gretel
11 Oct 2016
Good coverage in today's Mail Nice coverage in today's Mail market report:[link] WATCH - PETARDS GROUPPetards Group makes security and surveillance systems.Yesterday the AIM-listed firm revealed it had won a contract to supply Great Western Railway in a deal worth around £6million.Petards will fit its eyeTrain CCTV units to the group’s trains.The technology aims to protect travellers and staff.The systems are already used on Virgin West Coast, National Express East Coast and First Great Western trains.Work is scheduled to complete by the end of 2018.Shares climbed 17.7 per cent, or 2.75p to 18.25p."
gretel
10 Oct 2016
RNS : £6m contract win! That's more than the company's entire £5.5m m/cap....fantastic news:The added visibility to revenues for both 2017 and 2018 is really encouraging.We should see further broker forecast upgrades, and this should initiate new levels for the share price:[link]
tiltonboy
28 Sep 2016
Re: RNS : Andrew Perloff buying more I met the Downing manager today who holds Petards. I asked her about the increased holding by Perloff, but she wasn't aware of his intentions. They are still very keen on the company.
gretel
28 Sep 2016
RNS : Andrew Perloff buying more RNS out - Perloff is now above 7%. Combined with Chelverton Growth Trust going over 5%, all rather encouraging:[link]
gretel
07 Sep 2016
Re: WH Ireland increase target price WH Ireland's core EPS forecast is 2.57p EPS, which leaves PEG looking extremely undervalued.And even using fully diluted EPS forecasts of 1.8p (fully diluted) from WHI and 1.9p from Hybridan still sees PEG on an extremely cheap rating imho given the order books and the likelihood of strong results both this year and next year.22p would be a good start anyway.Extracts from WHI's note this morning FYI:"PetardsInterims – another period of sustained progressPetards supplies advanced security and surveillance systems to the Transport,Defence and Emergency Services markets. H1 2016A results demonstrated anothersolid performance, with revenue ahead by 22.2% and PBT by 33.4%. Whilst theorder book fell by 25% in the six months to 30 June, in excess of £4m in new ordershave since been received. With the order book currently standing at £13.5m,visibility for the current financial year remains robust, with a good pipeline ofopportunities continuing to be presented. On the back of the results, we leave ourrevenue and PBT forecasts unchanged, whilst we increase our capex assumption totake account of investment being made. We maintain our Buy recommendation andraise our 12-month share price target to 22p (from 20p), equating to a PER of 12x.""We raise our share price target to 22p Based on our forecasts, the shares currently trade on a FY 2016E fully diluted PER of 9.8x and EV/EBITDA of 3.5x. Given the level of secured work, in addition to the pipeline of opportunities ahead, we believe that these multiples continue to undervalue the business. Following these results, we raise our share price target to 22p, still a c.20% discount to the sector PER multiple."
gretel
07 Sep 2016
WH Ireland increase target price Apparently WH Ireland have increased their target price today to 22p, leaving forecasts unchanged - for the moment - at 1.8p EPS Still far too cheap therefore at 17.25p.
gretel
07 Sep 2016
Excellent results today and with recent orders the order books have been restored to high levels.With £189k of amortisation, share-based payments and exceptionals, the adjusted profit is actually £664k, giving 1.9p adjusted EPS for H1. The fully diluted H1 EPS is 1.3p.Either way, it looks like PEG will certainly meet and likely beat 1.9p EPS expectations for the year.Plus PEG have £2m net cash.The QRO acquisition now looks ridiculously good at a net cost of just £239k.The outlook says it all: "Since the half year the Group has continued to trade well with new orders totalling over £4 million secured and with further business under negotiation for 2017 and beyond. With the strong results for the first half year and the current orders scheduled for delivery in the second half year, the board is confident that the Group is well placed to deliver full year results in line with market expectations."
gretel
02 Sep 2016
Ticking up, interims out soon Ticking up again - last year's interims were out on 8th September, so shouldn't be long now.A reminder that the AGM outlook was encouraging as follows: "I am pleased to report that trading in the first quarter of 2016 is slightly ahead of management's expectations with both revenues and results being above those for the same period in 2015. While still early in the year, it is encouraging that the increase in revenues is being seen across all of the Group's product areas." ""With a number of new order prospects currently being negotiated and strong backing from the Group's existing order book, the Board anticipates that both the first half year and full year results will show good progress against those achieved in 2015."
gretel
22 Aug 2016
Excellent news all round for PEG Great to see another big £1.3m Bombardier contract win for PEG:[link] also glad to see WH Ireland retaining their forecast of 1.9p EPS this year and not increasing, despite all the good news - this gives PEG a decent chance of being able to announce they're at least meeting and perhaps beating market expectations.Bombardier's huge £900m contract to build trains for Abellio (following Abellio's naming on August 10th as preferred bidder for the new East Anglia franchise) must give a great chance to PEG of winning big business here, as well as for the additional refurbishment of existing trains:[link] and Bombardier to supply trains for Abellio East Anglia franchise10 Aug 2016The Department for Transport named Abellio as preferred bidder for the new East Anglia franchise on August 10. The franchise is due to start on October 16 2016 and run until October 2025, replacing the current Greater Anglia franchise which is also held by Abellio.A £1·4bn investment programme under the new franchise is to include:Complete replacement of the current fleet, with the delivery of 1 043 new vehicles between January 2019 and September 2020. Bombardier is to be awarded a £900m contract financed by leasing company Angel Trains for the supply of 665 Aventra electric multiple-unit cars from its Derby plant. Stadler is to enter the UK mainline passenger rolling stock market for the first time with an planned order for 383 Flirt electro-diesel and electric multiple-unit cars. Refurbishment of 'many' existing vehicles ahead of the arrival of the new fleet.etc"
gretel
26 Jul 2016
WH Ireland forecast 1.9p EPS WH Ireland have retained their 1.9p EPS forecasts, which puts PEG on a current year P/E of just 7.5 at the 14.375p share price. Far too low imho.Good summary of all of PEG's recent progress and contract wins:[link]
gretel
25 Jul 2016
RNS : £1.2m+ contract win Nice additional £1.2m++ contract win for this £5.6m m/cap company today adds further to revenue visibility for both this year and next year:[link]
gretel
03 Jun 2016
Trading update due soon WH Ireland's latest forecasts are FYI: this year : 1.9p EPS (£0.9m PBT) next year : 2.0p EPS (£1.0m PBT)The next trading update (for H1) is due next month.
gretel
12 May 2016
New forecasts - P/E of 6.8.... Hybridan's latest forecasts are:this year : 1.89p EPS (£0.9m PBT)next year : 2.08p EPS (£1.01m PBT)On a 14.1p share price that's a P/E of just 6.8....
gretel
11 May 2016
RNS:Chelverton buy 500,000 more RNS just out - Chelverton Growth Trust have bought another 500,000 shares and now have 2m, or 5.7%:[link] Andrew Perloff's pension fund also buying more recently and going above 6% there's certainly some decent interest around in this £5.7m m/cap tiddler.
gretel
14 Apr 2016
WH Ireland increase targets and EPS WH Ireland have increased their target price to 20p.They've also increased their forecasts by 5.6%, and 8.5% over the next two years.That equates to around 1.8p EPS this year and 2p EPS next year.PEG is simply far too cheap after today's double whammy of good news imo.
