There is encouragement this morning from PEN on (1) the re-scoped contract which was flagged in the company’s recent update and (2) a £10m Mid-East contract which sits in its pipeline. The re-scoped contract was originally awarded in September 2015 and saw delays last year, but has been successfully adapted to accommodate changed requirements on the part of the client. As such, and with clear delivery timelines, it is now both larger and more profitable than it was in its original form two and a ....
20 Mar 2018
Re-scoped contract now formalised, Middle East prospects good
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Re-scoped contract now formalised, Middle East prospects good
Pennant International Group plc (PEN:LON) | 29.7 0 0.0% | Mkt Cap: 11.0m
- Published:
20 Mar 2018 -
Author:
Nick Spoliar -
Pages:
4
There is encouragement this morning from PEN on (1) the re-scoped contract which was flagged in the company’s recent update and (2) a £10m Mid-East contract which sits in its pipeline. The re-scoped contract was originally awarded in September 2015 and saw delays last year, but has been successfully adapted to accommodate changed requirements on the part of the client. As such, and with clear delivery timelines, it is now both larger and more profitable than it was in its original form two and a ....