Pennon Share Discussion Threads

[ny boy] 04/7/2017 15:02

Surely too cheap down at these levels?

[ny boy] 04/7/2017 14:42

The Company will hold its 2017 Annual General Meeting at Sandy Park Conference Centre, Sandy Park Way, Exeter, Devon, EX2 7NN on Thursday 6 July 2017 at 11.00am.

[ny boy] 04/7/2017 14:21

Added a few @ 809p will hold for divi and possible capital growth over the medium term

[enami] 04/7/2017 14:11

30 Jun 2017 Credit Suisse Reiterates Underperform Target 710p from 750p

Deutsche Bank Reiterates Buy today target unchanged at 980p seems to have little effect

Credit Suisee also downgraded UU at the same time. UU have reached their target and now rebounding slightly.

[chc15] 04/7/2017 14:01

Thanks, very odd, I might add a bit for the divi.

[ny boy] 04/7/2017 13:59

Chart technicals

Resistance - 834p
Support. - 768p

[ny boy] 04/7/2017 13:56

Ex-Div Date Pay Date
06 July 2017. 01 Sept 2017 (Final)

[chc15] 04/7/2017 13:00

dropping like a stone,..any ideas.?

[bountyhunter] 25/5/2017 11:43

Impressive dividend policy - both PNN & SVT have a policy of RPI+4% through to 2020

[bountyhunter] 25/5/2017 11:40

maybe test 950p first ;-)

[bountyhunter] 24/5/2017 10:40

Agreed, and both PNN & SVT have a great divi policy of RPI + 4% through to 2020

[gateside] 24/5/2017 07:29

Good results

[sllab101] 19/5/2017 19:31

Hi, yes there are lots of us on this, I have been there since£3.00, the stock is a great day trade but I have given up with that trade these days and happy to hold and wait for takeover or just growth.Cheers N

[yf23_1] 19/5/2017 17:21

Another nice bounce today.
Is nobody following this ?

[yf23_1] 12/4/2017 16:33

Up 18p - What happened -strengthening £ ?

[essentialinvestor] 03/2/2017 08:32

Following broker targets is the way to the poor house imv,
they can alter significantly in the blink of an eye.

I really like the PNN core business, EFW not too sure on.
Lots of nice projections on capacity etc, will the actuality live up
to these expectations.

It's looks an extraordinary CAPEX total spend.

[yf23_1] 03/2/2017 08:29

Credit Suisse 13 Jan target 680p, 19 and 24 Jan target 750p

Just shows how they manipulate price.

[shalder] 02/2/2017 19:17

I'm a little surprised there isn't more buying interest in PNN. An upbeat interim, 4.3% yield with RPI+4% increases in divi up to 2020 looks like a good insurance against rising inflation in th UK.

Trading update next week too.

[wet your knot] 15/1/2017 09:24

There's going to be a shortage of EfW outlets for residual waste in the UK for the foreseeable future. Currently the majority of material going to EfW is exported to continental Europe as RDF (Refuse Derived Fuel)and the pound weakness just made this at least 10% more expensive. This would make UK options more attractive. As long as Viridor can secure the volume I can't see why this wouldn't provide a positive effect.

[mj19] 13/1/2017 19:29

Maybe someone wants to buy cheaper

[essentialinvestor] 13/1/2017 13:54

Will the EfW plants produce the longer term profitability forecast?,
and justify the huge CAPEX commitment and borrowing this has entailed.

[essentialinvestor] 13/1/2017 13:47

Not sure about the Viridor division myself.

[shalder] 13/1/2017 13:44

PNN reaffirmed the full year outlook in the interim results late November, so are CS saying something significant has happened in the last 6/7 weeks? not aware of anything myself.

[binghall] 13/1/2017 13:40

Quite something considering that they upgraded the stock in November. Digital Look has a decent article but in essence CS believe that the energy-from-waste benefits are an issue, and that benefits from tax loss credits are reducing. They have a £6-80 target. There are a number of brokers that have opposite views, as if investing isn't confusing enough!