Petards (LON:PEG) - Order slippage

Friday, Sep 28 2007 by

Sep 28th 2007 - Edison Investment Research today published a report on Petards (PEG.L, LSE:PEG, LON:PEG) entitled "Order Slippage". In summary, the report says:

Two related issues highlighted previously are now weighing heavily on Petards: a basic lack of scale and the impact of slippage in the order book. The consequence is a material downwards revision in 2007 estimates, while the ongoing internal review continues to assess the options as a stand-alone entity or in potential partnership.




About Edison Investment Research

Edison Investment Research

Edison, the investment intelligence firm, is the future of investor interaction with corporates. Our team of over 100 analysts and investment professionals work with leading companies, fund managers and investment banks worldwide to support their capital markets activity.  We provide services to more than 400 retained corporate and investor clients from our offices in London, New York, Frankfurt, Sydney and Wellington.  Edison is authorised and regulated by the Financial Conduct Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »

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