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    PNN   GB00B18V8630

PENNON GROUP PLC

(PNN)
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Pennon : may return unit sale cash to shareholders if it fails to find suitable deals

03/30/2021 | 03:25am EDT

(Reuters) - Pennon Group Plc said on Tuesday it would consider returning proceeds from its 4.2 billion pound ($5.78 billion) sale of its waste management unit to shareholders if it failed to find suitable investment opportunities in the UK water sector.

The South-West Water owner said it is continuing to narrow down its review of potential growth opportunities, and it would make a substantial return of capital to shareholders in the absence of a major value accretive investment opportunity.

The London-listed company, which is on track to deliver financial results in line with management expectations, said it would provide clarity on the returns by the time of its full-year results on June 3.

($1 = 0.7263 pounds)

(Reporting by Shanima A in Bengaluru; Editing by Rashmi Aich)


© Reuters 2021
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Financials
Sales 2021 611 M 845 M 845 M
Net income 2021 1 573 M 2 175 M 2 175 M
Net cash 2021 125 M 173 M 173 M
P/E ratio 2021 3,98x
Yield 2021 2,12%
Capitalization 4 323 M 5 974 M 5 979 M
EV / Sales 2021 6,87x
EV / Sales 2022 6,83x
Nbr of Employees -
Free-Float 99,4%
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Technical analysis trends PENNON GROUP PLC
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 082,57 GBX
Last Close Price 1 025,50 GBX
Spread / Highest target 19,0%
Spread / Average Target 5,57%
Spread / Lowest Target -0,54%
EPS Revisions
Managers and Directors
NameTitle
Susan Jane Davy Chief Executive Officer & Executive Director
Paul Michael Boote Group Finance Director & Director
Gillian Ann Rider Chairman
Neil Cooper Senior Independent Director
Iain Evans Independent Non-Executive Director
Sector and Competitors