TU out this morning, major CAPEX over 2025-2030 and dividends to rise with CPIH.. :o) |
Maybe, still a good div. |
Down 5%. Worth buying now? |
Close to +100pts win at 1025, penny dropping? |
CFO awarded 17 shares bonus. Not me Guv!
The truth will out at some point. |
Guess they have to fight their corner, £50M+ at risk! |
UU continue to evade scrutiny of their sewage dumping data. And they get away with it. |
In the Times today ... Water utilities’ debt crisis fuelled by Moody’s views, says Ofwat (behind paywall) |
Needs for the penny to drop, post divi? |
Thks W, losing but short remains.
Lakes? |
 FY25 OUTLOOK AND GUIDANCE
ODI rewards
We are forecasting to achieve a net customer ODI reward for 2024/25 at least in line with FY24.
Revenue
Revenue is expected to increase by c.10%, driven by the inflationary mechanism and the impact of prior period adjustments in respect of consumption.
Underlying operating costs
Operating costs including IRE are expected to increase by more than inflation due to business rates, regulatory charges and IRE.
Depreciation
With continued growth in our asset base and accelerated investments ahead of AMP8, depreciation is expected to increase by £30 million to £40 million.
Underlying net finance expense
Underlying net finance expense is expected to be broadly unchanged year on year. As at 31 March 2024, we had £4.7 billion of index-linked debt exposure, giving rise to a £47 million swing in our annual interest charge for every 1 per cent change in inflation.
Underlying tax
Our current tax charge is expected to be nil in 2024/25, reflecting expected benefits in relation to 'full expensing' and the 50 per cent first year allowances on longer life assets.
Capital expenditure
Capex in 2024/25 is expected to be in the range of £950 million to £1.1 billion. In addition to our AMP7 base programme, this reflects capital expenditure for the year in relation to additional investment and AMP8 accelerated capital programmes. |
Written by:
Ian Lyall
Edited by:
Philip Whiterow
proactive
United Utilities Group PLC
(LSE:UU.)
Published: 14:39 20 Nov 2024 GMT
United Utilities Group PLC - United Utilities: Leading investment bank upgrades stock to 'buy' - here's why
Deutsche Bank has upgraded United Utilities Group PLC (LSE:UU.) to 'buy' from 'hold', raising its price target from 1,130p to 1,200p.
The move marks the bank's first positive recommendation in the water utility space in 18 months.
James Brand, Deutsche Bank's analyst, highlighted the resilience of well-performing companies such as UU amidst challenging regulatory reviews.
“Good performing companies should be able to earn at least reasonably attractive returns, or they should appeal to the CMA,” Brand noted.
UU is recognised for its strong operational performance and trades at a modest premium to its regulated asset base (RAB).
The company's management expressed confidence during recent results, leading Deutsche Bank to revise its medium-term estimates for incentive rewards upward.
In afternoon trading, the stock was up 11p at 1,107.5p. |
invirotech online
United Utilities has been fined for a water quality offence, after it was found guilty of polluting the River Tame.
Earlier this week, Tameside Magistrates' Court heard how the company contaminated the waterway near Mossley with bleach, which resulted in the hundreds of fish dying.
It pleaded guilty to the offence and was charged £24,000 after residents reported a large number of deaths in the river to the Environment Agency in June 2009.
The group led an investigation into the drop in water quality and found that there was an overflow of sodium hypochlorite (bleach) at United Utilities' site in the area.
David Orr, environment officer for the agency, said the Environment Agency works hard to improve water quality in rivers across the UK.
"United Utilities use sodium hypochlorite on site as part of the treatment process and is fully aware of the risk of harm if it discharges into drains and watercourses," he said.
This breach of green regulations comes despite the water firm's commitment to "protect and enhance the environment" that it operates in. |
United Utilities Group PLC
1,115.29 GBX +18.79 (1.71%)
Nov 20, 16:39 GMT
Mkt cap
7.61B
P/E ratio
67.34
Div yield
4.53%
CDP score
A-
52-wk high
1,139.50
52-wk low
950.40 |
SHORT Term MID Term Long Term
Resistance 1 106,00 1 106,00 1 108,00
Support 1 022,50 958,80 982,60
if resistance cannot be broken through convincingly then one might expect a trend down after ex divi day
take care |
United Utilities Group PLC
20 November 2024
United Utilities Group PLC
GENERAL TEXT AMENDMENT
The following qualification in relation to 'Half year Results' announcement released on 14 November 2024 at 07:00 under RNS No 1711M is as follows:
Confirmation of Interim Dividend Date
The Company confirms that the interim dividend is expected to be paid on 13 January 2025 to shareholders on the register at the close of business on 29 November 2024. The ex-dividend date for the interim dividend is 28 November 2024. The election date for the Dividend Reinvestment Plan is 18 December 2024. |
Lets see if they have the guts £51m fine, about right? |
The Observer: United Utilities, one of the UK’s biggest water companies, is fighting a legal battle to block public access to data on treated sewage it is discharging into Windermere in the Lake District. |
Following the eventual fine, fair value maybe 800ish. |
Nice results, but how much of the £103.1M will be taken away?
I would suggest a fair figure of £51M.
A star in 2023 mentioned but not 2024, she seemed to forgot that bit?
Awful memory these people? |
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