Natwest Share Discussion Threads

[alan@bj] 24/7/2007 16:41

Been out for 6 hours and come back to a 9p fall. What happened????

[bountyhunter] 24/7/2007 00:01

+ 7.52p/shr xd due soon on 15/8

[ialwayswinatmonopoly] 23/7/2007 21:11

NWG has broken up a DB (Double bottom) formation and has therefore predicted a trend target to 326 or higher. The price has gathered support over the last few days and has good support at the 314p level.

I would expect to see circa 330p before end of week.

IHMO

[bountyhunter] 18/7/2007 18:07

NWG always has been easily the best value based on fundamendals whenever I've compared them.

[sllab101] 18/7/2007 12:32

UTILITIES
UBS has cut Kelda, the old Yorkshire Water, from neutral to reduce, saying the stock is now expensive. The broker has also repeated its reduce rating and 685p share-price target on United Utilities as part its UK water sector review. Among the second-liners, UBS has raised Northumbrian Water from neutral to buy.

[sllab101] 17/7/2007 08:22

UBS in a review of the UK water sector upgrades Severn Trent and Northumbrian Water to buy from neutral and downgrades Kelda to reduce from neutral.

[praipus] 16/7/2007 21:05

May I suggest only selling if the board recommends it?

[markie7] 16/7/2007 20:05

may well sell these soon - all looks a bit pumped up to me

[sllab101] 16/7/2007 12:03

UTILITIES
M&A hopes have pumped up prices in the water sector but Collins Stewart reckons it's time they came off the boil. It argues that private-equity bids are unlikely to occur at the current inflated prices. With the exception of Northumbrian, and possibly Pennon (whose water company Viridor is attractive to bidders), it suggests selling

[alan@bj] 11/7/2007 16:30

I'd be happy to see the 340p target price referred to in post 706 in the short term, but I imagine a buyout figure should be well north of that. However, clearly the market doesn't think anything exciting's going to happen soon or it would have been reflected in today's price movements.

[praipus] 11/7/2007 12:54

Holding through Ecofin's ECWC's.

[sllab101] 11/7/2007 10:04

Better post this at PNN aswell. Got a bucket load of them aswell.

[praipus] 11/7/2007 09:58

Foreign private equity....probably middle eastern oil rich or a consortium which includes Ontario Teachers IMHO.

[fhmktg] 11/7/2007 09:34

Telegraph today repeats view that there won't be any independant water companies by end '08.

Any views on what could be a likely take-out share price for Northumbrian?

[bountyhunter] 30/6/2007 22:33

The Canadian teachers have been shopping ;)



(courtesy sllab101)

[sllab101] 21/6/2007 09:12

Deutsche Bank has a buy rating and 340p target price for Northumbrian Water, raising estimates

[praipus] 19/6/2007 16:46

Oh ok. Worth noting: Recent press stated that an Analyst from Merrill Lynch thinks there wont be any listed water companies by the end of 2008. This he said was because the Monopolies and Merger Comission have waved through the Mid Kent South East Water merger! Something Ofwat had stood in the way of in the past.

[optomistic] 19/6/2007 13:48

A hold on NWG Praipus, the other four:
"The broker maintained a 'sell' rating on Kelda, Pennon, Severn Trent and United Utilities."

[praipus] 19/6/2007 11:11

optomistic - last time I saw a sell note on a water company was for East Surrey and Guy Hands turned up the following day!

He bought it and sold it for £60 million more a week later! It had a PE ratio of 75!

[optomistic] 18/6/2007 22:46

sllab, a book full of trades there! well done.
Must take some 'logging' down :-)

[sllab101] 18/6/2007 22:32

opt.Thanks for post,as you say surprising how little interest there has been on this thread.But I follow all the water stocks and they are great trading stocks NWG 309 , PNN 207 , KEL 70 times.I don't mind if there are not that many on this board.When there is I am off.

atb.

[optomistic] 18/6/2007 22:20

Surprising how little interest there has been on this thread this last week.
Nice pull back gave a good oportunity for a intra account trade or for the SB'rs some nice points.
Perhaps this broker comment will hold NWG and the rest back a little but in the long term NWG is well placed. IMO:

STOCKWATCH UK water sector regulatory asset value cut at Collins Stewart
AFXU

LONDON (Thomson Financial) - The UK water sector was in focus after Collins Stewart downgraded its RAV, or regulatory asset value multiple, saying no value could be added to UK water companies through leveraged buyouts by private equity funds.

It said a portion of bid premium had been shaken out of the sector, although Pennon and Kelda, where there has been substantial bid speculation, stood at around 122 times the RAV multiple.

It said United Utilities stood at an estimated 121 times the RAV multiple, with Severn Trent at 115 times and Northumbrian at 109 times.

Collins Stewart said that with two potentially bearish regulatory documents in the pipeline -- Ofwat's methodology document, and the Competition Commission's report -- it was downgrading the sector to an average 103 times RAV multiple. Collins Stewart added that most stocks are now trading at 25-30 pct above its new RAV value for the sector, with Northumbrian standing out at only 9 pct above its new RAV value.

The broker maintained a 'sell' rating on Kelda, Pennon, Severn Trent and United Utilities and a 'hold' rating for Northumbrian.

[ashtongray] 08/6/2007 22:51

I expect you would get some guff about the Mission Statement and "keeping all the stakeholders happy" i.e. employees, customers and er... shareholders.

In reality this may be about establishing a suitably caring fluffy image ahead of discussions with the regulator re the next 5 year pricing regime? No doubt that is being unduly cynical...

[gateside] 08/6/2007 19:05

AGM on July 27th

It would be good if someone attending the AGM, could ask why they are NOT implementing the full price increase allowed for in the regulators guidelines.