Petards Share Discussion Threads

[rivaldo] 04/9/2019 07:26

New £1.1m contract....in the Defence division! Let's hope those long-anticipated rail contracts follow soon....



"Contract Win

Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has been awarded a GBP1.1 million contract by a major UK defence systems contractor to provide Electronic Countermeasures equipment for use on a UK Ministry of Defence ("MOD") programme.

The contract is for the manufacture and supply of equipment that will form part of an integrated Defensive Aids Suite on military aircraft. Most of the equipment is expected to be delivered in the second half of 2020.

Commenting, Raschid Abdullah, Petards Chairman said: "We are delighted to have been reselected for the next phase of this electronic countermeasures project which will serve to protect aircraft and the lives of the Service Personnel that fly in them. The Company has been supplying and servicing such systems for many years and we believe that this is indicative of the value that our customer places on our expertise in this specialist field."

[soundbuy] 20/8/2019 11:49

From the AGM statement in May

"The year has started well with performance in the first three months being in line with budget. With 2019 order coverage of GBP14.6 million, which includes revenue to April, and forecast levels of transactional business for the remainder of the year being in line with the board's expectations, management's focus continues on building on the current order book for 2020/21 where it is in discussions with its customers over new business across the Group, in particular for Rail Technology where a number of significant new contracts are in the offing."


Tick Tock re new contracts.......zzzzzzzzzzzz

[chunkster] 20/8/2019 11:37

I agree with bookbroker for a change I see a very disappointing trading update coming!!!

[bones] 20/8/2019 11:36

It’s a similar story on many micro stocks. Price being walked down on small sales during a torpid period of market activity and a lack of updates.

I don’t hold PEG but it is on the watchlist as i have owned it in the distant past.

[soundbuy] 20/8/2019 09:42

Liquidity here's shocking.....

You'd hope recent falls factoring in any delays but the market's never that rational....

[bookbroker] 20/8/2019 09:18

With Crossrail being delayed to infinity, and HS2 leading to debates on viability the best hope for this company is the UK Police, military and continued new rolling stock on UK Railways, but this is a slow tortuous process, can see a likely disappointing trading update here soon!

[dave4545] 20/8/2019 09:14

55k sold at 20p

Desperate seller in this

[chunkster] 19/8/2019 09:36

What ever happened to the Eyetrain contacts that were imminent

[dave4545] 19/8/2019 09:31

What great timing by me

Price dropping on no trade all the time and stock totally friendless

21.5p to buy now, but looks like nobody is interested in the recent news of new product.

[dave4545] 05/8/2019 11:05

Took 25k at 22.85p

Think Peg missed a trick not issuing a Rns for that.

Guessing the 28k sale at 22p has not seen it either.

[pldazzle] 05/8/2019 08:15

Thanks Rivaldo, looks interesting. There's now a video on the Petards website:

[rivaldo] 05/8/2019 07:20

This looks very promising - a "world first" new product being launched next month:



"World’s first military 360 degree camera technology set to transform armoured vehicle vision

August 2, 2019

Petards have announced that they will be launching ‘eyeCraft360’ at DSEI London in September 2019. EyeCraft360 is world’s first military grade 360 spherical view camera system which dramatically improves local situational awareness for armoured vehicles without risking the safety of the crew.

Defence experts from around the world will be among the first to try out this brand new product, which instantly gives complete coverage around any vehicle including directly above it and below.

Developed in response to the growing need for improved close-range awareness, especially in the urban environment, eyeCraft360 provides a simple, rapid and cost effective capability boost for in-service armoured vehicles. It also helps to reduce accidents and damage when manoeuvring.

The system comprises a hull-mountable omnidirectional camera, a single rugged screen and an armoured cable to join them together. Thanks to the simplicity of the design, it is ready for use straight out of the box. Expensive and time-consuming integration is not required.

It avoids the need for any mechanical moving parts by digitally stitching and stabilising its inputs to give a seamless full 360 view at all times. Scott Patterson, Defence Director at Petards says ‘we are very excited to be able to bring together our defence expertise and our camera know-how to create an innovative product which will make a real difference in keeping vehicle crews safe. The reaction from serving and veteran soldiers who have seen it so far has been incredibly positive.’

