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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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1,259.00 1,258.00 1,260.00 1,268.00 1,258.00 1,259.00 45,196 08:53:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 624.1 132.1 25.5 49.4 3,543

Pennon Share Discussion Threads

Showing 1401 to 1425 of 1425 messages
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
DateSubjectAuthorDiscuss
26/7/2021
20:14
Guys , PNN paid special divi 355p and went ex-divi on 1 July . Why the price was not marked down on ex-divi day ?
t 34
23/7/2021
07:21
As anticipated23 July 2021For immediate releasePennon Group plcShare Repurchase Programme
oapknob1
22/7/2021
22:53
A lot of moving parts here. The special div will have taken 355p off the share price, the consolidation then brings it back roughly to square. After the sale they have less debt, a good pension position, an accretive acquisition with synergies, and are going to buyback 11% of the share cap... all positive I think.
dartboard1
22/7/2021
17:26
I totally agree this deal was no benefit to pnn shareholders.
sllab101
22/7/2021
16:09
Correct me if I am wrong, but has this consolidation/special dividend not seen ordinary shareholders lose out badly? My holding was reduced by one-third, because of the 2 for 3 consolidation. I have, of course, received the special dividend a few days ago. But my calculations indicate that I have been forced, effectively,to dispose of one-third of my holding at a price of £10.65 per share (which, I assume, was the share price at the time of the announcement). In the meantime, the share price has increased by nearly 20%. It seems to me that this was a forced sale of my one-third holding, which has turned out very well for the company - cancelling shares at a good price - but not so well for ordinary shareholders. A “dividend̶1; suggests something which shareholders are being rewarded with. In this case, the exact opposite has happened. Why did the BOD of Pennon decide on this arrangement, when a more straightforward share consolidation - without this “special dividend” - would have more effectively achieved the desired “return of capital”. Seems to me that shareholders have lost out - or am I missing something?
glenowen
21/7/2021
13:48
Can we look forward to PNN buying their own shares as soon as this goes ex div.Pennon is also proposing an on-market share buy-back programme of up to GBP0.4 billion expected to be conducted through to September 2022
oapknob1
16/7/2021
09:12
Waiting for my divi to land... although no rush, not sure I have any great buy ideas right now...
dartboard1
16/7/2021
08:04
Is anyone able to say why trades are going through with 0 volume please?
oapknob1
12/7/2021
22:21
I was wondering the same thing. So a nice bonus on Friday then
mercury123
08/7/2021
12:01
My bad, I misread the below sentence, seems like 2 July is the Record date.. Better withdraw the complaint to my broker :D "As detailed in the Acquisition, Special Dividend and Share Consolidation Announcement, Pennon is proposing a special dividend of c.£1.5 billion in aggregate, representing £3.55 per Existing Ordinary Share (the Special Dividend). The Board is proposing to pay the Special Dividend to shareholders on the register of members of the Company as at 6.00 p.m. on 2 July 2021."
gabsterx
08/7/2021
09:19
Paid date is the 16th july
nerja
08/7/2021
09:19
2 July is the Ex-div/consolidation date. 16th July is expected payment date. "Subject to (i) shareholder approval of the Special Dividend and the Share Consolidation and (ii) admission in respect of the New Ordinary Shares, the Special Dividend is expected to be paid to shareholders on 16 July 2021. "
taylor20
08/7/2021
09:06
Has anyone received the special dividend of 3.55 GBP per share yet? It was supposed to be paid on July 2nd but still nothing on my account. https://otp.tools.investis.com/clients/uk/pennon_group_plc/rns/regulatory-story.aspx?cid=1167&newsid=1480890
gabsterx
29/6/2021
16:41
Just a £1,223,972.25 trade to finish the day.
oapknob1
09/6/2021
18:06
Zangdook , Thanks for reply and suggestion
holts
09/6/2021
11:38
I suspect not, but I'm not an expert. From research I did a couple of years ago, it seems that if they call it a dividend, it's a dividend even if on the facts it's obviously a return of capital. But don't take my word for it... If you don't know it, I strongly recommend the CGT thread (Gengulphus edition) for all CGT questions.
zangdook
09/6/2021
10:59
For tax purposes although this payout is called a special divi ie covered by your 2000 yearly tax free allowance , does the fact it is as a result of a consolidation shift it into CGT territory?
holts
05/6/2021
21:57
samewe, The price won't drop going xd the special - the special will effectively come from the 2 for 3 consolidation (the 3.55 divi is about 1/3rd of the 1070 ish shareprice). So holders could look at the situation as selling 1/3 of their holding. Re the divi, it'll be rebased to allow for the loss of profit from the Viridor sale. So the 43.77p paid last year will be rebased to 21.11p, and this they hope to increase by cpi+2% iirc. So if you got say £1000 ord divi last year, it looks like you'll get about £350 this year (plus the cash from the one off special divi of course) if my maths is correct (i.e. 50% of 2/3 of £1000 plus cpih+2%).
pierre oreilly
04/6/2021
09:57
Just got this over the wires. Reasonable in my view: DEUTSCHE BANK RAISES PENNON GROUP PRICE TARGET TO 1,180 (1,070) PENCE - 'BUY'
whackford
03/6/2021
17:40
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.
samewe
03/6/2021
15:36
So the consolidation wipes out the 355p divi?....in effect?
kipper999
03/6/2021
13:29
Total share capital will be consolidated from 422 million to 278 million shares after ex dividend date by 3 to 2. Therefore if you own 3 shares, you will receive the special divi but you lose 1 share With reduced number of share capital, Pennon will be able to maintain its divi of around 30p a share, giving a annual divi yield of around 3% assuming share price of 1000p.
samewe
03/6/2021
13:14
Bristol water revenue 125m 16%PNN revenue 645m 84%PNN market cap - 4.56b less 2b dividend and buy back less 0.4b for acquisition gives 2.1bPNN MC 2.1b 84%Bristol water acquisition 0.4b 16%So not an unreasonable price, see if they can lower costs and what the capex plan is for Bristol
dartboard1
03/6/2021
12:52
The current price 0f 1077 looks good value to me.
whackford
03/6/2021
12:30
Interesting reading re; special divi & share consolidation Any views? hxxps://www.pennon-group.co.uk/sites/default/files/attachments/pdf/pennon-special-dividend-and-share-consilidation-overview.pdf
kipper999
Chat Pages: 57  56  55  54  53  52  51  50  49  48  47  46  Older
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