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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
  -5.00 -0.2% 2,445.00 2,444.00 2,447.00 2,483.00 2,405.00 2,449.00 460,609 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 1,843.5 310.7 66.7 36.7 5,810

Severn Trent Share Discussion Threads

Showing 751 to 773 of 925 messages
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
DateSubjectAuthorDiscuss
12/6/2013
12:42
a rerun of sainsbury attempted takeover a few years ago. the sainsbury family stuck out for well over 600p when 600p would clinch it. they demandad a top up of the pension also. the buyers walked and the share price is still only about 360p today. one in the hand etc. this could fall back to well below 1500p on regulatory concerns if this lot walk away. trouble with these utilities is they it do not attract top managerial talent.
careful
12/6/2013
12:29
If the board think the share price is worth more than £22 a share why wasn't it at that level before the bid and are they going to get it above that level in the coming months?
bracke
12/6/2013
12:10
the potential buyers should walk. a greedy board, tons of debt, and a tougher regulatory settlement looming.
careful
12/6/2013
10:55
Funtime How many £millions did it cost for the leeches of advisers to come up with that conclusion anyway? red
redartbmud
12/6/2013
10:51
Funtime The Board id deluded IMHO. red
redartbmud
12/6/2013
10:42
I think you are being a bit pessimistic Redartbmud. Other offers are bound to come forward, and there are good dividends here in the meantime. This T/O approach has served to put a baseline on where further potential offers must be pitched (IE in excess of consortiums paltry bid)
funtimejonny
12/6/2013
10:30
ie. If we wait for the next 5 - 10 years we might hit £20 again, dependant on the way the wind is blowing.
redartbmud
12/6/2013
09:27
Andrew Duff, the Chairman of Severn Trent, said: "Throughout the course of this process we and our advisers have held talks with, and given careful consideration to every proposal made by the Consortium. We have consistently made clear to the Consortium our belief that Severn Trent has a value to our shareholders above the level it indicated it was willing to pay. This difference in value has been at the heart of this process and the Consortium has either not been able, or willing, to bridge that value gap. We have every confidence in the long-term future and significant value of Severn Trent and look forward to continuing to deliver for all of our shareholders, customers and other stakeholders."
miata
12/6/2013
09:19
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 .
holts
10/6/2013
11:34
Credit Suisse reckon that LongRiver's view that its offer was a 41% premium to SVT's FYmar13 RAB comimg less than two months after comments from the regulator citing transactions at premia of c30% as evidence that it has been too generous, suggests the next OFWAT review may be less benign than many are anticipating, and sees downside risk on fundamentals. http://www.telegraph.co.uk/finance/newsbysector/utilities/10109140/Water-giants-profits-and-tax-morally-questionable-says-Ofwat-boss.html
miata
10/6/2013
09:15
MIATA Agreed on the turkeys comment. red
redartbmud
10/6/2013
09:02
I can (per post 527) turkeys don't vote for Christmas.
miata
10/6/2013
08:59
Trader Thanks. i cannot understand the arrogance of the board. Best of luck with the CGT. red
redartbmud
10/6/2013
08:50
red, its disappointing that the Consortium couldn't raise the level of funding required by the Board to make the offer viable. Its also disappointing that there will probably be a slow drift back down to the 1700's as the market will not value the company as much as the board. Accordingly, I have SOLD my long standing holding and intend to buy back cheaper in due course (probably on 21 June on xd day). Now I am faced with the tax man's paperwork for CGT. If anyone held their shares before the BIFFA demerger in October 2006 (like me), here's how to determine the base cost of the consolidated SVT shares: 12 Oct 2006 Demerger of Biffa Plc - Capital Gains Tax For the purpose of Capital Gains Tax calculations the base cost of the old Severn Trent Plc (?Severn Trent?) shares you held immediately prior to the demerger and share consolidation must be apportioned between your new Severn Trent shares and the Biffa shares received in the following ratio: new Severn Trent shares 78.7%, Biffa shares 21.3%. This is based on: * the dividend ratio of one Biffa share for each old Severn Trent share held; * the consolidation of the Severn Trent shares in the ratio of two new Severn Trent shares for every three old Severn Trent shares held; * a fractional entitlement, by way of cash, for any fraction of a new Severn Trent share as a result of the consolidation; and * the respective market values on 9 October 2006, determined according to normal CGT rules, of 1440.00 pence for new Severn Trent shares and 259.88 pence for Biffa shares. For example if you owned 1,000 old Severn Trent shares immediately before the demerger and share consolidation, with a previous base cost of ?5.00 per share (a total base cost of ?5,000) the base cost for CGT purposes of the 666 new Severn Trent shares held after the demerger and share consolidation would be ?3,935 (less the fractional entitlement payment) and the base cost of the 1,000 Biffa shares you received in the demerger would be ?1,065. For CGT purposes the base cost of the new Severn Trent shares is adjusted to reflect any fractional payments received. Please note that if your Severn Trent shares were acquired in a number of transactions at different prices or if you also own other Biffa shares, the determination of the base cost of the shares you sell will also depend on the CGT matching rules. If you are in any doubt about your taxation position you should obtain professional advice.
tradermichael
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
Chat Pages: 37  36  35  34  33  32  31  30  29  28  27  26  Older
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