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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Drax Group Plc | DRX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 12.00 | 2.33% | 527.50 | 16:35:17 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 517.50 | 517.50 | 534.50 | 527.50 | 515.50 |
| Industry Sector |
|---|
| ELECTRICITY |
| Top Posts |
|---|
Posted at 11/8/2022 14:36 by halfpenny Market moves with smart investors. So topping up at these levels…DRAX is critical for getting Inflation under control. Can move up quickly so get ready |
Posted at 13/6/2022 06:48 by halfpenny Breaking news a disaster for DRX. Investor confidence in electricity generators has been dampened by reports Chancellor Rishi Sunak could extend the windfall tax to renewable energy sources. Now seems very likely. Fall to 600p and less soon.. |
Posted at 10/3/2022 21:53 by richard3rd Gas price and possibility of reduced availability benefits those generating electricity by other means. For us Drax investors this should be a good thing.Does anyone know how far ahead Drax are tied into supply contracts for? Do they have the contractual option of raising prices in line with current trends or will they be currently tied into whatever supply contracts they made 6 months ago? |
Posted at 16/2/2022 18:02 by km18 ...from last year...Company overview:Drax Group PLC is involved in the generation and supply of low carbon and renewable electricity to provide system support services to the electricity grid. Subsequently, large industrial and commercial sector customers are the firm’s main stakeholders. Given the highly innovative clean energy solutions offered to the public, the firm has grown in recognition, enabling them to increase levels of production and strengthen its pipeline, resulting in a robust operating profit of £84m, higher than the (£57m) loss incurred in 2020. As a result, the biomass producer is making strong progress while enabling investors to optimise their returns on their investments on the firm, since the firm underpins attractive full year dividend payments made to its shareholders. From a valuation perspective, the firm’s P/E ratio is 10.1, lower than the renewable energy P/E ratio of 42.69, signifying that Drax Group is undervalued with respect to its peers and cheap for investors to buy....from WealthOracleAM |
Posted at 16/12/2021 14:06 by km18 Drax Group PLC is involved in the generation and supply of low carbon and renewable electricity to provide system support services to the electricity grid. Subsequently, large industrial and commercial sector customers are the firm’s main stakeholders. Given the highly innovative clean energy solutions offered to the public, the firm has grown in recognition, enabling them to increase levels of production and strengthen its pipeline, resulting in a robust operating profit of £84m, higher than the (£57m) loss incurred in 2020. As a result, the biomass producer is making strong progress while enabling investors to optimise their returns on their investments on the firm, since the firm underpins attractive full year dividend payments made to its shareholders. From a valuation perspective, the firm’s P/E ratio is 10.1, lower than the renewable energy P/E ratio of 42.69, signifying that Drax Group is undervalued with respect to its peers and cheap for investors to buy.Keep up to date with WealthOracle AM |
Posted at 24/3/2021 20:17 by volsung This is why any ‘green investor’ wouldn’t touch Drax |
Posted at 30/7/2020 13:14 by boozey Given the overall state of the market, you have got to give Andrew Skelton a lot of credit for that brave purchase - and CFO's are notoriously conservative with share purchases. With most sane investors in despair at the state of their portfolios, such a transaction is music to our ears. Mr Skelton knows how to send a message to the market. Drax is an island of sanity and safety in an otherwise sea of red in my holdings. At a time when most BoDs are struggling to cope with adjusting their business models and under pressure from shareholders accordingly, as for once they actually have to really earn their corn, a big shout out to the Drax Board for keeping a steady ship. They deserve investor support. Not many listed companies have achieved this in the last 6 months aside biotech and pharma.On another point, the purchase confirms there is no known bid looming for the company as it there was Mr Skelton could not have bought today. Let's hope no Directors will be selling to dampen this feel good moment! |
Posted at 11/4/2020 12:17 by panshanger1 Investors chronicle this week - buy rating following directors purchases |
Posted at 27/3/2020 16:12 by nickthegambler Yes panshanger - looks much better than before when it was tanking no matter what. maybe it shows the idiosyncratic nature of some of these lesser stocks and the fact that money could be made from that (but by better investors/traders than me!) |
Posted at 21/11/2019 13:52 by scotches Will Gardiner, Drax Group CEO said:“Drax’s purpose is to enable a zero-carbon lower cost energy future. We believe sustainable biomass has a long-term critical role to play. That’s why we plan to supply 80 percent of our biomass from our own sources – a significant increase on the 20 percent we currently self-supply. Supplying more of our own biomass will cut costs and reduce supply chain risks, ensuring our biomass power generation remains viable in the long term. When combined with carbon capture it will also enable negative emissions, helping the UK on its path to net zero by 2050.” |
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