Petards Share Discussion Threads

[rivaldo] 19/9/2019 07:30

Yep, H1 results are poor as expected. Hopefully they're already baked into the share price, with the m/cap now at just £11m, but that's probably being optimistic!

Good to see that the group generated £770k of positive operating cash flow - a big rise in debtors since the year end is mainly behind the net decline.

Surprisingly, given the already flagged delays in Rail tendering, Rail has performed well, along with Traffic, and the main culprit has been Defence.

There continue to be reasons to be positive, including the order book and the likely return of tendering activity and large contract wins in Rail and Defence, but until then the downgrade in H2 expectations means the short term will be dull.

[bookbroker] 19/9/2019 07:28

Poor outlook!

[soundbuy] 19/9/2019 07:17

Hmmmm............can't say I was expecting more TBH

[rivaldo] 15/9/2019 23:16

Mark Watson-Mitchell likes PEG and has a 40p target:



"Petards Group (LON:PEG)

This advanced security and surveillance systems group needs to see its shares start to climb back up to their previous 2019 highs again.

So, the recent two items of news, a big electronic countermeasures contract with an MOD supplier, together with a major product announcement of a military grade 360 spherical video system for armoured vehicle personnel, should help to turn the price.

Now at just 20p, the shares have been up to 29p since my mid-April profile at 22p, before collapsing back to the current level.

At this rate of progress, it might need quite a bit more on the good news front to get the shares up to my 40p target price – but I am still hoping."

[tradermel] 15/9/2019 08:57

Jan 19 - "Techinvest added 30k@26.5p to their portfolio on 31st Dec having made PEG a New Buy in November"

Proves a point these people know absolutely F all... just like us

[rivaldo] 15/9/2019 07:53

Some commentary on Thursday's announcement from the Chairman:



"Security developer unveils military grade video system
13 Sep 2019

A group that develops advanced security and surveillance systems has unveiled a new military grade video system at the Defence and Security Equipment International (DSEI) event.

Petards Group has showcased its new product, EyeCraft360, a military grade 360 spherical video system that allows personnel in armoured vehicles to see around, above and below them, without leaving the safety of their vehicle.

The EyeCraft360 is waterproof and dustproof, while also giving the user the ability to eliminate visual blind spots.

"We are delighted to see the early fruits of our investment in this innovative solution for local situational awareness," said chairman Raschild Abdullah.

"It combines the best of our defence heritage and video know-how."

Petards, which also develop technology for rail and traffic solutions, has its defence services operation in Gateshead.

"we are delighted that Major General Colin McClean of the UK’s Defence Equipment and Support (DE&S) was able to take the time to visit our stand and try out eyeCraft360 for himself," said defence director Scott Patterson.

"We have been very lucky to have had support and advice from serving British Army personnel throughout the development process and look forward to putting it into service."

[soundbuy] 13/9/2019 09:52

Missed that........cheers

[rivaldo] 12/9/2019 14:52

I do like the sound of this new product in today's announcement:



"Product Launch

Petards, the AIM quoted developer of advanced security and surveillance systems, has unveiled a new product at Defence and Security Equipment International (DSEI). EyeCraft360 is the world's first military grade 360 spherical video system. It allows personnel in armoured vehicles of all kinds to see around, above and below them without leaving the safety of the vehicle. EyeCraft360 has been designed for the defence export market. Full details can be found at www.eyecraft360.com.

Commenting, Raschid Abdullah, Petards Chairman said: "We are delighted to see the early fruits of our investment in this innovative solution for local situational awareness. It combines the best of our defence heritage and video know-how. The EyeCraft360 has been well received at the DSEI with many overseas military delegations and major defence companies taking the opportunity to experience the product.

We are now focussed on taking eyeCraft360 to new markets around the world".

[smackeraim] 04/9/2019 10:05

crazy. Just bought another 7k but it's shown black. It's a buy though.

[soundbuy] 04/9/2019 10:04

20862 bought @21p

20862 sold @19p


Held under 2 hrs.............zzzzzzzzzzz

[smackeraim] 04/9/2019 09:03

Rising and not surprising.. had 19m on order book before recent contract wins, excluding today!"The Group continues to enjoy a strong order book that provides the Board with good visibility to plan for the future. The order book at 31 December 2018 was over GBP19 million"

[smackeraim] 04/9/2019 08:39

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.

[smackeraim] 04/9/2019 08:18

Took a few this morning. Company seems in decent shape and contract wins coming in.

[soundbuy] 04/9/2019 08:12

Aye........

early interest..........let's see what liquidity's like today......

[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.