Results yesterday, worth a look?
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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)

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."

market doing it's usual thing...... comp, up 40% sp drops......

StockMarketWire.com10th march 2017
Pennant International has swung to a FY pretax profit of £1.9m, from a year-earlier loss of £2.4m, along with suspending its final dividend and placing its dividend policy under review.

Chairman Simon Moore said the result was a strong one, and followed on from an improvement in second-half trading.

Revenue was almost doubled to £17.2m, from £9.9m.

Moore continued that the board was confident it could continue to increase revenues through organic growth, but it would also consider complementary strategic acquisitions.

He saw these as both increasing the depth and range of Pennant's offering to enhance underlying earnings.

"We have enjoyed a good start to 2017 and anticipate a healthy first half outcome with further good progress being achieved for the year as a whole," said Moore in a statement.

"Prospects remain very positive, taking into account the contracted Order Book valued at more than £38m which underpins the forward visibility of revenues well into 2019."

Directors had concluded that -- notwithstanding the much-improved trading performance and outlook, positive cash generation and nil net borrowings -- it was wise to retain cash for investment and working capital.

"The Board will therefore not be recommending the payment of a final dividend for the year ended 31 December 2016."

Lockheed Martin (UK) Limited exercises options on training contract for aircrew and engineering staff first announced in H1 2016
Pennant International Group plc ("Pennant"), 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 confirm that its wholly owned subsidiary, Pennant Training Systems Limited, has been notified that Lockheed Martin (UK) Limited, the UK subsidiary of the Lockheed Martin Corporation ("LMC"), one of the world's leading aerospace and defence contractors, has exercised its option to increase the value of the contract announced on 16 June 2016, from its initial value of £0.2m to in excess of £2.2m. This extension is scheduled for delivery across 2017 and 2018 and is supportive of current expectations.

Commenting, Pennant CEO Phil Walker, said: "This anticipated extension to the existing LMC contract helps to underpin current market revenue forecasts and will also make a valuable contribution to 2018 revenues.

"It also represents very important additional business from one of the world's leading aerospace and defence contractors and is positive proof of the skills, expertise and international reputation Pennant continues to enjoy. We look forward to further developing the relationship and to delivering another world-class training solution".