Sse Share Discussion Threads

[wad collector] 07/5/2024 23:04

News travels slowly sometimes...

[lammergeier] 07/5/2024 21:51

[...]

Talks of a possible break-up of SSE were at the top of the agenda on Monday morning, after it emerged over the weekend that activist investor Elliott Management had built-up a stake in the power generator.

[bountyhunter] 04/5/2024 11:03

SSE's green energy credentials are more in line with Labour's likely policies than any of the other major utilities as far as I see it. SSE may stand to benefit from that. The share price has been trending upwards over the last three months rather than descending.

[wad collector] 04/5/2024 10:23

It is difficult to assess the threat to SSE from a shareholders perspective. Clearly under any government the sector needs to thrive and SSE holds some valuable assets. But whether Labour will confiscate them on the justification that they should be under public ownership is the key question to me. Renationalisation would be a hard pill to swallow but Starmer has not definitively ruled it out. A more gradual under-mining of shareholders value seems more likely.We will have to see the manifestos to have more clarity , not that they are exactly reliable markers of future actions.
Simplistically the share price will fall as the election gets closer and that threat rises, I would have thought.
Historically the share price actually rose during Blairs tenure then fell sharply in Browns time before rising during Cameron's first Government. These of course are fairly valueless observations in complex situations.
As the price has risen recently I am tempted to take out most of my holdings rather than risk a fall towards election time. Or maybe I am being too cautious...

[jrphoenixw2] 03/5/2024 22:13

This will be relevant soon. Re: earlier chat^:
' Voter apathy will unleash a Labour government far more dangerous than many realise
Starmer’s cautious approach appears to be paying off. But make no mistake: he is a socialist in centrist’s clothing'

[bountyhunter] 03/5/2024 14:44

It may be impossible to protect hard earned life savings whether invested or not under a Labour government. Those who have frittered away their money all their lives may well be the likely benefactors. Unless you have bought a second home which they may protect!!

[jrphoenixw2] 03/5/2024 13:04

....resilience to the industry, well maybe, if lucky.
But under Labour resilience to increased taxes on income/capital made by shareholders.... sadly not a chance!

[bountyhunter] 03/5/2024 11:23

Topped up at 1703. Any of those targets would show a good return and with the emphasis on green energy there should be some political resilience here.

[skinny] 03/5/2024 11:03

FWIW :- Berenberg raises SSE price target to 2,100 (2,000) pence - 'buy'

[skinny] 17/4/2024 10:45

FWIW :-

RBC cuts SSE price target to 1,925 (2,050) pence - 'outperform'

Goldman Sachs raises SSE price target to 2,424 (2,403) pence - 'buy'

[wad collector] 12/4/2024 14:52

JPM in the last 2 yrs have altered their target price from 2100 to 2125 to 2050 and now 2075. So hardly changed at all . Sadly never been above 1910 in that time.

[skinny] 12/4/2024 12:46

FWIW :- JPMorgan raises SSE price target to 2,075 (2,050) pence - 'overweight'

[wad collector] 07/4/2024 10:35

Big article in IC on SSE questioning its net zero strategy. Points out that the big investments in connections from offshore windfarms and Scottish Islands , though expensive, will hugely raise the Regulated Asset Base that the regulators use to determine the limits on profits. Potentially this should allow bigger profits.
The profit from the renewables is also rather dependant on the numbers in the auctions for new projects and whether the subsidy rises will entice SSE remains to be seen.
Their conclusion , FWIW , is that if you believe a UK Government will have to put more money into windfarms then SSE looks undervalued in the medium term.

Mind you it makes no mention of any potential future Labour Government re-arranging SSE.

[jrphoenixw2] 30/3/2024 11:43

SSE PLC NOTIFICATION OF CLOSED PERIOD 27 MARCH 2024

• 2023/24 adjusted earnings per share expected to be in the range of 152 – 160 pence,consistent with previous guidance.

• On course to deliver investment of around £2.5bn this financial year, reflecting high-quality project pipeline and disciplined capital allocation.

• Reaffirming target of 175 – 200 pence adjusted earnings per share for 2026/27, as the Group continues to deliver the Net Zero Acceleration Programme Plus.

PRE-CLOSE TRADING UPDATE
SSE today updates the market that it expects full-year 2023/24 adjusted earnings per share to be between 152 – 160 pence. This narrower range is consistent with previous guidance of more than 150 pence, and reflects renewables output 13% below plan for the year to 21 March 2024 as well as SSE Thermal delivering adjusted operating profit of more than £750m.

The Group remains on track to report full-year 2023/24 capital expenditure of around £2.5bn, as it continues to progress its high-quality project pipeline. This is underpinned by a strong balance sheet, with adjusted net debt and hybrid capital expected to be around £9.5bn at 31 March 2024.

In the longer term, the Group continues to focus on the delivery of the investment, operational and financial growth targets as set out in the Net Zero Acceleration Programme Plus. This includes reaffirming the target of 175 – 200 pence adjusted earnings per share for 2026/27. The full-year Results presentation and Q&A session will be conducted virtually on 22 May 2024.
Source:

[wad collector] 19/3/2024 10:54

ESO publishes a plan ...
hxxps://www.nationalgrideso.com/news/eso-publishes-beyond-2030-ps58bn-investment-plan-future-britains-energy-system

[tuftymatt] 04/3/2024 11:02

😂 1900 would be nice to see at some point this year. We almost got there a few months back so it's not that much of a stretch.

Good luck all 👍🏻

[skinny] 04/3/2024 10:43

FWIW :- Berenberg cuts SSE price target to 2,000 (2,300) pence - 'buy'

£20 would be higher than I've ever seen, but then I've only held for 14 years!

[witheco] 28/2/2024 18:01

The thermal "fossil fuel' division is being ( has been) scaled down. Not sure how renewables will perform here - need to look into the EV market which is suppressing potential.

[skinny] 19/2/2024 10:04

FWIW :- Jefferies raises SSE to 'buy' (hold) - price target 1,850 (1,620) pence

[pierre oreilly] 16/2/2024 10:20

Just belatedly joined you wad.

Seems to have been reaffirmed they'll be throwing loads more cash at useless windmills so sse will gain from that. Not forgetting their fossil fuels generation which will be raking in extremely high amounts from the capacity market and even more when scheduled to generate.

[wad collector] 09/2/2024 16:01

Added at 1560. Seems to have hit bottom, though I am usually wrong.