Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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that is one excellent rns - �10m in the bank extra today �22m mcap? Nice.
The Group's interim results announcement published on 11 September 2017 highlighted that performance of one of its larger contracts with a major UK prime contractor for electro-mechanical trainers and courseware (the "UK Contract") had been delayed due to a re-scoping of the contract requirements. As confirmed in the Group's preliminary results announcement on 12 March 2018, the re-scoping of the UK Contract has been successfully completed and work has recommenced on the contract. The re-stated UK Contract was executed on 19 March 2018, concluding the legal formalities of the re-scoping. The contract value has been increased by �3.5 million to reflect the additional work required. The overall contract value is now just under �12 million with circa �8 million of revenue to be recognised over 2018, 2019 and 2020. With the fundamentals of the re-scoping (including rough-order-of-magnitude price) having been agreed between the parties prior to year-end (and a written agreement made on price early in the new year), the increased value was accordingly reflected within the order book of �34 million previously announced. David Clements, Pennant's Commercial & Risk Director, commented: "We are delighted to have concluded this important amendment to this key contract and look forward to supporting our customer in delivering world-class training aids to the UK Armed Forces." Statement of Intent received Furthermore, Pennant has also received a statement of intent from a major customer in relation to an opportunity to supply its training aids to an end user in the Middle East region. The opportunity is anticipated to be worth approximately �10 million. The opportunity remains subject to contract and the statement of intent does not guarantee that a contract will ultimately be awarded to Pennant. The timing of any contract award is not certain but the Group is optimistic about the contract's prospects and expects to obtain further clarity on the opportunity by the end of June 2018.
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sold first thing on news of ceo stepping down out of the blue, anbody any thoughts why ?
from the interims: "Return to profit; Trading in line with market expectations" think it will continue steady up methinks...dyor!!!
rise of late, hh bought more I wonder ?
trading range of 40-50 ? 45-55 ?. glad i bought back, was it 15p you were waiting for ? you should listen to R more lol well done on epwn btw, i missed that one
Indeed threeputt. Forward picture looks excellent with decent visibility into 2019. WH Ireland up target price upped to 80p, company confident of delivering the full year pre-tax £2.2m and EPS of 7.4p. The shares are imo, very good value and therefore happy to hold.
read again, these were interims, 2nd half weighted, the £2m is full year forecast pbt. Hargreave Hale n here too and have a good record
Don't know enough about it. Seems expectations were for more so will watch again. Ta.
only £10k profit isn't great? If it mentioned something regarding future margins I would have been happier. No sign of the £2m some on here were on about?
"Gross profit margin for the period also improved to 36.3% (Interim 2015: 27.7%) as a result of previously implemented cost controls and the sales mix." That seems decent to me no?
What were you expecting? Effectively nil tax Gone into profit No debt £2.6m cash £46m order book £20m mcap? What dont you like?
With an order book like that and a margin like that there isn't much scope here now.gla
Interim results out next Tuesday, which will be as previously cited, second half weighted. Current forecasts are for pre-tax £2.2m 2016 and £2.4m 2017. Previous write up below for any other holders or followers. Read more at http://www.cambridge-news.co.uk/private-punter-pennant-targets-more-success-as-share-price-soars/story-29423049-detail/story.html#gclMADuvLVqmcuW7.99
Interim results out next Tuesday, which will be as previously cited, second half weighted. Current forecasts are for pre-tax £2.2m 2016 and £2.4m 2017. Previous write up below for any other holders or followers. Read more at http://www.cambridge-news.co.uk/private-punter-pennant-targets-more-success-as-share-price-soars/story-29423049-detail/story.html#gclMADuvLVqmcuW7.99
Worth looking at the 16th June contract award & trading update (snippet below), it's the reason I am bullish long term here, also Hargreave Hale (very good record, reas up on Giles Hargreave) has bought heavily around the current price but has to be balanced against a Director offloading to them "The Company expects to return to profitability in the six months ending 30 June 2016, an outcome which is significantly better than the equivalent period last year. In addition, the Directors expect a further substantial improvement in trading in the second half and, based on the level of the confirmed order book, are confident that trading will exceed current market expectations for each of the financial years ending 31 December 2016 and 2017"
perhaps...but range may be lower than before imv...45-55p..or 40-50p??
has views on Pennant I'd be grateful... Seems to yo-yo so possible trading stock?? Many thanks, AP
no I changed my mind again as was well researched beforehand, on a free ride, and knowing shares went to HH fulfils my confirmation bias & fomo lol , bought them back cheaper just over placing price. I used to be indecisive....
seems wise..reassess sub 50p??
and ceo sells a million "to satisfy institutional demand", not convinced I am out !
"oversubscribed placing at 55p"... well not surprising considering current price 65p ask...
expansion now... slow and steady share nice to hold :)