Pennant International Share News (PEN)

Pennant International´s annual profit powers ahead

- Full-year profit rises 40 per cent - Wins a string of major contracts - Confident for future trading, lifts dividend payment 30 per cent Training services firm Pennant International booked a 40 per cent surge in annual profit and, with a string of major new contracts, looks ahead to future tradin

DIRECTOR DEALINGS: Pennant International Finance Director Sells Shares

Pennant International boosts dividend by a third

Logistics support specialist Pennant International posted a fifty per cent increase in half year pre-tax profit and raised its dividend payment by a third. The group, makes training simulators and computer based training for military and commercial aerospace, said pre-tax profit rose to £1.14m in t

Monday broker round-up UPDATE

Anglo American: Citi increases target price from 1400p to 1500p reiterating a neutral rating. Atkins: Jefferies raises target price from 950p to 1075p and retains a hold recommendation. Capita: Berenberg takes target price from 955p to 1060p, while downgrading from buy to hold. Cineworld Group: N

Wednesday broker round-up UPDATE

Aggreko: UBS cuts target price from 1975p to 1850p downgrading from buy to neutral. JP Morgan revises target price from 1870p to 1800p and retains a neutral rating. Alliance Pharma: Investec shifts target price from 35.20p to 35.80p, while downgrading from add to hold. Associated British Food: UBS

Pennant International sees double annual profits

Pennant International Group said on Tuesday that annual pre-tax profits more than doubled as the supplier of logistic services to the transport industry won major contracts. The company, which serves to defence, rail, aerospace, naval and government departments, reported a pre-tax profit of £1.6m f

Tuesday broker round-up UPDATE

Admiral Group: Canaccord Genuity raises target price from 1050p to 1215p, but reiterates its sell recommendation. BAE Systems: Investec moves target price from 325p to 375p retaining a hold recommendation. Balfour Beatty: Numis lowers target price from 330p to 300p and downgrades to add. BHP Bill

Pennant International awarded largest contract ever

Pennant International Group, an AIM-listed supplier of integrated logistics support solutions, products and services, has been awarded its largest ever contract. The deal, which is worth approximately £16m over a period of five years is for the development and through life support of training equi

Pennant International profits soar

Pennant International, the training firm focused on defence, rail and aeronautics clients, has reported big rises in revenues and profits as a steady stream of major contracts has buoyed first half results. Revenue for the six months to the end of June were £7.1m, up 43% on the same period of last

Pennant International raises full-year expectations

Simulation and training provider Pennant International lept in morning trading after it increased its full-year forecasts. Without providing any figures the company said that its directors have carried out a review of current trading. "This has shown improved performance in all operating division

Small caps round-up: Cello, DDD, Kewill...

Marketing firm Cello Group has reported good trading during the first three months of the year, reflecting 'the strong pipeline of work secured at the end of 2011 and a solid flow of bookings'. The research and consulting division was a strong performer, while the group's focus on the pharmaceutic

Pennant gets lift off on helicopters contract

Pennant, the computer simulation training and logistics company, shot up on Monday on the back of an increase in the size of its AgustaWestland helicopters contract. Pennant's biggest business is providing training systems for engineers, mainly in the defence sector, with the Training division gene

Pennant eyes better than expected 2012

Training services firm Pennant International said it expects revenues in 2012 are now likely to exceed previous expectations after an increase in the delivery of major contracts. Trading in the second half of the year ending 31 December 2011 has continued in line with expectations and the order boo

Pennant surges on helicopter contract

Pennant International leapt Tuesday after it was awarded a £10m aircraft training equipment contract with Anglo-Italian helicopter firm AgustaWestland. Through its wholly-owned subsidiary, Pennant Training Systems, the group will develop maintenance training equipment for the AW159 Lynx Wildcat he

Small caps: Avingtrans, Hydrogen, Murgitroyd...

Component designer Avingtrans has been chosen by Siemens MR Magnet Technology to manufacture precision machined formers for Siemens' next generation Magnetic Resonance Imaging systems. Once the product is in full production in 2012, the annualised value of this new product to Metalcraft will be ap