Drax Share Discussion Threads

[castleford tiger] 24/5/2022 12:57

Bought another chunk

[redalert] 24/5/2022 10:22

Windfall plus a lesser effect from broker downgrade by citigroup to sell with price target 591 from 651 - edit - which it seems was due to their take on the windfall and it's effect on DRX

[allenquatermain] 24/5/2022 10:14

667p

You gotta larf

[scemer] 24/5/2022 10:10

Windfall tax possibilities diabolical

[csmwssk12hu] 24/5/2022 10:09

10bn windfall tax allegedly, all energy companies are down imho dyor

[wailo] 24/5/2022 10:07

Does anyone know why the drop??

[castleford tiger] 14/4/2022 16:50

back over £8 halfpenny

[castleford tiger] 12/4/2022 16:55

Margins fall?
Are the new contracts being signed at much higher prices?
I can’t see you getting them but what do I know

[halfpenny] 12/4/2022 14:23

Drax correcting expect testing 700 then 600 support level as inflation hits and margins fall. With short week many will take profits and wait. Too high and risky at these level but I will consider bellow 600 say 580. Be Patient as correction kicks in.

[castleford tiger] 04/4/2022 11:04

800 breached will it hold ?

[castleford tiger] 31/3/2022 20:49

800 coming? Very soon

[castleford tiger] 25/3/2022 18:23

771p up 8.5% today

This company is delivering

[castleford tiger] 18/3/2022 17:36

725 a new closing high

[castleford tiger] 17/3/2022 13:16

I think its an improving picture on pricing going forward as the old deals end

[phillyaboots] 14/3/2022 18:10

Thanks, talk today in the news of extending the remaining coal fired capacity to help with energy security. https://www.independent.co.uk/climate-change/news/coal-power-ukraine-russia-environment-b2035430.html

[rolo7] 14/3/2022 18:07

It does if you read the rns before Xmas trading statement it talks about them, might keep them running longer but if we want to stop using gas certainly at power generation level drax will have a part to play

[phillyaboots] 14/3/2022 17:42

Does Drax still have any coal fired units or have all been converted to biomass ?

[scotches] 11/3/2022 09:41

All the worry about the "renewable" status of cutting down forests, transporting by ship to burn in Yorkshire is now set aside for years to come as Drax provides an independent energy supply.

[richard3rd] 10/3/2022 21:53

Gas price and possibility of reduced availability benefits those generating electricity by other means. For us Drax investors this should be a good thing.
Does anyone know how far ahead Drax are tied into supply contracts for? Do they have the contractual option of raising prices in line with current trends or will they be currently tied into whatever supply contracts they made 6 months ago?

[castleford tiger] 10/3/2022 12:48

Past the 700 quickly I think we could get to £10 this year

[castleford tiger] 01/3/2022 16:01

700p we got there but slipped today

[castleford tiger] 25/2/2022 12:16

Past the 650 mark

[km18] 16/2/2022 18:02

...from last year...

Company overview:Drax Group PLC is involved in the generation and supply of low carbon and renewable electricity to provide system support services to the electricity grid. Subsequently, large industrial and commercial sector customers are the firm’s main stakeholders. Given the highly innovative clean energy solutions offered to the public, the firm has grown in recognition, enabling them to increase levels of production and strengthen its pipeline, resulting in a robust operating profit of £84m, higher than the (£57m) loss incurred in 2020.  As a result, the biomass producer is making strong progress while enabling investors to optimise their returns on their investments on the firm, since the firm underpins attractive full year dividend payments made to its shareholders. From a valuation perspective, the firm’s P/E ratio is 10.1, lower than the renewable energy P/E ratio of 42.69, signifying that Drax Group is undervalued with respect to its peers and cheap for investors to buy....from WealthOracleAM

[castleford tiger] 09/2/2022 09:46

Break out and a move to 700p ??
Tiger

[castleford tiger] 24/1/2022 09:17

39 p a unit quoted fir electric
This has to filter to DRAX at some oiint