DRAX Growth and income - this refers to some due diligence and research recently done, resulting in Drax being one energy company rapidly evolving for a flexible, low-carbon and renewable generation future. It accelerated its strategy with the recent £702m acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation assets. This, together with what management calls “attractive investment opportunities throughout our business,” bodes well for future earnings and dividend growth. City analysts expect earnings to leap 177% this year, putting the shares at less than 13 times earnings. And the multiple falls to around 10 on forecasts of 27% earnings growth in 2020. A prospective dividend yield of 4.3% this year, rising to over 5% next year, adds to the attraction of what has become a compelling growth-and-income story, in my view, this is a “Buy” stock.
An RNS will arrive, but let’s not forget we had 3 a week ago and each on importante projects, Cobre, Redmoor and LC. Not forgetting PW interview. The BOD keeps us up to date that’s for sure. May will be an interesting month and that is not far away (next week) This is a nice reflective consolidation period. Enjoy.
I believe there are many pi’s watching this share very closely (I know I was for a long time) but I think equally there is some hesitation on some people to commit to buy because they may perceive a Client issue (which will be resolved) but people want that resolved first, before commitment, then sp will easily fly. What made me buy substantially into SML was the recent interview with PW updating us on the 4 projects and the excellent news highlighted. Suggest pi’s to listen to it, do research, feel comfortable about investing and confident in their investment. That’s what I did.
Been following SML for several years and I have been in and out of this share. Have done extensive research and keeping up to date with developments. After listening to the Vox interview I have decided to buy in today and be a LTH as I see this Strategic company growing and unfolding.
Overdue payment, major client not having made the $0.375m payment due in Q. Discussions with the major client not producing results and extending the suspension of minimum sales of 4,000 tons in lieu of a quarterly cash payment, demand for payment from the major client and looking to enforce its rights under its contractual arrangements. Not good at all imo. Plus the 50% needed for Redmoor !!! Why don’t they sell and find another client now ? As they have 711000 wet tons ? Find another client please.
What makes me nervous is where does the funding come from for the purchase of the remaining 50% of Redmoor (subject to to NAE shareholder approval) no clarity on funding, dare a mention the word “diluting”. The other is that if the SP went 2p, a lot of so called investors would sell their shares and the SP would be back where it is now. Having said that, I believe SML is a good company.
WOW lots of negativity here !!! What about today where there are more buys than sells, obviously buying people still think there is potential. I am new into Echo, I don’t think negatively, personally there is a buying opportunity, someone wants the SP down to make a profit later.
I will say Tapi Aike. Just be patient, this is AIM.
Hi Cronkite, Apologies for being a pain............ I extracted one line below from the website you gave me Short tracker .co .uk, could you briefly explain what the 1.78% actually means ? Is it the % of Shares they bought ? Also more importantly what does 0.14% in green with an arrow pointing upwards mean ? Does it mean the individual shorting the stock is winning ? Real example: Marshall Wace LLP 1.78% ^0.14% 13 Feb 2019 If you are able to clarify this for me I am most grateful......