PEG

Petards Group Plc

7.00
-0.125 (-1.75%)
Share Name Share Symbol Market Type Share ISIN Share Description
Petards Group Plc LSE:PEG London Ordinary Share GB00B4YL8F73 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.125 -1.75% 7.00 80,000 10:32:33
Bid Price Offer Price High Price Low Price Open Price
6.75 7.25 7.125 7.00 7.125
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Security Systems Service 10.87 0.52 - - 3.96
Last Trade Time Trade Type Trade Size Trade Price Currency
14:52:58 O 30,000 7.20 GBX

Petards (PEG) Latest News

Petards (PEG) Discussions and Chat

Petards Forums and Chat

Date Time Title Posts
01/6/202312:39Petard's Group - The Long Story1,677
10/9/201500:11Petards...winning lots of contracts 2013-2014735
21/1/201513:04Petards Group - The Long Story-
21/8/201417:23Petards is this the new PEG ? Shareholders look !52
18/12/201311:38*** Petards Plc ***2,528

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Petards (PEG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:52:597.2030,0002,160.00O
09:31:367.0525,0001,762.50O
09:31:347.0525,0001,762.50O

Petards (PEG) Top Chat Posts

Top Posts
Posted at 25/5/2023 19:34 by dave4545
I doubt many will argue with you.

But not many companies are making profits and this one still is.

My best performing share today simply because the only stock I hold that close up at 2%, 2% in this market is like 20% in the old better market

Posted at 23/5/2023 11:53 by truffle
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

Posted at 22/5/2023 12:49 by dave4545
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

Posted at 09/5/2023 07:36 by rivaldo
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.

Posted at 14/2/2023 16:42 by chunkster
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.
Posted at 14/2/2023 15:26 by faz147
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.

Posted at 03/2/2023 12:03 by dalmeny
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?
Posted at 07/11/2022 11:58 by rivaldo
Techinvest's new issue is now out, so it should be OK to post their review of the interims from last month's issue:

"Petards Group
9p (PEG; AIM)

Petards’ results for the six months ended June 30 reflect challenging conditions within the UK retail markets. Revenue was £5.5m, down from £7.7m in the first half last time. However, the result in the comparative period benefited from revenues of £1.8m from two individual shipments of equipment, one relating to Rail and one to Defence. Gross profit margin increased to 49.3% from 39.6% a year earlier due to enhanced contribution from higher margin engineering and support services and a lower cost base. Adjusted EBITDA was 35.4% lower at £0.61m and post-tax profit was £0.1m compared to £0.43m in the first half of 2021. Diluted earnings per share fell from 0.74p last time to 0.17p.

Cash generated from operating activities declined by 32.9% to £1.12m, but net funds at the period end were up by £1.0m to £2.5m (4.3p per share).

One bright spot from the results was the improved performance from the traffic management systems unit, QRO, where revenues were up over 30%. Petards’ defence business also traded above expectations in terms of revenue and margins and delivered a good result for the first half of the year. Activities in the period included the delivery of new equipment to the RAF as part of the JETS threat simulator systems five-year framework contract secured last year. The rail market, by contrast, remains challenging for Petards and the period saw a marked reduction
in eyeTrain revenues. However, revenues from spares and repairs services were back to pre-Covid levels and the company is experiencing a higher level of enquiries and tenders for rolling stock refurbishment and upgrade programmes.

All expiring RTS software licenses and support contracts were renewed with an increased number of users, and the group order book at the period end was £6.0m. Petards added that it expects further progress in the second half, leading to a
satisfactory and cash generative performance for the year as a whole.

Petards’ activities generally performed well during the first half, apart from eyeTrain where delays in order placement for new systems reduced revenues. The order book at £6.0m remains supportive and should be bolstered in the second
half by an anticipated increase in refurbishment and upgrade contracts, which management believe will prove a precursor to securing future larger contract awards as rail passenger journeys continue to recover from the extreme low of the Covid crisis in 2020. Continue to hold."

Posted at 05/5/2022 08:45 by rivaldo
That's more to do with the hiatus in large rail contracts which we've known about for a long time now and is why the share price is where it is.

The smaller, but more consistent and shorter-term projects which PEG have been winning keep that order book steady, and together with the work PEG have done on margins are ensuring profitability - and cash flows - continue at decent levels.

The rail contract situation is already baked into the share price and £7m m/cap imo, especially given the £1.5m cash pile. At some point, whether this year or next, those large rail contracts will come back. Patience is required, but given PEG's illiquidity anyone wanting to build a stake will have to have done so prior to that.

Posted at 23/4/2021 12:50 by doug74
Very quiet round here. Was wondering what people thought about the PEG share price falls of today and yesterday. Poor results expected?
Petards share price data is direct from the London Stock Exchange
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