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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
  -7.50 -1.39% 533.00 530.00 532.00 550.50 527.50 550.50 1,342,807 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 4,235.0 -234.7 -39.8 - 2,126

Drax Share Discussion Threads

Showing 4526 to 4548 of 4550 messages
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
DateSubjectAuthorDiscuss
19/10/2021
19:29
We are really getting GOING now. Still big upside I feel with retail price now. 24 p per kwh
castleford tiger
19/10/2021
12:22
Drax dropped from index of green energy firms amid biomass doubts - Guardian htTps://www.theguardian.com/business/2021/oct/19/drax-dropped-from-index-of-green-energy-firms-amid-biomass-doubts
professor john koestler
19/10/2021
11:03
Drax dropped from index of green energy firms amid biomass doubts - Guardian htTps://www.theguardian.com/business/2021/oct/19/drax-dropped-from-index-of-green-energy-firms-amid-biomass-doubts
professor john koestler
11/10/2021
14:19
hTTps://news.sky.com/story/climate-change-draxs-renewable-energy-plant-is-uks-biggest-co2-emitter-analysis-claims-12428130 hTTps://www.energylivenews.com/2021/10/11/draxs-selby-plant-is-the-uks-biggest-co2-emitter/ Drax much needed now at time of energy shortage but ongoing calls from lobby groups to reclassify biomass in relation to renewable status.
scotches
01/10/2021
21:25
Hi all. Can anyone tell me why Simply Wall Street have valued this at £45?
r9505571
27/9/2021
08:59
hTTps://www.theguardian.com/business/2021/sep/25/soaring-electricity-prices-could-add-500m-to-value-of-energy-firm-drax The FTSE 250 owner of the Drax power plant in North Yorkshire has climbed to its highest share value in almost seven years, as wholesale prices have spiralled to all-time highs, claiming seven small energy suppliers in the past seven weeks. The company is not exposed to the cost of gas, which has quadrupled on the UK markets in the last year, but it will benefit from the impact of rising UK wholesale electricity prices, which were already some of the highest in Europe. Drax’s share price went above 500p a share for the first time since late 2013 this week, up from 412p two weeks ago, to value the company at £1.97bn. HSBC has set a target share price of 620p a share for the company, implying an increase in value of more than £500m. “This ‘crunch’ has demonstrated the need for the UK to develop alternative, renewable, flexible sources of power generation, apart from intermittent wind and solar, to ensure security of supply,” said Verity Mitchell, an analyst at HSBC.
scotches
21/9/2021
15:56
Boonkoh I have to correct a point you made. On the 1 CFD unit, the price the company gets for the power is fixed. On the other three units, they receive the power price plus one ROC for each MWh of production, up to a cap. So they will be burning as much biomass as they can on those plants to gain as much of the current prices as possible as they are well in the money. They will also be receiving healthy prices on the pumped storage output.
tedmak1
19/9/2021
21:01
Whatever price biomass energy rises to, Drax production price will still be higher. Any subsidy from govt is up to a certain fixed level so the more power prices rise, the lower the subsidy, and the net revenue to Drax is static.I also saw news that Drax is bringing the coal plant back to life again for emergency supplies this winter? Think it might be just hot air as surely if its happening or an agreement reached we would be getting an RNS. Not least because Drax will no longer be ESG compatible.
boonkoh
16/9/2021
23:25
It’s certInly massively undervalued
castleford tiger
16/9/2021
17:29
Not sure but imagine price increase is related to the fire affecting cable importing supplies from France. Assume Drax will be called on to help meet the supply shortage and be reimbursed at very hefty rates for generated electricity. News infers supplies could be affected until March 22.
leadingladies
16/9/2021
12:44
Someone's been at the crack pipe at Barclays! Drax topped the FTSE 250 index, surging 7.7% to 472.40 pence as Barclays predicted a promising future for the power station operator. Barclays hiked its price target for Drax by 75% to 960p from 550p. It retained its Overweight rating. The investment bank drew particular attention to Drax's bioenergy carbon capture and storage, or BECCS, negative emissions offering. "BECCS to us has the feel of offshore wind in 2005 – marginal current economics and a large niche area but with significant potential. We see Drax becoming a global leader in developing and operating these complex BECCS projects both in the UK and globally, and we estimate a long-term upside scenario valuation of 3,800p," Barclays said. The investment bank noted 3,800p is about eight-times higher than Drax's current share price.
