We are encouraged by this morning’s trading update from PEN which highlights FY2017E results to be in line with expectations, coupled with a strong order book underpinning FY2018E and a live pipeline which contains some good upfront opportunities. The business last year supplied a wider range of embedded high-quality clients than ever before, and we view the growing granularity of the business as a positive, in addition to the meaningful overseas exposure (covering the majority of the client-bas ....
12 Feb 2018
Inline update; pipeline strong; clear guidance on IFRS 15
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Inline update; pipeline strong; clear guidance on IFRS 15
Pennant International Group plc (PEN:LON) | 31.0 -0.2 (-1.6%) | Mkt Cap: 11.4m
- Published:
12 Feb 2018 -
Author:
Nick Spoliar -
Pages:
4
We are encouraged by this morning’s trading update from PEN which highlights FY2017E results to be in line with expectations, coupled with a strong order book underpinning FY2018E and a live pipeline which contains some good upfront opportunities. The business last year supplied a wider range of embedded high-quality clients than ever before, and we view the growing granularity of the business as a positive, in addition to the meaningful overseas exposure (covering the majority of the client-bas ....