Kelda Share Discussion Threads

[capitalist14] 23/11/2001 16:36

Barclays buys 1.65 pct taking total stake to 10.35 pct Kelda Group 365-1/2 up 5-1/2

[capitalist14] 23/11/2001 16:34

IF AT first you don't succeed, try again. Buyers turned up the temperature at Kelda amid hot gossip that the water company is putting the finishing touches to new restructuring proposals, which should be announced with interim figures on 5 December. The shares surged to 368p before closing 6p better at 360p.

Last year Kelda was forced to shelve innovative proposals to create a mutual company to buy its Yorkshire Water subsidiary at a price close to its asset value of £2.4bn. It would have involved a potential £1bn payback for shareholders of about 275p a share. But OFWAT regulator Sir Ian Byatt's swansong was to block the proposals on the basis that they failed to benefit customers sufficiently.

A lot of water has flowed under the bridge since then. Phillip Fletcher, the new regulator, has approved the acquisition of Welsh Water by Glas Cymru, a vehicle funded solely by bondholders. That has renewed hopes that Kelda will succeed this time.

Analysts believe a restructuring of its regulated water and sewerage business could result in a release of equity capital of up to £1.4bn, and potential for a special dividend of up to 360p a share.

From

[optmist] 23/11/2001 16:09

What impact on share price if we do get divi for 360p

[zzaxx99] 23/11/2001 11:40

Forget it - found it myself - AWG's interims are out next Wednesday.

[ashtongray] 23/11/2001 11:39

I have provisional date for AWG int 5/12, but they haven't officially said yet. Most of the water cos report the same week so far as I can tell, apart from SVT which I think is next week. Hope that helps.

[zzaxx99] 23/11/2001 11:25

According to Sharescope, AWG's interims were due yesterday - any idea when they're actually going to be announced?

[ashtongray] 23/11/2001 10:36

Make it 4. Also, don't forget that AWG have promised interesting new proposals with their interims also.

[mdg11] 23/11/2001 10:07

Make that three if you can buy shares at 370 and collect a 360p dividend

[capitalist14] 23/11/2001 08:39

Water company Kelda Group rose 6p to 360p amid gossip that it is putting the finishing touches to new restructuring proposals, which should be announced with interim figures on December 5, The Daily Mail reported. The paper said analysts believe a restructuring of its regulated water and sewerage business could result in a release of equity capital of up to £1.4b, and potential for a special dividend of up to 360p per share.

[ruth] 21/6/2001 00:31

Im new to charting,and only using simple indicators at the moment,however Kelda does to me appear to be a shorting opportunity,could one of the more experienced chartist please take a quick look and give me their opinion,also does it have more potential downside than upside due to the regulators being very strict on what they can charge the consumer,ie if they make too much profit make them reduce the price to customer,all replies greatly appreciated,

[goatbreath] 23/3/2001 10:52

Exactly the type of stock you need to be in in these troubled times.

[cosmos35] 01/2/2001 16:54

Not for the day trader, but a good solid water stock (contradiction in terms?) which will give you a happy yield return whilst you await the inevitable growth. Not a bad stock for an ISA on that basis?