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PEG Petards Group Plc

6.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Petards Group Plc LSE:PEG London Ordinary Share GB00B4YL8F73 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.75 6.50 7.00 6.75 6.75 6.75 25,143 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Systems Service 10.87M 524k 0.0093 7.26 3.82M
Petards Group Plc is listed in the Security Systems Service sector of the London Stock Exchange with ticker PEG. The last closing price for Petards was 6.75p. Over the last year, Petards shares have traded in a share price range of 3.00p to 10.50p.

Petards currently has 56,528,229 shares in issue. The market capitalisation of Petards is £3.82 million. Petards has a price to earnings ratio (PE ratio) of 7.26.

Petards Share Discussion Threads

Showing 6026 to 6048 of 6700 messages
Chat Pages: Latest  244  243  242  241  240  239  238  237  236  235  234  233  Older
DateSubjectAuthorDiscuss
04/7/2018
05:51
From today's Times - news that Bombardier and Hitachi have teamed up to bid for the massive HS2 contracts.

PEG already have contracts to supply both of them:



"Bombardier and Hitachi hailed “a landmark day for the UK rail sector” after joining forces to bid for the £2.75 billion contract for HS2 trains.

The two companies, both of which had been shortlisted, are the only train builders with factories in Britain and analysts said their decision to team up could give them a decisive hand.

etc"

rivaldo
03/7/2018
07:22
It's worth noting that Hybridan's latest forecasts per their new note are:

this year - 2.15p EPS
next year - 2.56p EPS

putting PEG on a forward P/E of 9.1.

Hybridan also see £1.23m net cash at the end of this year, rising to £2.37m next year.

rivaldo
02/7/2018
08:59
Hybridan have issued a new note today, concluding that a 40p share price would still be reasonable and that PEG trades at a significant discount to its sector comparators.

In particular, they comment on the RTS acquisition and new Network Rail contract and say:

"Network Rail is under well documented pressures to improve efficiencies.
Automation of systems and digital enhancement are in our view an important part of achieving this.

Indeed, Network Rail in its “Supplier Qualification System” (SQS) for potential IT partners” released in January, indicated that it plans to spend some £2bn on IT goods and services over the next decade. This is against a backdrop of £48bn pledged for rail network improvements by the UK government covering the
period from 2019 to 2024.

We believe that RTS’s specialist capability and strong relationship with Network Rail leaves it well positioned to pick up more work from Network Rail and its Tier 1 suppliers, both of which it already services. We understand that RTS is engaged in projects that will increase its profile as a trusted specialist service provider to Network Rail’s larger suppliers who lack the expertise in webbased, real-time safety critical applications.

On a fully diluted basis, Petards trades on a current year PE multiple of 11.5x falling to 9.3x for 2019E and is on a price/sales multiple of under 1x. The 2019E EV/EBITDA multiple is circa 5x reflecting the strong balance sheet and lack of leverage."

"We believe that Petards merits a re-rating to at least a mid-teen PE multiple. At 40p (72% upside), the shares are on a 16x FY2019E PE multiple which we do not believe prices in any significant growth from RTS. RTS was Petard’s second acquisition in a little over two years. The Board continues to keep an eye out for acquisitions that could expand the Group’s capabilities in fields including software, data analytics and services."

rivaldo
26/6/2018
16:10
It was a contract renewal so you would think it would have been priced into the sale of RTS by its owners, anyway not complaining. Hopefully one of many new contract announcements, this is still under the radar, could do with Simon Thompson discovering Petards!
rimau1
26/6/2018
08:42
Nice to see this blogger coming to the same conclusion:



"Petards

Slim pickings again today, but a note from AIM listed Petards proves interesting. They recently bought a company called RTS who have been supplying software to Network Rail. The contact has been renewed for a further three years – with an additional two year option at the end of that. The overall deal – if running for the full five years – is worth £1.3million yet Petards bought RTS just six weeks ago for £1.5 million."

rivaldo
25/6/2018
06:08
RNS - good to see a £1.3m contract renewal win today with Network Rail providing revenue visibility for some years ahead.

