Pennant International “Opportunity to scale with Tier 1 suppliers” says UK Fund Manager (LON:PEN)

Pennant International
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Pennant International Group plc (LON:PENand its opportunity to scale in the global defence sector is discussed by Co-fund manager, Gervais Williams of Miton UK Microcap Trust plc (LON:MINI) as part of a wide-ranging interview on the UK investment trust. Stocks in the defence sector are particularly attractive with ongoing geopolitical tensions. Reflecting this trend, Labour has recently committed to increase UK defence spending to 2.5% of GDP.

DirectorsTalk asked: I’m keen to get your thoughts on Pennant International Group plc (LON:PEN) especially as it’s in the highly attractive defence sector?

Gervais William’s commented:

This is a company with heritage. It’s a long history of helping the military really support their hardware and things of vehicles and that kind of thing so you need a lot of specialists, trained individuals. They recruit a lot of people through and train them up. We think it’s actually, really very effective in that role. It’s not just working for the UK, it’s working around the world and it’s got some major contracts in discussion, Tier 1 suppliers.

I think it’s a really nice area. Again, a marketplace where we think there’s going to be more investment, opportunity for them to scale, considering it’s a really tiny company at the moment. It’s only a £10 million market cap so very, very overlooked. As I say, as those contracts come through, as it starts to win more contracts, the opportunity for these kinds of share prices to start rising at a time, as I say, when global markets might be unsettled is pretty exciting.

For the full interview and examples of UK stocks thriving in the current market conditions please see the following link. https://www.directorstalkinterviews.com/gervais-williams-explores-microcap-investments-trends-uk-and-us-video/4121167132

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