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Interested observer only here, but by God is this one a bit of a lame duck sp wise.
The CEO has bought 22 shares, wow, what a vote of confidence! And The SP responded with an 18p up, hahahahaha....🤣🤣
SP dropping from placing price of £7.30. Looks like large shareholders are selling. They know something that small shareholders don't.
Wonder why large shareholders ares reducing after buying in the Placing. Do they know something?
Under £7.25 today. That is cheaper / near/same as/than buying at placing price of £7.30 included stamp duty and commission if you are with broker that charge low fees
Must be some reason in the madness or is it someone is making money on the side and not care for shareholders
The Times is questioning why they bought a water company (in pretty dire debt straights and making losses) at a 6% premium.
I do not know for sure Jason but I did consider scenarios when Labour/Mr Corbyn and co. had a chance at power and were proposing to nationalise water as well as most everything else.
The plan, as I understood it then, was to buy water companies at a "fair" price. It would not be a Venezuela-esque seizure of assets. The uncertainty is around what would be "fair". Of course the share price would fall in the run up to an election and nose dive after the result. An ensuing legal battle with each water company would presumably make it impossible to achieve nationalisation in a government term. Unless the price was fair. I think that protects from severe downside, and, of course, it is often all hot air with politicians, who would row back on their proposed plans once in office. Too much like hard work.
Does anyone know what may happen to shareholders if Pennon was nationalised?
Worrying times!
I have taken that last top up back off the table. It was only a small profit and a dividend to come.
Talk of more messing by the regulator's didn't help.
Slowly rebuying those that were sold previously. Maybe inflation might give them a kick but I suppose that will be a double edged sword. Its close to a support line so might kick up from here or I might buy another lot if it falls through.
Mrs Davy appears to have eaten too many fantasy fruit pastilles that Pennon is a force for good, checking all the necessary boxes to virtue signal to an unknown audience.
You won't need management consultants in to learn that residents in the South West, Bournemouth, and Bristol will want clean, safe drinking water, consistently and at a good price. This is the force for good. Maybe I am too old in the tooth for today's corporate social responsibility world.
SWW trust pilot 2.2 rating may suggest spending on customer service skills and training would do more good than TV commercials showcasing their limited electric fleet.
The cash committed to a buy back is now allegedly going into the renewable energy projects.
Fantasy and reality continue to diverge here. Ofwat criticised the usual bad six for paying excessive dividends when they are not meeting expected performance. Surprise, surprise South West Water was one of them.
H1 profit down over 70%. I thought H1 last year was down YoY. Although increases in finance costs totalled £40m and increases in energy costs totalled £50m. These are high and unusual costs so the underlying business appears to be performing quite well.
Will South West Water just increase customer bills next year? Or does Ofwat control that? Never paid much attention to the bill from Thames Water. Assume it increases annually like poll tax.
Stalking me again doug? not very becoming, in fact its a bit creepy.
Where did i confirm a purchase here? i dont hold, so, as usual, your woofing at a shadow lol
SP down 23% since May now. Glad I didn't follow you into these No Trade Knowledge. What's your average?
Wind your neck in dung.
id sooner get the odd spelling wrong rather than every share entry point and prediction like you do.
Hows your "BOO is worth £4.50" ramp doing ?
farcical
Yes quite a drop for a steady eddie. The good news is that the yield is rising. I suspect it might have more to go
"flak" is the correct spelling. Go back to school - your spelling is truly embarrassing.
SP down 12% since May.
Seeing lots of flack about the new sww advert around. Quite like it myself
SWW have additional supply and demand funds baked into their FD. It is a case that after Capital Maintenance this is the next soft target to avoid having to spend money! SWW have chosen not to invest in increased capacity and 'to sweat the assets' instead.
Sewerage discharge investigation news item
https://www.bbc.co.uk/news/science-environment-61963555
FFT is a biggy, i would suggest most wwtw are on their ariss at the best of times, only have to look at the level of discharges the company admits to to see the mess that area is in.
Partly not their fault, given the huge amount of build8ng works going on down here, so many new houses, yet never any works upgrades. There is probably only so much slack builtm8nto such things.
If OFWAT do a thorough job, I am sure that FFT compliance will not be the only issue in SWW they uncover! Big fines ahead I more than suspect and a very tough AMP8 determination to follow.