Petards Share Discussion Threads

[rivaldo] 22/8/2016 08:57

Great to see another big Bombardier contract win whilst I was on hols.

I'm also glad to see WH Ireland retaining their forecast of 1.9p EPS this year and not increasing, despite l the good news - this gives PEG a decent chance of being able to announce they're at least meeting and perhaps beating market expectations.

I noticed that Bombardier have been awarded a huge £900m contract to build trains for Abellio following Abellio's naming on August 10th as preferred bidder for the new East Anglia franchise - there must be a great chance of PEG winning big business here, as well as for the additional refurbishment of existing trains:



"Stadler and Bombardier to supply trains for Abellio East Anglia franchise
10 Aug 2016

The Department for Transport named Abellio as preferred bidder for the new East Anglia franchise on August 10. The franchise is due to start on October 16 2016 and run until October 2025, replacing the current Greater Anglia franchise which is also held by Abellio.

A £1·4bn investment programme under the new franchise is to include:

Complete replacement of the current fleet, with the delivery of 1 043 new vehicles between January 2019 and September 2020. Bombardier is to be awarded a £900m contract financed by leasing company Angel Trains for the supply of 665 Aventra electric multiple-unit cars from its Derby plant. Stadler is to enter the UK mainline passenger rolling stock market for the first time with an planned order for 383 Flirt electro-diesel and electric multiple-unit cars.

Refurbishment of 'many' existing vehicles ahead of the arrival of the new fleet.

etc"

[the oak tree] 19/8/2016 21:54

Oh one other thing. IMHO now the share price has broken out its trading range for quite some time , I suspect someone knows somthing. Follow the price......! :)

[the oak tree] 19/8/2016 21:50

Am afraid I don't know too much about PEGs past as wasn't around back then but looking at the numbers it certainly must have really disappointed many back in 2012/2013. I suspect thats why we are on such a low valuation as once bitten, twice shy as they say. The market hates to be disappointed.

But that is now quite some time ago and its perfomed well and certainly has reasonable forceast number. One thing its never seamed to have done (I'm only going back to 2010 as using Stockopedia) is how little money it actually made even in the years it sold well. e.g. in 2011 it sold £12.1m but had a net profit of only £0.32m

Thats looking like changing with a forecast net profit in 2016E of £0.9m and 2017E £1.01m.

Back in 2012 it achieved a share price of 31p before it all went pear shaped.

One thing I do like is the regular contract sales we are getting told about that PEG wins. Just get the impression they are winning these quite easy now. And that tends to mean the later contracts will have some decent margin in them rather than it's a company trying to win business with a new untested product. Just a hunch ofcourse but have seen this played out before.

Its true they haven't changed their forecast numbers with recent contract wins but perhaps thats just taking a conservative approach given they disappointed so badly 3/4 years ago?

Be keen to hear what has changed since 2012? New people / products etc?

Happy holder at the moment.....

[tiltonboy] 19/8/2016 12:09

...lol...yes, from the dark and dingy days of WTH!

[noujay] 19/8/2016 10:09

You must have had an absolute bundle at the start then tilton? A long journey!

[tiltonboy] 18/8/2016 17:34

No, still got over 400k left. Drip-feeding them into rises in the share price Next level 17.5p.

[melton john] 18/8/2016 17:13

Are you out now, if you don't mind me asking?

[tiltonboy] 18/8/2016 10:53

...and now my 16.5p limit has been taken out.

All looking rather good.

[melton john] 16/8/2016 18:59

Delayed trade announced after the bell, usual games to keep us guessing. The spread was 15.5-15.75 at the open according to the chart so I'm guessing a sell.

16-Aug-16--08:05:28--15.60--243,488

[cheshire man] 16/8/2016 13:40

More positives indeed Noujay and a few buys coming through this afternoon I see :-)

[tiltonboy] 16/8/2016 12:21

Thought there might have been a bit of interest this morning, but only one trade on ISDX.

Brokers are not changing their forecasts on the back of this contract.

[noujay] 16/8/2016 10:31

More positives, this one is shaping up very nicely IMO

[chrisdgb] 11/8/2016 10:10

Indeed, although LPA I think will do very well out of that..

[tiltonboy] 11/8/2016 10:04

It will be interesting to see if they get any part of this blockbuster Bombardier order. Might have to set my sights quite a bit higher for my remaining holding.

[rivaldo] 02/8/2016 12:07

Ticking up again. Yet still on a current year P/E of 8.2 based on 1.9p EPS - plus PEG has over £1m net cash against a £6.5m m/cap post the QRO acquisition.

[tiltonboy] 01/8/2016 13:31

...we haven't been hit by piddly little sellers which has always happened in the past, which may mean the loose stock from previous placings has now found its way into firm hands.

Hopefully we can now see a new trading range of 14-17p develop.

[rivaldo] 01/8/2016 13:09

..and another 32k bought at 15.5p, despite the offer price remaining at 15p.

EDIT - not for long!

[rivaldo] 01/8/2016 12:02

Good to see a 33k buy coming in at 15.25p - above the published 15p offer price.

[tiltonboy] 01/8/2016 11:48

I've sold the few (150k) that I wanted to at 14.635p over the past few days, and will probably sell a few more at 16p. Back to my usual unit size now!

[rivaldo] 01/8/2016 11:28

New highs :o))

Decent buying at the full 15p offer too now.

[chrisdgb] 01/8/2016 08:25

Yes, great to see our tiddler mentioned in the FT, I will get a copy shortly..

[rivaldo] 31/7/2016 23:03

That's great to hear - hopefully it'll bring in more buying interest.

No sign of it anywhere on the FT.com web site AFAICS, so any more details welcome!

[truffle] 31/7/2016 10:05

Confirming the Bombardier contract, saying that it already had contracts with Hitachi and Siemens etc. etc.
Decent article
Coincidentally, there is also an article in yesterday's Times about Crossrail introducing the new Bombardier trains in the future

[chrisdgb] 31/7/2016 06:53

Wow, in the FT, what was the gist of the article..?