Last 2 days After ages of the usual boring share price movement - up a bit, down a bit; we've had a relatively huge drop in the past 2 days. Anyone know why?
Re: Post brexit rise We haven't even experienced 'Brexit' as it hasn't been invoked by 'Article 50' yet and so there may well be much more volatility on the markets to come, whilst UU remains a relatively 'Safe Haven'.
Post brexit rise People seem to be adding UU to their portfolio post brexit, sound defensive stock never seems to let anyone down.
XD 25p divi paid 1st August
The Petition is gaining support Apologies for board hopping; but !The petition is going quite well; ~5475 signatures so far. Although it needs a boost.[link] petition was stalled in parliament since 12th Aug 15; finally green lit on 12th feb 2016.The FCA have finally replied, saying its nothing to do with them as they only deal with market abuse & insider dealing, 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.Theres 650 MPs in Westminster, So have you written to your MP? 649 to go!If this petition doesnt 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. ONLY 8 weeks to go !!!So If you havent yet signed or indeed have but havent passed it on to others, then nows the time to do so.
Drought Can't be long before a drought trigger is reached?
Just scraped this from Research Tree: "United Utilities delivered good performance in FY 2016 despite new regulated price controls. The company performed well in the operational and environmental areas, benefitting from the systems' thinking operational approach and improved resilience of the network. United Utilities made improvements in several areas including reduction in pollution incidents, achievement of net reward for ODIs and 75% reduction in customer complaints over 2010–15. The company boasts of a robust capital structure with gearing of 61%, within its target of 55–65%. United Utilities has started the 2015–20 investment program on a positive note, with plans to accelerate the program to maintain and improve services for customers and deliver environmental benefits. Moreover, the company retained its world-class rating in the Dow Jones Sustainability Index for the eighth consecutive year, again achieving industry leading performance status in the multi-utility/water sector. United Utilities maintained its dividend policy of targeting an annual growth rate of at least RPI inflation until 2020. In light of the company's progress in FY 2016, we..."
Re: Share price fall EVP, I apologise. It was a bit rude of me, anyway.
Re: Share price fall Severn Trent, Pennon and UU all reported this week.
Re: Share price fall Pennon announced their results the day before UU, and I guess they qualify as a water company. I'm not sure who else there is in that specific sector. EVP's sector may have referred to the wider utilities sector of course. A brief summary of all the major utility companies results would make quite interesting reading. As for his initial error - I thought that was what he must have meant, but was not sure so felt the need to challenge him. It's an easy mistake to make when your brain works quicker than your typing fingers you sometimes jump a few words. Anyway, the main thing is after an initial negative reaction to the results, after a day's consideration, the market seems to have changed its mind and is getting behind the sp today.
Re: Share price fall EVP,I think that you will find UU are the first water company to report this year. They even say that in their results! So "in that sector" or not, the phrase is "stop digging".Regards,
Re: Share price fall I should have said "in that sector"
Re: Share price fall "UU is the only company that has reported this week, whose shares have subsequently suffered a fall"I think Balderdash is probably the polite comment on that. I've no intention of checking all companies who have reported this week - but Aveva's final on Tuesday were met with around 5% fall, and Shaftesbury's Interims yesterday resulted in a 0.6% fall. I'm sure there were plenty of others.
Re: profits EVP, Well yes, underlying profit is down as expected but that wasn't your point, was it.Both PBT and Profit have increased largely due to the decrease in financial expenses (i.e. debt is now cheaper). Dividend has also been increased in line with progressive policy.The 'underlying' profit reflects the acceleration of the investment programme (a good thing?).Revenue is up whilst the "unprecedented flooding event" has been successfully dealt with.This seems to me to be a pretty well run company, as it should be. They have plenty of water and all they have to do is catch it and sell it. How difficult can that be? (I jest slightly ... but it isn't rocket science).I topped up in advance of the results and view this as a pretty safe although quite boring investment, which I monitor regularly but expect to hold "for ever".Regards,
Re: profits the profit after tax increased from 271.2 to 397.5 but this was principally due to a tax asset due to a forward change is tax rates. if you strip this out the profit would have risen to around 285 or by about 5%. accordingly i would imagine that only increasing the div by 2% will not have made investors happy. cash generation was lower and the net debt also rose which won't help either.