http://www.investegate.co.uk/pennon-gro ... 00061299Q/
They look OK to me. Dividend up 6.02% to 11.09p (from 10.46p).
The water business seems pleasingly boring, chugging along nicely. I note very significant funding from the European Investment Bank. I wonder what is going to happen to this loan source post EU exit.
The ERF business is more interesting. There are clearly still problems at the Glasgow plant:
These delays have resulted in Viridor terminating the construction contract with Interserve. The project will be completed by an experienced team assembled by Viridor with contractual remedies supporting completion. The client (Glasgow CIty Council) has been consulted throughout this period of change, and is supportive of Viridor's actions and the revised plan for completion.
but I like the sound of 'contractual remedies' (I don't hold Intereserve)!
A 12th plant is now planned, for Avonmouth - £252m.
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Pennon Interims
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Tight HYP discussions only please - OT please discuss in strategies
Tight HYP discussions only please - OT please discuss in strategies
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- Lemon Quarter
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Re: Pennon Interims
Dividend up 6.02% to 11.09p (from 10.46p).
Their commitment to inflation plus 4% I wonder when they measured RPI, as it looks like a little bit extra for me.
Thank you.
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- The full Lemon
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Re: Pennon Interims
but I like the sound of 'contractual remedies' (I don't hold Intereserve)!
I'm in the strange position of owning both (PNN in ArbWyfHYP) Not sure if that will mitigate my circumstances or make it doubly bad!
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- Lemon Quarter
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Re: Pennon Interims
kempiejon wrote:Dividend up 6.02% to 11.09p (from 10.46p).
Their commitment to inflation plus 4% I wonder when they measured RPI, as it looks like a little bit extra for me.
Thank you.
The commitment is one for whole years. Wait until the final before thinking that we are getting a bit more.
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