| ▲ | patanegra 4 days ago | |
My provider of water is Thames Water. In the past 10 years, they did cumulative turnover £18,107 turnover, and profit -£1,180. So they in fact operate with a negative margin -6.52%. In the UK, owning a utility company is nothing easy. Shareholders are definitely not stuffing their pockets. The biggest owner is Ontario pension fund (32%). I guess, poor retired Canadians are not very happy about this investment. So I would say, your framing sounds interesting, until one digs deeper into facts. | ||
| ▲ | joncrocks 4 days ago | parent [-] | |
I think that this might be some useful context. https://www.theguardian.com/business/2023/jun/30/in-charts-h... Overall the debt held by the company has ballooned since the 90s, meanwhile large dividend payments went out to shareholders. This appears to be extraction of value out of Thames Water (TW). It's hard to see those graphs and then take TW seriously when they complain they need money for investment. | ||