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He is far too left wing for even traditional Labour voting families.
If you are a shareholder here you want Corbyn out - unless you want to see nationalisation. His own MP's are turning on him again including Yvette Cooper.
Nationalisation threats far overdone IMO 'Sheer fury' at Corbyn's response to spy poisoning Labour backbenchers are voicing their disapproval at their party leader's comments in the wake of the spy poisoning. Jeremy Corbyn was accused of "appeasement" towards Russia as MPs - including his own backbenchers - voiced anger at the Labour leader's apparent reluctance to directly blame Moscow for the Salisbury nerve agent attack. Mr Corbyn was heckled in the House of Commons on Wednesday as he responded to the Prime Minister's statement setting out a range of retaliatory measures the UK will take against Russia. https://news.sky.com/story/salisbury-attack-jeremy-corbyn-accused-of-appeasement-towards-russia-11289753
As usual though short sellers suppressed the rise - blatant manipulation again. *********************************************************************************************************************************** Analysts at JP Morgan upgraded their recommendations for Pennon and Severn Trent, arguing that concerns about regulatory risk, rising government bond yields and possible nationalisation by a Labour government had pushed the shares to "unusually low" levels. That trifecta of risks was on top of the "more traditional" decarbonisation, affordability and security of supply balancing act, they said. "We take this opportunity to highlight stocks in our coverage universe that are oversold, trading at a material discount to 'worst case' nationalisation scenario projections," they added. Looking out to 2021/22, Severn Trent (target price: 2,250p), United Utilities (target price: 1,000p) and Pennon (target price: 830p) were changing hands at discounts of 1%, 5% and 11% versus their regulated capital values, respectively. In the analysts' opinion, that made little sense in the context of Labour's nationalisation threat and upgraded their recommendation for Pennon and Severn Trent from 'neutral' to 'overweight' and said they were at 'overweight' on United Utilities, having had no coverage on it beforehand. At a forward price-to-earnings multiple of 12.5 and with its offering of a dividend yield of 6.6%, their preferred stock in the UK water space was Pennon https://uk.webfg.com/news/broker-recommendations-/broker-tipspennon-severn-trent-acacia-mining-severn-trent--3182360.html
in the news saying utilities were unprepared and articles listed with the high pay of board members. I'm not sure what more you can do if the weather freezes. Do you invest in lagging pipes or adding heating underground? I'm not sure adding pay packets into the mix really adds much, would it be ok then to say you have had no water for several days but thats ok cos I only get minimum wage? Are they overpaid, most probably but that is a side issue. Ofwat chairman Jonson Cox also comments on debt leverage, performance, pensions and suggesting dividends should be in the 4% region
I think the other problem is the next OFWAT review, which is expected to cut water bills. I think Pennon still looks a decent buy at this price, though.
It's also to do with rising bond yeild expectations. Utilities are often veiwed as bond proxies and move in relation to bonds. But I am keeping an eye on Pennon and National Grid. At some point they'll be bargains. But I'm not about to bet against the trend. People will also be dumping them because they bought them as 'safe plays' and have lost on them. I started building a position at 900 but backed out pretty quickly when they started dropping.
Looking to invest in here as it looks to cheap but it just keeps dropping. Surely it can't be all to do with the labour privatisation issues. ?? Any thoughts
Maybe corbyns been hit by a bus?
so up 17p at the present and can't see any news relating to this.Anyone aware of anything that has triggered such a big jump today?
Seems to have stabilised now, the only way is up
Just sold out of royal mail which the labour government also want to take out of the private sector and bought in here. I don't think this share price has fallen because of labour, more because of the review coming up. However now this share seems a hold with its great dividend, so long term hold for me.
It is an absolute disgrace how water utilities in particular have been trashed. Shorter driven of course in a totally UNregulated market. 25% down in 2 months! Supposed 'safe defensive' water utility. I am sorry but has an election been called? No. Is Corbyn PM? No. Are Labour even ahead in the polls. No! No election required until 2022.
I could see this snapping back to 750 quite easily,
A relatively new holding for me, quite impressed by this company bought in favour of sse, can't believe the drop in sp however, like it is being handed to me on a plate, already topped up once to the holding after such a drop tempted to do again, although did not want to do this so soon. Looks pretty over sold
sub �6 the way its going.....quite bizzaire
35% down from 52wk highs. Any Ofwat changes do not come in until at least 2020.
most of the future income is coming from the Viridor side and EFW with four more plants coming on stream. This is not fully affected by political whims so at these levels a sound investment. I will buy more tomorrow
Another down day ? Is there any chance of revival as can’t see this ending ?
Political uncertainty and the possibility of a Corbyn government may well have scared off investors fearful of proposed nationalisation
For water and energy utilities to be trading at P/E's close to 10 is unheard of. Yield is close to 7% here now. 33% down in just 6 months. Brutal sell off.
Given the ERF fleet additional coming on line soon I say this is a bargain buy. This is the future of waste , ask any goverment official concerned.
If you long term then it’s just a blip surely ? But perhaps the bottom now ???? Thoughts ?
All sense seems to have gone. Absolute madness.
Let us accept that some of this sell off is political. The facts remain that this is a UK registered business, that is regarded in the industry as well run. It is not a pure water play. Re-nationalisation will be at least 5+ years away and in the meantime this should continue to offer a yield of 6%. In terms of on-going cash costs to the economy I would think that the early close-out of PFI projects should be a much higher priority for Corbyn. I bought into this just short of the peak and am nursing large losses, but I still think the sell-off is crazy and there are many worse businesses out there...............