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By Steve Moore | Wednesday 22 September 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Previously writing on provider of technology-based training and support to the defence and regulated civilian sectors Pennant International (PEN), I concluded last month as the shares fell to below 30p ‘it argues it “expects to make an EBITA profit for the current six months to the 2021 year-end”, but that’s somewhat bullshit earnings and compares to a still market cap of £10.5 million. With, I suggest, there doubt on even those ‘earnings’ for the full-year considering the noted dynamics, I certainly currently continue to avoid’. The shares last closed at 26p, but are currently back up towards 30p on the back of half-year results…
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