Petards Share Price (PEG)

New appointment - interesting detail about the new AI-enabled safety tech:

Https://news.railbusinessdaily.com/petards-rail-bolsters-team-with-new-appointment/

"Petards Rail bolsters team with new appointment

April 22, 2024

Leading provider of intelligent train technology, Petards Rail has appointed Calvin Fahey to the role of procurement manager.

Calvin is Level 3 Chartered Institute of Procurement and Supply (CIPS) certified and brings with him near a decade’s worth of experience within procurement-related roles.

In his role at Petards Rail, Calvin will spearhead the company’s procurement team and processes, ensuring the timely and cost-effective acquisition of materials and services.

Petards Rail designs and delivers train technology to help companies within the rail industry maximise passenger safety, optimise train performance and meet ever increasing passenger and industry demands. Its technology includes forward facing and rear facing cameras, track debris cameras, an on-train camera/monitor system, Automatic Selective Door Operation, interior cameras and pantograph surveillance cameras. In addition, the company offers supporting services and a back-office software, eyeTrain Connect.

In the latter half of 2023, the company launched its PTeye solution which, incorporating the latest in AI-ready technology, was developed to prevent trap and drag incidents before train dispatch and, as a secondary safety measure, to detect drag.

At this time, the company also strengthened its team with the appointment of Jack Teichman to the role of rail engineer. An experienced mechanical design engineer, Jack joined Petards Rail having held a breadth of engineering roles such as product engineer, configuration engineer and outfit engineer, across a variety of industries including defence and electricals.

Speaking of his appointment, Calvin said: “I am thrilled to join Petards Rail as procurement manager. The company’s commitment to customer service and developing high-calibre intelligent rail solutions, made it an easy decision.

“I enjoy using data to inform continuous improvement, be it cost reductions, optimising supplier relationships or implementing more efficient procurement processes. I am looking forward to applying this in my role at Petards Rail and contributing to the success of a dynamic company.”

Victoria Hodge, general manager of Petards Rail, said: “I am delighted to announce the addition of Calvin to the Petards Rail team. His wealth of expertise and dedication to quality and continuous improvement align perfectly with our company values.

“It is an exciting time for Petards Rail marked by our recent win at the SPOTLIGHT awards and the launch of our new lifesaving technology. It is great to have Calvin on this journey with us.”

With decades of experience in the rail industry, Petards Rail has worked with organisations throughout the sector, from rolling stock companies to train operators

Perhaps a little buying has been coming in on the back of the overnight news that the UK's largest train factory owned by Alstom (a PEG customer) has been saved with a government order of ten commuter trains...

Https://www.express.co.uk/news/uk/1889256/alstom-train-manufacturer-saved-transport-secretary-deal

Interesting ..... do we know anything about Mr Lobbenberg?

This morning's RNS shows yet another new major shareholder who's been buying and now has over 3% - John Peter Lobbenberg has 3.2%, or 1.82m shares:

Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Holdings-in-Company/93343492

Hybridan have a new note out today.

They forecast a £0.3m operating profit this year, or 0.9p EPS, with a £2m cash pile against the current £4.4m m/cap.

They have an interesting paragraph in particular re QRO:

"We believe that QRO Solutions will pursue growth opportunities in ULEZ (ultra low emission zone) charges and car parks in the UK and perhaps expand its footprint to overseas markets."