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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Severn Trent Plc | SVT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 16.00 | 0.66% | 2,458.00 | 16:29:54 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,451.00 | 2,438.00 | 2,463.00 | 2,458.00 | 2,442.00 |
| Industry Sector |
|---|
| GAS WATER & UTILITIES |
| Top Posts |
|---|
Posted at 29/9/2023 16:34 by bountyhunter £21.50 seems like a decent price. The trouble is that unless you are in the know these things are over in the blink of an eye before most private investors are even aware. |
Posted at 29/9/2023 07:36 by zangdook Any opinions on this placing? On the face of it, raising hundreds of millions to help customers who can't pay their bills, and attempt to reduce pollution by 30% over 5 years, doesn't sound very compelling to a new investor. |
Posted at 19/7/2023 07:57 by wreckingball Hows the debt by the way flump?And what are the payments on servicing that debt. Mass refusal to pay bills for just one quarter and Sh*tty Trent for just about every investor is f+cked. I'm NOT advocating, say, an upcoming nationally visible campaign for customers to delay bill payment for just one quarter as a protest.....but isn't it a dangerous thought, eh? |
Posted at 30/6/2023 13:54 by wreckingball What a revolting person (imo)Secret email from Severn Trent water boss to rivals: stick together to fend off nationalisation Simon English Fri, 30 June 2023, 1:37 pm BST Liv Garfield, CEO of Severn Trent (Dave Benett/Getty Images for Veuve Clicquot) Liv Garfield, the boss of FTSE 100 water giant Severn Trent, is trying to bring a taskforce of utility bosses together with the Labour party in a bid to head off the threat of nationalisation. In an email sent to other utility CEOs which she describes as “sensitive&rdq Her move comes as water companies face the threat of being re-nationalised, decades after they were privatised as one of Margaret Thatcher’s free market reforms. She writes: “Whilst it is clear Labour will not include nationalisation in its next manifesto, they are also not keen on entering into the election race championing the status quo. The leadership thinks there is room for improvement and, politically, there is significant pressure to ‘do something’ about utilities.” She adds: “One idea we believe might be attractive to the Labour leadership is re-purposing utilities and utility networks into a new breed of declared social purpose companies – companies that remain privately owned, who absolutely can (and should) make a profit, but ones that also have a special duty to take a long-term view.” Garfield, one of a handful of female bosses of FTSE 100 companies, warns her colleagues: “The Labour leadership is aware we are soft testing various ideas but have asked us to keep it highly confidential so please don’t forward this email.” Ministers are already discussing plans to seize control of Thames Water in the wake of intense criticism over fears of a financial collapse that saw the abrupt exit this week of CEO Sarah Bentley. Utility bosses are concerned that others could be next. Garfield says that utility sectors such as water, energy and telecoms, should have “clear social purpose” while remaining highly profitable. Bills for all utilities have soared lately. Garfield takes a swipe at former PM Liz Truss in the email: “The UK is entering a period of heavy investment in infrastructure (£650bn over the next 10 years, according to some reports) and the last thing we want to do is push-up (Truss-style) the cost of investment.” On Labour, she says her new taskforce should, “Seek to ensure that any manifesto commitment emphasises the importance of independent economic regulation, something to which investors attach huge weight”. Not all of the CEOs she contacted are supportive of her plans. One said bluntly, “this is not our problem, it is hers”. Severn Trent has been approached for comment. Severn Trent is one of the biggest water companies in the UK, supplying nearly five million homes. It has 7000 staff and a stock market value of £6.5 billion. |
Posted at 20/5/2020 09:14 by bountyhunter Investor TimetableEx-dividend date (Final) 11 June 2020 Dividend record date (Final) 12 June 2020 ----------------- DRIP election date (Final) 26 June 2020 ----------------- AGM 15 July 2020 Q1 Trading Update ----------------- Final dividend payment date 17 July 2020 ----------------- Half year results announcement 2020/21 26 November 2020 ----------------- Ex-dividend date (Interim) 3 December 2020 ----------------- Dividend record date (Interim) 4 December 2020 ----------------- DRIP election date (Interim) 11 December 2020 ----------------- Interim dividend payment date 6 January 2021 ----------------- For more information please visit: hxxps://www.severntr |
Posted at 07/2/2018 07:10 by skinny Severn Trent, a leading UK water and waste water company, today provides its trading update.Financial outlook: The Board continues to expect that the Group will deliver FY17/18 trading performance in line with its expectations and guidance previously disclosed at the HY17/18 results presentation on 23rd November 2017. We also reaffirm that at least £50 million customer ODI(1) outperformance payments are expected to be earned this year. Delivering sustainable performance for all stakeholders: AMP6(2): We are focused on providing benefits to our customers, communities, colleagues and investors, and we have generated sector-leading outperformance payments on key customer ODIs and continue to do well year-to-date. We have positive momentum on Waste, particularly on internal and external sewer flooding, category 3 pollutions and serious pollution incidents. We re-confirm that we will hit the AMP6 outperformance cap(3). On Water, we have had more supply interruptions than normal in the last quarter, but are encouraged by the reduction in water quality complaints, which were down 12% year on year. We confirm that we expect to earn at least £50 million customer ODI(1) outperformance payments across Waste and Water this year. We continue to work hard on improving our SIM(4) scores. We also note that we have one of the sector-leading scores in CCW's(5) independent annual survey on what our customers think. We have delivered material reductions in our cost of