SSE Share Chat (SSE)

So close...

Nice day, tempted to flog a couple more but held off, still looking for that 2050+ level for most of the rest.

Could it crack £20 soon?

Sold a couple, remaining long overall.

Come to papa.

Over £19

40p/share

Many thanks for your help on sorting out my problem with “circa” I can but wish to be as erudite as the intelligentsia on this forum . Indeed I humbly suggest that judging by some of the insights re share trading it may be more rewarding for some to join a forum what helps people understand like the use like of like a thesaurus like n all that no wot I mean innit

Normanbar, incredible that someone asks what 'circa' means !! Just as well you didn't use 'c' or 'c.' !!

More concerned as to why the sp is materially down today. NG. is also down, but not by as much. Maybe some bonds, which SSE and NG. hold, are down today ??

Perfugulator, as you are obviously at the lower end of the scale of 'using your initiative to google the meaning of things', 'circa' means approximate or roughly. If you don't know what the latter meanings mean, can you please look up their meanings on the internet or ask a friend !!

Really Perf, Have you not heard on an online dictionary/Tmthesaurus? All this tech at your fingertips, and you ask a question like that!? For goodness sake DYOR! Or are you the lazy type?

Really Perf, Have you not heard on an online dictionery/Thesaurus? All this tech at your fingertips, and you ask a question like that!? For goodness sake DYOR! Or are you the lazy rype?

What’s circa mean

Now looking for circa 2050 on 12 month view, would like to trim/trade a little if i see circa 1925 in next few months … hopeful that will come soon after election.

LOL, yeah right. been reading too much sponsored Right Wing nonsense have we.

Let me repeat so it might actually sink in, "North sea oil and gas is bought and sold at international market rates."

Absolutely no point in asking your opinion on SSE I can see.

GL with your investments.

Gavster, all the while this country uses plastics and other products made from oil we need our own oil and gas industry - so its closure could and should be a century away unless our politicians decide otherwise. We really are heading for power outages under labours plans because the local electricty networks will not cope with demand and there is insufficient time to reinforce them even if we could afford to do so. Buy some warm clothing is my advice!

What do you reckon on the SSE SP and dividend level in the coming years ?

North sea oil and gas is sold at international market rates, and the replacement oil and gas will be bought at international market rates with respect to industry consumption. Anyway, the North Sea O&G industry will inevitable close down sooner or later. Any effect on UK inflation will be small/tiny IMO but the right wing political parties will make out it's a huge deal in order to attack Labour policy and score points. The reality will as always be in between.

Gavster, I agree it will be hard for labour to do worse But they have some great plans to do so. Killing off the north sea oil and gas industry will cost several billion in lost tax and pushing wages higher will push up inflation and interest rates. All of those things will suppress share prices of dividend paying stocks. Frankly, imv there is no single party worthy of a vote and none of them can cure our economic ills with their current plans. Good luck and be careful what you wish for should be the theme of this election.

Hi all,

Will the annual dividend return to higher levels after 2027 ?

Considering all the projects, loans being paid, capital expenditure etc etc, and their statement "Full year dividend rebased to 60p for 2023/24, with increases of 5 - 10% p.a. to 2026/27."

So next year the dividend might be 65p then 70p the year after that.

I've had SSE on watch for a while but failed to buy back in at the beginning of the year due to goings on elsewhere in my portfolio. I sold out when blue sky came along in 2022 and I always thought the SP would dip back down even as far as below the 1300s due to yield and their pledge to lower the annual dividend to 60p, However that hasn't happened, obviously..

I am looking to buying back if the SP breaks below the trend set from Feb 24 when the SP was below 1600, and returns to those prices. The SP is right at the base of that trend from Feb 24 at the moment.

The July dividend is only 40p, not that attractive these days, and an SP of 1500 represents a reasonable but not great 4%.

I'm not concerned about politics having a negative effect, IMO anything Labour does will be better that the shambles and wrecking ball the conservatives have wielded to all aspects of the UK including it's markets and economy during the last 14 years, so for me any negative sentiment the election might have will be short lived.

What does look possible is that might be a long term opportunity to invest a low levels then profit from a high SP and dividends from 2027.

How do other holders see the next few years ?

Unlikely I would have thought. Labour and the SNP have these policies for setting up state-owned companies for ideological reasons but they don't usually come to much. They certainly won't have the money to splash out on a large company like SSE.

Just wondering would Labour ever buy SSE to use as vehicle for their GB Energy ? Obviously buy at an agreed price, eg £20 per share so c. £20b, as cheaper surely than starting from scratch with a new enterprise risk ?

… bought back those two slices. decent price longer term imv

as they say, every cloud has a silver lining:

https://www.thetimes.co.uk/article/72efdeb6-1b8a-4b55-b324-dc3cf541ab03?shareToken=ee8b6d968d8defb4a7d1e9360fb349f6

All, Could the SSE price falling be worries about Labour's nirvana Great British Energy which doesn't even exist yet ? SSE is one of the most Renewable Energy companies in the UK, surely Labour battering SSE, rather than working with them, would be total hypocrisy ?

Licancabur, a Labour Govt presumably will benefit SSE because they more support 'Green' investment ? Maybe today's drop a delayed reaction to the div reduction albeit already known by most investors ?

The dividend cut was widely flagged by the company so no surprise there. Hopefully it will increase again from the lower base because most investors see this as an income stock. The extra investment in generating and distribution capacity will benefit future growth, if you're prepared to wait that long.

Held up well today after announcing final div