Roundtable Discussion; The Future of Mineral Sands. 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.
I usually thought shares rise up until the ex div date? Maybe I’m wrong . GLA
I agree, I’m hoping for 1860 before ex divi date.
GLA
I suspect there is some uncertainty aroung the change in government leadership, which wont help.
Overall I like SSE a lot and have held stock for a while now.
I'm thinking of adding more but I hate averaging up, but with SSE I suspect there is little alternative for me as I cant see it dropping below my average.
thanks for the Projections on the Piepline activities LC.
Hadn't spotted them yet on my research. SSE is new in my Portfolio as I try to rid my Portfolio of other lower-value, less stable items.
Possibly over-weight on Power (electric) companies now but can't see them providing nothing but stability and revenue over next 5-10 years.
This is how markets are played relax, SSE is a solid company very pragmatically run. Huge pipeline in development e.g. The 443MW Viking project, which SSE Renewables is currently building in the Shetland Islands, has secured a CfD for 220MW (50% of its total capacity) at a strike price of £46.39/MWh. If you do the math's that £46.39 x 443 x 24 = £493,218.48 a day when the wind is consistent. Thats just one project due for completion on 2026/27 ...
I got a feeling price will rise after the ex div... So take the dividend & relax. GLA
From my estimates the 5% Dividend at end of this month should be pushing the price up towards £18.60+.
There doesn't seem to be anything to hold it back so is anyone like me and expecting a 'spike' on the SP before next Wednesday up above £18.30???
I'm confused at the drop this morning following the RNS, which appears to be nothing but good news.
SSE have exceeded their expections regaarding Power generation pretty well across the board while reducing reliance on Gas/Oil Power generation.
So why the price should take a dip is beyond me. Anyboy know of any other news?
It can't be Post-Dividend blues as the Finanial Calendar indicates 5% Dividend Ex date is 27th of this month... SO i'm expecting share price to jump.... not fall???
Can you honestly see electricity companies not benefiting from the lifting of price caps and the percentage increasea that are coming in electricity, gas and dual fuel bills.
1690 to 1720!? GLA
Results of an internet search for SSE includes :
"What is the ticker for SSE"?
:+)
Any thoughts fellow investors on whether or not Boris or Rishi will punish SSE tomorrow with the EPL / WT ? What incentives / Credits can they give SSE, hardly higher CAPEX in O&GE ???!!
Does this share always rise on the run up to ex divi ? I’m hoping so anyway . Gl
Before ex divi day
Government uncertainty around taxation... never good for business
Why isn't this super share shooting upwards ?
Certainly contributed to the sell off
Thanks for the post , this seems very good news for sse ? We’re only in the 15s mainly because of the windfall tax scare ?
Gl
Ministers are backing away from a windfall tax on Britain's electricity generators in favour of a French-inspired consumer price mechanism in a battle to tame inflation.
Under plans being drawn up in Whitehall, a new system would break the link between the price of low-carbon electricity and that of natural gas, which has risen to record highs following Russia’s war on Ukraine.
This would allow energy suppliers to take advantage of the comparatively cheaper cost of electricity generated by wind and solar farms – and pass on the savings to households and businesses. In France, most electricity is generated by nuclear power. This has meant Emmanuel Macron’s government has been able to order EDF to sell energy at below market rates, shielding consumers.
Telegraph, paywall: https://www.telegraph.co.uk/business/2022/06/17/rishi-sunak-backs-away-windfall-tax-electricity-generators/
Is the windfall tax actually going to affect sse or are we waiting to see what the government does? Either way, I
Guess the market is currently spooked.
Gla
back at under 1658p the number of shares that I sold on 28th April at 1865p
I shoulda waited to top up, doh.
What’s causing this fall? General market conditions? Or still the windfall looming tax
Hi Testpak. FY24 I take to mean the SSE fiscal year ending in 2024, beginning in April 2023, next year.
https://www.lse.co.uk/rns/SSE/preliminary-results-for-the-year-to-31-march-2022-h0fm8yx8795liki.html
Final dividend in line with dividend plan to 2026
· Intention to recommend a final dividend of 60.2p for payment on 22 September 2022, representing a weighted average annual RPI rate of 5.8%, making a full-year dividend of 85.7p per share.
· Continue to target RPI increase for FY23 followed by rebase to 60p in FY24, with attractive annual growth of at least 5% to FY26.
· Scrip uptake capped at 25% on FY22 full-year dividend and thereafter as previously announced.
Financial outlook for 2022/23 and beyond
· SSE's focus continues to be on long-term, sustainable financial performance. With high levels of investment expected in Transmission, a step up in earnings expected in Thermal generation and an expected return to normal weather for Renewables, the Group is confident about delivering strong earnings growth for this financial year.
· SSE currently expects to report full year adjusted earnings per share of at least 120p.
Hi GavsterNBC
Thanx your summary. Where did you get the information that divi for next year has been capped at 60p.
MMs pwishing about again today, look at Auto-Ex-Trades of 1/2/6 shares at below BID,
keeping SP down. Their doing the same across the Utilities, CNA, NG. etc.
Might be time for LTHs to top-up with a few buys....as this likely to go on
for at least a few days this week...watch the big moves after 16.28pm.
Hi, is the next divi in 2023 , 60p ( final and interim )?
I guess time will tell on the sp here, if certainly be buying if we see 15 again . FTSE stocks use to be slow and boring but this one seems to be going from 16 to 19 back to 17 pretty quick .
GLA