Petards Share Discussion Threads

[threeputt] 08/12/2023 13:10

so by my reckoning mms have only sold about 1.5m of the 4m they had from Charwell, right now they're making almost 100% profit on these and surely won't want to hold those on their stock for too long, so how about dropping the price then mms we might buy then......I might just buy some for 3p

[babbler] 08/12/2023 08:08

Exactly. Either sale of the century due to redemption or something bad coming. I've put my bet on... Let's see.

[fevertreeman] 07/12/2023 21:51

Interesting thought Dave.....just a pity we cant get behind the brass plate and discover who they really are.

[fevertreeman] 07/12/2023 21:50

Something is seriously askew frankly. The market cap is now £2m, so we have the ludicrous situation (engineered or not) that with cash and cash equivalents of c£1.7m the business is valued at £200k for £10m of t'over, an order book of c£4m, and strong positions in rail and traffic systems.

[fevertreeman] 07/12/2023 21:39

A little investigation shows that Charwell actually doubled its stake in the company back in December 2017, from 4.55% to 9.12% ! Clearly its been a disastrous investment over that time - take a bow the Abdullahs - as they'd have accumulated the shares when Petards was trading in the 20s, having hit a peak price of 38p in May that year......

[fevertreeman] 07/12/2023 21:26

Will be impossible to get behind the nameplate. Certainly stinks doesn't it ! The Abdullahs are proving disastrous stewards of the business

[babbler] 07/12/2023 17:01

Never really heard of them tbh before PEG but clearly desperate

[gb904150] 07/12/2023 16:44

well there we have the RNS:

Charwell Investments Limited

Did hold 5 million for 8.99%.
Now hold 989,215 for 1.72%

Anyone know who Charwell represents? Cayman listed firm:

South Church Street, Ky1-1104, Grand Cayman, Cayman Islands.

[babbler] 07/12/2023 14:50

This isn't your usual kind of fall... Let's see eh?

[dave4545] 07/12/2023 14:23

Somebody has just bought 100k at 4.19p just in time for Winterfloods xmas party where they are offloading their stocks for a whopping 100% profit

Far too generous are some pi's

[jeevsje] 06/12/2023 23:44

There is no need for a "no reason for share price movement" RNS since there was clearly a reason for the drop today i.e the forced seller.
The forced seller has presented opportunities for those interestsd, esp when MCAP equates to rought the net cash position.
All adults here who can make their own decisions.

[bozzy_s] 06/12/2023 23:23

I'd guess a lot of today's 3.5p buyers will be tomorrow's 3p sellers. They bought in looking for a quick trade / bounce, before seeing the price MMs paid for all the stock.

Now it's been printed as a shocking 2.125p, I'd expect no immediate bounce, traders to sell, and the price to dip to 2.5 / 3p, especially if Petards don't issue a 'No reason for share price movement' RNS.

[glavey] 06/12/2023 23:21

Sorry, nothing to see here. ;-)

[eat more aaapples] 06/12/2023 22:58

I'm buying BEN instead of

[threeputt] 06/12/2023 19:40

There's only 2 shareholders with that many to sell so which one ?

El-Khereiji Financial Company WLL Corporation 8.6m
Charwell Investments Ltd.Corporation 5.1m

but if PEG suddenly tell us they're delisting we'll know why it was a distressed seller. On the other hand that would be an obvious case of insider trading like no other, either way I may assume there's more to sell as the nearest share ownership of that size is about 1m away.

Fascinating !

[doug74] 06/12/2023 19:27

[e-mail] 07768 905 004
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[packman8] 06/12/2023 18:08

Rude awakening for the new director. He shall be able to get a holding cheaply.

[dave4545] 06/12/2023 17:30

Well I'm not in business to make the mm's rich. 2.5p for me or I just leave it for somebody else, unlikely but in this market if the overhang does not get cleared and the bottom fishers also start selling through impatience you never know.

But it's good value down here nonetheless

[volsung] 06/12/2023 17:21

Hoist by their own Petard
(I'll get my coat)

[kinwah] 06/12/2023 17:00

You would think the company would buy the shares back at that price!

[balcony] 06/12/2023 16:59

Am i right 80k sale halfs the value of company?

[babbler] 06/12/2023 16:37

Won't get to 2p. Seen it many times before when desperate seller sells to another holder at desperate price. Guess we find out who later...

[dave4545] 06/12/2023 16:31

The mm's expecting us to pay 3.5-4p when they paid 2.125p for 4 million

Some people are far too generous