Drax Share Discussion Threads

[nick rubens] 08/7/2015 16:21

cheers FangHorn2

I watched the promotional Video once and it sounded to good to be true at the time.

Sometimes you have a gut feeling when they claim 'everyone is a winner' type situations.

[nick rubens] 08/7/2015 16:19

Not many traded either, so not a real panic sell off as such.

[nick rubens] 08/7/2015 16:17

So far no one here has said they are buying any shares.

[fangorn2] 08/7/2015 16:15

They don't cut down trees. They use the offcuts etc from trees that would've been cut down anyway ....

[nick rubens] 08/7/2015 16:14

Where do Drax go from now? Massive investment to Gas powered?

I always though that biomass was BS. Something didn't seem right cutting down lots of trees like that.

[apfindley] 08/7/2015 16:14

Independent Resources IRGIRG farmout news coming soonMarket cap £1.1mill108mmbblsLight oil discoveredDrilling again soonMoving just 35mmbbls in "reserves" category will give £350millOr 150p a IRG share.Go do research IRG massively undervalued

[fangorn2] 08/7/2015 16:12

27% down you'd expect them to say something surely?

or perhaps they will, after market close.....

[nick rubens] 08/7/2015 16:11

I wonder if DRX ought to request suspending the share pending clarification of potential financial impact.

[liam1om] 08/7/2015 16:00

Good post from ucabwoo on LSE:

CCL LECs are essentially certificates granted to companies that have lots of renewable generation. CCL (Climate charge levy) is charged as part of the cost stack in the energy bill (it's about 4/5 quid per MWH). Haven in the past have been very competitive as they sit on all these LECs generated by DRAX allowing them to undercut the big six (by discounting the cost stack using the certificates) and win lots of business from them. This will no longer be the case and they will have to face the big boys on a level playing field. As such cash flow is very uncertain and revenue forecasts will be significantly revised downwards. Source...I work in the industry.

[nick rubens] 08/7/2015 16:00

8% of the market, but it's using out of date and expensive coal powered stations and switching to even worse out of pocket biomass.

Barmy scenario.

[nick rubens] 08/7/2015 15:53

Anyone dare buy or add to existing holdings thinking the market is totally wrong?

[nick rubens] 08/7/2015 15:52

"Do you know what % of power Drax provides to the country......you can't just let it shutdown FFS!!!"

I'm not paying my money to rescue it, and that's for sure. I've been taken in by enough companies over the last 20 years.

Investing is meant to bring returns for shareholders and not just endless wage gravy trains and then they blame external forces.

I've held enough companies that have gone bust or are 99% down and still doing endless placings.

[deanroberthunt] 08/7/2015 15:52

LOL, how can that be relevant!

[specul82] 08/7/2015 15:49

Support in 2005

[pottsypotts] 08/7/2015 15:39

Well i own infinis energy ( renewable energy company) also which have dropped 8%, but 25% is drastic, need someone to make sense of this!

[deanroberthunt] 08/7/2015 15:36

WTF?!!!

IS THIS AIM FFS!!1

[fangorn2] 08/7/2015 15:31

~Spec

On what basis? merely plucking a number out of thin air helps no one.
Where are your numbers behind this £2 call?

[boffster] 08/7/2015 15:31

Drax is far from outdated. They've spent hundreds of millions on turbine upgrades and I believe is one of the most efficient thermal stations in the country.

[specul82] 08/7/2015 15:29

£2 today sorry

[pottsypotts] 08/7/2015 15:27

8% of the country's electricity Produced by Drax

[deanroberthunt] 08/7/2015 15:26

Do you know what % of power Drax provides to the country......you can't just let it shutdown FFS!!!

Grow up peeps...

[nick rubens] 08/7/2015 15:25

Company needs to make a statement asap on todays budget impact on it's long term viability and it won't be good IMO.