gretel
20 Jun 2017
Very big Bombardier contract win News today that Derby-based Bombardier have won a £900m train contract:[link] 750 cars this is "the largest AVENTRA train order ever".Let's not count our chickens yet - but there could/should be a lot of chickens to count 
))Particularly as May's contract win RNS was for AVENTRA trains too:"The new contract, which is worth £3 million, is for the supply of Petards eyeTrain systems to be fitted to five and ten car BOMBARDIER AVENTRA Electrical Multiple Unit (EMU) trains to be built by Bombardier."
gretel
23 May 2017
New £3m contract win Another £3m contract win announced to Bombardier for this £13m m/cap company, bolstering expectations for the next few years. They just keep on delivering the goods....[link]
gretel
26 Apr 2017
Excellent AGM statement today [link] increased £21m order book- international expansion via the new Stadler customer and contract- QRO acquisition integrated well- encouraging to see the defence business at last getting potential orders from NATO and non-MOD customersAbove all, there's a very positive outlook:"The strength of the order book gives the Board confidence of a good outcome for the year"
gretel
21 Apr 2017
AGM is next Wednesday Good to see the share price climbing before the AGM trading statement next Wednesday.
Meanbugger
05 Apr 2017
Director selling Haha I bought a good chunk of the stock RA sold yesterday. I think maybe he was just taking advantage of the liquidity and market demand to take some capital gains before the end of the tax year. The stock is still well bid with the market makers with little on offer so I'm relaxed.
gretel
30 Mar 2017
Re: RNS : big new contract win Hybridan pointed out in a new note yesterday that:- new client Stadler have recently won a framework agreement with Hungarian operator MAV-Start for "up to forty 600+ seater trains". More work for PEG perhaps?- most of the Stadler contract will benefit 2018- PEG are still trading at a discount to their peer group- they see scope for a further re-rating "should the current run of contract wins continue"- they go for 2.95p EPS this year (2.09p fully diluted)- they forecast £2.8m cash at the end of this year
Global Nomad
29 Mar 2017
Re: RNS : big new contract win strong opening response from the market to some good news..up 12%.
gretel
29 Mar 2017
RNS : big new contract win Wow )) - a huge new £4.3m contract win - a big name new client - sales of the Door Opening systems as well as CCTV - adding to comfort in forecasts through to 2019This is a company on a roll:[link] "Contract WinPetards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Stadler Bussnang AG ("Stadler"
with its eyeTrain CCTV and Automatic Selective Door Opening ("ASDO" systems.The new contract, which is worth £4.3 million, is for the design, development and supply of CCTV and ASDO systems integrated into Stadler's FLIRTUK trains. Engineering activities will commence immediately with the first equipment deliveries starting in June 2017 and is expected that the project will be completed during Q2 2019.The equipment will provide the trains and the driver with enhanced capability in the areas of security and surveillance through CCTV coverage of both the internal and external of saloon areas combined with pantograph, forward facing and track debris monitoring systems integrated with our video management software. Additionally the ASDO system delivers improved passenger operations at stations where the platforms are shorter than the trains. Commenting, Petards Chairman Raschid Abdullah said: "We are delighted that Petards eyeTrain CCTV and ASDO systems have been selected by Stadler for their first UK Mainline Rolling stock contract. "This new contract provides Petards with another exciting rail project with a new customer, which significantly enhances its position as a leading provider of security and surveillance systems to the UK Rail industry and considerably adding to the Group's present order book for delivery over the next three years. "We welcome Stadler as a new customer of Petards with the integration onto their FLIRT platform. We are all thrilled about the potential of this new partnership with Stadler, a long established world leading train builder." About the Stadler Rail Group Established 75 years ago, headquartered in Bussnang, Switzerland and operating globally with 7,000 employees in 18 countries, Stadler is a system provider of train manufacturing and maintenance services. Stadler's range of products is comprehensive. It includes high speed trains, intercity, regional and commuter trains, trams, tram-trains and underground trains. Stadler manufactures dual mode locomotives, shunting locomotives and passenger carriages, and offers the most powerful diesel-electric locomotive in Europe. It remains the world's leading manufacturer of rack and pinion rail vehicles. Stadler's service division maintains vehicle fleets in 16 countries.In the UK, Stadler's Variobahn trams operate on the London Tramlink. Its Class 68 diesel locomotive is the most powerful to run in the UK, and the Class 88 dual mode locomotives are used on freight and passenger services. It has recently been awarded a contract to build electric and bi-mode multiple units for the new East Anglia franchise, part of the largest ever rolling stock procurement in the history of the UK, and is providing the vehicles for the Sheffield tram-train, the first of its kind in the UK. It is also part of the consortium supplying a new fleet of trains for the Glasgow Subway. "
Global Nomad
29 Mar 2017
RNS contract win Another UK contract win, with a Swiss train builder. Would be interesting to understand more about their international ambitions given that today is the day the UK has signed its divorce intention from the worlds biggest market.
