Share Name Share Symbol Market Type Share ISIN Share Description
Pennon Group Plc LSE:PNN London Ordinary Share GB00B18V8630 ORD 40.7P
  Price Change % Change Share Price Shares Traded Last Trade
  -21.00 -1.85% 1,116.50 4,060,362 16:29:55
Bid Price Offer Price High Price Low Price Open Price
1,116.00 1,117.00 1,136.50 1,116.00 1,134.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 624.10 132.10 25.50 43.8 4,713
Last Trade Time Trade Type Trade Size Trade Price Currency
18:02:09 O 1,410 1,119.17 GBX

Pennon (PNN) Latest News

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Pennon (PNN) Discussions and Chat

Pennon Forums and Chat

Date Time Title Posts
09/6/202118:06Pennon into orbit ?1,253
28/9/201908:45Pennon - South West Water & Viridor Waste137

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Pennon (PNN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-18 17:02:091,119.171,41015,780.30O
2021-06-18 16:55:171,116.6132,817366,438.56O
2021-06-18 16:55:021,116.61214,0982,390,643.96O
2021-06-18 16:35:091,133.154605,212.47O
2021-06-18 15:58:161,127.987,00078,958.32O
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Pennon (PNN) Top Chat Posts

Pennon Daily Update: Pennon Group Plc is listed in the Gas Water & Utilities sector of the London Stock Exchange with ticker PNN. The last closing price for Pennon was 1,137.50p.
Pennon Group Plc has a 4 week average price of 1,049p and a 12 week average price of 956.20p.
The 1 year high share price is 1,190p while the 1 year low share price is currently 854.40p.
There are currently 422,111,738 shares in issue and the average daily traded volume is 2,524,859 shares. The market capitalisation of Pennon Group Plc is £4,712,877,554.77.
pierre oreilly: samewe, The price won't drop going xd the special - the special will effectively come from the 2 for 3 consolidation (the 3.55 divi is about 1/3rd of the 1070 ish shareprice). So holders could look at the situation as selling 1/3 of their holding. Re the divi, it'll be rebased to allow for the loss of profit from the Viridor sale. So the 43.77p paid last year will be rebased to 21.11p, and this they hope to increase by cpi+2% iirc. So if you got say £1000 ord divi last year, it looks like you'll get about £350 this year (plus the cash from the one off special divi of course) if my maths is correct (i.e. 50% of 2/3 of £1000 plus cpih+2%).
samewe: In theory, share price drops by the same amount of special dividend, therefore the idea of share consolidation of 3 to 2 is to assume that the share price ex share price div should be the share price on 2 June of 1070p. If not the projected share price on ex divi day should be 1070 less 355p. We hope that with reduced share capital of 30%, EPS should go up and in turns delivers higher divi and high share price in the long term.
samewe: Total share capital will be consolidated from 422 million to 278 million shares after ex dividend date by 3 to 2. Therefore if you own 3 shares, you will receive the special divi but you lose 1 share With reduced number of share capital, Pennon will be able to maintain its divi of around 30p a share, giving a annual divi yield of around 3% assuming share price of 1000p.
dartboard1: Bristol water revenue 125m 16%PNN revenue 645m 84%PNN market cap - 4.56b less 2b dividend and buy back less 0.4b for acquisition gives 2.1bPNN MC 2.1b 84%Bristol water acquisition 0.4b 16%So not an unreasonable price, see if they can lower costs and what the capex plan is for Bristol
ohisay: Broker upgrade today .. Pennon rallied on Monday after Barclays upgraded the stock to 'overweight' from 'equalweight' following a de-rating. The bank, which kept its price target on the shares at 1,060.0p, noted that UK regulated utilities have had weak share price performance through a combination of market focus away from defensives into cyclicals and recovery stocks; fears of reflation and rising yields; and tough regulatory reviews. Barclays said there is "significant value" in UK regulated utilities. "1) We believe all utilities will appeal Ofgem's RIIO-2 review by 3 March, which could see returns rise. 2) There is limited impact from bond yields, and a positive inflation impact on UK utilities," it said. It noted that Pennon has been de-rated due to optically high multiples, and its ejection from the FTSE 100. "It now trades at a 6% premium to regulatory asset base and, if the 570p cash on its balance sheet is removed, it trades at an attractive circa 10x price-to-earnings, 7% dividend yield."
whackford: I bought 5,000 PNN shares at an average of £10.76 since 1 Jan 2020, mainly second half of 2020 since sale of Viridor announced. Am I in for a double whammy? As one poster here has pointed out, PNN will leave the FTSE100 and create institutional selling. But with the mooted (by Sunday Times) purchase of Southern Water in prospect for £6bn and cash from Viridor sale of £4bn, where would the gap of £2bn come from? Some may be from debt but I'm beginning to wonder if we are in for an equity raise. Instead of cash coming out of PNN maybe shareholders will find their cash going the other way.
mercury123: Yes of course - but I wouldn't mind the 10000 either.. FWIW I think its a screaming buy at these levels and have put quite a few into my long term fund. I will collect dividends until a decent share price returns and maybe even after. Same with ULVR, GSK and AZN. It pays to be patient and not over trade these things - saves on stamp duty if nothing else!
gateside: Just checked the Market Cap of PNN - with the lacklustre performance of late, especially when compared to many others in the Market. PNN have drifted down to 115th and unless they outperform the Market, they are due to be demoted to the FTSE250 at the next review, regardless of whether they hang onto their precious cash pile or not. Selling Viridor without a firm plan of what to do with the proceeds is beginning to look like an awful investment decision. Viridor was their growth story which set PNN apart from SVT & UU.
cousin jack: EI; We seem to have reversed approaches ! In line with post 1138 I sold on 5th Feb at a small loss. I’m increasingly concerned that the lack of news may be followed by the announcement of a deal which could be negative for the share price and don’t consider the moderate dividend is sufficient to take that risk when there are safer options offering similar or better yield such as ULVR and NG, both of which I have added to. I’ve also considered adding to GSK but am holding off to see the post dividend reaction - I keep thinking it’s reached a bargain price but each time I think that it goes down. I also bought Computacenter, Dunelm and Circassian yesterday for my trading portfolio. Good luck with your holding.
pierre oreilly: Rim, just some thoughts using your numbers (which agree roughly with my views too) You say divi to be il 2.5-3.0%, so say 2.75%, fair enough. We know the post-everything pnn divi will be about 21.11p, meaning a share price (@2.75%) of £7.68p when all done and dusted, agree with that. You expect £1-1.5bn (say 1.25bn) of the virid proceeds to be returned to shareholders (as a special divi - no evidence of that yet but still). So that means you expect a special of £2.97 per share. So the total value you expect is £2.97 cash divi plus a pnn share price post return of £7.68, being £10.64. I suppose being generous, we could add on the upcoming divi of 30.11p making a grand total expected exall value of £10.94. That is a little better than i thought, and think, but it seem there's nothing left in the current price (let alone being risk free under £11!). All fair enough and reasonable, except the risk of something not going as you envisage. I came out with a value a couple of quid less than using your assumptions. I don't like the very high implied p/e pnn will be sitting on post everything @7.68 (something like mid 20s) and to me the very high risk of the cash back not being cash in the hand. The risk of the cash into the pension pot being greater than you expect is large imv. All in all, the pnn price atm pretty much reflects the ex all value, if a little optimistically, imv. Very interesting the security of pnn should the market as a whole tank. This would be a better place than most to avoid the worst of that.
Pennon share price data is direct from the London Stock Exchange
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