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PEN Pennant International Group Plc

30.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pennant International Group Plc LSE:PEN London Ordinary Share GB0002570660 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 30.50 17,070 08:00:00
Bid Price Offer Price High Price Low Price Open Price
30.00 31.00 30.50 30.50 30.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 13.69M -901k -0.0244 -12.50 11.25M
Last Trade Time Trade Type Trade Size Trade Price Currency
10:24:34 O 6,257 30.1918 GBX

Pennant (PEN) Latest News

Pennant (PEN) Discussions and Chat

Pennant (PEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:24:3530.196,2571,889.10O
08:57:1230.1810,8133,263.36O
2024-04-15 15:21:0530.817,8152,407.88O
2024-04-15 13:00:0430.802,432749.06UT

Pennant (PEN) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Pennant Daily Update
Pennant International Group Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker PEN. The last closing price for Pennant was 30.50p.
Pennant currently has 36,882,438 shares in issue. The market capitalisation of Pennant is £11,249,144.
Pennant has a price to earnings ratio (PE ratio) of -12.50.
This morning PEN shares opened at 30.50p
Posted at 11/2/2024 04:25 by 40 fathoms
Winning a share of that £30m would be excellent as the Apache contract starts to roll off towards the end of 2024.
Posted at 07/2/2024 08:53 by w t tutte
I think the other thing is that W H Ireland are desperate to get them to do a placement and make an acquisition. Any share price strength will be hit with a CR in my view.
Posted at 07/2/2024 08:02 by hastings
It has always been an issue for PEN, largely given the nature of the large defence contracts and timing of payments. That said, increased focus on the software element and ARR should mitigate that somewhat going forward and provide for increased visibility.

Broker summary from this morning.

Cross-party agreement that defence is a growing priority, and globally an enhanced focus on defence, are likely to bring further benefits to PEN, which has long-standing relationships with major defence OEMs and with governments in relation to its sophisticated training software and products. We note positive developments on cash post the period end, which more than bring the latest reported net cash position of the company into alignment with our year end forecasts. We anticipate a cash-generative year in FY24E and also that the business will continue to invest in its faster growing and more profitable activities. Our net cash forecast for FY24E is shaved to £1.2m (was: £1.8m) to allow for further investment. This said, we expect that the software investment wave is likely to reduce in the coming year, leading to further increased cash generation and profitability. Otherwise, our forecasts are left intact, and we are encouraged by the management’s statements re the outlook. Our fair value estimate remains at 65p at this point; hence we see good potential upside for the shares.
Posted at 04/2/2024 10:20 by hastings
Nice to see CNC another of my holdings tipped in the Sunday press, so perhaps PEN'S turn isn't too far away!With defence firmly in the spotlight and likely to remain so for sometime to come, the company looks very well placed with other areas such as rail also likely to benefit.Although the full year results aren't far away now, it's the new financial year outlook that should be of real interest and could provide for a quick start to the share price.
Posted at 17/1/2024 15:59 by aishah
Hi Masurenguy, good to see you committed here. Price seems to have left the sticky 30p area. Also above 50d SMA now. Last year's trading update was on Feb 8th, so hopefully not long to wait for this year's.
Posted at 16/1/2024 11:42 by aishah
The shareholder's roster is very interesting. Richard Staveley (Rockwood) holds 7.46% and Laurence Hulse (Onwards opportunities) took a 3.35% holding in November.

PEN are in a red hot sector at the moment and are hopefully bidding on more work than previously. Sticky clients, good recurring revenue and focus on software and technical services.

Cash at end 2022 of £1.1m. Mkt Cap £11m with a robust order book, 12mth rolling fcst p/e 7.4 and a peg of 0.4
Posted at 16/1/2024 08:49 by hastings
Nice to see you here and also rivaldo too.Aside the various moving parts I'm very interested to know how the GD next Ajax phase will pan out.Given a contract decision has to be made by June at the latest and with PEN having delivered on the first phase I'd guess it's looking increasingly likely that they will get the deal they want. At this stage, it would surely be problematic for GD to go elsewhere given another player would be starting from scratch!
Posted at 05/1/2024 10:43 by rivaldo
Techinvest had a nice review of the interims in their November issue FYI:

"Pennant has reported solid progress in the first half ended June 30. Revenue for the period was up 2.9% to £7.1m, with 46% of the total generated from software licensing and associated activities. Gross margin reached a record 47% (H1 2022: 41%). EBITDA doubled to £0.8m and the loss before tax was £0.4m compared to a loss of £0.8m a year earlier. Order intake secured during the first half was worth
£6.5m, which resulted in a three-year contracted order book of £25m at the period-end. Net-debt at the end of the first half was £1.9m, down from £4.1m a year earlier.

