Chelverton Growth Trust have bought another 300,000 shares and now have 1.5m shares, or 4.32%: Http://www.investegate.co.uk/petards-group-plc/rns/holding-s--in-company/201509250927402147A/ It's noteworthy imo that this £5.2m m/cap company now has Downing and Chelverton both increasing their holdings and now owning almost 15% between them.
17 Sep '15
big 180000 buy there. excellent news over last 12-18 months will surely push us upwards. let's see if we can move to a new trading range beyond 13p.
13 Sep '15
RE: Positive from Beaufort Securiti..
Nice write up, good to see some coverage and a trickle of buys last week. Future success hanging on increasing contract wins. Everything else is in place :)
11 Sep '15
Very low P/E
Hybridan's forecasts post-results are per Hemscott: - this year : 1.52p EPS, £0.7m PBT - next year : 1.72p EPS, £0.82m PBT
9 Sep '15
Positive from Beaufort Securities
From Beaufort Securities' market report FYI: "Petards Group (PEG.L, 12.50p) - Speculative Buy Yesterday, Petards Group (Petards) announced its interim results for the half year ended 30th June 2015. During the period, the revenues fell to £6.1m from £7.2m in H1 2014, mainly due to £3m of lower margin equipment deliveries for the Ministry of Defence. The company reported a 39% rise in EBITDA to £609,000 and the operating profits soared to £436,000 (2014: £346,000). Pre-tax profit rose 30% to £356,000 resulting in an EPS of 1.03p against 0.79p in H1 2014. The total cash stood at £2.0m (31st Dec 2014: £1.4m) with no bank debt. On the operational front, the company won a several key contracts including orders worth more than £2.5m for Petards' eyeTrain CCTV systems and a new project from Bombardier. Petards order book at the end of period stood at £19m. Our view: The first half of 2015 has been quite successful for Petards with improved margins and a stronger order book. The results are in line with the company’s plan to become highly profitable and cash rich. The company’s performance follows its over 100% rise in orders from MOD, Siemens, Bombardier and Hyundai Rotem along with higher number of contracts from its existing and new customers. Petards received orders worth £3m after a five-year framework deal with Siemens Mobility for the supply of Petards train related products and services. Further, the company plans to avail new opportunities in its relatively small scaled division of Emergency Services. We expect Petards’ second half to be in line with the market expectations largely due to the number of contracts, pre-orders and higher customer acquisitions. Given the above, we maintain our Speculative Buy rating on the stock."
8 Sep '15
It is remarkably cheap here. Foward PE must be circa 6 at this price. EV/EBIT must be below 9. Very healthy balance sheet with cash in the bank Very positive outlook Hint of acquistions Love it.
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