Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Apologies for board hopping but- The petition is going quite well; ~5200 signatures so far. Although it really needs a turbo boost. https://petition.parliament.uk/petitions/112044/sponsors/frRbCOsOLO6QqIN82UOX This petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016. The FCA don't even reply on the matter, now is your chance to have your say. If you hate seeing buys reported as sells etc!!!!!! Has already been sent to Martin Lewis, Daily Mail, Moneyweek & Watchdog. My local MP supported this petition by writing to the petitions committee to help un-stall it. There’s 650 MP’s in Westminster, So have you written to your MP? 649 to go! If this petition doesn’t reach 10,000; then imo we might as well have not bothered as it will almost certainly be filed B1N; @ 10,000 the government should respond. We are currently getting approx. 100 new signatures a week, but need 3x that amount to reach the target with only 15 weeks to go. So – If you haven’t yet signed or indeed have but haven’t passed it on to others, then now’s the time to do so. If each person who has signed can get just one other person to sign then we will double the total immediately. I have posted to all aim listed gas n oilies, currently doing the footsy 100. But I can only do so much to push this. Really need you guys & gals to help. Thanks to all who have signed so far.
by Daniel Grote on Nov 30, 2015 at 05:00 Citywire Strong results for Severn Trent win upgrade Investec has upgraded Severn Trent (SVT) after strong first-half results for the water company. Analyst Roshan Patel upped his recommendation to ‘hold’ from ‘sell’ with a £21.00 target price. The shares rose 2.1% to £22.48 on Friday. ‘2016 first-half results comfortably beat consensus expectations, driven by last year’s organisational restructure and negotiation of lower rates with subcontractors,’ he said. ‘In addition, net debt growth has been controlled, leaving gearing comfortably below Ofwat’s notional assumption. The potential for total expenditure outperformance and outcome-based rewards looks increasingly credible given margin improvements and performance on key outcome metrics. However, Patel cautioned that outperformance was predicated on low interest rates and ‘may still be hampered by a sharp turn in the monetary cycle’.
Questor Severn Trent dividend income comes at a price 26 Nov 2015 The FTSE 100-listed water utility offers some of the safest dividend income on the market, but the shares are highly priced, says Questor.
http://www.risersandfallers.com/2015/11/26/severn-trent-profit-up-despite-flat-turnover/
http://www.thesundaytimes.co.uk/sto/business/Companies/article1571447.ece
helpful information .bob with a dividend payment of around 50.94p you will see the share price drop by that amount at 7.30 am in the morning last chance to buy the shares was today and up to 7.30 in the morning and still get the dividend. you can sell the shares after the adjustment in the morning and still get the dividend, for more information on dividends and tax go to http://moneyforums.citywire.co.uk/yaf_postst2847_DIVIDEND--INFORMATION-GUIDE-LATEST-EX-DATES.
good news methinks.. see RNS above.. prices should break that 900
The above is worth a quick read. Basicly says all is well but reducing the divi by a bit so that it will total 80p next year (to pay for the £30M restructuring?). However they intend that the divi will keep up with RPI increases for the following years until 2020.
With the pension liability sorted and the final determination tied off, I suppose its the vultures circling that is pushing the share price up. Think thats why Liv was brought in.
the £20 barrier then typical.......well only down £100 on tsco now but would've been up £225 here if I stayed plus a better divi may return yet if Tesco goes up a little more and this falls but guessing this will trickle up,,dyor as ever folks,,,
sorry bailed out of this at 1919 to invest in tsco and promptly lost £300! well this would be down £100 too so not a lot in it but now im out I bet that bloody take over bid will come back...we shall wait and see..
come on then people do I hear £20 bids anytime soon... its about time it broke back through..
Prefer to take my divs as new shares via their DRIP so have seen my holding grow 32% over the last five years. That and the fact that I don't really like going abroad - too hot, too many foreigners and you can never get a decent pint of beer - and I live on the coast in the SW so have everything on my doorstep. This is a great stock to own in both the good and the bad times, and has come a long way from its 240p flotation price way back in Dec '89. If only all of my holdings showed 800% growth and paid such a good div. ATB.
