Pennant Share Chat (PEN)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Pennant Int.	LSE:PEN	London	Ordinary Share	GB0002570660	ORD 5P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	83.50p	82.00p	85.00p	83.50p	83.50p	83.50p	914	07:57:09

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Software & Computer Services	17.2	1.9	6.5	12.9	27.51

Pennant Share Discussion Threads

Showing 2476 to 2500 of 2500 messages

Chat Pages: 100 99 98 97 96 95 94 93 92 91 90 89 Older

Date	Subject	Author	Discuss
11/9/2017 11:08	Debtors are now in excess of £10m and exceed H1 revenue. Burning cash. Still one to avoid for me. Are new management trustworthy?	topvest	Read Full Thread Reply
11/9/2017 10:22	Broker downgrading EPS for this year to 6.3p from 7.1p an obvious factor on sentiment.	hastings	Read Full Thread Reply
11/9/2017 09:36	One other aspect is that we've now got a completed classical "head and shoulders" chart pattern over the last 8 months or so. I'm a long-term investor and not a chartist myself, so I don't intend to sell on that basis. But I do expect there to be holders who are more interested in chart-based trading, and they are quite likely to be adding to selling pressure at the moment... Gengulphus	gengulphus	Read Full Thread Reply
11/9/2017 09:26	The cash position is more than accounted for by the balance of creditors and debtors, i.e. receivables up by approx £2.8m and payables down by £0.8m. The UK contract delay is a likely cause (imo) and the wording implies that the comapany hopes to negotiate a release of some of this before year end. Otherwise, the market was possibly upset by the failure to declare an interim div with an explanation that indicates a final div is also in doubt. I see no other obvious underlying causes for concern and a typical market over-reaction is sometimes a good buying opp.	boadicea	Read Full Thread Reply
11/9/2017 09:02	Yes, big fall in share price. Cash generation, or lack of, might also be an issue.	spreadsheetsteve	Read Full Thread Reply
11/9/2017 08:11	Agreed, apart from the delay to revenues from the "UK Contract" and the consequential "broadly in line with current market expectations" guidance about profits for this year. And judging by what's happening to the share price, those seem to be the aspects the market is picking up on... :-( Gengulphus	gengulphus	Read Full Thread Reply
11/9/2017 07:55	Interim results look good	spreadsheetsteve	Read Full Thread Reply
12/8/2017 19:28	On looking again at the 10 July statement I see that results for "the year as a whole" should meet expectations. This suggests that the half year figures due in September may be a little disappointing. Let us hope that prospects for the second half justify a restoration of the dividend. Like several others here I am a long term holder but I did reduce my holding in Jan & Feb this year which now looks prudent.	varies	Read Full Thread Reply
02/8/2017 21:54	I held these a few year's back when Chris Powell was in charge. Think him leaving has also probably increased the risk. He was a safe pair of hands in my view.	topvest	Read Full Thread Reply
02/8/2017 21:22	Indeed the Middle East seem to have there own payment terms.	battlebus2	Read Full Thread Reply
02/8/2017 20:26	topvest How right you are to be nervous about cash flow. I hold shares in BLANCCO (BLTG) where debtors are proving a problem and fear this this is a typical hazard for companies trading with unreliable foreigners.	varies	Read Full Thread Reply
02/8/2017 20:11	I'd be a bit nervous about cash flow here with so many big contracts in the Middle East. Year-end results already showed a very big increase in debtors. Always a heightened risk in this part of the world. Could be fine of course.	topvest	Read Full Thread Reply
02/8/2017 19:58	The steady fall of the share price is depressing but these shares have always been difficult to buy or sell in any quantity. I think that I must have held some of mine for 20 years and trade them occasionally. A return to dividends would be very welcome.	varies	Read Full Thread Reply
02/8/2017 16:44	That trading update repeated the May news about the Lockheed Martin contract extension and the March news about the Canadian Department of National Defence contract amendment, both of which added substantially to the company's revenue prospects - but the effects of those additions were of course already in the share price. Then it said "Pennant is also pleased to announce additional contract wins and extensions during the Half Year, valued in aggregate at over GBP600,000." I at least found that figure of ~£600k a bit underwhelming after the earlier contract announcements - not any sort of cause for concern, but enough to temper the high expectations I had for the half-year results to somewhat lower ones. That hasn't prompted me to sell - I'm very definitely a long-term holder, with my earliest purchase now nearly 11 years ago. But I can very well imagine it prompting other, more 'trading'-oriented investors to sell. And the stock is illiquid enough that it doesn't take all that much selling to cause share price falls, which are liable to prompt more sales by 'trading'-oriented investors - so there's probably a bit of a sales -> lower prices -> more sales feedback loop happening at present. Or at least that's my guess. I don't think it's Brexit - Pennant's sales are very internationally based, while I'd guess much of its cost base is in the UK. So the pound falling as a result of Brexit probably acts in its favour, lowering costs relative to revenues. And while the trading statement did mention Brexit, it was only to say that they hadn't seen an effect: "Notwithstanding current economic uncertainty surrounding the recent formal commencement of the UK's Brexit from the EU, the Group has not yet detected any loss of confidence from its global customer base." Gengulphus	gengulphus	Read Full Thread Reply
02/8/2017 12:56	current economic uncertainty surrounding the recent formal commencement of the UK's Brexit FFS	albanyvillas	Read Full Thread Reply
02/8/2017 02:58	Took my eye off this one after trading update thinking all ok. Have I missed something!!!!	oohrogerpalmer	Read Full Thread Reply
10/7/2017 08:38	Cheers Boadicea	owenski	Read Full Thread Reply
10/7/2017 08:19	18.5m revenue for 2018 according to the broker this morning.That should give a 2.6m pre-tax profit a resumption of the dividend at 2p per share with net cash of 3.7m.	hastings	Read Full Thread Reply
10/7/2017 08:03	Some of the remaining £9m could be for 2021 onwards?	cockerhoop	Read Full Thread Reply
10/7/2017 08:00	Read it again! Total forward orders are £42m, of which £33m is NOT for delivery this year (2017) but over the following 3 years (2018-2020), implying £9m is for delivery in the remainder of this year.	boadicea	Read Full Thread Reply
10/7/2017 07:27	If I'm reading that correctly - 33m for delivery in 2018, as revenue?	owenski	Read Full Thread Reply
10/7/2017 07:25	The Geographic reach and different verticals is quite impressive.	owenski	Read Full Thread Reply
10/7/2017 07:10	Positive TU and nice to see new business being sealed from different sectors and a broad geographical reach.	hastings	Read Full Thread Reply
21/6/2017 17:27	Well, its not often you see a Companys share price chart make a 'V' recovery, but this one is pretty close. Shame I missed it	pj 1	Read Full Thread Reply
19/6/2017 15:05	This one looks to be waking up a bit. Any thoughts? Strong order books with good visibility out to next year as well. Doesn't seem to be much stock around.	geraldton1	Read Full Thread Reply

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