Petards Share Discussion Threads

[rivaldo] 09/11/2021 15:02

Hmmmm....Andrew Perloff has been buying. He's bought another 500,000 shares via the Maland Pension Fund, and now has 3m shares, or 5.2%:



Here's a brief Perloff biography. Not one to waste large sums of money I'd have thought.....

[chesty1] 06/10/2021 12:05

Ouch well done haha not!

[dave4545] 06/10/2021 11:24

I was waiting for it too Chesty

And it's showed, the 166k that bought after the good news that paid 12p has sold for 11p

[chesty1] 06/10/2021 09:30

Dumped on no volume...delayed trade to show?

[dave4545] 24/9/2021 12:57

Yeah ok fair enough

But in a dead stock 99% of the year it's a eye catcher.

With yesterday's numbers though it's still a bargain.

[effortless cool] 24/9/2021 12:55

It's £20k, hardly massive; about 0.03% of the market cap.

[dave4545] 24/9/2021 12:45

166k buy at 12p massive

Could have split the trade and paid less but they were happy to get all that size at full offer

[chesty1] 24/9/2021 07:23

Happy to be holding here, just needs one big contract and it’s really game on!

[farrugia] 23/9/2021 16:48

going well.

[dave4545] 23/9/2021 08:50

Bloody typical.

You buy a stock on news and by the end of the day you are down thousands.

You refuse to pay the higher price and now it's 11.425p, somebody must have bought a right chunk as it was 10.5p mid price to buy for size not long ago.

Got greedy this time I missed out

[dave4545] 23/9/2021 08:10

I had a quote at 10.1p accepted and then mm's pulled it the barstewards.

I'm sick of getting impaled buying stocks on good news so I refused to pay 10.85p next quote.

But what a outstanding set of results, seriously price should be up 50% on them but for some reason these stocks are so unloved but it should get there in the end.

If it drifts back I'll buy

[rivaldo] 23/9/2021 07:39

Not a bad six months for a £5.6m m/cap company....

H1 brings £929k EBITDA and £430k PAT.

Plus PEG have £2.7m net cash against that £5.6m m/cap.

Trading is broadly in line for the year, i.e just slightly below, and order boooks are down due to Eyetrain and the UK Government's train company reorganisation, but just look at that £1.7m cash generation in H1. And every division remained profitable, with QRO and RTS looking very good indeed.

There are also strong hints that more acquisitions are in the pipeline.

There are further hints that Eyetrain should recover relatively soon. With fundamentals like the above I'm happy to hold here.

[chesty1] 06/9/2021 14:48

Well everything has dried up here! for now!

[bio_tango] 11/8/2021 15:02

Added another 45k today. Will keep accumulating if price stays around these levels.

[tole] 21/7/2021 13:08

Thanks or posting the updated figures

[rivaldo] 01/7/2021 10:26

WH Ireland have issued an update this morning.

Against PEG's £7.2m m/cap, they forecast:

this year : £14m revenues, £0.5m PBT, 0.8p EPS, £2.3m net cash
next year : £15m revenues, £0.8m PBT, 1.4p EPS, £2.9m net cash

It's not difficult to see a share price of anywhere from 20p-30p by the end of the year imo assuming the business continues to progress along with the upturn in the train sector, particularly with a cash pile representing around a third and rising of the m/cap.

[doug74] 01/7/2021 09:16

"Come on PEG hit us with something big I want my Screen losses back haha!"
Amen to that!

[chesty1] 01/7/2021 09:01

It’s solid Rivaldo but this one needs big contracts to gain attention! Come on PEG hit us with something big I want my Screen losses back haha!

[rivaldo] 01/7/2021 07:09

Another £0.5m contract win - and significantly this is (1) for QRO, so an unusually large win for them, (2) is for a new customer, and (3) is for overseas, which raises the prospect of further sales across the globe - as hinted at in the comment "we look forward to the possibility of working with them on future projects":

[dave4545] 24/6/2021 07:36

I often think Peg should merge with Uvel

Thing Uvel products would sell well in the West with Peg's expertise.

[rivaldo] 24/6/2021 07:32

Good to see the £0.5m contract extension win today for RTS, bringing in more recurring revenue for the next few years:



Apologies for the delayed reply doug74, I don't visit this thread too often as it's reasonably quiet and this is a long-term investment for me. Your post made me realise I'd missed Hybridan's last note from February, so I'll have a read of that later today. But that doesn't include any forecasts for 2021, and there's nothing on Hybridan's web site AFAICS - do you have a link to a recent note with the 2021 PBT forecasts in it?

[doug74] 02/6/2021 10:46

Hi EC,
Yes that's right. But Hybridan do. They assume 2021 GM% of 38% and admin expenses of £5m. If the latter proves to be true then Petards have done a more thorough restructuring than I gave them credit for in my last post. And in relation to GM%, given the change in the Rail mix toward refit and recent trend from 34.4% (H1 2020) to 38.9% (H2 2020) then with careful job budgeting, cost control and revenue recognition there may be some upside here. Hybridan estimate 2021 PBT at £340k so not a world away from WHI's estimate. Looking at share price history and its relationship with released results then if the brokers are right, and assuming even PE of 15, we could see a sustainable share price in the low teens this year. Next year though, as we see scalable growth and GM convert to the bottom line, we might see a share price of 25p plus. All this excluding the impact of any acquisitions that have been strongly hinted at recently. Rivaldo, what're your thoughts?

[effortless cool] 02/6/2021 09:45

doug74,

WHI are forecasting £14.0m revenue for 2021 and £15.0m for 2022. Rather strangely, there research does not give any more granular information on how revenue translates to profits, so it is not apparent what they are assuming for gross margin and admin expenses.

[bio_tango] 02/6/2021 09:09

Hi Rivaldo, another share in common.