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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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 1.50 | 0.23% | 648.50 | 47,251 | 08:35:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 648.00 | 649.00 | 652.00 | 648.00 | 648.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electric Services | 8.13B | 562.2M | 1.4730 | 4.41 | 2.47B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:35:00 | AT | 133 | 648.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/11/2024 | 18:10 | UK RNS | Drax Group PLC Transaction in Own Shares |
| 19/11/2024 | 17:51 | UK RNS | Drax Group PLC Transaction in Own Shares |
| 18/11/2024 | 17:55 | UK RNS | Drax Group PLC Transaction in Own Shares |
| 15/11/2024 | 17:45 | UK RNS | Drax Group PLC Transaction in Own Shares |
| 14/11/2024 | 17:39 | UK RNS | Drax Group PLC Transaction in Own Shares |
| 13/11/2024 | 18:20 | UK RNS | Drax Group PLC Transaction in Own Shares |
| 12/11/2024 | 18:16 | UK RNS | Drax Group PLC Transaction in Own Shares |
| 12/11/2024 | 10:19 | ALNC |  Drax eyes top-end annual earnings amid progress towards 2027 targets |
| 12/11/2024 | 07:00 | UK RNS | Drax Group PLC Trading Update |
| 11/11/2024 | 17:39 | UK RNS | Drax Group PLC Transaction in Own Shares |
Drax (DRX) Share Charts1 Year Drax Chart |
|
1 Month Drax Chart |
Intraday Drax Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 25/9/2024 | 16:59 | Drax - Coal power and yield | 3,752 |
| 21/8/2022 | 20:50 | Drax - Biomass | 16 |
| 23/7/2018 | 19:59 | Drax (DRX) One to Watch on Tuesday | - |
| 23/2/2016 | 08:07 | *** Drax *** | 938 |
| 12/9/2014 | 10:42 | Zak Mir says CONVICTION BUY on Drax Group (DRX.L) | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:35:00 | 648.50 | 133 | 862.51 | AT |
| 08:35:00 | 649.00 | 64 | 415.36 | AT |
| 08:35:00 | 649.00 | 15 | 97.35 | AT |
| 08:35:00 | 649.00 | 15 | 97.35 | AT |
| 08:35:00 | 649.00 | 100 | 649.00 | AT |
| Top Posts |
|---|
Posted at 21/11/2024 08:20 by Drax Daily Update Drax Group Plc is listed in the Electric Services sector of the London Stock Exchange with ticker DRX. The last closing price for Drax was 647p.Drax currently has 381,679,817 shares in issue. The market capitalisation of Drax is £2,477,102,012. Drax has a price to earnings ratio (PE ratio) of 4.41. This morning DRX shares opened at 648p |
Posted at 27/8/2024 08:33 by boydduk Hmm share price signalling something? |
Posted at 08/1/2024 10:10 by brucethegoldfish Share price activity this morning more likely due to UK government expected to approve billions for Drax’s BECCS plan |
Posted at 24/10/2023 14:30 by geckotheglorious Drax falls are ‘overdone̵JOHCM’s J Lowen holds the Citywire Elite Companies AAA-rated stock in his £1.5bn JOHCM UK Equity Income fund and – despite a share-price tumble of late – he remains positive on its long-term prospects. He said there were a number of reasons for the fall, including the ‘ongoing noise around whether biomass is good or bad environmentally̵ In August, the government’s Biomass Strategy 2023 paper indicated ‘the potential extraordinary role which biomass could play across the economy, in power, heating and transportation, including a priority role in bioenergy with carbon capture and storage (BECCS)’. Currently, Drax produces 5% of UK electricity, making it ‘strategically important’, believes Lowen. ‘Put simply without Drax, system security and capacity would be impaired,’ he said. The shares were also dented by prime minister Rishi Sunak’s ‘row back’ on certain aspects of carbon reduction, albeit none linked to Drax’s operations, and ‘adverse commentary around factoring, which was correct but already fully disclosed in the annual accounts’. ‘We believe the fall is overdone,’ said Lowen. Shares in Drax were trading at 402p on Monday. (Emailed from Citywire this morning) |
Posted at 20/10/2023 11:15 by kash_ TodayDrax Group (#DRX) ? 417.7pBank of America Corporation #TR1 11.9% (? 0.11%) ~=0.4m #acquired 20/10 11:51 #RNS Holding(s) in Company |
Posted at 27/9/2023 13:56 by disc0dave46 To the down ticker, please explain why you disagree with posting news relevant to DRX?Https://www.thet |
Posted at 01/3/2023 16:53 by viscount1 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. |
Posted at 13/1/2023 09:30 by geckotheglorious Market underrates Drax, says Marlborough’s Chand-LallPower 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. |
Posted at 20/12/2022 21:23 by geckotheglorious "Electricity Generators Levy"Publication by UK Government of further details of Electricity Generators Levy In November 2022, the UK Government ('Government') announced a windfall tax on renewable and low-carbon generators, termed the Electricity Generators Levy (EGL), to be implemented from 1 January 2023 and structured as a levy on power sales above a benchmark of £75/MWh. Through November and December, Drax has engaged with the UK Government regarding the precise details of the EGL, including the treatment of fuel costs for dispatchable generators. On 20 December 2022, Government published a technical note and draft legislation, which includes an allowable exceptional fuel cost element, increasing the underlying £75/MWh benchmark (indexed to CPI from April 2024). The allowable exceptional fuel cost will be calculated retrospectively based on the actual cost above a baseline fuel cost of £65/MWh or historical levels, whichever is lower. In its Trading Update, issued on 15 December 2022, Drax indicated an expectation for the cost of biomass generation in 2023 to be in excess of £100/MWh. The levy will apply to Drax's three biomass units operating under the Renewable Obligation scheme and its run of river hydro operations. The levy will not apply to Drax's CfD biomass unit, pumped storage hydro and coal generation. |
Posted at 20/12/2022 15:34 by viscount1 Anyone know why the share price is shooting up today, several days after a trading update? |
Posted at 11/8/2022 10:05 by viscount1 What French consumers pay on subsidised retail is irrelevant to the economics for DRX. What matters is wholesale prices in the EU which will remain escalated as long as gas is escalated. The UK has been exporting power on interconnectors over the last few months (normal in summer), and will probably carry on doing so in winter (which is unusual).This is constructive for DRX in the short-term. |
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