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It's hitting a brick wall at 1788p attempting to break. But gets sold into there's 1797p next wall. Once 1790p broke usa looks good for later. Then poss 1803p Monday, so my map charting give to me. Breakfast time kippers on toast Fridays. 😋
Many thanks for that FF.
Although TBH I'm not any clearer on the maths & how it affects future income streams.
I do know though that I'm here for the long term and that this has been my most successful company in the 4 years since i invested.
Https://www.gov.uk/government/news/boost-for-offshore-wind-as-government-raises-maximum-prices-in-renewable-energy-auction.
Nelly explains here.
Am i missing something? I can't believe that the confirmation of a 66% increase in tariffs paid to us only increases the SP by 1.5%.
Does the tariff only apply to future developments or something - I'm struggling to believe an increase of this magnitude was already priced in??
How much doe a MW of gas produced electricity cost to produce?
Off shore wind per MW
was £44 p MW, govs raised to £77pmw. Great news for us hence £18.10,dropping off though, GS target £24
G
Yes.
Full list of dates and other shares can be found at www.dividendmax.com
This should help.
Price paid for offshore power to rise by 50%
https://www.bbc.co.uk/news/business-67430888
Yes
The Ex-Dividend Date Thursday January 11 2024, seems a long wayaway. Is that the norm for SSE?
I logged into the post results online presentation. The figures for the first half were ahead of expectation but what really struck me was the longer term. With both political parties committed to Net Zero and clean electricity a key part of it, SSE is in the right place at the right time and set for the next decade. They have forecast out to 2026/27 and I like the sound of an adjusted EPS CAGR of 13 - 16% over the five-year period, with dividend increase of 5 - 10% over the same period starting from 60p in the current year. They have increased their budget for Cap Ex to cover the vast investment they are making over that period which is realistic. They would not be drawn further on the profits for this year but don't be surprised if they exceed on the upside. (I saw the twinkle in the eyes as the question was answered, all depends on the type of winter we get.)
They were clear that they were interested in profitability over kilowatt production. It is not just about reaching an electricity production target but about doing so above their target ROI. (They did not bid on the latest UK offshore round because the figures were not right for them.) As a predictable earner it has a place in my portfolio. Over the long term the share price will keep pace with inflation if the dividends increase in line with, or ahead of, inflation. So to me this looks a bit like an index linked gilt with some potential on the upside. It is comfortably in my top ten largest equity holdings.
What is this?
"In the six months ended 30 September 2023, SSE's adjusted earnings per share on continuing operations was 37.0p. This compares to 41.8p for the previous year and reflects the movements in adjusted operating profit outlined in the section above, as well as the normal seasonal nature of operations that deliver the majority of annual earnings in the second half of SSE's financial year."
It is logical that the EPS is affected by the "... the movements in adjusted operating profit...", but what is worse is the final part of the explanation for the reduction in EPS.
It states "... the normal seasonal nature of operations ...", does this mean that the 4p EPS reduction is because the 1st 6 months of 2022 were in a different season? RUBBISH! Please explain the comment made, as I must be missing something.
So far so good, phew. SSE not had much luck for a while.
Hopefully we will climb today following rns which indicates beating guidance.
? are we nearly there yet?
GS have £24
This post was for SVT,,, but reading it again they still need 1 of 2 fools to come in and buy 10%
What we need is a fool from Saudia Arabia to come in and buy up 10% like that fool from Oman a few years ago
With all the fines about to hit that spinning thingy, some call it a fan. From all the excrement they put into the rivers. Haveing someone buy 10% a rights issue to pay the future fines will be spread out easier to people with deep pockets and will pay up without even reading the rights prospectus
I guess the truth of the matter with gas fuel being still 500% + for businesses this winter, the Omani's will need to put there profits somwhere other than back home in Oman, so they could buy another 10% and sit pretty knowing every glass a person in the midlands drinks they make 20% not 10%
Made up cost of both mistakes with Co-Op delayed app compensation payment .
Yesterday at 15.83p attempting to place sale marker in trade plan.
Bullish piece just out called “SSE Power-Price Upside Aids Balance Sheet, Cash-flow inflection”
I would be staying long at this level, very brave to go short now
Hi can come please provide an IRR of SSE? Any source would be useful. Even a guesstimate?