Petards Share Discussion Threads

[rivaldo] 22/1/2019 10:54

The 175% or so capital gain over the last 3 and a bit years has benefited me, I'd like to think :o))

Techinvest summarised as follows in their recent New Buy tip:

"For the current year (i.e now last year to 31/12/18) broker WH Ireland forecasts pre-tax profit of £1.2m and earnings per share of 2.0p. These figures rise to £1.5m and 2.4p respectively for 2019. A prospective P/E of 10.4 for a little over a year out looks unduly low and we feel that further growth from the company in the second half of the current year could easily trigger an upward re-rating of the shares. WH Ireland's estimate of fair value for the stock is 34p.

Continue to buy for exposure to Petard's strong growth dynamics and secure base of core customers."

[ntv] 22/1/2019 08:09

looked at this one as an investment but pointless because it never pays a dividend to ordinary shareholders
The only people who benefit are the directors

[rivaldo] 09/1/2019 12:48

Cheers AISHAH, good to hear. The Techinvest effect seems to last for a couple of weeks post-publication, so there may be more of this latest rise to come, especially with the trading update due so soon.

[aishah] 09/1/2019 11:38

Techinvest added 30k@26.5p to their portfolio on 31st Dec having made PEG a New Buy in November

[smartmoney100] 07/1/2019 11:55

Yes nice start to the year. T/S soon? 12th last year

[rivaldo] 07/1/2019 10:35

Happy New Year to everyone here. Nice £20,000 buy at 28p just now has jump-started the price.

[rivaldo] 17/12/2018 15:21

Good to see PEG featured as a major riser and holding in December's newsletter just out of the Downing UK Microcap Growth Fund:

"Petards made no material announcements during the period. We believe it is in a strong position, current orders for H2 2018 are in excess of £9.5 million and almost £8 million in orders are scheduled for 2019. EyeTrain orders of over £6.5 million add to coverage for 2019 and beyond."

[glasshalfull] 30/11/2018 17:33

First class rivaldo 👏🏻👏🏻8079;🏻
You’ve saved me from posting.

The undernoted link will provide a photo of the presentation at Mello London. Paul provided an excellent presentation & I took a maiden stake prior to it’s conclusion as the business case was compelling.



Mello also provided the opportunity to speak with a sales Director & senior management throughout both days to get a full appreciation of the opportunity in addition to the presentation. It really is a MUST for PIs to attend.

Kind regards,
GHF

[rivaldo] 30/11/2018 15:18

Some rough notes and quotes from the Mello presentation:

- Paul Negus (Group Development director) has an impressive track record and has previously built and sold another business to a global leader
- "exciting future ahead"
- the Defence division has the MOD, BAE, NATO and Leonardo as customers
- PEG are aiming to "build new client relationships globally"
- the ASDO new product (automatic door opening system) has "significant interest" and "a number of open bids in the pipeline"
- looking at further acquisitions after those of QRO and RTS
- "strong pipeline", high levels of interest in current tenders and bids
- now entering "production phase" for rail customers, after sinking costs into the initial R&D and engineering phase
- the new GEN6 Eyetrain is for retrofit as well as new build
- PEG have almost a UK monopoly in rail, with customers including Siemens (Desiro trains), Bombardier (Aventra), Stadler (Flirt), Hitachi etc
- huge barriers to entry given high cost of change of suppliers
- 6,500 new rolling stock carriages to be awarded in 2019/20. PEG's offering is for £3,500-£15,000 per carriage. Work it out!
- Siemens are expanding their Leeds facility and have been awarded 3,000 London Underground vehicles for £1.5 billion cost. PEG are the ONLY UK manufacturer of this new on-train technology
- the industry shift to digital is helping PEG
- in the past there have been Engineering overruns. PEG are now entering the lucrative supply and maintenance stage
- PEG have European market leadership due to the UK's CCTV technology, as Europe have a long way to catch up
- aiming to make Defence integral to customers as with Rail
- Traffic had £2m new orders in H1

[rivaldo] 29/11/2018 09:28

New recent highs now - hopefully 30p coming soon and then back to 35p-40p.

[tightfist] 29/11/2018 09:27

OK, will do!

[effortless cool] 28/11/2018 15:58

Pleased to hear they did a good job at Mello. I have added another 75k shares, in anticipation of interest picking up again here.

I'll dust off my PEG forecasting model on the train home tonight.

[rivaldo] 28/11/2018 13:56

Great to see from his Twitter feed that Glasshalfull has taken a maiden stake here:

"Jam packed for Petards Group @@MelloEventsUK ! Excellent presentation by Osman & Paul. This £14m m/cap co is operating in a sweet spot with good moat & initiatives to improve margins. Market booming. Stocko Rank 76 I’ve taken a maiden position"

Welcome to the party :o))

[rivaldo] 28/11/2018 09:23

Cheers tightfist, I missed Judith's talk so glad to hear it, as Downing Active Management own 6.3% of PEG! I'd be interested if you could private message me about what she had to say about GMAA....

Amazed to see the share price here drop yesterday, even after Monday's big rise. PEG were one of the big hits of the entire conference AFAICS, with everyone coming away extremely positive.

[tightfist] 27/11/2018 13:02

Judith from Downing Microcap IT just gave PEG a thumbs-up too. She was an impressive no-nonsense speaker (she gave Gama a hard time!). Good to be invested alongside Downing; we can be a lot more nimble than them if we choose.

[effortless cool] 27/11/2018 12:50

Thanks, tightfist - appreciate the feedback from Mello.

[tightfist] 27/11/2018 11:55

I was at today's Mello presentation and a lot of ticks went in my boxes, and I was not alone. A very competent forward-looking presentation majoring on the Rail sector where they seem to hold a strong niche position - they addressed the margin issue head-on and were quite convincing that they are now intent on monetising their IP.

[soundbuy] 27/11/2018 08:13

Cheers for that........

[rivaldo] 26/11/2018 22:39

Nice move today. I saw PEG present - imo they were excellent, and I know of others who were similarly impressed. The main presentation was done by Paul Negus, the Business Development director, and he was particularly good.

The prospects for rail in particular look huge.

More detail later in the week after Mello finishes.

[soundbuy] 26/11/2018 12:31

Small(ish) holding here..........

Interesting to see if Mello generates any interest.....

[rivaldo] 23/11/2018 11:02

Yep, good to see PEG spreading the word. Hopefully this means there's a good story to tell which will excite investors given the encouraging numbers and prospects.

PEG remain on a single-figure P/E for next year based on 2.56p EPS forecast by Hybridan.

[advfn_sales] 22/11/2018 12:34

Here is the chance to meet with Petards Group:

Using this unique discount code, ADVFN25, you will be able to get £25 off at Mello London 2018, a 2 day investor conference from the 26th – 27th November 2018 at the Clayton Hotel, Chiswick, London.



Tickets are normally priced at £99 for two days and £79 for one.

Type in ADVFN25 as the discount code.

Many Thanks and take advantage of this premium offer.

See you there.

[effortless cool] 17/11/2018 12:04

Good to see Osman Abdullah and Paul Negus are presenting on both days of the Mello event. It's the first time that I can remember the company actively promoting itself to quality retail investors.

[rivaldo] 12/11/2018 09:39

I note that Techinvest's write-up is an initial Buy recommendation - they "plan to write about the company in more detail in next month's issue".

[rivaldo] 09/11/2018 11:42

Bombardier have today won another €112 million rail contract - hopefully more work to come here for PEG given their relationship with Bombardier: