Simon Thompson 

Pennant’s recovery potential

Simon Thompson

Simon Thompson

I have had a lengthy and frank discussion this morning with Phil Walker, chief executive of Pennant (PEN:62p), an Aim-traded supplier of products and services that train and assist engineers in the defence and civilian sectors, after the company announced delays to some contracts that led to house broker WH Ireland cutting its 2019 pre-tax profit estimate in half to £1.8m on Friday last week.

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
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