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well PFS who have a good history of finding undervalued companies have done far more due diligence than any of us, and they won't be short term in here and are currently on a loss. I'm not sure how a company that has gone from a £2.2m loss in 2013 into their biggest profit in 5 years in 2014 with a healthy order book and cash in the bank can be seen as a disappointing result
I thinks it's rather sad that some of us long termers have left. I'm sure there will be a new crop of LTHs here and I'm sure it will do well for them. My main concern was that if we don't keep up the momentum of new contracts the order book will slowly deplete as completed contracts drop off the end. On the other hand it has the potential to claim some big contracts. I just hope they become more agressive with their approach. Plenty of competitors out there. PEG should be the front runner
I sold when the results came out was very dissapointed with them and just seems they are doing enough to pay wages. Very little profit and with workbank remaining the same can see the same result at the end of the next financial year. For me they need to be more aggresive in the market and expand otherwise when they have a bad year they will not have built up sufficient funds to prevent even further dilution. Not sure I would come back after 2 years of waiting. Moved on and never look back.
I had more invested here than any other share in my portfolio for the past fifteen months and Sold everything over the past week and came out about level.For some unknown reason this share has not performed as it should have done having turned round a substantial loss into a profit over the past trading year. There are a lot of good companies on AIM very similar to this but people want to be a millionaire overnight so will always follow the money. That money is mostly invested in the top ten on the boards and a lot of investors invest blind without any research on the hope they can make quick money going from one share to another. I may invest here again but even with another large contract this will rise and fall just as quickly IMO but good luck to all those that are still here and I hope that is not the case
As I have pointed out before, the shareholder list is full of very loose, or short-term holders. Even Downing taking the stake they did, only mopped up part of that loose stock. A broker that does SFA doesn't help either. Time for the Directors to step-up to the mark! I'm not holding my breath.
It's probably due to boredom. I think many have been selling down their holding to move to pastures new as the SP has not performed as expected. If only AIM was fair hey? Plenty of P.O.S companies making huge gains in the SP where PEG, who are actually turning a profit are in the doldrums. It is not a 'sexy' area so people are not attracted to it so the liquidity is poor. I did sell out recently (for a small profit, should have been more) on the last rally as the interest has just not been there and thought it would drift. I will be back in at some point and I will keep my eye on contracts etc. If I miss a 'boom' then so be it, but as I lost some confidence here it was worth risking my cash elsewhere. atb
beats me - perfectly good results, wouldn't surprise me if the sells were buys to let somebody in. wtfdik
Some big sells over the past week, not looking good...anyone have any ideas why people seem to be bailing out here?
Siemens order http://www.expatica.com/de/news/country-news/Siemens-lands-17-bn-euro-train-contract-in-Germany_467853.html
share is nearly as boring as the rest of my shares :-)
big piece of pie , one would guess that rail is high on the governments agenda
7 billion for transport development in the budget Lets hope some of it feeds back to Petards customers
talking of general short termers, a couple of obvious ones from yesterday who look like they have bought and sold for a loss within a day 11694 bought at 12.75 yesterday and sold for 11.75 this morning, nice £130 loss 6965 bought at 12.64 yesterday and sold for 11.75 later in the day at 12.00, nice £50 loss you couldn't script it
There appears to be a significant amount of loose stock around, most likely from the placing in late 2013. Conversion of some of the loan notes has also been a contributory factor, as has the general short-termism of other "shareholders". I had hoped that Downing would have taken up much of the slack, but we may need another institutional shareholder to come in, and take a few more. In the short term I think the right price is somewhere between 11-15p. Anything higher will probably need another large contract.
Just topped up at 12.01 and showing as a sell. Hard to see a reason this will not re-rate during this year following managements turn-around in attitude.
http://www.iii.co.uk/articles/229745/undervalued-petards-returns-profit
ah the voice of reason has turned up, undervalued but the market doesnt seem to recognise it (yet). pfs downing bought in recently and they have a habit of finding undervalued shares
nice write up in iii today regarding PEG being under-valued and returning to profit.
just saying , there is hope for the taffs !
Scotland are terrible yet again. Will be 20+ points diff i reckon for Ireland.
Ireland are not a shoe in to beat Scots tho !
that's how i see it too - although England playing last may help them
Well he did have a vested intrest in keeping England's hopes alive. Unfortunatley France have a spring in thier step again so think Ireland may take the crown this year. Can't see wales getting 50+ points against Italy.
should be a great last w/e in 6 nations , thanks to Wayne Barnes allowing the taffs to beat the paddies
lol