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Synnovia (Plastics Capital as was) – trading statement; is a 10%+ forecast reduction really “broadly in line”?!
Hello Share Punchers. Allow me to bring you yet another company which is growing profit faster than revenue. You'll recall that I maintain this is one of the best portents you can find for a rising share. Today's winner is Pennon (PNN), the utility which owns South West Water…
Hello, Share Fanciers. Pennon Group (PNN) is one of those companies which gives investors a certain pride. That’s because what it does helps the planet.
Hats off to top broker CSFB for daring to publish a negative note on a blue chip company. The 33 page missive on Pennon (PNN) - formerly South West Water. The note flags up the huge losses being racked up by a 75% owned joint venture, Peninsular, which appears to be held off balance sheet. CSFB rates the shares underperform. I'd go one further and say sell. This reads very badly indeed. If this jv was consolidated, reported earnings would be 30% lower. Why is it not? Pennon needs to clear this matter up at once.
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