Thames Water- Finished?

[glazbagun]

https://www.bbc.co.uk/news/business-67696645

Good old private sector, eh? From what I remember those responsible for the debts got out while the going was good, but I can't see any reason not to let them go to the wall.

[glazbagun]

https://twitter.com/theboysmithy/status/1750492453...



Reservoir creation appears to have promptly stopped after privatisation.

[glazbagun]

https://www.bbc.co.uk/news/business-68682198

Investors won't invest £4BN unless regulator raises price cap.

[glazbagun]

CraigyMc said:

I've highlighted the part that is inaccurate. The current shareholders have not done this.
The guys you want to fk right off, have already fked right off.

They have, but the value of your investment can go down as well as up. Current shareholders should have done their due diligence. If they don't want to pay then they can go bust.

Of course I'm all for finding the guys who signed off ye olde debt/ dividends and granting them 200 hrs community service in the Ukrainian front lines though if possible. But really the regulators should have stepped in before it was even an option.