Today’s announcement that PEN has been provisionally chosen to provide training equipment for a £25-30m contract with an undisclosed client has the potential to open a major new chapter for the business. Assuming the provisional award is confirmed, this would effectively double PEN’s order book and could generate forecast visibility into FY20E and beyond together with potential upside. The announcement is necessarily short on detail and remains contingent, but assuming success both with this con ....
09 Aug 2018
Conditional award with transformative potential
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Conditional award with transformative potential
Pennant International Group plc (PEN:LON) | 28.5 0 0.0% | Mkt Cap: 10.5m
- Published:
09 Aug 2018 -
Author:
Nick Spoliar -
Pages:
5
Today’s announcement that PEN has been provisionally chosen to provide training equipment for a £25-30m contract with an undisclosed client has the potential to open a major new chapter for the business. Assuming the provisional award is confirmed, this would effectively double PEN’s order book and could generate forecast visibility into FY20E and beyond together with potential upside. The announcement is necessarily short on detail and remains contingent, but assuming success both with this con ....