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what sort of news it would take to dip this to 8? banks would be 10p a pop at that..so Id dive on those.
I'm topping up!
thats all I put it down to. due to the inevitable dividend cut and ofwat. two city types are assuming itll be upto a 10p off, so ~6 return which is still better than most...but for a backup Ive gone into pennon so Im covered both ends. hoping to hold these till they reach ~12.20, but if they dip below 8 Im out.
badly, this is looking interesting as a buy....
cant understand why they are not going up, safe company with good profits, should be £12
someone asked about rights issue........there is no rights issue in severn trent......its dropping because of news from OFWAT that they want to cut the water bills in next AMP (5years plan) .......nothing to worry ......other water companies share price is also droping......
and hopefully not too low! ok, a guesstimate..no lower than 950..reason I think so is the march low. if it does..I'm selling up and running back to my old faithful Pennon.
OK, whats going on, it cant still be over reacting, can it?? How low will it go ?
does anyone know if Severn trent is going to have a rights issue? if thats the case then im selling out quick.
when will this bounce, a good yield and a good price, should be around £11.................
here's looking for a bounce tomorrow, over sold i feel...............
well not down the plug hole if that 3.8 million quid ater hours buy is anything to go by! happy to have added this to my divi-earning pile at todays price and will be a longtermer for me GL all!
stop now please!! :)
Just added this one to my portfolio,looks like a terrific yield and a over-reaction just as uu was earlier,just off to sell some crap shares now to pay for them! GL all
This is my dud share but just have to keep hanging on long term as it will make some limited money. Of course, market have over reacted so yes perfect to get in now to lower sp and then keep holding.
I feel that the market always over reacts. I've been looking to get into this sector for some time but always felt that the price was too high. Bought into UU. a couple of days ago so I've got a loss there but now bought into Northumbrian as well as Severn. good luck all ;)
over reaction i feel, good time to top up.....
To get in just for the dividend? I guess it's worth it if you get enough shares to make it worth your while or are you looking long term too? Think it's a nice stable long termer - people always need water!
Thanks for your info on this share - I class it as one of my more stable shares and it was the first share I bought when I started shares in Nov 08. I though everyone needs water so it must be a safe bet. And that is exactly how it has been but not very exciting. I've now moved on to banks and that's been more profitable. Anyway, what is this about Aug 09 - know nothing about anything. Let me know the lowdown on it please!
ex dividend date 17/06, 3.5%. (41p) just wondering whether to get in ?
You will find that this share will rise but will have peaks and troughs where it goes up and down 30-40p per day. I think it will make £12 by the end of the year and sustain this. City analysts have revised their views on SVT and the key is their comparable position in the Water and Utility Sector when compared to others such as United Utilities. Interesting to see developments when price limits announced in August 09
Pretty pleased as we suddenly have a bit more movement on this share! Let's hope it lasts.
http://news.bbc.co.uk/1/hi/business/8073232.stm Wonder what will happen to the SP!
A good set of numbers from SVT and performing well on it's KPIs. They have also appear to have secured good deal on european bonds and are well positioned for the next 5 years in terms of their business plan submission. The key will be how COPI performs over the next year and the ratchet applied to the price limits, however I understand that views on inflation are reasonable. Invested heavily in renewable energy and are way out in front in generating salable power. Safe bet to exceed £12.50 in short term
This was the first share that I bought at the start of the recent crisis and hasn't been my favourite! I bought it as it seemed secure -utilities but as we all know it hasn't been the best performing. So hold or sell at a slight loss? Not in the markets for the short term so does anyone think it has a chance of hitting its highs in a couple of years? Thanks