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DVW Dee Valley Grp

1,812.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Dee Valley Grp LSE:DVW London Ordinary Share GB0031798449 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1,812.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1,812.50 GBX

Dee Valley Grp (DVW) Latest News

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Dee Valley Grp (DVW) Discussions and Chat

Dee Valley Grp (DVW) Most Recent Trades

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Dee Valley Grp (DVW) Top Chat Posts

Top Posts
Posted at 18/2/2017 16:14 by topvest
Each to their own. Think they have had a good run and the combination of interest rate risk and significant regulatory risk with retail being opened up to competition etc., is not a great background when share prices are at all time highs.
Posted at 13/12/2016 15:41 by hindsight_speculator
Re 443.
Water abstraction costs are set by the EA to protect the natural environment and ensure a "safe" yield from water sources. As far as I am aware DVW does not enjoy a lower tariff than any other water company. Neither does DVW have a surplus of water available - its position is "balanced".

Abstraction costs and power costs will be significant for DVW. Most of the raw water comes from the Dee, which is effectively at sea level. So water has to be pumped all round the system. It's not so bad at Chester but most of the raw water still has to be pumped to the main treatment works from the Dee.
Posted at 12/12/2016 09:17 by praipus
So is this the scenario?

SVT's cost of water abstraction is higher than DVW due to geography?

DVW has a surplus of water available to it at low cost in most weather conditions.

In hot weather SVT and UU. customers suffer, hose pipe bans, low pressure etc. As well as from higher rates.

Currently only DVW customers can benefit from low water abstraction costs?

Merging SVT & DVW would provide cheaper water to more customers improving health and the economy over a wider area?
Posted at 08/12/2016 14:35 by exbroker
Greetings all
I am not sure if there is a bit of seasonal madness breaking out on this board but why would you accept the bid at 1706 when you can vote for the SVT one at 1825 or sell in the market?
The price is lower today as there will be no improvement to the SVT offer and the buyers of which I was one have dropped the price, there is a buyer in the market but not a market maker giving 1800 for 35000 at the start of today. I am looking nearer 1790 as I have to pay stamp so my costs are about 12p per share with the comm.
Ancala are not allowed under the takeover rules to just pull their bid so it will remain open until at least the first closing date, 15 December. They can after that lapse it releasing the irrevocables entered into by Axa and Aviva. I am not expecting any problem from the CMA on the SVT bid, the last day to trade DVW after the SVT vote assuming it goes through will be 25 January.
Here is the detailed timetable from the Stock Exchange system, don’t ask!!


Relative Details and Dates:
Please see below for expected timetable: (All times are London times unless otherwise stated. Dates are indicative only.)

- Scheme Circular will be sent to Dee Valley Ordinary Shareholders as soon as practicable and in any event within 28 days as of 16 November 2016, unless otherwise agreed with the Panel.
- The phase 1 clearance from the CMA for the transaction is expected to be achieved within approximately 40 working days from the date of this announcement.
- The revised dates of the Court Meeting and the General Meeting will be announced as soon as practicable and will be not less than 14 days after the date of the announcement. The announcement setting out the dates for the Court Meeting and the General Meeting will also set out the anticipated date for the Scheme Court Hearing, the anticipated Effective Date and the anticipated date of delisting of the Voting Ordinary Shares and the Non-Voting Ordinary Shares in connection with the Revised Ancala Bid.

