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Started: Clued, 11 Feb 2024 14:29
Last post: Spikeyj, 20 Jun 2024 21:19
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.
… 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
One small slice more (& into small top up of UK insurers).
SSE doing v nicely recently, wonder if there is a little stake-building going on.
Trimmed a couple, but remaining comfortably long.
Nice little update/ guidance to de-risk slightly.
Started: Gavster-NBC, 18 Jun 2024 06:51
Last post: Gavster-NBC, 18 Jun 2024 09:55
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 ?
Started: Clued, 5 Jun 2024 18:04
Last post: Licancabur, 5 Jun 2024 20:51
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 ?
Started: Perfugalator, 16 May 2024 09:51
Last post: Clued, 24 May 2024 23:06
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
I personally think they will continue to gain.
Started: Special666, 12 Mar 2024 11:12
Last post: Roach12, 15 May 2024 16:56
Have an opinion by all means but no need to be abusive.
Wow - this must be a brilliant company. According to TP only 200 unsatisfied customers out of 8 million.
Keep taking the tablets & try to keep your post relevant to investor interests rather than grinding your axe please Special(needs)666.
The TP 1 stars keep coming, and it's just the tip of the iceberg. Surely the FT will be investigating them soon enough!
They can't bill businesses properly, their departments are segmented so you cant actually get anything resolved. They're not recognising fixed contracts. they truly are a disgraceful excuse for a company.
Maybe worth keeping a tab on the TP site imo.
SSE are responsible for commercial, not resi (which is OVO).
Started: driftking27, 6 May 2024 14:08
Last post: avocet123, 8 May 2024 12:45
Driftking, you promised us a much lower SSE sp and its only gone up since then.
Why take anything you say seriously?
Still ,since October SSE is underperforming NG. I still believe investors would rather invest in NG over SSE no matter what.
The outperformance with NG started last summer. Could be the dividend yield that’s helping
Started: driftking27, 18 Apr 2024 19:45
Last post: driftking27, 18 Apr 2024 19:45
National Grid still outperforms SSE over 1yr, 6months, YTD, 3months 1month and 1week
I believe it’s due to having that higher yield that is keeping holders happier?
Started: Jamboroar, 2 Apr 2024 16:02
Last post: Clued, 6 Apr 2024 23:16
Jamboroar, maybe SSE Investor Relations could help you because they have historical data going way back surely ?
Thanks 240p is all I can get to for the original purchase too and I can't find anything that says the merger created a CGT event which would have applied at the time so will need to go with that and stagger sales to stay within CGT allowance. Thanks for replying
I have the original purchase price in 1991 as 240p in my records.
Can't help with the merger, I don't even understand my own notes on it!
Hi, does anyone have to hand the purchase cost to be used on a disposal of SSE for an original Scottish Hydro shareholder from day 1. Was the merger in 1998 a capital gains triggering event? Thanks in anticipation
Started: driftking27, 12 Mar 2024 10:24
Last post: avocet123, 12 Mar 2024 16:27
As I said to you before drift clown, this always goes between 1500p and 1900p.
No further commentary necessary.
Looks like the comments in December about NG outperforming SSE is true. Over last 3months
SSE down 13%
NG down 1.2%
Over last 6months
NG up 5.5%
SSE down 1.5%
Started: Failford, 6 Jun 2022 09:14
Last post: chris1308, 12 Mar 2024 11:25
Apologies .. the price Equiniti charged for a drip share purchase was £ 17.79 on the 7 march 2024 ( not 2023)
Equinit ihave sent me details of the DRIP share allocated ... the purchasse price was £17.79.... this is an extorionate price as the share price on the 7 March 2 023 was substantilly lower.
Are the Monopolies commission looking into the abuses perpetrated by Equiniti who massively overcharge for every single thing whether drip shares or a lost certificate? .
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.
Started: Roach12, 12 Mar 2024 10:08
Last post: Roach12, 12 Mar 2024 10:08
SSE continues to look vulnerable as the enthusiasm for renewables declines. Having turned their backs on Curry's perhaps Elliots might renew their interest.
Started: Clued, 19 Feb 2024 14:17
Last post: Clued, 19 Feb 2024 14:17
Jefferies raises SSE to 'buy' (hold) - price target 1,850 (1,620) pence
Started: driftking27, 8 Feb 2024 15:09
Last post: Spikeyj, 11 Feb 2024 11:01
? what is the current dividend cover?
This board is NOT all about you avocet123.
Thus this information is for everyone to see whom doesn’t understand but and sell signals
It’s for all the shareholders…
Drifting, we will see them won't we. If it goes much lower I will concede you are right, but as far as I am concerned it is still range bound. In any event, the dividend is safe and I don't care about the capital.
If you understand RSI being a low number, then it inplies a STRONG SELL. We will watch and see this continue to drop. 1858p was a top when I called this. 18% down…
With wholesale energy prices dropping each month, this will be adding to this drop I believe.
This always goes between 1500p and 1900p. It's so predictable. Now sitting pretty much at the bottom of its range.
I would not call it a strong sell but I am only here for the divis any and don't really care about the capital.
Started: driftking27, 4 Feb 2024 19:32
Last post: driftking27, 4 Feb 2024 19:32
NG is outperforming SSE still
In last 3mths SSE is down 1%; while NG is up 4.1%
In last 1month SSE is down 9%, while NG is down 1.7%
Over last .6months NG up 4.47%; SSE up 1.75%
Started: blackgeorge, 29 Jan 2024 10:38
Last post: Clued, 31 Jan 2024 10:33
Today
Goldman Sachs cuts SSE price target to 2,348 (2,430) pence - 'buy' A c. 38% gain from today's c.1675p !!
