We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pennant International Group Plc | PEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -1.59% | 31.00 | 08:17:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 31.50 | 31.00 | 31.50 | 31.00 | 31.50 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 10/5/2024 10:15 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 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/Resourc |
Posted at 19/7/2023 08:14 by hastings Decent TU in-line, with momentum building.Given the global defence spend now at record levels, PEN looks ideally placed to deliver with increasing levels of recurring revenue. PE of 10 falling to under 9 and move back into a net cash position highlights the discount on offer. |
Posted at 13/6/2023 11:42 by hastings Net cash position of £1.6m forecast for year close and pushing on next year, so with the revenues building and a positive swing on margins and increasing ARR the current mkt cap/valuation is increasingly attractive.When the Bear finally retreats, PEN will hopefully move sharply northwards. |
Posted at 01/5/2023 07:38 by hastings Pleased you approve 40 Fathoms.I agree with you, re-the Canadian contract and it was touched on when I spoke with them. I feel they're pretty confident about that following through, particularly given the long term relationship, so another to keep an eye on. The Ajax/GD next phase is intriguing, for PEN, will they-won't they, I guess a conclusion to that one isn't too far away. |
Posted at 28/4/2023 08:00 by hastings Cheers for that. A lot of moving parts here now and particularly interesting growth potential in the US. Aside that, it is hard to see how the next phase of the Ajax programme won't include PEN, as it would be extremely difficult at this stage for another player to step in. Obviously after the last experience with GD PEN are extremely wary and have no doubt laid out their own terms. My take is that is that they certainly won't take it on unless it's lucrative enough and if it doesn't happen, it's neutral as nothing in for it on the forecasts.Obviously there is a it seems a very real desire for PEN to put to paper! Time will tell. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
