Share Name Share Symbol Market Type Share ISIN Share Description
Pennon Group 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
  -20.50p -2.56% 781.00p 779.50p 780.50p 801.50p 777.50p 796.50p 1,190,791 16:35:27
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 1,353.1 210.5 39.8 19.6 3,252.99

Pennon Share Discussion Threads

Showing 976 to 998 of 1000 messages
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DateSubjectAuthorDiscuss
25/9/2017
22:48
Pennon has been doing a very good job with the core water business over recent years. A rigid control on costs has allowed it to generate some of the best returns on regulated business in the sector, while also earning rewards from Ofwat for exceeding the regulator's targets.Viridor collects household waste, sorts it, then recycles as much as possible. The residual waste is burned in energy recovery facilities (ERFs) to generate energy. Pennon is coping well with the pressures of lower recyclate prices, with various cost saving initiatives helping margins rise.Full year EBITDA (earnings before interest, tax, depreciation and amortisation) from the ERF business was £107m, ahead of the £100m target. This represented 22% of total profits.However, the regulated water business remains the senior partner. Here, the group's impressive double digit return on regulated equity helps supports the aim of inflation-beating dividend growth.Indeed, the group plans to increase the dividend by the rate of RPI inflation plus 4%. This, together with its prospective yield of 4.9%, lead us to believe that Pennon is the most attractive option of the three UK listed water utilities, in terms of income at least. Of course these are targets, so are not guaranteed to be met.The dark cloud on the horizon remains the prospects for UK interest rates, especially since the Bank of England has guided investors to expect a first increase in 10 years at some point in the coming months.Not only would higher rates mean the interest on Pennon's debt becomes more of a burden, but the relative appeal of bonds, also traditionally the preserve of income-seeking investors, would rise. There is no doubt then, that a sharp increase in rates has the potential to knock the shares.However, macroeconomic uncertainty means caution is still very much the watchword for policymakers. With this in mind, we feel it's unlikely Carney & co will do more than nudge rates back up to 0.5%, with any increases from there on likely to be slow and steady.
mj19
25/9/2017
22:45
Back YahooFINANCE Share2 dividend stocks that could make you a millionFool.co.uk Royston WildFool.co.uk25 septPennon Group (LSE: PNN) moved further away from recent seven-month lows in Monday trading, although a 1% rise following latest trading details was hardly a ringing vote of confidence.The water supplier and waste management play advised that it is "on track" to meet management's expectations across both divisions.Pennon said it "continues to deliver a robust underlying financial performance for 2017/18." And it added: "With our clear strategy and strong balance sheet, Pennon is well-placed to continue to deliver for customers, communities and shareholders."I for one reckon this reassuring update should command more attention from the investment community today.Now, the nature of Pennon's operations means that updates like these are hardly likely to make investors' hearts skip a beat. But the defensive nature of such services means that those seeking reliable earnings growth may want to take a look, even if the company is not totally immune to the impact of a slowing economy. Current broker forecasts put bottom-line growth for the periods to March 2018 and 2019 at 2% and 12% respectively.This means that the FTSE 250 star trades on a forward P/E ratio of 16.6 times, a decent reading if somewhat unspectacular.However, Pennon's solid earnings outlook should certainly catch the eye of dividend chasers, something that analyst predictions certainly point to.In the current fiscal period a total payment of 38.5p per share is forecast, improving from 35.96p last year and yielding a mammoth 4.8% (by comparison Britain's listed blue-chips yield around 3.5%).And the news gets even better for next year -- a predicted 41.3p dividend drives the yield to a lip-smacking 5.2%.On strong foundations
mj19
25/9/2017
06:41
Broker forecasts are fine then Eps 48p 2018 and 53p for 2019
wskill
25/9/2017
06:11
Pennon continues to deliver a robust underlying financial performance for 2017/18. With our clear strategy and strong balance sheet, Pennon is well-placed to continue to deliver for customers, communities and shareholders.
andysaw
25/9/2017
05:21
Good luck to all
mj19
24/9/2017
16:37
Political risk will not affect the main business supplying water and waste management thankfully .
