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Share Name Share Symbol Market Type Share ISIN Share Description
Severn Trent Plc LSE:SVT London Ordinary Share GB00B1FH8J72 ORD 97 17/19P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  48.00 2.05% 2,386.00 2,385.00 2,387.00 2,394.00 2,335.00 2,374.00 133,649 10:45:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 1,943.3 274.1 -35.2 - 5,984

Severn Trent Share Discussion Threads

Showing 676 to 699 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
this won't happen.....whens the last time we trusted the Arabs with our drinking water?!!
Statement re Press Speculation NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION 14 May 2013 Severn Trent Plc ("Severn Trent") Confirmation of approach The Board of Severn Trent notes the recent press speculation concerning the possibility of an offer being made for the whole of the issued share capital of Severn Trent. The Board of Severn Trent announces that it has received an approach with a view to making a proposal from a consortium made up of Borealis Infrastructure Management Inc., the Kuwait Investment Office and Universities Superannuation Scheme Limited (together, the "Consortium"). This may or may not lead to an offer being made for Severn Trent. This approach is at a very early stage, no proposal has been made and there can be no certainty that an offer will be made or as to the terms of any such offer, should one be forthcoming. In accordance with Rule 2.6(a) of the Code, the Consortium is required, by not later than 5.00 p.m. on 11 June 2013, to either announce a firm intention to make an offer for Severn Trent in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. A copy of this announcement will be available at www.Severn The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
HSBC: The Ofwat chairman's concerns on highly leveraged company structures may dampen M&A enthusiasm. We believe Ofwat is no longer structure-neutral so we believe prospective acquirers of UK water companies would be better to wait until further regulatory clarification is made on this point. We believe it is too far into the regulatory review to expect M&A activity in the short term. Another dampening factor for the water companies is the prospect of them missing regulatory targets. HSBC said heavy rainfall had led to an increase in pollution incidents which could be taken into account when Ofwat considers any penalties for the companies. HSBC said: We note that Severn Trent is still not meeting Ofwat's requirements for unplanned interruptions and serviceability of water infrastructure and is not meeting Ofwat's standards on eight metrics; United Utilities is failing on sewerage infrastructure serviceability; and South West Water (Pennon) is failing significantly on discharge permit compliance (satisfactory disposal of waste water) and pollution incidents. The bank kept its overweight rating on Pennon, down 4.5p to 681p, but cut its target price to 775p from 780p. It downgraded Severn Trent, 5p lower at £18.16, from neutral to underweight following a strong performance, and raised its target price on United Utilities, up 5p to 745.5p, from 775p to 795p with a neutral rating.
cyfran Good find. Very interesting article. Thanks red
Severn Trent have only seen the tip of the iceberg regarding the possibilities of making money from human waste derived methane. Big possibilities here.
Money moving from bonds into equities, some will come here.
any ideas on which way now?
Going XD on Wednesday.
Profit before interest and tax fell 2.6% in the first half, reflecting planned increased investment in networks and customers service in its water division. 27 Nov Severn Trent PLC SVT Barclays Capital Equal weight 1,550.50 1,556.00 1,695.00 1,640.00
Water bills set to soar: Suppliers claim new industry rules will push up prices Bills will rise by £33 each year until 2045 with average bill £1,000 higher Regulator pushing through changes to way companies charge for supplies The predicted increase means bills will rise by £33 each year until 2045 – so the average bill will be £1,000 higher. At the moment, the regulator sets a maximum price ceiling for water bills overall. Under the changes, it would set a separate limit for each element of the bill, such as sewage, running call centres and maintaining pipes. Critics say this will make the regime much more complicated, making it harder for banks to predict their revenue streams – thus increasing the interest they charge. This will be passed on to consumers in the form of higher bills. Severn Trent said it was worried by the 'lack of clarity' of the planned new regime, while South West Water lambasted the plans as 'not in the long term interests of customers'. Industry body Water UK said: 'Companies have considered these proposals carefully. 'The majority of companies have been unable to accept Ofwat's proposals in their current form due to widespread concern within the industry about their potential impact on investor confidence.'
