Pennant International Group (PEN)

Sector:

IT Services

Index:

FTSE AIM All-Share

45.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 106.50
  • 52 Week Low: 36.50
  • Currency: UK Pounds
  • Shares Issued: 36.45m
  • Volume: 61,179
  • Market Cap: £16.58m
  • RiskGrade: 396

Pennant International buys Cambridgeshire-based rail services business

By Iain Gilbert

Date: Friday 19 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Training and support solutions provider Pennant International has acquired Cambridgeshire-based rail services business Track Access Services, bringing additional expertise and high-quality customer base to the group's rail sector portfolio.
Pennant said the acquisition of TAS, which provides safety-critical services to train operating companies and rail infrastructure providers, was part of its continuing strategic expansion, further strengthening its offering to civilian sectors.

The AIM-listed firm expects TAS, which it acquired for £100,000 in cash, to generate revenues of roughly £230,000 per annum.

Chief executive Phil Walker said the addition of TAS "significantly enhances" Pennant's capabilities in the rail sector and is aligned with its strategy of diversifying into non-defence markets and increasing its services offering.

"Together, Pennant and TAS will be able to offer comprehensive, added-value services through our combined experience, flexibility and expertise," he said.

At 0815 BST, Pennant shares were down 0.40% to 87.15p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PEN Market Data

Currency UK Pounds
Share Price 45.50p
Change Today -2.00p
% Change -4.21 %
52 Week High 106.50
52 Week Low 36.50
Volume 61,179
Shares Issued 36.45m
Market Cap £16.58m
RiskGrade 396

PEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.08% below the market average13.08% below the market average13.08% below the market average13.08% below the market average13.08% below the market average
22.11% above the sector average22.11% above the sector average22.11% above the sector average22.11% above the sector average22.11% above the sector average
Price Trend
71.68% below the market average71.68% below the market average71.68% below the market average71.68% below the market average71.68% below the market average
74.76% below the sector average74.76% below the sector average74.76% below the sector average74.76% below the sector average74.76% below the sector average
Income Not Available
Growth
30.34% above the market average30.34% above the market average30.34% above the market average30.34% above the market average30.34% above the market average
3.16% above the sector average3.16% above the sector average3.16% above the sector average3.16% above the sector average3.16% above the sector average

PEN Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Oct-15 16-Apr-15
Paid 11-Dec-15 01-May-15
Amount 1.00p 2.00p

Trades for 03-Jun-2020

Time Volume / Share Price
15:52 3,183 @ 47.00p
13:51 2,921 @ 43.10p
13:44 5,000 @ 47.50p
12:30 5,000 @ 43.25p
11:59 1,521 @ 43.50p

PEN Key Personnel

CEO Philip Walker

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