Wow! close on six million shares potentially diluting Retail Shareholers investment trust.......exercise price 1p for the next ten years.......so we can gauge the level of sp that Directors will be happy with ... 10% above 1p will net them 600 Grand between them - -
Such a small change in sp will be easy enough to achieve - as the company has been losing investors like a sinking ship. I sold most of mine (at a small loss) at 8p when it was called "Screen" - jolly glad I did, too.
Just who gives Directors permission to make money by a modest revival in sp? Or, can we assume that the Directors don't anticipate any profits (to restore sp) for the next 10 years?
All IMHO, naturally.

Petards Group PLC
29 September 2006

PETARDS GROUP PLC:
INTERIM RESULTS



Petards Group plc ('Petards'), the AIM quoted developer of advanced surveillance
systems, announces interim results for the six months to 30 June 2006, a period
during which it continues to implement its strategy to transform itself into a
focused Group capable of making sustainable profits and cash flows.



In his statement to shareholders, Tim Wightman, Chairman, said:

'From an operational perspective we have now completed the structural changes
necessary to implement the Board's longer term strategy that was embarked upon
over 18 months ago. That strategy was to put in place a structure that enabled
the Group to exploit the synergies that exist between its various businesses.
Those synergies arise from an overlap between the businesses and are a
combination of operational, technological and market factors.'



Financial Highlights



Turnover of 10.4m (2005: 13.0m - inc. exceptional increase in defence
sales in H1 2005)
Gross profit of 3.6m (2005: 4.3m)
Operating loss before exceptional expenses from reorganisation of 179,000
(2005: 257,000 profit)
Operating loss after exceptional expenses of 598,000 (2005: 257,000
profit)
Loss before tax of 736,000 (2005: 83,000 loss)
Loss per share of 0.12p (2005: 0.02p loss)
Operating cash inflow of 345,000 (2005: 432,000 outflow)
No dividend (2005: nil)



Other highlights



Centralisation to Gateshead site expected to result in approximately 0.6m
savings in 2007 (with 0.4m exceptional costs charged in current period)
Further exploitation of synergies between technologies used on different
platforms
1.8m contract to supply and install eyeTrainTM on 133 trains for Arriva
Trains Wales
0.9m repeat order to supply displays to Alstom for Belgian railways
2m countermeasures orders from UK MoD for the Royal Navy and Army Lynx
aircraft
0.25m countermeasures order from Bell Helicopters for the Norwegian Air
Force
Growing market presence in the USA for Group technologies
EIMC, acquired in March 2006, has performed well
Appointment of Bill Conn as Group Chief Executive



Commenting on outlook, Tim Wightman, Chairman, said:



'The Board expects that profit before exceptional items for the year will show
an improvement over 2005 and is encouraged by the promising pipeline of orders
that should secure the Group's continued recovery in 2007 and beyond.'



Contacts:

Petards Group plc Parkgreen Communications Ltd

Tim Wightman, Chairman Paul McManus
Andy Wonnacott, Finance Director Tel: 020 7493 3716
Tel: 01932 788 288 Mob: 07980 541 893








CHAIRMAN'S STATEMENT



I am pleased to present my report on the Group's activities and results for the
six months to 30 June 2006.



Introduction



During the period to the date of this report the management has continued to
implement its strategy to transform the Group from a fragmented business with a
high cost base making significant losses, to a focussed Group capable of making
sustainable profits and cash flows.



Operations

From an operational perspective we have now completed the structural changes
necessary to implement the Board's longer term strategy that was embarked upon
over 18 months ago. That strategy was to put in place a structure that enabled
the Group to exploit the synergies that exist between its various businesses.
Those synergies arise from an overlap between the businesses and are a
combination of operational, technological and market factors.



Following the appointment of Bill Conn as Group Chief Executive and in
conjunction with the acquisition of EIMC, the Group's production, purchasing,
finance and administrative functions were centralised onto our Gateshead site.
This restructuring gave rise to an exceptional cost of 419,000 in the period
but will result in anticipated cost savings of approximately 600,000 in 2007.
The benefits for customers of combining all of our production onto our largest
site will be enhanced quality and an improvement in delivery schedules.



The synergies between the technologies used on our different platforms are also
being exploited further. By bringing together our engineering resources across
our product range we are benefiting from the sharing of experience gained in
similar applications across the Group. For example, our expertise in the design
and production of ruggedised equipment for the military is being applied to our
Provida in-car digital recording systems and our UVMSTM network video recording
software is being integrated with eyeTrainTM, our on-board digital CCTV system.
Our long history and respected position as a supplier within the defence
industry is starting to result in opportunities for our surveillance
technologies within that sector. In addition within the rail industry, our
ability to supply both on-board and land based surveillance solutions is proving
attractive to customers.



