Petards Share Discussion Threads

[chesty1] 05/1/2021 07:40

If there was a shortage of stock why would they not drop the spread to get some volume going it just doesn’t make sense imho

[tonytaxi] 04/1/2021 09:40

Was just quoted 14 pence to buy and could only get a quote for £1k worth.I tested £2k .. referral. Can't buy auto on line. Must be a shortage of stock.

[supernumerary] 30/12/2020 19:08

That's the risk you take with these nanocaps - you can somewhat adjust for the limited liquidity by careful portfolio balancing. The upside, as rivaldo says, is quick rises when the market wakes up to it, but certainly not a stock for active trading - I imagine spreadbets with stops would be a guaranteed way of losing money.

riv - yes, it was the anpr that got me interested. I see a big opportunity, and Paul Negus, although currently described on their website as 'responsible for Petards rail products' does have a background in anpr - 'spent eight years as Managing Director of PIPS Technology Limited, a developer of automatic number plate recognition and CCTV systems' - so they should have plenty of expertise and contacts.

[rivaldo] 30/12/2020 14:30

The current spread based on actual trades is 12.75p-13.5p, so not too bad at all.

Illiquidity works both ways - when a stock is on the rise as at present then any buying at all without many willing sellers will push the price up quickly and eliminate any spread anyway..

[rivaldo] 30/12/2020 13:19

Up almost 20% - evidently stock is scarce.

Good point supernumary, I hadn't really considered road pricing in relation to PEG's QRO subsidiary, but it could certainly be a gamechanger on implementation.

[supernumerary] 30/12/2020 10:02

Moving along nicely here. The market cap still looks modest given the opportunity in anpr systems. I imagine road pricing will become close to universal with the growth in EVs and loss of petrol duty - Rishi will have to get his money from somewhere.

[partner] 22/12/2020 11:34

Not me , sure with any buying pressure we will be off and running ,the graph looks good for plenty of movement upwards, target 15 -20-25-30 even ......

[rivaldo] 22/12/2020 11:24

Good to see another tick up after a mere 28k buy at the full 11p offer price - that you partner? Evidently not much stock around.

[partner] 21/12/2020 08:32

Not sure what the game is here , on line will only let you purchase 1000 shares , put an order through for 25000 at 10:5 p ,nothing done ..... why not just Mark it up .

[partner] 18/12/2020 15:12

Are you holding many of these Rivaldo?, managed to build up 350,000 shares myself , any buying this will quickly move up , so few shares around.

[rivaldo] 18/12/2020 14:30

...and another 32,000 shares just bought at 10.9p - a nice premium to the now 10.5p offer price.

[rivaldo] 18/12/2020 10:58

A very keen buy of 30,000 shares at 10.36p just now - well above the 10p offer price - has caused another tick up. Good to see.

Partner, yep, Hybridan don't give price targets.

[partner] 14/12/2020 18:30

Nice purchase reported after the bell, 125,000 @10p .

[partner] 10/12/2020 14:15

Rivaldo thanks for the info ,guess you would have said if the note contained anything Re price target for shares ?.

[rivaldo] 10/12/2020 13:07

Interesting new note out from Hybridan following the £823k ANPR contract win, including this extract:

"To put this in context, when Petards acquired QRO in 2016, it was turning over £1.8m. This contract builds on an exceptional first half for QRO,whichhas been growing its Traffic Technology product portfolio through both technology acquisitions and in-house development. Revenues from systems and support services were up by 34% and its profit contribution to the Group was up threefold on the same period in 2019. These increased revenues came from both systems supply and from service and support activities, primarily in support of UK Police Forces.

In H12020, QRO expanded its facilities at its Northamptonshire site to support this and future growth. In the National Police Chief’s CouncilAutomatic Number Plate Recognition (ANPR) Strategy 2020 –2024, one of the strategic aims in respect of intelligence developmentis to ensur eANPR is embedded as a core intelligence product throughout law enforcement.

This was reflected in a statement by Northamptonshire Chief Constable Nick Adderly commenting on the project to more than double the size of the force’s ANPR network. Beyond main arterial routes, cameras will be fitted in less obvious locations effectively creating a ‘ring of steel’ around the county.

QRO is well placed to win business from other UK police forces and has in place framework agreements with the Cheshire force and a joint one with Thames Valley and Hampshire. Other forces across the UK have also placed orders with QRO under these agreements. There are also attractive opportunities in the private sector for ANPR. The deal earlier this year to bringthe NASBox solutionin house, gives Petards an edge across all sectors and the potential for margin enhancement. NASBox creates a fully compliant and cost effective roadside ANPR system when interfaced with commercial off-the-shelf cameras."

"Today’s contract announcement significantly adds to next year’s order book for the Group. The order book was last reported in October at £12.3m,with £6.9m scheduled for delivery in 2021, more than the current market cap of the Company. The diversity of the Group’s business combined with an increased focus on cost controls, leaves the business well leveraged to increase profitability from their current levels."

[rivaldo] 09/12/2020 07:17

Another contract win, this time for £823k for ANPR camera infrastructure which will nicely benefit the upcoming H1'21:

[rivaldo] 30/10/2020 11:47

Chelverton Trust announced their final results last night, and had this to say about PEG:

"Petards Group (AIM - 6.3% of portfolio)

Petards has spent the past year scaling its operation to the new market expectations. Given that a large part of its business operates in the railway supply side, this year has been very difficult. The business has changed in nature and should be more profitable and produce a better quality of earnings going forward."

[chesty1] 28/10/2020 15:25

SarahBudd those comments are best saved for 1st April

[arthur_lame_stocks] 28/10/2020 09:34

Probably a scam, best ignored.

[sarahbudd] 27/10/2020 18:31

Hi..a family member has just had a call from an American firm regarding a hostile bid on PEG..anyone else? Was thinking poss boiler room scam..any comments appreciated. Thanks

[the oak tree] 23/10/2020 11:48

Bit surprised it didn't say how much the contract win was to Petards. You'd think that be probably the main item in an announcement.

[rivaldo] 22/10/2020 08:36

Good to see the share price rising 0.375p after just a £2k buy. Stock must be pretty scarce.

[rivaldo] 21/10/2020 07:27

Another contract win, this time with Bombardier, "as part of a GBP55m upgrade programme" and bringing secure income through 2021-2023...looks like PEG are on the up again: