Petards Share Discussion Threads

[gspanner] 18/2/2020 16:08

well I'm offering to buy 75k at 8.1 but no takers it would seem!

[likitorma] 18/2/2020 13:41

Debt could be a bit of a problem as well

[eastbourne1982] 18/2/2020 13:20

Market cap less than 5 million, if it remains listed I think it's cheap, my worry is the company delists from the stock market.

[likitorma] 18/2/2020 10:41

This has still lower to go, with MI Downing selling their holdings. Lack of liquidity won't help with the exit.

[tole] 18/2/2020 09:53

Well I wanted 8p so tempted here.

[rivaldo] 05/2/2020 09:17

WH Ireland now forecast for 2020 a £0.5m PBT, with 0.8p EPS.

PEG are forecast to close 2020 with £0.8m net cash given reduced cap ex this year.

With rose-tinted glasses on we must be hopeful that the well-known hiatus in rail sector/train building in 2019 will now pick up (and the signs for this are good).

If PEG can start to win one or two larger contracts again on the spending pick-up - as it should with a market-leading position - then the forecasts could/should be left in the dust as the company gets back on its growth path.

[dealit] 04/2/2020 13:24

IMHO previous announcement from PEG may have been over positive, they must now be a target for a predator the marker being low.

[gspanner] 04/2/2020 12:48

This looks like an investors rather than a traders share.

The usual dropping the price/mcap by £1.5 million or so on £40k worth of trades.

Suspect mms are a little short now there has been no significant selling.

[gspanner] 04/2/2020 08:22

I wonder if the political chaos of the last year have been the real issue here. First Brexit and lack of any clarity regarding investment and then the risk of nationalisation!

Whilst now some political stability has been achieved, I suspect there may now be a delay whilst the processes of tender negotiation etc restart.

[dave4545] 04/2/2020 08:22

Chart was correct, was predicting bad news.

Peg under 10p again wow not sure if it's worth buying or not

[gspanner] 04/2/2020 08:00

Ah well that explains the £7mil Mcap currently and the likely £4milnin a minute or 2

[rivaldo] 04/2/2020 07:50

Yep, looks like a series of unfortunate events....at least 2020 looks better given the order book and the ending of the various issues affecting 2019.

The initial MM markdown looks like leaving PEG at a m/cap of just £5m or so. PEG might look pretty cheap if the train spending programmes return this year from the hiatus in 2019.

[bookbroker] 04/2/2020 07:39

Disappointing statement, all todays statement give reason for concern. XLM,ZYT,PEG,MCRO,BP!

[tole] 27/1/2020 16:35

Added this to the watchlist.Any techinvest subscribers who would care to share what they last had to say on this one.. thanks.Any other coverage on this one anywhere?

[gspanner] 23/1/2020 12:15

Watching this for a long time, and difficult to pick up any decent vol stock for last few days... 50k to start.

[chesty1] 23/12/2019 15:43

This has & always will be a dog stock!

[playful] 16/12/2019 15:09

Been nibbling away here for a little while

[doug74] 12/10/2019 16:19

While a rise in the share price to 30p driven by Hybridan’s forecast would be welcome they have focused solely on improving profit:
2020 FY revenues of £17.7m are exactly twice the June 2019 interim revenue so Hybridan assume zero growth in H2 2019 and zero growth FY 2020.
PBT growth of 70% to £1.01m in 2020 infers 2019 PBT of £595k which would also assume about £200k reduction in admin costs H2 vs H1 2019 being savings of non-recurring £100k restructuring costs incurred in H1 and savings of £100k from the related restructuring.
It looks like they’ve assumed 2020 GM% at 38.0% though there could be more upside here as production efficiencies flow through and more support & maintenance contracts enter the revenue mix.
Given the investment in QRO Traffic division and the assumption that Defence and Rail division orders will be unblocked and bearing in mind 2018 revenues of £20m (which OK benefitted from some IFRS15 flow through from 2017) £17.7m for 2020 would appear to be too conservative.
IMHO the only way this company is going to generate REAL shareholder value is if it grows the top line as well as focusing on profit. Both home and export markets. According to the 2018 accounts the Biz Dev director took £282k including share options exercised. That’s a big salary for a small company – especially one that shrinks 11% in 2019 and then stays flat in 2020. Let’s see some of that Biz Dev please Mr. Negus!

[rivaldo] 09/10/2019 08:41

Hybridan have issued a new note following the contract win.

They have a 30p target price, and have PEG on a P/E of only 8 for next year given the strong order book etc.

They summarise as follows:

"Today, the software developer of advanced security and surveillance systems, announced that it has been awarded a contract to supply Bombardier Transportation with Petards eyeTrain systems. The �1.3m contract is to supply systems to be fitted to ELECTROSTAR Electrical Multiple Unit (EMU) trains as part of an upgrade programme with train owner Porterbrook and train operator Govia Thameslink Railway (GTR).

This is a welcome addition to the order book whose growth in H1 was restrained by delays concerning certain rail franchise awards that are now expected to delay into 2020. Today�s order is a reminder that eyeTrain has had considerable success in the retrofit market. This is the case in both surveillance and Automatic Selective Door Operation systems (ASDO).

The range of equipment in this order reflects the completeness of Petards� train-based surveillance and data-capture solutions and includes Forward Facing CCTV, Track Debris/Third Rail Camera and Digital Video Recording (DVR) systems.

Activities will commence immediately with the first equipment deliveries starting early 2020 and it is expected that the deliveries will be completed in 2021. This adds further confidence to our forecasts for 2020 (unchanged) for which order coverage stood at �7m as reported in last month�s interim results. We are forecasting modest year on year growth in 2020, to �17.7m and adjusted EBITDA growth of 24% to �2.11m equating to PBT growth of 70% to �1.01m, reflecting ongoing cost savings and lower R&D requirements.

We believe that the shares have been somewhat oversold post the recent interim results and are on a current year PE of just 12.8x falling to 8x for 2020. The EV/EBITDA multiples are 6x and 3.7x respectively. A share price of 30p, double the current price, would equate to a 16x 2020 PE which we see as more than justified by the Company�s prospects, technology and blue-chip customer base."

[dealit] 08/10/2019 07:29

Contract win announced 1m+ and the share price drops.

[effortless cool] 07/10/2019 21:02

What a stupid post.

lucicavi7 Oct '19 - 20:55 - 1341 of 1342 (Filtered)

[lucicavi] 07/10/2019 20:55

This cack should really be 0p

[rivaldo] 07/10/2019 07:18

Hopefully today's £1.3m contract win from Bombardier indicates that the contracting delays from customers are now a thing of the past:



I note too that this is an upgrade programme fitting train video and data solutions, which is encouraging to see, accompanying the more usual supplies to new builds.

[soundbuy] 19/9/2019 07:44

Highlighted by the Co. previously but worth repeating.....

'The Group has invested heavily in its eyeTrain software solutions and while it remains committed to ensuring these maintain leading positions, the rate of required investment has, as expected, been reducing in recent months, and is expected to fall further. Software engineering activities have now substantially moved from development to operational support. The expectation now is that the benefits of the above investment will be realised on subsequent projects. The modular product design should result in a much higher-level commonality of software and standardised components giving rise to operational and cost efficiencies.'