Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. The group has this morning released a yearend trading update, once again pointing to the challenging trading backdrop faced throughout FY 2020E, with revenue and customer orders impacted by deferrals and delays, most notably for eyeTrain, as well as to a degree in Defence. Set against these difficulties, QRO had a record year and RTS performed well too. Driven by the completion of pre
Companies: Petards Group plc
The software developer of advanced security and surveillance systems today announced a trading update for the year ended 31 December 2020. It has been well flagged previously that 2020 was a challenging year, particularly in respect of orders for eyeTrain technology to be fitted to new build trains. Whilst Petards expects a revenue reduction to £13m (2019: £15.7m), it expects a slightly improved result compared with the prior year at the adjusted EBITDA level (2019: £0.3m loss).
AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7 million by way of a placing of new ordinary shares in the capital of the Company. Timing TBC. Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, intend
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The software developer of advanced security and surveillance systems today announced that its wholly owned subsidiary QRO Solutions (QRO) has been awarded a contract worth £823,000 to provide Northamptonshire Police with an enhanced and extended fixed ANPR camera infrastructure on many strategic arterial and rural roads within the County. Delivery and installation will commence immediately with the bulk of the contract being completed in the first half of 2021.
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning the Group has announced a new contract win awarded to its wholly owned subsidiary QRO Solutions to provide Northamptonshire Police with an enhanced and extended fixed ANPR camera infrastructure. With a contract value of £823k, delivery and installation will begin immediately, with the majority of the contract due to be completed during the first half of 2021.
The software developer of advanced security and surveillance systems announces has been awarded a contract has been awarded a contract to supply Bombardier Transportation with Petards eyeTrain systems. The new contract, which is for the supply of Petards eyeTrain systems to be fitted to BOMBARDIER ELECTROSTAR™ Electrical Multiple Unit trains as part of a £55m upgrade programme with train owner Porterbrook and train operator Govia Thameslink Railway. The upgrade will further enhance the ELECTROST
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has announced a new contract to supply Bombardier Transportation with its eyeTrain systems. The work is part of an upgrade programme with train owner Porterbrook and train operator Govia Thameslink Railway (GTR) to be fitted to the BOMBARDIER ELECTROSTARTM Electrical Multiple Unit (EMU) trains, adding Track Debris/Third Rail Cameras to the fleet. First equipmen
The software developer of advanced security and surveillance systems announces that it has been awarded a contract to supply Porterbrook Maintenance Limited with Petards eyeTrain systems. The new contract, which is worth in excess of £1.3 million, is for the supply of Petards eyeTrain systems. These will be fitted to 19 Class 769 Flex trains, which are the UK’s first tri-mode trains, capable of running on overhead and third rail electric lines as well as under their own diesel power. The trains
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has announced a new contract to supply Porterbrook Maintenance Limited with its eyeTrain systems.
The developer of advanced security and surveillance systems today reported HY June 2020 results. Revenues for the period totalled £7.1m and while down on the same period last year (H1 2019: £8.9m), they were ahead of those for the second half of 2019. Further, the Group recorded adjusted EBITDA of £337,000 and generated net cash from operations of £1.8m, an improvement over the results of the preceding six months (6 months 31 Dec 2019: EBITDA loss £0.9m; net cash generated £0.7m). This positive
Petards supplies advanced security and surveillance systems to the Rail, Defence and Traffic Technology markets. This morning, the group has released interim results to 30 June that illustrate a challenging time in Rail, while both Traffic Technology and Defence delivered growth in the period. The group's cash position has improved since the beginning of the year and the order book is reported to have stood at over £12m at the half way stage.
Wheaton precious Metals (TSE:WPM) - Proposed secondary listing on bringing one of the world’s largest precious metal streaming companies to the London Stock Exchange. Due Q 2020 AB Ignitis grupe—leading utility and renewable energy company in the Baltic region. Admission of its Shares to the Main Trading List of Nasdaq Vilnius and admission of its GDRs to the Official List of the FCA. Offer Price Range corresponds to a market capitalisation of approximately EUR1,691.7 - EUR2,105.2 million. Du
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CareTech (CTH) – Corporate – Interim results demonstrate a highly creditable and resilient trading performance Market Cap £438m Share Price 391p CareTech is a specialist social care and educational services provider across the UK. This morning, the Group has released interims for the six months to 31 March, very much in line with the trading update provided in April and our own expectations. The £5m synergy target from the Cambian acquisition for FY 2020E is again reported to be on track, wit
Companies: CareTech Holdings PLC (CTH:LON)Petards Group plc (PEG:LON)
The developer of advanced security and surveillance systems today reported its final results for the year ended 31 December 2019. Revenues of £15.7m were in line with guidance given in the February trading update. As also trailed previously, Petards reported a loss over the full year despite being profitable at all levels in H1. On an adjusted EBITDA basis, Petards reported a £281,000 loss (2018 restated: £1,501,000 profit) primarily due to a major customer re-scheduling eyeTrain system deliveri
Avation is a lessor of 48 commercial aircraft to a diversified airline client base. Intra-day yesterday, the group announced that, as a result of the present uncertain backdrop caused by COVID-19, the Board had withdrawn from the previously announced strategic review and formal sale process, and that it was no longer in active discussions with any interested parties. The key reasons behind this were 1) the present uncertainty meaning that an attractive valuation was seen as unlikely to be achiev
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Research Tree provides access to ongoing research coverage, media content and regulatory news on Petards Group plc. We currently have 103 research reports from 3 professional analysts.
