Things at #ThamesWater are about to get ugly.
TW formed a shell company to raise money & avoid tapping shareholders.
But that shell co. borrowed the money (we now know) & needs (internal) dividends to to service the debt.
But, #OFWAT is not allowing TW to pay dividends due to TW's financial & regulatory crisis....
so, TW now wants to raise charges, pay dividends & pay only reduced fines.
So in the end it may be cheaper to 'nationalise' TW.
Shareholders & others are ringing their #lawyers!
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-02-27 22:25:19
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-02-27 22:25:19Event JSON
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"content": "Things at #ThamesWater are about to get ugly.\n\nTW formed a shell company to raise money \u0026 avoid tapping shareholders.\n\nBut that shell co. borrowed the money (we now know) \u0026 needs (internal) dividends to to service the debt.\n\nBut, #OFWAT is not allowing TW to pay dividends due to TW's financial \u0026 regulatory crisis....\n\nso, TW now wants to raise charges, pay dividends \u0026 pay only reduced fines.\n\nSo in the end it may be cheaper to 'nationalise' TW.\n\nShareholders \u0026 others are ringing their #lawyers!",
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