Share Name Share Symbol Market Type Share ISIN Share Description
Drax Group LSE:DRX London Ordinary Share GB00B1VNSX38 ORD 11 16/29P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.80p -0.28% 280.20p 279.80p 279.90p 284.00p 278.60p 281.50p 881,143.00 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 3,065.0 59.0 14.0 20.0 1,139.55

Drax Share Discussion Threads

Showing 4101 to 4123 of 4125 messages
Chat Pages: 165  164  163  162  161  160  159  158  157  156  155  154  Older
DateSubjectAuthorDiscuss
07/9/2016
17:07
Climate change discussions in parliament (chan131now ) reveal cancellation of Carbon Capture project means replacement of coal fired by gas fired plants is no longer viable as this was part of the justification for replacement and also results in failure to probably meet other targets. Also mentioned is silly to give grants for tricity powered cars when the tricity is generated from coal !
advfntom
05/8/2016
11:44
Just entered a long trade, looking positive to me.
bigdazzler
15/7/2016
22:28
Just reading cna has got gas storage issues and gas price has shot up, hopefully drax should be busy this winter
rolo7
11/7/2016
19:50
hTTp://www.managementtoday.co.uk/article/1401623/keeping-lights-drax-boss-dorothy-thompson "solid currency hedge against the dollar" "Equally challenging has been developing the supply chain for the renewable fuel, which is shipped in the form of compressed wood pellets to Drax’s North Yorkshire home, all the way from forests and sawmills in the USA. It’s a long journey involving trucks, ships and rail transport that has led to criticism that the biomass really isn’t very sustainable at all. ‘You can understand why people would think that, if you don’t understand the developments in the supply chain then you would picture something very inefficient, but we have great technology so we can minimise the carbon used." "But why not source more locally? ‘Something like 50% of the fibre we use is the residue from sawmills, we are using their leftovers. You need a large working forest to supply that demand, and there are none large enough in the UK.’" "The prospect of selling its biomass technology package abroad is now on the cards, with interest being expressed particularly by the Japanese." "We feel hard done by because if grid services were charged on a equitable basis then it would be very clear that we are a good low-cost solution." "A better appreciation of costs might also help her in her goal to convert the remaining units at Drax to full biomass operation, helping to end the era of coal fired power stations in the UK. In the meantime, she is confident that we won't need to stock up on candles, whatever Brexit throws at us. "There is a capacity squeeze – it will be a bit tighter this winter and we are closer to having an event, but I believe there has been sufficient foresight. I support the view that the lights must stay on and I think the National Grid has been innovative in the way it protects the UK.’"
scotches
05/7/2016
10:59
Presumably they can convert back to coal if needed?
zcaprd7
01/7/2016
15:17
@Scotches, Cheers Scotches. Sooner this little discrpeancy on how Britain manages its energy policy the better imo. Rising population coupled to falling generation capacity does not make a good combo!
fangorn2
27/6/2016
07:09
Presumably the allocation of CFD status or the lower assistance rate previously determined by EU approval is no longer relevant?
fangorn2
25/6/2016
19:16
I might revisit Drax. What are the brexit implications, can we start buying coal again?
zcaprd7
08/6/2016
19:27
Wonder who? "One plant was paid £1,250/MWh – more than 30 times the usual price of power – after the Grid issued the "Notification of Inadequate System Margin" (Nism) requesting more electricity be generated between 7pm and 9.30pm. A Nism alert has not been issued in summer months since 2008 as the warm weather means power demand is normally lower. But the combination of the large number of coal and gas power plants shut down for maintenance, the series of unplanned shutdowns and wind power being lower than expected together forced Grid to take the unusual step." FWIW This share could fly up as quickly as it came down in the right circumstances ... and if we keep seeing these sort of things (note in Summer months), those "circumstances" could appear sooner rather than later. DLook had EoD trade of c1,300,000 shares (c£4m) going through today ...
the_owl
12/5/2016
13:56
http://www.telegraph.co.uk/business/2016/05/10/britain-gets-no-power-from-coal-for-first-time-on-record/
zcaprd7
02/5/2016
18:42
It appears that Drax is benefiting from the endless delays of the Hinkley Pt plant construction and incoherent govt energy policy. As electricity demand steadily grows, there is a real risk of blackout during peak demand periods. Not sure to what extent the supply shortage can be alleviated by more inter connectors to European power suppliers.EDF looks in trouble.
harvester
26/4/2016
19:03
Ferryhill gone, Eggborough gone - only Drax producing on the Yorkshire belt. Power prices low (so mid-long-term profits bound to come when power is sold back high). Oil stabilising & going back up (= power prices up). Drax is a strategic asset and part of the black-start (for which see above). Recent AGM shows weathering the commodity storm & govt hamperings well IMO. Worth being on the watch-list. I'm a buyer/builder at +350p
the_owl
26/4/2016
09:56
Looks like I left too soon...
zcaprd7
18/4/2016
19:11
http://www.telegraph.co.uk/business/2016/04/17/costs-of-blackout-emergency-plan-soar-as-coal-plants-paid-to-kee/
zcaprd7
12/4/2016
13:07
And I'm out for a 5 percent gain plus whatever divis. Too much uncertainty, and trimming UK exposure before brexit...
zcaprd7
11/4/2016
12:03
DB trimming. I think they got a good price a few months back though...
zcaprd7
07/4/2016
18:11
Mattjos, I am not sure of the relevance of all that, but, I am fairly sure that the chart in the short term is pointing higher - which is why several days ago I went long in a significant way at 285p. I reckon 350p is achievable within the next couple of months.
yasx
04/4/2016
07:25
Interesting support devices deal, what's that all about?
zcaprd7
03/3/2016
16:19
Yeah. Switch it off and then charge over the odds for their biomass electricity at auction...
zcaprd7
25/2/2016
09:08
I think Drax has been dealt an unfair hand by the government. Could they just switch Drax Coal PowerStation right off if it becomes loss making or approaches it? I assume the biomass ones are more economically viable though not competitive enough to gas(especially when lower gas prices are lowering the electricity price).
nick rubens
24/2/2016
23:49
Not really a fair argument. If not for the carbon tax on one hand and the massive subsidies given to wind farms e tc. The fossil fuel plants would be raking it in. Next winter could be interesting, though that's a long time away in the stockmarket world. I shall continue to monitor the situation
boffster
24/2/2016
12:54
Cheers Fanghorn. I'm not a fan of EU dictating UK policies especially as In Human Rights Courts cases over the years, which have been ridiculous. However for Drax they may be a lifeline. If they don't get state aid (under authority from Europe) then this bleak earnings outlook will be exacerbated further by funding requirements for the next Biomass Unit to replace Drax Coal Station. I've been concerned with this whole 'Green' approach in trying to compete with Modern Gas Power Stations for sometime.
nick rubens
24/2/2016
12:07
@Nick UK pays, EU gives say so on whether they can or cannot!!! ie It's out of the control of the government the UK population elected, instead being decided by some unelected busy body we can never boot out. Energy security should be determined solely by UK government with no outside interference. #Brexit.
fangorn2
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