Pennon Share Discussion Threads

[dhmace] 12/9/2017 10:03

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.

[tombag] 12/9/2017 01:59

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.

[yf23_1] 11/9/2017 17:41

I'm still waiting for my divi, anybody else waiting with Barclays Stockbrokers ?

[ganthorpe] 11/9/2017 09:45

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

[ny boy] 07/9/2017 15:34

Bottom in here?

[gateside] 01/9/2017 17:47

Nice chunky dividend paid into my account today.

[ny boy] 31/8/2017 10:36

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.

[ganthorpe] 26/8/2017 10:46

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 10:40

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.

[ny boy] 07/7/2017 12:41

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.

[saltaire111] 06/7/2017 16:54

I just bought some more today.

Salty

[huttonr] 06/7/2017 16:36

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.

[poggio] 06/7/2017 15:38

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] 06/7/2017 15:32

Hi Hiddendepths
What are you expecting to be released next week on PR19? Do you have a specific date?
P

[chc15] 06/7/2017 09:28

The impact not too bad today, cudve been worse..

[chc15] 06/7/2017 09:27

eh?, its gone ex-div today, so if u buying today u won't get the divi..that's why its down today right?..

[ny boy] 06/7/2017 09:15

Added a few more 795p for the divi, better than 0.5% down at el high st banco

[enami] 06/7/2017 08:35

Seems to be doing quite well in the ex-dividend stakes. Often one can expect a far bigger drop as dividend hunters pull out. I am not a holder here but often look at "out of favour" companies that go ex div then recover for the next one.

The yield here is about the same as UU which I have been invested in regularly.

The triple bottem 6-8 months ago did signal a rise close to ATH of 1 year ago and I will consider a buy here if it gets into the low 760s


free stock charts from uk.advfn.com

[chc15] 05/7/2017 11:13

Would be nice, Lazard must know something we don't, over 10%, big buying last month.

[ny boy] 05/7/2017 09:56

A close above 835p resistance would be a positive step

[ny boy] 05/7/2017 08:44

Tks hiddendepths

Let's see how it plays out, just seems a tad beaten up to me.

[hiddendepths] 05/7/2017 05:39

PR19 due next week. Will set the goalposts for the new regulatory period. Rumoured to be pretty tough so institutions not wanting to be too exposed in case it's savage enough to make profits 2020 on much harder to come by.

May well bounce sharply next week - but could spike down. It's a binary event! Still, I'm starting to wonder if we've already priced in the worst of a bad outcome.


"South West Water has been fully engaged in Ofwat's Water 2020 forward programme as the methodology and mechanisms for PR19 are developed. Whilst lower base returns are expected in the next regulatory price review, we expect these to be balanced with greater incentives for outperformance for top performing companies. South West Water is in a good position to manage changes in the methodology"

[chc15] 04/7/2017 15:54

must be, I've added, Lazard have bought loads recently at much higher levels..