Down today (ex big div) but severn trent seem to have an almost perfect large inverse H&S beginning in mid Jul and completing last week. 680ish is going to be an interesting level either way.

Ex-divi 30th Nov '11 (28.04p)

Time to dust these down again.

Recent upgrade 10th Jan HSBC overweight TP 1740.
IMS on 17th February. Yield 4.2%

Tender Offer.

CASH TENDER OFFER

SEVERN TRENT UTILITIES FINANCE PLC ANNOUNCES A CASH TENDER OFFER IN RESPECT OF ITS £200,000,000 5.25 PER CENT. NOTES DUE 2014 (ISIN XS0176529583)

Severn Trent Utilities Finance Plc (formerly Severn Trent Water Utilities Finance Plc) (the Offeror) today announces an invitation, subject to certain offer restrictions, to eligible holders (the Noteholders) of its £200,000,000 5.25 per cent. Notes due 2014 (ISIN XS0176529583) (the Notes) to tender any and all such Notes for purchase by the Offeror for cash, as further described below (the Offer).

The full terms and conditions of the Offer are set out in a Tender Offer Memorandum dated 17 January 2012 (the Tender Offer Memorandum), which is available to Noteholders from Lucid Issuer Services Limited at the details set out below. Participation in the Offer is entirely voluntary and within the discretion of each Noteholder. Capitalised terms used and not otherwise defined in this announcement have the meaning given to them in the Tender Offer Memorandum.

Rationale for the Offer
The purpose of the Offer is to manage the Offeror's debt maturity profile. Any Notes purchased by the Offeror pursuant to the Offer will be cancelled and will not be reissued or resold.

Interim Management Statement.

17 February 2012

Severn Trent Plc Interim Management Statement

for the period 1 October 2011 to 16 February 2012

The Board of Severn Trent Plc confirms that trading across the group has been in line with its expectations. No new material trading events or transactions have occurred during the period 1 October 2011 to 16 February 2012.

Severn Trent Water

Consumption levels across our measured income base for FY 2011/12 are expected to lower year on year, in line with the trend seen in the first half.

The level of bad debt for the full year is expected to remain broadly stable compared with the first six months, although we continue to monitor future developments closely, especially unemployment levels.

Operating expenditure continues to be in line with the Board's expectations for the year, and below the level allowed in the Final Determination. Operating costs are expected to rise year on year, due to the impact of inflation, prudent investment in our networks, and quasi taxes (including the CRC levy), partially offset by efficiency savings.

Expectations for net capital expenditure (UK GAAP after deducting grants and contributions) remain in the range GBP450 million to GBP470 million. The level of net infrastructure renewals expenditure included in this figure is anticipated to be GBP120 million to GBP130 million. Both figures exclude the costs of Private Drains and Sewers (PDaS).

Severn Trent Water is not currently predicting any usage restrictions this year, despite record low rainfall over the winter period. This situation remains under constant review however and the company is taking steps to improve supply resilience this year. Severn Trent Water has maintained its focus on continuous improvement and is on course to meet its 2011/12 leakage target. Severn Trent Water is one of only 3 companies that is targeting reduced leakage year on year over the current regulatory period.

Work volumes related to Private Drains and Sewers continues to be at the lower end of initial expectations. The company will provide FY 2011/12 costs, and updated capital and operational expenditure estimates for the remainder of the current regulatory period, with its Preliminary Results in May.

Severn Trent Services

Severn Trent Services is expected to deliver an improved second half performance, compared to the first half, in line with prior guidance. However, markets remain challenging, with no significant upturn expected before the start of the next financial year.

Group

The group completed a successful GBP250m 30 year bond issue in January, at a coupon of 4.875%, and simultaneously a tender offer for its 2014 GBP200m bond, which saw an uptake of 75% or GBP151m. The costs of the tender offer will give rise to an exceptional finance charge of GBP16m for FY2011/12, representing the difference between the purchase price and the carrying value of the bond.