The group has released a positive trading update with strong trading seen recently in the US along with signs of recovery in Europe and Australia. It is quite unusual for this conservative company to boost its guidance at this fairly early stage in the year, with raised guidance for FY21 leading us to increase our adjusted EPS by 15%. The shares trade on a discount to peers and offer a premium yield. We lift our price target from 435p to 520p, up 20% and offering decent upside to current levels.
Companies: Somero Enterprises, Inc.
AFC Energy hosted a virtual Capital Markets Event yesterday attended by over 750 participants. The company re-emphasised its key technological advantage, namely, AFC Energy's technology can successfully run on a range of cheaper hydrogen sources including hydrogen ‘cracked' from green ammonia. Based on AFC Energy's market analysis, it stated that on an energy equivalent basis ammonia costs less than one quarter of the cost of hydrogen. Ammonia is a liquid under normal conditions, making it a d
Companies: AFC Energy plc
AFC Energy hosted its maiden Capital Markets Event yesterday, giving an excellent summary of its progress in the last year and its prospects. The company is making good progress in commercialising its EV charging product alongside ABB and should be ready for market in 2022. We believe the long-term prospects for the company remain exciting.
Powerhouse has announced progress with the international roll out of its DMG waste to hydrogen technology with an agreement towards the licencing of the technology in Greece and Hungary. This follows a similar agreement in Poland and demonstrates the global appeal of Powerhouse’s solution in our view. While development of the Protos project in the UK remains important, the ability to expand internationally is part of the appeal of the Powerhouse investment case and it is good to see progress her
Companies: Powerhouse Energy Group PLC
Semper Fortis Esports* recently announced its intention to IPO onto the Access Segment of the Aquis Stock Exchange Growth Market. Semper is a multi-operational Esports organisation focusing on gaming technology solutions, brand enhancement and high growth team infrastructures. The company plans to raise £2.5m to develop their three core areas of establishing an esports team, forming partnerships with brands for sponsorship and B2B consultancy services. The Board are highly experienced in spor
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The AGM trading update quantifies the current order book position which, at a fully committed £472m, has put on another 3.5% since the end of January. In itself that may look a modest sum but YoY the increase is 23.5% and is a critical aspect of the trajectory towards its medium-term target of £500m revenue (pre-COVID 2019 was £335m). Allied to strong levels of outstanding tenders and pipeline bid opportunities, management's target revenue is becoming more credible and with it the underpinning o
Companies: TClarke plc
For investors, the UK telecoms sector has presented immense challenges. Having boomed in the 1990s, mainly on the back of mobile telephony growth rates, telecom shares subsequently fell back sharply, as major debt concerns predominated. With Cable & Wireless (C & W) having exited, the UK sector now consists of little more than British Telecom (BT), privatised in 1984, and Vodafone, which was founded in the early 1980s.
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The UK market showed a continued recovery in the first quarter albeit the indices are still well short of their all-time peaks, unlike many of their international peers. The FTSE 100 has risen by 1,186 points (21.4%) since the end of October and the FTSE 250 by 4,304 points (25.0%). The comparable performance since the start of the year is less spectacular- the FTSE 100 has risen by 253 points (3.9%) and the FTSE 250 has risen by 1,070 points (5.0%). The factors behind the sustained rally are fa
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Oil rose this month with a slew of positive economic data and signs of a budding fuel consumption revival in key economies offsetting a worsening coronavirus crisis elsewhere. Futures in New York rose this week, extending its monthly gain to 7.5%. The near-certain likelihood of higher fuel consumption in the US, China and the UK has brightened the overall demand outlook, even as a resurgent pandemic in countries such as India, Brazil and Japan cloud those prospects. OPEC and its allies see wo
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Oil posted a gain this week as expectations for growing economic activity in nations from the US to Europe fuelled optimism around stronger summer demand. Futures in New York advanced 2.1% this week in the first back-to-back weekly increase since early March. Fuel sales in the UK rose to the highest since the pandemic again, and in the US, refineries are running at their highest rate since the pandemic began as they gear up for the summer driving season. Crude's advance this week comes amid s
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Companies: Gattaca plc
Bacanora Lithium (BCN LN) – Potential offer from Ganfeng Lucara Diamonds (LUC CN) – Reports healthiest diamond market for 5 years Pasofino Gold (VEIN CN) – C$9m equity raise Power Metal Resources* (POW LN) – New corporate presentation Rambler Metals and Mining* (RMM LN) – 2021 Q1 results and progress of recovery plan Rio Tinto (RIO LN) – Battery-grade lithium produced at California plant
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CRU has announced the sale of its Haydock property which it had retained following the sale of Coral Mouldings. It needs to spend £650k replacing the roof and the property will then be sold for £3.5m which should generate a book profit of £350k. The proceeds should be received by the end of 3Q 2021. We forecast cash balances as at April 2022 will be c.£12m, or £8m net of lease liabilities and other borrowings. NAV should be c.17.5p.
Companies: Coral Products plc
MAST Energy Developments (MED) is to IPO on the Standard List on 14th April 2021 under the ticker MAST. The company has raised £5m giving a market capitalisation on listing of c. £23m. MED is currently a 100% subsidiary company of AIM quoted, Kibo Energy*. MED was established to acquire and develop a portfolio of flexible power plants in the UK and become a multi-asset operator in the rapidly growing Reserve Power market. PensionBee has confirmed its intention to float on the High Growth Se
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Microsaic’s business model is evolving, and whilst results today reflect a financial performance that has been severally tempered by COVID-19, there are encouraging early signs of a turnaround now funding has been secured. Microsaic is transitioning its business beyond the capital sale of its novel miniaturised mass spectrometry (MS) instruments, consumables and support services, to a business model that uses its technology and instruments to deliver complex solutions for end users. There are a
Companies: Microsaic Systems plc