We continued to win significant contracts during the period. In the transport
sector, we secured the 1.8m contract to supply and install eyeTrainTM to 133
trains for Arriva Trains Wales and a repeat order worth 0.9m to supply
passenger information displays to Alstom for the Belgian railway. While demand
for countermeasure dispensing systems peaked at the time of the early stages of
the Iraqi conflict, during the period we received 2m of orders for these
systems from the UK MOD for the Royal Navy and Army Lynx Aircraft and a further
0.25m from Bell Helicopters for the Norwegian Air Force. Customer interest in
UVMSTM is continuing to grow and the systems installed in the first half
included one for the new Ascot racecourse. In addition, prospects for UVMSTM
within our US customer base remain strong particularly within the casino
industry. We have been steadily growing our market presence in the USA for our
other technologies and have been developing partner and customer relationships
from which we believe benefits will accrue in 2007. At 30 June 2006 the order
book stood at over 14m.



Since its acquisition in March, EIMC has performed well and demand to date for
its range of infra-red cameras for use within ANPR (Automatic Number Plate
Recognition) systems has been strong.



Results

The trading performance in the first half year showed an improvement over the
second half of 2005, but was behind that reported for the first half of 2005.
On continuing operations, turnover for the six months to 30 June 2006 was 9.4m
(2005: 13.0m) while the turnover of EIMC which we acquired in March was 1m.
The reduction in turnover from continuing operations reflected an exceptional
increase in defence sales in the first half of 2005 following the military phase
of the war in Iraq. Those sales were not repeated in 2006. In addition, as I
reported in June 2006, software sales were significantly lower as compared with
the first half of 2005. Gross margins increased to 35% (2005: 33%) despite the
lower software sales which attract better margins.

The operating loss for the period, before exceptional expenses arising on the
reorganisation, was 179,000 (2005: 257,000 profit as restated). This is after
a charge of 19,000 (2005: 15,000) relating to the implementation of FRS 20
'Share based payments' which has been implemented for the first time and for
which comparative figures for prior periods have been restated. After the
exceptional expenses of 419,000 the Group made a loss for the financial period
of 736,000 (2005: 83,000 loss as restated) and the underlying loss per share
was 0.12p (2005: loss 0.02p).

Cash flow

The operating cash inflow for the period was 345,000 (2005: 432,000 outflow)
which is stated after outflows of 0.2m in respect of exceptional reorganisation
costs.

Net interest paid in the period amounted to 433,000 which included 295,000
paid in January in respect of 2005. Net cash outflows associated with the
acquisition of EIMC amounted to 187,000 which together with capital expenditure
of 144,000 resulted in a cash outflow before financing of 419,000.

Dividends

The Board is not recommending the payment of a dividend.

Outlook

While the first half year's operating result is behind that of last year, the
Board is confident that in the second half year the Group will be profitable.
We are anticipating significant deliveries to customers during the last quarter
and expect that profit before exceptional items for the year will show an
improvement over 2005. The Board is encouraged by the promising pipeline of
orders that should secure the Group's continued recovery in 2007 and beyond.

Nice rise this morning!

"Outlook

While the first half year's operating result is behind that of last year, the
Board is confident that in the second half year the Group will be profitable.
We are anticipating significant deliveries to customers during the last quarter
and expect that profit before exceptional items for the year will show an
improvement over 2005. The Board is encouraged by the promising pipeline of
orders that should secure the Group's continued recovery in 2007 and beyond."

$2M contact won!

RNS out this afternoon.

From UK-Analyst.com: December 12th 2006
Surveillance systems group Petards (PEG) said it has been awarded significant orders to supply its UVMSTM network video recording systems to customers in the US and in the UK for eyeTrain on-board digital CCTV systems. Together, these orders were worth approximately 1.2 million pounds. The orders from the US include a further casino development for Choctaw Nation, which has already placed orders worth more than 2 million dollars. It was expected that this further system will be delivered in the first quarter of 2007. Also, the group has secured its first order for UVMSTM for a supply into the US rail market. Petards' shares rose 0.05p to 8.5p.

Petards expects H2 profit

LONDON (ShareCast) - Petards Group, the surveillance systems developer, said it expects to make a profit in the second half after it completed its restructuring.

Chairman Tim Wightman said, From an operational perspective we have now completed the structural changes necessary to implement the board's longer term strategy that was embarked upon over 18 months ago.

The group posted a pre-tax loss of 736,000 for the six months to June compared with a loss of 83,000 a year earlier, on turnover of 10.4m from 13.0m last time after it increased defence sales last year following the military phase of war in Iraq.

