If Thames water was making a profit it would not be nearly bankruptmaybe have a look at the structure.
Our governance | Governance and Legal | About Us | Thames Water
Learn more about our ownership structure, external shareholders and where to find the Company's Articles of Association.www.thameswater.co.uk
Privatised water clusterflick.
- Thread starter JohnD
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more nonsense
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And invest in a company on verge of bankruptcy is a good investment? Ok.
A risky investment with higher risk of reward or failure, fair enough. But that's not a good investment, its a risky investment.
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Guess you missed out on Tesla etc.
They made a cracking job of my new drains. Spent £80k on them too. I’m happy and I don’t begrudge them a penny of their bonus's. Well earned as far as I’m concerned.
Ad hominem
You’ve yet to explain why a company can end up in huge debt whilst paying out huge dividends…instead you keep deflecting with nonsense about company structure
I guess you didn’t realise the purpose of dividends is giving the shareholders a share of the profit when a company does well.
Tribal Tory nonsense as usual
The company is sh1t
Literally sh1t
Thames Water pumped at least 72bn litres of sewage into Thames since 2020
Exclusive: Lib Dems call for water companies to be more transparent with their data on sewage spills
www.theguardian.com
Like Brexit, I can only speak as I find and recount my personal experience (do you have any?) For me, starting with them coming out to unblock my drains at 3.00 am on Boxing Day, right up to replacing the whole lot at great expense, they have been fantastic for me as far as I’m concerned. I had new clay pipes laid but this very moment they are relining the rest of the drains my street. Fabulous service.Tribal Tory nonsense as usual
The company is sh1t
Literally sh1t
Thames Water pumped at least 72bn litres of sewage into Thames since 2020
Exclusive: Lib Dems call for water companies to be more transparent with their data on sewage spills
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You're confusing the work done by the workers with the company structure and how it's runLike Brexit, I can only speak as I find and recount my personal experience (do you have any?) For me, starting with them coming out to unblock my drains at 3.00 am on Boxing Day, right up to replacing the whole lot at great expense, they have been fantastic for me as far as I’m concerned. I had new clay pipes laid but this very moment they are relining the rest of the drains my street. Fabulous service.
No, I’m not. The company structure organised a contractor to do £80k's worth of work on my drain.
Were the drains you mention on your property or part of the public sewer system?
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Simply because it can.
A company can make zero profit and be miles away from bankruptcy. I can think of dozens.
A company can make a profit and still be on the brink of bankruptcy. e.g. Body shop
A company can issue dividends while also having huge debt. Centrica - 4.1bn debt
Lots of extremely successful and highly profitable companies do not issue dividends.
salesforce.com, Netflix, under armour, amazon, Facebook, 100s
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Think about it.
The work, and the quality of work, was that down to the guys on the ground?
The way the company is run, dividends paid out, debts accrued etc, is that those same guys, or a dfifferent set?
Both.
I’ve thought about it. The guys on the ground are subcontractors. I can’t deal with them. They can’t do anything off their own back. The 'management' has to organise, authorise and pay for it. Without them organising, authorising and paying, it wouldn’t happen.