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Share Name Share Symbol Market Type Share ISIN Share Description
Pennon Group Plc LSE:PNN London Ordinary Share GB00B18V8630 ORD 40.7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.90 -0.89% 992.60 994.40 995.40 1,011.00 987.20 1,000.00 1,075,986 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 1,389.9 301.5 47.7 20.8 4,193

Pennon Share Discussion Threads

Showing 1226 to 1249 of 1250 messages
Chat Pages: 50  49  48  47  46  45  44  43  42  41  40  39  Older
DateSubjectAuthorDiscuss
09/10/2020
10:34
Gateside, thanks for that nugget. I was just contemplating buying back in, not too keen due to the uncertainty, but keen due to the hopefully safe divi. I think the index angle is a real concern - index funds will have to sell out if it gets demoted. Anyhow, decided to wait until the air clears and see where this ends up. From a selfish pov, ideally for me would be demotion, consequential selling, and then a buyback as the cash return (i believe they are 100% committed to a cash return, and not a splurge with the cash). I rate the next few months a good rtime to start reinvesting in the markets again, and pnn will be one for me ... eventually.
pierre oreilly
09/10/2020
10:27
Back in June there was news Northumbrian Water might be for sale (owned now by Hong Kong company that bought Greene King).
dartboard1
09/10/2020
10:17
Good reason for the directors to keep hold of some funds and do an acquisition, hopefully not a silly one. The directors wouldn't want their salaries to be reduced down to FTSE 250 levels...
dartboard1
08/10/2020
16:24
So with the surplus cash being returned to shareholders, I assume then PNN will be demoted to the FTSE250?Wonder what effect that will have on the share price?
gateside
08/10/2020
15:23
Which in a perfect world is reinvested in earnings accretive acquisitions or capex that generates ROI... take your point though. Also, will they be subject to a big capital tax gain on the sale?
dartboard1
08/10/2020
15:04
An expectation the sum returned will be lower.
essentialinvestor
08/10/2020
14:20
Correct, although I think the MC has moved since I did it...Current market cap - 4,320mLess net proceeds of 2,764mGives MC following return of 1,556m88/1,556 = 5.7%Note that using this new MC and continuing PBT of 193m 1,556/193 = 8This seems way too low compared to peer group, so please if anyone can point out any errors from the back of envelope
dartboard1
08/10/2020
13:31
Right so let me get this straight, the net proceeds of Virdor = £3.7 Billion - £1 Billion in debt repayment and £33 million in pension payments leaves £2.665 Billion. If that remaining sum is returned it equates to a yield of 5.9% on the 21.11 pence annual dividend?.
essentialinvestor
08/10/2020
13:18
I calc it as 5.9%This is assuming all surplus from viridor is returned to shareholders via buyback, will be less if there are acquisitions instead.21.11p going forward = 88mAlso assumed the retirement of 900m in debt and 36m pension contribution from sale proceeds (announced).This is my largest holding...
dartboard1
07/10/2020
14:06
Has anyone calculated what the yield is on the new dividend policy, thanks in advance.
essentialinvestor
25/9/2020
13:07
No news on cash untill November
sllab101
25/9/2020
06:43
Yep, no surprises... but keen to find out what they're looking at doing with all that cash
dartboard1
25/9/2020
06:09
Solid trading update. Good sector to be invested in right now.
gateside
25/9/2020
06:08
Decent results?
lasata
18/9/2020
16:18
RBC Capital analyst Alexander Wheeler reinstated coverage of Pennon Group with an Outperform rating and 1,150 GBp price target. The analyst believes Pennon is trading below its fundamental valuation, with upside potential from accretive acquisitions as the market awaits further clarity on it will do with the remaining GBP 2.7B of Viridor cash proceeds.
rimau1
07/9/2020
14:06
£10 was an absolute gift
rimau1
25/8/2020
15:04
Yep, but its at an interesting level. They have £3.7bn of cash for a £4.2bn market cap. 21p dividend on £10 is 2.1% yield growing above inflation and that is before a shareholder return of x so the liklihood is a growing yield from a higher base. For a low risk alternative to a bank account i would buy these all day at this level. Unlikely to get any steer on return levels or earnings enhancing acquisitions until November so i would drip feed as it continues to fall. Risk reward good here IMO
rimau1
25/8/2020
14:35
All the excitement here about the Viridor disposal is long gone.
essentialinvestor
21/6/2020
11:14
Ok dik. Do let me know if you short this because i will be interested to see how that ends for you!
rimau1
21/6/2020
09:25
I'll probably reinvest any capital return back into PNNAgree high chance of takeover and well run company. Good low risk investment.
gateside
21/6/2020
09:22
No correct board...I put on my specsaver glasses...
diku
21/6/2020
09:17
Wrong board Diku!
rimau1
21/6/2020
08:58
Is it time to short this?...remember all the euphoria brings it back down to Earth...double top or triple top?...
diku
21/6/2020
08:16
Yes of course it will drop when it goes ex div. when you withdraw £10 from an ATM your bank balance goes down by £10! This is not a very small part of the investment case (that today the sum of the parts is still greater than the whole). The point is, post sale and post capital return my investment case is that over the next 2-3 years there will be a small lean efficiently run utility with an inflation linked secure dividend of 3%+ that will be of interest to many suitors such as infrastructure, pensions and private equity companies. Management is strong and the money they set aside for growth opportunities should be invested well. The uncertainty is only The level of the new rebased dividend and the form of the capital return. Given bank interest rates are zero and markets are almost at pre covid levels IMO i think this is an interesting low risk play. I added at £10.80 over the past 2 weeks To my initial £9 entry and i think this is a nice part of a balanced medium term portfolio. All IMO
rimau1
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