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DRX Drax Group Plc

498.60
-4.20 (-0.84%)
Last Updated: 13:50:14
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Drax Group Plc 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
  -4.20 -0.84% 498.60 498.40 499.60 507.40 492.30 492.30 78,980 13:50:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 8.13B 562.2M 1.4615 3.41 1.92B
Drax Group Plc is listed in the Electric Services sector of the London Stock Exchange with ticker DRX. The last closing price for Drax was 502.80p. Over the last year, Drax shares have traded in a share price range of 395.20p to 655.60p.

Drax currently has 384,682,565 shares in issue. The market capitalisation of Drax is £1.92 billion. Drax has a price to earnings ratio (PE ratio) of 3.41.

Drax Share Discussion Threads

Showing 4101 to 4120 of 4800 messages
Chat Pages: Latest  168  167  166  165  164  163  162  161  160  159  158  157  Older
DateSubjectAuthorDiscuss
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
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
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
24/2/2016
08:53
Coal plant will be shut whether sooner or later. Meanwhile they are awaiting a European Commission decision on state aid for another biomass plant to replace Drax Power Station.

If granted who is paying the state aid? UK or Europe?

What will happen a few years ahead profitability wise? How can DRX be competitive unless it switches to gas and with massive investment?

The only hope here seems to be if gas prices go through the roof ( increasing electricity prices) so DRX's margins are increased..

nick rubens
23/2/2016
14:30
Forward P/E of over 30....nice!
topvest
23/2/2016
12:53
Forecast for this current financial year is even lower earnings.

EPS forecast 8.13p

That means dividend will be half that at 4.06p, yielding 1.6%

Not sure what the way forward to restore any shareholder earnings is, though salaries will remain fine meanwhile.

nick rubens
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