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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
  46.00 1.97% 2,384.00 2,384.00 2,385.00 2,394.00 2,335.00 2,374.00 139,066 11:06:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 1,943.3 274.1 -35.2 - 5,979

Severn Trent Share Discussion Threads

Showing 726 to 749 of 950 messages
Chat Pages: 38  37  36  35  34  33  32  31  30  29  28  27  Older
DateSubjectAuthorDiscuss
10/6/2013
08:41
Nobody jumping up & down then. I must be the only SVT shareholder around, or the one still alive I supppose. red
redartbmud
09/6/2013
22:14
Share price headed south tomorrow?
redartbmud
09/6/2013
22:11
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.
redartbmud
07/6/2013
18:50
What are they paying above the price at the beginning of the year , a few years divis, might as well keep the shares, only fly maybe is ofwat .
holts
07/6/2013
18:11
I think BOD should reject this offer. There is a proposal from OFWAT which I believe is still a consultation and not regulation that water should be able to travel around the country in order that water companies could compete for commercial business in their non geographical area. As SVT is centrally based in England and they have the ability to move water from north to south, they should benefit from their geographical position and be able to charge other organisations for the costs of moving water around and a possible royalty for use of their pipes and waterways similar to movements in other liquids in other industries. I do think this possibility has been factored into the bid price. Linhur
linhur
07/6/2013
16:01
Not. Clearly insufficient. Just possible we might get another offer on Monday but I'm not holding my breath.
miata
07/6/2013
15:34
Is this thread dead? Joy or not at latest offer? red
redartbmud
04/6/2013
17:48
You're being a bit harsh. I've been in this position (OK - a bit smaller!) and there are pretty strict takeover rules for FTSE companies. The Directors can't just act on a whim, or personal opinion; they have to be advised by Nomads and Merchant Bankers regarding the value of the approach and whether it should be recommended or rejected. Rothschild (financial adviser to Severn Trent) Crispin Wright +44 (0) 20 7280 5000 Citi (financial adviser to Severn Trent) Simon Lindsay +44 (0) 20 7986 4000 Barclays (financial adviser and corporate broker to Severn Trent) Alisdair Gayne +44 (0) 20 7623 2323 Morgan Stanley (financial adviser and corporate broker to Severn Trent)
jeffian
04/6/2013
17:38
Emm. That is always a condideration and a potential problem. Guys hanging on to very highly paid jobs. Chances are that if they were in there sixties and had plenty of options, they would sell out at the drop of a hat.
funtimejonny
04/6/2013
15:25
That is what I am expecting as well. Perhaps around the £23 mark? Have been topping up a bit.
funtimejonny
04/6/2013
15:07
My grasp is that someone else will bid sooner or later.
miata
04/6/2013
15:04
She has indeed. Institutional Investors still showing interest here though. Mind you, I am always struggling to understand their positions in these type of scenarios, With buys/ sells / shorts / longs / cfds all showing up, it tends to baffle me a little bit. More sophisticated types may be able to grasp this better tham I.
funtimejonny
04/6/2013
14:47
She has only a week to produce another song.
miata
04/6/2013
14:42
It's never over until the fat lady sings!
funtimejonny
04/6/2013
14:19
Looks like this deal is dead.
redartbmud
03/6/2013
13:26
Presumably they are not interested in paying down the debt while it is a cheaper source of capital than raising additional equity funding.
miata
03/6/2013
13:18
Miata, yes i fully understand what you are saying, but the debt keeps growing as does the interest to pay on the debt, why are they not interested in paying dowwn the debt, it looks like a ponzi scheme to me.
mroalan
03/6/2013
12:04
It seems like the dividend is getting in the way of the valuation/bid. 2079.5p is the offer.
tradermichael
03/6/2013
10:55
The revised offer certainly fell short of expectations.
funtimejonny
03/6/2013
09:52
will they walk now
alchemy30
02/6/2013
21:16
MIATA I fully understand what you say about debt, but I am if the opinion that you cannot increase it indefinately. At present utility companies are able to borrow at relatively low rates. They have a job to do, which is to improve the quality of their business. However, customers are reluctant to continue with ever increasing bills. Interest rates will start tpo rise eventually. Excessive debt levels will impact on credit ratings. Regulatory bodies can contro;l earnings potential. We have seen many bubbles burst in the past.
redartbmud
02/6/2013
20:12
You would not be bankrupt just because your debts were more than your worth, only if you had no means of earning enough to ultimately repay your debts. SVT has a guaranteed inflation-linked earnings stream.
miata
02/6/2013
19:57
yes thats allways concerned me, if debt is more than the company is worth,how does that work?if i operated that way i,d be bankrupt, but its not a one off for svt,it appears quite common.
mroalan
02/6/2013
13:40
Canadian bidders buoyed by Severn Trent's rising debt | This is Money www.thisismoney.co.uk/.../Canadian-bidders-buoyed-Severn-Trents-rising-... So debt is meaningless when you have massive cash flow from 'captive' customers? -------- Now waiting to see why DVW's figures are later than the others. z
zeppo
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