Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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well you're calling yourself the dopey one, and old fool calls him/her self an old fool, so take your pick !
WH Ireland this morning say Buy with an 18p target, noting as follows: "Prelims demonstrate continued progress Price 12p Target price 18p Petards supplies advanced security and surveillance systems to the Transport, Defence and Emergency Services markets. After a challenging few years, actions taken have both stabilised the business and positioned it for growth, with results in line with our expectations. 2014 proved to be a successful year for the group, securing a number of important contracts across both transport and defence markets with clients such as Siemens, Bombardier and the MOD. Of strategic significance was the five year framework agreement with Siemens announced in June, from which two contracts have already been secured. With the order book remaining at £20m, the visibility for the current financial year and beyond remains robust and the performance in the year to date is reported to be in line with expectations. As such, our PBT/diluted EPS forecasts remain unchanged and we maintain our Buy recommendation and 18p share price target...... .....Valuation undemanding Based on our forecasts, the shares currently trade on a FY 2015E fully diluted PER of 7.9x and EV/EBITDA of 3.7x. Given the order book visibility, we believe that these multiples significantly undervalue the business. As such, we maintain our Buy recommendation and 18p share price target."
A solid statement, but largely predictable. Should help put away some of the lingering doubts. The SP definitely needs to look up though, that's for sure.
idiot ? Graham or Threeputt ?
Bought into this one last week for a long hold after being out for a couple years. The transformation has been good and Raschid Abdullah's forward looking statement is tantalising for 2015 and beyond. Looking for an established uptrend in SP to be the net result. Happy to hold. Shame there is an idiot on the thread.
good call matey
turn around by Raschid Abdullah. Onwards and upwards:)
10 million expected in 2015 already going on that RNS, plus a lot of that is train work so higher margins!
You called the Results quite accurately, they look good to me. Had first outing of the year last week - see you soon.
Do you think they will ever be in a position to pay dividends?
happy with those results
Pleasing results, and a good statement. R & D spending down in the current year, so margins should be higher. No real negatives as far as I can see.
But needs to do better.
And that is all I have to say on that!
year ended 31 December 2014. Key points: · Operational o Order book maintained to close at £20 million (2013: £20 million) o Secured five year framework agreement with Siemens Mobility Division for the supply of Petards train related products and services under which over £3 million of orders received to date o Other significant orders secured during the year included: § Over £5.5 million for electronic countermeasure related projects from the MOD § Re-awarded framework contract by MOD to supply to it private mobile radio equipment, ancillaries and engineering support § Further orders from other leading global train builders including Bombardier Transportation and Hitachi Europe · Financial o Petards returns to profitability o Results for 2014 § Revenues more than doubled to £13.5 million (2013: £6.3 million) § Gross margin 30% (2013: 40%) reflecting higher defence-related equipment revenues § EBITDA £1.0 million profit (2013: £0.7 million loss) § Operating profit £0.8 million (2013: £1.3 million loss) § Profit after tax £0.6 million (2013: £2.3 million loss) o Finance § Generated £0.8 million of operating cash inflows § Cash at 31 December 2014 £1.4 million (31 Dec 2013: £1.4 million) and no bank debt § Convertible loan notes of £1.5 million maturing in September 2018 providing long term finance (31 Dec 2013: £1.5 million) § Basic EPS of 1.8p earnings per share (2013: 15.9p loss per share) § Diluted EPS of 1.4p earnings per share (2013: 15.9p loss per share) · Outlook o Over 50% of opening order book scheduled for delivery in 2015 o Performance in 2015 to date in line with management's expectations Raschid Abdullah, Chairman of Petards, commented: "I am pleased to say for the year to date the Group has traded in line with expectations and that it remains well placed to add to the achievements of 2014. The visibility provided by the Group's current forward order book and its pipeline of order prospects provides the Board with confidence that further progress will be made in 2015."
hopefully cash pile increased a smidge , was £1.5 m half year
reckon your t/o figure might be over egged - £7.2m at half year and expecting 1/3 of the £20m to be delivered in 2nd half, but they said in the recent trading update "The Group's profit before tax for the year ended 31 December 2014 is expected to be in line with market expectations, on slightly lower than anticipated revenues" so I'm supposing: revenue of £13m pbt £0.7m cash not got a scooby pipeline £20m+ pfs downing investing is a good sign, but then I'm a pessimist at heart
come on mate, stop slacking , best post something before Wales get their butts kicked today, as I know you taffs hate losing :-)
I'm expecting: Turnover £14.7m Gross Profit £4.0m Net profit £0.8m Cash £1.7m Pipeline £20m+ Would be good if they announced the MoD contract at £1.5m p.a. for 4 years as well. I'd also like to see something a bit more concrete on the acquisitions they've hinted at over the past 12 months.
Let's hope we see some movement in the shares once these have been announced, about time (upwards)!!!
Have trimmed it down a little lol.
quiet on here again I see , even Graham given up on the ramping , still, our day will come !!
Should see a positive upturn in the results and a steady progression in the SP over the coming days, weeks and months.
30,000 buys on ISDX today Good time for Downing to increase their holding!!