Pennant Share Discussion Threads

[pj 1] 10/3/2014 08:04

Its the forward P/E that's important now, growth stock.

Upgrades due I suspect...

[boadicea] 10/3/2014 07:57

grahamhacker - My quick calc gives p/e = 93/6.43 = 14.53.

However given the rate of growth, a historic p/e of around 20 could be justified so the share price remains well supported and could advance by 35% from here without looking stretched.

This is actually the best long term performer in my portfolio - just wish I had bought more of them but that was against my policy for what was, at the time, a very small company.

[grahamhacker] 10/3/2014 07:15

Rns-What an excellent result driving the pe down to around 10. This is proving to be an excellent investment :-)

[topvest] 08/3/2014 17:56

I would guess that the results will be early the week starting 17 March, given it was the 18th March last year and the date has been coming forward.

[mymini] 07/3/2014 16:48

Mid to end of march on a historical basis. Nothing on their website.

[howtofish] 07/3/2014 15:48

Any news on the date of the results? If they are anywhere near expectations share price should easily be £1+. imo.

[tradingcoder] 17/2/2014 21:46

Hopefully we got rid of all the short term 'punters' and break £1 this time.

[topvest] 17/2/2014 20:57

Well its bounced back quickly.

[topvest] 13/2/2014 20:43

Patience needed. The general direction is still upwards. Good results, a contract win and a good forward outlook will see the price move through the psychological £1 barrier. Only question mark at this stage is the news on contracts and 2014/15 forward position. Good potential on both of these from what we know of how things were going. Pennant don't make announcements unless they have to and so it's a month or so to wait. I'm not selling on this valuation. It's too low.

[pj 1] 13/2/2014 13:58

Thats my theory out the window... :-((

[dgwinterbottom] 13/2/2014 09:02

Couple of small trades first thing - people dipping their toe in the water?

[smarm] 13/2/2014 07:59

PJ - ....well a couple of funds seem to be selling a few. Will report in March:

From August:

"On current trading and prospects, Mr. Powell added:

"The order book provides good visibility through 2014 and beyond. During the period there has been significant ongoing activity with a broad global spread of potential customers on a number of significant opportunities, particularly in the defence and rail sectors.

"The pipeline is robust and active and the Group's good relationships with its customers and strong balance sheet continue to provide a strong platform from which to build and to realize the opportunities arising."


S

[pj 1] 13/2/2014 07:45

Not really. The fall started well before PS tweet.

It often happens that ''hot'' money pours in after a tip, then it stops rising, the next tip comes along and out they all go into the next one......repeat......repeat...repeat....

Makes you slightly nervous the Market may know something, but holding tight here,

[smarm] 12/2/2014 22:48

A likely cause for the fall is Paul Scott saying something on Twitter about it going down after an IC tip. Seems a bit of a stretch that people would sell on that rubbish but unless bad news has leaked - or I've missed something - the fundies look good to me. No debt, 7p EPS forecast for 2014 and a recent comment that visibility of orders is looking good. Volumes were low.

S

[dgwinterbottom] 12/2/2014 15:34

Still going down I notice!

[dgwinterbottom] 12/2/2014 14:07

Thanks chaps I was getting a little nervous given the volume of sells today!!

[dgwinterbottom] 12/2/2014 14:07

Thanks chaps I was getting a little nervous given the volume of sells today!!

[pj 1] 12/2/2014 13:00

Hopefully 89/90p will become new support line (previous resistance)

[tradingcoder] 12/2/2014 12:38

No volume behind it, so looks like profit taking.

Quite normal, especially since it was tipped in IC, you'll get the blind buyers in.

[dgwinterbottom] 12/2/2014 12:27

Any thoughts on why the sharp drop today?

[pj 1] 07/2/2014 14:35

I have eps 2014 forecast @ 7.1p which looks low to me. Outside chance they could have done that in Y/E 2013

Results due mid March

[sparkey_two] 07/2/2014 14:24

Great recent rise. Tempted to cash in on some as bought at 12p but think we have a lot more to see here...

[topvest] 31/1/2014 20:39

Investor's Chronicle article looks like it's encouraged a few buyers ahead of the results. Goes up quickly on any sustained buying here.

[skyracer] 31/1/2014 15:55

The market is bored with yield stocks, p1ssed off with value stocks, and afraid of bonds, but has turned very positive towards growth stocks. Given that the UK is now firmly into real economic growth this is a situation that could persist for a year or two. There have been some remarkable share price rises recently and very high valuations could be achieved in anticipation of growth as cash scrambles to find a suitable home away from the former three categories. Adding to the effect is the impending AIM bonanza - from 6th April stamp duty will be abolished on purchases of AIM shares, I expect this to give an additional boost to AIM shares albeit overlaid with increased volatility.

[pj 1] 31/1/2014 15:21

Looks like we will be assaulting ATH next week