Pennant Share Discussion Threads

[smarm] 12/2/2014 22:48

A likely cause for the fall is Paul Scott saying something on Twitter about it going down after an IC tip. Seems a bit of a stretch that people would sell on that rubbish but unless bad news has leaked - or I've missed something - the fundies look good to me. No debt, 7p EPS forecast for 2014 and a recent comment that visibility of orders is looking good. Volumes were low.

S

[dgwinterbottom] 12/2/2014 15:34

Still going down I notice!

[dgwinterbottom] 12/2/2014 14:07

Thanks chaps I was getting a little nervous given the volume of sells today!!

[dgwinterbottom] 12/2/2014 14:07

Thanks chaps I was getting a little nervous given the volume of sells today!!

[pj 1] 12/2/2014 13:00

Hopefully 89/90p will become new support line (previous resistance)

[tradingcoder] 12/2/2014 12:38

No volume behind it, so looks like profit taking.

Quite normal, especially since it was tipped in IC, you'll get the blind buyers in.

[dgwinterbottom] 12/2/2014 12:27

Any thoughts on why the sharp drop today?

[pj 1] 07/2/2014 14:35

I have eps 2014 forecast @ 7.1p which looks low to me. Outside chance they could have done that in Y/E 2013

Results due mid March

[sparkey_two] 07/2/2014 14:24

Great recent rise. Tempted to cash in on some as bought at 12p but think we have a lot more to see here...

[topvest] 31/1/2014 20:39

Investor's Chronicle article looks like it's encouraged a few buyers ahead of the results. Goes up quickly on any sustained buying here.

[skyracer] 31/1/2014 15:55

The market is bored with yield stocks, p1ssed off with value stocks, and afraid of bonds, but has turned very positive towards growth stocks. Given that the UK is now firmly into real economic growth this is a situation that could persist for a year or two. There have been some remarkable share price rises recently and very high valuations could be achieved in anticipation of growth as cash scrambles to find a suitable home away from the former three categories. Adding to the effect is the impending AIM bonanza - from 6th April stamp duty will be abolished on purchases of AIM shares, I expect this to give an additional boost to AIM shares albeit overlaid with increased volatility.

[pj 1] 31/1/2014 15:21

Looks like we will be assaulting ATH next week

[mathewawood] 31/1/2014 11:43

Investors Chronicle tipped it twice. Tuesday and today.

[alter ego] 31/1/2014 08:19

yes, the IC

[foxman14] 31/1/2014 08:18

Has this been 'tipped' somewhere or had a broker upgrade this morning?

[pj 1] 28/1/2014 13:51

Maybe not...? :-//

[pj 1] 21/1/2014 11:33

Expecting more Contract News which looks more likely to kick start us up

[ganthorpe] 21/1/2014 11:12

Last time they issued an IMS on 21 December 2012 but nothing this time.
Hopefully they had nothing to say , negative or positive. So the assumption is , going as expected , no big contracts but plenty of work in hand.
Will have to wait till March?
GAN

[topvest] 19/1/2014 17:41

Absolutely! On balance, I am optimistic as the business has good forward momentum, but time will tell.

[varies] 19/1/2014 16:49

topvest
.....or not.

[topvest] 19/1/2014 15:37

Only 1-2 months until we get into the time of year when Pennant has HISTORICALLY one most of its new contracts. Much potential for a re-rating on positive results and / or new contract wins.

[ganthorpe] 19/1/2014 11:23

Hi Mr Angry
What do you think is going on?
Can't see anything dramatic happening.
Results due mid March.
Can't see they won't be as expected with EPS about 7P and final divi 1.85P if the same increase as interim.
Would look good value with about 11/12 times P/E and yield of 4% with maybe an increase next year to about 5%.
DYOR
GAN

[mr angry] 15/1/2014 11:32

Hello, whats going on here today then

[topvest] 04/1/2014 12:25

Yes, agreed. My target price is £1+ and I am hopeful that it may get to that after the 2013 results and some upgrades for 2014.