Natwest Share Discussion Threads

[gateside] 11/4/2007 08:15

Nice rise.

Takeover rumours?

[sllab101] 03/4/2007 10:24

Utilities help FTSE generate gains
By Michael Hunter

Published: April 3 2007 08:46 | Last updated: April 3 2007 08:46

London's equities market was lit up by bid speculation in the utilities sector on Tuesday, after the demise Eon's bid for Endessa led to investors to identify other potential suitors for the German generator.

The FTSE 100 started the session 0.5 per cent higher, a rise of 30 points. A bullish showing for mid-cap Support services companies helped the FTSE 250 to a rise of 0.3 per cent taking it to 11,799.7, up 29 points.

Scottish & Southern Energy topped the blue-chip leaderboard with a 2.6 per cent advance to £15.97 as traders identified it as the most likely company to attract the attention of Eon's acquisitive board. British Energy rose 1 per cent to 486p and International Power was 1.6 per cent higher at 406½p. Scottish Power rose 0.7 per cent to 815p.

Water utilities, also linked as potential targets, made smaller gains. Severn Trent was 0.5 per cent higher at £14.53, aided by an upbeat trading statement underlining its existing growth targets ahead of its interim results. United Utilities was 0.5 per cent higher at 758½p and Northumbrian Water was 0.4 per cent stronger at 314p.

Forecast-beating annual profits from Resolution, the specialist life insurer, sent its shares 1.7 per cent higher to 636p

Mining stocks lent their support to the rally in line with strong metals prices on commodities exchanges. Kazakhmys was 2.3 per cent higher at £11.81 and Xstrata rose 1.7 per cent to £26.42.

Shares in British Telecom stayed strong, up 0.7 per cent to 312 on improved investor sentiment toward European telecoms on dealmaking expectations after Pirelli entered talks to sell its stake in Telecom Italia.




Copyright The Financial Times Limited 2007

[markie7] 03/4/2007 10:10

looking lively this morning.

[sllab101] 03/4/2007 10:00

fhmktg
No.But I think all the sector will gain from any UT upgrades.
as for NWG I am holding 70000 cfds so any news I find I will post.

[fhmktg] 03/4/2007 09:51

Any mention of NWG in the HSBC quotes, sllab?

[sllab101] 02/4/2007 18:28

HSBC said it believes 2007-08 is a pivotal year for the UK water sector, with Kelda, Pennon and Severn Trent all having delivered more efficient balance sheet structures.

[sllab101] 02/4/2007 18:15

Thank yoo Darias.

[zeppo] 02/4/2007 17:18

Thanks Darias!

z

[darias] 02/4/2007 13:20

Tipped in The Observer yesterday.

[alan@bj] 27/3/2007 10:11

jzd - I picked it up from maiseymouse's link, which says:- "Deutsche Bank has upgraded to buy from hold and raise its price target to 340p from 285p. Broker says: 'Following last week's analyst trip to Northumbrian Water, we have revised our valuation of Kielder Water.
We now think the secure contract is worth significantly more than we previously thought. This, combined with latest forecasts for RAB and net debt, drives a revised price target."

[jzd] 26/3/2007 11:43

Alan
Can you post a link to the Deutsche note?

[alan@bj] 26/3/2007 10:13

Thanks maiseymouse, nice upgrade by Deutsche, 340p target.

[gateside] 26/3/2007 07:38

Kielder Water is the largest reservoir in the UK by capacity, and is located in Northumberland and owned by Northumbria Water

[maiseymouse] 26/3/2007 07:24

there is an upgrade....but what is kielder

[zeppo] 15/3/2007 09:41

Gateside

Thank you for the info.

z

[gateside] 14/3/2007 19:44

Evolution Securities rated NWG as an ADD today with a 317p target

[zeppo] 14/3/2007 17:16

Red at the end of the day - but pretty resilient.

z

[zeppo] 14/3/2007 15:12

A tiny glimmer of green on my screen. All red elsewhere.

Water companies are looking more resilient this afternoon.

Any rumours out there?

z

[ivancampo] 06/3/2007 20:51

Have to agree, should never be without,a chance to buy more - deffo.

[blueliner] 06/3/2007 19:55

Ww, Why bother, these stocks should be the core of your portfolio.

[whatwoman] 28/2/2007 10:02

Just by sheer good luck I have unloaded my entire position before this little sell off. Am now accumulating slowly from the 290 level.
Feeling very nervous though.
Have done the same with BG, and Scottish and Southern.

[fhmktg] 27/2/2007 10:19

All quiet on NWG - no rumours, no news...nothing to look forward to until the results in June?

[sllab101] 16/2/2007 11:33

alan
thanks for that nice to see any press on this stock.
regards
nic

[alan@bj] 16/2/2007 10:01

Decent article about water companies in today's Investors Chronicle. NWG and Pennon are their pick of the sector, Pennon because it has "the fastest growing asset base" and NWG because the "premium to its asset base is among the lowest of all the water companies".

[sllab101] 14/2/2007 18:44

Lehman Brothers is overweight on Electricitie de France, Enel, Fortum, Northumbrian Water, Pennon and Vodafone. It is equal weight on Depfa, Iberdrola, MOL, Northern Foods and Severn Trent, and underweight on Centrica, Kelda, Qiagen, TeliaSonera, United Utilities and Union Fenosa.