Simon Thompson 

Pennant’s bumper order book and earnings upgrade potential

Simon Thompson

Simon Thompson

Underpinned by growing momentum in its order book, Pennant (PEN:116p), an Aim-traded supplier of products and services that train and assist engineers in the defence and civilian sectors, has reported a 75 per cent rise in 2018 pre-tax profits to £3.18m on 16 per cent higher revenues of £21m. That is much as I had anticipated when I suggested buying the shares, at 109p, in my August Alpha Report ('Pennant International: Poised for a return to growth', 13 Aug 2018).

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now