Simon Thompson 

Small-cap recovery buys

Simon Thompson

Simon Thompson

Pennant (PEN:34.5p), an Aim-traded supplier of products and services that train and assist engineers in the defence and civilian sectors, delivered the annual results I had previewed a few months ago (‘Follow the insiders’, 24 February 2020). However, the share price has been hit on concerns relating to the Covid-19 impact on the company’s operations. They are being massively overplayed.

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