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PNN Pennon Group Plc

596.00
9.00 (1.53%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Pennon Group Plc PNN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
9.00 1.53% 596.00 16:29:51
Open Price Low Price High Price Close Price Previous Close
581.50 581.50 605.50 596.00 587.00
more quote information »
Industry Sector
GAS WATER & UTILITIES

Pennon PNN Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
29/11/2023FinalGBP0.303325/07/202426/07/202405/09/2024
01/06/2023InterimGBP0.140425/01/202426/01/202405/04/2024
30/11/2022FinalGBP0.297720/07/202321/07/202304/09/2023
31/05/2022InterimGBP0.129626/01/202327/01/202305/04/2023
30/11/2021FinalGBP0.268321/07/202222/07/202205/09/2022
30/11/2021InterimGBP0.11727/01/202228/01/202205/04/2022
24/11/2020FinalGBP0.149722/07/202123/07/202102/09/2021
03/06/2021SpecialGBP3.5505/07/202102/07/202116/07/2021
24/11/2020InterimGBP0.067728/01/202129/01/202101/04/2021
26/11/2019FinalGBP0.301123/07/202024/07/202002/09/2020
26/11/2019InterimGBP0.136623/01/202024/01/202003/04/2020
InterimGBP0.136622/01/202024/01/202003/04/2020

Top Dividend Posts

Top Posts
Posted at 03/7/2024 14:57 by essentialinvestor
If you add the £1.4 bn special dividend on to the current market cap - it's still £700 million Below the net cash received for Virdor.

The £500 Million share buy back was arguably completely waisted.

The current dividend is unsustainable imv and net debt is rapidly heading for £4 bn.

To describe this as a sh1tshow is still being kind.

Add in inflation and it's significantly worse still.
Posted at 02/7/2024 17:33 by essentialinvestor
net, do you see the current dividend policy as sustainable and take a look at their increasing net debt.

Trading stock only is my take.
Posted at 11/6/2024 11:05 by essentialinvestor
Net debt may be above £4 billion
within 18 months.

FY '26 estimates on pre tax is under £140 million.

Current dividend is unsustainable imv.


As this is a public forum I'm couching the above in conservative terms.

Trading opportunities still possible.
Posted at 24/5/2024 13:32 by randomwalker
My next door neighbour was at a meeting of Kingswear Council 2 days ago. The representative of SWW was there along with a hostile crowd of residents. My neighbour was there about something else, but stayed throughout the SWW chap as he was interested (and also initially hostile, having got his information from the media)
Turns out that the entrance of the parasite into the water was not SWW's fault at all. It was caused by someone (probably the farmer on whose land the valve was) damaging the valve. It is private land, so SWW had to get permission to enter it to check. This took time. They did not say the source of the cryptosporidium was NOT the water supply, only that it was very unlikely. There are 6000-7000 cases in the UK each year and hardly any are due to the water supply.
When it was proved that the source of the Hillhead crypto was the water tank there, SWW took immediate action. Boil water notices and distribution of bottles to residents especially disabled/old ones. That still applies to people fed by the Hillhead and Boohay tanks (which includes Kingswear)
The SWW chap was asked how many valves are there on private land & why wasn't it checked? The answer was "many thousands" and they have to get permission for each check.However, the landowners have a duty to report damage.....which did not happen.
The farm is insured.
I do not work for PNN/SWW, nor do any of my family.....and I was annoyed by the whole thing. However, I have just bought PNN shares!
Posted at 23/5/2024 12:38 by essentialinvestor
Cirl, selling Virdor was one of the poorest management decision I've seen.

And I'm not saying this after the event, i mentioned at the time a separate listing, with PNN holding 51% was the way to extract maximum value.

The decision to sell the lot arguably cost shareholders 2-3bn plus imv.

Just shocking.
Posted at 23/5/2024 12:05 by cirlbunting1
Compared to the sector, dont think PNN is overvalued. Quite the opposite in fact, despite the fine & controversy with SWW. Havent got a position and my limit has been removed, but will look to start building if it reaches lvls below 6.
Posted at 23/5/2024 10:49 by 1knocker
I have had the last of my Pennon holding on the 'sell' list for some time. Water companies (like the rest of us) will have a pretty thin time under Labour.

Unfortunately, I hung on to take a final dividend before exiting. The announcement of an early election, and the NG rights issue and 'rebasing' [aka reducing] of its dividend have knocked the utility sector for 6.
Posted at 20/5/2024 20:16 by grabster
Compensation claims against South-West Water from Brixham business owners and their insurers are going to be massively bigger than so far acknowledged by Pennon. Many will be claiming for stripping out entire plumbing systems throughout hotels and the like, as the only way of confidently eradicating contamination, rather than accepting a cleansing fee. I agree that the reaction shown by the PNN share price has been pretty remarkable so far, considering that SWW contributes more than four-fifths of Pennon's profits, making this far more than just a brief local issue.
Posted at 08/4/2024 09:15 by daler1966
Yes also looking may buy for Divi
Posted at 02/12/2023 07:05 by r9505571
For H1 2023/24 the Board has declared an interim dividend of 14.04 pence, representing an increase of 8.3% on H1 2022/23 (H1 2022/23 interim dividend of 12.96 pence). The interim dividend will be paid on 5 April 2024 to shareholders on the register on 26 January 2024. Pennon offers shareholders the opportunity to invest their dividend in a Dividend Reinvestment Plan (DRIP).

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