If you'd invested in: Victrex and Pennon Group

published 20 April 2018

If only...

Victrex (LSE: VCT) manufactures high-performance plastics. Its shares rose in September as the group announced that its effective tax rate would fall from 21% to 12% with immediate effect. The firm also announced that it had appointed Jakob Sigurdsson as chief executive, replacing David Hummel who is retiring after 24 years in the role. In February Victrex reported that revenues had grown 41% to £78.7m between October and December, albeit compared with a weaker spell a year ago. Meanwhile, sales volumes during the quarter rose by 30% on the same period last year.

Be glad you didn't buy...

Pennon Group (LSE: PNN) is a water utility and waste-management firm. Its shares have plunged roughly 30% in the past year as investors have become concerned about the sustainability of its 6.8% dividend yield. The threat of nationalisation under a future Labour government and the regulator's aim to force water firms to invest more has added uncertainty. In March, Pennon said that its Glasgow energy-recovery facility is likely to cost £95m more than the planned £155m. Despite this, performance for the year to the end of March was in line with expectations.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Explore More

Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.