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j1osf Looking at the historical share price chart there doesn't seem to have been a consolidation, and it's likely you would have received a new share certificate also. They usually happen when the Share Prices get into the fractional (.1p etc) share price levels. However they were trading around 100p back then.
I purchased some shares in Petards group back in 2005. I put the certificates in a draw and forgot about them. Does anyone know if there has be a share consolidation since then?
Someone will either bid (needs to get acceptance from the Abdullah’s) or they will make a well priced strategic major acquisition.. it may take a year or two… but it will be a stable investment…
Pete, Yes TTG looks interesting. If only Petards could reach a similar market value, but it seems to be forever stuck at the start line, though financially it's in really good shape. I'm surprised a bigger outfit hasn't bid to take over Petards.
Nick
TTG will announce half-year results
on 4th August
Nick
Just bought a few more.
Love this little company.
Very thinly traded - expect some good results.
Won't stay low for long.
Interim report coming up 23rd Sept, so not too long to wait for news either way. Would be great to hear of an additional contract win meanwhile. Some large buys came through yesterday, not sure if someone had arranged to sell (hence the markdown)as nothing has come through yet. So added a few hoping there aren't many left on the cheap.
Hybridan also issued a research note after the recent results.
For this year they forecast 1.05p EPS, £1.58m EBITDA and £0.6m PBT.
The gross cash pile increases to £2.7m, i.e 40% of the m/cap.
They conclude:
"Petards also continues to review relevant acquisition opportunities and retains a strong discipline when it comes to agreeing fair value. Meanwhile shares in Petards trade at under 0.5x forward revenues, 10.7x earnings and an EV/EBITDA multiple of just over 2.5x which in our view offers compelling value."
This is interesting:
"Petards notes that the Petards Virtual Technology Centre has been successful in providing a focussed technical forum to drive forward the Group’s product development plans. Petards is presently trialling with a major train operator, an artificial intelligence and machine learning solution which utilises Petards’ existing technology. If successful, this on-train solution would provide rail operators with the potential for real time data analytics to identify on-track hazards and safety improvements to their rail networks."
i'd like to ask you something about spread, tradingview show the price 12,8p but when i try buying this shares ig sell 13,11? Do you think is that normal, how can i buy this share same price on tradingview, i dont have level2 console so i am not able to see how many shares there on precise price level..
Petards Group PLC - Guildford, England-based developer of security and surveillance systems - Swings to pretax profit of GBP502,000 in 2021 from loss of GBP1.2 million in 2020, as revenue increases 4.6% to GBP13.6 million from GBP13.0 million. Says trading since December has been slightly ahead of management expectations, but this currently is thought to be the result of the timing of orders rather than a better performance. Deliveries of GBP8 million already secured for 2022, confident of further progress.
Current stock price: 13.40 pence, up 19% on Thursday
12-month change: up 14%
By Elizabeth Winter; elizabethwinter@alliancenews.com
Should be above 18p
IMO
WH Ireland say this morning, "the nature of the pipeline of tender opportunities has changed resulting in the shortening of the order book". So the additional shorter-term, higher margin contracts which PEG are winning don't bulk up the long-term order books since they're fulfilled much more quickly, but they do enable the Rail division to continue in a steady state whilst QRO achieves record revenues and profitability.
WH Ireland forecast £0.6m PBT this year (up from £0.5m last year), with 1p EPS.
They note that the cash pile at Dec'21 was £1.9m pre IFRS, which they forecast to rise further to £2.7m at the end of this year - 36% of the £7.4m m/cap.
They see 13.5p fair value presently on a P/E basis, which imo is short-sighted as it completely ignores the £1.9m cash pile.
On an EV/EBITDA basis, PEG are on a multiple of just 3.7, which more accurately reflects the value.
Today's narrative explicitly points out that PEG have been looking for acquisitions which han't panned out yet. This could bring in an instant £100k-£200k of profit uplift or added value, so the cash pile should not be left out of the equation.
Agree that results are good, much better control of costs and working capital than was the case in previous years. Company should be debt free by end of next year. Acquisitions are looking unlikely and so it is slightly disappointing that no mention was made of capital returns to shareholders. Hopefully there will be more on this at the AGM.
