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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Drax Group Plc | DRX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 5.00 | 0.97% | 518.50 | 15:09:45 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 520.00 | 513.00 | 527.50 | 513.50 |
| Industry Sector |
|---|
| ELECTRICITY |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 29/02/2024 | Final | GBP | 0.139 | 18/04/2024 | 19/04/2024 | 17/05/2024 |
| 27/07/2023 | Interim | GBP | 0.092 | 24/08/2023 | 25/08/2023 | 06/10/2023 |
| 23/02/2023 | Final | GBP | 0.126 | 20/04/2023 | 21/04/2023 | 19/05/2023 |
| 26/07/2022 | Interim | GBP | 0.084 | 25/08/2022 | 26/08/2022 | 07/10/2022 |
| 24/02/2022 | Final | GBP | 0.113 | 28/04/2022 | 29/04/2022 | 13/05/2022 |
| 29/07/2021 | Interim | GBP | 0.075 | 26/08/2021 | 27/08/2021 | 08/10/2021 |
| 25/02/2021 | Final | GBP | 0.103 | 22/04/2021 | 23/04/2021 | 14/05/2021 |
| 29/07/2020 | Interim | GBP | 0.068 | 20/08/2020 | 21/08/2020 | 02/10/2020 |
| 27/02/2020 | Final | GBP | 0.095 | 23/04/2020 | 24/04/2020 | 15/05/2020 |
| 24/07/2019 | Interim | GBP | 0.064 | 19/09/2019 | 20/09/2019 | 11/10/2019 |
| Interim | GBP | 0.064 | 18/09/2019 | 20/09/2019 | 11/10/2019 |
| Top Posts |
|---|
Posted at 24/10/2023 15:30 by geckotheglorious Drax falls are ‘overdone̵JOHCM’s J Lowen holds the Citywire Elite Companies AAA-rated stock in his £1.5bn JOHCM UK Equity Income fund and – despite a share-price tumble of late – he remains positive on its long-term prospects. He said there were a number of reasons for the fall, including the ‘ongoing noise around whether biomass is good or bad environmentally̵ In August, the government’s Biomass Strategy 2023 paper indicated ‘the potential extraordinary role which biomass could play across the economy, in power, heating and transportation, including a priority role in bioenergy with carbon capture and storage (BECCS)’. Currently, Drax produces 5% of UK electricity, making it ‘strategically important’, believes Lowen. ‘Put simply without Drax, system security and capacity would be impaired,’ he said. The shares were also dented by prime minister Rishi Sunak’s ‘row back’ on certain aspects of carbon reduction, albeit none linked to Drax’s operations, and ‘adverse commentary around factoring, which was correct but already fully disclosed in the annual accounts’. ‘We believe the fall is overdone,’ said Lowen. Shares in Drax were trading at 402p on Monday. (Emailed from Citywire this morning) |
Posted at 20/10/2023 12:15 by kash_ TodayDrax Group (#DRX) ? 417.7pBank of America Corporation #TR1 11.9% (? 0.11%) ~=0.4m #acquired 20/10 11:51 #RNS Holding(s) in Company |
Posted at 27/9/2023 14:56 by disc0dave46 To the down ticker, please explain why you disagree with posting news relevant to DRX?Https://www.thet |
Posted at 13/1/2023 09:30 by geckotheglorious Market underrates Drax, says Marlborough’s Chand-LallPower generation company Drax (DRX) has long-term potential that the market has not recognised, says Marlborough fund manager Siddarth Chand-Lall. Chand-Lall holds the stock in his £658m Marlborough Multi-Cap Income fund, and in a recent update noted the company’s ‘significant change’ following the closure of its last two remaining coal-powered sites in 2021. ‘Drax has transformed itself to become the UK’s largest generator of power from renewable sources including biomass and hydro,’ he said. ‘It has submitted plans to build a multi-billion-pound facility in North Yorkshire combining biomass power generation with carbon capture and storage. Drax plans to use this technology to achieve carbon-negative status by 2030.’ Chand-Lall noted the company’s high cash generation that supports ‘an attractive dividend yield of 3-4%’ and earnings that are forecasts to growth at an annualised rate of 18% between now and 2025. ‘Dividends per share have grown at an annualised rate of 10% over the past five years and that’s expected to rise to 12% this year,’ he said. The shares trade at a multiple of 9.4 times earnins but is in ‘the process of ambitious change and trading robustly’. ‘In our view, this is a company with strong long-term growth potential that is not reflected in its current valuation,’ said Chand-Lall. Drax shares gained 2.6% to 665p on Thursday. |
Posted at 20/12/2022 21:23 by geckotheglorious "Electricity Generators Levy"Publication by UK Government of further details of Electricity Generators Levy In November 2022, the UK Government ('Government') announced a windfall tax on renewable and low-carbon generators, termed the Electricity Generators Levy (EGL), to be implemented from 1 January 2023 and structured as a levy on power sales above a benchmark of £75/MWh. Through November and December, Drax has engaged with the UK Government regarding the precise details of the EGL, including the treatment of fuel costs for dispatchable generators. On 20 December 2022, Government published a technical note and draft legislation, which includes an allowable exceptional fuel cost element, increasing the underlying £75/MWh benchmark (indexed to CPI from April 2024). The allowable exceptional fuel cost will be calculated retrospectively based on the actual cost above a baseline fuel cost of £65/MWh or historical levels, whichever is lower. In its Trading Update, issued on 15 December 2022, Drax indicated an expectation for the cost of biomass generation in 2023 to be in excess of £100/MWh. The levy will apply to Drax's three biomass units operating under the Renewable Obligation scheme and its run of river hydro operations. The levy will not apply to Drax's CfD biomass unit, pumped storage hydro and coal generation. |
