Camp X-Ray
- From: Vol 4, Issue 2 (February 2003)
- Category: Analysis
- Region: Europe
- Country: United Kingdom
- Related Companies: AWG, Northumbrian Water, Ondeo, Severn Trent Water and Yorkshire Water
Ofwat’s offering.
UK water regulator Ofwat might have hoped that the trend towards greater leverage among the private water companies was running out of steam. In the current bear market, the “fat” equity water companies (i.e. those with low levels of debt such as Severn Trent and Yorkshire Water) have performed relatively well on the stock exchange, as investors have been ...
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