Utilities stocks reacted to Tuesday's Ofwat statement in which it clarified some licence modification proposals following requests for more information from shareholders. The general consensus is that water suppliers do not agree with the proposals from the regulator, which said that it wanted to set segmental price controls. United Utilities and Severn Trent both released statements today, calling for "modifications" to the current proposals. "In response to Ofwat's clarification note published earlier this week, the company has made constructive suggestions to overcome concerns regarding the prospect of losing 40 per cent of revenue from wholesale price controls and lack of clarity about how future prices would be controlled." Interim results next week.
More of the same old joined up thinking by government, regulators etc etc then. Do they not communicate with each other at all before issuing policy statements or inferences?
Ofwat clarified proposed changes to water companies' licences. "The softening of Ofwat's stance on a Competition Commission referral reduces the near-term risk of negative newsflow," said analysts at JPMorgan Chase & Co.
Date Broker name New Price Old price target New price target Broker change 08-Nov-12 Nomura Neutral 1,529.00p 1,645.00p 1,550.00p Reiteration 31-Oct-12 Bank of America Neutral 1,606.00p 1,760.00p 1,540.00p DownGrade 03-Oct-12 JP Morgan Cazenove Neutral 1,665.00p 1,640.00p 1,610.00p Reiteration 11-Sep-12 Goldman Sachs Neutral 1,685.00p 1,755.00p 1,896.00p Upgrade 18-Jul-12 Investec Securities Hold 1,719.00p 1,664.00p 1,627.00p Reiteration
Water stocks leaked after Deutsche Bank said the sector looked fairly valued after three years of strength and voiced concern that regulatory risks were rising.
MIATA Here what you say. The banks are slowly putting their house in order. I suspect however that they will be drip feeding more provisions for current bad debts into their balance sheets for years to come. But, one cannot deny that they are making progress and at the same time having regulations thrown at them. Margins cannot be as good as a few years ago with interest rates so low, but they have been able to borrow large sums from the BofE at next to nothing. They must make a good turn on that, whilst limiting the amounts that they are lending. I believe that many savers have committed more funds than they would normally do to high yield equities and fixed income investments to chase better rates. Should they be penalised for doing so? It is a double whammy. We all know that the government is expecting savers to bale them out with inflation greater than current interest returns, but to cynically wipe out capital on top by throw away statements in parliament, given by people incapable of running a school tuck shop, is taking the biscuit. red
So badly? The real question is why the shareprice of a regulated utility had risen by 20% this year ?
Bank of America should stay over the pond and keep their snouts in their own murky busuness! That aside, I thought that this government would support business and investors. If they want state run utilities and banks, why don't they nationalize them? They run the risk of investors walking away if they treat them so badly - surely Ms Spellman issued what could be deemed price sensitive information without giving it to the market first, so that it was available to all at the same time.
Come on down. I want some more.
Bank of America has lowered its target price for Severn Trent to 1540p from 1760p. 31-Oct-12 Bank of America Neutral 1,606.00p 1,760.00p 1,540.00p DownGrade
Severn Trent: Goldman Sachs upgrades to neutral, target lifted from 1,755p to 1,896p. 11 Sep Severn Trent PLC SVT Goldman Sachs Neutral 1,686.00 1,690.00 1,755.00 1,896.00 Upgrades
i was in here at 950 out at 1550, too early. but it went to below 1000 at the time of the last regulatory review. goldman had them as a 'conviction sell' at that time. svt are due for review in about 2 years and he same fears will emerge. will the regulator offer them the same return on assets as before? i doubt it. the trick with these regulated utilities is to jump in and out after making the right guess as to the regulators settlement.
I'm still out, would like to get back in but September is usually a bad month for the markets so still waiting.
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
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