Ben410
29 Jan 2019
PEG at Mello London November 2018 Interesting presentation, thanks for sharing it
piw
25 Jan 2019
PEG at Mello London November 2018 PEG presentation at Mello London November 18 Sorry, a bit belated, waiting for sign off! A really comprehensive presentation by the Group Business Development Director. Complete with the audience Q&A. piworld.co.uk Petards Group (PEG) Presentation at MELLO London November 2018 Introduced by Osman Abdulah, Group CEO. Presentation by Paul Negus, Group Business Development Director Petards Group plc (Petards) supplies advanced security an
gretel
07 Jun 2018
Miton Microcap buy 4.67% Interesting - Miton UK Microcap Trust have picked up 1m shares sold by the Chairman (around 28% of his holding).Miton now own 2.64m shares, or 4.67%, and are one of the best investment funds around.Mind you, they paid 23p for them, so they're already doing pretty well.....The £10k director sale is completely immaterial and irrelevant. And the Chairman has sold a reasonable portion of his stake into institutional demand and increasing liquidity - which are good things. And he still retains a sizeable holding.
kracken
07 Jun 2018
Directors Unfortunately a bit of director selling going on and knocking the sp down.I know they have there own personal reasons for selling but it isnt good for the rest of us who are hoping for a decent sp rise.The trouble with peg is it never really gets going sp wise and floats around in the 20's and is getting a bit frustrating as held for a long time now.Here's hoping for a better future.
gretel
03 Jun 2018
Huge opportunities for PEG From yesterday's Times - huge opportunities for PEG from their partners at Bombardier and Siemens via the shake-up of the UK's railways:[link] announcement on a £2.5 billion deal to build 250 carriages for the Piccadilly, Central and Bakerloo tube lines in London is imminent. Along with the £2.75 billion contract coming down the line for the fast trains on HS2, Britain’s renaissant trainbuilding industry is set fair as commitments have been made to build here. The announcements will enable ministers to don the high-viz and shake hands with folk at Bombardier in Derby or Hitachi in County Durham. Or even better, if the contract goes to a continental like Siemens, the politicians will claim to have turned the tide of history and forced them to come to Britain to open a factory."
gretel
15 May 2018
WH Ireland raise target price to 34p Nice 50k buy at 26p has caused today's tick up.WH Ireland have a new Buy note out and have increased their target price to 34p (from 30p).They have been EXTREMELY conservative as regards new forecasts - and say so themselves. They've left this year's forecast at 2p EPS, and have raised next year's to 2.4p EPS.They also forecast £1.4m net cash at 12/18, rising to £2m at 12/19.They summarise as follows:"Acquisition of RTS Solutions; FY 2019E earnings raised 14%Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the Group has announced the successful acquisition of RTS Solutions for a maximum net consideration of up to £1.5m, satisfied in cash alongside a new £1.25m five year bank facility. The addition of the business not only broadens Petards’ portfolio of products in the wider rail market but has the added attraction of a high degree of recurring revenue; this at an historic PER multiple of sub 6x. The Board expects the acquisition to be earnings accretive in the first full financial year of ownership. We cautiously assume no impact in our FY 2018E earnings estimate, whilst we raise our FY 2019E earnings expectation by 14.0%, implying the shares currently trade on a lowly FY 2019E PER of 11.0x and 5.5x EV/EBITDA. Reflecting the change to our forecasts, whilst placing an inline Support Services sector rating to the shares would imply fair value of 34p (previously 30p)."
gretel
14 May 2018
Re: RNS: earnings-enhancing acquisition The acquisition should increase EPS this year to say 2.15p-2.2p EPS, and next year to say 2.4p-2.5p EPS.At 26p that's a pretty low P/E getting towards single-digits.And there's the potential for much more given the strong outlook for the global rail and defence counter-measures sectors in the next few years.
gretel
14 May 2018
RNS: earnings-enhancing acquisition Excellent - a sizeable and earnings-enhancing software company acquisition, adding around £300,000 of PBT, and with 50% recurring revenues too. Plus it's complementary to the existing business. Nice:[link]
gretel
01 May 2018
Chelverton Growth buying more PEG Chelverton Growth Trust have just issued their interims to 28th February. In it they have this to say about PEG, in which they now have £460,000 invested:[link] of these cash proceeds were used to re-acquire shares in Petards, taking the shareholding back to the level we had previously held. These purchases were however at much lower prices than the previous shares had been sold at. The company has just produced a very positive statement and the future prospects look good and the share price has started to recover strongly."
gretel
19 Apr 2018
Hybridan see 35p target price Hybridan have a 35p target price. They go for 2.15p EPS this year, with a closing cash pile of £2.5m.They note that earnings-enhancing acquisitions are firmly on the table.The following extract also stresses the potential for large £1m+ contract wins from the rail rolling stock boom from already existing customers:"The 2018 opening order book of £18m has been maintained and coverage of 2018 revenues from that order book and from the first quarter's revenues has now increased to over £15m. This gives 85% coverage of our FY Dec 2018E revenue forecast of £17.5m (+12.3% year on year). Our PBT forecasts for the same period are £1.2m. The Board has expressed confidence that the 2018 full year results will show further progress over those achieved in 2017.Petards remains in discussions for major new projects across all areas of the business. We are hopeful that some of these can be converted over the rest of the year although it is likely that revenue recognition would be weighted towards future periods. Further headway has been made with the MOD with the recent£1.1m extension of an existing support contract.Investment in new rail rolling stock continues, and there are a number of UK new builds where we believe Petards state of the art rail technology solutions stands a great chance of picking up seven figure orders.Bombardier, a Petards customer has been awarded contracts for over 1,000 vehicles in total for the South Western and West Midlands Railways. Other major contracts out for tender to train builders include South Eastern (800 vehicles), New Tube for London (3,000 vehicles) and HS2 (800+ vehicles). The good news is that the majority of likely contenders for these tenders are already Petards customers."
gretel
18 Apr 2018
Terrific AGM statement today - revenues trading ahead of management expectations- large forward visibility of revenues- confidence in this year's results[link]
gretel
27 Mar 2018
New contract win by Bombardier Bombardier have just announced they've won more business with TFL for £73m more AVENTRA trains:[link] have of course already won business for AVENTRA trains/Bombardier.
kracken
21 Mar 2018
Looking good Nice rise today at last, let's hope it keeps going beyond 30p
frusset
19 Mar 2018
Re: RNS: MOD contract renewal to 2021...... The RNS prompted me to do some research, and I bought a little. PEG looks cheap. I suppose there are risks in having loco-makers and the MoD as customers. I won't go on about it because I've only done a few hours research so far.
Global Nomad
19 Mar 2018
Re: RNS: MOD contract renewal to 2021..... bought back in on the news....and just wanted to keep gretel company...
