Self-styled “multichannel marketing hub software specialist” Pelatro (PTRO) has updated on 2019 that it “expects to report revenue and adjusted EBITDA for the year in line with its expectations” and that it “continues to show strong commercial momentum, evidenced by recent contract wins, and now has 19 customers with fully operational software, of which 5 were won in 2019… The group's pipeline remains strong at about $16m of which about $6m is from existing customers”. The shares have currently responded to 67.5p, 9% higher…
“Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, is pleased to announce a significant contract win and an update on trading” – and the shares are currently circa 30% higher, at above 50p, in response – should be all good then…
Pelatro (PTRO) was my most recent conviction BUY, when it came to market at 62.5p last December. Still early days but a hugely material contract win announced this morning provides further encouragement in advance of maiden results due out on 1 May.
As Pelatro (PTRO) is my most recent conviction BUY, I am duty bound to report on any news; so despite not having a huge amount to go on, here are a few thoughts on today’s positive trading update. The skill though in making the right decisions off the back of the new information is to forget the past and so I am channelling my inner Kahneman.
Yesterday’s second new entrant Pelatro (PTRO) appears to be a great little company to me. I accept that it could just be the massive contrast between this and disappointing Mirriad Advertising (MIRI) in almost every respect but this still looks like a Buy to me. Let me explain.
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