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
  -10.00 -1.09% 907.60 1,167,028 16:35:22
Bid Price Offer Price High Price Low Price Open Price
904.20 904.80 935.20 899.40 932.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 1,389.90 301.50 47.70 19.0 3,829
Last Trade Time Trade Type Trade Size Trade Price Currency
17:55:18 O 3,479 931.223 GBX

Pennon (PNN) Latest News (2)

More Pennon News
Pennon Investors    Pennon Takeover Rumours

Pennon (PNN) Discussions and Chat

Pennon Forums and Chat

Date Time Title Posts
02/3/202102:57Pennon into orbit ?1,211
28/9/201907:45Pennon - South West Water & Viridor Waste137

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Pennon (PNN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-03 17:59:01931.223,47932,397.25O
2021-03-03 17:50:00932.008798,192.28O
2021-03-03 17:08:50907.651,86616,936.66O
2021-03-03 16:56:20909.081,59714,517.99O
2021-03-03 16:53:58909.443,60432,776.04O
View all Pennon trades in real-time

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 917.60p.
Pennon Group Plc has a 4 week average price of 854.40p and a 12 week average price of 854.40p.
The 1 year high share price is 1,198.50p while the 1 year low share price is currently 854.40p.
There are currently 421,930,322 shares in issue and the average daily traded volume is 1,631,042 shares. The market capitalisation of Pennon Group Plc is £3,829,439,602.47.
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.
dartboard1: Pierre, non-execs in PNN are only on base salary... no bonus, pension or LTIP... also she was only on 78k last year... I think 10k is a good wack from her post tax disposable income.PNN is cheap here net of the cash compared to peers, happy to sit it out for six months to wait for my cap return or a small bolt on ... A very large acquisition would probably have me sell ... too difficult a
gateside: I doubt any of us have an agenda here, just frustration and also trying to work out how far PNN is going to fall. A Bulletin Board is not going to sway a FTSE100 company (soon to be FTSE250 company!!!), so I doubt that any of us are ramping or deramping! Held for ages too and reinvested dividends along the way. So still well in profit, but that profit is slowly being eroded away. I do agree that the Director buy was not massive, but at least it was not a sell. The time to sell was last summer, though shares have a habit of over reacting to the upside and the downside, so who knows how far this will fall. Some news of what is happening with the cash pile would be helpful. Very poor PR over the last year to say nothing. Not impressed with the silence, as it speaks volumes of.... we made a mistake selling Viridor and now do not know what to do!
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!
pierre oreilly: It's ten thousand quids worth. Dart, i don't wish to be harsh and don't think i am being. If she gets a 280k salary, i bet there's and extra 750k emoluments on top. It will be interesting to she if she got a sign on fee, and what level of bonus she gets this year. My gripe isn't with her salary or bonus, but her lack of appreciation of what signal a small director share buy sends out. She knew it would cause an rns - presumably she thought the signal was positive. I just hope it wasn't her attempt to help the company not get demoted. And if she thought no further than 'ive got a spare ten grand, i think i'll buy some of the company i run' then that shows a big lack of nous in my view. As a matter of interest dart - what view do you take of the buy? (btw, i'm not short and no interest in posting negatively in a silly attempt to get the price down. I'm here because i used to own quite a few pnn, and they have slumped since i sold, and i see potential at some stage. But each time i get very close to buying back i find further reasons why it doesn't suit me yet. I'm not a trader, i buy and hold for donkey's years, or until some very big sell signal gets in my head (like the pointlessness of selling a high growth/high profit business). nevertheless, they have a few billion in cash sitting around, so they are interesting from that pov. If people are short here and trying to talk it down i hope they get badly burnt.
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.
essentialinvestor: Dart, would agree with that. A share consolidation is the way to go for the majority of the proceeds. Private equity are awash with cash currently, Would be highly surprised if PNN can find a fairly priced large acquisition.
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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