wskill
24/9/2017
16:06
Problem is political risk. Corbyn & co will, subject to opinion poll figures, try to engineer another election on some pretext or other before too long. Their policy on water is to renationalise/confiscate the companies on the grounds that they "rip off" consumers. The fact that consumers, either directly or indirectly, also own chunks of the companies in their isas, pensions funds etc will get lost in translation. Hence I am wary of this sector at the moment.
shalder
24/9/2017
16:01
Bought a good few Friday for my SIPP and will hold long term a decent company with a good growth record as soon as these small problems with Viridor are settled which in itself is also a growth business in the fullness of time. With the trading statement on Monday this will be the catalyst of the move upwards.
wskill
24/9/2017
15:59
I'm also in it. It is a usual cycle of bottoming out around Sep each year and then going up to the peak. I expect good rise on Monday for PENNON and United Utilities on Tuesday as both have bottomed out as per the chart. IMO
andysaw
24/9/2017
15:45
Anyone in this? Or just me? I bought and am holding
mj19
12/9/2017
09:03
I'm waiting for my divi with Barclays Smart Investor so I suppose are all other holders with Barclays. Have seen this sort of delay before and I think they will not pay out unless and until they are in receipt of funds to cover the combined holdings of all clients holding Pennon. The other reason may be the pressure they are under in the wake of the switch over to Smart Investor although some other dividends have come through within a shorter period than this.
dhmace
12/9/2017
00:59
yfb23 I am with Canaccord Genuity; I can see online that the PNN divi has been in my nominee account since 1st September. However, I expect they will release it to my home bank account on 14th Sept. They seem to pay out divis on 14th day and at end of each month. Maybe Barclays do the same.
tombag
11/9/2017
16:41
I'm still waiting for my divi, anybody else waiting with Barclays Stockbrokers ?
yf23_1
11/9/2017
08:45
Yes . Some of the uncertainty with Viridor has been removed at Manchester and the Glasgow situation seems to going ahead OK with the new contractors. Pennon itself also looks to be going OK . You have to wonder whether the Pennon/ Viridor is a good mix. The idea was I think that Viridor would supply the growth with Pennon plodding along with a regulated business. However Viridor seems to be a bit too exciting to mix with boring. After all PEN was about 940P before the problems with Viridor at Manchester and Glasgow.Hopefully a line has been drawn and PNN will move forward towards 900P with good divi increases in prospect. If they see Viridor stablised maybe a float off would be a good idea? Looks attractive at present level
ganthorpe
07/9/2017
14:34
Bottom in here?
ny boy
01/9/2017
16:47
Nice chunky dividend paid into my account today.
gateside
31/8/2017
09:36
Yes tks ganthorpe, looking forward to a nice credit in my account tomorrow, have a good few months coming up of divi payments from various stocks like GSK etc Be nice to see some capital growth in this last quarter too.
ny boy
26/8/2017
09:46
They seem to have come off lightly on the withdrawal of Manchester Corporation from Viridor's recycling plant PFI contract. (see announcement this week but no figures). This was a joint deal with John Laing (JLG) who have taken a sizeable hit.But JLG is much smaller than PNN and not so able to absorb a hit. Also as the operator Man Corp need PNN Viridor more than JLG.
ganthorpe
26/8/2017
09:40
Hi NY Boy If you haven't already found out - divi of 24.5P per share due to be paid 1st September. It is a very slow burner with it being announced in May.
ganthorpe
07/7/2017
11:41
CHC15 No idea when the divi date is just added to my original stake but holding long term, so I guess I'll get a divi payment at some point during the year.
ny boy
06/7/2017
15:54
I just bought some more today. Salty
saltaire111
06/7/2017
15:36
South West Water do seem to get on well with Ofwat and agree terms more quickly than most of the other water companies. So I thought I would copy Lazards and add 1000 and see what happens next week.
huttonr
06/7/2017
14:38
Found it. On 11 July 17 Ofwat will publish the draft 2019 price review methodology. The final version is scheduled to be published in December 17.
poggio
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