Petards Share Discussion Threads

[dave4545] 27/5/2020 11:36

Cannot buy 5000 online at 8.85p so it should trade higher soon

They keep dropping the offer to try and shake people out

[bean02] 27/5/2020 11:14

Technically it's broken out and I'm targeting 15

[bean02] 27/5/2020 11:13

I've only managed a few fills. Frustrating.

[rivaldo] 27/5/2020 11:12

The price continues to rise, and the latest buy is at the full 8.5p offer, with 473,000 shasres traded already post-RNS. Healthy stuff.

[bean02] 27/5/2020 10:50

Maybe so. But there's 2 buys out as they are already bored. MMS not making a market. Every fill or kill rejected.

[rivaldo] 27/5/2020 10:31

Good - no stock around means any demand at all should push the price up nicely given the tiny £4.4m m/cap.

[bean02] 27/5/2020 10:13

Can't buy though.

[rivaldo] 27/5/2020 10:10

Yep, great contract win which secures the subsidiary's entire budgeted order book for this year and much of it going forward!

[philjeans] 27/5/2020 10:04

WOW!

This year's budget sales in a stroke!

Brilliant - well done PEG.

Onwards and upwards.

[dave4545] 27/5/2020 09:58

Might go a bit on the back of that contract Rns just announced

[gspanner] 22/5/2020 08:14

OT

Rivaldo, sorry, perhaps ‘pithy’ is a better way of putting it. Seeing though the hype.

[rivaldo] 20/5/2020 08:45

Looking strong here at the moment (EDIT - spoke too soon!).

OT : cheers gspanner - I didn't think I was that cynical about AIM companies?! I've done my best investing on AIM. Anyway, I don't know EQT at all, so when the sun disappears later this week perhaps I'll take a look.

[dave4545] 18/5/2020 12:06

Been N/T for a week now to buy

Once again they charge a whopping premium 7.5p for a buy and still sit at 6p bid or 6.5p online

mm's refuse to play fair in this stock

[the oak tree] 18/5/2020 11:45

Back in here now. While its difficult to believe any historical accounts, I feel we have enough to go on here to view it as undervalued.

I orginally sold out when some board memebers sold a while ago.

[gspanner] 12/5/2020 20:16

Rivaldo, (OT)

I have always valued your somewhat cynical assessment of AIM companies, and I wondered what you thought of EQT?

It is speculative, but I find it difficult to find fault with the company and can’t understand its current lowly valuation.

I do apologise if you don’t have the time/can’t be bothered.

Bw
Gsp.

[partner] 12/5/2020 18:50

On the 28 04 20 our seller had just over 1.6m shares to go , probably still has around 1m left , we need a few more volume days then hopefully , off to the races.

[dave4545] 12/5/2020 09:54

I was wondering why they were bidding 6.9p online on a 6.5-7p spread

Thought a big buy order but somebody bought 100k at a whopping premium earlier 7.8p

[philjeans] 12/5/2020 08:59

Added 100k - good contract with world class business.

Chart looking good for a sustained rise here.

[value hound] 12/5/2020 07:56

Yes, good news. I bought a few at 6p with a notional target to review them again at c.11p. I'm wishing I'd bought more now - but I don't think they'll be troubling my target just yet.

[dealit] 12/5/2020 07:50

Yes I agree `rivaldo`.

[rivaldo] 12/5/2020 07:15

Excellent news this morning, with this Siemens support agreement providing recurring revenues for two years.

There's a hint in the narrative that there's more of these recurring income deals to come.

Also, QS99, it's been repeated several times that development expenditure peaked last year and will be well down this year:



" Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has signed a two year Services Support Agreement with Siemens Mobility for their Desiro City Fleet Projects.

The agreement with a commencement date of 1(st) August 2020 is for the provision of technical and software support, servicing and repairs to the Petards eyeTrain systems fitted on Siemens Desiro City for Class 700 Thameslink EMU's and Class 717 Moorgate EMU's.

Commenting, Petards Chairman Raschid Abdullah said;

"Having worked with Siemens Mobility since 2012 we are delighted to now enter into our first Services Support Agreement with Siemens UK. We are committed to providing ongoing support to our customers throughout the life of the trains. Services Support Agreements provide long term recurring revenue, operational efficiency and protection of the customer's asset value whilst in service. With a typical train life of 35 years and Petards eyeTrain systems presently installed in over 12,000 vehicles this provides a strategic milestone to significantly grow our Rail Support Services business."

[pldazzle] 07/5/2020 12:50

The principals of Telematics Technology are Peter Billington and Chris Wallett*, with whom PEG's subsidiary QRO announced an association last July:
* source: Companies House

"QRO have recently recruited Dr Peter Billington and Chris Wallett, long time protagonists in the ANPR arena, to join their ambitious dynamic organisation. Having worked together closely during their time at CA Traffic, the senior management of QRO felt they could integrate well into the current QRO structure and add significant value to the business through their technical expertise and existing customer relationships. QRO aim to capitalise on such expertise with the launch of a new IP High Definition camera range for mobile ANPR use in early 2020."

[effortless cool] 07/5/2020 10:30

Telematics Technology LLP is a tiny business, so this deal is all about potential. It is quite well structured in that regard, with the vast majority of the payment dependent on future unit sales. However, without any information on revenue or gross margin per unit, it is not clear whether the price paid is reasonable or not.

[qs99] 07/5/2020 07:55

Just had a look at these, thought heyho looks good value.

however:

last half year report showed capitalised dev expenditure of £0.5m vs adjusted EBITDA of £766 and cash flow from ops of £0.2m Look at full year previously and capitalised 2018 expenditure was £1.4m....ffs!

So, with the flattering of its "adjusted" EBITDA and profits generally, will it have to continue to do this to show ANY profits? This is like Accesso which did the same for years until people cottoned on to it.

Thoughts please? if the dev has ended and it is all sunny uplands from here then I am interested to take a position! DYOR