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
  -0.10p -0.03% 380.20p 380.00p 380.40p 383.00p 377.40p 378.00p 334,875.00 14:52:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 3,065.0 59.0 14.0 27.2 1,546.24

Drax Share Discussion Threads

Showing 4126 to 4150 of 4150 messages
Chat Pages: 166  165  164  163  162  161  160  159  158  157  156  155  Older
DateSubjectAuthorDiscuss
04/1/2017
11:57
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?
uncle john
19/12/2016
13:33
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. hxxp://europa.eu/rapid/press-release_IP-16-4462_en.htm 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."
keelstow
19/12/2016
12:40
Well, that might help! £4 is the obvious looking resistance...
zcaprd7
19/12/2016
10:54
Societe Generale 19/12 Upgrades Hold Buy 415.00p
minerve
19/12/2016
10:49
What's going on here today?
hem007
16/12/2016
11:46
No warnings at all. Within range.
minerve
13/12/2016
10:30
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...
zcaprd7
12/12/2016
08:09
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?
fangorn2
12/12/2016
00:19
Going to be bottom of the range. Warning that it is going to be lower than the average of the forecasts...
zcaprd7
08/12/2016
22:33
Where's the earnings warning then?
fangorn2
08/12/2016
19:56
Earnings warning then...
zcaprd7
07/12/2016
12:16
So no "profits warning" then... Thanks for the clarification.
fangorn2
06/12/2016
20:54
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
zcaprd7
06/12/2016
19:50
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?
fangorn2
06/12/2016
19:47
Surprised it went up, as it admits defeat, and is a profits warning as well...
zcaprd7
06/12/2016
13:29
Bit annoying, I was sniffing around these as part of a "trump" portfolio...
zcaprd7
06/12/2016
13:27
I think the note on cfd2 helps
scemer
06/12/2016
09:50
Well the market seems to like this statement and proposed acquisition. Good strategy for growth imho.
mobtheplod
06/12/2016
09:50
Well the market seems to like this statement and proposed acquisition. Good strategy for growth imho.
mobtheplod
05/12/2016
19:54
Keeps dropping this one?
zcaprd7
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
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