Drax Share Discussion Threads

[moorsie2] 25/5/2018 11:27

Looking at the trading patterns there appears to be a large seller overhang.

Just have to wait it out while this seller clears....

[moorsie2] 23/5/2018 18:29

Butchered .... :)

[moorsie2] 22/5/2018 12:58

About to break out again very soon...

[moorsie2] 17/5/2018 08:43

once it finally breaks and holds 350 , it will move north quickly. only 4.8m of a 50m share repurchase scheme spend already. Lot more of a big buyer in the market everyday

[moorsie2] 15/5/2018 17:49

3.75 within the next 5 days

[lastoleave] 15/5/2018 13:03

Added to my pot this morning
Looks like 3.50 will be hit today.

[moorsie2] 15/5/2018 09:27

Exactly - still a lot more shares to be repurchased....

[scotches] 14/5/2018 19:42

April 20 2018: Drax Group plc (the Company) today announces that it is commencing a £50 million share buy-back programme of the Company’s shares of 11 16/29 pence each (the Programme). The purpose of the Programme is to reduce the Company’s share capital. The shares purchased by the Company will be held in treasury pending cancellation or re-issue.

The buyback programme will be completed by Jan 2019 and will involve a repurchase of not more than 40.7 million shares. As of today's trade (May 14) 1.3m have been repurchased.

[moorsie2] 14/5/2018 13:10

I love how quiet this board has been :)

[moorsie2] 11/5/2018 13:41

Once it clears 331 it should run on quickly to 350

[moorsie2] 10/5/2018 06:08

Good rise on Wednesday on the back of rising oil prices. This I a good one to hold for the medium term...

[minerve] 09/5/2018 20:39

Eh?

Why do they need to change the broker?

[hopperagain] 09/5/2018 20:24

How did they manage to spend this much on share purchases over the last month?

Since 20 April 2018, the Company has purchased 1,012,707 shares at a cost (including dealing and associated costs) of GBP3,164,404.49.

Need to change the broker, I think.

[fangorn2] 20/4/2018 11:46

Whats this got to do with Drax exactly?

[winchcombe] 20/4/2018 11:45

Malcy (16/4/2018) gives Amerisur - AMER his most positive ever review:



Revenues flowing and more to come, cash rich, zero debt, Directors buying this week, fully funded 14 well drilling program for 2018, low OPEX, etc.

AMER could be 10+ bagger this year.

[moorsie2] 19/4/2018 16:40

Gone Exdiv today

I expect to see it bounce back to 315 by Monday

[moorsie2] 16/4/2018 15:04

that might be pushing it a bit!!! :)

[fangorn2] 16/4/2018 14:40

Still waiting for that 550p takeover bid myself :)

[moorsie2] 16/4/2018 10:09

significantly undervalued here

Can see a clear run to 375

[rburtn] 04/3/2018 10:14

Thanks for that reference Minerve. It links CO2 to Climate Change but, unless I am mistaken and government advisers really believe this, the real reason for subsidising renewables is to do with depletion of fossil fuel supplies and the cost and politics of supply. Climate Change is the lever with greatest public effect. Taking a look at the forest, rather than the nitty gritty of the trees, the linkage between CO2 and Climate is that photosynthesis goes up and down as the amount of sunshine goes up and down and is very sensitive to it. The latter goes up and down as the temperature goes down and up. So any period of consistent warmer average earth surface temperature, for whatever reason, will be associated with an increase in CO2 due to Earth's response mechanism of clouding over.

[minerve] 03/3/2018 22:50

researchbriefings.files.parliament.uk/documents/SN05927/SN05927.pdf

[minerve] 02/3/2018 12:11

"Without this, Drax would be bankrupt."

But it does have the subsidies! The question should be what are the risks of them disappearing and when.

Companies without customers would be bankrupt. So what?

It is a meaningless statement.

[rburtn] 02/3/2018 10:57

The problem which dominates Drax is the false premise which is forced upon management. I bought in thinking that third rate scientists in third rate faculties could not maintain for much longer the fiction that CO2 causes Climate Change. There was even a hint of reason breaking out in an IPCC report admitting they had not considered the effects of clouds in their forecasts! These just happen to be instrumental in climate control. They reduce the amount of heat incident from the sun just as does a solar eclipse. Few people stop to wonder where the energy goes as a cloud passes overhead. It gets radiated coincidentally in all directions - that means more than half the heat loss by-passes the biosphere. It is the paving over of the world's lush and fertile regions by human habitation which lowers vapour and leads to less cloud cover and more solar energy entering.
We thus find Drax accepting subsidies to burn a costly fuel in some Quixotic world only of sense to a politician. The environmental damage of mining compared with using forest as a fuel crop is debatable given all the incidental costs as is the pollutive consequences of combustion but it would make the business more honest if these were evaluated rather than being in thrall to a load of hogwash. As it is, the business is a cross between a stock and a government security, it should make its mind up - a gilt at government pleasure, or a business free to do as it wishes subject to genuine environmental constraints. The scale of the 'bung' needed to do irrational things from a shareholder viewpoint is quite unsettling. A a big payout for a low wind, cloudy, deep freeze period - as now - would only wake up the hack's protests at the size of the bung. I remain invested nonetheless.

[liquidkid] 02/3/2018 10:29

'Without this, Drax would be bankrupt.'
Uninvestible.
If there was ever a Company thoroughly deserving of being nationalised,
this is it.

[fangorn2] 01/3/2018 22:53

Me neither! :)