Thames Water- Finished?
Discussion
vaud said:
S600BSB said:
Well I live 50% of the time in rural France and my SNCF regional rail service is superb. Runs super reliably with stations and trains properly staffed. None of the rubbish you get in the UK. Also runs post-Covid with a small operating profit. Britain is just broken.
SNCF are also €24bn in debt...CraigyMc said:
If you look at the top comment of that twitter post you will find the answer. The dividends never left thames water group, and did not make it into the hands of investors:
Kemble is the holding company for thames water, it's this which the pension funds own. Kemble hasn't paid out any dividends since 2017 so my point stands.
ETA: this isn't secret -- https://www.thameswater.co.uk/about-us/governance/...
but, do you know why the parent company is called Kemble?Kemble is the holding company for thames water, it's this which the pension funds own. Kemble hasn't paid out any dividends since 2017 so my point stands.
ETA: this isn't secret -- https://www.thameswater.co.uk/about-us/governance/...
Edited by CraigyMc on Thursday 28th March 14:08
Dynion Araf Uchaf said:
CraigyMc said:
If you look at the top comment of that twitter post you will find the answer. The dividends never left thames water group, and did not make it into the hands of investors:
Kemble is the holding company for thames water, it's this which the pension funds own. Kemble hasn't paid out any dividends since 2017 so my point stands.
ETA: this isn't secret -- https://www.thameswater.co.uk/about-us/governance/...
but, do you know why the parent company is called Kemble?Kemble is the holding company for thames water, it's this which the pension funds own. Kemble hasn't paid out any dividends since 2017 so my point stands.
ETA: this isn't secret -- https://www.thameswater.co.uk/about-us/governance/...
Edited by CraigyMc on Thursday 28th March 14:08
CraigyMc said:
If you look at the top comment of that twitter post you will find the answer. The dividends never left thames water group, and did not make it into the hands of investors:
Kemble is the holding company for thames water, it's this which the pension funds own. Kemble hasn't paid out any dividends since 2017 so my point stands.
ETA: this isn't secret -- https://www.thameswater.co.uk/about-us/governance/...
Yet, while Kemble is not paying out dividends to the owners, it is paying out interest on loans (the most recent one at 8%), which is how the owners are taking cash out of the business in exchange for debt. And then getting annual interest payments for the loans.Kemble is the holding company for thames water, it's this which the pension funds own. Kemble hasn't paid out any dividends since 2017 so my point stands.
ETA: this isn't secret -- https://www.thameswater.co.uk/about-us/governance/...
Edited by CraigyMc on Thursday 28th March 14:08
https://www.ft.com/content/4b901734-4ca3-4d02-b51c...
I'm guessing this is more tax efficient for the owners and comes with less scrutiny....
It's sort of amusing how well signposted this was.
BBC in 2006 said:
The BBC's business editor Robert Peston said that the big question now would revolve around how much debt Macquarie would run up on Thames.
"When Macquarie buys assets, it tends to load them up with borrowings," he said.
--> http://news.bbc.co.uk/1/hi/business/6057230.stm"When Macquarie buys assets, it tends to load them up with borrowings," he said.
julian987R said:
What grounds would one have to not pay the 40% price hike? Can someone swop supplier like they can with Electricity?
I think it needs to be more than 40% to bring the metered rate up to South West rates?Personally, I believe most things are done better by the private sector, but drainage needs to be joined up with IHghways, the EA, planning and regional development.
There's so much regulation and so much working with the public sector that it's never going to work well.
Water supply is maybe different, bearing in mind that some Water Supply companies always were private and worked OK.
Tired of this stuff now
Company f
ks up, pats £40bn in dividends and an even higher number in loans/debt.
Pollutes divers. Foreign investors and royally fks it all up.
Who will pay for all this ... We do of course. Once again. It's us.
Is this country capable of actually doing ANYTHING right or well?
Company f
ks up, pats £40bn in dividends and an even higher number in loans/debt. Pollutes divers. Foreign investors and royally f
ks it all up. Who will pay for all this ... We do of course. Once again. It's us.
