We would love to hear your thoughts about our site and services, please take our survey 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 would be staying long at this level, very brave to go short now
Hi can come please provide an IRR of SSE? Any source would be useful. Even a guesstimate?
Sse imv is well undervalued, green energy, investing for the future.
Black rock sold 2.5mn recently yet BofA bough shy of 3.5 mn, goldman as £24 target crazy 1 in 1 out dropped to let the BofA in.
I've got time plus about 7k divi in Sept. Boggles the mid folks.
As you can see I'm a bull sorry for pumping it but Crikey a few yrs down road.
Looking at the action over the last 24hours it begs the question why anyone would take a dividend rather than just buy on the ex-div date or day following. The fall is far greater than the % dividend fall so what is there to gain?
Taverham, goldman sachs have 24 quid target, with investment in wind power, looking good I bought on today's divi drop, very good price imv.
I think blackrock wanted to sell before the ex divi date and preserve capital rather than wait for the divi.
Can see why now Blackrock sold a load last week, what inside they heard,
From 5,620,000 mn
To. 3,430,000 mn
What's that 2,190,000 sold, hmmm why thy done that, big sell I wondered why last week's dip, yet they noticed on 20 July, kept quiet till they dumped or would have dropped more.
Disappointing end of week, what we 68p on offer.
Can't find short position so it's under 0.5 if at all, hmmm strange we 68p nigh 27th nxt week, got be letting boys in.
As before there GSs £24
Trading pattern look suspect as "Shorts" moved in here or dropped to keep letting "Pension funds" in, going to loorebase is not till 2026/27,but still 5/10pc from there on,.
Blimey
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?