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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Drax Group Plc | LSE:DRX | London | Ordinary Share | GB00B1VNSX38 | ORD 11 16/29P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
3.00 | 0.55% | 553.00 | 553.50 | 554.50 | 564.00 | 551.50 | 551.50 | 821,539 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Electric Services | 8.13B | 562.2M | 1.4615 | 3.79 | 2.13B |
Date | Subject | Author | Discuss |
---|---|---|---|
08/7/2015 21:55 | Does that mean the company will go down? | vk74 | |
08/7/2015 20:23 | fall seems overdone... or at least I hope after punting in @261. I'll have some explaining to the wife if this don't turn up | grlz | |
08/7/2015 20:19 | Wont the announcement today cause electricity prices to go up ? | yobstol | |
08/7/2015 20:03 | Overall it is good that Osborne has stopped these green subsidies. solar panel farms and windmills are a subsidised blot on the landscape. a punch in the nose for the tree huggers is good. Drax is important. We need electricity. A special punt in a changing World. I will hold these I bought today long term. | careful | |
08/7/2015 18:46 | wft HAPPENED TO DRAX? 200p tomorrow? close in auction at 254.60p | bad robot | |
08/7/2015 17:50 | £30m PnL hit.RBC Capital estimated it to be worth a 50p FALL before benefits of lower corp tax. Yet we've fallen nearly 100p . "RBC Capital Markets said the move was "a big negative for renewable generators". It said the biggest impact within its coverage will be on Drax, which it rates at 'sector perform'. It expects an impact of around 50p a share, before offsetting with benefits from the lower corporate tax rates also announced in the budget. | fangorn2 | |
08/7/2015 17:31 | when i buy it is a contrarian indicator. | careful | |
08/7/2015 17:30 | TIDMDRX RNS Number : 5538S Drax Group PLC 08 July 2015 8 July 2015 Drax Group plc (Symbol:DRX) Climate Change Levy Announcement The Government has today announced that it will remove the Climate Change Levy (CCL) exemption for renewable electricity generated after 1 August 2015. Whilst we are still assessing the impact of this change, our initial estimate is for a reduction in EBITDA in the region of GBP30m in 2015 and GBP60m in 2016. Thereafter we expect the impact to reduce. As noted by the Government in its announcement today, the value of CCL exemptions is expected to be negligible by the early 2020s. Dorothy Thompson, Chief Executive Officer of Drax, commented: "We are surprised and disappointed at this retrospective change to a support regime which has been in place since 2001 specifically to encourage green energy and support renewable investment." | tonysss13 | |
08/7/2015 17:22 | fall this pm seems to reflect the reduction. Any thoughts? sp. | spracklin | |
08/7/2015 17:15 | What happened guys? | vk74 | |
08/7/2015 17:15 | careful has bought, time to go short :) | deanroberthunt | |
08/7/2015 16:48 | I like how you say 'other' third world countries, about right that! You're right though. Who is going to invest in new power stations when there's constant government interference. | boffster | |
08/7/2015 16:47 | Spot on Salpara. Welcome to third world Britain. We can still afford to pay out £12billion per year in foreign aid, so it's not all bad. :) | fangorn2 | |
08/7/2015 16:43 | Well, I got reamed by the budget as I own both Infinis and a housebuilder. The country is now going to be in real danger of energy blackouts in the next decade as no one is going to invest in any new capacity given the way the government has backtracked on subsidies. I would not build the nuclear plant that has been planned based on massive government subsidies as there is a real possibility that they might just decide not to pay it once the plant is up and running. I would imagine that Drax will probably go to court to challenge this change as it really is unfair and if Drax just decided to go off line the UK would immediately suffer brownouts like other third world countries. | salpara111 | |
08/7/2015 16:42 | Bought some this afternoon and ought to have waited. Will probably go for some more in the morning. Death or glory and all that | boffster | |
08/7/2015 16:38 | @Careful, "there is always a sucker about." Indeed.Question is - is it you, or whoever sold to you.. Good luck. Still in myself.Tempted to nibble but its pretty high risk despite RBC estimating the hit to be circa 50p only. | fangorn2 | |
08/7/2015 16:37 | CCS makes burning biomass look very sensible. This obsession with CO2 has gone too far when it starts threatening the security of the nation's electricity supply. | boffster | |
08/7/2015 16:29 | Coal maybe, but the carbon tax is a big negative, this co. has invested its future in biomass to an extent, needs to invest in carbon capture technology, otherwise there will a large number of people around Goole out of a job. | bookbroker | |
08/7/2015 16:28 | Good luck with the punts. | nick rubens | |
08/7/2015 16:26 | Taken a punt - and it is a punt but good chance it bounces. | nigelpm | |
08/7/2015 16:25 | The current low oil / gas prices will likely not last and will restore the plant's competitive advantage, IMO. As for biomass, its always seemed a bit bonkers to be shipping wood pellets half way across the planet when there's plenty of coal here which could be dug up (and plenty of unemployed to dig it up). We're sacrificing common sense in the name of climate change pseudoscience. | boffster | |
08/7/2015 16:25 | i have just bght a chunk at 2.55. there is always a sucker about. | careful | |
08/7/2015 16:25 | Not happy I imagine, but this scenario must have been considered, will it mean more support for change. | bookbroker | |
08/7/2015 16:21 | Big question is what do Invesco and Woodford think. | fangorn2 |
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