Is this country capable of actually doing ANYTHING right or well?
aeropilot said:
Wills2 said:
They have to taken into public ownership or taken into a NFP status (which would probably be the best solution) enough of the financial engineering it serves no purpose other than to line the pockets of faceless investment funds at the expense of our environment and our ability to cope with the consequences of CC.
If NFP it would likely mean that consumers 'might' be more willing to stomach bill increases to pay for better service as it should be clear that is what the extra money is for at least...........rather than as now.NFP is probably the answer to many of our infrastructure woes, the government can't plan long term they are utterly corrupt, they stand for nothing but re-election or a seat on the board.
There isn't one part of our national life that is fit for purpose, by every measure we're in decline and there isn't one political party capable of taking action to address it, so obsessed are they with virtue signalling and whatever fringe topic is trending on X.
If things carry on like this when we eventually do go back into the EU they'll probably have no choice but to make us a net receiver of funding to try and avoid having a failed state just of the coast.
redrabbit29 said:
Tired of this stuff now
Company fks up, pats £40bn in dividends and an even higher number in loans/debt.
Pollutes divers. Foreign investors and royally fks it all up.
Who will pay for all this ... We do of course. Once again. It's us.
Is this country capable of actually doing ANYTHING right or well?
We'll be paying g for it when it's govt run too. Company f
ks up, pats £40bn in dividends and an even higher number in loans/debt. Pollutes divers. Foreign investors and royally f
ks it all up. Who will pay for all this ... We do of course. Once again. It's us.
Is this country capable of actually doing ANYTHING right or well?
valiant said:
julian987R said:
What grounds would one have to not pay the 40% price hike? Can someone swop supplier like they can with Electricity?
Do you own a house?For domestic users there is no competition. You live in the Thames Water area then you’re potentially liable for the increase.
A short while ago I read about an elderly lady who'd had a new TV.
She couldn't fit the massive cardboard box it came in into her recycling bin so she left it by the side on bin day.
She got fined £400 for "fly tipping"
Working on the same "polluter pays" premise, make the fine for polluting rivers / beaches, etc. say..........just think of a number per 1000 litres.
Then multiply the fine by 3.9 million hours of dumping crap.
Almost almost instantly water companies would go bust and HMG can buy the firms for pennies in the pound.
Dream on eh!
Time Government admitted privatisation has failed though!
She couldn't fit the massive cardboard box it came in into her recycling bin so she left it by the side on bin day.
She got fined £400 for "fly tipping"
Working on the same "polluter pays" premise, make the fine for polluting rivers / beaches, etc. say..........just think of a number per 1000 litres.
Then multiply the fine by 3.9 million hours of dumping crap.
Almost almost instantly water companies would go bust and HMG can buy the firms for pennies in the pound.
Dream on eh!
Time Government admitted privatisation has failed though!
borcy said:
Shareholders are full of st; they've extracted ~£20bn from the enterprise, fk them and the horse they rode in on. Let it go bust, the physical assets can be managed on a caretaking basis like LNER was until a politician with a spine can be found to make a decision about whether it stays private, goes welsh and not-for-profit or is nationalised.hidetheelephants said:
borcy said:
Shareholders are full of st; they've extracted ~£20bn from the enterprise, fk them and the horse they rode in on. Let it go bust, the physical assets can be managed on a caretaking basis like LNER was until a politician with a spine can be found to make a decision about whether it stays private, goes welsh and not-for-profit or is nationalised.CraigyMc said:
hidetheelephants said:
borcy said:
Shareholders are full of st; they've extracted ~£20bn from the enterprise, fk them and the horse they rode in on. Let it go bust, the physical assets can be managed on a caretaking basis like LNER was until a politician with a spine can be found to make a decision about whether it stays private, goes welsh and not-for-profit or is nationalised.hidetheelephants said:
CraigyMc said:
hidetheelephants said:
borcy said:
Shareholders are full of st; they've extracted ~£20bn from the enterprise, fk them and the horse they rode in on. Let it go bust, the physical assets can be managed on a caretaking basis like LNER was until a politician with a spine can be found to make a decision about whether it stays private, goes welsh and not-for-profit or is nationalised.The guys you want to f
k right off, have already fked right off.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff