Pennant Share Discussion Threads

[mfhmfh] 26/11/2020 18:55

Big Middle East contract due to be announced?

[irishlass2] 26/11/2020 13:56

And now the guys from Addicted2hares on Fbook are on it. This is going to fly.

[topnotch] 26/11/2020 13:40

Couldn't get many - not much stock around

Only 200K traded and up 24%

[sphere25] 26/11/2020 13:33

Highlighted these earlier.

Threatening a real breakout higher for the first time since the crash. Crashed from around that 80p mark down to under 40p and then had an oversold technical bounce to just above 50p. Ever since, you can draw a gradual downward trending channel and this move today is the first one that threatens to break that channel in a significant way.

[rimau1] 20/11/2020 08:09

I’ve taken a starter position here this morning and will add on momentum. I like the defence sector and had profits from Chemring to invest and this looks a great niche business with net cash and a strong order book. I am bullish on Australia and the UK defence in particular and Pen has good exposure to both.

[gary1966] 19/11/2020 11:19

Increase in defence spending, not a specific company RNS

[wilmdav] 19/11/2020 09:50

What was the news?
Nothing on RNS

[hastings] 19/11/2020 09:34

Also bought back in today, after watching and waiting for a while. Fully aware of the negatives such as lumpiness as held for a few years from previous lows and back at these levels I'm happy to put in the bottom draw!2021 should prove a more fruitful year for PEN and increased spend across Defence and Rail here and elsewhere should prove a positive in due course.

[sphere25] 19/11/2020 09:20

Popped a little on today's main news headlines.

Chart still bearish with a continued downward slant. One of the laggards with no recovery in the price as yet. No significant buying to note so far - dead money atm. Wait and see if it attracts interest at some point. 40p will be key if there is a bullish market view here at some point.

On a wider market note, interesting that the US gave up all the gains and ended down on more positive vaccine news yesterday - possibly first signs much is in the price and a pullback on a short term basis. Clearly alot of technically overbought stocks out there so wouldn't be surprised to see some comeback abit as they've gone absolutely bonkers in a flash!

This time of year we usually have a little pullback before the Santa rally so perhaps an opportunity to add.

All imo

[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...