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PEN Pennant International Group Plc

28.00
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pennant International Group Plc LSE:PEN London Ordinary Share GB0002570660 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 28.00 906 08:00:00
Bid Price Offer Price High Price Low Price Open Price
27.00 29.00 28.00 28.00 28.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 15.54M -933k -0.0216 -12.96 12.11M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:25:01 O 75 27.30 GBX

Pennant (PEN) Latest News

Pennant (PEN) Discussions and Chat

Pennant (PEN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-11-22 15:25:0227.307520.48O
2024-11-22 10:34:3127.11831225.29O

Pennant (PEN) Top Chat Posts

Top Posts
Posted at 22/11/2024 08:20 by Pennant Daily Update
Pennant International Group Plc is listed in the Engineering Services sector of the London Stock Exchange with ticker PEN. The last closing price for Pennant was 28p.
Pennant currently has 43,234,133 shares in issue. The market capitalisation of Pennant is £12,105,557.
Pennant has a price to earnings ratio (PE ratio) of -12.96.
This morning PEN shares opened at 28p
Posted at 19/11/2024 08:12 by simon gordon
Rockwood - 19/11/24

Pennant International (Defence training, maintenance and software services): This investment is currently the fund's smallest in NAV weighting, however we have been conducting significant engagement to help the business get to position where it can realistically scale in size and have purchased c.10% of the equity. We believe the CEO and the foundations of the current operating business has the potential to achieve this. Our thesis involves the potential provision of further equity investment to support value creative acquisitions in the defence sector via a 'buy & build' strategy. During the period we provided modest additional financial support, through equity investment, as they handle lumpy contract cashflows. We introduced new highly qualified Board members to the group with the skillsets of UK small company corporate finance, financial experience and defence m&a. Software expertise also joined the Board and an Interim CFO was appointed. Restructuring is underway and the company's pivot to software services almost complete. Rome was not built in a day and Pennant is over 125 years old, but it is about to enter a new chapter, our average price paid is 32.8p to date. On current market expectations, the shares were valued on an EV/Sales of 0.8x for their financial year 2025, at period end.
Posted at 09/11/2024 00:56 by 40 fathoms
So having had a bit of a more detailed look at the particulars for the properties that have been reposted. What appears to be missing is the plot vacant land, that had been included in the previous listing package and had an asking price of @225k.
Posted at 23/10/2024 19:24 by hastings
Very welcome news and hopefully a prelude to further contract announcements.The N. America win in particular would appear to bode well for Auxiliam going forwards, (even without financials) particularly in relation to the growing unmanned aerial systems space.Be interesting to know the defence contractor concerned and wondering if it could be Lockheed, a major player in the space which PEN has worked with on previous defence related contracts.
Posted at 04/10/2024 13:18 by 40 fathoms
Freehold property in Cheltenham is now on the market. It says one of the units being offered is from another owner but offering these togther would appear to allow a purchaser to buy a whole block of units. The asking price for the Pennant units is £3.24 million vs a book value of £3.1 million.
Posted at 02/10/2024 22:16 by 40 fathoms
If Auxilium is successful and with Harwood's involvement a disposal is a probability. However, should Auxilium generate revenue and the share price respond (not a given in view of the state of AIM at the moment)there are 4 or 5 niche software providers they could look to acquire and integrate into their offering.
Posted at 03/9/2024 08:41 by rivaldo
Two strong-looking appointments. PEN must have looked good to Mr van der Leest given he wouldn't want to taint his success at Intercede, and the interim CFO looks impressive too for a company of PEN's size relastive to his experience.
Posted at 23/5/2024 16:08 by w t tutte
They have finally tapped the market. We can now see why their has been a weight on the share price for the last 6 months. They tried to come in December and then again last month with a huge raise for a takeover. For reasons unknown this has been shelved and the old chairman is now exiting.

They have come to market for a modest amount of cash in order to complete the software suite upgrades. Hopefully the share price should go back to trading on news and fundamentals.
Posted at 10/5/2024 09:15 by big7ime
Tutte, your recent comments suggest you lost faith and bailed having been extremely optimistic a couple of yrs ago when you were last here:



W T Tutte - 21 Jan 2022 - 14:27:48 - 1067 of 1319 PENNANT INT. ; A BARGIN BUY + BIG DIVIDEND - PEN
They have GBP 22 million in existing order book as at the end of December, add to that this @9 million contract and the GBP 1.2 million civilian aviation software contract that has been agreed and is awaiting signature and the order book is now GBP 32 million.

