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Key Investment Highlights
· Acquisition of SES Water and other ancillary businesses, adding a high-quality business with over 750,000 customers and a forecast shadow Regulatory Capital Value ("RCV") of £351(2) million as of 31 March 2024,,, New Customers = more profits and more Dividends going forward
Started: Jumbo07, 21 Jun 2024 12:34
Last post: Jumbo07, 21 Jun 2024 12:34
Topped Up Again,, ahaid of price increases coming into effect next month,,, and making huge profits and increased Dividends
Started: Jumbo07, 20 Jun 2024 09:03
Last post: Jumbo07, 20 Jun 2024 09:03
Deeply Under Valued,, Buying More,, Pennon Group Plc's (LON:PNN) Intrinsic Value Is Potentially 59% Above Its Share Price
Simply Wall St
Simply Wall St
Published March 21, 2024
LSE:PNN
Key Insights
Pennon Group's estimated fair value is UK£10.63 based on Dividend Discount Model
Pennon Group's UK£6.67 share price signals that it might be 37% undervalued
Our fair value estimate is 28% higher than Pennon Group's analyst price target of UK£8.33
Started: Jumbo07, 20 Jun 2024 08:55
Last post: Jumbo07, 20 Jun 2024 08:55
Looking Good Going Forward,, Cheap as Chips ,, Should Be £10.00 plus,, Analysts' Revenue Estimates For Pennon Group Plc (LON:PNN) Are Surging Higher
Simply Wall St
Simply Wall St
Published June 04, 2024
LSE:PNN
Celebrations may be in order for Pennon Group Plc (LON:PNN) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts have sharply increased their revenue numbers, with a view that Pennon Group will make substantially more sales than they'd previously expected.
After this upgrade, Pennon Group's eight analysts are now forecasting revenues of UK£1.1b in 2025. This would be a substantial 20% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of UK£943m in 2025. The consensus has definitely become more optimistic, showing a nice increase in revenue forecasts.
Last post: Jumbo07, 19 Jun 2024 12:36
Just Topped Up
Upside,, Fri, 14th Jun 2024 09:27Alliance News
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:
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FTSE 100
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Bank of America raises Legal & General to 'buy' (neutral) - price target 268 (275) pence
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Barclays raises Halma price target to 2,840 (2,650) pence - 'overweight'
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Berenberg raises Halma price target to 2,450 (2,295) pence - 'hold'
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Deutsche Bank cuts B&M price target to 630 (660) pence - 'buy'
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Goldman Sachs cuts Burberry price target to 1,380 (1,450) pence - 'neutral'
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FTSE 250
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Barclays cuts Crest Nicholson price target to 230 (258) pence - 'overweight'
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Deutsche Bank Research cuts Crest Nicholson target to 255 (264) pence - 'buy'
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Berenberg cuts Harbour Energy price target to 356 (360) pence - 'buy'
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Jefferies raises Cranswick price target to 5,000 (4,800) pence - 'buy'
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JPMorgan cuts Ninety One price target to 179 (191) pence - 'neutral'
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UBS cuts Pennon Group price target to 870 (890) pence - 'buy'
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JPMorgan cuts Great Portland price target to 420 (500) pence - 'overweight'
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SMALL CAP
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Berenberg reinitiates AB Dynamics with 'buy' - price target 2,620 pence
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Berenberg cuts Kistos price target to 295 (305) pence - 'buy'
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Deutsche Bank cuts Iomart Group to 'hold' (buy) - price target 160 (185) pence
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UBS cuts Wise price target to 1000 (1020) pence - 'buy'
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UBS raises South32 price target to 220 (210) pence - 'buy'
Started: Jumbo07, 18 Jun 2024 17:00
Last post: Jumbo07, 18 Jun 2024 17:00
The 11 analysts offering 12 month price targets for Pennon Group plc have a median target of 770.00, with a high estimate of 955.00 and a low estimate of 650.00. The median estimate represents a 27.17% increase from the last price of 605.50.
Started: Jumbo07, 22 May 2024 10:12
Last post: Elllltelinv, 14 Jun 2024 07:24
Will they still dump when it is dry.
Raising bills is a scam
A little known fact that water companies, pennon included have been taking controbutions since privitisation for every additional connection made to their systems from builders and developers.
And all that money was specifcally ringfenced to provide for the additional demand placed on water and sewerage networks, to cater for that increased usage.
So, one new house ='s 1 new sewerage and water infrastructure charge, bigger properties calculated on a multiple and so pay much more.
At one time these costs were £1500 for a single house. Around about half that now.
I wonder where all that money went? - because clearly it didnt end up being ploughed into the networks which have been 'sweated' and left to cope ever since.
IMV its a bit late for them to be crying 'more money please' afetr they have milked all new connections since 1991 and done nothing with the cash they have creamed in.
Or .....................
Water firms seek to raise bills up to 91% to prevent sewage dumping
Water firms seek to raise bills up to 91% despite rampant sewage dumping
Last updated: 16:20 21 May 2024 BST First Published: 15:31 21 May 2024 BST
Started: Elllltelinv, 14 Jun 2024 07:14
Last post: Elllltelinv, 14 Jun 2024 07:14
The parent company of SW water is in the spotlight as one of the worst illegal polluters in England.
Dumping sewage during storms is acceptable but not in dry weather.
