Previously writing on ‘customer engagement’ software company Pelatro (PTRO), a couple of weeks ago I noted discounted shares subscription and still “seeks to collect receivables” red flags. Those red flags haven’t taken long to unravel as it’s now a “Proposed Cancellation and Directorate change” announcement from the company...
A “Subscription to raise £1.1m and Issue of Equity” announcement from ‘customer engagement’ software company Pelatro (PTRO), with co-founder and CEO Subash Menon stating “we are delighted to obtain support from new investors who believe in the long term potential of the company. These funds will help us to continue our growth and help improve our working capital”. With the shares most recently closing at 3.25p, how ‘delighted’ should shareholders be?
Previously writing on customer engagement software company Pelatro (PTRO), last month with the shares at 8p I noted concern added to by a swing to even adjusted operating loss and the balance sheet. Now a “trading update” announcement commencing that “Pelatro announces that it has recently been informed by a key customer, owing $550K, that it will no longer meet a previously agreed payment deadline of July…”. Uh oh!
Describing itself as a “customer engagement hub software specialist for enterprises”, Pelatro (PTRO) states that it “is pleased to announce that it has been awarded a large contract for campaign management solution by a Middle East telco with operations in multiple countries”. What though of a share price currently more than 23% higher in response at 8p?
Previously writing on software for customer marketing company Pelatro (PTRO), last month with the shares falling from close to 20p I noted ‘warns on trading, and what about the balance sheet?’, concluding that I certainly continued to avoid. The shares are currently further down below 10p today following yesterday an intra-day (uh oh!) “trading update”.
Previously writing on software for customer marketing company Pelatro (PTRO), in June with the shares at 27.75p I reviewed an AGM Statement, including asking what about the recent RNS Reach announcements & broker change?, concluding caveat emptor and continue to avoid. The shares last closed at just below 20p, but are currently much further lower towards a £6 million market cap on the back of a “trading update”.
Software for customer marketing company Pelatro (PTRO) has issued an AGM Statement including that “contracts announced in the last month in both the telco and the non-telco space demonstrate our continuing success in building the group's recurring revenue base… we are confident of delivering a performance in line with expectations for 2022”. So what of a share price of 27.75p, down from above 40p last Autumn?...
Marketing software company Pelatro (PTRO) “is pleased to announce that it has been selected by an African telco to provide its mViva Campaign Management Solution… helped us penetrate the growing African market further”. What of a share price response currently a few percent higher towards 28p?...
Previously writing on marketing software company Pelatro (PTRO), in January I questioned “in line with expectations”. It now “is pleased to announce today its audited results for the year ended 31 December 2021”, so what’s the story?...
Customer engagement software company Pelatro (PTRO) states it “is pleased to provide” a trading update, including “despite the Covid situation, we won three new customers in 2021, taking us to 22 telco customers in various countries around the world… Results for FY21 are subject to audit but are expected to be in line with expectations”. So why currently a share price response to 27p, 7% lower?...
Self-styled “precision marketing software” company Pelatro (PTRO) states it “is pleased to announce a trading update ahead of the release of the interim results for the six months ended 30 June 2021”. Hmmm – more than 2 months for even a half-year trading update? At least it includes “full confidence in meeting its revenue target for the year”...though what is that and what does it mean financially overall?...
A “Contract Wins”-titled announcement from Pelatro (PTRO) commences that “the telecom Customer Engagement Hub software specialist, is pleased to announce that it has secured several contracts for change requests”. The shares have responded up to 38.75p, so what’s the contracts detail?...
Previously writing on marketing software company Pelatro (PTRO), in November I wrote “excited with the progress achieved”. It sure?.... It is now “pleased to announce” its 2020 results...
Pelatro (PTRO), “the telecom Customer Engagement Hub software specialist, is pleased to announce a new contract and to provide a trading update”. The latter includes that it is “excited with the progress achieved with respect to ARR and the appetite we are seeing from our customers to work with us in this way”... but the shares have currently responded to below 39p, a few percent lower...
“Pelatro Plc (AIM: PTRO), the telecom Customer Engagement software specialist, is pleased to announce a Placing and Subscription to raise £2.1 million (before expenses)”… and the shares have currently responded more than 10% lower...
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…