Management’s plan to re-engineer the business to build on software, services and
other higher-margin work is working well based on recent results. EBITA has been positive now for the last four reporting periods and the strong uptick in gross margin this time is particularly encouraging. Given the burgeoning technological complexity in Pennant’s military, aviation and rail platforms markets, the demand
for innovative integrated product support solutions is only likely to grow, particularly with increasing defence budgets globally.

Small acquisitions are also adding to the momentum and re-shaping of the business. The most recent addition is Track Access Productions in April, broadening Pennant’s existing rail offering and customer base, and adding circa £0.3m of subscription-based recurring revenues. Further positive news since the period-end is that new
orders worth around £1.5m have been secured during July and August. The company also announced a strategic partnership with Aquila Learning to collaborate on a number of projects.

The broker consensus forecast for the current year is for earnings per share of 3.5p rising to 4.2p for fiscal 2024. A prospective P/E of 6.1 for next year looks attractive if the progress in the business can be maintained. We rate the shares
a Strong Hold."
Posted at 14/12/2023 07:33 by 40 fathoms
"Britain to build supersonic fighter jets under historic deal with Japan and Italy" the agreement is being signed today. You would think there might be good levels of business both IPS software and Simulation for us with this program as will include involvement from the UK of BAE Systems, Rolls-Royce, Leonardo UK and MBDA UK all of whom are existing customers of PEN
Posted at 11/9/2023 08:18 by hastings
Agree with that Mas.WH Ireland comment below. Pennant International – PEN - Corporate – New Pennant, new partnership, attractive beachhead in training information management systemsMarket Cap £14m Share Price 38pThis morning's Reach announcement from PEN highlights a further step forward for the company as it continues to grow the software orientation of the business. We anticipate that the new partner, Aquila Learning Ltd, will form an attractive enhancement of PEN's capabilities in training information management systems based on Aquila's Learning and Requirements/Resource/Record Management System (ALaRMS). The agreement is expected to provide a platform for growth to PEN's partner, given PEN's extensive client list in the UK and elsewhere, while from a PEN perspective, it meaningfully extends the company's integrated product software suite in a clearly complementary area, adding to existing strong software-based skill-sets of the company in areas such as analysis and design, modelling and virtual publications / maintenance, together with other virtual databases and channels.This morning's newsflow comes on the back of the company's July 19th update which highlighted significant revenue cover for the current year (90%-plus), revenues 50%-plus recurring in nature, software licencing / related revenues approaching half the total, and a significant upswing from the prior year in profitability and margins. On the latter score, gross margins at 47% in H1-23 play 41% in the previous H1, a significant improvement, while the EBITDA margin doubled YoY and EBITA also rose substantially. WHI view: we view this morning's announcement as a further reflection of the positive direction now taken by PEN – its software activities are much more profitable than the traditional training equipment activities, and this looks to be an excellent fit in that context. We believe that the significant data inputs that PEN currently receives as a matter of course from its clients will now find a further outlet for future activity supportive of PEN's clients. Beyond this, more generally, we note strong statements of progress from OEM's in PEN's core defence sector, including perennial clients of the company such as BAE, and in general a strong platform for growth in areas where PEN's is skilled, such as the efficient use and maintenance of complex equipment ranging from defence to infrastructure, areas which continue to see good growth based on increasing complexity, the enhanced demand for efficiency and the strong defence sector. We retain our £15.5m revenue / £1.3m adj. PBT / 3.5p EPS forecast for the current year unchanged ahead of PEN's interim results, which are expected on September 27th. For the present, we are sticking with our 65p current fair value benchmark.
Pennant share price data is direct from the London Stock Exchange

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