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Who is ST?
ST has cost me lots with lots of duff tips including BATM.
Agree.
Averaged down today, hoping that the 6mth POC that commenced in June will have a positive update shortly.
Fingers crossed.
What is it with this share, it seems to do nothing but go down..
Must be one of STs worst tips ever. Shocking.
Today's H1 numbers are pretty decent for a £10.7m m/cap company, with $1.87m EBITDA and a very small profit.
But it seems evident to me that PTRO have now been turned around and are on an upwards path.
Recurring revenues are at almost 60%, new customers are being won, the company are entering new sectors like financial services, and the AI/tech is being monetised in new ways.
This year's revenues are almost in the bag, and $6m of next year's revenues are already visible.
Things are looking up.
It isn't a dog Archy. The sp got well ahead of itself 3 years ago and has lost 70% of its value but keeps delivering new contracts. This is one of my biggest holdings and I'm happy to keep topping up until it delivers. Should also be a hedge against a falling pound.
Maybe this isn't the total dog it appears to be (long suffering holder here).
Looking for an exit point on this but need to get back to 40p to break even :(
Another $600,000 of change request income reported today.
2022 revenue visibility is now up to $8.5m, so with forecasts at $9m for the year and 3.5 months still to go, there must be a good possibility that forecasts will be at least met and potentially beaten:
Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Contract-Wins/89043759
"Commenting on this win, Subash Menon, Managing Director and CEO said, "We are continuing to experience significant momentum in our business and are confident of generating further growth in the foreseeable future."
Just far too cheap....Great future for this company.....
Helps explain the sudden jump on share price this morning, which I'm delighted to see...hope this is the start of a climb back up!
Excellent $1m contract win (over 3 years), importantly with a new telco group customer and in a new market (the Middle East) for this £10m microcap.
And it sounds like there's potentially a lot more to come from this customer:
Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Contract-Win/88799412
"Contract Win
Pelatro Plc (AIM: PTRO), the enterprise Customer Engagement Hub software specialist, is pleased to announce that it has been selected by a Middle East telco (part of a wider international group) to provide its mViva Campaign Management and Loyalty Management Solutions. The initial value of the license contract is around $1 million (payable over 3 years). With this win, revenue visibility for 2022 stands at around $8 million.
Subash Menon, Managing Director and CEO commented, " This win marks the entry of Pelatro into a new telco group with operations in multiple countries. We are confident of leveraging this win to expand within this group in the coming years. Further, this is the first win for us in the Middle East and will help us spread in that lucrative market."
Contract wins seem to have been quickly forgotten in the retrace. More will come. This is heavily underpriced on a m/c of £10mill. Buying opportunity
Encouraging statement to hear based on figures that do not take into consideration the significant contract (last RNS) that will hopefully come through later in the year
An encouraging AGM statement today, with optimism that full year trading will be in line (it's too early to be saying "ahead").
In particular, ARR is up from $4.8m at the year end to $6.8m now, along with the number of customers rising to 25 and non-telco prospects looking bright.
It seems that this company is at last on the right path.
Potentially huge news today - mViva to be provided on a Proof of Concept basis to a new "large global telco" customer, with $4m per annum of recurring revenue on full rollout assuming it moves forward.
Transformational if so, and presumably likely to go ahead after the 6 month trial based on past experience (and the fact that PTRO are publicising it)....
Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Contract-Win/88407198
Good to see Evil Knievil commenting positively on PTRO overnight:
Https://masterinvestor.co.uk/evil-diaries/evil-diaries-stay-on-the-booze/?mc_cid=8545a8c93d&mc_eid=db9f9bbaf2
"Pelatro (PTRO) for which I paid 60p originally got down to 20p through the market reckoning that the story is delayed. Well, I rather think it is picking up pace now. This is a buy at up to 40p."
no, true. we managed to turn the red to blue in the end!
not many finished blue today!
frustrating day to release such good news
This may be a Reach RNS today, but as PTRO say, it's certainly "significant".
A $1.5m win securing income - initially - for 3 years, and a first customer outside the telcos, in the highly rewarding fintech space. With "a number (of others) now having expressed interest in our product".
Excellent news:
Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Significant-new-contract-win-in-non-te/88343871
Worth watching:
Https://www.investormeetcompany.com/investor/meeting/results-2021
Interesting to hear that PTRO expect to gain 5 or 6 new telco customers this year (against the 3 last year) and are already in the contracting stage with 3 of them. I assume this week's announcement is the first of those.
Gleach23 elsewhere summed up the presentation nicely (hope he doesn't mind me copying here):
"Very reassured after watching the IMC presentation with Subash Menon his usual bullish self but with apparent justification imo. Such a better platform than Proactive.
The SP appears to have suffered since last Nov from a dearth of news, primarily a lack of contract win announcements (Covid inhibited) and the extended wait for results which caused the SP to drift so much.
As he says this is such a better quality outfit since 2017 when it floated. The SP can move fast and I'm expecting positive momentum to build throughout the remainder of this year on the back of imminent contract wins in the existing telco space and an initial win or 2 in mobile advertising. This on the back of revenue projections heavily underpinned by the successful switch to the SAAS model and a switch of broker from Cenkos to finnCap."
Up every day at the moment. Back to the 40p placing price? Looks like it
All about sticky contracts and building revenue. I see Evil trying to get his average down from 62P recently. So it wasn't him selling!
A small but encouraging contract win announcement, as this is a new customer, and in the African market too.
Interesting comment also from Subesh re new customers:
"we are confident of adding several more in the year"
Https://uk.advfn.com/stock-market/london/pelatro-PTRO/share-news/Pelatro-PLC-Contract-Win/88244983
I watched the investor meet yesterday, one thing which they didn't seem keen to discuss was this $2.5m in capitalised development costs. Does anyone have any info on what this is expected to be for this year?