The expected effective current tax rate for the group for FY 2011/12 remains at 26% to 27%.

Severn Trent Plc will announce its preliminary results for the financial year ending 31

March 2012 on 30 May.

On a bit of a run this month.

From the 10th.

http://www.bbc.co.uk/news/uk-17664051


Severn Trent says plans are being drawn up to sell water to Anglian Water, one of the firms which has imposed a hosepipe ban.

Pumping from boreholes, Severn Trent plans to shift 30 million litres of water a day from sources beneath Birmingham into the River Tame, which joins the Trent.

Severn Trent's David Essex told the BBC's Daniel Boettcher that it is the first time such a scheme has been carried out in recent history.

Preliminary Announcement of Annual Results.

Highlights

● Maintaining the lowest combined water and waste water bills for our customers

● No usage restrictions in the Severn Trent Water region forecast for this year

● Leakage reduced by 7% year on year to a record low level, and below Ofwat target

● Severn Trent Water operating expenditure below level assumed in Ofwat's Final Determination

● Additional investment of £150 million in Severn Trent Water's networks over the next 3 years to enhance security and resilience for our customers, on top of £1.6 billion previously planned

● Proposed capital return of £150 million to shareholders maintains an efficient and sustainable balance sheet with a strong investment grade credit rating

Over a quid of dividend to come - ex date 20th June.

New highs today @1750p

And again today @1782.

Just sold @1795 - they have almost risen by the £1 dividend.

I was very tempted to buy back this afternoon, but will look again next week.

Ex dividend tomorrow for £1.056.

Big divi today or large capital gain later (probably in time), decisions decisions?

Skinny you a fan of these, can you remember how long the share price usually takes to recover after ex. divi off hand?

Stan - This is different because of the 'special' dividend payment. I've taken the option to sell (see post 41 above) so am probably going to wait to buy back - but that's purely me - but (caveat) I may change my mind this afternoon :-)

Also if you look at the chart, these have been in an uptrend since the start of 2010.

OK thanks, more to think about on this one then for me.

Skinny did you get some in the end? I did, couldn't resist such a large divi. in a defensive like SYT. Hoping for a not to long recovery in SP as well.

Stan, I don't know where my post from last evening has gone in reply. But No, I didn't in the end, the low being 1743 - I will buy back at some point.

Severn Trent Plc

Publication of Prospectus

The following prospectus (the "Prospectus") has been approved by the UK Listing Authority and is available for viewing:

Prospectus dated 19 June 2012 relating to a €4,000,000,000 Euro Medium Term Note Programme of Severn Trent Plc, Severn Trent Utilities Finance Plc and Severn Trent European Placement S.A. as issuers and Severn Trent Water Limited as guarantor of notes issued under the programme (the "Notes") by Severn Trent Utilities Finance Plc and Severn Trent Plc as guarantor of Notes issued by Severn Trent European Placement S.A.

To view the full document, please paste the following URL into the address bar of your browser:
http://www.rns-pdf.londonstockexchange.com/rns/7692F_1-2012-6-20.pdf
A copy of the above Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection at
www.morningstar.co.uk/uk/NSM

SEVERN TRENT PLC LAUNCHES RPI LINKED 10 YEAR STERLING RETAIL BOND

Severn Trent Plc ("Severn Trent") has today launched an RPI linked 10 year Sterling bond available to retail investors.

The bonds will pay interest semi-annually at a real rate of interest of 1.3% per annum adjusted to take account of changes in the level of the UK Retail Prices Index ("RPI"). On maturity, the amount due to be repaid will be the full face value of the bonds, adjusted to take account of any overall increase in the RPI. However on maturity, even if there is an overall fall in the RPI, Severn Trent will be required to repay the bonds at no less than their full face value.

Given water companies habit of loosing large quantities of our water, who would be so silly as to trust them with our money? especially with such a pathetic return as well.

I guess it must appeal to some investors.