Pennon Share Discussion Threads

[gripfit] 14/9/2023 20:33

So was going below 9

[chc15] 14/9/2023 16:18

That's more like it, going below 6 was crazy.

[essentialinvestor] 06/9/2023 13:25

Appreciate the reply and best of luck.

[chc15] 06/9/2023 12:44

Just simple stuff, I believe the share price decline is overdone, look at the chart. Also I've looked at the shareholders, some new US value buyers. Also this can always be a takeover target. One for long term for me.

[essentialinvestor] 06/9/2023 08:55

CHC, what is your value rational?, if you don't mind me asking..

[jezza123] 18/8/2023 11:29

I reckon given risk free yields are now 5%+ the utilities sector as the TINA yield option is dead - that plus the service interest cost increases probably time to call it a day.

[chc15] 16/8/2023 08:51

Decided to start adding today, such a big drop, gotta be some value here.

[essentialinvestor] 20/7/2023 17:37

OFWAT also regulate Thames Water, that would not provide me with any comfort.

ON PNN, the current dividend is not sustainable imv, luck with your holding.

[pierre oreilly] 20/7/2023 16:48

EI, part of ofwat's duty is to ensure water companies get a fair return on their investments. They are clearing up the water resources on behalf of the government - so ofwat tells them what to but ensures they have a reasonable return on any capital employed to do the work.

If any water company's financial viability were a problem as you suggest, then ofwat would step in with some sort o solution. These regulated companies are far lower risk than most quoted companies.

[pierre oreilly] 20/7/2023 16:40

xd today, so not so bad afterall.

[essentialinvestor] 11/7/2023 15:43

Is there a viable business here going forward?.

Divi at least partly paid from an
increase in net debt, significant extra CAPEX
likely required for years going forward to deal with sewage discharge.

Something has not to give and I'm guessing it's the payout at current levels.

[arja] 11/7/2023 15:27

awful looking chart and expect more downside although getting close to chart support area .

[indianspan] 07/7/2023 16:05

Shares going Ex-Dividend this month.

[chc15] 05/7/2023 16:19

Below 7, gotta be some value funds buying into this, drop is way overdone.

[chc15] 29/6/2023 13:53

If it keeps dropping at this rate, bound to be a bid target from overseas.

[chc15] 29/6/2023 12:44

Indeed, cratering now, who knows the bottom?

[essentialinvestor] 29/6/2023 11:13

Net debt up again, that's the way to do it, eh - or Not as the case may be.

Look how much their annual interest bill is.

[chc15] 29/6/2023 08:29

Adding a small bit here again. Wondering with all the bad news atm, if the government wanted to buy out listed water co's, how would this work? Could they force shareholders to sell shares at a set price?

[sllab101] 01/6/2023 14:08

Pennon has increased its dividend 11 per cent in line with the inflation-plus-2 per cent policy.

[chc15] 24/5/2023 08:28

Yes im thinking of topping up here too, what's the current yield now

[pierre oreilly] 23/5/2023 23:32

Well positive points or not I bought back those I sold many months ago. Just before close at 802p. Not sure it's a great move but got to get the cash in ISA down. Zero interest for cash in my ISA.

[pierre oreilly] 11/5/2023 09:20

Anyone got any positive points for pnn?I really can't see any, even though I wouldn't mind buying back in here.Everything i read makes me think pnn is some sort of social service, really generous to customers, themselves, partners - everyone except shareholders. I'm holding off buying back yet

[sllab101] 03/3/2023 16:50

liam1om, have you a link for that?

[liam1om] 03/3/2023 16:45

Bid rumour by Ben Harrington.