Petards Share Discussion Threads

[rivaldo] 14/10/2016 09:56

Good to see 20p in the rear view mirror now.

I agree barnetpeter, given likely EPS upgrades imo for next year (Hybridan are already at 2.1p EPS) I'd hope for a 30p+ share price at some point.

[bones] 14/10/2016 01:04

Given that the purpose of the share capital reduction in 2014 was to open the way to future dividends, one can imagine that an initial dividend of,say, 0.5p per share could just be in the offing with the finals to be announced in March 17? That would cost around £175k out of distributable reserves of circa £4M and give an initial divi yield of 2.5% at current prices. I can imagine that would light a fire under the share also. It does assume growth stokes between now and then and bear in mind the directors said they will not start dividends until they feel it is prudent to do so.

Hopefully, more material contracts to come between now and then and it could become reality.

Just a thought to chew over at breakfast!

[barnetpeter] 13/10/2016 21:19

Still at a nothing valuation. Not selling any below 30 pence ....

[barnetpeter] 13/10/2016 21:09

Up again today....moving over 20 pence next week.

[cfro] 13/10/2016 18:14

Hello modform, great to see you here.

PEG rather similar in many ways to another of my current favs - LPA with Bombadier being a common denominator here.

[ileeman] 13/10/2016 16:53

Quite a few buys on ISDX again today.

[interceptor2] 13/10/2016 16:47

Welcome modform, agree that the share price could easily double from here, just need a good steady flow of contract news. Great sector to operate in.

[modform] 13/10/2016 16:41

Been buying yesterday and today after some research, the PER should be double what is, considering the sector it is in.

[cfro] 13/10/2016 09:16

Thanks for the link rivaldo,

I agree that there is a strong likelyhood we will see further large contract orders this time through Bombadier.

[ileeman] 13/10/2016 09:07

Thanks for link makes for very good reading.

Not that long ago they had a contract from Bombardier. Dont see why they would not follow that up considering the £1.5bil being spent.

From August

"Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Bombardier Transportation ("Bombardier") with Petards eyeTrain systems."

[rivaldo] 13/10/2016 08:29

Good coverage here of Abellio's announcement last week that they're spending £1.5 billion on 1,043 new carriages from Bombardier and Stadler:



Being built over the next 2-3 years, presumably this huge contract could give rise to a further order for PEG at least the equal of this week's £6m win, if not more?

[interceptor2] 12/10/2016 21:50

Many reasons for difference in value between LPA and PEG, one could be just the difference in the cycle, LPA started their re-rating in November 2015 and have continued to issue stronger statements ever since, PEG were later in the cycle and only started re-rating from July 2016 after a contract win, and since then they have clearly been picking up new business.

LPA have issued two ahead trading updates this year, and think that PEG will soon be following their lead.

Other differences are the convertible shares and needing to look at the diluted EPS, and also the tax charges are different. Also LPA pays a dividend, yet PEG have net cash.

Both companies are good value imo, and operate in a sector that should continue to prosper for many years to come, which is why I hold both companies.

LPA only had a market cap £9.5m on 2nd November 2015 before the rerating started.

[ileeman] 12/10/2016 21:16

Just looked at LPA

LPA has very very similar results to PEG why is LPA £17mil cap and PEG is only £6mil cap?

[effortless cool] 12/10/2016 21:12

I have taken some profit on PEG and cut my holding down to 300,000 shares.

Just felt it prudent to take some money off the table with 18m of convertible shares in the pipeline.

[interceptor2] 12/10/2016 17:39

Thanks for the $ earners list, I was going to mention AVS also, another one with 70% US revenue is SOM, also AMO 45% USA.

Have some research to do now, thanks again.

I bought into PEG on Monday because of the significant contract win, I am sure investors are aware of how buoyant the sector they operate in is, but for additional confirmation look at LPA which operates in the same sector. I have never read such upbeat comments from any other company this year, particularly the trading updates in March and September. Bodes well for PEG imo.

[leeson31] 12/10/2016 17:08

done, added to my notepad, thx c-pops!

agree Lee - may take a few days for ppl to become more aware, best that we're in early :-)

in theory, they should make ~£1m ebitda (£20m FY revs ) for next yr, that lowers the per substantially...

cheers

[crazycoops] 12/10/2016 16:59

Thanks Leeson, you might want to add AVS and SCH to that list.

[ileeman] 12/10/2016 16:58

Yea Fest value prevails, PEG is a nobrainer sub 20p. Will not take alot for this to get closer to 30p.

We are still only about 25% up since the £6mil contract with a major company. Crazy considering that was a contract greater than the cap at the time.

Seems like PEG is off the radar for most which is not necessarily a bad thing.

[leeson31] 12/10/2016 16:57

thx crazypops! will have a skeet at BVXP...

heres a list of USD ebitda's as an fyi:

ABC,ALT,AVON,CHG,CIU,FOUR,ECM,MCRO,RR.,TCM.

[crazycoops] 12/10/2016 16:51

I hold PEG and AAZ, BVXP has also been getting a head of steam this week (results on Monday, mainly dollar earnings, decent yield, great operating margins).

[leeson31] 12/10/2016 16:45

ones on the up at mo: PEG ALT AAZ CMBN FXPO MXO

what are you guys looking at which is on the up at mo?? cheers

[festario] 12/10/2016 16:41

Indeed iLeeman, everything else i hold, in every sector, took a battering today.

[leeson31] 12/10/2016 16:21

bit of strength into the close...

[ileeman] 12/10/2016 15:11

Large buyer at work today it seems.

2x50k (one on ISDX)
66k