Dee Valley Grp Share Discussion Threads

[scribbler101] 14/12/2007 10:18

priapus - I don't know what they asked for; but that sounds very good?

[praipus] 14/12/2007 09:49

Dee Valley Interim Review of Prices

RNS Number:9291J
Dee Valley Group PLC
14 December 2007


Dee Valley Group plc


Interim Determination of Price Limits


On 14 December 2007, the water industry financial regulator, Ofwat, announced
its final decision on the application made by the Group's operating company, Dee
Valley Water, for a review of prices.


Ofwat has determined that the maximum price limit that Dee Valley Water can
apply should increase from 0.6% to 5.0% in the charging year 2008/09 and from -
0.7% to 1.3% in the charging year 2009/10. The increase in revenue arising from
the new price limits amounts to approximately £830,000 in 2008/09 and £1,260,000
in the following year.

Note

Dee Valley Water applied to Ofwat for an interim review of prices on 12
September. The application was in respect of significant additional costs that
were not taken account of in price limits set at the Periodic Review in 2004.

Contact: Bryn Bellis (Managing Director)

David Guest (Finance Director)

This information is provided by RNS
The company news service from the London Stock Exchange
END

[scribbler101] 12/12/2007 15:24

We have today gone ex- a 16.9p div! MMs seem to have marked down 15p for it at open; then an extra 10p for lunch.

All on no trades at all!

[hindsight_speculator] 20/11/2007 17:56

Northumbrian Water is not a water-only company. They also provide sewerage services.

[praipus] 14/11/2007 10:31

Scribbler101 my good chap comment was realy aimed at Mr Market not your good self on this occasion.

Thanks Zeppo. Doesanyone know waht DVW think of Ofwat's deliberations? Edit just noticed that they aim to make an announcement on Friday!

[zeppo] 14/11/2007 09:55

From 6th November:

'LONDON (Thomson Financial) - Shares in Dee Valley Group PLC were higher midmorning after Ofwat's drafts response to Dee Valley Water's application for a review of prices, with Landsbanki reiterating its 'buy' stance and raising its price target 2.5 pct to 1,294 pence.' ................

z

[zeppo] 13/11/2007 21:10

There has been a price target recently suggested for DVW of over £12.00.

I will try to find out the source tomorrow.

z

[scribbler101] 13/11/2007 17:19

Good chap yourself. Keep it up.

Though I suppose you do so anyway.

[praipus] 13/11/2007 16:23

Good chap.

[scribbler101] 13/11/2007 15:29

There we are - Mr Market has increased the price 2.5% on no volume whatsoever.

You can hardly ask for more?

[scribbler101] 13/11/2007 15:29

There we are - Mr Market has increased the price 2.5% on no volume whatsoever.

You can hardly ask for more?

[jeffian] 06/11/2007 10:40

If Mr. Market likes it, he's got a funny way of showing it!

[praipus] 06/11/2007 09:33

Not sure if this is good or bad news Mr Market likes it but is it what the business was expecting or enough to cover its new environmental obligations?

RNS Number:0705H
Dee Valley Group PLC
06 November 2007

Dee Valley Group plc (the "Group")

On 5 November, the water industry financial regulator (Ofwat) announced its
draft decision on the application for a review of prices by the Group's
operating company, Dee Valley Water. Ofwat has proposed that the maximum price
limit will rise from 0.6% to 4.0% in 2008/09 and from -0.7% to -0.4% in 2009/10.
The increase in revenue would amount to approximately #640,000 in 2008/09 and
#718,000 in 2009/10.

Dee Valley Water will consider the draft price limits and respond to Ofwat by 16
November. Final price limits will be announced no later than 14 December.

Note:

Dee Valley Water applied to Ofwat for an interim review of prices on 12
September. The application was in respect of significant new costs that were not
taken account of in price limits at the 2004 price review because the costs were
not known at that time or were too uncertain.

Enquiries:

Bryn Bellis (Managing Director)
David Guest (Finance Director)

Tel. [phone]

This information is provided by RNS
The company news service from the London Stock Exchange
END

[praipus] 12/10/2007 12:25

Ok thanks Scribbler101

[scribbler101] 12/10/2007 11:52

Upright richard - L2 looks odd at the moment - a backwardation!

I think SETSqx must be causing problems?

[praipus] 12/10/2007 11:29

Seems to be re release of same news or have I missed something?

[praipus] 03/10/2007 09:23

Dee Valley applies to Ofwat for interim determination of prices UPDATE


(Adds details from the statement)
LONDON (Thomson Financial) - Dee Valley Group PLC said it has applied to the
water industry's financial regulator, Ofwat, for an interim determination of
prices.
The provider of water services said Ofwat will announce its determination on
the company's application no later than Dec 14.
The company said any changes to the prices from this application will be
effective from April 1, 2008.
Dee Valley said the application has been triggered by increases in costs,
due to a number of customers switching from unmeasured to measured charges and
increases in the level of bad debts and the cost of debt collection.
Additionally, the increase in charges paid to the Environment Agency for the
abstraction of raw water and discharge of effluent, as well as new legal
obligations related to the safety of the operating assets, also led to
increasing costs, the company said.

[scribbler101] 02/10/2007 23:02

What announceement is due in December?

[praipus] 02/10/2007 21:21

It does look grim and probably will until Ofwat's announcement in December. I would be surprised if Ofwat are too tough as DVW still need to be able to attract investors for capital works and make profits to pay for bad debtors and environment and EU regulatory related costs. Water being possibly the most regu;ated industry and Dee Valley being one of the smallest.

Thank you Scribller101 and jeffian for patronage of the new thread.

[jeffian] 02/10/2007 19:46

Ugh! I think I preferred it without the chart!

8-)

Regards, Ian

[scribbler101] 02/10/2007 18:22

Priapus, you are a fine, upstanding man.

And I see Zeppo has come back to light!

[scribbler101] 02/10/2007 18:21

Priapus, you are a fine, upstanding man.

On my way there now.

[praipus] 02/10/2007 14:04

Pleasure sorry its a bit late.

[zeppo] 02/10/2007 12:54

Praipus

Thank you!

z