A good update from PEN last week suggests that the company is turning the corner after muted newsflow in recent years (Covid, legacy GD contract), with very strong growth from the software business, excellent margin recovery (GM: 41%) and success with a number of major client programmes. Looking forward, and with the shares still trading at the lower end of the range, we believe there is now a real opportunity for enhanced shareholder returns. (1) While PEN remains a market leader in its tradi ....
02 Aug 2022
WH Ireland: Pennant International (PEN) - Repositioned stock set to deliver strongly over next 18 months
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WH Ireland: Pennant International (PEN) - Repositioned stock set to deliver strongly over next 18 months
Pennant International Group plc (PEN:LON) | 28.5 0 0.0% | Mkt Cap: 10.5m
- Published:
02 Aug 2022 -
Author:
Nick Spoliar -
Pages:
24
A good update from PEN last week suggests that the company is turning the corner after muted newsflow in recent years (Covid, legacy GD contract), with very strong growth from the software business, excellent margin recovery (GM: 41%) and success with a number of major client programmes. Looking forward, and with the shares still trading at the lower end of the range, we believe there is now a real opportunity for enhanced shareholder returns. (1) While PEN remains a market leader in its tradi ....