disc0dave46

10/2/2025 09:51

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New subsidies deal for Drax wood-burning power station Https://www.bbc.com/news/articles/cwyplj7dkw2o

maty

19/1/2025 12:31

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Any news ... worth buying ?

disc0dave46

25/9/2024 16:59

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Shroders selling nearly half their stake.

boydduk

27/8/2024 08:33

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Hmm share price signalling something?

sengokusir

26/8/2024 06:20

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https://www.theguardian.com/business/article/2024/aug/25/police-acting-as-private-security-for-drax-power-station-say-climate-activists

wad collector

26/7/2024 21:59

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Impressive HY results seem to have surprised the market.

kash_

03/7/2024 18:35

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A close above 521p was key imo. Higher tomorrow?

j arthur rank

29/2/2024 07:52

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"The world must act now to address the climate crisis if we are to limit global warming to 1.5oC above pre-industrial levels."In your dreams! Will be much more than that.

disc0dave46

18/1/2024 12:07

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Any reason for the drop today?

disc0dave46

08/1/2024 10:45

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YepHttps://www.energylivenews.com/2024/01/08/uk-poised-to-greenlight-billions-for-draxs-beccs-plan/

brucethegoldfish

08/1/2024 10:10

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Share price activity this morning more likely due to UK government expected to approve billions for Drax’s BECCS plan

castleford tiger

08/1/2024 09:54

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Takeover speculation

disc0dave46

29/10/2023 11:15

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With this market breakouts are hard work IMO, any rises are being sold into.Thought this was breaking out above circa 445-450 but failed and could drift back towards 400. No TA but the fundamentals here look on face value to be undervalued (putting potential regulatory issues aside - but guess that's the crux of it!).

kash_

24/10/2023 14:58

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I got in based on the technicals a few days ago. Fundamentals looked decent too and Bank of America have been adding too. Yes it was oversold. Spotted in on my screener.

geckotheglorious

24/10/2023 14:30

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Drax falls are ‘overdone̵7;, says JOHCM’s Lowen
JOHCM’s James Lowen believes the fall in Drax (DRX) shares is ‘overdone̵7; given its critical position in UK energy generation.

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 environmentally̵7;.

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)

disc0dave46

24/10/2023 12:09

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Guessing it's been tipped somewhere?

kash_

20/10/2023 11:15

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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

kash_

20/10/2023 11:14

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Got some Drax. Currently a fraction underwater.

disc0dave46

27/9/2023 14:49

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Yep very sad!

geckotheglorious

27/9/2023 14:20

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disco0dave

Red ticker is because he hates you, what you say, no matter how relevant, doesnt come into it for the childish mofo.

Wouldn't let it get to you.

disc0dave46

27/9/2023 13:56

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To the down ticker, please explain why you disagree with posting news relevant to DRX?Https://www.thetimes.co.uk/article/drax-feels-heat-from-short-sellers-lcsl72x37

disc0dave46

27/9/2023 10:24

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Being shorted, 3.4%. Includes ShadowFall and Blackrock.

the codger

25/9/2023 09:19

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Back to lows of 2022
But an opportunity