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.

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.

Re Joint Venture

Severn Trent and Costain Announce New Joint Venture

Severn Trent Plc and Costain Group PLC have entered into a new Joint Venture ('JV') to provide complete business water and wastewater management services to high volume commercial and industrial water users.

The new entity, Severn Trent Costain, will combine the skills and experience of both Severn Trent Services and engineering solutions provider, Costain, to offer large multi-site water users a single expert supplier for all of their water and waste water requirements, from source to disposal. With a cohesive approach to water management Severn Trent Costain will help customers improve efficiencies, leverage cost savings, manage legal compliance and risk management issues, and resolve water efficiency challenges.

The UK water supply market is undergoing significant change as Government legislation drives increased business retail competition in the competitive UK water market. Severn Trent Costain will be at the forefront of these changes, helping to shape the emerging landscape, and enabling customers to combine their requirements for on site water services, with the opportunity to buy their water from a single national supplier.

Severn Trent Services and Costain have a proven track record in delivering improved efficiencies in water and waste water management through an existing joint venture to operate and maintain over 5,000 assets and 1,300 sites for the Ministry of Defence, one of the largest PFI contracts in Europe.

The two companies will combine parts of their existing operations within the JV (see Note 1 below), in which Severn Trent will have an initial 60% shareholding.

Water chart for the last 7 months.


As you can see its been on the up.. unlike here where it won't stop coming down -):

Interim Management Statement.

The Board of Severn Trent Plc confirms that trading across the group has been in line with its expectations and prior guidance.

http://www.moneyam.com/action/news/showArticle?id=4425970 Wonder what that's all about.. If anything?

Just a regulatory obligation to notify.

That's a fine candle - as the actress said to the bishop!

Statement re Ofwat's consultation on s13 proposal

Severn Trent has today written to Ofwat regarding the proposed changes to Severn Trent Water's Licence, published on 26 October 2012.

Whilst Severn Trent Water is minded to accept Ofwat's proposed change to its licence, the company believes it would be better if the current proposals were modified.

In response to Ofwat's clarification note published earlier this week, the company has made constructive suggestions to overcome concerns regarding the prospect of losing 40 per cent of revenue from wholesale price controls and lack of clarity about how future prices would be controlled.

The company believes that these suggested changes would still give Ofwat the flexibility required to drive the significant reform of the industry which Severn Trent continues to be supportive of.

Severn Trent publishes its Interim Results to 30 September 2012 on Tuesday 27 November.

Half Yearly Report

Highlights

● Financial results in line to deliver full year expectations

● Additional £150 million investment programme already delivering operational improvements to the benefit of customers

● Leakage, pollution incidents and SIM score all improving*

● On track to deliver improved serviceability for water distribution network and improvement in Ofwat KPI performance for this year

● Non-regulated part of the group showing a positive trend

● Responded to Ofwat proposed licence modifications with constructive suggestions to reduce uncertainty

Is it just my W/list or are most shares having a rest today? apart from this one which is up 1.5% at the mo.

Stan - take a look at VOD :-)