Pennant International Group (PEN)

Sector:

IT Services

Index:

FTSE AIM All-Share

 87.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 133.00
  • 52 Week Low: 56.50
  • Currency: UK Pounds
  • Shares Issued: 36.11m
  • Volume: 11,109
  • Market Cap: £31.60m
  • RiskGrade: 278
  • Beta: 0.37

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 87.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 133.00
52 Week Low 56.50
Volume 11,109
Shares Issued 36.11m
Market Cap £31.60m
Beta 0.37
RiskGrade 278

PEN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.83% below the market average33.83% below the market average33.83% below the market average33.83% below the market average33.83% below the market average
44.90% above the sector average44.90% above the sector average44.90% above the sector average44.90% above the sector average44.90% above the sector average
Price Trend
34.91% below the market average34.91% below the market average34.91% below the market average34.91% below the market average34.91% below the market average
29.52% below the sector average29.52% below the sector average29.52% below the sector average29.52% below the sector average29.52% below the sector average
Income Not Available
Growth
83.92% above the market average83.92% above the market average83.92% above the market average83.92% above the market average83.92% above the market average
90.10% above the sector average90.10% above the sector average90.10% above the sector average90.10% above the sector average90.10% 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 13-Nov-2019

Time Volume / Share Price
12:48 5,600 @ 88.00p
11:32 4,800 @ 88.50p
08:55 709 @ 86.30p

PEN Key Personnel

CEO Philip Walker
Finance Director Gary Barnes

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