I am glad personally that Labour will be the next Government who will consider revoking the licence of Pennon Group to run SW water
Somebody Clearly thinks this is too Over Valued and it should be much lower with half a million stock sale,,🤔,,
Not Looking Good,, would it break the £6.00 to the downside,, as uncertainty begins to settle about the elections,, if labour wins, then only god can help 😧😣,, Don't know what to do?
Last post: TheGreyMonk, 23 May 2024 14:55
Labour are no more likely to win the election than they were yesterday and there was always going to be an election this year - Ive bought some this morning
Will Labour Win be trouble?,,
Last post: Jumbo07, 23 May 2024 11:48
Just Topped Up nice little buy . Just over a thousand more shares
Started: Jumbo07, 23 May 2024 10:25
Last post: Jumbo07, 23 May 2024 10:25
With Labour Win,, i don't think labour will be able to take it public,, because they won't have enough money to do it,, so this could be Good opportunity to buy in,, or even top up,,
Started: Jumbo07, 22 May 2024 13:55
Last post: Jumbo07, 22 May 2024 13:55
Pressure to the downside,,hmmm
Started: Jumbo07, 22 May 2024 10:57
Last post: Jumbo07, 22 May 2024 10:57
Barclays cuts Pennon group price target to 1,030 (1,060) pence - 'overweight'
Last post: seen_it_done_it, 21 May 2024 13:39
I sold my PNN shares a week or two ago. It does seem that it was a good timing. Sold at 724, and just them back at 666. What a big dip, and I always buy the dip. Let's see a good rebound from here.
So, good luck everyone.🤞🤞💪💪
Big drop today
Bill for all that 'Peckham spring' water in Brixham must have landed
A troubled share at the mo, but a buy at 6 quid.
Started: Daytradenovice, 14 May 2024 20:26
Last post: Daytradenovice, 14 May 2024 20:26
And not the monetary sort in Pennons (Brixham) area i see on the news.
Company says its not the source and advises to continue drinking the water, wonder where its originating from?
Never nice to hear that word, unless buying onions
Started: RoyGa, 12 Jan 2024 10:49
Last post: Daytradenovice, 17 Apr 2024 21:57
Interested observer only here, but by God is this one a bit of a lame duck sp wise.
The CEO has bought 22 shares, wow, what a vote of confidence! And The SP responded with an 18p up, hahahahaha....🤣🤣
SP dropping from placing price of £7.30. Looks like large shareholders are selling. They know something that small shareholders don't.
Under £7.25 today. That is cheaper / near/same as/than buying at placing price of £7.30 included stamp duty and commission if you are with broker that charge low fees
Started: RoyGa, 15 Jan 2024 15:35
Last post: RoyGa, 15 Jan 2024 15:35
Wonder why large shareholders ares reducing after buying in the Placing. Do they know something?
Started: Scarfell, 11 Jan 2024 09:32
Last post: RoyGa, 11 Jan 2024 14:35
Must be some reason in the madness or is it someone is making money on the side and not care for shareholders
The Times is questioning why they bought a water company (in pretty dire debt straights and making losses) at a 6% premium.
Started: Jason31, 9 Jul 2023 12:35
Last post: Monkf6, 29 Sep 2023 17:31
I do not know for sure Jason but I did consider scenarios when Labour/Mr Corbyn and co. had a chance at power and were proposing to nationalise water as well as most everything else.
The plan, as I understood it then, was to buy water companies at a "fair" price. It would not be a Venezuela-esque seizure of assets. The uncertainty is around what would be "fair". Of course the share price would fall in the run up to an election and nose dive after the result. An ensuing legal battle with each water company would presumably make it impossible to achieve nationalisation in a government term. Unless the price was fair. I think that protects from severe downside, and, of course, it is often all hot air with politicians, who would row back on their proposed plans once in office. Too much like hard work.
Does anyone know what may happen to shareholders if Pennon was nationalised?
Worrying times!
Started: Gerry557, 24 Feb 2023 09:41
Last post: Gerry557, 3 Apr 2023 16:46
I have taken that last top up back off the table. It was only a small profit and a dividend to come.
Talk of more messing by the regulator's didn't help.
Slowly rebuying those that were sold previously. Maybe inflation might give them a kick but I suppose that will be a double edged sword. Its close to a support line so might kick up from here or I might buy another lot if it falls through.
Mrs Davy appears to have eaten too many fantasy fruit pastilles that Pennon is a force for good, checking all the necessary boxes to virtue signal to an unknown audience.
You won't need management consultants in to learn that residents in the South West, Bournemouth, and Bristol will want clean, safe drinking water, consistently and at a good price. This is the force for good. Maybe I am too old in the tooth for today's corporate social responsibility world.
SWW trust pilot 2.2 rating may suggest spending on customer service skills and training would do more good than TV commercials showcasing their limited electric fleet.
The cash committed to a buy back is now allegedly going into the renewable energy projects.
Fantasy and reality continue to diverge here. Ofwat criticised the usual bad six for paying excessive dividends when they are not meeting expected performance. Surprise, surprise South West Water was one of them.
H1 profit down over 70%. I thought H1 last year was down YoY. Although increases in finance costs totalled £40m and increases in energy costs totalled £50m. These are high and unusual costs so the underlying business appears to be performing quite well.
Will South West Water just increase customer bills next year? Or does Ofwat control that? Never paid much attention to the bill from Thames Water. Assume it increases annually like poll tax.