And won by RTS, the same company for which PEG only paid £1.5m maximum on being acquired a few weeks ago. A pretty good price which is looking better now (perhaps achieved everyone knew the renewal was up for grabs in the near future).

Quite a prestigious win considering RTS are so small:



"Under the terms of the contract RTS will continue to provide software licences, maintenance and third line support to Network Rail in respect of its real time failure and incident management system that supports the UK's national rail infrastructure."

rivaldo
18/6/2018
06:37
Hi rimau1, you beat me to it! I spotted the Siemens story too this weekend.

Petards have a framework agreement in place with Siemens, which means Petards supply Siemens' world-wide rail vehicle business with its train related products and services.

With Siemens winning the Tube contract and allocating UK companies work, there must be a very high chance that PEG will win work - substantial work - from this.

Remember that PEG also work for both Bombardier and Hitachi, both mentioned here re the renaissance of the UK rail industry::



"Siemens will build factory in UK after winning Tube train contract

The good news for British manufacturing is that the contract win will trigger Siemens’ commitment to build a £200 million factory at Goole in the East Riding of Yorkshire to make the trains for the Tube, directly employing 700 workers and a further 1,700 in the local supply chain.

Siemens, which already provides trains for South West Railway and Thameslink manufactured at Krefeld near Dusseldorf, has been told to design, engineer and build an initial 94 trains for the Piccadilly line in a contract worth £1.5 billion. They will replace rolling stock that has been running since the 1970s. There will probably be a further £1 billion manufacturing contract for an additional 150 trains for the other deep Tube networks of the Central, Bakerloo and the Waterloo & City line.

Siemens’ success is another fillip for a renascent train manufacturing industry in Britain. In 2011, the country only had one manufacturer left, Bombardier, at the historic Litchurch Lane works in Derby where trains had been made since Victorian times. That factory was within days of closure before a volte-face by Bombardier’s Canadian owners. The plant has since won a string of contracts, not least for the new Crossrail service across London.

In 2015 Hitachi opened a factory at Newton Aycliffe in Co Durham to build the new intercity express trains for the great western and east coast main lines. Siemens had pledged to build the factory at Goole if it won the deep Tube contract. The German group will also make a pitch to win another £2.5 billion contract for High Speed 2 trains.

Confirming the green light for the Goole plant, Sabrina Soussan, chief executive of the train-making division at Siemens, said: “We can further develop rail skills and our investment, something that is so important to the continued success of the UK rail industry.”

rivaldo
16/6/2018
08:59
Hi Rivaldo, I am long here, great structural story along with Renew Holdings there is plenty of growth in the rail sector to bid for. I saw the announcement yday that Siemens Mobility have won a contract with TFL for new trains, is there a decent chance that Petards will land some of the work do you think? I note we have worked for Siemens mobility before
rimau1
13/6/2018
09:38
Absolutely agreed - for example it look's like there's been 87k and 100k sales this week. But selling can be for any number of reasons, whereas buying is much more interesting and is for one reason and one reason only - because the buyer believes the share price will increase.
rivaldo
13/6/2018
08:10
Rivaldo I am a buyer and a big holder of this stock, I think it has a great future. And I think if you look at director's salary and age I think his share sale is totally justified as well very low salary deserves some reward from some where, but there is some heavy selling at 22 don't know about stake building I think it might be more someone offloading!!!
chunkster
13/6/2018
07:55
Another two 25k buys already today and another tick up. That's five separate 25k buys in two days.

Evidently some quiet stakebuilding going on.

rivaldo
12/6/2018
12:49
Time this company ceased issuing options to those bandits, Abdullahs, until there is tangible evidence of growth in this company, they may have saved the company a few years back, but the reality is where are investors now, he most likely sold the last tranche to pay for these in part!
bookbroker
12/6/2018
10:08
It shouldn't be long at all until the chance of a major re-rating in the run-up to the interims in 3 months' time.

Primarily due to the strength of the recent AGM statement:

"I am pleased to report that in the first quarter of 2018 the Group has traded well with revenues being slightly ahead of management's expectations and almost 15% up on the same period in 2017.

