Pennant International (PEN)

Pennant International PEN Logo

A UK based company engaged in the provision of management services.

24-Sep-2018 – 123p – £40.5m – PER 12.4

Interim Results For The 6 Months To End June 2018 – Revenues of £13.2m (H1 2017: £9.6m), PBT of £2.03m (H1 2017: £0.94m), Basic EPS of 6.17p (H1 2017: 2.84p) – FY to be in-line.

First time coverage here but I will look into this a little more as forecasts (on Stockopedia) look OK, for a PER of 12 or so.

12-Mar-2019 – 111.5p – £40.2m – PER 11.5

Results For The 12 Months To End December 2018 – Revenue up 15% or so, PBT and EPS doubled (or thereabouts), the Order book is up about 10% (to £37m) and there’s Net Cash.

Looks great but forecasts show a 5% increase in EPS next year, will keep an eye out for Broker notes.

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