Pennant Share Discussion Threads

[topvest] 08/4/2013 15:58

This was the other big one up for grabs, I think. Looks like a pretty big win again. Thought this would get us to a £1...has anyone noticed?

[dasv] 08/4/2013 15:08

[double post]

[dasv] 08/4/2013 15:08

thanks tez

[tez123] 08/4/2013 14:25

Pennant Int. Group
Re Contract
RNS Number : 8255B
Pennant International Group PLC
08 April 2013


Pennant International Group plc

Major Contract Award

Pennant International Group plc, the AIM quoted supplier of integrated logistic support solutions is pleased to announce that its subsidiary Pennant Training Systems Limited has been awarded a Support Contract by the UK Ministry of Defence for training devices that will provide preventative and corrective maintenance across 21 military sites.

The Contract runs for 3 years with an option for two further 1-year extensions and has a potential value of £5 million.

[qs9] 26/3/2013 10:23

Looks a little toppy IMO...great movement butbahead of itself IMO...on watch list

[royaloak] 26/3/2013 10:20

I think it is looking a bit spikey now, would not surprise me if it dropped a bit from here and then marked time for a few weeks, I have took some profits as I had a large amount, hoping I can eventually buy them back a bit lower down.

[dasv] 25/3/2013 20:47

very positive chart action!

[topvest] 22/3/2013 12:01

Another contract award on the Company's web-site:

[dgwinterbottom] 21/3/2013 09:29

Given the age of the Chairman Powell (66),his holding along with his wife of 39% and the recently announced good prospects for the future, cant help thinking if Pennant may be a takeover prospect!!!!!

[smudgeroo] 21/3/2013 08:04

Absolutely dasv, long may it last.

[dasv] 20/3/2013 21:02

Smudgeroo, when there are no posters, there are plenty of people who have not bought yet. The shoe shine boy moment is when there are no buyers left. This is the opposite !

[smudgeroo] 20/3/2013 20:20

Lovely that it's so quiet here. Always a good sign.

[wilmdav] 19/3/2013 15:58

Many thanks, David

[penpont] 19/3/2013 14:17

Yes thanks dd: prosp. yld of 4.2% is vg for an aim stock.

[valustar1] 19/3/2013 13:28

Thanks david.

Nice upgrade

Fingers crossed on MoD news due shortly.

[davidosh] 19/3/2013 13:11

WH Ireland the house broker have increased their target price from 59p to 90p

Here is the summary...

Pennant International has today released preliminary results for the year ending
December 2012. The results were impressive enough, with revenue growth of 40%
to £14.5m, PBT up 125% to £1.6m, and EPS up 124% 4.46p exceeding our estimates
by 1.9%, 6.2% and 0.9% respectively. These come just one day after the company
announced its largest contract to date, a £16 million deal over 5 years for the
development and through life support of leading edge training aids with the
potential for extensions up to 20 years. The confidence of the Board has been
reflected by the 40% increase in the final dividend to 1.4p bringing the annual total to 2p (1.5p). Despite yesterday's 62% rise in share price, our updated forecasts show continued stellar growth into 2013. Hence, we re-iterate our BUY
recommendation and increase our target price from 59p to 90p.

Y/E Dec 2011A 2012A 2013E 2014E
Rev(£m) 10.35 14.47 18.75 20.15
PBT(£m) 00.70 1.60 2.02 2.18
EPS (p) 1.99 4.46 5.89 6.39
P/E (x) 32.7 14.6 11.0 10.2
DPS (p) 1.5 2.0 2.4 2.7
Yield % 2.3 3.1 3.7 4.2

[topvest] 19/3/2013 08:41

Yes, great results. Anyone seen an updated FY13 forecast?

This is the status of the big contract - either a loss or a massive gain, depending on what is announced in the next few weeks. With their existing order book I suspect a loss is not as big a deal as it was, but a win will really be the icing on the cake. This contract ends at the end of March and so a MOD announcement must be imminent.

"In my report with the interim results I mentioned that the UK MOD were tendering a contract for the support of training aids at a number of MOD training establishments in the UK. This contract combined the Group's existing contracts with contracts run by other contractors. The tender has now been submitted and the result is expected in the near future."

[dasv] 19/3/2013 07:26

Price to sales is very compelling if say £5m added per year on new contract win.

I haven't read such a confident outlook statement in ages.


"On current trading and prospects, Mr. Powell added:

"The Group is well placed with a record order book providing good visibility of revenues through 2013, 2014 and beyond. Relationships with customers are good and the Group's products and services are well received. In consequence, the pipeline is strong with good prospects for the short, medium and long term. Your Board is confident for the future.""

[crosswire] 19/3/2013 07:05

-- Major GBP12 million contract in progress with AgustaWestland for development of Maintenance Training Equipment for the AW159 Lynx Wildcat helicopter; will make significant contribution in 2013;



-- Revenues increased by 61% to GBP8.7 million, (2011: GBP5.4 million) with contribution to Group operating profit more than doubled;

[davidosh] 19/3/2013 02:31

Wilmdav....An old schoolfriend asked me to take a look about a year ago. You communicated with me on this board five months ago although in fairness there is rarely much to discuss here between results.

davidosh
6 Nov'12 - 13:11 - 333 of 391

I was intrigued by the reporting of the order book for the first time so tried getting hold of the FD. He is away today but will hopefully ring me back in the morning.

Wilmdav
6 Nov'12 - 13:16 - 335 of 391

Well done, David

I did try to get them to a Mello but apart from being either abroad or in a closed period it proved difficult to set a date. After these results and contract it should be easier but rather more expensive for those not already invested sadly !

[myopia] 18/3/2013 22:45

why did they put this news out today I wonder? I hope the final results aren't disappointing and that this was to get some good news out before the bad - just a thought...

[wilmdav] 18/3/2013 20:32

Hi David,

You can definitely count me in if you can arrange the presentation. Glad to see you are onboard. I had not been aware before. Now tell me you have posted 100 times on this board!

[dgwinterbottom] 18/3/2013 19:33

Davidosh - a bit of successful sleuthing for a change on my part. Could I ask what you mean about a meeting? when, where, what etc.

Topvest - Yes I was wondering what the result of this tender might be, I have the imoression a significant amount of previous t/over was included in this bundle being tendered.

[topvest] 18/3/2013 19:07

It looks to me like this contract is yet to be let:

Extension to March 2013 of agreements with the MOD for the support of training aids at MOD establishments. These contracts are to be combined with similar contracts run by other contractors and the new combined contract is to be competitively tendered. As stated in my statement in the 2011 Annual Report, this is both a risk and a significant opportunity.

[smraynot] 18/3/2013 16:39

Tomorrow is goung to be a fantastic day for Pen'ers we could well smash £1.00+