geckotheglorious
29/7/2021
12:59
Minimal independent commentary so far on first half results beyond the CEO depiction of "great". Shares marked down within the recent range. Increase in interim divi to 7.5p. hTTps://www.investegate.co.uk/News/-/13268383/ www.sharecast.com/news/news-and-announcements/drax-group-raises-interim-dividend-following-great-first-half-of-the-year--8050356.html
scotches
04/6/2021
08:45
JPMORGAN RAISES DRAX GROUP PRICE TARGET TO 500 (360) PENCE - 'OVERWEIGHT' hTTps://www.morningstar.co.uk/uk/news/AN_1622623123106757200/broker-ratings-peel-hunt-and-jefferies-converge-to-say-hold-greencore.aspx
scotches
21/5/2021
14:33
www.sharecast.com/news/broker-recommendations/citi-upgrades-drax-centrica--7932874.html Citi upgraded its stance on shares of Drax on Monday to 'buy' from 'neutral' following the recent UK power price rally of more than 20% in the last month. "In our view, Drax should benefit from the circa 50% and circa 80% merchant output exposure in FY22 and FY23 respectively," the bank said. Given the operational gearing of Drax Power, it lifted its EBITDA forecasts to FY25 by 6-20% and its earnings per share by 16-29%. As a result, the bank also upped its price target on the stock, by 28% to 505p. "Longer term, we remain cautious on biomass as a technology in the path to net zero, given the debate on its creditability of being a truly net zero technology," it said.
scotches
21/5/2021
14:05
Drax shares have been a strong performer over the last year. Along with SSE they are included in the Standard and Poors "Clean Energy Index". hTTps://www.spglobal.com/spdji/en/indices/esg/sp-global-clean-energy-index/#data However the merits of Drax technologies biomass and carbon capture are controversial.
scotches
21/5/2021
14:03
hTTps://www.drax.com/ hTTps://www.drax.com/investors/announcements-events-reports/financial-calendar/ Dividend info: On 28 July, the Board resolved to pay an interim dividend for the six months ended 30 June 2021 of 7.5 pence per share (GBP30 million), representing 40% of the expected full year dividend. The interim dividend will be paid on 8 October 2021 with a record date of 27 August 2021. Ex Divi 26 August 2021. hTTps://www.draxbiomass.com/ www.pinnaclepellet.com hTTps://www.businessinsider.com/ceo-of-drax-shares-how-the-company-reduced-its-carbon-emissions-by-85-percent-2021-4 hTTps://www.newsnow.co.uk/h/Industry+Sectors/Energy~Utilities/Energy+Utilities/Drax+Group hTTps://www.drax.com/about-us/our-sites-and-businesses/cruachan-power-station/ hTTps://www.ieabioenergy.com/blog/publications/campaigns-questioning-the-use-of-woody-biomass-for-energy-are-missing-key-facts/# hTTps://www.biofuelwatch.org.uk/axedrax-campaign/ hTTps://markets.ft.com/data/equities/tearsheet/profile?s=DRX:LSE
scotches
21/5/2021
09:29
electricity price has doubled in last few months??
castleford tiger
20/5/2021
23:29
Castleford Tiger - but do we know why? 10% in the past week
richard3rd
20/5/2021
22:49
New high in modern times
castleford tiger
26/3/2021
22:53
Shareholders are right to be wary about Pinnacle. Wood biomass energy is viable only with heavy government subsidies – what happens when they come to an end? And Pinnacle uses wood from an environmentally sensitive area. Drax shouldn't touch it with a bargepole. Or perhaps it is just time to sell out of Drax.
butterfly2000
25/3/2021
08:35
Richard, Biomass requires cutting down of trees. Precisely what you do not want to be doing if CO2 rising/causing climate change. Not fan of Drax biomass as it clearly isnt green,but it is slightly better than coal. Am long but also looking for a decent profitable exit.
geckotheglorious
24/3/2021
21:40
Thanks Paulo4335, I am clearly not reading the right news. I dont want to get into what is / is not green, but the approach must be better than burning coal and gas. Wind and PV is all good but there needs to be other options for the days those are not producing enough and do we really want the risk of more nuclear - which is not environmentally friendly long term or good value.
richard3rd
24/3/2021
21:10
Richard, I suspect it will be to do with the govt announcements today re carbon neutral support etc - is all over the news. Volsung, I sold out of here after making a good profit because I don’t agree with the approach - was time to move on, not truly as environmentally friendly as would have you believe - hence why...” I’m out! “
paulo435
Chat Pages: 182  181  180  179  178  177  176  175  174  173  172  171  Older
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