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PEN Pennant International Group Plc

24.00
-0.60 (-2.44%)
26 Jul 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
  -0.60 -2.44% 24.00 74,015 08:00:00
Bid Price Offer Price High Price Low Price Open Price
23.00 25.00 24.00 24.00 24.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 13.69M -901k -0.0213 -11.27 10.41M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:20:44 O 10 24.9818 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
2024-07-26 14:20:4524.98102.50O
2024-07-26 14:11:1324.282,710657.91O
2024-07-26 13:26:0124.2514,0003,395.00O
2024-07-26 10:02:1624.193,000725.58O
2024-07-26 09:25:0824.1142,26210,189.79O

Pennant (PEN) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 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 24.60p.
Pennant currently has 42,314,205 shares in issue. The market capitalisation of Pennant is £10,155,409.
Pennant has a price to earnings ratio (PE ratio) of -11.27.
This morning PEN shares opened at 24p
Posted at 21/6/2024 08:25 by hastings
Well, we know that they have been asked to quote on in excess of £30m as mentioned just last month, so given the historic average win rate they should pick up some substantial business. As I've mentioned before, PEN' services are at the back end of the defence food chain, so although very frustrating we could see a number of wins drop through in quick succession. Importantly there is £70m plus potential just from the Training aspect, so plenty of opportunities. Obviously we need some orders to come through now and if that happens, the shares should really bounce from these levels.
Posted at 23/5/2024 17:08 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 14/5/2024 07:27 by hastings
New Chairman is a serious shaker and mover having co-founded Bridgewell Group and a key player at Miton, which remains a major holder at PEN. One does wonder whether PEN may prove attractive now to a larger player in the space!
Posted at 10/5/2024 10:15 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 01:08 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 18/4/2024 16:25 by chrisdgb
Certainly managed to weaken the share price today with the musings.......
Posted at 18/4/2024 14:42 by hastings
Be very surprised if there was a raise now and anywhere around this level, having spoken with the CEO a couple of months back unless something has changed.They should be in an altogether better place financially this year and being at the back end of the defence spend food chain, they should now, at last begin to benefit.I believe the CEO is back from his hols, so results shouldn't be far away.Last year is largely irrelevant though, it's the current year that will determine share price direction.
Posted at 18/4/2024 11:54 by w t tutte
I find it odd that the share price does not react to the positive drum beat on defence spending.
Posted at 04/2/2024 10:20 by hastings
Nice to see CNC another of my holdings tipped in the Sunday press, so perhaps PEN'S turn isn't too far away!With defence firmly in the spotlight and likely to remain so for sometime to come, the company looks very well placed with other areas such as rail also likely to benefit.Although the full year results aren't far away now, it's the new financial year outlook that should be of real interest and could provide for a quick start to the share price.
Posted at 11/9/2023 08:18 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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