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).

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