I had more invested here than any other share in my portfolio for the past fifteen months and Sold everything over the past week and came out about level.For some unknown reason this share has not performed as it should have done having turned round a substantial loss into a profit over the past trading year. There are a lot of good companies on AIM very similar to this but people want to be a millionaire overnight so will always follow the money. That money is
mostly invested in the top ten on the boards and a lot of investors invest blind without any research on the hope they
can make quick money going from one share to another. I may invest here again but even with another large contract
this will rise and fall just as quickly IMO but good luck to all those that are still here and I hope that is not the case
Petards posted on the 12th Jan "The groups profit before tax for the year ended 31.12.15 is expected to be in line with expectation" Once we get these out of the way and another contract under our belt i would be disappointed
if the share price hadn't increased significantly.We may also have a clearer picture of our mark up against what we achieved on the first six months trading or if it has stayed the same.
PFS Downing seeks to achieve capital growth by investing in a concentrated portfolio of between 25-30 UK smaller companies (Typically those with market capitalisation between 20 million and 150 million.The fund aims to out perform returns from other UK small cap equity funds by selecting investments that the investment manager believes are UNDERVALUED by the market. Diligence is focused on identifying companies with sustainable completive advantages run by competent and aligned managers at an entry price that provides investors with a defined margin of safety.
Like Tiltonby I wonder how many more they will purchase in the future.They obviously like most of this board contributors think that Petards is undervalued
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.