Tomorrow! Time to book a holiday from the big yield! :)
This sector looks like its ready to fly, NG. looks ready now UU. & PNN not far behind CNA & SVT need a few more days to set up...
Positive Points: In the present low interest rate environment, a progressive dividend policy remains attractive to shareholders. In line with group policy of growth of Retail Price Index (RPI) +3%, the dividend for 2013/14 is set to be 80.40 pence, representing growth of 6% year on year, and forecast a total payout for 2014/15 of 84.9 pence per share. Management reported "constructive engagement" with Ofwat on its 2015-2020 business plan. The company said it remains on track to deliver its leakage reduction target during the current regulatory period. Last year, management rejected a hostile approach led by Borealis Infrastructure Management Inc noting that "it completely fails to recognise the existing and potential value of Severn Trent." The group's defensive nature provides investor attraction when set against an uncertain economic backdrop.
Negative Points: Profitability from Severn Trent's core water business is dependent on the group's ability to meet a complex regulatory landscape and efficiency targets. The next regulatory period runs between 2015 and 2020. The group's non-regulated business registered impairment costs of £24.7 million due to "continuing customer project and delivery delays across a number of markets." Operationally, regulatory penalties may be incurred if Ofwat performance targets are not achieved. Management continues to monitor developments such as unemployment levels and changes to the UK benefits system in relation to customer bad debts. An eventual increase in interest rates may reduce the appeal of the group's dividend payment, a key investor attraction.
Financial Highlights: Severn Trent unveiled a better-than-expected 7% rise in underlying profits to £269.1 million. Overall group turnover edged 1.4% higher to £1.86 billion. The group's regulated water supply business posted a 4% rise in underlying pre-tax profit of £518.6 million. The firm recorded an impairment of £24.7 million in its services business after what it called a "disappointing" performance.
Full year results: Severn Trent saw its full-year underlying profit climb 7% to 269.1 million pounds, while the group's turnover inched 1.4% higher to 1.86 billion pounds. The company reiterated it was paying a dividend of 80.4 pence per share for the year ended 31 March, a 6 % rise year-on-year, and forecast a total payout for 2014/15 of 84.9 pence per share. Chief Executive Liv Garfield, who recently joined Severn Trent from BT Group, said her focus over the coming 12 months would be trying to secure a good outcome from the regulator's pricing review and to speed up decision-making within the company. The company added "We are continuing our constructive engagement with Ofwat on our 2015-2020 business plan and as previously announced, in order to give sufficient time and opportunity to fully engage with Ofwat, we will submit our revised business plan on 27 June, with a draft determination expected on 29 August, and a final determination expected 12 December. Following the final determination we will be able to elaborate on our dividend policy for 2015-2020". Elsewhere, Severn Trent's regulated water supply business posted a 4% rise in underlying pre-tax profit of £518.6 million, however the firm recorded an impairment of £24.7 million in its services business after what it called a "disappointing" performance. Based on the combined estimates of analysts that cover the company,
meant to say, NOT GOOD READING etc
Reporting next week on Thursday, I think its good reading so put a SHORT on this just before 4.30pm
Seems likely again now. Slow progress to £20 megint.
Severn Trent investors have reasons to be annoyed after the water company's performance since rejecting a takeover bid, Danny Fortson argued in the Sunday Times. In his Inside the City column, Fortson said Severn's shares are almost a fifth lower than the 22 pounds offered by overseas investors a year ago. New Chief Executive Liv Garfield has a difficult job because the industry regulator has said price rises will be limited. With Deutsche Bank predicting falling profits and a small dividend cut next year
ooo missed the upgrade from deutsche from1550 to£20 thankyou guys hope this lifts the share in the right direction although last time I said cheers the share tanked £2..............
Nice new rating