Drax Investors - DRX

Drax Investors - DRX

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Stock Name Stock Symbol Market Stock Type
Drax Group Plc DRX London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-17.00 -4.05% 403.00 16:35:13
Open Price Low Price High Price Close Price Previous Close
427.40 397.00 427.40 403.00 420.00
more quote information »
Industry Sector

Top Investor Posts

volsung: This is why any ‘green investor’ wouldn’t touch Drax https://www.theguardian.com/business/2021/mar/23/green-groups-dispute-power-station-claim-biomass-carbon-neutral?fbclid=IwAR0jEN8AhU8mlO4gPtS8AC2tVSUhKoI0GR7x323o-h3EFgu-W5OEi2pEgE0
boozey: Given the overall state of the market, you have got to give Andrew Skelton a lot of credit for that brave purchase - and CFO's are notoriously conservative with share purchases. With most sane investors in despair at the state of their portfolios, such a transaction is music to our ears. Mr Skelton knows how to send a message to the market. Drax is an island of sanity and safety in an otherwise sea of red in my holdings. At a time when most BoDs are struggling to cope with adjusting their business models and under pressure from shareholders accordingly, as for once they actually have to really earn their corn, a big shout out to the Drax Board for keeping a steady ship. They deserve investor support. Not many listed companies have achieved this in the last 6 months aside biotech and pharma. On another point, the purchase confirms there is no known bid looming for the company as it there was Mr Skelton could not have bought today. Let's hope no Directors will be selling to dampen this feel good moment!
panshanger1: Investors chronicle this week - buy rating following directors purchases
nickthegambler: Yes panshanger - looks much better than before when it was tanking no matter what. maybe it shows the idiosyncratic nature of some of these lesser stocks and the fact that money could be made from that (but by better investors/traders than me!)
scotches: hTTps://www.drax.com/investors/investment-programme-in-biomass-capacity-expansion-and-cost-reduction/ Will Gardiner, Drax Group CEO said: “Drax’s purpose is to enable a zero-carbon lower cost energy future. We believe sustainable biomass has a long-term critical role to play. That’s why we plan to supply 80 percent of our biomass from our own sources – a significant increase on the 20 percent we currently self-supply. Supplying more of our own biomass will cut costs and reduce supply chain risks, ensuring our biomass power generation remains viable in the long term. When combined with carbon capture it will also enable negative emissions, helping the UK on its path to net zero by 2050.”
catscats: does anyone know why the share price is so weak...i can only guess that it is being sold by ex Woodford funds (St James Place) since Woodford has sold his in the EIF. Or maybe investors don't believe that the suspended gov subsidy will be re-instated...or broker downgrades....?
minerve: rburtn I don't think it is idiotic. There are plenty of issues to be addressed but it is one part of the problem that has been shown to work at plant level. Good on them IMO. I am pleased I am an investor in Drax.
minerve: But wait, maybe they swallowed the info and like it. I did a bit of researh last night and I would, as an investor, like the pumped storage assets in the Drax portfolio. I've actually visited the site in Scotland. Impressive. At one point it was going to be expanded but I think they were looking for government support which didn't materialise. Perhaps they should have changed their name to Scottish Power Housing! That would have got the numpty Tories interested. LOL
nick rubens: profits and dividends have been disappearing continuously for many years here. I'm surprised it has such a big market value myself. Maybe Investors think, one day it may earn something meaningful for the owners. I can't see it myself and I'm not aware of any job losses over the last ten years as profits declined. Not sure where the 60p EPS forecast comes from? lol
walbrock82: The company has been a subpar performer for L-T holders with inconsistent dividend payments. Recently, it recovered some lost ground. There are some things investors may find interesting in 2017: - -Net Profit won’t be boosted by Forex gains and derivative contracts unless both the Pound and commodities prices took a dive. -Net Profit won’t be boosted by Opus Energy because they made £14m. -Free cash flow will turn negative this year. -And, total debt will rise to £750m to £800m, with annual interest costs ranging from £40m to £50m. For more, please visit: http://bit.ly/2qz30Jg What do the analysts think? From 17 analysts, they think about the following: - -Analysts are confident that dividend payment will increase to 9 pence per share in 2017 and rise to 14 pence, a year later. -EPS is expected to rise to 9 pence this year and jump to 17 pence a year later. -Revenue is forecast to grow by £3.5bn this year and rising to £3.62bn.
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