Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks Spikey, Very interesting article in The Times. Personally, the likes of Elliot Mgt would never phase me. From the article they come across as very arrogant and not exceptionally thorough and as Bullies. If an employee operated the way they do as bullying, well we all know the Bully Employer Terms and what would happen to that employee. Seems legally acceptable for the likes of Elliot Mgt to operate as they do but not for the 'small' employee !!!!
Why the 1.95% fall today ???
I was very lucky and saw this as a good investment a short while back, I managed to grab 892 shares at an average of £12.6491 including taxes etc.
I agree, although I think it sits nicely in both camps which is only a good thing.
Its a nice dividend payer, and also some room for a little capital growth, again no bad thing.
Today's broker upgrade will do no harm either. SSE is finally being recognised by the market as a major renewable energy player, rather than a dull utility.
SSE backs Nigg offshore wind tower factory with £15m debt investment.
https://www.independent.co.uk/news/uk/sse-scotland-inverness-nicola-sturgeon-alistair-phillipsdavies-b1968938.html
Strong statement within their latest RNS, SSE is currently a world leader in their expansion of offshore wind farms, and I think that is unlikly to change.
Well it looks like after Fridays over reaction, normal service has been resumed.
I will be watching next week as it may provide a good opportunity to average down.
Whatever happens the world and the markets will go on.
1 case of Omicron (Botswana Variant) confirmed in Belgium.
Pfizer have stated they are confident that within 100 days they could have a vaccine ready for Omicron.
Early indications are Omicron would be around 4 times as contageous as the current Delta varient.
It has not however been confirmed to what degree, if any the protection offered by the current vaccine would be compromised.
I think a lot of the uncertainty regarding Covid had already been priced into the FTSE (Perhaps not in the US), and Fridays drops were a bit of an over reaction.
This does not in my opinion represent a 'Black Swan'.
Same thinking as myself drip feed in the drops.........
Started to drip Buy this morning.
Will add on any further retracement days.
gla
Clued, I agree that plenty might happen before 2023/4 and the Times article hints at that. Some income investors will already have started baling out of this share but others will hang on in the hope of some corporate action.
Licancubar, The div reduction doesn't start until 2024 though ? A lot will happen before then.....
The dividend cut took the market by surprise and will have spooked some income investors. Those that have waited may reap the future benefits of capital growth but that is always a less certain outcome. The Times article today suggests that the game may not be over however and that the SSE board have not made an altogether convincing case for keeping the company as one unit. We shall see.
I am keeping my shares, but need to admit it is a little disappointing, the divi cut. It feels like we are going backwards.
But granted, its required to fund new projects and investments, which will hopefully increase revenues and future profits.
It appears that a few holders closed or reduced their positions in SSE yesterday.
A little short sighted IMHO, but it seems to have settled now.
I still maintain that part of the SP drop yesterday was due to some general unrest in much of the market, and a lot of other shares also suffered a little.
Today's breakaway gap with larger than average volume, showed strong conviction in the gap direction. A volume increase on a breakout gap helps confirm that the price is likely to continue in the breakout direction.
Tomorrow will be interesting.
here's my take on the divi - it is being cut because Ofgem are cutting the allowed cost of capital and the divi will then rise in line with the allowance of the price formula. The growth from the renewables is not at this time providing any free cash because of the reinvestments and if it were a separate company it would be more highly rated and it will happen imv.
Happy for divis to be cut in return for future growth.
Growth is necessary to maintain rising dividend.
Has been given the thumbs down by the market. A high divi payer that announces a cut can expect to be sold off. Others offer higher divis.
As for the future the BOD clearly would rather keep the company as a bigger entity rather than split and create value - no doubt the activist will have something to say about that.
I think the market is generally having a down day, SSE isn't alone in the drop.
It will all even out I think.
We shouldn't forget that SSE is a dependable dividend king. Its paid a dividend every year for 20 years.
Thats worth a great deal, and as avocet123 stated, the value of our holdings will continue to rise over the next few years.
I personally think the value of this stock will rise considerably over the next decade.
lol, and i got to buy ‘em back at 1555, not 1625, thank you mr market!
as i suggested in october, conservative dividend rebasing, but also looks
like the market thinks takeover/breakup prospects here are receding.