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PNN Pennon Group Plc

624.00
4.50 (0.73%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pennon Group Plc LSE:PNN London Ordinary Share GB00BNNTLN49 ORD 61 1/20P
  Price Change % Change Share Price Shares Traded Last Trade
  4.50 0.73% 624.00 726,899 16:35:21
Bid Price Offer Price High Price Low Price Open Price
617.50 618.50 624.00 606.00 606.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Sewerage Systems 907.8M -9.5M -0.0332 -186.14 1.77B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:22 O 594 624.00 GBX

Pennon (PNN) Latest News

Pennon (PNN) Discussions and Chat

Pennon Forums and Chat

Date Time Title Posts
03/12/202409:21Pennon into orbit ?1,395
22/1/202220:19Pennon - South West Water & Viridor Waste156

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Pennon (PNN) Most Recent Trades

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Pennon (PNN) Top Chat Posts

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Posted at 14/12/2024 08:20 by Pennon Daily Update
Pennon Group Plc is listed in the Sewerage Systems sector of the London Stock Exchange with ticker PNN. The last closing price for Pennon was 619.50p.
Pennon currently has 286,043,081 shares in issue. The market capitalisation of Pennon is £1,767,746,241.
Pennon has a price to earnings ratio (PE ratio) of -186.14.
This morning PNN shares opened at 606p
Posted at 27/11/2024 09:44 by julianlau
Pennon Group's H1 2024/25 results met expectations but revealed challenges, including a £38.8m loss before tax, driven by costs for water quality interventions (£16m) and restructuring (£4m). South West Water saw lower revenues due to demand initiatives, while the recently acquired Sutton and East Surrey Group incurred anticipated losses. In contrast, profitable B2B operations and increased capital expenditure (+£65.5m YoY) supported operational improvements.

The group maintains a robust financial position with 68% gearing, £675m liquidity, a strong credit rating, and a solid 10.8% return on regulated equity for SWW. An interim dividend of 14.69p aligns with its CPIH +2% policy. While challenges remain, steady investment and a strong financial foundation signal long-term stability.

hxxps://wealthoracle.co.uk/detailed-result-full/PNN/1024
Posted at 18/7/2024 06:57 by netcurtains
demand outstrips supply for water and for the share certificates.
Posted at 11/7/2024 20:37 by r9505571
The UK water-sector regulator on Thursday put forward a proposal that will see household water bills increase on average by £19 annually, in addition to inflation, over the next five years.https://www.ajbell.co.uk/articles/latestnews/278154/ofwat-sets-out-water-price-hikes-pay-88-billion-spending#
Posted at 03/7/2024 14:57 by essentialinvestor
If you add the £1.4 bn special dividend on to the current market cap - it's still £700 million Below the net cash received for Virdor.

The £500 Million share buy back was arguably completely waisted.

The current dividend is unsustainable imv and net debt is rapidly heading for £4 bn.

To describe this as a sh1tshow is still being kind.

Add in inflation and it's significantly worse still.
Posted at 24/5/2024 14:35 by redartbmud
EI

If the Ex-CFO hadn't blown £400m on share buybacks around £13-£14/share they might have some petty cash left in the pot.
The one who is now CEO!!

red
Posted at 24/5/2024 13:32 by randomwalker
My next door neighbour was at a meeting of Kingswear Council 2 days ago. The representative of SWW was there along with a hostile crowd of residents. My neighbour was there about something else, but stayed throughout the SWW chap as he was interested (and also initially hostile, having got his information from the media)
Turns out that the entrance of the parasite into the water was not SWW's fault at all. It was caused by someone (probably the farmer on whose land the valve was) damaging the valve. It is private land, so SWW had to get permission to enter it to check. This took time. They did not say the source of the cryptosporidium was NOT the water supply, only that it was very unlikely. There are 6000-7000 cases in the UK each year and hardly any are due to the water supply.
When it was proved that the source of the Hillhead crypto was the water tank there, SWW took immediate action. Boil water notices and distribution of bottles to residents especially disabled/old ones. That still applies to people fed by the Hillhead and Boohay tanks (which includes Kingswear)
The SWW chap was asked how many valves are there on private land & why wasn't it checked? The answer was "many thousands" and they have to get permission for each check.However, the landowners have a duty to report damage.....which did not happen.
The farm is insured.
I do not work for PNN/SWW, nor do any of my family.....and I was annoyed by the whole thing. However, I have just bought PNN shares!
Posted at 23/5/2024 12:38 by essentialinvestor
Cirl, selling Virdor was one of the poorest management decision I've seen.

And I'm not saying this after the event, i mentioned at the time a separate listing, with PNN holding 51% was the way to extract maximum value.

The decision to sell the lot arguably cost shareholders 2-3bn plus imv.

Just shocking.
Posted at 23/5/2024 12:05 by cirlbunting1
Compared to the sector, dont think PNN is overvalued. Quite the opposite in fact, despite the fine & controversy with SWW. Havent got a position and my limit has been removed, but will look to start building if it reaches lvls below 6.
Posted at 20/5/2024 20:16 by grabster
Compensation claims against South-West Water from Brixham business owners and their insurers are going to be massively bigger than so far acknowledged by Pennon. Many will be claiming for stripping out entire plumbing systems throughout hotels and the like, as the only way of confidently eradicating contamination, rather than accepting a cleansing fee. I agree that the reaction shown by the PNN share price has been pretty remarkable so far, considering that SWW contributes more than four-fifths of Pennon's profits, making this far more than just a brief local issue.
Posted at 13/6/2020 09:07 by 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

Pennon Frequently Asked Questions (FAQ)

What is the current Pennon share price?
The current share price of Pennon is 624p.
How many Pennon shares are in issue?
Pennon has 286,043,081 shares in issue.
What is the market cap of Pennon?
The market capitalisation of Pennon is GBP 1.77 B.
What is the 1 year trading range for Pennon share price?
Pennon has traded in the range of 518.00p to 775.00p during the past year.
What is the PE ratio of Pennon?
The price to earnings ratio of Pennon is -186.14.
What is the cash to sales ratio of Pennon?
The cash to sales ratio of Pennon is 1.95.
What is the reporting currency for Pennon?
Pennon reports financial results in GBP.
What is the latest annual turnover for Pennon?
The latest annual turnover of Pennon is GBP 907.8M.
What is the latest annual profit for Pennon?
The latest annual profit of Pennon is GBP -9.5M.
What is the registered address of Pennon?
The registered address for Pennon is PENINSULA HOUSE, RYDON LANE, EXETER, EX2 7HR.
What is the Pennon website address?
The website address for Pennon is www.pennon-group.co.uk.
Which industry sector does Pennon operate in?
Pennon operates in the WATER SUPPLY sector.

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