Drax Share Discussion Threads

[cjohn] 27/3/2020 09:38

rburtn
22 Mar '20 - 20:36 - 3353 of 3361

"The world economy is on the point of collapse and could do without the contrived expense of greenhouse mania when much cheaper alternatives now exist."

"and believe you me, physicists know it is nonsense."


It's not a question of "believing". You are factually wrong on this. Nearly all scientists accept the science behind human-created climate change.

"Contrived expense of greenhouse mania." This is particularly silly and conspiratorial.

[nickthegambler] 26/3/2020 16:21

Yes looks like closed slightly down with market up in the end!

[cassini] 26/3/2020 14:25

Nick, you spoke too soon ;0)

[nickthegambler] 26/3/2020 10:22

Hi Cassini, thanks for clarification - i must say it's rather odd how few postings there are on this thread considering the volatility -- and perhaps the value in this share.
Anyway at least today is the first time since i've been following it that it's gone up on a down day (so far!)

[cassini] 25/3/2020 20:39

I'm speaking to the unseen censor. I presume it's the owner of this thread. If I'd lost one post I might have thought it was finger trouble, but two?

[cassini] 25/3/2020 20:38

Not you Nick. I've posted twice on this thread, nothing remarkable, and both posts have disappeared.

EDIT: I've posted several times but twice where the posts have disappeared.

[nickthegambler] 25/3/2020 20:36

Hi Cassini - may I ask who you are referring to with your previous remark

[rburtn] 22/3/2020 20:36

The unique aspect of Drax is that it is run to comply with a government 'greenhouse gas' agenda forcing renewables. The directors' fiduciary obligations to shareholders are secondary. To continue in this vein, our directors should see to it that shareholders are adequately compensated. A 9.5p final dividend is the least one should expect. If cheap fossil undermines renewables by making subsidies unafordable, then Drax should return to using them and not go belly up on account of a bogus belief system. The world economy is on the point of collapse and could do without the contrived expense of greenhouse mania when much cheaper alternatives now exist.

If the virus achieves anything, it should enforce some honesty in the Climate Change charade. Some hope, the meeja and government messengers are already out there claiming reduced activity - CO2 - is combating climate change. This dogma is peddled remorselessly and believe you me, physicists know it is nonsense.

You will be hard put to find any credible numbers in the narrative of how a passive greenhouse gas at two or three parts in 10,000 works Earth up into a lather. Contrast that with the way water vapour shifts energy around. Half the sun's energy at the surface is used to evaporate water. Up to 1000 times more in the air than CO2 it is the major climate variable which is set in real time rather than by geological timescales. Evaporation is a surface property and mankind has plated and drained Earth's surface with impermeables in parts per hundred so impacting the vapour phase in the same proportion. One Heathrow runway of 50x3000m displaces 12Mw on average from cooling to heating and punches a massive hole in cloud cover downwind. The entire complex of peri-tracks, dispersal areas, second runway and buildings multiplies this by at least four. It makes the absurdity of the greenhouse tale irrelevant by orders of magnitude.

The fossil fuel industry needs to throw off the shackles imposed from above on a false premise and seize the opportunity to rebuild our economy if only in the short term. Security of supply is one thing but it has nothing to do with Climate Change.

[nickthegambler] 22/3/2020 19:03

Certainly a bit of a mystery - dropped like a stone last few days - hopefully might bounce at some point - if not could be a really good bye if nothing untoward involved in drop.

[cassini] 21/3/2020 13:25

Don't know. Doesn't Drax use wood pellets? Isn't that going to be expensive now compared to fossil fuels?

[salpara111] 21/3/2020 12:30

Almost bought this a few months ago at double current price.
I have to say that I dont understand the huge fall, people are still using electricity! Where is the huge risk to their business model?

[castleford tiger] 19/3/2020 18:06

have a few top ups at the 138/142 range today.

tiger

[nickthegambler] 19/3/2020 17:56

No - a bit gutting to see it drop so quickly after buying on Tuesday at 180, still got plenty of dry powder though.

[trader2] 19/3/2020 09:27

Can't fathom the fall. In a post CV19 world will no one need power on a dull and still day?

[trader2] 19/3/2020 09:27

Can't fathom the fall. In a post CV19 world will no one need power on a dull and still day?

[cassini] 17/3/2020 19:17

Watching. Yield is 9%. Not that that's remarkable nowadays...

[nickthegambler] 17/3/2020 19:15

I bought today at 180p

[minerve 2] 14/3/2020 11:26

"Any fundamental reasons this got such hammering ? I would imagine it should be more resistant to the virus mess than the average."

This stock tends to correlate more with energy prices when sentiment on energy isn't good.

[nicedude1976] 13/3/2020 23:57

Any fundamental reasons this got such hammering ? I would imagine it should be more resistant to the virus mess than the average.

[cassini] 12/3/2020 17:04

Historical yield now 8.4%

[minerve 2] 02/3/2020 16:35

Forward earnings expected in the 35-36p range and post tax c£142m. :)

[cassini] 02/3/2020 15:14

So I know this'll sound naive, but given the dividend is 15.9p/share and the basic EPS is 0.1p, why is DRX paying a dividend at all? Or is the 2019 earning figure just expected to be a blip and they're paying the divi from retained cash in expectation of better times? Also, all their profits (£60m) equal the tax bill, leaving crumbs! Why so much tax? Anyone good at reading company financial statements?