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Great posts. I agree. I love this stock. I'm 130% up so far and I think it has a long way to go. Good luck all
Thanks Rivaldo, interesting post.
Interesting new note out from Hybridan following the £823k ANPR contract win, including this extract:
"To put this in context, when Petards acquired QRO in 2016, it was turning over £1.8m. This contract builds on an exceptional first half for QRO,whichhas been growing its Traffic Technology product portfolio through both technology acquisitions and in-house development. Revenues from systems and support services were up by 34% and its profit contribution to the Group was up threefold on the same period in 2019. These increased revenues came from both systems supply and from service and support activities, primarily in support of UK Police Forces.
In H12020, QRO expanded its facilities at its Northamptonshire site to support this and future growth. In the National Police Chief’s CouncilAutomatic Number Plate Recognition (ANPR) Strategy 2020 –2024, one of the strategic aims in respect of intelligence developmentis to ensur eANPR is embedded as a core intelligence product throughout law enforcement.
This was reflected in a statement by Northamptonshire Chief Constable Nick Adderly commenting on the project to more than double the size of the force’s ANPR network. Beyond main arterial routes, cameras will be fitted in less obvious locations effectively creating a ‘ring of steel’ around the county.
QRO is well placed to win business from other UK police forces and has in place framework agreements with the Cheshire force and a joint one with Thames Valley and Hampshire. Other forces across the UK have also placed orders with QRO under these agreements. There are also attractive opportunities in the private sector for ANPR. The deal earlier this year to bringthe NASBox solutionin house, gives Petards an edge across all sectors and the potential for margin enhancement. NASBox creates a fully compliant and cost effective roadside ANPR system when interfaced with commercial off-the-shelf cameras."
"Today’s contract announcement significantly adds to next year’s order book for the Group. The order book was last reported in October at £12.3m,with £6.9m scheduled for delivery in 2021, more than the current market cap of the Company. The diversity of the Group’s business combined with an increased focus on cost controls, leaves the business well leveraged to increase profitability from their current levels."
.....and curtail my speeding!
Is it worth it?! :)
This time for £823k for ANPR camera infrastructure which will nicely benefit the upcoming H1'21:
Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Contract-win/83858883
Agreed waveydavey - good to see some follow through momentum in the SP
@rivaldo I think you're right! If you look at the 2 x 50,000 buys yesterday lunchtime, that was me trying to buy 100,000 and being denied. I'm not going to make insane predictions (£1 by Xmas, etc!), but I can see this share returning to pre=profit warning levels of 16p by early 2021.
Good to see the share price rising 0.375p after just a £2k buy. Stock must be pretty scarce.
More good news for PEG, following on from last weeks announcement. Lets hope there's some follow through as nothing came to fruition in the SP following last weeks contract win announcement
Another contract win, this time with Bombardier, "as part of a GBP55m upgrade programme" and bringing secure income through 2021-2023...looks like PEG are on the up again:
Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Contract-win/83499972
Hybridan have issued a new note after yesterday's contract win - they conclude as follows:
"it is pleasing to see Petards at the centre of an upgrade and refurbishment programme. Indeed the retrofit market for surveillance and other eyeTrain functionality such as Automatic Selective Door Operation(ASDO) is an area where we see greater opportunity for the Rail Technology division in the short to medium term. eyeTrain has been Petard’s main growth driver over recent years and it remains at the front of the queue for major rail fit outs in the UK.
Meanwhile some of the more recently acquired businesses and assets serving Rail Network Infrastructure (RTS) and Traffic Technology (QRO and NASbox) are starting to deliver some very strong growth figures as shown at the recent interims.
We believe that Petards is well placed to drive profitability as it rationalises its cost base and focuses on higher margin business. Assuming H1 adjusted £337,000EBITDA can be repeated in the current period, Petards is trading at an EV/EBITDA multiple of just 4.3x. We believe that profits and the rating should respond well to any recovery in top line growth at Group level."
