The self-employed commonly have very lumpy income streams plus periods of feast and famine. Their lack of income security means…
This particular question wasn’t asked or answered but Oliver was very clear that the launch is only the start. The…
Priest Alaska brought back the woman I love after another man nearly destroyed our marriage. My wife’s personality had changed…
Priest Alaska brought back the woman I love after another man nearly destroyed our marriage. My wife’s personality had changed…
Tag Archives: Thames Water
A simple explanation of the value of Thames Water
There are lots of clever dicks valuing private assets but not many clever enough to explain complicated things in a way simple enough for me to understand. Frederic Blanc-Brude is such a clever (person). He’s written an excellent article in … Continue reading
The Thames Water Pension Schemes – two lights in the darkness
We all know the Water Works, it’s the boring investment you make that yields you steady income, especially if you have a monopoly on utilities. Except that is , when the Water Works is mortgaged. Then it yields you nothing … Continue reading
Prem Sikka – “Let Thames Water go bust”
There are many, not just on the left wing of politics, who see the ownership of Thames Water as too much of a task for its 9 shareholders. Ironically, a large proportion of these shares are owned by pension funds, … Continue reading
Thames Water – a punchy and pun-free assessment for its pensioners.
An annoying feature of almost every report on Thames Water is the intentional puns on “liquidity” and many derivatives of the “fluidity” of the situation. Actually – these jokes are both tiresome and annoying so I’m going to try … Continue reading
Can’t pensions clean our water and clear our waterways?
Water is everywhere, as I write the Thames is flowing fast down to Romney Weir and beyond. Yesterday as we walked to Arbor Park, we passed the terminus of the Slough extension of the Grand Union Canal, the water in … Continue reading
Posted in pensions
Tagged Canal and River Trust, Chris Weston, Edi Truell, Pensions, Richard Parry, Thames Water
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Money USS could lose – lessons it must learn
While USS has written down £600m from the value of its investment in Thames Water, we should not be over-worried about the future of USS the pension fund or the pensions it pays to its members. These things happen and … Continue reading
Thames Water: What Could Investors Have Known Beforehand?
Published on the day the FT broke the story that USS had written down £600m of its investment in Thames Water, EDHEC point to what went wrong and how it could have been avoided by better analysis of available data. … Continue reading
USS comes clean about its Thames Water holdings.
Interim Co-CEOs, Cathryn Ross and Alastair Cochran told the market in September “Turning around Thames will take time. We simply cannot do everything that our customers and stakeholders wish to see at a pace and for a price that … Continue reading
Thames Water – spinning out of control – Con Keating on its 2022 accounts
Thames Water published its 2022/23 reports today. You can access them here. These are some initial thoughts, from a first reading of the annual report, published this morning. The co-CEO of Thames Water was interviewed on this morning’s … Continue reading
Thames Water: Thin Capitalisation and the Credit Risk of Indexed Linked Corporate Debt
GUEST BLOG FROM WARWICK LIGHTFOOT Thames Water’s challenges reflect over use of debt and leverage, the retreat from public markets to private equity and the huge credit risk of indexed linked debt in the private sector. In a paper prepared … Continue reading
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