Pennant International Group (PEN)

Sector:

IT Services

Index:

FTSE AIM All-Share

 37.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 40.00
  • 52 Week Low: 26.00
  • Currency: UK Pounds
  • Shares Issued: 36.71m
  • Volume: 0
  • Market Cap: £13.77m
  • RiskGrade: 224

Pennant International order book contracts in H1

By Iain Gilbert

Date: Tuesday 31 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Training technology provider Pennant International said on Tuesday that its first-half order book had slumped year-on-year as a result of the Covid-19 pandemic.
Pennant said its contracted order book scheduled for delivery over the next three years stood at £25.0m at the end of the first half, down from 31 December's figure of £31.0m, as pipeline conversion during the period was suppressed by reduced customer procurement activity.

The AIM-listed group also said that the completion of the integrated review of security, defence, development and foreign policy being undertaken by the UK government had impacted guidance. Pennant also added it had been informed that "further substantial customer consideration" of its "major programme" will likely not take place until November 2021, meaning that any potential contract award might not take place until 2022.

"The group is working hard to accelerate pipeline conversion wherever possible and active negotiations are ongoing in relation to multiple new opportunities, including several potential sales of substantial software and services packages through the IPS division and significant bid activity within technical training division predominantly comprising software solutions for rail and aviation sector customers," said Pennant.

In terms of interim trading, Pennant said the trading was again predicted to be second-half weighted, with the firm anticipating to report revenues of approximately £7.4m in the first half, resulting in a loss before interest, taxation and amortisation of £1.0m. Net debt at the end of the period was broadly flat at £1.9m.

As of 1025 BST, Pennant shares had slumped 13.46% to 28.12p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PEN Market Data

Currency UK Pounds
Share Price 37.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 40.00
52 Week Low 26.00
Volume 0
Shares Issued 36.71m
Market Cap £13.77m
RiskGrade 224

PEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.06% above the market average0.06% above the market average0.06% above the market average0.06% above the market average0.06% above the market average
34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average
Price Trend
37.47% above the market average37.47% above the market average37.47% above the market average37.47% above the market average37.47% above the market average
48.62% above the sector average48.62% above the sector average48.62% above the sector average48.62% above the sector average48.62% above the sector average
Income Not Available
Growth
28.43% below the market average28.43% below the market average28.43% below the market average28.43% below the market average28.43% below the market average
40.59% below the sector average40.59% below the sector average40.59% below the sector average40.59% below the sector average40.59% below the sector average

PEN Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Oct-15 16-Apr-15
Paid 11-Dec-15 01-May-15
Amount 1.00p 2.00p

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

PEN Key Personnel

CEO Philip Walker
Chair John Ponsonby

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