||ORD 11 16/29P
||EPS - Basic
||Market Cap (m)
Drax Share Discussion Threads
Showing 4126 to 4149 of 4150 messages
|So, as suspected, the offers are made.|
|Just thought some would be interested LEONIDAS. Take it or leave it.|
|zcaprd7 16 Feb '17
"I think it might be the passing over of uncertainty to shareholders, via the dividend policy?"
Some would see that as prudence. They could be more assertive on dividend policy and get it wrong and then be in the position of oil majors paying dividends - some would argue - they cannot afford.|
|Yes it seems like it. I'll probably sell my holding and move on..|
|I think it might be the passing over of uncertainty to shareholders, via the dividend policy?|
|Yes even with guidance the market probably doesn't like the operating losses and decreasing margins
There was a one off Asset obsolescence charges of 109.2m in 2015 applied to the income statement that skews the headline profit before tax increase of 242% (59m to 197m). Excluding this adjustment and the rise is around 17% which is still respectable.
Diluted EPS is 47p so at time of writing I PE around 7.5p
The balance sheet is strong though.
I am not an expert in this market though, but I have invested as part of a diversified portfolio.
I currently HOLD.|
|Blimey, they met guidance, Mr market still not happy though?|
|Brooker from the telegraph isn't a fan :This collective act of make-believe is devastating our environment and our budgetshttp://www.telegraph.co.uk/news/2017/01/28/collective-act-make-believe-devastating-environment-budgets/|
|Hi, I am new to this share, the chart is good and the theoretical value is a about 70p higher than present. But it seems that $125 /Mwh is very high compared to rest of world. Therefore how secure is this income?|
|EC approval today
Drax confirms that the European Commission (EC) has today approved the CfD Investment Contract(1) , awarded to Drax by the UK Government, for its third biomass unit conversion.
The strike price remains GBP100/MWh(2) and there are no changes to the terms of the contract.
The unit will commence operating as a fully converted biomass unit under this contract in the coming days, having previously operated as a co-firing unit under the Renewables Obligation.
Approval of this contract was a condition of the proposed acquisition of Opus Energy and today's announcement represents a positive step towards the completion of this process.
Dorothy Thompson, Chief Executive Officer of Drax Group, said:
"We are pleased the European Commission has completed its review of the contract and approved it in line with our expectations. We now look forward to fully converting the unit to run on sustainable biomass.
"Drax is already playing a vital role in helping change the way energy is generated, supplied and used as the UK moves to a low carbon future.
"With the right conditions, we can do even more, converting further units at Drax to use sustainable biomass in place of coal and through rapid response gas projects to plug the gaps created by intermittent renewables.
"Our plans for greater diversification will deliver a package of reliable, affordable electricity to the UK's households and businesses."|
|Well, that might help! £4 is the obvious looking resistance...|
|Societe Generale 19/12
|What's going on here today?|
|No warnings at all. Within range.|
|Yes. I suppose. But given the wording that went with it, I don't think anyway would be surprised if we are lower than the bottom of the consensus, which I believe was the point...|
|Looks to be within the parameters given, albeit not at the top,but at bottom of said range.
That's "in line" then surely?
If it was slightly less than bottom of range it'd be a profit warning no?|
|Going to be bottom of the range. Warning that it is going to be lower than the average of the forecasts...|
|Where's the earnings warning then?|
|Earnings warning then...|
|So no "profits warning" then...
Thanks for the clarification.|
|Hmm, maybe it's because everything is going brilliantly, but they're at the bottom of the range? Trading and Operational PerformanceSince publishing its half year results on 26 July, trading conditions in the markets in which Drax operates have improved, with higher power and commodity prices.Drax's second major planned biomass unit outage was completed over the summer. The outage commenced earlier than planned due to a generator issue but has now been completed with no biomass related issues identified. Both biomass and coal operations are currently performing well, although availability of biomass units over the period has been lower than forecast due to the generator issue noted above and an unplanned outage on fuel feed systems.As noted above, the CfD Investment Contract(2) awarded by the UK government remains subject to approval by the European Commission and Drax remains confident of approval of this contract.Taking these factors into account, amongst others, based on the current power prices and good operational availability for the remainder of the year, alongside CfD revenues during December, Drax continues to expect full year EBITDA(5) to be around the bottom of the range of current analyst forecasts(6|
|How is it a profits warning?
"Drax continues to expect full year EBITDA(5) to be around the bottom of the range of current market forecasts £135m-£169m"
In line surely?
Albeit at bottom of range.
Where's the warning...
What did I miss?|
|Surprised it went up, as it admits defeat, and is a profits warning as well...|