Posted at 07/10/2022 09:07 by ginty the brave Given the current economic and political climate, is DRX worth investing in? I would be looking for 650p + in the short term.Thanks for your thoughts. |
Posted at 30/9/2022 23:17 by halfpenny DRX……..Now its How Low How Soon still too Risky at this level… |
Posted at 24/8/2022 10:52 by geckotheglorious Castleford TigerPost 3649 "Geck Ok tell me whats green in your opinion? Wind turbines? Panels covering farm land? How about burning gas to produce electricity?" None of them are Green. "Clearly you are part of the green brigade that's caused all these problems by stopping using fossil fuels BEFORE we had enough green energy produced and stored. Green to me is TIDAL or HYDRO .( hydrogen for cars)" Hahaha Incorrect diagnosis. I am most certainly not part of the Green brigade as I do not believe in anthropogenic global warming/climate change or whatever tripe the Left is labelling it as. I do believe the climate is changing, but not because of man made activities. Tidal is getting there but still youve the environmental costs and infrastructure costs of preparing the site, shipping in the materials, then building the dam. "How can you compare EDF which is 84% owned by the state to DRX?" Because any Govt can nationalise any company in the strategic interest. And energy provision is the lifesblood of the economy, so highly strategic surely? "Government cannot just take a private company out.........its a very complicated and costly process" Yes they can. It's called using force majeure/state of emergency legislation. It might be costly but it is very doable, especially if power cuts because of serious concern. "DRAX BURNT COAL so wood pellets made from waste is in my opinion much greener and more Eco friendly" Deluded. Diesel used to ship them across the Atlantic for starters. A log burner, sourcing local wood is greener than Drax operations. "The oil used to ship ALL the wood here, is only 2% OF THE AVIATION FUEL used at Leeds airport on an annual basis" Another Diversion. So you DO AGREE that it isnt green then!!! But you're happy because Aviation fuel used at Leeds airport is worse!!! Talk about moving the goal posts. Private jets are worse. If we wanted to be serious about this alleged" man made climate change then they'd ground all private jets as they pollute even more than Leeds airport! Does that mean Drax is Green. Erm no. "So i think you are being pedantic tiger" Nope just being factual. Clearly, as evidenced above, you are unable to grasp such but think my comments are motivated by being a Green Eco Warrior etc. I am anything BUT! |
Posted at 11/8/2022 11:05 by viscount1 What French consumers pay on subsidised retail is irrelevant to the economics for DRX. What matters is wholesale prices in the EU which will remain escalated as long as gas is escalated. The UK has been exporting power on interconnectors over the last few months (normal in summer), and will probably carry on doing so in winter (which is unusual).This is constructive for DRX in the short-term. |
Posted at 07/1/2021 01:37 by cassini I'm in a quandary as to whether to take profits. Consider this scenario - someone buys 500 Drax shares at 200p, then it rises to 400p.His original outlay of £1000 bought shares that have now doubled in value to £2000 and the dividend is 8.15% - relative to his original buy price. Not bad at all. He gets 16.3p per share as a dividend (£81.50 dividend annually in total). However the dividend is actually 4.08% to a buyer at the current share price of 400p. He could sell up DRX and with the proceeds buy £2000 worth (1751 shares) of, say, DGOC instead. With a dividend of 10.85p/share (maintained through 2020 incidentally), his DGOC investment will return a dividend of £190 per year. He is now getting over double the DRX dividend payment (if held in a SIPP, as DGOC is subject to withholding tax). Considering the original outlay into Drax was £1000, that's a bit like getting a 19% dividend on the original £1000 investment inside of a year. All this supposes of course DRX does not climb in value much further and DGOC does not drop or stop paying the dividend. You can replace DGOC with a similar high yield share. Of course Drax could climb higher - it's been much higher in the past, but it's met resistance at ~400p since 2015. Decisions, decisions... |
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