Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
lets not forget the owners of thames water back in the late 80's , whilst under the thatcher government, inherited these companies and the entire infrastructure, just like the power industry, they didn't build them. they have since only maintained the infrastructure with no intention of replacing the asset over time, indeed the direction under ofwat did not force the companies to replace / upgrade the assets for future proofing, this requires not only big expenditure, but highly skilled designers and engineers to undertake the large project replacement and upgrading of infrastructure. the new private owners simply asset stripped them. this included the reduction of skilled staff with high salaries , cut training and development, followed by zero innovation. we are now seeing what was sowed is now being reaped, we are now deeply in the ****. the same will happen with the power industry which i have witnessed over the last 40 years. the assets are seriously aging and need replacement with the associated high costs. time for the ceo's to collect their bonuses and scarper.
At the current rate based on 72 days and 62% complete the buy back should be complete by late August, leaving us with around 64Billion shares in circulation. The current price held low by magic :) where will the SP go after the buyback is complete. I would guestimate a gentle rise to around 58p
Hi Fleccy, On this site it states the number of shares in circulation, I didn't do any further research. I was regularly noting the last buy back and there was a couple of days where the number went up. I take it its just catching up, but overall a reduction.
I have a very large holding in Lloyds bank and plan to hold until the ex-divi date and then decide diversifying to reduce the current risk in the banking sector. There is obviously deep issues in the global banking system with the latest derating in the US banking sector. I note Lloyds have successfully completed a number of financial stress tests, but this doesn't fill me with a lot of confidence. Lets hope the next few weeks see an increase in the SP to rebuild confidence.
NN
Its a typical limit, otherwise you need DNO approval, you may also have problems with the additional load on the roof.
Check out the following https://blog.spiritenergy.co.uk/homeowner/how-many-solar-panels-allowed
Hardup,
I did the same basic math's and deducted 0.3p for the government incompetency factor! Not very scientific I much prefer Aspergers elaborate breakdown and full marks for showing the working. Either way happy with anything over 2.0p
NervousNelly
Just a quick observation you are only allowed 16 panels X 200watts = 3.2KW on you roof. I agree the FIT doesn't make the high costs viable. The next KWH / rate is going up from 42p to 60p. For an average domestic user solar panels coupled with a storage battery will become a possible option.
Snige,
Whilst gas storage is an issue, the maximum generation from all the CCGT PowerStation's is less than 30GW. The Peak UK demand is 55 - 60GW the difference of 25GW is from Nuclear 10GW and 20GW from wind. The wind is the issue if during max peak demand there is low wind the UK must load shed, that means blackout over large areas. We had coal stations which could provide 20GW they are now demolished. I suggest we pray for a mild winter and loads of constant wind.............Its all down to luck now!!
House LED lights count for less than 1% of a typical house hold KW/h consumption. The real issue here is the peak winter demand of around 60GW, everyday UK average is around 40GW and the available generation now that the coal plants have been closed. The UK has the following mix of generation gas 25GW + Nuclear 6GW+ import 5GW + Wind 20GW = 56GW. The above generation figures are at peak, with no generation or transmission failures. The main issue is the reliability of wind its usually lower than 30% which drops from 20GW - 30% = 14GW so we max out generation at around 50GW. The solution is to NOT have a cold prolonged winter otherwise we will have very severe power outages never before seen in the UK. If we had kept the coal stations (15GW) on stand by until we had enough generation capacity there would be no issues. And yes I work in the industry !
The buy back should all be completed by Monday next week at the current price. Now that the share price manipulation since February will over. lets see what the share is worth on Friday 14th.
I'm guessing a conservative 46p with the current doom that's in the air..............Lets have your best estimate!!!!
Is the great buy-back of shares now complete. What a coincidence from February until now the share price remained in the low 40's. Next week should show the real share price now market manipulation is out of the way.
I certainly don't agree the Energy sector should be government owned, I STRONGLY believe that the Energy companies should be owned, operated by UK based companies and accountable to proper regulator. An agreed percentage of their profits should be used for training new recruits and increasing the skill pool across the industry and country. In addition the Energy companies should sponsor Universities for research and developments. At the moment they are foreign owned with NO interest in the above, their focus is profit !