Well wasn't much resistance after all.
Half year results out today show a net loss, allowing for debt interest cost rises, but not sure how relevant to the share price, which has become mainly about regulation and renationalisation risks. |
But not today. Would expect a bit of a resistance to that big integer. |
Getting closer! |
Dare I say it but returning to a four figure share price tomorrow? |
A bit better today.......so far. |
Headline re water companies having to return money to customers.
However...........some companies will also be allowed to charge more because they have met targets. The biggest beneficiary will be Severn Trent Water, which can recoup an extra £63m from customer bills, while United Utilities will be able to charge an extra £24m. |
Still on the slide. :(
Half year results end of November. |
Another profit warning to me. |
They will need to demonstrate clearly that there is a plan to rectify these issues. |
The sewage issues and water shortages have been resurfacing a lot in the News recently, along with criticism of the Directors pay and bonuses. Ultimately the effective monopoly supply does not really fit with a free market , but we are where we are.
The biggest Q is who will pay for the required infrastructure changes, in terms of sewage management, reservoirs and leaking pipes. Big numbers, much bigger than the water companies can afford, even if they stopped paying dividends and stopped paying their directors, unless the water bills go up .So I suspect it will be a can that gets kicked down the road again. |
Here are the latest UU Levels
31st July 2022 Actual stock Change since last week Average year Last year
Regional Total 58.9% -2.1% 76.6% 68.4%
Carlisle 63.1% -0.9% 83.2% 57.9%
West Cumbria 98.5% 4.8% 94.3% 61.2%
Haweswater & Thirlmere 62.6% -2.3% 64.5% 52.1%
Pennine Sources 48.9% -1.9% 73.6% 70.3%
Dee & Vyrnwy Reservoirs 60.4% -2.6% 85.1% 77.8%
So last yr was bad but this one worse. No surprise.
Effect on profits is less predictable. More costs from moving water, less water to sell , but the higher temps mean more useage.
More pressure on the companies to invest in more infrastructure.
But my bigger long term worry is the increasing likelihood of a Labour Government. Next GE by Jan25 .Sell before then? |
Not so worried about the company paying, just that the brokers have messed up. But it's now showing in my HL and Halifax accounts, so seems to have worked it's way through the system |
Of all the things to worry about in the stock market, whether a FTSE100 dividend is a day or two late into my account is not one! |
The dividend has just appeared in the corporate actions with Barclays Smart Investor, so a payment work in progress, maybe it will land this afternoon..
It prints once the funds are received and reconciled against what they should receive, only then does it go out for distribution, if there is a problem with received amounts vs what they should receive it all gets sent back to the issuer and has to come in a 2nd time for reconciling..
(edit) now received.. :o) |
Ever hopeful! will be there shortly no doubt. |
I was just about to ask the same, my Hardgreaves and Halifax aren't showing it yet |
Anyone had their dividend yet? |
Not sure I follow the logic of selling off the renewable energy subdivision. Surely that is a significant growth area and also a bit of a hedge against possible renationalisation of the water companies.
I guess if the price was high then maybe that makes it a sound call, or maybe I misunderstand the intended direction of travel. |
Xd 29p today |
I think it will come Geardown.
Many off this week and no stateside action to guide us today either. |
Funny old day today, with approximately 3 weeks to go before quite a good divi, I'd have thought we'd see a slight recovery. |
Positive write up 👍🏻 |
From the mail today . Reporting its full-year figures on Thursday, United Utilities went in hard on the higher cost of living, pledging not to raise average annual water bills despite inflationary pressures. The business, which supplies the North West with water, said it was offering customers more support than ever before, as pre-tax profit dipped due to the firm's high borrowing charges. Shares fell a whopping 7 per cent in early trading on the day and at £10.44 are still some way off April's £11.77 high point. Despite this fall, United Utilities has many of the good points of others in the sector. It has inflation-linked revenues and a solid dividend yield of about 4 per cent. This week's fall puts the shares below the price targets of many analysts. |
Misread the chart and bought an hour too early. All in after costs and tax, 1037 per share. Now gonna sit still for the divi. |
They must be looking to buy a few I would say..... |
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