Thames water

[KS55]

And and and….haven‘t the shareholders and senior execs made a fortune?
Disgusting.

 

[urban genie]

Thames Water says it can't pay back £190m loan

Thames Water boss tells MPs it doesn't have enough money to pay back a loan due in April next year.

www.bbc.com

Looks like they want another bail put or they go into administration. What I don't understand is why the tax payer would be required to bail them out of they went bust. Surely if that occurs then the administrators ask for bids for what's left of the company. And then the UK government could if it wanted step in and make a bid. But I don't see how or why it would have to underwrite the loans made previously by the Private investors and holding company. They would just lose out.

because capitlism is a big con trick and we are in a cycle of repetative grift from a minority of the human race.

 

[urban genie]

All these are in debt and the debt is secured against the treasury(tax payers) so all could be taken back into public ownership without having to pay a penny as the shares are practically worthless atm.

the con is the shares are traded yo people like you are not buying debt, if Labour had any balls they would renationalise all once they step through number 10

 

[Churchlawtonblue]

View attachment 101269

All these are in debt and the debt is secured against the treasury(tax payers) so all could be taken back into public ownership without having to pay a penny as the shares are practically worthless atm.

the con is the shares are traded yo people like you are not buying debt, if Labour had any balls they would renationalise all once they step through number 10

The loans are backed by the UK treasury. What a con. I didn't know that.

 

[Bluesince1979]

Something on the radio recently that these water companies build in the fines they will receive for sewage leaks etc into there profit/loss accounts so the shareholders dividends arent affected

What the fucks going on

 

[Cheer Up Peter Reid]

Something on the radio recently that these water companies build in the fines they will receive for sewage leaks etc into there profit/loss accounts so the shareholders dividends arent affected

What the fucks going on

Unfortunately I suspect the truth is even worse than that.

They probably work on a business case. Releasing x gallons of untreated sewage will save us £y. The associated fine will be £z. If z is less than y, then open the sluices.

 

[tommybooth]

When did we last build a new treatment works. Never. All these new houses going into the existing system. System cannot cope. Open the gates.