Pennant Share Discussion Threads

[jamielein] 05/11/2012 08:22

I know I shouldn't buy when things are going down but I think the fundamentals are good so I bought a few this morning. The figures looked too good to pass up.

(Now watch them fall another 20%!)

[ianms2012] 02/11/2012 13:38

Varies.Thank you for the comment. It seems nothing to be concerned about. You made a nice explanation and i for one appreciate it.

[smudgeroo] 02/11/2012 09:25

Yep, it seems we are in good company Jamie :-)

[varies] 02/11/2012 09:24

What do PEN and GTC have in common except that some of us here hold both ?

Considering the sharp rise in the PEN share price in the first half of October, it is hardly surprising to see profits taken in the second as soon as the price lost its momentum. The fall has been faster and steeper than I expected but so was the rise.
The Powell family owns 30%, institutions are not interested and I suspect that much of the trade is conducted by us who post our opinions here.
It may be that the price has now settled for several weeks pending further developments.

[dasv] 02/11/2012 08:58

I also have both PEN and GTC. No plans to sell either.

[pj 1] 01/11/2012 23:07

FWIW IMO Lots of small caps seem to be under the influence of herd mentality, doing what everyone else is doing rather than buying (or selling) a company on FA or prospects.

I now have a small stake here and GTC

[jamielein] 01/11/2012 20:18

That could be the case. I recently bought some GTC, and am considering a position here but need to do a little more research.

It's also quite strange how I'm seeing the same people on the boards for all of the small cap shares I hold or am interested in. GHF, IC2 and CR to name but a few. I'll take this as a good sign that my analysis is correct (or maybe we'll all just fail together!)

[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.