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.

Approaching an 8 year high so far today.

Statement re Press Speculation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

14 May 2013

Severn Trent Plc ("Severn Trent")

Confirmation of approach

The Board of Severn Trent notes the recent press speculation concerning the possibility of an offer being made for the whole of the issued share capital of Severn Trent.

The Board of Severn Trent announces that it has received an approach with a view to making a proposal from a consortium made up of Borealis Infrastructure Management Inc., the Kuwait Investment Office and Universities Superannuation Scheme Limited (together, the "Consortium"). This may or may not lead to an offer being made for Severn Trent.

This approach is at a very early stage, no proposal has been made and there can be no certainty that an offer will be made or as to the terms of any such offer, should one be forthcoming.

In accordance with Rule 2.6(a) of the Code, the Consortium is required, by not later than 5.00 p.m. on 11 June 2013, to either announce a firm intention to make an offer for Severn Trent in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.

A copy of this announcement will be available at www.Severn Trent.com/investors.

The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

An approach to a possible takeover http://www.moneyam.com/action/news/showArticle?id=4593887

Rejection of Possible Offer

Rejection of proposal

Further to our announcement of 14 May regarding an approach by a consortium comprising Borealis Infrastructure Management Inc., the Kuwait Investment Office and Universities Superannuation Scheme Limited (together, the "Consortium"), representatives of Severn Trent met representatives of the Consortium today for the first time.

At that meeting, a conditional proposal was tabled by the Consortium (the "Proposal") at only a modest premium to the share price before the announcement of 14 May. The Board of Severn Trent has reviewed the Proposal with its advisers and concluded that it completely fails to recognise the existing and potential value of Severn Trent.

Accordingly the Board has informed the Consortium that it has rejected the Proposal.

Not enough offered, maybe some mileage in this one then.

Credit Suisse Neutral 2,055.50 1,530.00 1,530.00 Reiterates

Finals out Thursday on these and the current bidders have until 11th June to up their bid or walk away. Anyone here got these at the moment?

Final Results

Highlights

● Delivering on dividend policy - 8.2% growth vs. 2011/12
● Total shareholder return in the current regulatory period (AMP5)1 - 72%
● Creating long term value through efficient investment - £555 million invested this year
● Continued growth in RCV2 from £7,089 million to £7,364 million (+3.9%)
● Delivered significant operational improvements and higher levels of customer service

○ Improved or stable performance on 13 out of 14 Ofwat KPIs year on year

○ Customer satisfaction (SIM score) improving

● Efficiency improvements at Severn Trent Water helping to offset additional infrastructure investments
● Non-regulated business delivered revenue growth year on year3
● Well prepared for next price review
● Full year dividend for 2013/14 set to be 80.40p, up 6% in line with current RPI+3% growth policy

New offer of £22 http://www.moneyam.com/action/news/showArticle?id=4610255 How come the current SP is only just over £21 then?

I think a proviso of the original offer was that the dividend (45.51p - ex on 19th) would not be paid.

Not enough.. we want more http://www.moneyam.com/action/news/showArticle?id=4610693

Bidder for Severn Trent set to walk as deadline looms

LONDON | Tue Jun 11, 2013 11:14am BST
(Reuters) - British water company Severn Trent will see its suitor walk away on Tuesday unless it starts last-minute talks with the Canadian-led consortium whose three previous approaches it has spurned.

A deadline of 5:00 p.m. British time has been set by Britain's mergers and acquisitions regulator for the LongRiver consortium to make a formal offer for the utility or withdraw its interest.

Some major shareholders have urged the FTSE 100 company to open negotiations with the consortium in an attempt to elicit a higher offer than the 22 British pounds per share it rejected late on Friday.

May buy in now.

Indeed Skinny, very interesting now.

Down around 9% which seems about where they were before takeover talk, may be further to fall so still watching.

Clearly -):

Beaufort Securities Buy 1,757.00 - - Reiterates

Citigroup Neutral 1,757.00 1,520.00 1,750.00 Reiterates

Barclays Capital Equal weight 1,757.00 - 1,765.00 Downgrades

Waste and water group Severn Trent slipped a further 11p at 1,754p after Barclays Capital downgraded the stock to equal-weight from overweight.

£17.50 seems a reasonable entry point, but could be wrong.