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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pennant International Group Plc | PEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -3.57% | 27.00 | 16:17:01 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 28.00 | 27.00 | 28.00 | 27.00 | 28.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 23/10/2024 19:24 by hastings Very welcome news and hopefully a prelude to further contract announcements.The N. America win in particular would appear to bode well for Auxiliam going forwards, (even without financials) particularly in relation to the growing unmanned aerial systems space.Be interesting to know the defence contractor concerned and wondering if it could be Lockheed, a major player in the space which PEN has worked with on previous defence related contracts. |
Posted at 03/9/2024 08:41 by rivaldo Two strong-looking appointments. PEN must have looked good to Mr van der Leest given he wouldn't want to taint his success at Intercede, and the interim CFO looks impressive too for a company of PEN's size relastive to his experience. |
Posted at 27/8/2024 07:06 by hastings Defence cash bonanza as outlined in the FT today obviously aligned to the major players, but another signal that there should well be benefits for the likes of PEN. |
Posted at 21/6/2024 07:25 by hastings Well, we know that they have been asked to quote on in excess of £30m as mentioned just last month, so given the historic average win rate they should pick up some substantial business. As I've mentioned before, PEN' services are at the back end of the defence food chain, so although very frustrating we could see a number of wins drop through in quick succession. Importantly there is £70m plus potential just from the Training aspect, so plenty of opportunities. Obviously we need some orders to come through now and if that happens, the shares should really bounce from these levels. |
Posted at 14/5/2024 06:27 by hastings New Chairman is a serious shaker and mover having co-founded Bridgewell Group and a key player at Miton, which remains a major holder at PEN. One does wonder whether PEN may prove attractive now to a larger player in the space! |
Posted at 10/5/2024 09:15 by big7ime Tutte, your recent comments suggest you lost faith and bailed having been extremely optimistic a couple of yrs ago when you were last here:W T Tutte - 21 Jan 2022 - 14:27:48 - 1067 of 1319 PENNANT INT. ; A BARGIN BUY + BIG DIVIDEND - PEN They have GBP 22 million in existing order book as at the end of December, add to that this @9 million contract and the GBP 1.2 million civilian aviation software contract that has been agreed and is awaiting signature and the order book is now GBP 32 million. In addition they see a qualified pipeline of opportunities of GBP 14 million on the software side and GBP 25 million on the technical training side. So they are looking at a qualified potential pipeline of close to GBP 40 million and for much of this work they are the incumbent or already selected. They have been very clear about margins as well they are targeting 40% gross margins on the technical training business and in excess of 60% on the software (integrated product support business. With a fair wind they could be doing a sustainable pre tax profit of at least GBP 5-6 million rolling forward. On a current market cap of GBP 14 million. A P/E of 10 x does not seem unreasonable to me, that is suggestive of a share price between 145p and 160p. Lots of upside from here. W T Tutte - 20 Jan 2022 - 15:01:41 - 1060 of 1319 PENNANT INT. ; A BARGIN BUY + BIG DIVIDEND - PEN Yes, this looks really good and is certainly cheap. There is £11 million of order book to recognise this year + £2.7 million from the major program that should land in Q1 (9 million over 30 months) + £800k from the commercial aviation contract. So before the end of January they have £14.5 million of locked in. We could well be looking at revenue of almost £20 million for this year. At 40% gross margin that is a GOP of £8 million. Could well see net profits of @£3 to £4 million. I reckon there is a good chance that this is on a 3x to 4x P/E for 2022. |
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 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 11/9/2023 07:18 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/Resourc |
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