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Just sold out of royal mail which the labour government also want to take out of the private sector and bought in here. I don't think this share price has fallen because of labour, more because of the review coming up. However now this share seems a hold with its great dividend, so long term hold for me.
It is an absolute disgrace how water utilities in particular have been trashed. Shorter driven of course in a totally UNregulated market. 25% down in 2 months! Supposed 'safe defensive' water utility. I am sorry but has an election been called? No. Is Corbyn PM? No. Are Labour even ahead in the polls. No! No election required until 2022.
I could see this snapping back to 750 quite easily,
A relatively new holding for me, quite impressed by this company bought in favour of sse, can't believe the drop in sp however, like it is being handed to me on a plate, already topped up once to the holding after such a drop tempted to do again, although did not want to do this so soon. Looks pretty over sold
sub �6 the way its going.....quite bizzaire
35% down from 52wk highs. Any Ofwat changes do not come in until at least 2020.
most of the future income is coming from the Viridor side and EFW with four more plants coming on stream. This is not fully affected by political whims so at these levels a sound investment. I will buy more tomorrow
Another down day ? Is there any chance of revival as can’t see this ending ?
Political uncertainty and the possibility of a Corbyn government may well have scared off investors fearful of proposed nationalisation
For water and energy utilities to be trading at P/E's close to 10 is unheard of. Yield is close to 7% here now. 33% down in just 6 months. Brutal sell off.
Given the ERF fleet additional coming on line soon I say this is a bargain buy. This is the future of waste , ask any goverment official concerned.
If you long term then it’s just a blip surely ? But perhaps the bottom now ???? Thoughts ?
All sense seems to have gone. Absolute madness.
Let us accept that some of this sell off is political. The facts remain that this is a UK registered business, that is regarded in the industry as well run. It is not a pure water play. Re-nationalisation will be at least 5+ years away and in the meantime this should continue to offer a yield of 6%. In terms of on-going cash costs to the economy I would think that the early close-out of PFI projects should be a much higher priority for Corbyn. I bought into this just short of the peak and am nursing large losses, but I still think the sell-off is crazy and there are many worse businesses out there...............
bye bye sharesave...will see what option price is this year
Not sure but downaward trend looks set to continue for the time being.
Blame Comrade Fred Kite Who explains nationalizing Water won't cost Labor a penny because our shares will be exchanged for 'Zimbabwe style' Bond notes.
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Cracking opportunity awaits for PNN if you are not yet holding - low share price, rising dividends, continuous requirement and diversification v. pending BoE rate rise, out of favour share and Corbyn. So are you with or against ?
I think today will be worse than yesterday....general carnage all round...4% drop...no love for this at the moment.
add bond proxy, market correction, regulation to the list. Expect a bit more downward pressure on Monday as the states shares ended on a downer too
A temporary blip , In 6 months 2 more world beating ERF will be online and commissioned , they will be adding good profit to the investors and saving the earth at the same time . Time to top up
I am at a loss to understand why this has gone into free-fall. Are the big sales today instiutions bailing out?? This cannot just be a Corbyn effect
SP getting interesting a little bit more and I might have to have another top up.