Survey reveals investor dismay in the UK
- From: Vol 10, Issue 10 (October 2009)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Ofwat
A new survey on behalf of Water UK has revealed the extent of investors’ dissatisfaction with Ofwat’s draft determinations. Many have already voted with their feet.
A survey published in September by strategy consultants Indepen has found that three quarters of equity investors “would not invest again” in the UK water sector, following Ofwat’s aggressive draft determination in July.
The fact that £450 million was wiped off the valuations of the four remaining publicly quoted water utility stocks when the DDs were published amply demonstrates ...
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