Drax Share Discussion Threads

[scalpface] 29/6/2020 08:10

You're most welcome Alan

[alangriffbang] 29/6/2020 07:50

Thank you ,

[castleford tiger] 29/6/2020 01:37

I think the fact he brought it to our attention should be enough
Happy to dig around then
Tiger

[scalpface] 29/6/2020 00:34

hxxps://www.pressreader.com/uk/the-mail-on-sunday/20200628/284082028866028

[alangriffbang] 28/6/2020 20:11

It is on page 126, and the headline is
Will mystery suitor power up price of energy firm drax ,

[geckotheglorious] 28/6/2020 19:56

I'm not that much younger but I can do it!!
What about the post before that...Again, interesting story claimed but no link.

"Best bet is to at least give the full title" of the article so people can try to google search it. Eg The Times one you mentioned!!!


Without a title it will be tough in the first instance!

[alangriffbang] 28/6/2020 19:42

I am 81 years old not the experience you have ,I only made a point that in the mail today there is a piece about drax maybe being taken over by a small electricity company it says they maybe in talks already and this may cause a bidding war and they quoted a price of £3 40p ,take it or leave it ,we will see how it opens in the morning ,

[geckotheglorious] 28/6/2020 19:35

How is asking you why never provide a link to a story you claim is interesting pompus?

[alangriffbang] 28/6/2020 19:28

So sorry mr pompous ,

[geckotheglorious] 28/6/2020 17:26

What is the point in saying interesting article if you never link anything?

[alangriffbang] 28/6/2020 14:28

Interesting article in the mail business section today they say a small electricity company may be interested in bidding for drax ,they maybe in early stages already ,the price they quote is £3 40p, they also say it may start a bidding war ,

[geckotheglorious] 26/5/2020 09:00

A link?

A C&P?

A clue as to its contents?

[alangriffbang] 22/5/2020 20:45

a very good article about drax in the times business section today ,

[scotches] 22/5/2020 19:40

The UK government’s approval of a large new gas-fired power plant has been ruled legal by the high court. A legal challenge was brought after ministers overruled climate change objections from planning authorities.

The plant, which is being developed by Drax in North Yorkshire, would be the biggest gas power station in Europe, and could account for 75% of the UK’s power sector emissions when fully operational, according to lawyers for ClientEarth, which brought the judicial review.

The planning inspectorate recommended that ministers refuse permission for the 3.6GW gas plant because it “would undermine the government’s commitment, as set out in the Climate Change Act 2008, to cut greenhouse emissions” by having “significant adverse effects”.


It was the first big project rejected by planners because of the climate crisis. However, Andrea Leadsom, who was secretary of state for business, energy and industrial strategy at the time of the planning application, rejected the advice and gave the go-ahead in October.

The government’s actions to tackle the climate emergency are under particular scrutiny at the moment as the UK will host a UN summit in early 2021. At the meeting, nations will need to dramatically increase their pledges to cut carbon emissions to avoid a disastrous 3-4C rise in global temperatures. For the summit to be successful, experts say, the host nation needs to take a leadership role at home.

Sam Hunter Jones, a lawyer at ClientEarth, said: “We’re very dissatisfied by today’s judgment, rejecting our arguments against the lawfulness of the government’s decision and of its approach to assessing the project’s carbon lock-in risk. We will consider an appeal.”

A Drax spokeswoman said: “Drax power station plays a vital role in the UK’s energy system, generating reliable, flexible electricity for millions of homes and businesses. The development of new high-efficiency gas power would support the UK’s decarbonising energy system.”

[scotches] 22/5/2020 19:37

Energy company Drax Group has made the gesture of cancelling the gas and electricity bills for six of its care home customers in the west of Scotland for two months during the Covid-19 crisis.

The firm said they are amongst 170 care homes selected to receive the free energy, which are small businesses based in communities local to Drax’s operations across England, Scotland and Wales and are already supplied by Opus Energy and Haven Power, both part of Drax Group.

Drax owns and operates a diverse portfolio of energy assets in Scotland, including Cruachan Power Station, Lanark Hydro Scheme, Galloway Hydro Scheme, and Daldowie Fuel Plant.

Drax Group CEO, Will Gardiner said: “We’re working hard to offer more support to our customers and communities during this crisis.

“Care homes are critically important – they do incredible work looking after some of the most vulnerable people in our communities and we know this pandemic is putting them under immense pressure.

"As a gesture of appreciation for the excellent work these businesses are doing, we’re cancelling their energy bills for a couple of months.”

Darroch Nursing Home, in Cumbernauld, is one of Haven Power’s customers selected to receive the free energy.

Owner Julie Shanks, said: “Our teams are working very hard in some really challenging circumstances at the moment.

"Not having to pay our energy bills for two months means we’ve one less thing to worry about and we can also redirect the money we would have spent on energy, to source more PPE, which will help to keep our carers and the people they look after, safe.”

Drax is also donating £150,000 to the Money Advice Trust’s Business Debtline, a national charity helping SMEs facing financial hardship.

It said it is in addition to reduced and deferred payment plans for business customers adversely impacted by the lockdown, and energy rates being frozen for three months for those coming to the end of their contracts and rolling onto a monthly plan.

Mr Gardiner added: “We know a lot of businesses are having a tough time, as the lockdown is having a major impact on many different sectors, so we’ve donated £150,000 to the Money Advice Trust’s Business Debtline.

"This will help to ensure those businesses who may be struggling to pay their bills can access the advice and support they need.”

[panshanger1] 14/5/2020 17:11

Invesco and Artemis been adding I notice

[panshanger1] 14/5/2020 17:09

Dividend paid tomorrow Hoping for 190 to add Think this is a very defensive share with a relatively secure dividend imo GLA

[panshanger1] 22/4/2020 14:38

Sold half - that's quite a run up today Depending on fall tomorrow will look to get back in

[panshanger1] 22/4/2020 13:48

Ex div tomorrow

[cjohn] 22/4/2020 13:26

Nickthegambler
20 Apr '20 - 11:47 - 3389 of 3392

"I'm all in cash now and overall the market does seem to be defying gravity."

You're right about the market. Being in cash could be a masterstroke. Have a good day.

The trading update looked OK given the circumstances.

[panshanger1] 22/4/2020 08:51

Agreed not as detailed as we would like but market seems to like the comments surrounding the dividend Should help underpin the price for the time being

[rolo7] 22/4/2020 08:06

I noticed bio mass plants not online because everyone is at home and less use. Solar and wind plus gas at moment, end of coal for sure now.

[trader2] 22/4/2020 07:58

Today's T/U - full of words "robust" "strong" "EBITDA loss" (Customers) - but with no numbers to quantify them. Frustrating.

[nickthegambler] 20/4/2020 11:47

CJohn, yes you are right, and true that a longer term perspective is much better for one's peace of mind! I'm all in cash now and overall the market does seem to be defying gravity. These days I don;t bother with shorting or anything like that.

[cjohn] 17/4/2020 13:06

Nickthegambler

"Oh blimey, I held out for a long time but finally sold a few days ago at 154 - bloody hell - really tricky market and share to trade."


I appreciate your honesty, Nick. Don't beat up on yourself. It's easy to make mistakes, particularly if you're principally thinking about short-term price movements.

I am not a trader. No good at it. I bought in here in the panic a few weeks ago, when the discount to net assets seemed exaggerated. Will hold until the discount seems reasonable.

Looking at the current precipitous and volatile graphs is only likely to increase emotional discomfort and lead to poor decisions.

Buy very cheap stocks and hold until they aren't so cheap.