Kelda Share Discussion Threads

[wrightey] 05/6/2007 17:09

Results on Thursday and I expect to see an increase in profits, however if it will do anything to share price I have no idea.

[wrightey] 31/5/2007 16:05

Zeppo,
think we have a good quality stock here that earns good money and is going to give a good pay back to shareholder. When on a good thing go with the flow.
W..

[zeppo] 31/5/2007 15:52

Currently up 36p 3.6%.

Any news/rumours out there?

z

[linhur] 23/5/2007 18:42

Wrighty

The 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

[zeppo] 23/5/2007 14:15

More than 30p up currently.

Are there any definite reports out there - or is it vague bid/merger rumour?

z

[zeppo] 21/5/2007 12:37

Wrighty

I am not sure but think that you should gain.

I have asked to take the £2.1 per share, as a capital return, a.s.a.p.

I am already running a small overdraft against it.

z

[wrightey] 20/5/2007 15:36

Does anyone have an idea what would be the outcome of accepting the B shares and then awaiting to see if the rumoured take-over goes through. I have not thought this through because its only just crossed my mind, and I am hoping that some other shareholder has had the same thought and taken it further.
Still not sure if I should take easy option and do nothing.

[zeppo] 19/5/2007 19:13

'.....this week. BHP added 18p at 11.98 and Rio Tinto was up 10p...a state-by-state basis. Kelda was another speculative feature...managers. The broker said once Kelda completes a 210p per share capital return next month, an 11 offer looked credible. Among...'

19 May 2007 The Times

____________

Just found it online.

z

[zeppo] 19/5/2007 18:26

Lots of paper confirm the Merrill Lynch story, one(possibly the Times or the Independent, I glanced at them and the Telegraph in the local library) suggests that after the cash back when the shares are consolidated 769 for every 1000, then a buyout might be at £11.00-ish per new share, giving a further premium.

z

[aldi1] 18/5/2007 23:01

don't know but the breakout could be a significant one.if the chart holds then i will start buying the uptrend and see what happens....

[zeppo] 18/5/2007 17:15

I believe Merrill Lynch have rated Kelda as a buy - prompting today's rise.

Can anyone confirm this?

z

[v01101999] 17/5/2007 02:50

Terms: Return of capital: Kelda Group is to return GBP 750 million to shareholders from the sale of
Aquarion 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.

[zeppo] 15/5/2007 17:56

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

[wrightey] 15/5/2007 15:12

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..

[mzj71852] 14/5/2007 16:57

not sure what is pushing this, just a defensive day?

[zeppo] 14/5/2007 16:25

Good rise today.

Any reason?

z

[zeppo] 01/5/2007 10:01

Company announcement today re cash-back progress.

z

[apparition1] 27/4/2007 09:23

ruby2 - yes since the exact timing of the consolidation will not be announced until early May. But why would you want to buy just for the cash back? They are only going to reduce the amount of shares you hold by the value of the cash back. By all means buy if you think the price is going up but not just for a zero sum game!

[ruby2] 27/4/2007 09:03

If i buy now do i qualify for the cash back?

[zeppo] 28/3/2007 18:36

Still very firm ahead of the £2.10 per share cash-back, hopefully to be paid in the second quarter.

z

[zeppo] 09/3/2007 10:53

Merrill Lynch has now has a buy for Kelda with a target of 950p, and Severn Trent target £1480. The broker reckons there will be one more takeover in the water industry.

z

[praipus] 06/2/2007 13:42

No but 3i are raising a £1.5bn infrastructure fund! So all that cash is going to be looking for cash generating assets. with monopolistic features. So I would buy all the utilities you can before they do IMHO.

[zeppo] 06/2/2007 12:50

Healthy rise today.

Is there any market news on Kelda?


z

[praipus] 01/2/2007 12:54

Got this from the NWG thread, posted by sllab101.

Have also posted on the ECWC thread.

[zeppo] 31/1/2007 12:52

Rumours of management buyout or take-over interest.

Page 513 Channel 4 teletext

Is the company worth any more than £9.50 ?

z