Date: Wednesday 18 Jul 2012
LONDON (ShareCast) - Severn Trent, the water company focused on the Midlands and mid-Wales, says performance for the period since the beginning of April has been in line with expectations”.
The price customers are paying for water increased by 5.2% from April 1st but consumption is declining.
Bad debts of people unable to pay their water bills are still running at around 2.2% of turnover with the company saying it will continue to monitor unemployment levels.
Operating costs are expected to rise year-on-year, due to the impact of inflation, a full year of operating private drains and sewer assets, and increases in quasi-taxes, but the firm says these increase should be offset by efficiency improvements.
Net capital expenditure will be between £570m and £590m for the full year while the effective rate of tax the group is paying for 2012/2013 will be between 24% and 26%.
Severn Trent shares have gained 14% since the start of the year.
BS
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Change Today | 75.00p |
% Change | 3.09 % |
52 Week High | 2,728.00p |
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Volume | 856,780 |
Shares Issued | 299.87m |
Market Cap | £7,509m |
RiskGrade | 109 |
Value |
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Income |
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Growth |
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Strong Buy | 3 |
Buy | 3 |
Neutral | 1 |
Sell | 3 |
Strong Sell | 2 |
Total | 12 |
Latest | Previous | |
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Final | Interim | |
Ex-Div | 30-May-24 | 30-Nov-23 |
Paid | 17-Jul-24 | 10-Jan-24 |
Amount | 70.10p | 46.74p |
Time | Volume / Share Price |
17:07 | 189 @ 2,504.00p |
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16:34 | 1,742 @ 2,501.06p |
16:35 | 1,968 @ 2,504.00p |
16:35 | 862 @ 2,504.00p |
CEO | Olivia (Liv) Garfield |
Chair | Christine Mary Hodgson |
CFO | Helen Miles |
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