Systems support software and training solutions group Pennant International (PEN) “is pleased to announce further commercial progress from its strategic partnership with Siemens Digital Industries Software, together with continued growth in annual recurring revenue from its Auxilium software suite”. How materially ‘pleasing’ is this from the valuation at a currently further up to 30p share price?
Pennant International (PEN) has issued a “valued at up to £5.75m” contract award announcement and what of the shares approaching 10% higher in response to 22.5p?
Most recently writing on software and training support company Pennant International (PEN), last month with the shares at 27.5p I reviewed ‘how “confident” to be really in “significantly second-half-weighted”?’ and concluded that the clear risks suggested avoid/sell. The shares most recently closed at 28p, but what of they currently falling to 25p on the back of a ‘trading update’?
Software and training support company Pennant International (PEN) has issued a “Business Update” announcement including that it “is pleased to report that the sale of the final two freehold units at Staverton Connection (Units D1 and D2) has now completed on a sale-and-leaseback basis” and that it is “confident that the group will meet market expectations for the full year”. So what about a currently further lower to 27.5p share price from 34p reached earlier this year?
Systems support and training to the aerospace, defence and adjacent safety-critical markets business Pennant International Group (PEN) has issued a trading update including CEO Philip Walker “pleased to report ongoing progress in the business” and also that the group “notes the UK Strategic Defence Review recently announced by the new Labour government, and is pleased to see that the new government has committed to increasing UK defence spending to 2.5% of GDP”. So what of a current 4% lower share price response to 24p?
Training systems, software and technical services group Pennant International (PEN) has issued a trading update emphasising “Record Gross Margin & Return to Operating Profit” and announced the appointment of a non-executive director Chair designate.
Safety-critical industries training technology and integrated product support services group Pennant International (PEN) has announced results for the first half of the 2023 calendar year and that it is confident of meeting full-year market expectations. So what of this from its current valuation?
Safety-critical industries training technology and product support services group Pennant International (PEN) has announced new contract wins, emphasising they showing recent momentum being maintained, and currently helping the shares up to 38p.
Safety-critical industries training technology and integrated product support services group Pennant International (PEN) has announced results for the 2022 calendar year, emphasising “a much-improved performance” and “a contracted year end order book of £25 million (2021: £22 million), underpinning forecasts and providing good visibility for 2023 and beyond”.
Pennant International (PEN) has announced an acquisition of Track Access Productions Limited for an Enterprise Value of £0.585 million, emphasising that it “significantly enhances existing Rail offering, adds recurring revenues and further diversifies group business lines”.









