Dee Valley Grp Share Discussion Threads

[zeppo] 19/6/2011 20:52

Does this correction add value to the company and facilitate good divi rises?

It would have been bitterly disappointing to have the error leaving us significantly worse off.

Doesn't boost confidence in this seemingly safe investment though.

Perhaps a takeover/merger could strip out the seemimgly inefficient admin.


z

[topvest] 18/6/2011 07:21

Yes. very poor to get this wrong - fairly basic error.

[jzd] 17/6/2011 18:23

Looks like the auditors have earned their fee; for a change

[jeffian] 17/6/2011 14:21

Rather an extraordinary 'correction' to the accounts posted on RNS today. The result is a near-40% increase in reported EPS! Their explanation that this resulted from tax changes effected 29/3/11 seems odd in the context of results reported on 2nd June. Red faces all round in the accounts department, I imagine.

[beardmore] 02/6/2011 11:44

Agreed, Zeppo, I've stuck with UU. through thick and thin (mostly thin) and am now waiting for a better share price to be achieved before moving my untold wealth into a more deserving water company.

[zeppo] 02/6/2011 10:48

If they are cooperating well with the regulator and are confident of the continuing cash generation then the divi should continue with annual inflation rises.

They have certainly given me better income over the past five years than my UU. which was shot to pieces after they re-structured. To me the cash back in no way compensated for the loss of income.


z

[praipus] 02/6/2011 10:32

Good point.

[jeffian] 02/6/2011 10:00

I have to admit I'm struggling to understand the rationale here. Static revenues, falling margins, high PER and a barely covered divi; what on earth is keeping it up other than vague takeover hopes? Or am I missing something?

[ganthorpe] 26/5/2011 18:27

The rule is a bit of nonsense in a firmly regulated sector.
Where else in Europe would there be such a daft rule - more likely one banning foreign buyers.
Dee Valley would be a small addition to one of the big boys with sevings from duplication of admin etc.
GAN

[jeffian] 26/5/2011 10:10

Possibly a reaction to yesterday's piece in the Times saying that water company execs were pressuring Ofwat to allow mergers and acquisitions within UK water industry. Presently only foreign companies allowed to bid but if 'rationalisation' is allowed within the industry, could be a flurry of M&A activity. Bring it on, I say!

[ganthorpe] 26/5/2011 09:50

The index linked borrowings aren't going to do the results any good.
I think there's more to the price rise than that.
GAN

[zeppo] 22/5/2011 11:25

Preliminary Results 2nd June.

z

[jeffian] 19/5/2011 18:58

New high. Is it because of stable income or is there more to it? Hardly a growth stock!

[jeffian] 28/4/2011 10:51

Well there may not be much to discuss but as long as the share price keeps this up, I don't care!

[zeppo] 25/4/2011 16:25

Beardmore

Thank you for your reply.

I agree with Praipus that comments on utility related are appropriate.

It also keeps this site refreshed.

Without a bid there is little to discuss between Finals and Interims.

z

[beardmore] 25/4/2011 11:52

Thanks Praipus. Managed it - the 'a' and the 'i' correctly positioned!

[praipus] 25/4/2011 10:02

Beardmore off-topic utility related investment rambling is very welcome IMHO. Thanks.

[beardmore] 24/4/2011 19:51

Zeppo
I'll be brief because it's off-topic, but I'm troubled by the exposure to the US particularly, as a BP shareholder, having suffered Obama's panhandling of BP. NG suffered knock-backs last year and how much of that was rooted in American antipathy? The US is not a healthy place for British companies - they have to cope with narrow American nationalism and a ready, chippy anti-Britishness.
BUT I still hold NG. - I'd like to exit at £7.00.
Apologies to all for my off-topic rambling!!

[zeppo] 24/4/2011 18:53

Beardmore

What is wrong with National Grid?

Was it less competitive at the time that Kelda was taken out?

I bought NG. about two years ago(ish) as they were promising 8% divi increases for a couple of years.

I caught the rights issue, as you must have.

I believe they have some vulnerability in thye USA but the divi is still excellent.

What are your concerns with it?

z

[beardmore] 24/4/2011 08:17

Zeppo
I felt much the same way when KELDA disappeared and ended up going "overweight" on National Grid - not a very bright choice!

[jeffian] 24/4/2011 00:30

Let's worry about that when it happens. Please, someone, take teh b*gger...!

[zeppo] 23/4/2011 21:15

Beardmore

The numbers being traded are still very small.

Time/Date Price Volume Trade value Type
11:38:50 21-Apr-11 1,170.00 16 187.20 O
10:34:53 21-Apr-11 1,150.00 370 4,255.00 O
10:34:16 21-Apr-11 1,161.25 3 34.84 O
13:38:34 20-Apr-11 1,140.00 290 3,306.00 O
10:47:52 20-Apr-11 1,125.00 335 3,768.75 O

The yeild shown in 'Financials' above is still very good. An increase in divi pretty well guaranteed with the full year figures.

If it is taken out where do we go next for our safe income?

z

[beardmore] 21/4/2011 12:03

I wonder who's buying? Could it be a takeover in the making?

[win2003] 21/4/2011 11:45

and right on cue (see my chart above)

[jeffian] 21/4/2011 11:43

Bloody hell! It's moved!