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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
  26.00 2.32% 1,145.50 1,148.00 1,149.50 1,149.50 1,120.00 1,120.00 3,143,439 16:35:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 624.1 132.1 25.5 44.9 4,835

Pennon Share Discussion Threads

Showing 1376 to 1399 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
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
03/6/2021
09:37
kipper thanks very much.
sllab101
03/6/2021
09:35
Ex divi Final @ 14.97p 22/July Paid on 2/Sept Special XD 5/July 355p Paid on 16/July From DividendMax
kipper999
03/6/2021
09:19
sslab101, You could always try reading the announcement, rather than asking questions here because you are too lazy to find out the answers yourself.
effortless cool
03/6/2021
09:00
Thanks Whackford, do you know the payment date.Tia
sllab101
03/6/2021
08:58
£3.55 special divi. In my view a decent out-turn. I made small top-up at 1105p.
whackford
03/6/2021
08:39
So do we know how much the shareholder return per share is?
sllab101
03/6/2021
08:31
So it's here... but of a muted response, but not negative. Dividend is about 30%, buyback around 30% of equity .. and an increase in ordinary dividend (I guess to account for the accretive earnings).Bristol water looks like it needs a bit of turning around ... hard to tell unless you look at required investment over next 5 years...
dartboard1
01/6/2021
10:17
Not sure your point on a regulated industry. If you don't like the industry it's a sell as even after a capital return they will still be in water...But no I haven't heard any leaks on an acquisition
dartboard1
01/6/2021
09:07
It's high time we got unequivocal result on use of Viridor cash. This headline just appeared in FT: "UK water retailers face collapse due to unpaid bills". I'm sceptical about acquisitions, particularly in a regulated industry like this, so I would like to see a no-nonsense £6 return. Anybody read any rumours in newspapers?
whackford
01/6/2021
08:59
Results on Thursday ... and .... Hopefully an announcement on acquisition/capital return ...
dartboard1
08/4/2021
15:57
85% of Pennon shares are owned by institutions, top 16 owned 50% of the shares. These institution fund managers should put press on the Board to pay out the cash from Viridor divestment especially those investment funds which have held Pennon shares for 5-10 years. They should be rewarded for being loyal Pennon shareholders while Viridor was going through some hard times in its early days.
samewe
08/4/2021
08:36
On the vesting shares, I agree it looks suspicious, but capital allocation is a board decision, led by the chairman, not the two with the LTIPs ... they'll collect the dividend on the 2021 tranch but pretty sure they're ganna miss out on the 2022 shares...
dartboard1
07/4/2021
13:45
I was waiting, but didn't actually buy. On the point of buying a couple of times near the bottom as it happened. Risen quite a lot since, so i'll chalk it up as a mistake. I certainly don't like the way the management are treating shareholders, especially if 1225 is true.
pierre oreilly
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
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