finance. Since our HY17/18 results announcement, a £400m fixed-rate sterling bond with a coupon of 6% matured and was refinanced in part with a £250m five-year sterling bond with a coupon of 1.625%. We continue to explore varied sources of finance to help positon us as an upper-quartile performer in AMP7. AMP7(2): Ofwat announced its PR19(6) Final Methodology in December 2017, providing welcome clarity on upcoming plans. We expected a tough review, recently restructuring our wholesale business to improve operational effectiveness and our customers' experience. We are encouraged by the enhanced incentive regime, creating strong outperformance opportunities. We are positioning ourselves for continued success in AMP7. To assist AMP7 planning, we have launched our largest ever customer engagement programme, including a community panel of 10,000 customers, a review of two million customer contacts and analysis of over seven million social media conversations. This helps us understand the core service improvements and wider social and environmental initiatives our customers expect, thereby underpinning future growth in our RCV(7). Corporate social responsibility: We are conscious of Severn Trent's role in society through the impact on our community, the wider environment, and the importance of workplace diversity. Our work in the community delivers benefits through our extensive customer education and employee volunteering programmes. We are keen to play our part in supporting social mobility and we have a highly-rated apprentice programme. We have reported a gender pay gap of 2.4% and, while we have even further to go, we have made strong progress in supporting workplace diversity and gender pay equality. We have a strong record of environmental performance and through our renewable energy business we are on track to generate the equivalent of 50% of our energy needs by 2020. |
Posted at 28/1/2015 07:51 by redartbmud 28 January 2015Severn 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." |
Posted at 13/9/2013 11:51 by miata JP MorganOfwat has issued a statement this morning regarding Thames Water's application for an interim determination of k (IDoK). The main point of interest is that Ofwat is considering using the substantial effect mechanism to claw back the benefits that Thames Water has received from economic circumstances beyond its control (i.e. high inflation and low interest rates). We believe that this is the first time Ofwat has suggested using this power and it could create an unfortunate precedent for investors in the sector. Following Ofwat's presentation earlier this week when it focused on the industry lowering bills for customers, with an 'indicative' WACC of 4.1%, we believe that investor sentiment towards the quoted water companies may suffer short term. Read-across to the listed companies. Ofwat has made it clear that it is only looking at clawing back economic benefits from Thames and not the other water companies. However, there is a risk that this could set an unfortunate precedent and hence change the perceived risk/ reward for investors in the sector. In conjunction with Ofwat's presentation earlier this week focusing on the potential for customers' bills to fall in the next review period and using an indicative WACC of 4.1% (vanilla, real) we would expect investors to reassess the risk reward for the sector ahead of the regulatory review. We continue to prefer PNN of the listed water companies, as it has less exposure to the regulatory review given the growth in its waste business, Viridor. |
Posted at 12/6/2013 09:19 by holts I think the board have made a strategic error by not talking to the consortium , they now must perform to a very high standard to keep the share price up and at least if they had talked they could have perhaps squeezed out more money whilst also being able to point out to investors that they did try but unfortunately nothing came of it . |
Posted at 09/6/2013 22:11 by redartbmud The £5.3 billion bid, valuing Severn at £22 a share, was dismissed by the firm's board within hours of being tabled on Friday.Severn, which supplies 4.2 million customers across the Midlands and parts of Wales, said it failed to recognise the long-term value or future potential of the company. It means the LongRiver consortium must decide whether to put in a new, fourth offer before the expiry of Tuesday's "put up or shut up" deadline or to walk away. The bidders, comprised of Canadian investment group Borealis, the Kuwait Investment Office and Universities Superannuation scheme, previously had a The £5.3 billion bid, valuing Severn at £22 a share, was dismissed by the firm's board within hours of being tabled on Friday. Severn, which supplies 4.2 million customers across the Midlands and parts of Wales, said it failed to recognise the long-term value or future potential of the company. It means the LongRiver consortium must decide whether to put in a new, fourth offer before the expiry of Tuesday's "put up or shut up" deadline or to walk away. The bidders, comprised of Canadian investment group Borealis, the Kuwait Investment Office and Universities Superannuation scheme, previously had a £4.96 billion bid rejected. It is thought that the consortium has grown increasingly concerned at what it perceives as the water company's lack of engagement with it. Rejecting the latest offer on Friday, Severn's chairman Andrew Duff said: "We have held private conversations with LongRiver and made clear that we have no objections to fuller discussions in the event that LongRiver puts forward a proposal which properly reflects the long term value and future potential of Severn Trent." But he added that the board unanimously agreed that the bid was not high enough. It was reported that an increase of around 40p a share would be enough to bring Severn to the table. But LongRiver is thought to be determined that there must be a meeting with the water firm's board before any move can take place. British water companies are prized by investors such as pension funds, sovereign wealth groups and private equity firms for their monopoly over customers and relatively stable earnings, which are tied to inflation. Extracted from the Express & Star newspaper, a publication based in Wolverhampton. |
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