"Order intake for the period was higher than anticipated. This was primarily the result of the receipt of the £1.5 million of radio communication contracts received from the MOD announced in February, although excluding those contracts, order intake was still higher than expected.

"The Group entered 2018 with an order book of over £18 million and order coverage for 2018 revenues in excess of £12 million. At 31 March 2018 the order book of £18 million has been maintained and coverage of 2018 revenues from that order book and from the first quarter's revenues has now increased to over £15 million.

"The visibility of forward revenues, together with the continuing discussions for major new projects referred to in the 2017 Annual Report, provides the Board with confidence that the 2018 full year results will show further progress over those achieved in 2017."

rivaldo
12/6/2018
07:37
All well and good RIC., but you need major inside shareholders to believe in the company, and not be cashing in their chips at lowly levels, maybe they need the dough, but then stop talking the company up, I’m sure a small-cap. quoted engineering company could do a better job of creating shareholder value, just needs one to seize the opportunity, be a good reverse takeover, got some shares in a shell which has the backing of Melrose directors, Sterling Industries, and still waiting for their first foray, might be a long wait!!
bookbroker
12/6/2018
07:32
Good to see an early tick up on decent volumes with 100k+ already traded - including four separate 25k buys. And the buy price has been steadily rising.

Hopefully this means the overhang which has been around has almost or is cleared.

As I said, there's plenty to be optimistic about, especially at this price!

- a £1.2m PBT and 2p+ EPS forecast this year by both WH Ireland and Hybridan
- a very positive "ahead of expectations" AGM statement
- large order books and revenue visibility
- an earnings-enhancing acquisition
- £1m+ net cash
- participation in two growing sectors (rail infrastructure and electronic counter-measures)

rivaldo
11/6/2018
13:29
Convertibles converted.
effortless cool
11/6/2018
13:08
Trying to figure out where Raschid Abdullahs options arise, this time last year he had about 1.5 mln shares, since then he has sold 1mln., and still holds over 2.5mln., they appear to come out of thin air, I do not see any exercising of options bar quite recently to Negus!
bookbroker
08/6/2018
12:54
No probs Oak Tree. IMO there's still potential for lots of upside here so I'll be around for a while bar any surprises.

With:

- a £1.2m PBT and 2p+ EPS forecast this year by both WH Ireland and Hybridan
- a very positive "ahead of expectations" AGM statement
- large order books and revenue visibility
- an earnings-enhancing acquisition
- £1m+ net cash
- participation in two growing sectors (rail infrastructure and electronic counter-measures)

there's plenty to be positive about here.

rivaldo
07/6/2018
19:13
The fall today was inevitable and we may never recover upto 30p as things stand only time will tell.
dealit
07/6/2018
16:51
I suspect Milton were keen to buy, given that quantity of shares in such a small cap stock. Its just a pity it came from the chair.

Happy to have increased my cash balance too, as only feel you should be investing in this market with "conviction" stocks. The trend now probably isn't your friend.....

Wouldn't surprise me if it went up though, but I hold on a risk reward basis and it swong to the sell.

Good luck Rivaldo and thanks for all the updates on this stock.

the oak tree
07/6/2018
11:45
Good luck Oak Tree. You've singlehandedly pushed down the price 14%, which shows what a predictable overreaction this is in such an illiquid stock!

Miton was launched and are run by Gervais Williams and Martin Turner. Enough said. Any fund will have winners and losers, but Gervais Williams tends to be on the right side of things.

rivaldo
07/6/2018
11:18
Set of bandits those Abdullah’s!
bookbroker
07/6/2018
11:05
Thats me sold out of here.

Ive learned not to hold companies where the chairperson sells a significant portion of their holding. However this will probably do OK as the share issue conversion is behind it and market for tains looks good. But I would just rather buy something where the board is buying not selling.

Sold 169363 shares in total and came away with a 99.8% gain. Think I moved the price a bit today.

Don't think much of Miton UK Microcop trust performance and they are only a few years old.

Good luck to holders.

the oak tree
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