|Bid||6.01 x 900|
|Ask||9.10 x 2900|
|Day's range||5.96 - 6.50|
|52-week range||5.40 - 13.70|
|Beta (5Y monthly)||0.60|
|PE ratio (TTM)||4.81|
|Earnings date||13 May 2019|
|Forward dividend & yield||0.16 (2.69%)|
|Ex-dividend date||26 Jun 2019|
|1y target est||N/A|
To the annoyance of some shareholders, Servotronics (NYSEMKT:SVT) shares are down a considerable 22% in the last...
To the annoyance of some shareholders, Servotronics (NYSEMKT:SVT) shares are down a considerable in the last month...
Servotronics (NYSEMKT:SVT) shares have retraced a considerable in the last month. The recent drop has obliterated the...
Today we'll look at Servotronics, Inc. (NYSEMKT:SVT) and reflect on its potential as an investment. Specifically...
China's Communist Party newspaper warned on Wednesday that Beijing was ready to use its dominance in rare earths to strike back against the United States in their increasingly bitter trade dispute. London's listed mining companies, focused on conventional industrial metals and a large part of the blue-chip index, slipped 2% on its worst day in nearly three months amid worries about the trade war's effect on global demand. Asia-exposed banks HSBC and Standard Chartered were also hit, while oil majors BP and Shell also dragged down the main index as crude prices sank 2%.
Thames Water, one of the largest UK water companies, said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190524:nRSX1977Aa on Friday its Chief Executive Officer Steve Robertson had stepped down by mutual agreement. The company said it would appoint Ian Marchant as executive chairman while it looked for a new CEO.
United Utilities reported a rise in annual earnings on Thursday and was the second UK regional water provider this week to warn that the possibility of renationalisation under a future Labour government was a key area of uncertainty. Although a UK election is not due until 2022, and opinion polls show the opposition party falling far short of a majority, its proposals to offer shareholders less than half the current market value of utilities under a future re-nationalisation shook share values earlier this month.
British utility stocks are trading at a growing discount to euro zone peers as investors fear the country's deepening political crisis could trigger a general election that ushers in renationalisation of the industry, worth $76 billion. The opposition Labour Party has said it wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's Conservatives from power, reversing decades of pro-privatisation policies. Simon Webber, lead portfolio manager on the global and international equities team at Schroders said those fears were "another overhang" for utilities, already subject to a discount like other UK assets because of Brexit uncertainty.
* Chipmakers gain after U.S. eases some Huawei restrictions * European stocks up 0.4 to 1.1% * Norsk Hydro climbs 6% on Alunorte embargo lift * Sonova hits record high after results * Telecom Italia up ...
A re-nationalisation of the UK water industry could raise customer bills and lower investment, Severn Trent said on Tuesday, as utility companies laid the ground for a potential fight with a future Labour government. Although a UK election is not due until 2022, and opinion polls show the main opposition party falling far short of a majority, Labour laid out plans this month to offer shareholders around half the current market value of the country's utilities under a future re-nationalisation. The head of Britain's National Grid has already criticised Labour's plans to renationalise energy networks, warning of high costs to taxpayers and a slower transition to green energy.
A future Labour government would offer shareholders in British water utilities a total of 20 billion pounds ($26 billion) in a nationalisation programme, compared with a current market value of around 44 billion pounds, the Sunday Times newspaper said. Citing extracts from an internal Labour Party briefing document, the newspaper said Labour only intended to compensate shareholders for investment already put into the utilities, and not for the loss of future profits. "Shareholder investment on the books of UK water and sewerage companies is less than 20 billion pounds," the newspaper quoted the document as saying.
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Fears of a global economic slowdown and uncertainty over trade policies kept Britain's main share index subdued as miners were tugged lower, but UK-focused stocks rallied after a second Brexit delay as ...
Britain's water industry regulator said on Thursday it agreed reductions in bills of between 5 percent and 15 percent with three of the country's main utilities in its draft approvals of their pricing and investment plans for the next five years. Shares in FTSE 100-listed Severn Trent and United Utilities lost 1.3 percent and 1.1 percent respectively after the announcements, while those in South West Water-owner Pennon Group fell around 1 percent. In a statement published on Thursday, Ofwat said Severn Trent would cut annual bills by an average of 4.7 percent or 16 pounds over the five year period.
Britain's FTSE 100 lost ground as the U.S. and European Union exchanged tariff threats, the IMF cut global growth forecasts and oil majors slipped after Russia signalled an output boost, while investors awaited fresh Brexit updates. The FTSE 250 slid by the same amount.
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** JP Morgan cuts Pennon Group to "neutral", saying that the risk/reward is now fairly balanced after a ...
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