Pennant Share Discussion Threads

[mfhmfh] 08/10/2020 08:56

looks like Downing selling out with Miton UK Microcap Trust & Premier Miton Group both building a stake. also, looks like Liontrust Investment Partners have completely sold out. hopefully, overhang now cleared.

[leewain] 20/9/2020 11:55

A substantial drop expected in the morning. A good opportunity to top up.

[red ninja] 11/9/2020 09:53

I make it Chris Powell holding is up by 6.05%, but Jennifer Powell holding is down by 6.46%. I presume they are just restructuring their holdings for some reason.

[boadicea] 11/9/2020 07:55

Downing have recently reduced. Now we have a very big increase (~6%) by Christopher Powell but as I can see no recent on-market transactions of comparable size I assume that it is a re-arrangment within his 'Concert Party'. See hxxps://www.pennantplc.co.uk/investors/share-capital/ for further information.

[pastybap] 17/8/2020 19:18

Tipped by Simon Thompson in IC.

[big7ime] 17/8/2020 11:30

More director buys?

[red ninja] 13/8/2020 09:24

Downing Strategic Micro IT in 29 Feb 2020 Annual Report had the following on Pennant :- 3) “The ones that might suffer in a prolonged downturn” – account for 2.4% of the portfolio. Unsurprisingly, thesehave direct balance sheet risk. .... b. Pennant – is in a strong position as it is servicing large defence clients, who themselves are well funded. The downside is that the turnover and contracts can be very ‘lumpy’ making cash management a challenge at the best of times. Recent final results highlighted the timetable for ongoing contract delivery, albeit hampered by the ability to get product out the door in the factory. The company has net debt of £2.2 million, however it is in final stages of negotiation for a £4 million facility, which with agreed milestone payments from major customers, should be sufficient for the company to trade through this period. We note that the company has proposed a resolution at its AGM to increase the ability to allot shares without a vote, to 20% of the equity. This allows flexibility for a timely and cost efficient fund-raise should it be required. "

[red ninja] 13/8/2020 09:15

12000 shares at 41p is less than £5000, they are not putting their shirt on it but around 1 button.

[red ninja] 13/8/2020 09:14

I was thinking of below 30p. However, accept company has put in cash saving mechanisms and if it can work on removing delays in contracts in a covid-19 world it should recover. Thus maybe buying at 36p and tucking away for a year is a wise move.

[mfhmfh] 13/8/2020 09:08

strange that 3 directors bought 12,000 shares each for 41p on 29th July.

[topnotch] 13/8/2020 09:08

Define REALLY cheap???

[red ninja] 13/8/2020 08:57

It looks like there are buys at 36p. However, given the uncertainty with Covid-19 and Pennant. Can't see any great reason to buy now. If it becomes really cheap, might have a recovery punt.

[mfhmfh] 11/8/2020 09:38

added some today. let's see what the 13th of August brings...

[shammytime] 11/8/2020 07:10

Expecting a run up to 50 in the next couple of days

[big7ime] 30/7/2020 08:34

3 Directors buy, business must be better

[paleje] 17/7/2020 08:04

Nice jump, I wonder why they didn't just provide the 6 month TU as well instead of waiting till August, they obviously have the numbers. Anyway contracted work for 2021 already secured for ~13.5m and hopefully they'll be able to add to that as client confidence re managing pandemic issues continues to improve.

[gary1966] 17/7/2020 07:25

Another nice contract top up announced this morning with more to come. Nice to have a positive reaction from the market.

[mfhmfh] 21/4/2020 08:54

company is slowly building recurring revenue streams.

[wilmdav] 21/4/2020 07:00

I have not seen the Simon Thompson article but expect he has drawn attention to the fact that PEN was profitable in H2, as predicted. Without the exceptional write-offs and restructuring charges they would have been profitable for the whole year. He may also have made contact with the house broker. I hope so because the forecasts for 2020 shown on Sharescope/Sharepad are probably pre coronavirus outbreak. Http://www.david-wilmshurst.co.uk/pen/pen_data.htm Click on the Excel sheet tabs to access charts and look especially at H2 figures. (I don't currently hold)

[arthur_lame_stocks] 20/4/2020 21:26

It has a very mixed record of profitability.

[topnotch] 20/4/2020 20:22

TBH - I've only been following this for the past 2 weeks and saw it as significant recovery stock...

[farnesbarnes] 20/4/2020 13:58

Indeed, you could have thought that at 62p 6 months ago. So why not 30p in other 6 months?

[topnotch] 20/4/2020 13:48

FarnesBarnes >> You know, never catch a falling knife - was waiting to see how low it went then buy on the way up but it recovered too damn fast!