Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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and now hargreave hale investing, this is all coming good
It was his pension fund that sold the shares n(to existing institutional investors). Given that he is 69, the timing is perhaps understandable.
Weird timing to be dumping such massive amounts. Does not inspire confidence.
Some comment that may be of interest to others. http://www.privatepunter.co.uk/News/pennant-increasing-visibility-20-june-2016
I think most will wait until referendum done & dusted and will take profit from the last hike with the markets on a down day
Another contract and update - looks very good here "Following today's contract announcement and the phasing of other recently announced contract awards, the Group's Order Book now stands at more than £45 million with delivery currently scheduled as to £17 million in FY2016, £18 million in FY2017 and £10 million in FY2018. The fulfillment of the order book will absorb additional working capital. As a result, and being mindful of other future growth opportunities, the Directors believe that it is in the Company's best interests to retain cash and therefore have decided to suspend the payment of dividends until further notice. 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. Results for the six months ending 30 June 2016 are expected to be released in the second half of September 2016."
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well done all
Thats usually my trick lol
Sitting on a small loss. Day is far from over losses already remedied over at CN EL
Long term value added however it will take 8 months or more before this is properly reflected in results. Last set of accounts were very poor but should be the bottom. Board guidance sounds promising. Come back on a quieter day though..
Watch this go
ONLY 26 million shares very few in free float With a slight pressure of buys this will rocket RNS today is a hugely positive deal £13 million
I bought in too early, should have waited for it to settle. But punching in some quick numbers, it looks ok.
RNS Excellent contract win worth £13 million Commenting on the new awards, Chris Snook, Pennant CEO, said: "These are two very significant contracts for Pennant. Not only do they further enhance our reputation as one of the industry's foremost providers of leading edge equipment, software and support to aeronautical engineering training, they also provide a huge boost to our order book through 2016-17."
Sorry 65%
Why would you buy in at 59? That's like 25% up on an illiquid stock..... Terrible
I bought in at the high end at 59p, but that still looks cheap in the grand scheme of things.
....
Tiny MCAP - 8m Low amount of shares in issue - 28M 2 major contracts worth 13m Commenting on the new awards, Chris Snook, Pennant CEO, said: "These are two very significant contracts for Pennant. Not only do they further enhance our reputation as one of the industry's foremost providers of leading edge equipment, software and support to aeronautical engineering training, they also provide a huge boost to our order book through 2016-17." Mr Snook added: "These new orders provide the Board with a good degree of confidence that revenues and earnings for the current financial year ending 31 December 2016 are likely to significantly exceed current market expectations."
Mis-read RNS
I assumed this was the major contract? Unless you know of more coming?
Did you sell? Seems to be rising some more... 58 paid and not many sells - but can you sell? Im not in btw just liked the RNS a lot. Didnt expect SUCH a mark up. GL whatever you decide.