Penna Consulting Share Discussion Threads

[ulinbac] 24/11/2015 10:59

Got in today at 279. Like the look of this. Been watching on sidelines for a while

[qs99] 24/11/2015 10:44

liking bounce....to be fair some of that dip was me taking some profits, holding half previous number now having doubled money.....hopefully push on to over £3.....gla

put some profits into EMR, an interesting play IMO

[ramridge] 23/11/2015 16:06

ProactiveST - Miton's stake in Dekeloil is puzzling.
Given that Gervais W favours small, cash generative, dividend paying companies, Dekeloil is loss making, net debt of £22m, net assets near zero, hasn't paid any dividends so far, and negative free cash flow for some years now.

[tromso1] 23/11/2015 13:06

Starting to bounce.

[battlebus2] 13/11/2015 15:29

A good listen thanks ProactiveST..

[proactivest] 13/11/2015 15:20

Video interview with Mitol's Gervais Williams re: Penna investment



Gervais Williams, veteran fund manager and small-cap stock specialist at Miton Group (LON:MGR) explains why he still believes the UK’s AIM market offers the best growth prospects for long-term investors.

FTSE 100 companies and other large cap players around the globe which thrived during the credit boom have struggled since and will continue to do so, he reckons.

Meanwhile, Williams claims the best opportunities are to be found in smaller, cash generative firms with a progressive dividend policy.

This week Miton Group took a 3.35% stake in the palm oil specialist DekelOil (LON:DKL). Williams also favours HR specialist Penna Consulting (LON:PNA).

[qs99] 12/11/2015 19:55

Thanks for postings. Happy to hold as think this has further to run IMO...DYOR etc.

[battlebus2] 10/11/2015 21:29

Yes £3.10 up from £2.40.

[qs99] 10/11/2015 21:12

Can't open but thanks! Looks like a £3.10 TP?

[qs99] 10/11/2015 14:26

Maybe a few taking profits....tempting after such a rise, but IMO this has further to run. Let's hope Management can start drumming up some decent city support to get some demand for the shares going!

[shanklin] 10/11/2015 14:24

H1 EPS up 36% vs the 25% mentioned in the TS. And the share price is now up only 4.8%. Seems a pretty pathetic response to much better results than were previously forecast... IMHO.

[shanklin] 10/11/2015 14:17

Well there should certainly be increased broker estimates.

[qs99] 10/11/2015 11:59

Wonder if there will be any new broker note?

[treeshake] 10/11/2015 07:44

Nice results indeed

[battlebus2] 10/11/2015 07:29

Dividend now a minimum of 8p and rising......

[qs99] 10/11/2015 07:27

generating lots of cash IMO, should bang through £3 IMO....I wonder what the full year upgrade will be...?

[battlebus2] 10/11/2015 07:19

Cracking indeed and worth posting....
Penna's Profit after Tax up 36% in First Half and Interim Dividend doubled to 4p per share

10 November 2015
Penna Consulting Plc (PNA: AIM), the international human resources consulting group, today announces its unaudited interim results for the six months ended 30 September 2015.

FINANCIAL HIGHLIGHTS
· Gross Revenue +15% to £47m (2014: £41m)

· Net Revenue +20% to £25m (2014: £21m)

· Operating Profit +34% to £2.8m (2014: £2.1m)

· Profit after Tax +36% to £2.3m (2014: £1.7m)

· Earnings per Share +36% to 9.1p (2014: 6.6p)

· Interim Dividend +100% to 4.0p (2014: 2.0p)

· Net cash £4.2m (31 March 2015: £2.3m)

· Net cash generated by operating activities £3.7m (2014: £1.0m)


OPERATIONAL HIGHLIGHTS
· Further impressive growth of Recruitment Solutions: Net Revenue +25% to £11.2m (2014: £8.9m) and Operating Profit +16% to £1.6m (2014: £1.3m)

· Steady performance from Career Services: Net Revenue +8% to £10.4m (2014: £9.9m) and Operating Profit held at £1.8m

· Turnaround of Talent Practice: Net Revenue +45% to £3.1m (2014: £2.6m)


Commenting on the results and outlook, Stephen Rowlinson, Chairman, said:

"Penna made further substantial progress in the first half with Profit after Tax up 36% to £2.3m and Earnings per Share up 36% to 9.1p. These advances are particularly noteworthy because comparisons are with performance in H1 last year, which at the time I was able to describe as "by far the best first half performance from the Company since the beginning of the recession in 2009".

As the UK economy continues to grow we are seeing a significant rise in clients' expenditure on recruitment and other HR projects. Penna continues with impressive momentum and we remain confident of the outlook for the Group. We now believe that profit for the year will be ahead of management's original expectations and we are doubling the Interim Dividend."

[qs99] 10/11/2015 07:03

IMO cracking set up results....DYOR but lots more to come IMO...

[nw99] 03/11/2015 16:17

Sharewatch update at the weekend bought more today

[battlebus2] 03/11/2015 13:14

Next Tuesday is interims announcement.

[treeshake] 03/11/2015 10:50

is there an update this Wednesday ?

[qs99] 03/11/2015 07:23

hopefully more to come today....

[battlebus2] 02/11/2015 10:02

Continuing Fridays rise.......