Privatised water clusterflick.

[Deleted member 221031]

One side of the coin.

Not much fun for anyone who "enjoys" or waterways and beaches, with shoite being dumped into them.

In a land surrounded by water, and frequently pizz-wet-through with the stuff coming from the sky, how the privatised water companies manage to feck it quite as much as they do, beggars belief.

There’s always an issue. For what we pay I think it’s a bargain.

I’ve not long returned from Cornwall, lovely blue seas but their water bills are a lot more. Coincidence?

 

[Brigadier]

I’ve not long returned from Cornwall, lovely blue seas but their water bills are a lot more. Coincidence?

I doubt it.

The tnucs who are filling our seas and rivers with shoite are also paying themselves huge bonuses and, their shareholders, healthy dividends.

Because they can.

 

[Deleted member 221031]

I doubt it.

The tnucs who are filling our seas and rivers with shoite are also paying themselves huge bonuses and, their shareholders, healthy dividends.

Because they can.

I might buy some more shares in water then.

The 4hit has to go somewhere!

 

[Odds]

Severn Trent charges us over £700 a year, so i imagine Mr P.Nut gets his watter from t'pump in t'market place.

 

[Deleted member 221031]

Severn Trent charges us over £700 a year, so i imagine Mr P.Nut gets his watter from t'pump in t'market place.

I pay close to that.

Do you consider £700 a lot for clean water and waste removal?

 

[Odds]

Do you consider £700 a lot for clean water and waste removal?

Good q.

I'll round it down to sixty English pounds per month that i pay for the services provided by ST water. (or 100g of fine Gold Leaf baccy )
How much of that actually goes on providing me with clean water that's safe to drink? Or am i contributing to the most recent fine awarded for discharging raw sewage back into the system?

Severn Trent Water has been ordered to pay a fine of £2,072,000 for allowing huge amounts of raw sewage to discharge into the River Trent from Strongford Wastewater Treatment Works (WTW) near Stoke-on-Trent, Staffordshire, between November 2019 and February 2020.

Gov.uk

 

[Mottie]

Severn Trent charges us over £700 a year, so i imagine Mr P.Nut gets his watter from t'pump in t'market place.

Are you on a water meter? Two years ago we weren’t and we were paying £65 a month. Now we are on one and it has just gone UP to £46 per month. Feck knows what it would be now if it were based on the old rates system.

Last year when our drains collapsed we got over £200 back plus they laid new drains from our house to the sewer which took 6 weeks and cost around £80k. I don’t think I do too bad out of Thames water (for sewerage) and Essex and Suffolk water (for supply).

 

[Odds]

Are you on a water meter?

Nope.

 

[carmanmemoranda]

Good q.

I'll round it down to sixty English pounds per month that i pay for the services provided by ST water. (or 100g of fine Gold Leaf baccy )
How much of that actually goes on providing me with clean water that's safe to drink? Or am i contributing to the most recent fine awarded for discharging raw sewage back into the system?

Severn Trent Water has been ordered to pay a fine of £2,072,000 for allowing huge amounts of raw sewage to discharge into the River Trent from Strongford Wastewater Treatment Works (WTW) near Stoke-on-Trent, Staffordshire, between November 2019 and February 2020.

Gov.uk

And dividends for this standard of management

 

[Mottie]

Are you on a water meter?

Nope.

Any reason why?

 

[Odds]

And dividends for this standard of management

Within the selected time frame of the last 10 years, capital gains of Severn Trent were 34.9%, which equals an annual yield of 3%. Severn Trent reached its all-time high 23 months ago on 06.04.2022 at a price of 32.11 GBP. Today the stock price trades 22.3% lower at 24.96 GBP.

Additionally, Severn Trent paid 20 dividends over the last 10 years. Including dividends, the total return of Severn Trent increases to 85.3% and the annual yield grows from 3% to 6.4%. The total return is composed of 40.9% capital gains and 59.1% dividends.
https://dividendstocks.cash/
dividend stocks cash.

They do all right.

 

[Odds]

Any reason why?

Nope.

 

[carmanmemoranda]

Paying dividends (which should be based on profit and good perfornance) and going bust at the same time

 

[Mottie]

Nope.

Just laziness then. Fair enough - I was the same for years until I spent a couple of minutes online. Glad I did.

 

[carmanmemoranda]

Are you on a water meter? Two years ago we weren’t and we were paying £65 a month. Now we are on one and it has just gone UP to £46 per month. Feck knows what it would be now if it were based on the old rates system.

Last year when our drains collapsed we got over £200 back plus they laid new drains from our house to the sewer which took 6 weeks and cost around £80k. I don’t think I do too bad out of Thames water (for sewerage) and Essex and Suffolk water (for supply).

Do you think by paying less than not having a meter you're only paying for the water and not their dividend rewards and the fines ?