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Penna Consulting - Shares 106% above January tip

December 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • PNA
  • Price:
  • 295p
ares in Penna Consulting, which we tipped at 143p in January and again at 200p in August, have performed well, hitting a new high of 295p in response to a strong set of first half results. These showed revenues increasing 68% (11% organic) to £48.4m while pretax profit excluding acquisition costs rose 56% to £3.5m. Operating margins sharply improved from 7.7% to 10.4%, while net cash was £6.7m. Penna is the market leader in career transition or outplacement (25% group sales), which grew revenues by 28% and is likely to continue enjoying the UK's soft labour market. But Penna also has several other businesses covering all stages of the employment life-cycle such as media planning, advertising, assessment selection, recruitment a ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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