More information including (the soon to be published) first video of eyeCraft360 in action is now available at www.eyecraft360.com. For exclusive pre-launch information, demonstrations and pre-orders please email [e-mail].

Due to the early interest in the product, Petards are recommending that those wishing to try it at DSEI this year contact them as early as possible to reserve a slot. Expressions of interest are also welcome from trusted worldwide companies who have regional market expertise and wish to help develop the technology further.

Petards are a global leader in data driven security, surveillance and communication technology. They are experts in developing defence, rail and traffic solutions that help deliver smart technologies. Their reputation, which is based on exceptional customer service, cutting edge technical capability and high quality products, has allowed them to build relationships with leading companies and organisations across the world, including Bombardier, Siemens, Stadler, Hitachi, BAE Systems, Leonardo and the UK’s Ministry of Defence."

[tonytaxi] 08/7/2019 13:08

What's happened to the new contracts promised?

[pldazzle] 02/7/2019 00:22

Video to back up Rivaldo's post 1308:



(though one does wonder whether the mention of Chris Grayling may not kill the whole thing stone dead!)

Interesting that DRL has several other new initiatives involving CCTV video. Presumably there's every chance that these are PEG collaborations too.

[rivaldo] 01/7/2019 08:27

PEG's systems are being used in a prototype train, with support from Porterbrook - and with "strong interest from train operators to develop a production version":



"Innovation from Digital Rail Ltd helps make railways safer
Friday 28 June 2019

An innovation to help reduce yellow line incidents was demonstrated by Digital Rail Ltd at the recent Rail Live event, an exhibition which brings the entire rail industry together in a real railway environment. Their RailSight® system assists the driver and guard by detecting anyone beyond the yellow line and alerts the driver’s display by highlighting the carriage door on a monitor. The system uses existing CCTV cameras supplied by Petards and does not impact on any existing systems.

Digital Rail Ltd Director Howard Parkinson explained: "We have a great team combining experienced engineers with a young team of computer graduates, many from Lancaster University, where our office is based. Our RailSight® system is currently a prototype and we have a strong interest from train operators to develop a production version. Rail Live was a welcome opportunity for us to show our innovation to the Railway industry. This could not have done without the support of Porterbrook who provided a whole train dedicated to new ideas and technology – the Innovation Hub. We received a lot of interest from a wide range of people, and had the opportunity to explain our ideas to the Secretary of State for Transport, Chris Grayling who made a point of visiting the Innovation Hub"

The company is involved in several new initiatives which build on the idea of using intelligent systems to interpret CCTV video. These include the yellow line safety improvements, identifying people requiring assistance at platforms (wheelchair users for example) and helping station staff to manage railways users.

etc"

[soundbuy] 21/6/2019 09:00

Cheers..............

[rivaldo] 20/6/2019 11:49

PEG is the fourth largest holding in Downing's UK Micro-Cap Growth Fund at 6.23% of the Fund, and their monthly newsletter just out today features PEG as follows:

"Petards announced that the year has started well, with performance in the first three months in line with budget. Order coverage for 2019 and forecast levels of transactional business for the remainder of the year are in line with the board’s expectations. Management’s focus remains on building on the current order book for
2020/21 where it is in discussions over new business, particularly in Rail Technology, where there are significant new contract opportunities."

[rivaldo] 30/5/2019 12:24

Five buys in 30 minutes of around 50,000 shares - strange, but encouraging :o))

[soundbuy] 30/5/2019 11:29

Interest again..........

[chunkster] 23/5/2019 15:34

The bid here is starting to look a lot stronger now. A good RNS in the next week would be nice. There is nothing really on the offer should push this the right side of 30p

[soundbuy] 21/5/2019 11:20

Another pop on 3k..........

[soundbuy] 21/5/2019 11:19

Yep......should take out the recent ATH in coming weeks given reasonable macro......

[rivaldo] 21/5/2019 10:52

Up again on a 13k buy. It seems there's a continuing shortage of stock here.