Pennant Share Discussion Threads

[smudgeroo] 01/11/2012 18:58

Could it simply be that people have been switching funds from here and into GTC? I know there are several people invested in both and it does appear that as GTC had risen of late PEN has slipped back. There will ultimately be some profit taking in GTC at some point so it'll be interesting to see if PEN starts to pick up again when that happens. Either way both are heading in the same direction long term so I'm not too concerned and will be adding to both of my holdings in due course.

[jamielein] 01/11/2012 18:39

I don't have any position here (yet) but am slightly worried by the spike down on quite a large volume (comparable to the volume on the spike up).

Looking at the figures (as I'm a numbers guy!) they do look cheap. But looking at the chart, they look like they'll continue to drop.

I'm usually more correct when it comes to numbers than when it comes to charts though.

Any ideas why there's such an increase in people selling. Has there been any indication of bad news at all?

[cfro] 01/11/2012 13:24

Glad to see you here GHF. :-)

Doesnt take much selling to cause a spike down imo but as far as i can tell these are still trading ok as there is no reason to believe otherwise. Time will tell i guess.

[ianms2012] 01/11/2012 12:38

I bought in at 46p again. I didnt say anything as i felt a bit unwelcome in the BB. This time i have placed my stop loss in a position to give much more manoeuvre. Ill wait for next result and learn from it.

[glasshalfull] 01/11/2012 11:54

Dipped my toe in as well.

Watching for a while and with net cash £2.06m, market cap at 37.5p is £9.5m with dividend yield around 5% they look excellent value at this price on a prospective PER sub 10.

Regards
GHF

[dasv] 01/11/2012 10:39

Should be some support here on ichimoku cloud base imo.

[cfro] 01/11/2012 09:40

Think its just being hit by small sells.

Next piece of positive news will see these fly back up imo.

[wjccghcc] 01/11/2012 09:11

It's very illiquid and tends to snowball in either direction.

Added a few at 37.5p.

[pj 1] 01/11/2012 08:56

Having a good look here after seeing respected posts.

Why the run? Herd mentalility?

[attrader] 31/10/2012 19:36

it is getting battered , not sure why though

[topvest] 18/10/2012 11:38

Yes, I agree - looks like it's going to break 50p again soon from a chart perspective.

[pre] 17/10/2012 15:27

looking very good for a break past 50p here...ic2...think GTC results out 1 nov (as per last year)....that's on the launch pad to take off too...nice find:-)

[cfro] 17/10/2012 11:04

Absoloutely IC2, some things are obvious right!?

Classic tree-shake this was all along. Way oversold imo.

[interceptor2] 17/10/2012 10:26

Buyers piling in again today.

The same has happened with DRV, API and PSL.

The same will happen with GTC imo.

ic2...

[cfro] 15/10/2012 13:56

Nice bounce back today. :-)

Anyone would have to have been quick to top-up on the pull-back as these are moving back up strongly now.

[royaloak] 15/10/2012 12:17

Took some profits a couple of weeks ago, bought back what I sold this morning, mine and I guess some other buys have not been published yet.

[interceptor2] 15/10/2012 10:06

Buyers taking advantage of the pullback, which was starting to look oversold imo. I wouldn't be surprised if some well respected holders here have topped up at this level ;-)

I should have topped up, but was being a tad greedy in waiting for a dip below 40p, in anticipation that our seller was still about.

ic2...

[cfro] 14/10/2012 18:11

Nice charts and analysis IC2. I've no idea how to go about posting charts unfortunately. :-(

I see you top-sliced @48p. I did consider myself selling a few when the share price hit 50p but after further thought there was no way i was going to sell that cheaply. I dont hold a very big position so im more than comfortable holding through any short term dips anyway.

At 50p the forward pe was not much above ten, which imo was way too cheap to be selling and that rating in no way represents the growth in earnings and progress made to date and stated as such in the last interim results. Now the share price is at 40p and 20% cheaper the pe is 8 or less.

You are probably right about stops being hit btw.

[interceptor2] 14/10/2012 10:12

Normal healthy pullback to the 50ma imo. PEN has had a great run and is starting to look very good value on a per of 9.16 for 2012 and 8.16 or 2013. I believe the estimates look a tad light also, and have EPS of 5.1 pencilled in for 2012.

I did sell a third of my holdings at 48p due to my first target being met, but will be very tempted to add soon if the share price weakens further.

It is possible that some stops have been hit here if they were set too tight after the recent heavy buying over 50p?

ic2...

[cfro] 12/10/2012 18:03

Now off 20% from its high.

Looking like excellent value to me.

[cfro] 11/10/2012 16:37

Further pull-back today. Not surprising really after such a strong run up from 30p or so.

These seem to be still trading strongly and pe is around 8.5 at this price which is way to cheap imo.

[cfro] 02/10/2012 13:10

Bit of a pull-back which was bound to happen at some point and is perfectly healthy.

A good opportunity for other to make fresh purchases or top-ups imo. PE less than nine at this price.

[varies] 29/9/2012 11:36

dasv & ianms
It proves that I was exaggerating but I do recall wanting to sell many more PEN shares in Sept. 2007 than the market would take. On checking my record I see now that I was able to sell 32,000 in 3 lots at about 29p but the price then plummeted.
Luckily I bought these back (and more) 9 months later at about 10p.
Going back through my records reminds me of a great many disasters too; there is a lot of luck in this game !
I was misguided enough, for example, to buy shares in Independent Resources (IRG) a few years ago at an average of 70p expecting that its gas storage project in Italy would proceed. After this year's earthquake in the vicinity, which led to thee project being suspended indefinitely, I tried to bail out.
I managed to sell one-third of these in 3 days at about 28p and then one-third more ten days later at 18p, buyers being naturally reluctant, and I am still left with the balance now standing at about 11p, At this miserable price, the chances of recovery seem to outweigh the risk of losing the rest of my investment and so I shall hold on.
These details are of no relevance to PEN but do illustrate the risks of buying into small companies.
As for shares where even £500 worth might be hard to shift within 10% of the middle price, try PEG, PFLM or PSL, for example. Sometimes one needs to take a long view !

[dasv] 29/9/2012 08:45

varies - I've held some illiquid stocks in my time, but have never had trouble selling < £2000 of anything. You are talking about not being able to sell more than £250 at a time. got any examples of stocks you held where you could not sell more than £250 in a single chunk?

[ianms2012] 29/9/2012 00:58

varies.

Thanks for the advice. I saw the EMS is 3000 shares, against the share price there is not much the MM will guarantee on the spread. I realise I have gone over the EMS, so I understand that I will have to bear that in mind. Maybe sell in smaller blocks.

Thanks the advice is appreciated