Beeks must admit halfpenny appeared from now where just as the shares peaked seen it many times before don't get the logic on such a quiet board but then life's a game which is short just make sure you don't waste it as one day reality may dawn when its too late good luck with your investing |
27-May-22 Barclays Overweight 1,170.00 1,170.00 Reiteration
20-May-22 JP Morgan Cazenove Overweight - - Reiteration
16-May-22 Barclays Overweight 980.00 1,170.00 Reiteration
11-May-22 Morgan Stanley Overweight - - Reiteration
29-Apr-22 RBC Capital Markets Outperform 925.00 1,150.00 Reiteration
I don't see must negativity there.
I added yesterday another 7500 shares.
tiger |
580 soon some say 540 or less. Very very Risky and a disaster with Dividends falling towards Zero |
Halfpenny sounds like a proper clueless chancer. |
Breaking news a disaster for DRX. Investor confidence in electricity generators has been dampened by reports Chancellor Rishi Sunak could extend the windfall tax to renewable energy sources. Now seems very likely. Fall to 600p and less soon.. |
Yes this is a Dead Cat Bounce as we Fall Down towards 580 or less. Bank also agrees.. |
Breaking down towards 600 as more bad news flow. more Taxes being imposed as we hit a Winter of more Energy shocks… Drax margins will be hit with layoffs as more want more pay which Drax cant afford on slow growth and Tax hits.. Risky at these levels… |
Where's your £4 being tested? Muppet. |
DRAX new High Tax levels still to be determined. Yes take from rich give to the poor. Be patient as 600 will be tested so don't be tempted as rally falters. Be careful as Drax can fall very quickly. Some say 580 target so it may overshoot lower 550 or below.. |
As more bad news flow we could see Dead Cat Bounce. Mmmeeeooowww ouch!! 600 support to be tested so be careful its still Risky.. |
Should have never listen to derampers here and brought in here. |
I have bought all the way down and back up again
tiger |
halfpenny31 May '22 - 08:56 - 3565 of 3568
0 0 0
Still have more bad news as clarity and length of penalties. Years some say so its a big hit down for DRAX. Too Risky at these levels. Waiting and smiling as my forecast comes true. 600p next level to be tested!!
..wrong again... what's the rationale behind the price fall? |
Was going to buy here today but after reading posts here ,decided not to . |
Read the article yesterday in the FT
Almost every paragraph is about the government desperate to fill potential energy gaps and power outages. It doesn't look good, doesn't look good at all, for the UK. Probably great for Drax. |
@halfpenny,
If you have certain knowledge of this bad news and penalties would you like to share that? Demand should stay high, the causes of inflated energy costs are not going to resolve any time soon and yesterday one of the UKs nuclear reactors confirmed it would not extend beyond its scheduled shutdown taking more UK based power generation out of the equation. You may know something we dont but I see lots of potential and a company that is proactively driving green energy, including storage capacity, backed by government. |
Still have more bad news as clarity and length of penalties. Years some say so its a big hit down for DRAX. Too Risky at these levels. Waiting and smiling as my forecast comes true. 600p next level to be tested!! |
halfpenny24 May '22 - 13:14 - 3553 of 3555
0 1 1
If it breaks 500 the next level of support is 400. Hmmm may even test that levels as Windfall kicks everyone in the nuts!
...why not change the tune? |
Will Drax have a second Dead Cat Bounce below 600? Still too risky at this level as bottom not reached yet! Without clarity falls are likely in my view. How Low How Soon!! |
Told u fall with support at 600 if that breaks 500 on the cards. Too Risky at these levels and Dead Cat Bounce came true. So now its How Low How Soon. |
Richard
i agree.
the 2 coal units the government have suggested an extension to the term given.
The rest of the business is energy from bio mass and renewable.
tiger |
I have not yet seen a clear statement that details how the amount claimed from each producer will be calculated but it was my understanding that due to the nature of Draxs work on converting to a clean energy business, with new innovative projects still be developed, the business was guaranteed to be receiving substantial government subsidies for some years. It would seem rather illogical to substantially tax the business at the same time as paying subsidies. |
Its a justified CORRECTION with 600 being tested soon So now do you believe me. Get out whilst you can…Too Risky !! |
Will they hit Drax a producer of clean energy?
tiger |
So get ready for the Dead Cat Bounce. Too risky at these levels but support at 600 then 500 as 600 breaks down. |
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