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Hit on it's ugly head again. hahahaha. Exactly as I said. What a windfall!!
https://www.reuters.com/business/energy/drax-shares-tumble-after-britain-rejects-carbon-capture-project-2023-03-30/ Only reason I can see itâs shifted the other way. Wonder if will threatened to take the tech elsewhere. Wonder if anyone took a punt this morning and got a 10% plus return. Not bad for a few hours work
Share price is up now.
Where is Effix?
I am not happy at todayâs communication.
I find it hard to believe they didnât get advance notice that the government was going to make its announcement today.
The RNS should have been released before the market opened.
All I had to go on was the shrieking people on Twitter who canât stand Drax anyway.
All
In all - seems like much ado about nothing wrt yesterday but this kind of trading action gives the market a bad name.
A pertinent line from RNS:
" Biomass is the only large-scale source of dispatchable, renewable electricity and Drax power station in Yorkshire is the largest provider of secure supply in the UK's electricity system. Its renewable biomass generation provides 2.6GW of electricity, representing 4% of the UK's dispatchable capacity and supplies millions of homes and businesses with dispatchable, reliable power."
When converting to Biomass, Drax put in a lot of work to ensure it maintained the ability to change reliably change load at a reasonable rate and provide frequency response and other ancillary services. As the remaining coal plants, and eventually CCGTs shut down, these services become more and more important. Even now, it is rare that the ESO allows all units at Drax to shutdown.
https://www.lse.co.uk/rns/DRX/formal-discussions-with-uk-gov-on-power-beccs-d9bp9cnx1v56aty.html
Looks like it was a bit of an over-reaction by the market. This sounds like more positive news might be around the corner. As you say Jensen... the UK Government better get its ass into gear
Even with the clarification RNS, I'm not sure there's much of a case for optimism. It's all pushed back into the 2030s now so there's a long time to wait.
Just filtered this idiot out. Do the same if his posts irritate you Give these dummies less air time and they will go away, (hopefully)
Looking through the powering up Britain report itâs non comital on Beccs. Wouldnât be surprised if Drax take the Americans up on their offer and faze out the uk bio station.
Adverse decision on carbon capture! Capt Birdseye!!!
Not ex-dividend and no RNS! Any ideas?
Below value but taking a hammering, my last comment didnât age well. Thoughts on why this is, big profits good outlook likely get the subs required for Beccs, developing American market?
Both coal units on load this morning.
https://www.yorkshirepost.co.uk/news/politics/hunt-to-announce-ps20-billion-in-green-energy-investment-4060103
Effix Seems to me drax has govt over a barrel, canât see this going anywhere but up. They are already established in America. Wouldnât be surprised if the shares surpass 7 this week and well beyond that will
Good night bag holder. Donât forget to âbuy on the weaknessâ -)
More likely 700 than the 300 you need.
The only thing pathetic on here is you I'm afraid.
But donât worry guys. You can see even 700p in two years time, hahaha
Not a dog's chance for a re-rating. Lights are out for this dud. Short profits to soar!
Another miserable week for this weakling. Lower and lower by the day. Love it!
High risk. OK if you are a gambler but not for the serious investor.
Wood group's hydrogen partner Eqtec share price starting to move..
https://www.proactiveinvestors.co.uk/companies/news/986283/eqtec-partners-with-wood-for-waste-to-hydrogen-solution-at-southport-project-986283.html
Dummy quotes,
0.265p for 3m, 0.289p for 4m
Current share price 0.26p (market cap ÂŁ24m)
Pipeline could be over ÂŁ2billion
2023 forecast revenue âŹ39m
12m volume today, hardly any sells.
Average price target of two brokers = 2.596p (938% increase on today's price). Top price I believe is Arden with a 3.7p price target.
https://ibb.co/TtyQJkL
Here is a longspur research note from Feb 2023. There mid price target is 3.2p with high price around 5p
https://ibb.co/g4V01tX
Not much going for eqtec? The research companies think they are under 10% of fair value
You mean Andy 'the bag holder' Skelton?
And the market is following these directors, right? -)
Feeling sorry for Effix who has stated on more than one occasion that he has a short position with a target of 450p and yet company directors are buying shed loads this week at over 630p. Effix is bound to lose a fortune.
So, good results, HSE case dropped, green agenda will continue here and the USA, and to top it all off 125k director buy today, from a driector who has timed all his previous buys and sells correctly. Great news, this strange guy in the mud. Something in the offing at Drax!