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JEL Jersey Electricity Plc

445.00
10.00 (2.30%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jersey Electricity Plc LSE:JEL London Ordinary Share JE00B43SP147 'A'ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  10.00 2.30% 445.00 7,095 16:00:44
Bid Price Offer Price High Price Low Price Open Price
430.00 460.00 445.00 435.00 435.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 125.08M 11.28M 0.3681 12.09 136.35M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:03:24 O 1,127 442.546 GBX

Jersey Electricity (JEL) Latest News

Jersey Electricity (JEL) Discussions and Chat

Jersey Electricity Forums and Chat

Date Time Title Posts
18/4/202414:17Jersey Electricty are they mad?51

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Jersey Electricity (JEL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:03:24442.551,1274,987.49O
15:09:58442.501,1274,986.98O
14:59:10440.001,0004,400.00O
14:57:01440.007503,300.00O
14:55:46440.007503,300.00O

Jersey Electricity (JEL) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Jersey Electricity Daily Update
Jersey Electricity Plc is listed in the Electric Services sector of the London Stock Exchange with ticker JEL. The last closing price for Jersey Electricity was 435p.
Jersey Electricity currently has 30,640,000 shares in issue. The market capitalisation of Jersey Electricity is £136,348,000.
Jersey Electricity has a price to earnings ratio (PE ratio) of 12.09.
This morning JEL shares opened at 435p
Posted at 18/4/2024 14:10 by cyfran101
Well done Clocktower they are stating solar & wind are the approved alternatives to tidal. I just hope they can reduce their 95% reliance on France.

hxxps://www.jec.co.uk/about-us/our-vision/infrastructure/tidal-power-and-renewables/

"Jersey tidal power would cost four times current prices
In 2019/20, 36% of our imported electricity was from EDF’s tidal power plant on the estuary of the Rance River in Brittany. We know this because the power is certificated, which means we know its source through regular reports from EDF. Jersey, therefore, already benefits from renewable hydropower.

We estimate the cost of developing and producing power from Jersey waters to be currently around four to five times higher than the price at which we import from France. The reason is that it is costly to build tidal farms. They are new and risky for developers who price that in. For sure, these facilities can be built; however, retail prices in Jersey would have to go up significantly to pay for them.

We have been following innovation in tidal power for many years. In 2011, we witnessed the trial of EDF’s two prototype 2MW tidal turbines in Brittany. These turbines were intended to form part of a tidal farm of four such turbines. Unfortunately, the two trial turbines were removed from the seabed in 2017 for repairs and never redeployed.

At the cost of around €40million, the 8MW tidal farm, had it been completed, would have powered just 2.4% of the Island’s annual consumption (circa 15GWh).

To put that into perspective, Jersey’s most recent supply cable, Normandie 1, cost £30m, has a 100MW capacity and in 2018/19 provided around 200GWhs. This represents a third of the Island’s annual power consumption.

Furthermore, the Normandie 1 cable can provide more than three times this amount if required. Our existing importation strategy is, therefore, providing the low-cost, reliable and sustainable power Jersey needs"
Posted at 03/4/2024 09:37 by eezymunny
Suspect just a balancing up in a higher interest rate environment, iain. Forecast yield c. 5% not wildly exciting vs interest rates. And it´s the most boring company imaginable. One to own when it yields sign. more than you can get in the bank perhaps? 3 quid a share a nice buy if Mr Market gets careless? Doubt you´ll see that...
Posted at 18/10/2022 17:04 by clocktower
What will happen if France are unwilling to supply power to JEL this winter, regardless of the contract.

Does the company have a back up plan? Do they have sufficient generators to cope without French power this winter?

Is this the reason the share price is falling, will profits disappear if they are forced to invest in new equipment to try to make up the shortfall.

How long would it take them to become self sufficient but also at what cost?
Posted at 04/7/2022 19:42 by cyfran101
Well three years ago I had hoped that JEL might have diversified their sources of power but this is still overwhelmingly coming from EDF and now we have issues with EDF prior to end of fixed contract 2023.

I can see how there are many plus issues at present but was hoping that they may have taken advantage of the tidal benefits to the east of Jersey or wind turbines at sea but this isn't even mentioned in the recent Edison report.

Never rely on one source
Posted at 15/4/2019 12:56 by cyfran101
I'm expecting over the next decade that JEL will have a more variety of electricity supply rather than depending on EDF alone.

Development of the Normandy tidal races and a dash of solar/wind should reduce any worries of over-dependency on one source.

I'm fully expecting that the channel islands will convert fully to electric only cars in the next decade as "range anxiety" is not such a serious concern and that the ownership structure of JEL particularly allows strategy to be aligned.

Not going to blow the light out put potential for good steady growth IMHO
Posted at 02/1/2019 19:23 by hyperdrive
Research group Bleeron proved the difference in share performance between AIM, Venture Capital and the main market is down to more share options in the main market. Giving the board of directors more share options leads to greater company performance. Share options make a bigger difference than directors pay. It is their belief more share options help prevent downs like the one being experienced in the global markets.

15% Yield predicted in Jersey electricity.

People do not trust Lloyds bank because they have massive assets and are not doing share buybacks. More share buybacks please in Jersey electricity and Lloyds bank. Most of the returns from companies on the stock market come from share buybacks and dividends in terms of how much growth really takes place.

Companies faked their whiz popper stories of nothing to something in the days before the internet. The internet proves companies grow slowly.
Posted at 14/12/2016 08:58 by praipus
I stand corrected. But Isn't awarding your self £400k in a year when the share price has dropped a bit like madness?

Heard someone say something like "power corrupts in proportion to its influence".
Posted at 14/12/2016 08:37 by clocktower
Maybe your new header should just reflect Greed and not madness - they were never mad to take the actions they did - Try "Are the BoD of JEL Greedy"
Posted at 23/11/2012 20:31 by dab26
If you take a look back through the most recent RNS releases, I think you'll get the picture:



I think supply disruptions and projected capex on a new cable to France have caused some weakness plus obviously demand is more muted than might normally have been the case given the current macro environment.

A large capital outlay is obviously not a great thing from a shareholder point of view, short-term, but in the longer run I would hope that the management would get things settled down as soon as possible.

I'd say Jersey has just had a run of bad luck but they have always seemed to me to be a conservative and solidly run company. I like them, hold and may consider adding to my admittedly small position when it looks like the tide has turned re funding requirements, but I am not expecting that to be in the immediate future.

Very best

DAB
Posted at 23/11/2012 18:02 by fittster
What's been causing the decline in the share price over the last 3 months? Down from 325 to 260.
Jersey Electricity share price data is direct from the London Stock Exchange

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