“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.
