Petards Share Discussion Threads

[truffle] 23/5/2023 11:53

I held shares here a few years ago and then sold at a loss. It was always jam tomorrow.

At times it has looked tempting to buy in again, but in reality this is yet another example of a company promising much and delivering nothing and the market cap is now below £4 million!

Just look at the share price over many years, its an appalling record.

All IMHO and DYOR

[dave4545] 22/5/2023 14:10

Somebody wants in and somebody is getting out.

100 and 2 x 150k buys and a decent 550k sale worked out

[dave4545] 22/5/2023 12:49

150k buy at 7.37p

I test 25k and get 7p mid price so might as well take it, anything higher is 7.37p ish

[chesty1] 17/5/2023 14:01

Market not impressed!

[rivaldo] 10/5/2023 08:42

Hybridan have issued an update this morning. They forecast revenues rising this year to £11.5m and then to £11.9m next year.

They see 0.53p EPS this year rising to 0.97p EPS.

The cash pile is forecast to rise to £2.5m this year and then £3.2m - almost 70% of the current £4.7m m/cap.

In conclusion:

"Hybridan forecasts: We forecast 2023 revenue to be slightly higher than 2022,
as the demand for the Group’s ANPR solutions continues and the UK rail market for core product eyeTrain has shown signs of recovery in 4Q22, with significantly higher bid levels than have been seen over the last two years, particularly in the new build and retrofit rail rolling stock market."

[nick rubens] 09/5/2023 11:44

At the moment the market simply has no interest as the company has been in a stalling mode for some time. It needs some serious corporate action to get a more realistic valuation.

I'm seeing a bargain here, and have for some time and yet find myself hesitant to buy more wondering has the market got this right? I suppose I'm waiting for others to act first? Looking for a flurry of buying perhaps?

[rivaldo] 09/5/2023 07:36

Considering the hiatus in UK rail spending - which it seems is now improving - these are imo a rather decent set of numbers.

PEG have a m/cap of just £4.8m, yet have remained profitable despite their main division being so stymied.

They made a £0.52m PAT, and have almost £2m net cash (pre-IFRS), i.e backing up around 40% of the m/cap.

They also have excellent recurring revenues, up another 11% to £5m.

QRO is performning outstandingly, RTS are doing OK and are expected to improve, and Defence should finally pick up traction given the Ukraine war.

Above all, the recurring income and the pick-up in Rail gives encouragement for this year - a "satisfactory" and cash-generative start to trading bodes well.

Plus there's an encouraging note to possible further acquisitions from the cash pile.

And:

"We are now seeing encouraging signs for new projects, particularly in the new build and retrofit rail rolling stock market, for some of which we are currently in active negotiations."

These could be huge relative to PEG's minnow-sized m/cap.

[jeevsje] 09/5/2023 07:13

Really disappointing set of numbers. New financial years hasn't had a good start either ("satisfsctory").

[the oak tree] 14/3/2023 08:24

Sure enough that first thing in the morning spike has gone. Back to the same old......

[the oak tree] 14/3/2023 08:21

Bit of a spike up first thing today, perhaps its nothing and just the market makers trying to find a level.

Anyway......only thing I can see is what appears to be a new ish forecast for 2023.

FY2023 Revenue £21.5m EPS 2.9p up 2.4p giving a PE of 3.62 for 2023. That EPS is 146% up on FY2022. At some point I expect a substantial rerating. Its only a £6m cap so could move alot and quickly.

IMHO

[chunkster] 14/2/2023 16:42

Not had a good thing to say about this company for ages! But be realistic at double the share price this company is very cheap in the right hands.

[doug74] 14/2/2023 16:37

John Wakefield has a strong CV and, as mentioned above, plenty of M&A experience. Also mentioned above, Petards is sat on lots of cash. 2+2=?

[dave4545] 14/2/2023 15:42

Def 1 buyer taking out the max online by the looks of things.

[packman8] 14/2/2023 15:39

New director appointment on 1st Feb with M&A experience!! Raschid way past retirement age so might be wanting to sell out.

[faz147] 14/2/2023 15:26

Looks like someone started building a stake, or added to an existing hold with +250k shares, broken up into 4 trades.

No way of proving that, but seems the most likely scenario.

Could be someone has caught wind of a contract win, or year-end cash and PBT ahead of expectations (we won't know that til finals in May) or it could just be that someone has recognised how undervalued PEG is with so much cash on their books.

Either way a nice rise, and with the spread currently 18%, I wouldn't be surprised to see the bid back up to 12p or higher by the end of the week. Not selling any personally.

[dave4545] 14/2/2023 15:09

2 mm's were on 10.5p offer.

Sent down a 25k fill or kill rejected so decided to take the 10k NMS instead, just as it was going through 3 mm's all moved up to 11.5p offer so I just left it.

Would have been a good trade looking now

[chesty1] 14/2/2023 15:09

Very odd...but not complaining.

[partner] 14/2/2023 14:44

Someonr know, why the interest today ?.

[effortless cool] 03/2/2023 12:32

Looks to me like the decimal is in the wrong place.

[dalmeny] 03/2/2023 12:03

Under "1-month >EPS upgrades", Investors Chronicle magazine has PEG down for 2.9p. I can find no reference to this online. Does anyone have access to this forecast?

[jeevsje] 18/11/2022 13:22

Continuing its move upwards.

[jeevsje] 16/11/2022 08:16

Looks like the drop yesterday was fabricated to fill the buys. Not surprised due to the shares being tightly held. Could easily see a 20% to 30% rise based on a contract award or acquisition. Strong balance sheet.

[jeevsje] 14/11/2022 16:45

Weird transactions going through last few trading days, including today.

[rivaldo] 09/11/2022 09:24

Chelverton Growth Trust issued their prelims this morning. They have a £180,000 holding in PEG and stated the following:



"Petards has transformed its business to manage the reduction in sales in the railway supply side. It has significantly increased gross margins which has helped to manage the decline in its sales. Its objective two years ago was to move to a higher value-added service with stronger recurring revenue. It is well on the way to achieving this objective. As a measure of its undervalue, some 50% of market capitalisation is represented by cash reserves."