In addition they see a qualified pipeline of opportunities of GBP 14 million on the software side and GBP 25 million on the technical training side. So they are looking at a qualified potential pipeline of close to GBP 40 million and for much of this work they are the incumbent or already selected.

They have been very clear about margins as well they are targeting 40% gross margins on the technical training business and in excess of 60% on the software (integrated product support business.

With a fair wind they could be doing a sustainable pre tax profit of at least GBP 5-6 million rolling forward. On a current market cap of GBP 14 million. A P/E of 10 x does not seem unreasonable to me, that is suggestive of a share price between 145p and 160p. Lots of upside from here.
W T Tutte - 20 Jan 2022 - 15:01:41 - 1060 of 1319 PENNANT INT. ; A BARGIN BUY + BIG DIVIDEND - PEN
Yes, this looks really good and is certainly cheap.

There is £11 million of order book to recognise this year + £2.7 million from the major program that should land in Q1 (9 million over 30 months) + £800k from the commercial aviation contract. So before the end of January they have £14.5 million of locked in. We could well be looking at revenue of almost £20 million for this year. At 40% gross margin that is a GOP of £8 million.

Could well see net profits of @£3 to £4 million. I reckon there is a good chance that this is on a 3x to 4x P/E for 2022.
Posted at 24/4/2024 00:08 by 40 fathoms
UK to increase defence spending to 2.5% of GDP .... in the current environment for small caps that news will probably knock another 25% of the share price !

I suspect that some of the current angst is that there is no news on larger contracts that they need in order to replace the Apache work which rolls off towards the end of this year.
Posted at 11/9/2023 07:18 by hastings
Agree with that Mas.WH Ireland comment below. Pennant International – PEN - Corporate – New Pennant, new partnership, attractive beachhead in training information management systemsMarket Cap £14m Share Price 38pThis morning's Reach announcement from PEN highlights a further step forward for the company as it continues to grow the software orientation of the business. We anticipate that the new partner, Aquila Learning Ltd, will form an attractive enhancement of PEN's capabilities in training information management systems based on Aquila's Learning and Requirements/Resource/Record Management System (ALaRMS). The agreement is expected to provide a platform for growth to PEN's partner, given PEN's extensive client list in the UK and elsewhere, while from a PEN perspective, it meaningfully extends the company's integrated product software suite in a clearly complementary area, adding to existing strong software-based skill-sets of the company in areas such as analysis and design, modelling and virtual publications / maintenance, together with other virtual databases and channels.This morning's newsflow comes on the back of the company's July 19th update which highlighted significant revenue cover for the current year (90%-plus), revenues 50%-plus recurring in nature, software licencing / related revenues approaching half the total, and a significant upswing from the prior year in profitability and margins. On the latter score, gross margins at 47% in H1-23 play 41% in the previous H1, a significant improvement, while the EBITDA margin doubled YoY and EBITA also rose substantially. WHI view: we view this morning's announcement as a further reflection of the positive direction now taken by PEN – its software activities are much more profitable than the traditional training equipment activities, and this looks to be an excellent fit in that context. We believe that the significant data inputs that PEN currently receives as a matter of course from its clients will now find a further outlet for future activity supportive of PEN's clients. Beyond this, more generally, we note strong statements of progress from OEM's in PEN's core defence sector, including perennial clients of the company such as BAE, and in general a strong platform for growth in areas where PEN's is skilled, such as the efficient use and maintenance of complex equipment ranging from defence to infrastructure, areas which continue to see good growth based on increasing complexity, the enhanced demand for efficiency and the strong defence sector. We retain our £15.5m revenue / £1.3m adj. PBT / 3.5p EPS forecast for the current year unchanged ahead of PEN's interim results, which are expected on September 27th. For the present, we are sticking with our 65p current fair value benchmark.
Pennant share price data is direct from the London Stock Exchange

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