Dee Valley Grp Share Discussion Threads

[skyship] 04/6/2010 15:13

Zeppo - for a great income stock take a look at FPEZ:



Offered @ 105p they redeem @ 152.14p in Dec'2014. The Gross Redemption Yield currently = 8.4%

[beardmore] 03/6/2010 20:18

Agree completely about Kelda. That was a very sound income stock. As to BP - well I'm in and you're out and I reckon that you made a sensible decision, Zeppo!

[zeppo] 03/6/2010 19:25

jeffian

Hopefully it is only living ducks that swim with water companies.

Being retired I am happy to get divis - especially if they grow with inflation.

As has been said before the dilemna is where to invest for safe income of this gets taken out. And if it gets taken out too cheaply - Ouch?

Kelda went too cheaply in my opinion.

Sold my BP shares three weeks ago. I had been hoping that they were reliable income producers. Now who knows?

z

[jeffian] 03/6/2010 17:10

Yes, solid and good divi but lacking in excitement! It was always perceived as a potential takeover target (see previous thread) and one of the reasons I bought in. Is that a dead duck now?

[beardmore] 03/6/2010 09:10

A good share that I'm pleased to hold, with an excellent dividend.

[zeppo] 03/6/2010 07:54

Excellent divi!

Good results!

z

[skyship] 03/6/2010 07:20

At first glance seems highly satisfactory. At 900p the PER = 8x and the yield on the increased divi now = 6.17%

[zeppo] 31/5/2010 09:51

Results Thursday 3rd June.

Divi frozen last time. Hope for better things this time.

z

[skyship] 17/5/2010 14:32

Finals were on 2nd June last year - so perhaps only 2-3 weeks away until the declaration of our Final dividend, which was 35.4p last year..........

[skyship] 31/3/2010 08:09

CEO of Scottish & Southern on the Derek Randall show (SKY News) talking of rationalisation needed in the Water Industry. Couldn't agree more - and you can start right here.....

[zeppo] 04/3/2010 11:33

Shares tightly held.

250 buy causing price hike.

Spread has currently tightened.

z

[skyship] 02/3/2010 18:14

870-920 - looking good....sod all stock moving, but nice nevertheless.

[praipus] 16/2/2010 12:08

Dont forget that NWG owns a water only company too. And ECOFIN (ECWO,ECWS,ECWZ,ECWL) have NWG (subject to bid rumours too) in their top ten and the dividend paying ECWO trade at a 22% discount to NAV!

[jeffian] 16/2/2010 11:50

Yes, that's what I thought when I bought them years ago! I wish they'd bleedin' well get on with it.

[beardmore] 16/2/2010 11:34

This is a well-managed Company and so, inevitably, it is destined to be taken over.

[skyship] 16/2/2010 07:34

Nothing of too much concern in the IMS. Severe snow interruption costs would have been a temporary negative:

[skyship] 15/2/2010 17:43

This has been pootling around doing nothing for far too long - 6months! Time for a breakout into double £figures. £10 anticipated shortly....

[zeppo] 31/1/2010 12:30

Interesting!

z

[skyship] 31/1/2010 11:55

Today's Sunday Times suggests a 325p bid could be on the way for NWG - current share price = 259p:

[ygor705] 28/1/2010 16:24

Board look pretty confident that they can at least hold the divi until 2015. Its yielding 6.9% covered 1.6 times. Doesn't look too bad to me.

[topvest] 20/1/2010 08:09

Good news indeed.

[zeppo] 19/1/2010 19:43

Shall continue to hold for inflation linked income.

Not too fussed about a bid.


z

[beardmore] 19/1/2010 18:05

Well that's good news and as you say SKYSHIP there's always the possibility of a bid.

[skyship] 19/1/2010 17:42

Response to Final Determination of Price Limits
===============================================
"The Board has carefully considered the detailed information provided by Ofwat on 26 November 2009 as part of its Final Determination of price limits, to apply from 2010 to 2015. Ofwat's proposals would mean a maximum increase in the average household bill for water from GBP128 in 2009/10 to GBP130 in 2014/15 (excluding the effects of inflation). During this period Dee Valley Water plc, the Group's operating subsidiary, will be investing around GBP34 million, most of which will be on the maintenance of its assets.

Following a detailed analysis of the proposals, the Board has decided that it
will not be seeking a referral of Ofwat's decision to the Competition
Commission.

The Board has also considered its dividend policy in the light of the above
decision and of its non-regulated business. In the absence of unforeseen
circumstances, it is the Board's intention to continue with the current policy
of at least maintaining dividends in real terms over the five-year period from
2010."
=================================================

At the moment we have an annual divi of 52.7p for a yield of 6% @ 875p.

Not cheap, but certainly reasonable value with the likelihood of rising dividends and the chance of a bid.

[zeppo] 04/12/2009 15:50

Where do you safely invest for income if it does go?

I agree with Praipus's posting 126.

z