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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
  0.20 0.04% 492.80 494.80 495.20 505.00 488.60 505.00 1,984,007 16:35:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 4,235.0 -234.7 -39.8 - 1,966

Drax Share Discussion Threads

Showing 4426 to 4449 of 4550 messages
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
DateSubjectAuthorDiscuss
30/6/2020
21:17
Still no news that there is going to be a takeover ,
alangriffbang
30/6/2020
18:11
Hi Castleford Tiger, There's a new BB that might interest you, set up by Arthur Lame Stocks: epic code: VALUE, to discuss value shares. I bought into Drax in the panic in March. So 340 would for me represent a stellar return in short order.
cjohn
29/6/2020
22:51
I would not be happy at 340 440 yes Prefer the dividend and with an Electric economy coming I see no reason why not Tiger
castleford tiger
29/6/2020
17:46
Many thanks Minerva I started it and you finished it well done !
alangriffbang
29/6/2020
15:42
Here guys, some info that will be of help (Courtesy of FT Markets Now 29th June 2020)... Elsewhere in the weekend press, Drax is up after the Mail on Sunday’s Jamie Nimmo said there were “rumours circulating around the Square Mile that a takeover could be on the cards”. It was for quite a long time a story exclusive to newsagents and their customers. The article didn’t make it onto the MailOnline website and a Bloomberg pickup this morning caused no end of confusion by giving credit instead to the Sunday Mail, the sister paper of Scottish tabloid the Daily Record. Anyway. The MoS says an “unknown energy company has got its eye” on the power station owner and “could even be in early stage talks” with “chatter that talks focused at 340p a share.” There isn’t a lot to go on. No named bidder is a big hurdle to shaking out confirmation and, in that context, no response from Drax this morning means nothing much. The UK Takeover Code will, in the absence of a formal offer, put the initial burden of announcing on the bidder side so we’re chasing shadows in that regard. Nevertheless, there has been very credible talk over the past week of a UK mid-market deal in the works and Drax would definitely fit the description. Here’s John Musk, analyst at RBC: We note that within our 340p/sh PT ~85% of the Drax EV sits within renewable biomass and hydro activities. Hence, Drax could be justified as a takeover for some of the larger renewable exposed utilities with the likes of RWE, Enel and Engie all potential suitors, in our view, given their renewable expansion plans, asset overlaps and relatively robust balance sheets. We note Iberdrola sold Drax its Hydro and CCGTs assets in the UK 18 months ago and is unlikely to buy these back, and SSE does not have the balance sheet for this potential transaction. In our recent renewables report we reiterated our Outperform rating on Drax highlighting that we remain supportive of its biomass cost reduction strategy in order to be self-sufficient post the end of the subsidy period in 2027. Furthermore, we stated that we see Drax’s green credentials as unappreciated, with the company not experiencing a re-rating like many renewables peers. . ;. . UK pumped storage assets (such as Drax’s 440MW Cruachan facility) are performing robustly during the Covid-19 crisis and this could provide some offsets to the previously highlighted £60m EBITDA hit from Covid-19 in 2020. Finally we continue to highlight the strong FCF generation of the company, and the well covered ‘sustainable and progressive’ ~7% dividend yield. We note that our 340p/sh price target is based upon the current business only with no biomass generation post 2027, no new CCGTs or peakers and no BECCS. If any bid were forthcoming we believe some option value would need to be ascribed for these projects and highlight our Blue Sky valuation of 545p/sh.
minerve 2
29/6/2020
14:57
£3.40 would be just over tangible book value. But the long-term economics don't look great here, so I'd be very happy with that price.
cjohn
29/6/2020
09:31
@Alang, Cheers.. I see someone else has found it and linked it.. Thanks Scalp. Superb.
geckotheglorious
29/6/2020
08:10
You're most welcome Alan
scalpface
29/6/2020
07:50
Thank you ,
alangriffbang
29/6/2020
01:37
I think the fact he brought it to our attention should be enough Happy to dig around then Tiger
castleford tiger
29/6/2020
00:34
hxxps://www.pressreader.com/uk/the-mail-on-sunday/20200628/284082028866028
scalpface
28/6/2020
20:11
It is on page 126, and the headline is Will mystery suitor power up price of energy firm drax ,
alangriffbang
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!
geckotheglorious
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 ,
alangriffbang
28/6/2020
19:35
How is asking you why never provide a link to a story you claim is interesting pompus?
geckotheglorious
28/6/2020
19:28
So sorry mr pompous ,
alangriffbang
28/6/2020
17:26
What is the point in saying interesting article if you never link anything?
geckotheglorious
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 ,
alangriffbang
26/5/2020
09:00
A link? A C&P? A clue as to its contents?
geckotheglorious
22/5/2020
20:45
a very good article about drax in the times business section today ,
alangriffbang
22/5/2020
19:40
hTTps://www.theguardian.com/environment/2020/may/22/uk-approval-for-biggest-gas-power-station-europe-ruled-legal-high-court-climate-planning 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
hTTps://www.heraldscotland.com/business_hq/18469169.energy-giant-cancels-bills-scottish-care-homes-covid-19-crisis-ikea-announces-phased-return-mike-ashley-also-eyes-reopening/ 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.”
scotches
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
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
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