||ORD 97 17/19P
||EPS - Basic
||Market Cap (m)
|Gas Water & Utilities
Severn Trent Share Discussion Threads
Showing 876 to 898 of 900 messages
|covered in beaufort's morning report:
"Severn Trent’s performance for the period from 1st April 2016 to 19th July 2016 has been in line with its expectations and previous guidance. The company continued to focus on improving customer service and operational and financial performance. The company is progressing well to deliver targeted efficiency savings in the second year of the AMP6 regulatory period. The completion of the formation of JV (Water Plus) with United Utilities is a positive development. The JV would combine the complementary skills of both companies across sales, customer service, business strategy and credit management to deliver an attractive proposition for large and small business customers across England and Scotland. The company plans to invest for enhancing the customer experience. We are buoyed by Severn Trent’s progress and expect it to continue its growth momentum in the current year."
|Camlor what is the rumour mill suggesting please??|
|Time to short if the rumour mill is right !!|
|Did the Canadians get lost crossing the Atlantic?|
|It is difficult to see how a £22 share offer would be of any interest as this
is virtually the current share price.The article speaks of a 5 billion pound offer when the current share price appears to value svt at around 4.8 billion.
Surely a bid premium of 25% to 30% would be needed to have any chance of succeeding.!|
|Very quiet here, considering the paper comments. Sp ticking back on no news.|
|Canadians back again?
|i cant see liv sweating the assets of a sewage and water company.
she is just too glam for that.|
It looks to me like Liv is sweating the assets, and it is working. As long as they can maintain service levels and deliver the plan no problem. Once the fat is gone then they will have to run faster to stay still. No room for hiccups.|
|pe about 20.
results ok but everything in this market is so expensive.|
|Not Ramping Red.Reply is on the UU thread !|
Are you ramping INFI?
|Can any SVT Shareholder explain invested for a 4% Dividend,when they can get 9% plus by investing in Infinis Energy (INFI)|
|It’s a downgrade for Severn Trent #SVT Podcast> http://bit.ly/ADVFN0118|
|Severn Trent Tesco is featured in today's ADVFN podcast.
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|28 January 2015
Severn Trent Plc - acceptance of final determination for Severn Trent Water and new dividend policy
Severn Trent Plc today announces that Severn Trent Water has accepted the Final Determination for the period 2015-2020 published by Ofwat on 12 December 2014.
This means that our customers will continue to have the lowest combined average bills in the land until at least 2020. Severn Trent Water bills will fall in real terms over the next five years, by which time they will be around £60 below the industry average. Next year average bills will fall to £329, from £333. We are proud that Severn Trent customers have already had six consecutive years of the lowest average combined bills and best value in Britain. We are also making provision to help four times as many customers who struggle to pay their bill over the next five years.
We are committed to our largest five year investment programme ever, totaling £6.2 billion* in real terms, the majority of which will help to support the economy in the Midlands. This includes a capital investment programme of £3.3 billion* to improve service and quality for customers, which will help grow our RCV1 (Regulatory Capital Value) to c. £10 billion by 2020. Although c. £30 million of investment on improving water quality was not included in the Final Determination, we have nevertheless decided to keep it in our plan. We will fund this additional investment using savings achieved by operating our business more efficiently. We are also committed to significantly improving customer service performance through our suite of ODIs (Outcome Delivery Incentives). These include fixing 100% of visible leaks within 24 hours and reducing interruptions to supply by more than 50%.
The next five years will also see a greater focus on reducing flooding, employing innovative solutions to improve river quality such as catchment management and a wide ranging community educational programme to promote water conservation and reduce sewer blockages. We will also undertake one of our largest ever capital investment projects to improve the resilience of water supplies to our one million customers in Birmingham.
The price review has been a challenging process and the Final Determination contains stretching objectives and requires significant improvements in operating efficiencies. However, the Board believes it can meet the required operational and capital expenditure levels whilst delivering on its performance commitments. This belief is based on the process improvements made over the current regulatory period and plans already in place to deliver the efficiencies contained in the business plan for 2015-2020.
In order to deliver our plan and reflecting the lower cost of capital allowed by Ofwat, Severn Trent has reviewed its financing plan and dividend policy.
Going forward, the Company intends to manage its existing debt portfolio and future debt issuance to increase the proportion of debt which is at floating rates. In addition, the Board has decided to move towards a net debt/RCV gearing ratio of around 62.5% which is in line with Ofwat's notional assumption. As part of this move Severn Trent will commence a £100 million share buy back programme.
Severn Trent is also announcing today its dividend policy for the period 2015-2020. The Board has decided to set the 2015/16 dividend at 80.66p, a reduction of 5% compared to the current year total dividend of 84.90p. Our policy will then be to grow the dividend annually at no less than RPI until March 2020. This replaces the current dividend policy of RPI+3% which runs until March 2015.
The Board believes that this financing plan and new dividend policy are commensurate with a sustainable investment grade credit rating.
* 2012/13 prices
1. Nominal, assumes year end 2.0% RPI for 14/15 and an average of 3.3% year end RPI for 2015-2020
Liv Garfield, Chief Executive Severn Trent Plc, said:
"At Severn Trent we always seek to strike the right balance between the service customers receive, the bills they pay, and returns to investors and we believe our plan for the next five years achieves that balance, delivering better services, better value and a healthier environment. The price review has been a challenging process but has led to a great outcome for customers. We were pleased that our business plan achieved a high approval rating of 88% from customers.
We know there is more we need to do to improve our processes and raise our standards, and I'm looking forward to working with the great people in Severn Trent and building on improvements made over the current regulatory period, as we continue to deliver for our customers and communities, shareholders and the environment."|
|Half Yearly Report
● Good first six months: financial results in line with expectations
● Capital investment on track to deliver AMP5 target of £2.6 billion; RCV1 still expected to be £7.8 billion at April 2015
● Good performance for customers:
○ Lowest average combined bills in the land for 2014/15
○ Committed to launching new and enhanced social tariff scheme in April 2015
● Improving performance on many operational metrics - encouraging for new incentive regime starting April 2015
○ Leakage and sewer flooding reduced in first six months of this year
○ More to do in other areas
● Constructive dialogue continues with Ofwat ahead of final determination on 12 December
● Progressing well with plans to deliver the efficiencies required in AMP6
● Investing early: £15 million of AMP6 capex brought forward to second half of this year|
|Have taken a short position. Good company and nice dividend, but just hoping to play the range as can't get above 2000p and always struggles towards the end of the year x|
|Severn Trent announced this morning they are merging their water and sewerage operations and shedding 500 management jobs|
|Very big rise today. WHY??|
● In-line or below inflation bill increases for last four years - Severn Trent remains lowest average combined bill in England and Wales
● Increased investment - £602 million capital expenditure (+8% year on year) - continues to improve services for the benefit of customers
● Customer service, sewer flooding and supply interruptions all improving
○ Improved or stable performance on 10 out of 14 Ofwat KPIs year on year
○ Customer satisfaction (SIM score) improved for 3rd consecutive year
● Continued growth in RCV1,2 from £7,364 million to £7,618 million (+3.4%)
● Group underlying PBIT rose 4.3% year on year
○ Severn Trent Water underlying PBIT rose 4.0%
● Delivering on dividend policy - 6.0% growth year on year to 80.40 pence
● Constructive engagement with Ofwat on 2015-2020 business plan. Revised plan submission 27 June, draft determination expected 29 August, final determination expected 12 December|
|23 May 2014 Severn Trent PLC SVT Goldman Sachs Buy 1,927.00 1,941.00 - 2,122.00|