Pentagon Protection shares rocket on contract win

Shares in Pentagon Protection, a window film maker, leapt over 70 per cent on Thursday after being awarded a major contract for the supply of portable x-ray equipment by a long-term existing client.

Shares in Pentagon Protection, a window film maker, leapt over 70 per cent on Thursday after being awarded a major contract for the supply of portable x-ray equipment by a long-term existing client.

The company was unable to provide any detailed information other than to say the contract was worth £1.9m.

Pentagon's Managing Director, Steve Chambers said: "This contract for our security division complements the recently announced contracts for our window film division, strengthening the financial position of the group as a whole.

"The size of this contract and its contribution to profits provides us with the financial underpinning necessary to aggressively pursue additional contracts within our sales pipeline."

The group'a share price had leapt 70.59% to 10.88p by 10:00.

NR

Recommended

Share tips of the week – 28 January
Share tips

Share tips of the week – 28 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
28 Jan 2022
Which assets will benefit as the “jam tomorrow” bubble pops?
Investment strategy

Which assets will benefit as the “jam tomorrow” bubble pops?

With tech stocks, cryptocurrencies and many other “long duration” investments crashing hard, the “jam tomorrow” bubble looks to be bursting. John Step…
24 Jan 2022
Three innovative Asian stocks to buy now
Share tips

Three innovative Asian stocks to buy now

Professional investor Fay Ren of the Cerno Pacific Fund highlights three of her favourite Asian stocks to buy now
24 Jan 2022
Share tips of the week – 21 January
Share tips

Share tips of the week – 21 January

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
21 Jan 2022

Most Popular

Shareholder capitalism: why we must return power to listed companies’ ultimate owners
Investment strategy

Shareholder capitalism: why we must return power to listed companies’ ultimate owners

Under our system of shareholder capitalism it's not fund managers, it‘s the individual investors – the company's ultimate owners – who should be telli…
24 Jan 2022
Amazon halts plans to ban UK Visa credit card payments
Personal finance

Amazon halts plans to ban UK Visa credit card payments

Amazon has said that it is to shelve its proposed ban on UK customers making payments with Visa credit cards.
17 Jan 2022
Temple Bar’s Ian Lance and Nick Purves: the essence of value investing
Investment strategy

Temple Bar’s Ian Lance and Nick Purves: the essence of value investing

Ian Lance and Nick Purves of the Temple Bar investment trust explain the essence of “value investing” – buying something for less than its intrinsic v…
14 Jan 2022