Kelda Group(KEL)

Sector:

Gas, Water & Multiutilities

Market Cap

£3,003.34m

Change Today

0.000p

Share Price

1,089.00p

Kelda agrees £3bn consortium bid

Date: Monday 26 Nov 2007

LONDON (ShareCast) - Water firm Kelda has today agreed terms of a recommended offer worth more than £3bn from a consortium that includes banking giant HSBC.

Newly incorporated Saltaire Water, whose other members are Citigroup unit Citi Infrastructure Investors, GIC Special Investments and Infracapital Partners, has offered 1,090p in cash per share plus the right to a 10.65p interim dividend.

The deal, valued at £3.035.5bn, or 1,100.65p per share, represents a 17.5% premium to last Wednesday’s closing price, the day before Kelda said it was in bid talks.

Kelda brought forward its interim results from Wednesday, reporting a profit before tax from continuing operations for the six months ended 30 September of £125.6m, up from £120.2m a year ago.

Revenue from continuing operations, excluding associates, was £434.9m, of which Yorkshire Water's regulated business contributed 90%.

The firm said its exit from the US is now substantially complete.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kelda Group Market Data

Currency UK Pounds
Share Price 1,089.00p  
Change Today 0.000p
52 Week High 0.000
52 Week Low 0.000
Volume 0
Shares Issued 275.79m
Market Cap £3,003.34m
RiskGrade 4

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
84.58% below the market average84.58% below the market average84.58% below the market average84.58% below the market average84.58% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Income Not Available
Growth
61.8% below the market average61.8% below the market average61.8% below the market average61.8% below the market average61.8% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Chg 6m
71.90% above the market average71.90% above the market average71.90% above the market average71.90% above the market average71.90% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
P/E
53.54% below the market average53.54% below the market average53.54% below the market average53.54% below the market average53.54% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
PEG
73.88% below the market average73.88% below the market average73.88% below the market average73.88% below the market average73.88% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Dividend Yield Not Available
EPS Growth
14.03% below the market average14.03% below the market average14.03% below the market average14.03% below the market average14.03% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Operating Margin
63.64% above the market average63.64% above the market average63.64% above the market average63.64% above the market average63.64% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average

Kelda Group Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-07 18-Jun-07
Paid 04-Jan-08 31-Aug-07
Amount 10.65p 23.00p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

Kelda Group Key Personnel

Chair John Napier
CEO Kevin Whiteman
Finance Director Martin Towers

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