Pennon Share Discussion Threads

[chc15] 01/12/2021 10:06

Bizarre, I added at 1166.

[typo56] 01/12/2021 10:02

Is it simply rotation out of defensives? SVT is down too, but not as much.

[chc15] 01/12/2021 09:45

Reason for today's drop?

[luderitz] 29/11/2021 07:32

As usual with this paper it's not freely available so can you C&P the article for us please.

[philanderer] 28/11/2021 15:03

Questor: worried about inflation? This company's dividend growth plan is the answer

Questor share tip: Pennon’s defensive characteristics and sound financial position add to its appeal

[trevor12345] 26/10/2021 09:59

What do people think about the sewage stories about on social media and on the news last night
Not sure has the bill gone through parliament yet?
Will the agitation die down, or will Buffon Boris succumb so near the climate change summit and have a rethink ?
Would be very damaging to pennon shares if it were to be implemented

[oapknob1] 03/9/2021 08:42

Have PNN released funds for final Dividend yet?

[holts] 18/8/2021 07:30

I still have the same number of shares as before the consolidation , presumably someone has messed up .

[oapknob1] 05/8/2021 09:16

Heading to 14 ?

[t 34] 29/7/2021 16:01

Invested somewhere else . Just was curious .

[oapknob1] 29/7/2021 07:21

Take shares won't be cancelled until September?

[t 34] 29/7/2021 07:10

Oh , that was crafty . Thanks .

[pierre oreilly] 28/7/2021 17:28

Because they consolidated the shares at the same time, so you only own 2/3rd of the shares you used to.

[t 34] 26/7/2021 20:14

Guys , PNN paid special divi 355p and went ex-divi on 1 July . Why the price was not marked down on ex-divi day ?

[oapknob1] 23/7/2021 07:21

As anticipated23 July 2021For immediate releasePennon Group plcShare Repurchase Programme

[dartboard1] 22/7/2021 22:53

A lot of moving parts here. The special div will have taken 355p off the share price, the consolidation then brings it back roughly to square. After the sale they have less debt, a good pension position, an accretive acquisition with synergies, and are going to buyback 11% of the share cap... all positive I think.

[sllab101] 22/7/2021 17:26

I totally agree this deal was no benefit to pnn shareholders.

[glenowen] 22/7/2021 16:09

Correct me if I am wrong, but has this consolidation/special dividend not seen ordinary shareholders lose out badly? My holding was reduced by one-third, because of the 2 for 3 consolidation. I have, of course, received the special dividend a few days ago. But my calculations indicate that I have been forced, effectively,to dispose of one-third of my holding at a price of £10.65 per share (which, I assume, was the share price at the time of the announcement). In the meantime, the share price has increased by nearly 20%.

It seems to me that this was a forced sale of my one-third holding, which has turned out very well for the company - cancelling shares at a good price - but not so well for ordinary shareholders.

A “dividend̶1; suggests something which shareholders are being rewarded with. In this case, the exact opposite has happened. Why did the BOD of Pennon decide on this arrangement, when a more straightforward share consolidation - without this “special dividend” - would have more effectively achieved the desired “return of capital”.

Seems to me that shareholders have lost out - or am I missing something?

[oapknob1] 21/7/2021 13:48

Can we look forward to PNN buying their own shares as soon as this goes ex div.Pennon is also proposing an on-market share buy-back programme of up to GBP0.4 billion expected to be conducted through to September 2022

[dartboard1] 16/7/2021 09:12

Waiting for my divi to land... although no rush, not sure I have any great buy ideas right now...

[oapknob1] 16/7/2021 08:04

Is anyone able to say why trades are going through with 0 volume please?

[mercury123] 12/7/2021 22:21

I was wondering the same thing. So a nice bonus on Friday then