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Any thoughts on merger/takeover with these, bearing in mind recent comments regarding warrants?.
Not me, but it probably explains why the market has been absorbing stock. It would be nice if it was a director. I'm over 1% of the company already, which I dont like to be, as you end up having to make Rule 8 disclosures if there is any approaches, but I might take a few more if it is a director.
250k buy director or Tilton I wonder lol
Hold your breath lol. Don't take it literally though
Cameron speech "in the last quarter employment has been growing fastest in the north east"., hope Petards are doing their bit....
600k - £1m http://www.government-online.net/tender-supply-vehicle-based-anpr-system/
http://www.bizjournals.com/sacramento/blog/morning-roundup/2015/01/siemens-light-rail-san-francisco-muni.html Petards, the AIM quoted developer of advanced security and surveillance systems, announces that it has signed a framework agreement (the "Agreement") to supply Siemens Sector Infrastructure and Cities, Rail Systems Division ("Siemens") with Petards train related products and services. The Agreement is for an initial five year term renewable annually thereafter and covers the world-wide Siemens business whose portfolio comprises the entire Siemens rail vehicle business ranging from locomotives, commuter, regional, intercity and high-speed trains, metros, light rail vehicles and automated people movers to passenger coaches for inter-city rail service and electric bus systems for cities as well as related services and maintenance.
Interesting to note that WIRE not only came off the offer yesterday, but indeed joined the bid. Equally pleasing to see that sellers have been mopped up this morning, with no damage to the price.
Good to see a tick up already today on a buy of just 1,000 shares :o)) Hopefully the run up to the results in March will be good, now that we know PEG are on track for 1.8p EPS and a P/E of 6.5. Graham-wales, market expectations are for that 1.8p EPS and £0.6m PBT, against a current 11.75p share price. The core results themselves should now show that PBT of £0.6m compared to a loss of £0.7m last year, so this huge improvement in reported numbers may well in itself provoke a very nice re-rating.
What were they anyway?
15x earnings is incredibly generous. Given the history of the company and management, I would say 10x is more than enough until they earn a better rating.
so if full year "pbt is expected to be in line with market expectations" of £0.7m, then on a basis of 15 x earnings = mcap =10 undervalued no ? expecting cash and order book to be similar to half year http://www.digitallook.com/equity/Petards_Group
A step in the right direction. With 20 million on the order book we should at least be covered for 2015. All we need is a couple of nice contracts to move us forward with the SP. I am the first to moan so give credit where credit is due at least they have given us an up date and hopefully keeps us a bit more informed in the future.
They must have picked up some other smaler work to have maintained that order book. They were £20 million in the interims and only picked up £2.5 million worth of orders since.
Agree mate great news. I think the board have been reading our comments about communication. IMO this is a sweetener before a contract announcement so there will be no dispute about conversion to profit.
Excellent news - trading is in line with expectations, which means 1.8p EPS has been achieved: A historic P/E of only 6.5, together with a sound Balance Sheet, surely means PEG is much undervalued at these levels. And evidently margins were very good since the numbers were made on slightly lower revenues than forecast.
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. Raschid Abdullah, Chairman of Petards Group plc said: "It was pleasing to close the year having secured significant contracts from both Bombardier and the MOD, that were announced on 22 December, adding to the Group's strong forward order book which remains in the region of £20 million."
Not long now, wonder what european contracts they will win over the next couple of months. http://www.ft.com/cms/s/0/972f7360-89fa-11e4-9b5f-00144feabdc0.html#axzz3OWLehobi 270 carriages in the bag another 600 to come. Plus a framework contract. http://www.thejournal.co.uk/business/gateshead-based-petards-secure-multi-million-hitachi-6068064
Cheers Graham …….. I’ll catch up on the recent news flow over the weekend.
Revenue sounds about right and reckon they should have a current order book of around £16 million. So couple more contracts to maintain a £20 million book required.
Just taking another look at this as Paul S mentioned it the other day ……. It looks like the estimate for the year just ended is for £15m in revenue and EPS of around 1.7p per share, does that sound about right? http://reports.stockopedia.co.uk/1081957/gb/Petards_LSE_1081957_20150108.pdf
http://www.thejournal.co.uk/business/business-news/hitachi-starts-shipment-trains-uk-8404864 Wonder if they have fitted the cctv yet
Paul, All that will happen is you will get some more short-term punters in, who will get bored and sell within days/weeks. What we need is long-term investors who have confidence that the corner has been turned, and that can only be achieved by the company delivering on it's potential. Getting a strategic investor to take a stake would also be helpful, but with the size of the company, and it's history, I do not hold much hope of seeing any institutional interest. Until we see any of the above happen, we will be governed by short-term traders.
Think we need info from company to move this at the moment. Think most are aware of the potential here but need an update from the company as to how things are going. But good thought.
Maybe I'll give riddler a shout and see if we can get a piece onto VTM or SP. Would anyone be up for helping me writing it if I can get a slot?