Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to monabri,Dod101,Anonymous,Gersemi,robbelg, for Donating to support the site

Severn Trent Trading Update - 1 Oct 2018 to 6 Feb 2019

Practical discussions about equity High-Yield Portfolios (HYP) for income
Forum rules
Tight HYP discussions only please - OT please discuss in strategies
idpickering
Lemon Quarter
Posts: 4461
Joined: November 4th, 2016, 5:04 pm
Has thanked: 642 times
Been thanked: 1413 times

Severn Trent Trading Update - 1 Oct 2018 to 6 Feb 2019

#199212

Postby idpickering » February 6th, 2019, 7:04 am

There have been no material changes to current year business performance or outlook since the HY18/19 results presentation on 22 November 2018. The Board continues to expect that the Group will deliver full-year trading performance in-line with its expectations and prior guidance.

In December, we welcomed Ofwat's decision to increase the cap on waste water customer ODIs from 2% to 2.6% of RoRE, from 1 January 2019. This continues to align performance incentives to the things our customers care most about. As previously stated, these prospective changes will provide the opportunity to receive further outperformance payments in FY2019/20 for some of our longer-term waste water customer ODIs that would have been limited by the previous cap. Our guidance of a net neutral position for FY2018/19 remains unchanged.

Our capital programme is progressing well and we are on track to deliver our biggest capital spend in a decade. Our re-investment programme from part of the £870m Totex efficiencies we have delivered in AMP6 is continuing at pace, putting us in a strong position for AMP7.


https://www.investegate.co.uk/severn-tr ... 00021795P/

kempiejon
Lemon Quarter
Posts: 1108
Joined: November 5th, 2016, 10:30 am
Has thanked: 5 times
Been thanked: 230 times

Re: Severn Trent Trading Update - 1 Oct 2018 to 6 Feb 2019

#199235

Postby kempiejon » February 6th, 2019, 9:21 am

SVT is one of mine with a commitment to raising payments. From last years reports and accounts https://www.severntrent.com/content/dam ... marked.pdf
"In line with the revised dividend policy announced last year of growth of RPI plus at least 4% per annum, the proposed dividend for the year has increased by 6.2%."
Severn Trent's annual results announcement and presentation originally scheduled for 22 May 2019 will now take place a day earlier on 21 May 2019.


Return to “High Yield Portfolios (HYP) - Practical”

Who is online

Users browsing this forum: LeMoss and 8 guests