Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Pennon Group plc    PNN   GB00B18V8630

Delayed Quote. Delayed  - 09/30 05:35:22 pm
892 GBp   -0.94%
09/30 DIRECTOR DEALIN : Viridor Finance Boss Buys Shares In Pennon
09/22 PENNON : *socgen raises pennon group price target to 875 (840) pence..
09/20 DIRECTOR DEALIN : Pennon's South West Water MD Sells Shares
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Pennon Group plc : Response To Ofwat Section 13 Notice To Modify Water Company Licences

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/23/2012 | 06:52pm CEST
Response To Ofwat Section 13 Notice To Modify Water Company Licences

23 November 2012

Pennon Group's subsidiary, South West Water, has notified Ofwat, along with the majority of the other water companies, that it is unable to accept the proposed changes to its operating Licence conditions set out in the Section 13 Notice from Ofwat dated 26 October 2012.

Whilst we support the need to make Licence changes for the next price review process in 2014 to find new and more innovative ways to deliver sustainable water and sewerage services it is believed that the Licence proposals set out by Ofwat in the Notice are not in the long term interests of customers and are insufficient to maintain investor confidence.

We welcome Ofwat's latest statement to the industry which clarifies some of the Section 13 Notice proposals.  Whilst we have not been able to consent to the proposals we have responded to Ofwat constructively on our concerns and how these can be addressed. South West Water looks forward to continuing discussions with Ofwat to achieve a mutually acceptable conclusion which will protect the interests of our investors and South West Water customers.

Pennon Group will announce its Half-Year Results to 30 September 2012 on Thursday 29 November 2012.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PENNON GROUP PLC
09/30 DIRECTOR DEALINGS : Viridor Finance Boss Buys Shares In Pennon
09/22 PENNON : *socgen raises pennon group price target to 875 (840) pence - 'hold'
09/20 DIRECTOR DEALINGS : Pennon's South West Water MD Sells Shares
09/20 PENNON : Remains On Track As Water Unit Outperforms Regulatory Contract
09/20 PENNON : Trading Statement
09/20 PENNON : Trading Statement
09/15PENNON GROUP PLC : quaterly sales release
09/15 Ofwat Prepares Price Caps Before Opening Business Market In 2017
09/01PENNON GROUP PLC : quaterly sales release
09/01 PENNON : Says Viridor CEO McAulay Resigns With Immediate Effect
More news
Sector news : Environmental Services & Equipment - NEC
09/01 Fearing lawsuits, U.S. banks set sky-high limits for director pay
08/30DJVEOLIA ENVIRONNEMENT : Gets £338 Million Contract From The London Borough of Cam..
08/17 Canada's Brookfield to buy Odebrecht Ambiental
08/16DJWASTE MANAGEMENT : Trucking Industry Cautiously Embracing New Federal Standards
07/28DJREPUBLIC SERVICES : Profit Retreats on Climbing Expenses
More sector news : Environmental Services & Equipment - NEC
News from SeekingAlpha
09/05 INVEST IN WATER PART 13 : Pennon Group, Another One Bites The Dust
07/12 Investing With British ETFs
04/05 PIO : An Ancient Rhyme
Advertisement
Financials ( GBP)
Sales 2017 1 407 M
EBIT 2017 275 M
Net income 2017 165 M
Debt 2017 2 701 M
Yield 2017 4,00%
P/E ratio 2017 23,00
P/E ratio 2018 22,04
EV / Sales 2017 4,54x
EV / Sales 2018 4,49x
Capitalization 3 682 M
More Financials
Chart PENNON GROUP PLC
Duration : Period :
Pennon Group plc Technical Analysis Chart | PNN | GB00B18V8630 | 4-Traders
Full-screen chart
Technical analysis trends PENNON GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 8,79  GBP
Spread / Average Target -1,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Christopher Loughlin Chief Executive Officer & Executive Director
John Parker Non-Executive Chairman
Susan Jane Davy Executive Director & Group Finance Director
Martin David Angle Independent Non-Executive Director
Gillian Ann Rider Senior Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PENNON GROUP PLC3.60%4 778
WASTE MANAGEMENT, INC.19.47%28 200
REPUBLIC SERVICES, INC..14.69%17 297
KURITA WATER INDUSTRIE..-5.61%2 810
BEIJING SPC ENVIRONMEN..--.--%2 763
CLEAN HARBORS INC15.20%2 759
More Results