Terrific results today from this £6.5m m/cap company considering the pandemic.
EBITDA was £1.53m - up from £0.32m.
The cash pile is up to £1.5m - almost a quarter of the m/cap. Operating cash inflows were £1.53m, with £0.75m cash inflows from operating activities.
Note that almost the entire £0.6m R&D was written off against profits this year, so the profit performance is even more praiseworthy.
And performance to date this year has been ahead of expectations too.
PEG are right to caution against over-optimism on this front given the hiatus in large projects from the GBR formation, But it's obvious that QRO is booming, Defence and RTS are doing well and the core rail business is ticking over nicely.
Imagine what PEG might achieve once those larger projects start to return.
Great to see both the rail business and QRO selling internationally now too:
Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Final-Results/88015374
Petards is also expected to shortly produce its 2021 annual accounts showing a return to profitability. A recent large buy-back and cancellation of its own shares demonstrates that the company has a strong balance sheet and that its Board considers the shares to be materially undervalued."
Awaiting results (potentially profitable)
Chelverton Growth Trust, which owns 3.54% of PEG (worth £210,000), reported their interims late last week.
They had this very bullish comment about PEG:
Https://www.investegate.co.uk/chelverton-grwth-tst--cgw-/rns/half-year-report/202204141512224691I/
"Petards is also expected to shortly produce its 2021 annual accounts showing a return to profitability. A recent large buy-back and cancellation of its own shares demonstrates that the company has a strong balance sheet and that its Board considers the shares to be materially undervalued."
Could be good times coming for PEG's Defence business given the current climate:
Https://www.petards.com/our-solutions/defence-services/
Customers include BAE, MOD, RAF, Royal Navy, Leonardo, NATO.....
Huge HS2 contract news overnight - both Hitachi and Alstom are PEG clients:
Https://www.thisismoney.co.uk/money/markets/article-10294021/HS2-signs-2bn-contract-Hitachi-Alstom-54-trains.html
"HS2 signs £2bn contract with Hitachi and French manufacturer Alstom for 54 high-speed trains
By Daily Mail City & Finance Reporter
Published: 21:54, 9 December 2021
HS2 has signed a £2billion contract with Hitachi and French manufacturer Alstom to build 54 high-speed trains for the controversial rail line.
The trains, which will travel at 225 mph and be the fastest made on British soil, will be manufactured at the Japanese multinational ’s plant in Newton Aycliffe, County Durham, and finished at Alstom’s sites in Crewe and Derby, supporting 2,500 jobs...."
Thomas Charlton previously had 3% and has added around 725,000 more shares AFAICS, now having 2.45m shares or 4.33%.
Note that he was a Managing Director at Merrill Lynch Investment Managers, so should know his onions:
Https://relationshipscience.com/person/thomas-william-george-charlton-3285912
Yes, though they used shareholders money to buy shares to hand out to directors or employees for future awards? Any idea of how these future awards are to be given in terms of achieving performance targets?
Would prefer some director buying to boost confidence. Does seem decent value at this level, but so does everything I buy and then often goes lower still. An interesting product base in this company.
A buyback of 1m shares at 10.25p. Quite a gesture of confidence from this £5.9m m/cap:
Https://uk.advfn.com/stock-market/london/petards-PEG/share-news/Petards-Group-PLC-Transaction-in-Own-Shares/86678443
Oh dear - reading it properly it's a late notification from 2020 which never got released :o)) Note to self to always read down to the bottom of the RNS....
I suppose we can at least draw some confidence that Perloff has retained his increased holding through the thick and (largely) thin since then, with hopefully some further thick coming soon.
Hmmmm....Andrew Perloff has been buying. He's bought another 500,000 shares via the Maland Pension Fund, and now has 3m shares, or 5.2%:
Https://www.investegate.co.uk/petards-group-plc--peg-/rns/holding-s--in-company/202111091456488412R/
Here's a brief Perloff biography. Not one to waste large sums of money I'd have thought.....
An enterprise value to ebitda ratio of just 1.8 means that the share price could double and they would still be cheap. Yes, let's hope for some follow through.