Drax Share Discussion Threads

[wad collector] 30/3/2023 18:27

And yet....finished up 31p having been down 70p at one point. Somebody must have done well out of that swing.

[rburtn] 30/3/2023 10:09

Perhaps now this company will drop the insanity of Carbon capture. Being paid to be mad is one thing but using up your own investment capital in a Quixotic enterprise is beyond belief.

[geckotheglorious] 30/3/2023 09:41

Drax Group plunged 11%.
The Yorkshire, England-based power generator's biomass carbon-capture and storage project was rejected by the UK's Department for Energy Security & Net Zero, Bloomberg reported.


Surprised it hasnt been RNS'd

[liam1om] 30/3/2023 08:25

DRAX REJECTED BY UK CARBON CAPTURE PROGRAM IN HIT TO BIOMASS

[irenekent] 30/3/2023 08:25

Why the big drop today?

[viscount1] 08/3/2023 12:11

Coal plants (EDF) have been on grid since yesterday.

[mike24] 08/3/2023 11:21

coal fired plants being started up this pm
to supply grid
French nuclear power plants under pressure due to refurbishments
our cousins in j'burg all buying generators, massive blackouts
despite better climate

[viscount1] 01/3/2023 16:53

Sold out. My investment theory from last year that Drax could profit asymmetrically from electricity price spikes has not borne fruit, and I can't see this moving much from here.

[viscount1] 23/2/2023 11:09

Market does not seem to like the FY results. They look pretty good to me. Perhaps folks are not looking through the derivative MTMs which cloud the issue but are irrelevant to underlying profit.

[beeks of arabia] 16/2/2023 08:52

Rumours in my village of strikes inbound at Drax station.

Overheard in the local shop from an Eggborough retiree.

[viscount1] 22/1/2023 20:56

Drax coal stations being warmed up.

[mike24] 16/1/2023 08:09

Norwegian boss of Equinor does not expect gas & electric
bills to fall to pre-covid levels

week end news, CPSC commissioner publicly stated gas stoves
might need to be regulated, (harmful air pollutants)
looking for market dips to buy back in
dyor
edit, 1/2 our cousins in J'burg say rolling blackouts in SA
are a disaster for the economy,

[geckotheglorious] 13/1/2023 09:30

Market underrates Drax, says Marlborough’s Chand-Lall
Power generation company Drax (DRX) has long-term potential that the market has not recognised, says Marlborough fund manager Siddarth Chand-Lall.

Chand-Lall holds the stock in his £658m Marlborough Multi-Cap Income fund, and in a recent update noted the company’s ‘significant change’ following the closure of its last two remaining coal-powered sites in 2021.

‘Drax has transformed itself to become the UK’s largest generator of power from renewable sources including biomass and hydro,’ he said.

‘It has submitted plans to build a multi-billion-pound facility in North Yorkshire combining biomass power generation with carbon capture and storage. Drax plans to use this technology to achieve carbon-negative status by 2030.’

Chand-Lall noted the company’s high cash generation that supports ‘an attractive dividend yield of 3-4%’ and earnings that are forecasts to growth at an annualised rate of 18% between now and 2025.

‘Dividends per share have grown at an annualised rate of 10% over the past five years and that’s expected to rise to 12% this year,’ he said.

The shares trade at a multiple of 9.4 times earnins but is in ‘the process of ambitious change and trading robustly’.

‘In our view, this is a company with strong long-term growth potential that is not reflected in its current valuation,’ said Chand-Lall.

Drax shares gained 2.6% to 665p on Thursday.

[mike24] 05/1/2023 15:08

Norwegian government knows north sea oil/gas is running out
needing to fall back on hydro electric, the present problem is
our weak currency v high valued Krone, we need coal fired plants to save the economy
if only for a few years
2019 Edi Truells geothermal dream runs out of power, Iceland to UK 1000ml sub-sea cable
creating 800 jobs lost all thanks to former energy minister Kwarteng

[castleford tiger] 04/1/2023 14:20

falling energy prices.
Demand down 40% yoy

tiger

[typo56] 04/1/2023 13:54

CNA too. Wholesale gas prices?

[viscount1] 04/1/2023 11:42

6% off today. What has happened?

[geckotheglorious] 03/1/2023 09:49

TGG
"Plenty of coking coal closed off in the UK - tory party politics, obv"

And you think Labour would be any less Green? If anything they'd be even more crazily Net Zero inclined.

We rush into economic collapse and immense hardship for all.

Without cheap reliable energy there is no economy, no prosperity.

[thegreatgeraldo] 28/12/2022 14:38

mike2421 Dec '22 - 20:02 - 3702 of 3702
0 0
where do europe put us in the queue for energy supplies, "last"
3 French nuclear power plants hooked up is good news but still big
concerns with those needing maintenance
last yr we imported 1m tons of cokeing coal from Russia, which we have at no great depth
at West Cumbria Mining creating 500 jobs

....Plenty of coking coal closed off in the UK - tory party politics, obv - but coking coal isn't used for power generation, so an odd point to make when talking about power gen....

[mike24] 21/12/2022 20:02

not holding, looking good for 7 quid +
storm in US/Canada coming with a chill factor up to -50
frostbite within 10 min, with the biggest temp drop ever recorded
from 43f to 3f in 30min,

where do europe put us in the queue for energy supplies, "last"
3 French nuclear power plants hooked up is good news but still big
concerns with those needing maintenance
last yr we imported 1m tons of cokeing coal from Russia, which we have at no great depth
at West Cumbria Mining creating 500 jobs

edit, on one hand this present crippling inflation is in part caused by Russian invasion,
and yet we have been giving them millions £ to import coking fuel, which should have
politically supported re-opening of coal mines till the war ends, which seems to be a few yrs away?
nai

[castleford tiger] 21/12/2022 17:30

i just got nervous on the tv doc and sold out before it crashed at about this level
tiger

[wsm812] 21/12/2022 09:14

Tiger - you spelt missed out wrong ;)

[castleford tiger] 21/12/2022 07:52

I remain out.
Tiger