There is no honest reason for Severn Trent to do this. If its "explanation" held water, then it would feel no such need.
Watch Panorama here. And demand the abolition of the useless, captured Ofwat. Followed by renationalisation.
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No compensation, they should be compensating us.
ReplyDeleteThose shares are worth what anyone else would now pay for them. How much is that? More broadly, since dividends are supposed to reward investment, then they should be limited by the Statute Law to the Bank Rate plus risk on the capital provided by the original share issue, with customers awarded shares for all capital converted from their payments.
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