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.

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