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#AST: Board changes and new strategy for Ascent as Hutchinson looks at new projects
EXCLUSIVE: Petro Matad announce fully funded 4 well Mongolia campaign




Share Price Information for Drax (DRX)


Share Price: 402.60Bid: 400.60Ask: 401.20Change: -11.20 (-2.71%)Faller - Drax
Spread: 0.60Spread as %: 0.15%Open: 410.60High: 412.60Low: 400.00Yesterday’s Close: 413.80

Drax Group Plc Ord 11 16/29P

Drax is listed in the FTSE 250, FTSE All-Share, FTSE 350, FTSE 350 High Yield
Drax is part of the Electricity Generation and Distribution sector






Share Price SpacerPrice
402.60
Share Price SpacerBid
400.60
Share Price SpacerAsk
401.20
Share Price SpacerChange
-2.71%-11.20
Share Price SpacerVolume
770,682
Share Price SpacerOpen
410.60
Share Price SpacerHigh
412.60
Share Price SpacerLow
400.00
Share Price SpacerClose
413.80
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 393.40m £1,583.81m 5,000

52 Week High 432.40 52 Week High Date 13-NOV-2018
52 Week Low 218.00 52 Week Low Date 13-FEB-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
1,048 258,076 506,476 -10.823 -37.20 5.30 1.32


London South East Users info for Drax




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

21-Jan-19
17:50:30
401.392
2,701
Buy* 
400.60
401.20
10.84k
Trade Type:
Ordinary

21-Jan-19
17:36:34
403.57
84,349
Buy* 
400.60
401.20
340.41k
Trade Type:
Ordinary

21-Jan-19
17:36:00
401.936
6,146
Buy* 
400.60
401.20
24.70k
Trade Type:
Ordinary




View more Drax trades >>

Directors Deals for Drax (DRX)
Trade DateActionNotifierPriceCurrencyAmountHolding
21-Dec-18Sell
Trade Notifier Information for Drax Group
David Nussbaum held the position of Independent Non-Executive Director at Drax Group at the time of this trade.
 David Nussbaum
358.1GBX7,5000
21-Dec-18Buy
Trade Notifier Information for Drax Group
Will Gardiner held the position of CEO at Drax Group at the time of this trade.
 Will Gardiner
359GBX55,710144488
26-Sep-17Buy
Trade Notifier Information for Drax Group
Andy Koss held the position of CEO at Drax Group at the time of this trade.
 Andy Koss
307.45GBX15,00052113
View more Drax directors dealings >>


mattw007
Posts: 22
Opinion:No Opinion
Price:393.00
RE: Can Anyone Enlighten Me?
14 Jan '19
As TuftedDuck explained, Drax's strategy has diversified, evolving into providing renewable power as well as flexibility to the Grid through what is known as ancillary services i.e. Having the ability to respond to the Grid when the wind isn't blowing and the sun isn't shining and getting paid more for the privilege. Will G made a statement recently that even if 85% of capacity in the future is wind and solar, the other 15% will need to come from more flexible sources. Drax is targeting that 15% of the market (or a good chunk of it) and will be much cheaper than batteries/storage for a long, long time. If they can make progress on the BECCS project, they could become the first carbon negative power station in the world. Exciting times!
BlockchainJane
Posts: 5
Opinion:No Opinion
Price:390.40
RE: Can Anyone Enlighten Me?
11 Jan '19
Thank-you for your comments. I do feel more enlightened :0)
TuftedDuck
Posts: 9
Opinion:No Opinion
Price:390.40
RE: Can Anyone Enlighten Me?
11 Jan '19
Hi Jane, there is no external processing on energy involved in any form of electricity generation. Electricity is generated and passes into the grid system. The press release bigs up the flexible capabilities of Shoreham. It is able to start-up, shutdown and change load to order. A fully interconnected grid system needs flexible plant to allow the grid operator to balance the system. Output from wind and solar increases and decreases as the wind blows or the sun shines, although they can be controlled to a certain extent, turning them down is foregoing "free" power. Nuclear output in this country is never reduced - these units will always generate at the max capability. Prior to the introduction of wind and solar, nukes were the only inflexible units on the system and there was always plenty of flexible plant (coal, oil, gas) for the system operator to call on to balance the system. These days flexibility is a premium "product"
BlockchainJane
Posts: 5
Opinion:No Opinion
Price:390.60
RE: Can Anyone Enlighten Me?
11 Jan '19
I thought the Shoreham facility was involved in processing the energy from the wind farm as well? It is assumption but with the direction of renewable energies (and the amount of wind powered energy being created from the HUGE farm off the coast) this acquisition was a part of their strategy to have a mix of energy sources and overall I thought a good direction for the company (i.e. increase capacity, move away from coal etc)

https://www.drax.com/press_release/drax-acquires-shoreham-power-station-part-702m-power-deal/
effix03
Posts: 39
Opinion:No Opinion
Price:387.00
RE: Can Anyone Enlighten Me?
10 Jan '19
You rightly mentioned ECJ intervention regarding capacity payments but, for whatever reason, ignored the heavy seller that has been depressing share price for the last 2 months. Schroders sold close to 20 mln shares and it's probably not over yet.
View more share chat for Drax (DRX) >>







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