As a comment on the tv, it surprised me.
Sewage polluters should worry....
- Thread starter JohnD
- Start date
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Do you honestly think anyone voting Reform gives a shiny shoite?
Yes, the military types who go for farridge.
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The dividends to the share holder have to meet market needs to retain their value. On things like water they can be seen as relatively low as pretty risk free.
They can sell new shares to get money usually at a discounted price but it has it's complications. Generally improvements are made via debt which means prices go up. Payback time can be very very long going on Seven Trents books but they have a range of times on a number of debts.
So buy all of the shares and take on the debt. However improvements still cost and are likely to be funded by debt to avoid having dead doing nothing money lying around. At one point British Steel wouldn't invest in its business but would lend. Also some companies did get into share dealing as well as their usual business.
How ever didn't I see an idea from Labour. A sovereign wealth fund?When Wilko went bust, somebody bought some of the shop premises from the Administrator.So buy all of the shares and take on the debt. However improvements still cost and are likely to be funded by debt to avoid having dead doing nothing money lying around. At one point British Steel wouldn't invest in its business but would lend. Also some companies did get into share dealing as well as their usual business.
Buying assets does not mean you take on the debt.
Is there a lot of demand for sewers?
But
So what happens in a bankruptcy? The debts don't just vanish. Adminstrators are appointed, and they have one goal: to pay as much back to the creditors as possible. How they achieve this depends, but we accept that the creditors won't get paid in full because there is no more money. If the administrators can find someone to take on the company and pay off the debts, that is all well and good. But there is no guarantee that such a person can be found, and the administrators have a single purpose, to maximise the money that the creditors get back. If selling the company as an ongoing concern means that the creditors get £5billion, whereas liquidating the company means the creditors get £6billion, then the company gets liquidated. The administrators have no responsibility to maintain a service, nor prevent job losses or prevent death from thirst and disease, their only purpose is to maximise the money that creditors get back.
Also pass on water but gov may help companies get low rate loans - now I wonder how they do that. Thatcher was certainly into that when electricity started using gas for generation. It was reported in the Times. No details how though. Back it - I wonder.
No, it's actually to make as much money for themselves, with the least effort and in the least time.
We'd be in a hell of a mess without them. I'd also regard them as a massive liability, certainly not assets. Many are in poor condition due to Hydrogen Sulfide attack, there is a constant issue with misuse, whilst the demands placed on them is continually rising, with climate change and population increase.
All very well shouting for the water Industry to be taken back into Public Ownership, I think it was rather a clever idea to offload it, (and the associated Liabilities) to the Private Sector in the first place, the problem has largely been, too much money has been taken out and not enough re invested, however Welsh Water/Dyr Cymru operates on a 'not for profit' model and their record is no better than anyone elses.
Bottom line remains, there is no easy fix. It does need to be noted that 'Raw Sewage' is only discharged on rare occasions, and usually that's due to a fault with the infrastructure and/or abuse of the network. Storm overflows are a different situation, what is discharged is heavily diluted, and if there wasn't so much rubbish put down the drains, most would be hardly noticeable, as the watercourse would already be surcharged with surface water running off the roads. (Which will contains oil, rubbish, cigarette butts, and anything else that's been washed down the road gullies...)
A lot of work is going on behind the scenes to provide additional capacity for storm flows, increase treatment capacity and standards at many sites, but without separating every single combined sewer in the land, which would be the biggest Civil Engineering project the Country has ever seen, you are never going to stop Storm Overflows.
I think not.
And you can make that judgement on what basis?
"In 2023, there were a total of 464,056 sewage discharges into English rivers, waterways, and seas, averaging 1,271 sewage spills per day. This amounted to a staggering 3.6 million hours (about 410 and a half years) of sewage spills into English waterways over the course of the year.
When we include EDM data from Wales, Scotland and Northern Ireland, there was a total of 584,001 spills in 2023. This is a 42% increase from 411,927 sewage spills in 2020."
Record £90m fine for Southern Water following EA prosecution
Southern Water sentenced to pay record £90 million in fines for widespread pollution after pleading guilty to 6,971 unpermitted sewage discharges.
Stream polluted by “negligent” Southern Water
2,000 fish die as double pump failure diverts sewage across fields into watercourse.
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