gretel
27 Mar 2017
AGM update soon, plus news Today's RNS confirms that we'll get an AGM trading update next month - on the 26th April, so not long to wait:[link] I also note from today's Times that two of PEG's main customers, Bombardier and Hitachi, look like combining to build £2.75 billion of new HS2 trains - with another £2.5 billion of new trains set for London's new "deep Tube":[link] builders set for joint HS2 bidBritain’s two train manufacturers could team up to build £2.75 billion of superfast rolling stock for the High Speed Two rail project. With HS2 due to start canvassing soon for bids to deliver 60 225mph trains, each able to carry 1,000 passengers by 2026, Bombardier and Hitachi seem increasingly likely to pitch together for the contract. That would replicate the joint venture they formed to bid for the London Underground contract to build Tube trains in Derby and Durham for the Piccadilly, Central and Bakerloo lines.... ....The competition for HS2 bears similarities with the bidding for Transport for London’s £2.5 billion deep tube. Both are demanding all-new trains for unique environments, and will need well-funded bidders . Both also offer the chance to give a huge boost to renascent British train manufacturing."
gretel
17 Mar 2017
Gervais Williams buying more PEG RNS today - great to see Gervais Williams' Miton Trust buying almost another 500,000 shares, and going above 4% with 1.43m in total:[link] yesterday there was a 29,800 share buy at 31p near the close - a full 2p above the 29p published offer price.
gretel
15 Mar 2017
Beaufort increase target price to 34p Beaufort have increased their target price to 34p:"Petards Group (PEG.L, 28.54p) – Speculative BuyThe AIM quoted developer of advanced security and surveillance systems, reports its audited results for the year ended 31 December 2016. Revenues rose 17% to £15.3 million (2015: £13.1 million), while gross margin up to 36.3% from 35.2% in 2015, leading to an operating profit increase to £1,095,000 (2015: £935,000 profit) and profit after tax £910,000 (2015: £765,000 profit). Having generated £1 million of operating cash inflows (2015: £1.2 million), cash at 31 December 2016 was £2.3 million (31 Dec 2015: £2.5 million) with the Group holding no bank debt. It’s closing order book was £20 million (2015: £16 million), having grown by £8 million in the second half of 2016 with orders received from Siemens Mobility, Bombardier Transportation, Greater Western Rail, Hitachi Rail Europe and the MOD. Exports increased by 57% to £5.3 million and now comprise over one third of Group revenues. The acquisition of QRO Solutions successfully completed in April 2016 for net cash consideration of £239,000, contributing £78,000 to EBITDA before acquisition expenses.Our view: In light of the strength of the Group's order book, with some £12 million expected to be shipped and taken to revenue during 2017, together with on-going discussions with both new and existing customers for further projects, the market should remain confident about Petards’ prospects for 2017. Importantly, an improved gross margin also reflects the quality of work being undertaken. On this basis, Beaufort has now upgraded its 2017E and 2018E earnings forecasts, to 2.2p and 2.4p respectively, implying P/E multiples of just 13.4x and 12.3x. Year-end net cash should also build out to over £1m this year, even though working capital and capital expenditure demands remain high. Improving visibility now suggests the valuation gap with larger peers in the support services sector should close, taking it to around a 15.5x, or 34p a share, for the current year. Beaufort retains its Speculative Buy recommendation on the shares."
Global Nomad
14 Mar 2017
Re: Results today beat expectations LPA taking a bit of a hit today....
Meanbugger
14 Mar 2017
Re: Results today beat expectations Although I've known the company for over 10 years and RA for much longer, I've always given the shares a wide berth as a classic jam tomorrow stock. However when I read the results this morning I realised I'd missed an opportunity. Needless to say I called my broker and bought a few. On any measure these shares are cheap. I hope Chelverton will let some more shares go to allow us value investors to tuck in. It joins Touchstar and LPA in the electronic products for transportation section of my portfolio which has done alright.
gretel
14 Mar 2017
Results today beat expectations Very good results. EBITDA of £1.62m is well ahead of the £1.4m forecast, and EPS and revenues are also ahead of forecasts.Good to see the £2.3m cash pile, which should increase further given the adverse working capital movement in 2016.Above all, the outlook is extremely bullish: "In light of the strength of the Group's order book containing orders of £12 million expected to be shipped and taken to revenue during 2017, and on-going discussions with both new and existing customers for further exciting projects, the board remains confident about the future prospects of the Group for 2017."
