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PNN Pennon Group Plc

620.50
6.50 (1.06%)
26 Jul 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
  6.50 1.06% 620.50 745,516 16:35:07
Bid Price Offer Price High Price Low Price Open Price
614.00 615.00 617.00 604.00 616.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Sewerage Systems 907.8M -9.5M -0.0332 -185.09 1.76B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:49:11 O 984 620.50 GBX

Pennon (PNN) Latest News

Pennon (PNN) Discussions and Chat

Pennon Forums and Chat

Date Time Title Posts
25/7/202408:12Pennon into orbit ?1,387
22/1/202220:19Pennon - South West Water & Viridor Waste156

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Pennon (PNN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:49:13620.509846,105.72O
2024-07-26 15:47:09617.384,08325,207.71O
2024-07-26 15:35:27620.501,0196,322.90AT
2024-07-26 15:35:07620.50459,6542,852,153.07UT
2024-07-26 15:29:47614.5068417.86AT

Pennon (PNN) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 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 614p.
Pennon currently has 286,045,323 shares in issue. The market capitalisation of Pennon is £1,757,748,510.
Pennon has a price to earnings ratio (PE ratio) of -185.09.
This morning PNN shares opened at 616p
Posted at 18/7/2024 07:57 by netcurtains
demand outstrips supply for water and for the share certificates.
Posted at 11/7/2024 21:37 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 15:57 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 15:35 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 14:32 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 13:38 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 13:05 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 21:16 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 02/5/2024 15:44 by cirlbunting1
Typical... just when I figured out a price point to enter... the stock jumps more than 10%. Not sure if it will retrace... and my stubbornness wont let me buy at this price (something I need to fix). Will keep watching this.
Posted at 13/6/2020 10:07 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

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