Results yesterday, worth a look?
G
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Pennant International Group PLC
Year to Dec. 31, 2003
()=Loss/Debit
Figs in GBP and pence (p), unless otherwise stated.
2003 2002

Sales 11,720,504 9,030,396
Pretax profit 711,498 (1,483,329)
Net profit 665,158 (1,483,329)
Basic EPS 2.08p (5.34p)
Diluted EPS 1.93p (5.14p)
Dividend 0.4p -

Edited Press Release
LONDON (Dow Jones)--Pennant Group reported Monday, for the year to 31 December 2003, a pretax profit of GBP0.7 million (2002: loss GBP1.5 million) and turnover of GBP11.7 million (2002: GBP9.0 million).
The continuing strong order bank, good cash position and strengthened balance sheet, combined with prospects for new business in all areas, gives the board confidence for continued progress in the current year.
The company's sales performance during 2003 has been in line with expectations and, in looking ahead, prospects remain good. As always, this is subject to contracts being awarded on time and running to schedule.
The strong order bank is being maintained and the positioning within potential markets is encouraging, with many new business opportunities in prospect. This situation extends to Group businesses in the U.K., USA, Canada and Australia.
In other areas the high level of interest shown in overseas markets for existing Pennant Training Systems products, such as GenFly and Hawk aircraft training systems, continues and there is potential for orders in the year ahead.
The change made to the organisation and management of Pennant Information Services Inc in the USA, with the appointment of a U.S. citizen as President and CEO, is also showing encouraging signs with new opportunities for OmegaPS software sales being identified.
(MORE) Dow Jones Newswires
March 22, 2004 03:49 ET (08:49 GMT)

Pennant International: WH Ireland increases target price from 59p to 90p and retains its buy recommendation.

Final Results

Highlights: Financial

· Group revenues increased by 40% to £14.47 million (2011: £10.35 million);

· Profit before tax more than doubled to £1.6 million (2011: £0.71 million);

· Profit for the year attributable to shareholders of £1.17 million (2011: £0.55 million);

· Basic earnings per share rose 124% to 4.46p (2011: 1.99p);

· Cash generated from operations of £0.8 million (2011: £2.2 million) ;

· Net cash at year-end of £2.17 million (2011: £2.34 million); Nil borrowings;

· Proposed Final Dividend increased by 40% to 1.4p per share (2010: 1p) making total for year of 2.0p per share (2011: 1.5p);

Highlights: Operational

Pennant's three operating divisions enjoyed strong organic growth, all increasing turnover and profits during the year, led by Training Systems Division





http://www.moneyam.com/action/news/showArticle?id=4557233

Pennant International sees double annual profits
Tue 19 Mar 2013

PEN - Pennant International Group


LONDON (SHARECAST) - Pennant International Group said on Tuesday that annual pre-tax profits more than doubled as the supplier of logistic services to the transport industry won major contracts.

The company, which serves to defence, rail, aerospace, naval and government departments, reported a pre-tax profit of £1.6m for 2012, up from £0.71m the previous year.

Group revenues increased by 40% to £14.47, supported mainly by the Training Systems Division which saw a 61% jump in turnover of £8.7m.

The business unit secured a number of new contracts including a £1.5m agreement to supply its parachute flight simulation system to Singapore Technology and Technology Agency and a £1.4m deal with BAE Systems for the delivery of training devices to Saudi Arabian Technical Studies Initiative.

This month, Pennant signed its largest contract in its history worth £16m over the next five years for the supply maintenance and support of a suite of training aids.

"The group is well placed with a record order book providing good visibility of revenues through 2013, 2014 and beyond," said Chairman Christopher Powell.

"Relationships with customers are good and the group's products and services are well received. In consequence, the pipeline is strong with good prospects for the short, medium and long term."

The board proposal a final dividend of 1.4p per share, a year-on-year increase of 40%, taking the total to 2

Good rise today.

:-))

i'm in for the long haul on this one.,.

Good on you Balerboy. :-))

up 17.5% to 74p ..... well in the money.,. oh yes.... yyyyyyyeeeeeeeeeehhhhhaa

Sp has trebled in last 12mths, profits doubled, cash generated from ops a little worrying in finals but maybe due to timing differences, div Inc just 40%. Broker targets reached so may have reached full value, time to sell before nxt results?...