Petards said it expects significant deliveries to customers in the last quarter, adding that it is encouraged by the promising pipeline of orders that should secure its continued recovery in 2007 and beyond.

08:02 PETARDS GROUP (PEG) Petards Group wins UK Defence Ministry contracts worth 1.3 mln stg

Petards Group wins UK Defence Ministry contracts worth 1.3 mln stg
AFX


LONDON (AFX) - Petards Group PLC said it has won contracts from the UK Ministry of Defence valued at 1.3 mln stg to supply electronic countermeasures dispensers and missile warning equipment repair services.

The AIM-listed developer of advanced surveillance systems said the countermeasures dispensers will be used for self-protection on the British Army Lynx Mk9 aircraft, adding that deliveries are expected to commence in June 2007.

The company said it has also been awarded a one-year extension until April 2008 to its existing exclusive enabling contract to cover the supply of commercial VHF and UHF non-secure radio products and systems to the Ministry of Defence.

15 December 2006

Petards Group plc ('Petards' or 'the Company')

New Contract Awards

Petards, the AIM listed developer of advanced surveillance systems, announces
that Petards Joyce-Loebl has been awarded contracts by the Ministry of Defence
with a total value of 1.3 million for the supply of electronic countermeasures
dispensers and missile warning equipment repair services. The countermeasures
dispensers are for use on the British Army Lynx Mk9 and will provide those
aircraft with a self protection capability. Deliveries are expected to commence
in June 2007.

The Ministry of Defence has also confirmed that it has awarded Petards
Joyce-Loebl a one year extension, to April 2008, to its existing exclusive
enabling contract which covers the supply of commercial VHF / UHF non-secure
radio products and systems.

Petards Chief Executive Bill Conn said 'Petards Joyce-Loebl has a long heritage
in supplying the UK defence industry and these orders are a demonstration of the
confidence that the Ministry of Defence has in the Company's capability to work
on significant projects such as these.'

Top % Gainers
# EPIC Name Price Chg %
1 KUJ Kuju Ord 5p 24.5 8.25 50.77
2 LPX Lipoxen Ord 0.5p 35.0 9.5 37.25
3 TAIH Taihua Ord 1p 17.0 3.0 21.43
4 PEG Petards Ord 1p 1.1 0.175 18.92

This MOD announcement is the second good order in the past 3 days.

Petards wins 2 new orders worth 1.2 mln stg


LONDON (AFX) - Petards Group PLC, an AIM-listed developer of advanced
surveillance systems, said it has been awarded significant orders to supply UVMS
network video recording systems to customers in the US and in the UK for
eyeTrain on-board digital CCTV systems. Together these orders are worth approx
1.2 mln stg.
The US order includes a further casino development for Choctaw Nation,
who have already placed orders worth over 2 mln usd, and it is expected that
this further system will be delivered in the first quarter of 2007.
Additionally, the group said it has secured its first order for UVMS for a
supply into the US rail market.
The UK order is for the supply of Petards eyeTrain digital CCTV systems to
Porterbrook for use on its South West Trains Class 158 and 159 DMU fleets. A
total of 112 vehicles are to be fitted with internal and forward facing cameras,
as part of a franchise commitment to improve staff and passenger
safety. Delivery will commence in March 2007.
Petards chief executive, Bill Conn said: "It is very pleasing to secure
these orders for supply to the transport and casino markets, both of which are
sectors that we consider to be important in our plans for the future growth of
the business.
"The orders from the US will provide us with important reference sites
in that market and by securing our first contract from Porterbrook we have
further strengthened our position in the UK rail CCTV market."
newsdesk@afxnews.com

Petards UK smallcap opening
LONDON (AFX) -
Again on the upside, shares in Petards Group were hoisted 0.13 higher to
1.05 following news that the AIM-listed developer of advanced surveillance
systems has won contracts from the UK Ministry of Defence valued at 1.3 mln stg
to supply electronic countermeasures dispensers and missile warning equipment
repair services.

Nothing is certain in this life, but PEG seems to going in the right direction. Plenty of contract wins, surveillance is a definite growth area and now forcasting a profit.


15 Dec'06 - 01:27
Petards expects H2 profit

LONDON (ShareCast) - Petards Group, the surveillance systems developer, said it expects to make a profit in the second half after it completed its restructuring.

Petards Group PLC
20 December 2006



Petards Group plc ("the Company")

The Company was informed on 20th December 2006 that Chelverton Growth Trust has
a notifiable interest in 25,000,000 ordinary shares representing approximately
3.926% of the issued share capital of the Company.



20th December 2006


This information is provided by RNS
The company news service from the London Stock Exchange

another gem long term

get in before the horse bolts dyor

only for fools.

only goes oneway.

well see