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Good rns today, futures looking good, strategy on course, weather had effect but q2 states no change in out look earning £1.50 p/s.
Hold accumulates my plan.
Happy days
Looking good for 18p rise today we divi coming up surprised it's this low,
Great £24 JPMorgan target, certainly got £19.20, once October's out way, playboys be back after st ledger day, October's worst month for shares, that's my nxt big buy. Save some powder.
"My own interpretation of my charting only. "
My general plan was to sell after the 27th (exdiv date) at a price of about 1850 if I could get it sometime over the following months. If it looks to be a generally rising market then I would probably split the holding and sell it in two tranches.
As I bought them a long time back at an average price of 1482 I don't need to be too greedy in trying to find the peak. (with dividends an annual rate of return of 8.17% ... not including the coming div and anything I can get over the present 1700-1800 price)
In away I'll be sad to see them go, but they just don't match my investment profile anymore :(
Mike
Jp organs £24 target, and one of there top 5 recommended blue chips, maybe hang tight for run up to divi in a few weeks.
I'm a long, long, term dividend investor ... and reviewing my stuff today ... the 60p rebase for 23/24 (current year) caught my eye.
As the current dividend is 96.7p for the year, that seems to me to be an effective cut of 38% ... it's almost as though every time the dividend reaches 95p the company is cutting it ... last time it was to 80p, this time it's to 60p!
I suppose the obvious question is, first have I read that right?
And second one, which only I can answer I suppose, given the rebase to 80p that happened in 2020 is it time for me to move on?
Mike
Hi Clued,
"5% div is hardly extortionate.".
Don't forget, though, that the SSE dividend is being rebased for the year we're now in, to 60p total for the year.
At the current share price of about £17-30, that's a yield of just c 3.46%.
All the best, Mike.
Jlovie, hope not !! 5% div is hardly extortionate. Respectable above FTSE avg yes. Wonder if OFGEM mgt understand why people invest at all ?!! And Hunt surely wants taxes from div income ?!
Ouch water service stocks took a beating, sse overdone imv, but I've been buying chased down my cost average. The whole markets took a beating, some bargains to be had via good paying divis.
Don't thinks any country can fight markets at min to many things inflation, world interest rates China Ukraine, all I'm doing is adding lows for betters pal.
I wonder if it's anything to do with OFGEM warning energy suppliers off paying big dividends.
Falconer, has dipped a lot more since you added. Does anyone know reason for its large drop from mid 1800's please ? Maybe the fall in Bond prices which SSE holds as part of its hedging ? Analyst Ratings have healthy price targets, the div is very respectable and solid and SSE is very ESG.... I'm a Strong Holder and will buy more if drops much more.
Been a cash cow for me, great divi what's not to like,. Added £££s yesterday n dip this morning.
Zzzz91
1. Most likely
2. No
3. A personal preference. The rate is going to be just over 3% if you buy. The ongoing rate will depend on what you paid and if you think things are looking OK going forward. I suspect some will sell as it might be too low.
If the company can grow and increase dividends as planned others might accept the hit and reduction in dividend income.
Those that need that income could move to other green energy companies such as Trig or Ukw
The divi is being re-based to save money to invest in green infrastructure projects.
Whilst this is a hit for income seekers, it increases future earnings, and thus higher divis.
If a business does not invest any profits in itself, it will just be left in the dust.
See most other FTSE stalwarts that didnt know what to do with their cash and are paying divis but destroying capital.
Does the rebase simply mean reduced divis gradually rising again over years?
To we get extra shares to compensate?
Is this still a hold for income seekers?
67.7p final divi, better than the market forecast!
I'll drip buy on overall market/sector weakness.
gla
Confirmed rebase is looking a bit mean given the stellar results. Great justification as 'profit with a purpose'.
Final result's on Wednesday 24th.
Please!!!!! No buybacks 🙏
Cash in the hand is worth more than (none organic growth) increased EPS .
Most of my PF has buybacks...sigh
gla
This is very very old news driftking.
Read an article by Barclays and also another by Citi, saying dividend could and may well. be rebased to 60p for 2023 to help finance future renewable projects.
That means after the EPS increasing, we’re losing out again.
Though, i suppose any company that pays out income at anywhere near 6% it’s always going to be under scrutiny:-(
So 60p would imply a dividend yield near 3.5%
Why no discussion since April?
HopeGreedNothing, SSE and others should not manipulate prices like in that Bloomberg investigation, it's ethically wrong even if ok UK legally
Good news today and maybe more to come this afternoon.
The UK government condemned tactics by power traders that the energy regulator says pushes up prices for consumers.
An investigation by Bloomberg News on Thursday exposed tactics by power traders who say they’re stopping plants from generating before keeping them running at a higher price. The maneuver, which has racked up £525 million ($647 million) in recent years and is paid for by consumers, is often used on days when there’s limited supply available to the grid operator.
“The regulator Ofgem is aware of this concerning behavior from a handful of participants involved and is urgently looking into it further,” Jamie Davies, a spokesman for Prime Minister Rishi Sunak, told reporters on Thursday. “It’s critical that at all times consumers pay a fair price for their energy. So this practice is clearly completely unacceptable.”
Read more: Traders ‘Manipulating’ Power Market Means Higher Bills in the UK
Companies involved in the practice include Vitol Group’s power unit, Uniper SE and SSE Plc. The practice currently doesn’t break any market rules, and there’s no suggestion the companies have broken the law. However, regulator Ofgem is trying to change the rules to stop traders charging excessive prices during times they said they wouldn’t previously be available.
Most firms featured in Bloomberg News report provided brief statements in response to questions, saying they comply with regulations.
Lawmakers on the parliamentary committee that oversees energy policy also criticized the practice that coincides with a historic energy crisis for the country, which has already driven consumer bills to record highs.
“That energy trading companies take advantage of this situation in pursuit of profit is morally wrong and should be unlawful,” Alexander Stafford, a Conservative member of the committee, said in an emailed statement.
“The profiteering of companies taking advantage of consumers during the cost of living crisis is a national scandal which for one reason or another still doesn’t get the attention it deserves,” said Ian Lavery, a Labour member of the same committee, by email. “This is an eye-opening story of just how widespread these practices are in the country today and just how easily they can get away with it.”
Consumer-advocacy groups have also called for more attention on those hit by soaring energy bills.
“Every time people suffering in cold damp homes use energy, they are the victims of a complex and deeply flawed market which puts profits ahead of giving people access to the energy they need,” said Simon Francis, coordinator of the End Fuel Poverty Coalition.