Petards Share Discussion Threads

[supernumerary] 14/3/2022 10:52

Well done riv - you seem to have woken the sleeping giant!

Good point about defence though - I see they said 'Defence related activities on an improving trend' in the last interims, and I expect that's accelerated since.

Mildly surprised there haven't been any reportable orders recently though - I was hoping for something from the anpr people.

[rivaldo] 14/3/2022 10:00

Could be good times coming for PEG's Defence business given the current climate:



Customers include BAE, MOD, RAF, Royal Navy, Leonardo, NATO.....

[rivaldo] 02/3/2022 08:27

Chelverton's holding is worth just £190k or so. As regards whether PEG is a worthwhile investment or not this is not a very meaningful factor. Even in the event of a wind-down of Chelverton, which may or may not happen anyway, such a wind-down would presumably be carried out over at least one year and more likely even longer.

[dolittle1] 22/2/2022 11:40

Chelverton, one of the major shareholders, has clearly indicated that it has now been reduced to a size that makes it unviable in the longer term to continue with the current structure. If they decide to divest from here, PEG will be in big trouble due to illiquid nature of its shares.

[bio_tango] 16/2/2022 12:15

Trading update due anytime, which should highly cash generative nature of this business. Seriously believe it is only a matter of time for the rerate.

[the oak tree] 10/12/2021 12:12

Thanks Rivaldo.
Surely a tiny bit of this fliters down.

[rivaldo] 09/12/2021 23:40

Huge HS2 contract news - both Hitachi and Alstom are PEG clients:



"HS2 signs £2bn contract with Hitachi and French manufacturer Alstom for 54 high-speed trains

By Daily Mail City & Finance Reporter

Published: 21:54, 9 December 2021

HS2 has signed a £2billion contract with Hitachi and French manufacturer Alstom to build 54 high-speed trains for the controversial rail line.

The trains, which will travel at 225 mph and be the fastest made on British soil, will be manufactured at the Japanese multinational ’s plant in Newton Aycliffe, County Durham, and finished at Alstom’s sites in Crewe and Derby, supporting 2,500 jobs...."

[dave4545] 07/12/2021 11:16

mm's must love this game

shake the bid down yesterday on no sales and then watch as people sell at 11.25-11.3p and they gradually get that 12.4p sold stock back for a whole penny profit.

[partner] 06/12/2021 07:52

Expecting another blue day here today , 1 million shares picked up last week by the company plus Fridays increased holding update , interesting times again .

[dave4545] 03/12/2021 19:01

No wonder it was no offer at 12p, 160k+ premium buy 12.4p 20 mins before the close

Peg about to get a little exciting for once

[dave4545] 03/12/2021 16:23

No quote to buy 5000 at 12p even after a 25k sale at 11.2p

Squeezes can be good for quiet stocks like Peg

edit bid up to 11.5p as I type

[bio_tango] 03/12/2021 16:12

Both Thomas and Chelverton involved here and TST.

[dave4545] 03/12/2021 15:59

Too dull a stock for small pi's they all want momentum

But for value hunters this is right up there

[rivaldo] 03/12/2021 15:55

He's probably been buying steadily for a while, with his latest purchase taking him over the 4% mark for disclosure.

[dave4545] 03/12/2021 15:32

He must have been the buying blitz earlier then.

[rivaldo] 03/12/2021 15:30

...and Thomas Charlton was also a Managing Director at Merrill Lynch Investment Managers, so should know his onions:



He previously had 3% and has added around 725,000 more shares AFAICS, now having 2.45m shares or 4.33%.

[dave4545] 03/12/2021 14:53

If you google today's buyer he is behind "panvista technology"

Not much info but if you click on google images you get the connection with Peg as it's all camera's etc etc

[rivaldo] 30/11/2021 07:05

...and there's why - a buyback of 1m shares at 10.25p. Quite a gesture of confidence from this £5.9m m/cap:

[partner] 29/11/2021 21:59

Biggest volume day in over a year I think …….

[partner] 29/11/2021 21:48

Large trade reported late in the day !,.

[jeevsje] 17/11/2021 15:09

Concerns on the order book.

[rivaldo] 16/11/2021 14:30

FYI Chelverton Growth Trust has a £190,000 stake in PEG (6% of its portfolio). It's just released its results to 31st August, and had this to say about PEG:



"Having last year incurred substantial restructuring costs, Petards has enjoyed a much better year to date, with the interim results showing a profit. Given that a large part of its business operates in the railway supply side, the market remains very slow; the order book, whilst healthy, is not as large as it has been in the past. The business is changing in nature and should be more profitable and produce better quality earnings going forward."

[dave4545] 09/11/2021 16:28

He could have sold out and we'll find out in 2023

[rivaldo] 09/11/2021 16:21

:o))

Cheers jeevsje - certainly is late! Note to self to always read down to the bottom of the RNS....

I suppose we can as you say draw some confidence that Perloff has retained his increased holding through the thick and (largely) thin since then, with hopefully some further thick coming soon.

[jeevsje] 09/11/2021 15:41

It is a late notification from 2020, my friend Rivaldo. Still shows confidence though.