Petards Share Discussion Threads

[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
[e-mail]
[e-mail]
[e-mail]
[e-mail]
[e-mail]

[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

[partner] 06/12/2023 16:28

Think the reason has just been printed !!.

[boffster] 06/12/2023 16:24

A 'know of no reason' statement from the company would be nice after a near 50% fall

[smithie6] 06/12/2023 16:12

Rivaldo

Sadly I think you might struggle to put a gloss on this share now !

[bozzy_s] 06/12/2023 15:32

1.4m net buys published = about 2.5% of the company bought. So there's a gigantic sell order being filled - probably holding above 3%. Any ideas who the forced seller might be?

Could be good for a bounce when that trade is published. I wonder what price. Guessing around 2.5p.

[dolittle1] 06/12/2023 15:10

Wtf, may the people in charge burn in hell

[dealit] 01/12/2023 20:18

We can only hope this new product will turn loss into profit sooner than later.

[fevertreeman] 01/12/2023 11:30

Agreed. Now if only the ghastly Abdullahs could get off their comfortable backsides & start delivering some sustained commercial progress......their track record is truly abject, and I feel for the staff...

[dolittle1] 03/10/2023 21:42

Hope the Abd really suffer...

[dolittle1] 28/9/2023 11:54

May some people burn in hell.

[arthur_lame_stocks] 26/9/2023 12:14

Unfortunately the Raschids hold a large stake in the business and shifting them from the gravy train would probably be very difficult.

[truffle] 26/9/2023 10:32

One comment to-day says it all;

'The outturn for the year will be below current market expectations'.

Sadly, the lights went out here years ago

[fevertreeman] 26/9/2023 10:14

Not just terrible, utterly disgraceful esp given Raschid Abdullah's Chairman's outlook statement at the FY results in May:

"At 31 December 2022 the order book stood at just over £4 million (31 December 2021: £7 million), most of which is scheduled for delivery in 2023. 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.

Management is continuing to drive the Group’s development forward, and the Board’s objectives for 2023 are for improved results, strong cash generation and to further strengthen the Group’s portfolio of businesses.”


On every bloody metric, this business is being driven in reverse. It is crystal clear that there needs to be change at the top, and quickly! Management has no handle on their core markets: misleading FY comments about Rail outlook compounded by naive comments about the defence performance which seemed to surprise them.

So many questions here? Do they have the right team dealing with Rail and MOD? Do they have a proper understanding of timescales? Where is the evidence of reducing reliance on UK rail market which they have been moaning about for last 3-4 years.
Why have they have progressively & drastically reduced spending on R&D? Why are their Admin overheads so high and why havent they done anything about it? Why are they not investing in sales & marketing?
Truly dreadful - the Abdullahs are solely responsible for this continued shambles and dont seem to care about s/holders or staff for that matter. Another utterly dreadful set of results

[dealit] 26/9/2023 07:54

Terrible set of results. I will be keeping these sadly to off put Capital Gains in my portfolio.

[dolittle1] 26/9/2023 07:18

Sack Abdulla.