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  6. Pennon Group Plc (PNN)

  7. Pennon Group Plc (PNN) Share Price

PNN

Pennon Group Plc

786.50
5.50 (0.7%)
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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
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  5.50 0.7% 786.50 1,420,616 16:35:14
Bid Price Offer Price High Price Low Price Open Price
787.00 788.50 794.50 777.00 780.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Water Supply 797.20 0.10 - - 2,054.43
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:08 O 7,425 786.34 GBX
Related Shares
National Grid (NG.), United Utilities (UU.), Armadale Capital (ACP), Fulcrum Utility Services... (FCRM)

Pennon (PNN) Latest News

Pennon News

Date Time Source Headline
01/6/202309:11ALNCNewsTOP NEWS: Pennon hikes dividend despite swing to loss amid costs rise
01/6/202307:00UKREGPennon Group PLC Full Year Results 2022/23
23/5/202308:27ALNCNewsPennon's South West Water probed by Ofwat on leakage information
23/5/202307:54UKREGPennon Group PLC Ofwat Investigation -- leakage and PCC
22/5/202310:15UKREGPennon Group PLC Director/PDMR Shareholding
02/5/202309:35UKREGPennon Group PLC Total Voting Rights
20/4/202311:33UKREGPennon Group PLC Director/PDMR Shareholding
14/4/202311:35UKREGPennon Group PLC Director/PDMR Shareholding
03/4/202307:00UKREGPennon Group PLC Total Voting Rights
27/3/202307:00UKREGPennon Group PLC Director/PDMR Shareholding

Pennon (PNN) Discussions and Chat

Pennon Forums and Chat

Date Time Title Posts
01/6/202314:08Pennon into orbit ?1,295
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
2023-06-08 17:45:12786.347,42558,385.75O
2023-06-08 16:55:25786.507,13056,077.45O
2023-06-08 16:51:58786.583,37026,507.71O
2023-06-08 16:42:22786.467,91162,217.22O
2023-06-08 16:42:21786.462,00915,800.07O

Pennon (PNN) Top Chat Posts

Top Posts
Posted at 11/5/2023 09:20 by pierre oreilly
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
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Posted at 22/1/2022 20:19 by arja
clearer downtrend but that appliws to quite a few companies . More downside for PNN as US indices tanked again after UK market closed
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Posted at 01/12/2021 13:24 by chc15
Lol those broker notes are pure nonsense. Defo a big seller in mkt, pnn will be buying back cheaper though.
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Posted at 01/12/2021 10:36 by typo56
A seller on the same day as Barclays increase price target? Surely not? Don't you just love these coincidences!

BARCLAYS RAISES PENNON GROUP PRICE TARGET TO 1300 (1060) PENCE - 'OVERWEIGHT'
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Posted at 28/11/2021 15:03 by philanderer
Questor: worried about inflation? This company's dividend growth plan is the answer

Questor share tip: Pennon’s defensive characteristics and sound financial position add to its appeal


https://www.telegraph.co.uk/investing/shares/questor-worried-inflation-companys-dividend-growth-plan-answer/
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Posted at 22/7/2021 22:53 by dartboard1
A lot of moving parts here. The special div will have taken 355p off the share price, the consolidation then brings it back roughly to square. After the sale they have less debt, a good pension position, an accretive acquisition with synergies, and are going to buyback 11% of the share cap... all positive I think.
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Posted at 22/7/2021 16:09 by glenowen
Correct me if I am wrong, but has this consolidation/special dividend not seen ordinary shareholders lose out badly? My holding was reduced by one-third, because of the 2 for 3 consolidation. I have, of course, received the special dividend a few days ago. But my calculations indicate that I have been forced, effectively,to dispose of one-third of my holding at a price of £10.65 per share (which, I assume, was the share price at the time of the announcement). In the meantime, the share price has increased by nearly 20%.

It seems to me that this was a forced sale of my one-third holding, which has turned out very well for the company - cancelling shares at a good price - but not so well for ordinary shareholders.

A “dividend̶1; suggests something which shareholders are being rewarded with. In this case, the exact opposite has happened. Why did the BOD of Pennon decide on this arrangement, when a more straightforward share consolidation - without this “special dividend” - would have more effectively achieved the desired “return of capital”.

Seems to me that shareholders have lost out - or am I missing something?
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Posted at 03/6/2021 17:40 by 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.
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Posted at 03/6/2021 13:29 by 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.
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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.
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Pennon share price data is direct from the London Stock Exchange
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