Petards Share Discussion Threads

[rivaldo] 06/1/2021 09:23

Up again, and buying coming in now at the full 16.5p offer or just below.

There's been a dramatic change in sentiment here :o))

[partner] 06/1/2021 08:43

Well if you double our market cap from here we would still only be around 18million .

[chesty1] 05/1/2021 15:22

IG not quoting for me below 16.8p??? Very odd.

[rivaldo] 05/1/2021 15:19

You can currently buy a maximum 25,000 at 15.85p online if you wish Chesty1....

You can also sell at least 100,000 at a nice premium to the bid at 15.18p, so there's clearly still demand out there.

[chesty1] 05/1/2021 14:09

It defo puts folks off with the big spread gspanner myself included! but for some reason these are on the move & when this one moves it tends to move quickly!

showing now 15.5p to sell & 16.8p to buy ouch!

[gspanner] 05/1/2021 14:03

Delighted this is going well, I sold out a wee while ago, price neutral - got bored I must confess and distressed by lack of liquidity.

Well done to the patient holders!

[chesty1] 05/1/2021 13:16

hhhhmmmm volume picking up too!

25% in free float is that still correct?

I have been looking into this one daily now & with the spread was put off.....why o why didn't I just tuck some away @10p sometimes in this game you just need to buy on gut instinct!

Be lucky to all

[partner] 05/1/2021 12:57

That trade was from 10.44 this morning , offer was 14p then .....what do they know ?.

[rivaldo] 05/1/2021 12:46

Nice - someone just bought 110,000 shares at 15.4p - well above the 15p offer price....

[chesty1] 05/1/2021 12:24

IG you can buy with ease but you have to pay for em 15.5p currently!

[partner] 05/1/2021 12:11

Tried to get a quote for 1000 shares , nothing doing .......could be on for a nice rise here.

[chesty1] 05/1/2021 11:14

Have picked up a few!

Had the spread been smaller I would have picked em up much earlier! gutted!

Current spread - 15.2236p to buy - 14.38p to sell

[partner] 05/1/2021 11:10

You still appear to be unable to purchase any on line ....yet you can sell in quantity.

[rivaldo] 05/1/2021 11:05

....and now the published bid price has ticked up to 13.5p, so the spread is very acceptable now.

On an excellent run at present.

[partner] 05/1/2021 09:03

Chesty I believe yesterday you could get 13.5p on the bid,even though the actual bid was 13p,so working at .5p spread.

[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.