2017-01-10 Latest time for Scheme Shareholders to lodge blue Forms of Proxy for the Court Meeting in relation to the Scheme (9:30)
2017-01-10 Latest time for Voting Ordinary Shareholders to lodge pink Forms of Proxy for the General Meeting in relation to the Scheme (9:45)
2017-01-10 Scheme Voting Record Time (18:00)
2017-01-12 Court Meeting in relation to the Scheme (9:30)
2017-01-12 General Meeting in relation to the Scheme (9:45)
2017-01-17 Latest time for lodging of green Loan Note Forms of Election and TTE Instructions in respect of the Loan Note Alternative (11:00)
2017-01-18 Scheme Hearing Date to sanction the Scheme
2017-01-18 First closing date of the Contractual Offer (13:00)
2017-01-19 Scheme Record Time (18:00)
2017-01-19 Last day of dealings in, and for registration of transfers of, Ordinary Shares (17:00)
2017-01-25 Cancellation of listings of Ordinary Shares (8:00)
2017-01-25 Effective Date of the Scheme
2017-02-08 Latest date for despatch of cheques or settlement through CREST (as appropriate)
Posted at 07/12/2016 22:19 by ellie15
Praipus, when SWW acquired BW the WIA and CMA ruling was that if the company had a turn over of 10million then it would be refereed to a CMA level 2, that ruling has since changed, otherwise DVW would be an automatic referral. The fact that it involves a Welsh company at a time when there are significant changes in the not too distant future regards devolution and that there is so much political pressure surrounding this and undoubtedly other factors relating to the potential for a level 2 investigation does throw an element of risk in to the equation in my opinion. If SVT fail then the share price will drop so a missed opportunity to cash in so the question is, take the risk and lose out or take the high price now without risk. As a customer of DVW also, I have stated previously that there is a potential to lose out with the inevitable higher bills from SVT and the fact that I would prefer to keep my water supplier local with local people on employment so a number of reasons. From a shareholder point of view, I believe there is uncertainty and with Ancala revised statement, there is also still the option for the remaining shareholders to continue with dividends so the vote isn't a foregone conclusion imo
Posted at 07/12/2016 18:52 by ellie15
WHy are Ancala leaving the bid on the table, is there some uncertainty about SVT coming out on top, they have from the start stated they will withdraw in the event of a phase 2 CMA investigation, a lot of political pressure against SVT acquiring DVW. If SVT fail then the share price drops, those who want to sell will lose the opportunity to cash in on shares. Maybe time to cash in with Ancala and let them take 51%, that leaves those who don't want to sell still able to take dividends. Amazing how people selling shares to Ancala are all vulnerable or pensioners, don't see it myself.
Posted at 07/12/2016 06:22 by ellie15
Share price would no doubt head south if both bids fail but why wouldn't it recover and continue to pay shareholders dividends which have been subject to steady growth over the years? As they've survived for many years on their own, can't see why they would be unable to continue to do so particularly as they already outperform the big players, SVT included in many areas already. Lose / lose for those of us who are DVW customers, no dividends, poor customer service and inflated bills. Would still take the Ancala offer if it came to one of the two as that gives the most surety for me and many others as customers.
Posted at 24/11/2016 15:33 by praipus
Nearly:) Though the real wish list is not having to sell DVW at all. 150 years of history and growing value gone in a moment of greed.

If the bids all lapsed or failed due to Ofwat or something the share price would probably be painful short term but better for long term DVW private share holders. They wouldnt lose those RPI linked returns and asset growth while all around negiotiate Brexit and the EU tries to avoid collapsing in its current form. Just thoughts.

Swapping DVW for SVT shares is more desirable than cash IMHO.
Posted at 16/11/2016 18:20 by praipus
Rubbish at £78m, it works out SVT are paying £288 pounds for each customer.

Each customer will pay them cash every month for the rest of their lives...and then their children and then their children and so on for infinity.

Wake up! If you redartmud are a DVW shareholder you are being robbed.

Index linked income and asset growth v a one off payment 20% above average share price doesn't replace it IMHO especially without a loan note or similar capital gains tax mitigating alternative.

SVT I suspect is a better fit than Ancala from an employees perspective benefits, training, security, career prospects etc. That said I dont know what UU. or Welsh Water or PNN or any other utility might offer.
Posted at 16/11/2016 12:45 by praipus
So it's you who's pushed the market over the current Takeover price? :)

No idea on counter offer, but might explain why the share price offer price going north of the takeover price. No trades at that level yet though according to delayed info on the LSE website.
Dee Valley Grp share price data is direct from the London Stock Exchange

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