Pennon Share Discussion Threads

[chc15] 11/12/2019 11:47

Who knows, I'm annoyed, was going to sell a touch, but dropped since!

[wantage] 11/12/2019 11:39

What price if hung parliament Corbyn and Sturgeon?

[chc15] 26/11/2019 17:27

No all good, glad I held on.

[sllab101] 26/11/2019 13:39

Shame it is now pulling back.

[bluemango] 26/11/2019 13:27

All time high, interim dividend up over 6%, and no comment?

Oh well, no pleasing some people ...

[bluemango] 18/11/2019 16:45

For anyone having sleepless nights worrying about the possibility of Corbyn getting in to No 10, Pennon's share price being at a three year high should provide as much reassurance as any opinion poll.

[sllab101] 12/11/2019 18:13

12 November 2019, 11:20Source - SMW
HSBC today reaffirms its buy investment rating on Pennon Group PLC (LON:PNN) and raised its price target to 950p (from 890p).

[luderitz] 12/11/2019 17:14

I wouldn’t be so sure about that GS.

[gateside] 12/11/2019 13:23

Market clearer pricing in the fact that Corbyn will never be PM

[sllab101] 22/10/2019 21:30

The volume is highest for years and Blackrock are playing with the share price.

[sllab101] 18/10/2019 20:37

I am tempted but we could see 9.60 again also we might get news on the spin offs from pnn.

[chc15] 18/10/2019 15:35

No chance, tempted to take a few profits at this price though..

[sllab101] 18/10/2019 13:29

If you think labour will win.

[luderitz] 18/10/2019 10:09

1. No idea.

2. There will be.

3. 50/50.

Next question -):

[chc15] 18/10/2019 09:11

9 now, how much further? If there is a gen election, won't this go down?

[sllab101] 10/10/2019 19:09

Barclays target now £10.00

[dendria] 28/9/2019 12:13

South West Water owner Pennon hints at break-up:

[adrian j boris] 28/9/2019 08:45

South West Water owner Pennon hints at break-up

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Water coming out of a tap
Pennon said it will conduct a full review of its 'strategic focus' Credit: Yui Mok/ PA

Hannah Uttley

27 September 2019 • 2:56pm

South West Water owner Pennon could be set for a break-up after the waste management and water company announced a review of its business.

Experts believe Pennon’s recycling arm, Viridor, could be spun off as a separate business to create better value for shareholders.

Viridor has enjoyed soaring success as concerns over waste has helped fuel a boom in cycling.

The division has more than 32,000 customers and works for about 150 councils and businesses in the UK.

Earlier this year it unveiled plans for a new £65m recycling plant in Avonmouth, near Bristol, which will have the capacity to recycle 8pc of all plastic waste.

Pennon said: “Given the strong financial performance and operational progress...

[bluemango] 27/9/2019 13:52

If it closes around this level, would be 52-week high. (Edit - confirmed)

Circa 800p has been strong resistance level going back more than two years, to August 2017.

[bluemango] 27/9/2019 11:48

Is a break-up for utilities group Pennon on the cards?
...asks AJ Bell's Russ Mould

'The company has announced a strategic review of the group which one can assume will include a potential demerger of waste recycling business Viridor.

The growing investor interest in all things ESG-related could see Viridor achieve a much higher valuation as a standalone business. It would provide investors with an alternative way to play the UK recycling industry than simply buying shares in Biffa.

Viridor works for more than 150 local authorities and major corporate clients as well as over 32,000 customers across the country. It has a network of more than 300 recycling, energy recovery and waste management facilities.

There is a growing trend for companies to spin off ‘hidden gems’ or underappreciated operations in the hope of creating more value for shareholders. Prudential is about to spin off M&G, Ferguson is going to separate its UK business from the group, and Smiths Group is going to demerge its medical arm.'

[bluemango] 27/9/2019 07:50

Outlook

Given the strong financial performance and operational progress of Viridor and South West Water, coupled with the imminent start of the new K7 regulatory delivery period for South West Water and the near and medium-term growth opportunities at Viridor, the Pennon Board has concluded that it is an appropriate time to conduct a full review of the strategic focus, growth options and capital allocation policy for the Group.

[gateside] 27/9/2019 07:07

Very upbeat Trading update.

[bluemango] 26/9/2019 17:29

TU due tomorrow.

Judging by recent share performance, the market anticipates a positive statement.

[essentialinvestor] 15/8/2019 22:49

I'm referencing energy from waste plants when outside the EU.
Could potential legislation changes impact the profitability of these.

The UK is currently bound by the EU legislative framework on waste.

You may have looked at this area in more detail.

[powerwatch] 15/8/2019 10:31

The majority of the shares are pension fund owned so I assume few PI's to comment from?