Pelatro (PTRO)

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Pelatro PTRO Logo

A UK based company that offers precision marketing solutions for telecom industry.

26-Sep-2018 – 83.5p – £27.2m – PER 8.17

Interim Results For The 6 Months To End June 2018 – Revenue up 53% to $2.38m (H1 2017: $1.55m), PBT up 24% to $1.2m (H1 2017: $972,000), EPS at 4.4¢ (H1 2017: 5.1¢) – Due to IPO. Cash of $1.6m. Not sure what this is “Adjustment (credit) to reported profits in first half of approximately $517,000 due to change to IFRS 15 revenue recognition (expected largely to reverse in second half)”.

First coverage for me and looks great except for that last sentence above – Although trading is in-line with expectations. Neutral whilst I do some research here.

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