Does anybody have any views on this company. They have their AGM on 22nd January. They have been in profit through 2008 and hoping that January 2009 and onwards profits will still be made. The shares are very cheap but this companies shares have only recently been re listed.
I think the company now has huge potential with a good share price rising.
Yours views would be welcome.
I don't have a directional view on value really. All I know about it from digging about on the Web is:
Personally, given the troubled history, I would want to see some strong earnings momentum before taking a bet on this one, but happy to be persuaded as it sounds like it has strong interesting products... What underlies your thinking on the upside potential, Sagem? Is your view that the recent turnaround has not been reflected in the share price?
Thank you for your reply regarding Petards...my observations are that during 2008 and while suspended they were profitable. The company is in the right place at the right time. Their AGM is on Thursday and I am sure that they will reveal a good trading statement.. They do have a very bad history but I hope they have turned the company round at last. The AGM will decide their future I think.
Sagem and Mr T, I agree that it looks like an interesting one and, as you say Sagem, it could be at an inflection point. Worth keeping an eye on. Let's share further reflections on Friday following the details from the AGM.
No worries, Sagem - likewise, thanks for bringing it to my attention. Fingers crossed for the trading statement.
HI,
Well the news was excellent from Petards AGM AS FOLLOWS;-
http://development.stockopedia.co.uk/news/announcement/PEG/090122peg0813m.htm
Petards, the AIM quoted listed developer of advanced security and surveillance systems, announces that at its Annual General Meeting held today all resolutions laid before the meeting were duly passed. In his statement to shareholders, Tim Wightman, Chairman of Petards, provided the following trading update in respect of the Group's un-audited results for the year ended 31 December 2008:
'We anticipate reporting a significantly improved result for the year ended 31 December 2008 compared to that seen in 2007. The Group reported an interim profit after tax of £0.3m for the six months ended 30 June 2008 and we are pleased to say that the Group remained profitable in the second half of the year. We expect to report revenue for the year of approximately £18.8m. The Group was cash generative in the second half year and we expect to report net debt of approximately £2.3m at 31 December 2008, reduced from £2.8m at the end of June 2008.'
Hmm... 18.8m of sales compares to £17.7m in 2007 (2006: £23.2m) so 6.2% sales growth which is ok but not stellar. Still, the profit turnaround is encouraging as is the debt reduction...
