ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

PNN Pennon Group Plc

661.00
12.50 (1.93%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pennon Group Plc LSE:PNN London Ordinary Share GB00BNNTLN49 ORD 61 1/20P
  Price Change % Change Share Price Shares Traded Last Trade
  12.50 1.93% 661.00 1,779,558 16:35:08
Bid Price Offer Price High Price Low Price Open Price
655.00 656.00 656.00 646.00 646.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Sewerage Systems 797.2M 100k 0.0004 - 1.71B
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:31 O 2,000 650.068 GBX

Pennon (PNN) Latest News

Pennon (PNN) Discussions and Chat

Pennon Forums and Chat

Date Time Title Posts
10/4/202415:30Pennon into orbit ?1,338
22/1/202220:19Pennon - South West Water & Viridor Waste156

Add a New Thread

Pennon (PNN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:28:32650.072,00013,001.36O
17:13:26649.482,05613,353.31O
17:11:57648.611,89212,271.68O
17:10:24650.103,17620,647.27O
17:07:52661.0026171.86O

Pennon (PNN) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Pennon Daily Update
Pennon Group Plc is listed in the Sewerage Systems sector of the London Stock Exchange with ticker PNN. The last closing price for Pennon was 648.50p.
Pennon currently has 261,327,467 shares in issue. The market capitalisation of Pennon is £1,711,694,909.
Pennon has a price to earnings ratio (PE ratio) of 16375.00.
This morning PNN shares opened at 646p
Posted at 10/4/2024 15:30 by cirlbunting1
5.51 was the lowest closing price for the last 18+ years and that was on 28.09.23. Will need to enter here with 2 tranches as opposed to my normal 4 (due to funds). First limit at 6.03 set.
Posted at 17/1/2024 10:39 by chc15
Seems the timing of the deal was good for pnn, not so much for the buyers.
Posted at 16/1/2024 13:24 by pierre oreilly
I just bought some for the income due to similar reasons as you describe. If large shareholders were prepared to put in cash at a higher price, then the current price is likely to be ok. And of course, pnn now has plenty of cash to play with.
Posted at 16/1/2024 13:21 by apollocreed1
Which is bizarre because PNN stated that they'd canvassed large shareholders as to the appetite to invest in their takeover and the results were positive.
Posted at 12/1/2024 03:50 by apollocreed1
They dropped below the offer price a few times today. Hard to understand why anyone would be selling so soon after the offer
Posted at 10/1/2024 08:25 by chc15
Anyone going for the pb offer? Wonder what the price will be.
Posted at 20/7/2023 17:37 by essentialinvestor
OFWAT also regulate Thames Water, that would not provide me with any comfort.

ON PNN, the current dividend is not sustainable imv, luck with your holding.
Posted at 11/5/2023 09:20 by pierre oreilly
Anyone got any positive points for pnn?I really can't see any, even though I wouldn't mind buying back in here.Everything i read makes me think pnn is some sort of social service, really generous to customers, themselves, partners - everyone except shareholders. I'm holding off buying back yet
Posted at 03/6/2021 17:40 by samewe
In theory, share price drops by the same amount of special dividend, therefore the idea of share consolidation of 3 to 2 is to assume that the share price ex share price div should be the share price on 2 June of 1070p. If not the projected share price on ex divi day should be 1070 less 355p. We hope that with reduced share capital of 30%, EPS should go up and in turns delivers higher divi and high share price in the long term.
Posted at 13/6/2020 10:07 by pierre oreilly
Rim, just some thoughts using your numbers (which agree roughly with my views too)

You say divi to be il 2.5-3.0%, so say 2.75%, fair enough.

We know the post-everything pnn divi will be about 21.11p, meaning a share price (@2.75%) of £7.68p when all done and dusted, agree with that.

You expect £1-1.5bn (say 1.25bn) of the virid proceeds to be returned to shareholders (as a special divi - no evidence of that yet but still). So that means you expect a special of £2.97 per share.

So the total value you expect is £2.97 cash divi plus a pnn share price post return of £7.68, being £10.64. I suppose being generous, we could add on the upcoming divi of 30.11p making a grand total expected exall value of £10.94. That is a little better than i thought, and think, but it seem there's nothing left in the current price (let alone being risk free under £11!).

All fair enough and reasonable, except the risk of something not going as you envisage. I came out with a value a couple of quid less than using your assumptions. I don't like the very high implied p/e pnn will be sitting on post everything @7.68 (something like mid 20s) and to me the very high risk of the cash back not being cash in the hand. The risk of the cash into the pension pot being greater than you expect is large imv. All in all, the pnn price atm pretty much reflects the ex all value, if a little optimistically, imv.

Very interesting the security of pnn should the market as a whole tank. This would be a better place than most to avoid the worst of that.
Pennon share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock