Market's view on Pennon
Published on April 2024
- Stock watchers are considering buying shares due to the company’s potential for dividend income.
- There is a discussion about the timing of buying shares, with some watchers setting limit orders.
- The recent acquisition news has led to mixed reactions; some believe it benefits the company, while others feel it’s not favourable for buyers.
- Concerns were raised about the company’s significant debt and its impact on sustainability and profitability.
- Observations were made that institutional investors seem to be selling off their shares, which might indicate insider knowledge.
- The company announced an increase in interim dividends and an opportunity for shareholders to reinvest these dividends.
- There is a discussion on the company’s plans to increase household bills to fund investments in renewable energy.
- Speculation about other investors, potentially from Qatar, showing interest in the company similar to movements in other utility companies.
- Stock watchers noted unexplained significant drops in share price, speculating on causes like large sellers offloading shares.
- General sentiment about the company’s financial health is cautious, with mentions of increasing debt and questionable dividend sustainability amidst financial challenges.