Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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bobf, agreed !! Is Labour suggesting nationalisation of SSE, NG., UU, ST, etc..., haven't listened to their bull**** ?? If they have, what would they use to pay for them, maybe sell NI to Irish Republic ?
jlovie, Gen Elecs are years away and Govt would have to pay market value for SSE to nationalise it anyway. Labour criticising higher UK debt so how would they fund purchase of SSE and many other utilities ? I'll want at least £20 p/sh for mine !! The sp drop here is ridiculous.
I work in this industry its best left where it is.
I’m sure Keir Stamer has just said on the BBC he has given up the idea of Nationalising Energy companies. An that he now plans start a new National Gov run energy company that could be up and running by 2030.
How does SSE compare with state run organisations like the NHS etc?
It is an industry that should be nationalised, massive inefficiencies in the current system.
Precisely the opposite of what Starmer said, which was why buy someone else’s company when you can start your own. Plenty of wind to go around.
Just catching up on the news, this'll be the problem.
"Labour plans publicly owned renewable energy giant"
Maybe it's because c5% yield isn't so attractive in the coming high interest period.
Maybe the prospect of a Labour govt. & nationalisation?
Mrmarket, Nope !! Guess their update spooked some bots..40p p/sh H1 with Wind Energy down 13% due to weather (not enough wind), SSE maintains FY Forecast of 120p p/sh though..
Bought some more at 1562.35p maybe premature but SSE is solid and well in the Renewables space.
What’s happening here? Gl
Any Interactive Investor Clients out there like me who use their App and/or Website to trade and review Daily Movements, etc... ?? Have you noticed the Closing Daily Movements' figures and %'s, as fed to ii by Morningstar, are wrong ? BP for example shows down c 10.5p today !! If only !!
I've complained and complained to ii but they cannot give any timetable for correcting this basic error, obviously afraid to upset the mighty US Morningstar who ii pay for this shoddy service !! Amazingly they hadn't noticed this error themselves until I complained !!
Can you fellow ii clients also complain please because high numbers will get this basic kindergarten error corrected sooner.
It’s a bit all over the place atm. Nearly jumped back in at £16.98 yday am, then headed up to £17.30s. It’s still a rock solid share with a decent dividend that is dropping into the account over next couple of days. Think I’ll grab a chunk if it lowers to £17 again.
So much for JPMorgans' reputation given the sp down 0.8% today.....!!
The shares got shorted before the scrip purchase otherwise the scrip purchase would had increased the price to over £22, its allowed legitimately allowed under "proprietary trading" rules. Market makers & the running bank all collaborator & its all legitimate.
Still many good ratings for this share, but seems to be taking a breather. Scrip Div RNS today for 18.25m shares c 1.7% share issue will mean equivalent cash saving so couldn't be reason for drop today ??
Damn someone just bought big took out my entire holding sold @ limit. Went all the way up to 1841 damn...
Luckily all my holdings are protected from CGT as they are held under an ISA. I advise all investors to utilize their £20,000 annual allowance its a great way to build a advantageous tax exempt portfolio.
I have been trying to research how much annual revenues UK Government receives annually from SDRT however I don't seem to have much luck finding any information on it online. I know UK Government receives £14billion annual revenues from Land Stamp Duties. I would had assumed with the amount of trades investors do in the UK SDRT on shares would generate more??
Okay Clued, thanks for the explanation.
Whatever the jurisdiction, CGT in relation to shareholdings, particularly longer-term ones, can become a complicated issue.
ATB, Mike.
Apologies MikeM14, I live in Ireland where FIFO still operates except for various rules. Had no idea UK had changed as don't so UK tax returns.
Clued,
"you do know about FIFO treatment re shares sold under CGT ?".
Where are you getting your information? It's not been first in, first out, for over 14 years! The present arrangement ("Section 104" holdings) has been in force since April 2008. If you build up a holding in one company over various tranches of buying at different times, then you work out the "average" cost over the whole pool of shares, and use that to work out any gains when you sell. The exceptions are the "bed & breakfast" rule and the "same day" rule. It's all explained in the HMRC website.
https://www.gov.uk/tax-sell-shares/same-company
Mike.
LondonCentric, re your holding of original shares at £11.30, you do know about FIFO treatment re shares sold under CGT ?
SSE saw this crisis coming & positioned itself well, you have to respect the Scottish they are pragmatic & logical in business. SSE got rid of fossil fuel generation decades ago (still has gas gen legacy capacity has the grid needs it). It is way ahead of its competition & has knowledge of battery storage technology from decades ago which it invested in.
So SSE is a safer place for your money as it is possitioned for growth & innovation. I got 2 positions, one which i bought many years ago at @ 11.30 which I dont sell & another bigger position where I buy & sell with the volatility.
I certain did and went from 16.70 to 18 at which point exited. Very happy with that profit in 2 days. Perhaps the Investor days have highlighted some impetus as well although fallen to 17.62 at close. Volatility is where the gains and losses are, its just judging when the ins and outs are right and when you are happy with your P&L.