Drax Share Discussion Threads

[halfpenny] 08/6/2022 08:52

Breaking down towards 600 as more bad news flow. more Taxes being imposed as we hit a Winter of more Energy shocks… Drax margins will be hit with layoffs as more want more pay which Drax cant afford on slow growth and Tax hits.. Risky at these levels…

[thegreatgeraldo] 07/6/2022 12:59

Where's your £4 being tested? Muppet.

[halfpenny] 07/6/2022 08:37

DRAX new High Tax levels still to be determined. Yes take from rich give to the poor. Be patient as 600 will be tested so don't be tempted as rally falters. Be careful as Drax can fall very quickly. Some say 580 target so it may overshoot lower 550 or below..

[halfpenny] 07/6/2022 08:33

As more bad news flow we could see Dead Cat Bounce. Mmmeeeooowww ouch!! 600 support to be tested so be careful its still Risky..

[gary38] 01/6/2022 13:52

Should have never listen to derampers here and brought in here.

[castleford tiger] 31/5/2022 14:37

I have bought all the way down and back up again
tiger

[thegreatgeraldo] 31/5/2022 14:25

halfpenny31 May '22 - 08:56 - 3565 of 3568
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Still have more bad news as clarity and length of penalties. Years some say so its a big hit down for DRAX. Too Risky at these levels. Waiting and smiling as my forecast comes true. 600p next level to be tested!!

..wrong again... what's the rationale behind the price fall?

[gary38] 31/5/2022 14:11

Was going to buy here today but after reading posts here ,decided not to .

[medieval blacksmith] 31/5/2022 11:28

Read the article yesterday in the FT

Almost every paragraph is about the government desperate to fill potential energy gaps and power outages. It doesn't look good, doesn't look good at all, for the UK. Probably great for Drax.

[richard3rd] 31/5/2022 10:46

@halfpenny,
If you have certain knowledge of this bad news and penalties would you like to share that? Demand should stay high, the causes of inflated energy costs are not going to resolve any time soon and yesterday one of the UKs nuclear reactors confirmed it would not extend beyond its scheduled shutdown taking more UK based power generation out of the equation. You may know something we dont but I see lots of potential and a company that is proactively driving green energy, including storage capacity, backed by government.

[halfpenny] 31/5/2022 08:56

Still have more bad news as clarity and length of penalties. Years some say so its a big hit down for DRAX. Too Risky at these levels. Waiting and smiling as my forecast comes true. 600p next level to be tested!!

[thegreatgeraldo] 30/5/2022 13:37

halfpenny24 May '22 - 13:14 - 3553 of 3555
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If it breaks 500 the next level of support is 400. Hmmm may even test that levels as Windfall kicks everyone in the nuts!

...why not change the tune?

[halfpenny] 30/5/2022 13:10

Will Drax have a second Dead Cat Bounce below 600? Still too risky at this level as bottom not reached yet! Without clarity falls are likely in my view. How Low How Soon!!

[halfpenny] 27/5/2022 09:52

Told u fall with support at 600 if that breaks 500 on the cards. Too Risky at these levels and Dead Cat Bounce came true. So now its How Low How Soon.

[castleford tiger] 27/5/2022 09:13

Richard
i agree.
the 2 coal units the government have suggested an extension to the term given.
The rest of the business is energy from bio mass and renewable.

tiger

[richard3rd] 26/5/2022 21:39

I have not yet seen a clear statement that details how the amount claimed from each producer will be calculated but it was my understanding that due to the nature of Draxs work on converting to a clean energy business, with new innovative projects still be developed, the business was guaranteed to be receiving substantial government subsidies for some years. It would seem rather illogical to substantially tax the business at the same time as paying subsidies.

[halfpenny] 26/5/2022 19:43

Its a justified CORRECTION with 600 being tested soon So now do you believe me. Get out whilst you can…Too Risky !!

[castleford tiger] 26/5/2022 18:17

Will they hit Drax a producer of clean energy?

tiger

[halfpenny] 25/5/2022 21:55

So get ready for the Dead Cat Bounce. Too risky at these levels but support at 600 then 500 as 600 breaks down.

[thegreatgeraldo] 25/5/2022 14:40

halfpenny24 May '22 - 13:14 - 3553 of 3555
0 1 1
If it breaks 500 the next level of support is 400. Hmmm may even test that levels as Windfall kicks everyone in the nuts!

[halfpenny] 25/5/2022 09:13

The Government will provide clarity tomorrow so get ready as this maybe a Dead Cat Bounce. Too Risky as more falls in the pipeline. 600 or less is my support level. So be Patient…

[scemer] 24/5/2022 14:15

Halfpenny get real how much tax do you think they are likely to pay dream on pal

[halfpenny] 24/5/2022 13:14

If it breaks 500 the next level of support is 400. Hmmm may even test that levels as Windfall kicks everyone in the nuts!!

[halfpenny] 24/5/2022 13:12

Citi group agree with me. Further fall and it may even overshoot closer to 500. Too risky at these levels. So its a gamble Heads you Lose and Tails you Lose!!

[halfpenny] 24/5/2022 13:09

As i said before less than 600 and below 580. Be patient and wait for further falls soon.