Petards Share Discussion Threads

[rivaldo] 14/12/2023 12:47

Another new major shareholder - another Jonathan (Hicking)! He now has just over 3% with 1.75m shares, so the Two Jons have now bought 6.26% between them:

[dealit] 13/12/2023 15:35

Charwell Investments Limited Cayman islands, Jonathan David Selby Cranston, who are these investors. All seems wrong IMHO.

[dave4545] 13/12/2023 13:02

I do not think he bought them all after that dump, he probably already had a decent holding and then topped up to go over 3%.

Unless almost every single buy was his, he would have to be very quick with his fingers online

[threeputt] 13/12/2023 12:58

so he bought 1.8m of the 4.2m sold ?
and the rest of the slack taken up by by pi's on the day possibly looking at the volume if the mms hold none/very little. I guess some of those pi's will slowly sell on no news
I might take some interest at 3p

[rivaldo] 13/12/2023 12:26

New major shareholder Jonathan Cranston now owns 3.22% (1.82m shares) - looks like quite an experienced company director - probably investing off his own bat on a value basis?





Looks like a forced sale of shares at any price from Charwell. Crazy.

Mind you, no director buying to be seen. Presumably not a closed period as we're still over two weeks before the year end (unless there are transactions or news flow ongoing).

[babbler] 08/12/2023 16:24

TR¹s depend on the buyer / seller reporting on time. I've seen some 6 months after the event before as they "forgot".

[threeputt] 08/12/2023 14:20

"why would the market makers take on 4 million shares on their book?", well if someone has taken the 4m then there should have been another TR1 by now. Unless of course the 4m was spread across different entities

[dave4545] 08/12/2023 13:52

Wins do this all the time.

It was 5-6p at the time so paying 2.12p is probably classed as a safe bet and before they disclosed the trade they managed to offload a good few for a 75-100% profit so for them the risk reward is very good.

I'm surprised at their greed still, would have thought they would be happy to sell some at 3p or less to get the position down and still make a killing.

[farrugia] 08/12/2023 13:46

why would the market makers take on 4 million shares on their book? My understanding is that for every seller there must be a buyer?

[babbler] 08/12/2023 13:12

Depends... If another tr1 comes if someone took the shares ...

[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.