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
  7.60 1.75% 442.60 1,080,390 16:35:14
Bid Price Offer Price High Price Low Price Open Price
443.00 443.60 444.80 434.60 435.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 4,235.00 -234.70 -39.80 1,764
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:25 O 528 444.383 GBX

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Date Time Title Posts
17/6/202110:19Drax - Biomass4
21/5/202109:29Drax - Coal power and yield3,511
23/7/201820:59Drax (DRX) One to Watch on Tuesday -
23/2/201608:07*** Drax ***938
12/9/201411:42Zak 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
2021-06-23 17:28:47444.385282,346.34O
2021-06-23 17:28:35443.962461,092.13O
2021-06-23 16:27:41440.9716,41172,367.09O
2021-06-23 16:27:09440.3018,37580,905.68O
2021-06-23 16:25:22442.6046,415205,432.79O
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Drax (DRX) Top Chat Posts

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 435p.
Drax Group Plc has a 4 week average price of 416p and a 12 week average price of 390p.
The 1 year high share price is 459.60p while the 1 year low share price is currently 219.60p.
There are currently 398,514,001 shares in issue and the average daily traded volume is 1,385,340 shares. The market capitalisation of Drax Group Plc is £1,763,822,968.43.
scotches: Citi upgraded its stance on shares of Drax on Monday to 'buy' from 'neutral' following the recent UK power price rally of more than 20% in the last month. "In our view, Drax should benefit from the circa 50% and circa 80% merchant output exposure in FY22 and FY23 respectively," the bank said. Given the operational gearing of Drax Power, it lifted its EBITDA forecasts to FY25 by 6-20% and its earnings per share by 16-29%. As a result, the bank also upped its price target on the stock, by 28% to 505p. "Longer term, we remain cautious on biomass as a technology in the path to net zero, given the debate on its creditability of being a truly net zero technology," it said.
castleford tiger: electricity price has doubled in last few months??
paulo435: Possibly the news on vertical integration. Acquisition of wood chip supplier ie ... “Energy company and power station operator Drax Group's acquisition of a Canada-based supplier of wood pellets has moved forward. A deal was agreed with Pinnacle Renewable Energy in February 2021 for the acquisition by Drax Canadian Holdings, an indirect, wholly-owned subsidiary of Drax, of the entire issued share capital of Pinnacle. The purchase price of C$11.30 per share values the fully diluted equity of Pinnacle at C$385m (£226m), with an implied enterprise value of C$741m, including C$356m of net debt. Pinnacle is a key supplier of wood pellets for Drax and other third parties in Asia and Europe, with C$6.7bn of contracted sales. The deal is set to add 2.9 million tonnes of biomass production capacity to the group and significantly reduce its average cost of production. A circular in relation to the acquisition has now been published.”
cassini: Castleford Tiger, I bought DGOC (Diversified Gas and Oil) shares with my DRX profits. We'll see if that turns out to have been a good idea. Growth prospects are modest but the divi is high. Usually my selling a share gives it an extra upward impetus ;0)
cassini: Sold at 388p earlier this week. Drax has a decent divi considering my much lower buy price but in the end, what with the (more than) total recovery from the lows I have decided to see if my money can be better put to work in another share.
cassini: Over 400p, new closing high and highest price since the beginning of 2019.
scotches: The analysts have now managed to observe that the share price has gone up so up go their "forecasts". "Share price forecast The 10 analysts offering 12 month price targets for Drax Group Plc have a median target of 390.00, with a high estimate of 475.00 and a low estimate of 248.00. The median estimate represents a -0.76% decrease from the last price of 393.00." Tomorrow will be Tuesday....
scotches: Is the FT page on forecasts up to date. Broker forecasts on price usually track an improving share price even if generally incapable of predicting future direction. hTTps:// "The 10 analysts offering 12 month price targets for Drax Group Plc have a median target of 355.00, with a high estimate of 400.00 and a low estimate of 248.00. The median estimate represents a -10.22% decrease from the last price of 395.40."
cassini: I'm in a quandary as to whether to take profits. Consider this scenario - someone buys 500 Drax shares at 200p, then it rises to 400p. His original outlay of £1000 bought shares that have now doubled in value to £2000 and the dividend is 8.15% - relative to his original buy price. Not bad at all. He gets 16.3p per share as a dividend (£81.50 dividend annually in total). However the dividend is actually 4.08% to a buyer at the current share price of 400p. He could sell up DRX and with the proceeds buy £2000 worth (1751 shares) of, say, DGOC instead. With a dividend of 10.85p/share (maintained through 2020 incidentally), his DGOC investment will return a dividend of £190 per year. He is now getting over double the DRX dividend payment (if held in a SIPP, as DGOC is subject to withholding tax). Considering the original outlay into Drax was £1000, that's a bit like getting a 19% dividend on the original £1000 investment inside of a year. All this supposes of course DRX does not climb in value much further and DGOC does not drop or stop paying the dividend. You can replace DGOC with a similar high yield share. Of course Drax could climb higher - it's been much higher in the past, but it's met resistance at ~400p since 2015. Decisions, decisions...
Drax share price data is direct from the London Stock Exchange
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