Member Info for tedmak

£157 baseload for a SATURDAY in SEPTEMBER.

Wanna short that? good luck to you.

A notification just came out

The Public Investment Corporation has sold down another 1% stake.
A decent volume coming to market.
Days like today are a good chance to buy decent volume.
Can’t do that when it is gapping up 3 to 5% on the day.

I have seen useful links in my time.
Clicking those were 20 seconds of my life I wont be getting back.

Coal prices have not corrected downwards. Just think this is the market taking a breather.

I just looked at a chart of iron ore.
In May it was up 36% YTD. Now it is DOWN 34% YTD.
From the cash rolling into Kumba by the bucketload, it is now just merely profitable.

A similar picture with palladium and platinum.

I make the 250 day MA, 2734. A close below that is bad news.

Gubby
of course it can be bought.
All the buyer would have to do is replicate the current arrangements for the employees.
The unions and the government wouldn't care as long a the taxes are paid.
The important point is that India and China will be consuming coal for decades, so they will be looking at the regular sources.

In a way we have got lucky with this. Anglo did the right thing for the shareholders in giving us the choice whether to hold this or not. They could have just sold the assets to a trade buyer and the value of the business would have been smothered somewhere in the Anglo share price.

Precisely
And we are only in September.
And this excludes the opportunities from the Scottish pumped storage.
Pumped storage is the most flexible kit in the system.

The penny has dropped.
Interconnector with France at half capacity (at best) this winter.
Owners of flexible and relatively low cost generation are and will be cleaning up.
7% up this morning for Drax. And the rest…

WVM - have you looked at the results?
Growth in retail, online and on own website.

Have I missed something?

Mate - do both

Viable
I have a lot of knowledge of the industry.
To be clear - Drax group owns a number of units. Pumped storage in Scotland and the Drax power station.
Drax power station is now all biomass, for which they have secured the supplies via the Pinnacle acquisition.
They have 4 units. One of the units produces under a CFD contract - effectively fixed price.
The others produce power to produce Renewable Obligation Certificates and to receive the market power price. The three other units will be making a fortune at the moment (unhedged).
The pumped storage makes its money out of the spread between peak and off peak prices. That again - in the current winter - will be making a fortune.
As long as they are operationally available, they are fine.

Norfolk and Viable
I have wedged in on this the last couple of days.
My initial post was before the news about the interconnection with France. 1GW of import capacity gone for the winter.
A green flexible generator - nothing better in the current UK market.

Wanna sell something where the income is rising and the costs are flat, that is some take.

I assume it is a technical one. Cant be a fundemental one. (Technicals can trump fundementals, to be fiar).

Gubby
when I said end point, I didn't mean I am selling out at this level.
I meant the endgame for the company will be bought out in a takeover.
This has got way further to go. Gas prices in Europe are through the roof and will underpin coal prices, which have their own bullish fundementals.
There has to be a market update at some point, because it is pretty obvious they are throwing cash off at the moment.

https://www.bloomberg.com/news/articles/2021-09-15/u-k-s-record-breaking-energy-crunch-explained-in-five-charts?srnd=premium-europe

Drax has everything to profit from this.
Fixed price costs via owning the biomass production.
Flexible plant such as the pumped storage hydro (buy at cheap prices in the day and sell at the lows).

What's not to like. Can see this crunch lasting through the winter.

That is my end point. Them or an Indian company. Both countries will be buying boatloads of coal for decades, no matter what some electric bike and scooter riders in the US and EU think.

On the cost to China, it is leverage. A warning to the next country that dares to criticise them.

LTE
I assume that reply you gave provided you with a sense of satisfaction.
Good for you.

For a large part of the market, this stock is invisible.

Hi, Heli
I have noticed the small trade volumes.
It is similar with todays volumes on the LSE.
I assume it is people selling out the allocations they got from the demerger.
Is an interesting stock. A number of institutions just cant own the stock due to ESG considerations.
Do ANY analysts actually cover them apart from the house broker?
It isn't in any indices if I recall correctly.
So for a large chunk of the market, it is invisible.
That will change when they give us a market update or when they declare the first dividend.
What I like about this business is that it is very easy to understand if you research what they do.
The risks are rail disturbances to the ports or the government announcing a windfall tax.
Can't see why they would do the latter as they are getting the mining royalty and the corporation tax.

For a large part of the market, this stock is i

NG wont benefit from this in the short term.
They will probably have to add some transmission capacity which will be rewarded in the price control system but that is way down the line.
Maybe it is a flight to safety.

Up over 2%. Cant see any news. Has there been a broker upgrade?