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
  0.00 0.0% 642.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
642.50 643.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 5,173.90 196.50 20.00 32.1 2,575
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 642.50 GBX

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Date Time Title Posts
22/1/202320:56Drax - Coal power and yield3,712
21/8/202220:50Drax - Biomass16
23/7/201819:59Drax (DRX) One to Watch on Tuesday -
23/2/201608:07*** Drax ***938
12/9/201410:42Zak Mir says CONVICTION BUY on Drax Group (DRX.L)4

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Drax (DRX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-01-26 17:23:12642.502,89618,606.80O
2023-01-26 17:18:38646.713,07019,853.84O
2023-01-26 17:12:58643.4645289.56O
2023-01-26 17:12:58644.451383.78O
2023-01-26 17:12:57641.703922,515.47O
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Drax (DRX) Top Chat Posts

Top Posts
Posted at 26/1/2023 08:20 by Drax Daily Update
Drax Group Plc is listed in the Electricity sector of the London Stock Exchange with ticker DRX. The last closing price for Drax was 642.50p.
Drax Group Plc has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 400,735,468 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Drax Group Plc is £2,574,725,381.90.
Posted at 13/1/2023 09:30 by geckotheglorious
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.


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 07/10/2022 08:07 by ginty the brave
Given the current economic and political climate, is DRX worth investing in? I would be looking for 650p + in the short term.

Thanks for your thoughts.

Posted at 03/10/2022 09:56 by viscount1
One of my concerns when buying this share was that it would be "found out" to be not very green.

The question is what the government will do - the UK is short of electricity production right now and Drax provides reliable baseload. It seems unlikely that there would be drastic change (although the current government is sufficiently incompetent to make big mistakes).

Regulatory changes in the medium term are more likely.

Posted at 30/9/2022 22:17 by halfpenny

Now its How Low How Soon still too Risky at this level…

Posted at 24/8/2022 09:52 by geckotheglorious
Castleford Tiger
Post 3649

Ok tell me whats green in your opinion?
Wind turbines?
Panels covering farm land?
How about burning gas to produce electricity?"

None of them are Green.

"Clearly you are part of the green brigade that's caused all these problems by stopping using fossil fuels BEFORE we had enough green energy produced and stored.
Green to me is TIDAL or HYDRO .( hydrogen for cars)"

Incorrect diagnosis.
I am most certainly not part of the Green brigade as I do not believe in anthropogenic global warming/climate change or whatever tripe the Left is labelling it as.

I do believe the climate is changing, but not because of man made activities.

Tidal is getting there but still youve the environmental costs and infrastructure costs of preparing the site, shipping in the materials, then building the dam.

"How can you compare EDF which is 84% owned by the state to DRX?"

Because any Govt can nationalise any company in the strategic interest. And energy provision is the lifesblood of the economy, so highly strategic surely?

"Government cannot just take a private company out.........its a very complicated and costly process"

Yes they can. It's called using force majeure/state of emergency legislation.
It might be costly but it is very doable, especially if power cuts because of serious concern.

"DRAX BURNT COAL so wood pellets made from waste is in my opinion much greener and more Eco friendly"

Diesel used to ship them across the Atlantic for starters. A log burner, sourcing local wood is greener than Drax operations.

"The oil used to ship ALL the wood here, is only 2% OF THE AVIATION FUEL used at Leeds airport on an annual basis"

Another Diversion.
So you DO AGREE that it isnt green then!!! But you're happy because Aviation fuel used at Leeds airport is worse!!!

Talk about moving the goal posts.

Private jets are worse. If we wanted to be serious about this alleged" man made climate change then they'd ground all private jets as they pollute even more than Leeds airport!

Does that mean Drax is Green.

Erm no.

"So i think you are being pedantic

Nope just being factual.
Clearly, as evidenced above, you are unable to grasp such but think my comments are motivated by being a Green Eco Warrior etc.

I am anything BUT!

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.

Posted at 11/8/2022 08:29 by viscount1
Today's fall seems driven by a minister's comments about biomass being unsustainable:

This was always a risk for DRX, but hard to see how it changes the demand on them in the short and medium term given high gas prices forcing high electricity prices in the UK and EU.

Posted at 01/8/2022 13:37 by viscount1
Opening a small position on DRX. Share looks toppy but I like it as a hedge to European gas/electricity chaos over the winter.

UK continuing to export electricity and gas to the EU and there is no limit on wholesale power prices now.

Drax share price data is direct from the London Stock Exchange
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