Pennant Share Discussion Threads

[cfro] 25/7/2013 18:30

Looking at the recent broker forecasts for ye 2013 and PBT of £1.73M and eps of 6.56p is being forecasted and PBT of £1.88M and eps of 7.1p for the ye 2014.

So Pe's of 13.2 and dropping to 12.2.

[cfro] 25/7/2013 15:08

On the move once more and breaking into fresh highs.

[topvest] 18/7/2013 09:36

Thanks - you seem to have pushed up the price again. Yes, looking forward to the interims - should be very good!

[calahan] 18/7/2013 08:36

Topped up here this morning @77p. Was hoping to get nearer 70p, but can't see it falling that low with estimation beating results being just around the corner.

Quite surprised to see it's fallen back at all before results, but not complaining as I was hoping to grab a few more before then (and now seems likely to be the best chance IMO)

[dgwinterbottom] 17/7/2013 07:37

Gengulphus - Thank you for that very instructive and useful insight into a small way the market works, much appreciated!!

[topvest] 16/7/2013 19:22

Yes, a good buying opportunity for someone ahead of the results. Seems a bit silly selling these before some stonking interim results just a few weeks away.

[gengulphus] 16/7/2013 19:04

Gives us nice dips to buy on, though, doesn't it? ;-}

Gengulphus

[cfro] 16/7/2013 18:17

Unfortunately some investors will never learn. The MM's basically saw them coming a mile off.

Important lesson to said investors: Never use automated stop-losses!

[gengulphus] 16/7/2013 17:54

Looking at the trades and the chart, it looks as though someone somewhat clumsily offloaded 16k shares at 16:16:49, having to accept 77p to do so at a time when the spread was something like 79p-81p (note that the trade was reported late, so you've got to look back to the spread for other trades done at about the same time and reported normally to work out what the spread was then). At a guess, they were prompted into doing so by the price having come down a bit earlier in the day - probably manual profit-taking rather than an automatic trailing stop loss, as I think the latter would have triggered rather more quickly.

Anyway, that sale triggered a further price drop, and there was then a flurry of five more sells in the following 7 minutes - which I would guess were automatic trailing stop losses. A total of 11k shares were sold in that flurry, and not surprisingly, it triggered yet another price drop...

By the way, I say "somewhat clumsily" because if you're thinking of selling a largish quantity of shares compared with typical daily market volumes, waiting until other people are selling and the market makers are a bit oversupplied with shares (as evidenced by the price coming down) is pretty much a guaranteed way to get a poor price! In such circumstances, the market makers are basically saying "Well, we don't really want them - but tell you what, we'll take them off your hands if you'll give us a bit of a bargain...". When you're selling that sort of quantity of shares, you need instead to pick a time when the market makers are a bit undersupplied with shares - ideally when a rally is starting to run out of steam but hasn't quite done so yet.

But the main point is that the underlying trigger for the dip could be as trivial / random as one fairly wealthy private investor happening to look at his or her investments this afternoon and deciding that they had a better use for ~£12.3k...

Gengulphus

[cfro] 16/7/2013 16:50

No idea what caused the end of day dip, but looks like another buying opportunity coming up imo.

[cfro] 09/7/2013 09:27

Share price moving up again nicely into new highs.

[dgwinterbottom] 09/7/2013 07:37

Interesting note:
hxxp://jeffxiii.blogspot.co.uk/2013/07/pennant-growth-portfolio-candidate.html

[dasv] 08/7/2013 22:50

break-out to new high.

[topvest] 26/6/2013 19:13

6.5p EPS and 2.4p DPS per -. A forward P/E of 10.6 is still very good value given the level of growth (i.e. 45%). PEG ratio is very attractive!

[cfro] 26/6/2013 16:06

No, I hadnt seen it, thanks 2breakout.

[2breakout] 26/6/2013 15:36

Pennant International Group plc PT Raised to GBX 99 (PEN)

Posted by Jim Brewer on Jun 21st, 2013 // No Comments


Pennant International Group plc (LON: PEN) had its target price lifted by WH Ireland from GBX 90 ($1.41) to GBX 99 ($1.55) in a research note released on Wednesday morning, Stock Ratings Network reports. They currently have a buy rating on the stock.

Shares of Pennant International Group plc (LON: PEN) traded down 2.04% during mid-day trading on Wednesday, hitting GBX 72.00. Pennant International Group plc has a one year low of GBX 30.00 and a one year high of GBX 79.00. The stock's 50-day moving average is currently GBX 43.51.

Pennant International Group plc is engaged in the provision of management services to the Group. The Company operates in three segments: training systems, data services and software.

Dont know if everyone had seen the broker upgrade from last week.

[cfro] 20/6/2013 08:12

Couldnt resist a top-up this morning. Overall markets dont look too pretty today but will be interesting to see if PEN remains calm in the storm.

[topvest] 19/6/2013 18:45

Thanks - I meant in terms of dividend and EPS.

[interceptor2] 19/6/2013 16:24

Very pleased to pick up some more stock at 75.75p which was below the mid. Could indicate some profit taking into the close?

But chart does look very strong now, with a strong break out on higher volume.

ic2...

[dasv] 19/6/2013 15:45

nice. My biggest stock by weighting too prior to breakout.

[cfro] 19/6/2013 15:14

This is some breakout now.......

[dgwinterbottom] 19/6/2013 13:05

Q. What is the latest broker forecast?
A. 90p

[topvest] 19/6/2013 12:54

Yes, great news - this company just keeps on giving. Pleased I didn't sell any more after the results. Still thought this was cheap and that there was the prospect of even better news to come and that has been confirmed today. I'd like to see £1! What is the latest broker forecast?

[orange1] 19/6/2013 09:35

On 14 June the house brokers predicted earnings of 5.9p for 2013 and 6.4p for 2014. Expect at least a 10% increase following today's news in my view.

[cfro] 19/6/2013 09:30

Well done dasv for holding on. What a great co this is and glad to be back in again this morning on a very encouraging TS.