Half Yearly Report

Highlights: Financial

· Group revenues increased by 38% to £9.8million (2012: £7.1million);
· Profit before tax up 51% to £1.14million (2012: £0.75million);
· Profit for the period attributable to shareholders of £0.87million (2012: £0.58million);
· Basic earnings per share increased by 50% to 3.31p (2012: 2.21p);
· Net cash at period end of £1.17million (2012: £2.07million); Nil borrowings;
· Interim dividend increased by 33% to 0.8p per share (2012: 0.6p)

Highlights: Operational

· Largest ever contract worth £16million over 5 years awarded during period by BAE Systems Australia Limited on behalf of Australian Defence Force; contract provides for further one year extensions up to 20 years;
· Contract worth up to £5million over five years awarded for support of training aids at a number of UK Ministry of Defence establishments;
· On schedule completion and delivery of first of two maintenance trainers for the AW 159 Wildcat helicopter under contract with Agusta Westland; value in excess of £12million;
· Successful completion of critical design review for Virtual Reality Parachute Flight Simulator for delivery to Singapore Defence, Science and Technology Agency;
· Growing consultancy revenues from Canadian Department of National Defence to maximize use of proprietary OmegaPS software suite;

Priced in, expect drift lower for a bit

One of my better buy's, hope it goes like asos...... dream dream dream :)

A buy in this weeks IC

I'm doing very well out of this one so far, plus it's a local firm near Glos, so not far to go if they under perform to give them a good cussing...... lol

Still on the climb with no apparent reason.,.

Doing very well 99p in at 15p woopydo.,.

Well done Bb. :-))

Interim report from last August.

5 August 2013
Pennant International Group plc
Interim Results for the six months ended 30 June 2013
Strong trading momentum maintained;
Earnings per share up 50%; Dividend up 33%;
Pennant International Group plc (“Pennant” or “the Group”), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to announce Interim Results for the six months ended 30 June 2013.
Commenting on the Group’s performance, Chairman Christopher Powell said:
“I am pleased to report continuing growth and further improvement in the performance of the Group. The period has seen the achievement of both operational and strategic milestones that position us well for the medium and longer term.”
Highlights: Financial
• Group revenues increased by 38% to £9.8million (2012: £7.1million);
• Profit before tax up 51% to £1.14million (2012: £0.75million);
• Profit for the period attributable to shareholders of £0.87million (2012: £0.58million);
• Basic earnings per share increased by 50% to 3.31p (2012: 2.21p);
• Net cash at period end of £1.17million (2012: £2.07million); Nil borrowings;
• Interim dividend increased by 33% to 0.8p per share (2012: 0.6p)
Highlights: Operational
• Largest ever contract worth £16million over 5 years awarded during period by BAE Systems Australia Limited on behalf of Australian Defence Force; contract provides for further one year extensions up to 20 years;
• Contract worth up to £5million over five years awarded for support of training aids at a number of UK Ministry of Defence establishments;
• On schedule completion and delivery of first of two maintenance trainers for the AW 159 Wildcat helicopter under contract with Agusta Westland; value in excess of £12million;
• Successful completion of critical design review for Virtual Reality Parachute Flight Simulator for delivery to Singapore Defence, Science and Technology Agency;
• Growing consultancy revenues from Canadian Department of National Defence to maximize use of proprietary OmegaPS software suite;
On current trading and prospects, Mr. Powell added:
“The order book provides good visibility through 2014 and beyond. During the period there has been significant ongoing activity with a broad global spread of potential customers on a number of significant opportunities, particularly in the defence and rail sectors.

Latest Share Price (p) 98.50 Net Gearing (%) 17.32
Market Capitalisation (£m) 25.01 Gross Gearing (%) 41.34
Shares in issue (m) 26.32 Debt Ratio 2.64
P/E Ratio 21.30 Debt-to-Equity Ratio 0.04
Total dividends per share (p) 2.00 Assets / Equity Ratio 1.71
Dividend Yield (%) 2.32 Price to book value 4.71
Dividend cover (x) 2.23 ROCE 0.23
Earning per share (p) 4.46 EPS Growth (%) 124.12
52 week high / low 96.00 / 42.75 DPS Growth (%) 33.33

Expecting a good rise this morning, hopefully will break through £1 barrier and hold.,.


Pennant Int'l FY pretax profit up 40%
StockMarketWire.com
Pennant International's FY pretax profit rose 40% to £2.25m, from £1.6m. Revenues rose 29% to £18.7m, from £14.5m. It proposed a final dividend of 1.8p a share, from 1.4p, taking the total to 2.6p, from 2p.

Chairman Christopher Powell said a number of major new contracts have been won and completed to customer satisfaction, enhancing the Group's profile and reputation.

"As a result, the Group is currently actively involved in a number of significant opportunities with existing and prospective customers," he said.

"These opportunities, together with the size and visibility from the current order book give confidence for the future."