United Utilities Finals

[idpickering]

· Customers benefiting from better service, greater resilience and improved efficiency

· Delivering value through greater use of innovation and advanced technology alongside our £3.8bn AMP6 capital investment programme

· Sharing outperformance through additional investment in resilience increased from £100m to £250m

· Leading customer satisfaction scores achieved

· Supporting more than 50,000 customers in need of help through our Priority Services scheme

And later;

· Dividend - the board has proposed a final dividend of 26.49 pence per ordinary share (taking the total dividend for 2017/18 to 39.73 pence), an increase of 2.2 per cent, in line with our policy of targeting an annual growth rate of at least RPI inflation through to 2020.

The final dividend is expected to be paid on 3 August 2018 to shareholders on the register at the close of business on 22 June 2018. The ex-dividend date is 21 June 2018.

https://www.investegate.co.uk/united-ut ... 00071001P/

[blobby]

This all looks very solid to me which is what I want from a utility. Still in the HYP range with a p/e of about 12.5 and yield of 5%. Business seems to be growing broadly in line with inflation and the population.

On the positive side:

I am happy to hear that customer satisfaction seems to be the best in the business.

On the negative side I did not like this bit:

underlying profit before tax was down £19 million to £370 million, as the increase in underlying operating profit was more than offset by a £40 million increase in the underlying net finance expense. The increase in the underlying net finance expense is mainly due to the impact of higher RPI inflation on our index-linked debt.

Overall very happy.

[idpickering]

The results look ok to me too. That hasn't stopped the sp dropping 3.4% down though.

Ian.