Now up almost 27% today.
Agreed NorrisCole. The m/cap is just £4.46m, with £1m+ in the bank. The order book is strong. It wouldn't take much in the way of decent news flow to see the m/cap double to £10m.
Good win for Petards. You'd have to think that all the bad news re rail contract delays/uncertainty is baked into the current share price and the only way now is up. This was trading in the high 20's a couple of years ago.
Very nice £1.3m contract win (and actually "in excess of" £1.3m) for a now £3.7m m/cap company which has £1m net cash:
Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Contract-Win/83453342
A good start to 2021 too, alongside the already pretty strong £12m order book.
... yesterday at 1407 was mine, and a BUY.
Increase in cash is very welcome. Looking at the notes for current payables, it appears there is quite a bit of cash to pay out relating to restructuring (£170K) and contract liabilities but hopefully no further nasty surprises from the retrofit that went wrong. Company should be profitable at a lower level of sales in the second half. Big unknown is the amount of a new train build going forward or whether the company will take on any retrofit work. Can't see what is going to move the share price though unless bid comes in or the company starts a share buyback, both unlikely in my view.
I look forward to the announcements of new contracts in the coming months, and an improvement in the current low share price.
For example Petards' eyeTrain systems which continue to be the system of choice for train operators. Other sectors of the company will also hopefully enjoy new contract orders for completion during 2020 and beyond, and boost profitability of Petards going forward.
In my opinion a SP of 12p+ would appear to be a more realistic target to aim for during the next 12 month.
7.20 - 7.45
deep sleeping - imho
seems undervalued
https://www.petards.com/final-results-year-ended-31-december-2019/
The UK Government has stated its commitment to further investment in the railways, law enforcement and security, areas in which the Group enjoys long-standing customer relationships. This together with the Group's order book at 31 May 2020 of over £13 million, provide the Board with confidence for the Group's future prospects."
he posted -
This should pick up when people realise the opportunity here.
Developed by Petards, the eyeCraft360 is the world's first military grade 360 spherical view camera system. It dramatically improves local situational awareness for armoured vehicles and provides a welcome boost to crew safety by reducing blind spot distances.
Serving soldiers in heavy armour, light armour and mounted infantry roles put the eyeCraft360 through its paces across a wide range of challenging terrains, light conditions and tactical exercises.
The eyeCraft 360 was developed as a simple to install, rapid and cost effective capability boost for all in-service armoured vehicles in response to the growing need for improved close-range awareness.
7.65 -8.24
Existing deep under the radar
Expect re-rating - imho
Petards Group PLC - surveillance systems developer - Completed successful trials of "eyeCraft 360" spherical video system in partnerships with the British Army's Armoured Trials and Development Unit at Bovington.
Current stock price: 9.05 pence
Year-to-date change: down 38%
By Dayo Laniyan; dayolaniyan@alliancenews.com
World's first military 360 degree spherical camera technology successfully trialled by the British Army
Petards, the AIM quoted developer of advanced security and surveillance systems announces today that, further to the Final Results announcement on 18 June 2020, in partnership with the British Army's Armoured Trials and Development Unit at Bovington, its 'eyeCraft 360' spherical video system has completed successful trials.
Developed by Petards, the eyeCraft360 is the world's first military grade 360 spherical view camera system. It dramatically improves local situational awareness for armoured vehicles and provides a welcome boost to crew safety by reducing blind spot distances.
Serving soldiers in heavy armour, light armour and mounted infantry roles put the eyeCraft360 through its paces across a wide range of challenging terrains, light conditions and tactical exercises.
The eyeCraft 360 was developed as a simple to install, rapid and cost effective capability boost for all in-service armoured vehicles in response to the growing need for improved close-range awareness.
Raschid Abdullah, Chairman of Petards Group plc said; "We were delighted by the enthusiastic response the trials team gave to the system and look forward to it becoming an essential component in pursuit of the best available protection for the UK's military personnel and for other approved markets"