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.

rampers :-)

Can't believe Ruth hasn't looked in having read the thread title :-)

She will, skinny, she will.

(She won't be long in following Dil ;-)

She has probably read the thread, but can't think of a reply. You know how shy and tongue tied she is!

Looking a bit flacid today!

Taken a small long in these @10

Ofwat ruling tomorrow. Doesn't look good for the companies but the question is whether the market will take the view that it's priced in with the sector underperforming the rest of the market by about 30% this year. I've been heavily long in SVT of late but not running any into the ruling.

Kyoto - I'm hoping for the latter - but I haven't picked the best entry point it seems!

on edit : I still can't believe that the thread title hasn't lured Ruth in!

The reporting on this is quite shoddy this morning - here is the OFWAT document for the full facts and figures:

http://www.ofwat.gov.uk/pricereview/pr09phase3/det_pr09_finalfull.pdf

0752 GMT [Dow Jones] The UK water regulator's decision to keep water prices mostly unchanged in the period from 2010-2015 against expectations of a decrease in bills is seen as positive for water companies Pennon (PNN.LN), United Utilities (UU.LN), Severn Trent (SVT.LN) and Northumbrian Water (NWG.LN) as Ofwat , says Lakis Athanasiou of Evolution Securities. (SWI)

Closed half +56

Congratulations Skinny.

Lol only just seen this thread, ;-)
size isnt everything guys, trust me,but how did you know a headline like that would grab my attention;-)

Anyway well done Skinny,;-)

Just closed the other half 1070 +70 - that's Christmas & New year sorted :-)

Well done Skinny,

Bought a few of these again this morning.

Final Results.

31 March 31 March Increase/
2010 2009 (decrease)

m m %

Group turnover 1,703.9 1,642.2 3.8%

Underlying group PBIT1 557.1 469.9 18.6%

Underlying group profit 338.4 273.5 23.7%
before tax2

Profit before tax3 334.4 167.6 99.5%

pence/share pence/share

Adjusted basic eps4 122.8 92.7 32.5%

Basic earnings/(loss) per 105.6 (24.61) 529%
share5

Total ordinary dividends 72.32 67.34 7.4%

Just closed these +1 :-)

Marvellous!
Does that mean you think it's a short then? :-)

Not really - it just seemed rude not to take it :-)