New £5m contract win heralded – expected to convert in 2020
News from PEN this morning that it has received a Statement of Intent for a contract to supply training aids to a long-standing client in the Middle East adds yet another piece to the 2020 jigsaw, assuming conversion. With £20m revenues forecast for the current year, and the company “optimistic” about conversion FY20E, the extra £3m anticipated for 2020 looks like taking estimated revenue cover in the current year from 70%-plus to more ....
19 Feb 2020
WHI Morning Comment: Pennant International (PEN)
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WHI Morning Comment: Pennant International (PEN)
Pennant International Group plc (PEN:LON) | 29.7 0 0.0% | Mkt Cap: 11.0m
- Published:
19 Feb 2020 -
Author:
Nick Spoliar -
Pages:
4
New £5m contract win heralded – expected to convert in 2020
News from PEN this morning that it has received a Statement of Intent for a contract to supply training aids to a long-standing client in the Middle East adds yet another piece to the 2020 jigsaw, assuming conversion. With £20m revenues forecast for the current year, and the company “optimistic” about conversion FY20E, the extra £3m anticipated for 2020 looks like taking estimated revenue cover in the current year from 70%-plus to more ....