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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kelda Grp. | KEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1,089.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,089.00 |
| Top Posts |
|---|
Posted at 26/11/2007 15:58 by zeppo Looks like we have been sold out.It looks like a fait accompli. Why have they not waited to see if there might be counter-bids? I very much would have preferred steady divi increases. This is way below £13.51 suggested by Praipus. It seems to have dire implications for my other water holdings. z |
Posted at 23/11/2007 12:42 by praipus I'm not sure what the RAV is but suspect it may be higher than the current offer price. So to use Tobins Q Ratio (replacement cost) the offer would need to be £13.51+ IMHO or RAV + 25-30%.I should say I do not hold KEL. I do have DVW, NWG and ECWC (which holds PNN, NWG and SVT) do take a look at ECWC if you like whats happening here and special situations in general. |
Posted at 07/6/2007 09:13 by wrightey Zeppo,from the following paragraph I am assuming that this years dividend will be paid on shares owned before reorganization. Dividends in respect of the year ending 31 March 2008 will be adjusted to take account of the return of capital. For the current regulatory period to 2010, we also plan to retain our policy of growing dividends by 2% real, in line with regulatory expectations. Hope you understand the paragraph as I did. W.. |
Posted at 07/6/2007 08:22 by zeppo I am assuming that the divi annouced today will be paid on all current shares - not on the reduced number of shares after the cash-back due in four weeks.Any ideas? z |
Posted at 23/5/2007 18:42 by linhur WrightyThe B shares will not be affected by any takeover as the terms for disposing of the B shares have been determined and stated by the Company. All you have to do is to decide which way you grab the money and reinvest.If in tax protected area (Sipp,Isa, PEp)take the dividend, otherwise sell unless large CGT bill likely in 2007/08 in which case delay to later years. HTH Linhur |
Posted at 17/5/2007 02:50 by v01101999 Terms: Return of capital: Kelda Group is to return GBP 750 million to shareholders from the sale ofAquarion to the Macquarie Consortium. The return of capital will be performed via a B share scheme. Shareholders will receive a bonus issue of one B share for every existing ordinary share that they hold on 15 June 2007. Shareholders will then be able to elect between the following options in respect of those B Shares: 1. To receive a single dividend of GBP2.10 per B share for some or all of their B shares. B shares in respect of which a shareholder has chosen to receive this single dividend payment will automatically be converted into deferred shares, which will have negligible value. 2. To accept an offer by JPMorgan Cazenove Limited (JPMorgan Cazenove) to sell some or all of their B shares to JPMorgan Cazenove (acting as principal) for GBP2.10 per B share, free of all dealing expenses and commissions on 25 June 2007 (or such later date as the directors of the Company may decide). 3. To retain some or all of their B shares for a possible future offer by JPMorgan Cazenove (acting as principal) to buy those B shares for GBP2.10 per B share, free of all dealing expenses and commissions. Share Consolidation. A share consolidation will be undertaken in conjunction with the return of cash. Existing ordinary shares will be subdivided and consolidated so that shareholders receive 10 new ordinary shares for every 13 existing ordinary shares held on 15 June 2007. The intention is that, subject to market movements, the share price of one new ordinary share immediately after listing should be approximately equal to the share price of one existing ordinary share immediately beforehand. We will automatically accept option 1 on your behalf. If you would like to accept another option please notify us in writing either by letter or secure message no later than 5pm on the 15 June 2007. Self Trade gave the above three options. Which is better route? I have shares in an ISA account so it would not matter from income/capital gain tax perspective? Thanks in advance. |
Posted at 15/5/2007 17:56 by zeppo Beats me - but I will go for the capital.How will this year's Final Divi on the remaining share be affected? Results presumably within a month. z |
Posted at 15/5/2007 15:12 by wrightey To any of you hot shots out there.The big dividend: which is the best for the ordinary shareholder, Alternative A or Alternative B. I can see that doing nothing gets Alt A but that is taxable as income. Where as Alt B is return of capital and should be untaxable, but I cannot see why we have to go through the proceedure of selling the B share to a third party. Help.. |
Posted at 28/11/2006 14:00 by zeppo Will the consolidated shares actually keep up the same actual dividend that we receive now on existing shares and with inflationary rises?Is this too much to hope for after the cash-back? Can anyone help? z |
Posted at 21/7/2005 15:13 by galleon Hi guys...so, KEL enter the footse on the 26th July. Congrats in order methinks..not least because the institutions and trackers will have to buy in to it whether they wish to or not! Got to be good for the share price ...any views? |
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