Looks like LSE website wrong for SSE TU !!
Just checked and its showing on the financial calendar on here that there is a trading update on 31.01.24 but on SSE website its stating Q3 update on 08.02.24.
Thanks schjmh. Hope they're good enough ?!!
blackgeorge, I don't think Broker Forecasts can be relied upon too much anyway in this volatile market !!
Trading update due on Wednesday.
SSE Stock 12 Months Forecast
Based on 8 Wall Street analysts offering 12 month price targets for SSE in the last 3 months. The average price target is 2,078.75p with a high forecast of 2,430.00p and a low forecast of 1,620.00p. The average price target represents a 19.47% change from the last price of 1,740.00p.
Started: driftking27, 16 Jan 2024 19:38
Last post: Clued, 18 Jan 2024 15:41
With the utmost respect driftking27 I respect the views of Peel Hunt Investment bank more than you who disagree with you. SSE is one of their top picks for their 2024 growth-focused list !! They probably take a longer time period view than you are soing and they have SSE on their Growth focused list. I'm quite aware of the Dividend cut, in SSE's case this is the right strategy to reduce its debt.
'You wouldn’t go jump off a cliff if I told you so would I ?? Seriously' Not relevant as no-one, except maybe you (?), are telling me what to do re SSE. And I'd probably laugh at you if you told me to do so !!
This is a sell, has been for last 2weeks.
Hope you got out of SSE.
CLUED.
So, here’s a thing. You wouldn’t go jump of a cliff if I told you so would I ?? Seriously.
Do your due diligence.
SSE has sliced there dividend to 3.5% from 5.7% to aid the growth it so badly needs and to help lower their debt burden if bowering to pay a sensible yield that is sustainable.
If you look at figures on financials you will see NG is better of and less risky, and has a yield that will continue to beat inflation each yr.
Driftking27, Peel Hunt Investment bank would disagree with you. SSE is one of their top picks for their 2024 growth-focused list !!
Views cemented in latest Morningside views
Should investors buy SSE for the upcoming dividend? It's looking like an unattractive opportunity, with its earnings per share declining, while, paying out an uncomfortably high percentage of both its profits (164%) and cash flow as dividends. Unless there are grounds to believe a turnaround is imminent, this is one of the least attractive dividend stocks under this analysis. Bottom line: SSE has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
Started: driftking27, 5 Jan 2024 19:39
Last post: driftking27, 5 Jan 2024 19:39
Found this positive article about SSE v sector
https://www.marketbeat.com/stocks/LON/NG/competitors-and-alternatives/
Started: driftking27, 2 Jan 2024 00:19
Last post: driftking27, 2 Jan 2024 00:19
Not see this term used by a broker in years. What are peoples perception ?
I m presuming that broker sees a decline then a gradual uptick?
That’s what I see, but I wouldn’t put STAY in CASH as comments.
Best of luck with your investments in 2024
Out of my 25-28, I’m making AZN, ABBVIE , CVX, GS, ROCHE, AMD, HSBC, BMY & DGE as my top investments already in for 2024.
Started: driftking27, 18 Dec 2023 17:52
Last post: driftking27, 18 Dec 2023 17:52
Looking at charts, see SSE falling back to sun 1800p over next 30 days.
The RSI is extremely LOW and weak.
So I'm out, and pocketing the profit.
The next 2 months are quiet months , so not sure we will see any highs for awhile, based on strong news from both FEDS & BOE.
both utilities and telecoms are going to continue to underperform I believe from here on...
Started: driftking27, 1 Dec 2023 20:22
Last post: driftking27, 1 Dec 2023 20:24
Might consider re- buying NG in new yr
Could we see a new high of 2000p + by January!!
Looking good after some possitive news, and also the choice to reduce that hefty dividend at last. I for one can definitely see 2000p+
Only have 500 at 1525p
Added moderate size last week, for medium/longer term view.
Started: FALCONER-FLYER, 17 Nov 2023 10:12
Last post: FALCONER-FLYER, 20 Nov 2023 11:23
1803p hard, if all goes well this week, budget ect, 1847p then 1893p for eow.
Wow Charts bang on today, reckoned 1797,by usa open in 5 mins, 1803p could come sooner, but Fridays book balance will drop as usual, folks don't like weekend positions.
It's hitting a brick wall at 1788p attempting to break. But gets sold into there's 1797p next wall. Once 1790p broke usa looks good for later. Then poss 1803p Monday, so my map charting give to me. Breakfast time kippers on toast Fridays. 😋
Started: FALCONER-FLYER, 17 Nov 2023 08:12
Last post: NervousNelly, 17 Nov 2023 09:35
Many thanks for that FF.
Although TBH I'm not any clearer on the maths & how it affects future income streams.
I do know though that I'm here for the long term and that this has been my most successful company in the 4 years since i invested.
Started: FALCONER-FLYER, 16 Nov 2023 08:19
Last post: NervousNelly, 16 Nov 2023 15:54
Am i missing something? I can't believe that the confirmation of a 66% increase in tariffs paid to us only increases the SP by 1.5%.
Does the tariff only apply to future developments or something - I'm struggling to believe an increase of this magnitude was already priced in??
How much doe a MW of gas produced electricity cost to produce?
Off shore wind per MW
was £44 p MW, govs raised to £77pmw. Great news for us hence £18.10,dropping off though, GS target £24
G