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Pennant International – 2021 results, is its 2022 “increasing confidence” justified?

By Steve Moore | Wednesday 25 May 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Pennant International (PEN) has announced its 2021 “second half was stronger, generating an EBITA profit of £0.2m” and “the current year has started well. In March 2022, we finally secured the Major Programme for Boeing Defence United Kingdom Limited… the board views prospects for 2022 with increasing confidence”. So what of a current 36.5p share price, down more than 6%?...

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