Jersey Electricity Share Discussion Threads

[cyfran101] 18/4/2024 14:17

Edison have just released an interesting read as well

hxxps://www.edisongroup.com/research/decarbonisation-fuelling-growth/33482/

[cyfran101] 18/4/2024 14:10

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"

[eezymunny] 03/4/2024 09:37

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...

[iain1997] 02/4/2024 22:58

Anybody no why this is tanking?

[clocktower] 16/1/2024 09:42

Cold weather and increasing charges seem to be lifting this, and there is a lot more headroom imo. Target £5.5

[clocktower] 11/9/2023 15:33

It is reported that Guernsey turned down the proposals, as they suggested that The States of Jersey have been less than honest and the Jersey Electricity company never paid there way on repairs to the cable in 2015.

The company really pay it's CEO with benefits over £400,000k and years ago it was rumoured that the CEO also received remuneration from other associated companies, subsidiaries/businesses that provide energy related services. No idea if this is still the case but questions need to be asked at the next AGM by a local shareholder.

There is so much smoke and mirrors with so many listed companies as directors feather their own beds, so well.

That must be about £4 each for every resident of the Island I guess.

[clocktower] 18/10/2022 17:04

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?

[clocktower] 18/8/2022 13:02

cyfran101 - I think the things you speak of will require to much capital investment to make it viable. When they re-negotiate the contract you speak of with EDF they will no-doubt have to pay a big premium to current prices but that will just be passed on to the consumer, and if it's anything like the big oil companies, they will benefit from the higher prices they charge.

The only viable thing they can do is flood the fields with solar power units but to do that would take up a lot of the limited land they have on the Island and my guess is that there would be an outcry because the folks like to see fields of Jersey Cows as its good for all tourists.

The risk is the French Power Station nearby if a war with Russia or China took place.

[cyfran101] 04/7/2022 19:42

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

[undervaluedassets] 20/12/2021 18:06

Nice results on 15/12/21

Very conservatively run.

[clocktower] 03/2/2021 21:11

Moved up nicely over the pass nine months but like a lot of companies COVID might be having an impact, so maybe a pull back is on its way.

Hotels closed, restaurants closed, big name shop closures and it has not been a cold winter in the Channel Islands.

So target sub £5.

[praipus] 01/12/2020 22:07

Finda Telecoms Oy.?

[praipus] 05/8/2020 19:28

Updated header and counter.

[4spiel] 20/4/2020 22:33

Long term decline here due to obsession with French imports!

[clocktower] 15/4/2019 13:32

No competition ensures steady income, and they have the ability to up the charges as and when they wish - huge investments have already been made and will need to be made if they are to convert to other sources of power.

As for Electric cars making any difference, I expect the size of the market there limits that as a growth source of income.

[cyfran101] 15/4/2019 12:56

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

[hyperdrive] 03/1/2019 13:52

Companies like Jersey electricity make money doing things identical and cheaper than the competition. This is how business is done. It is the companies which do everthing identical and cheaper which make the bulk of the profits. Whichever store offers a product identical and slighly cheaper makes the bulk of the profits. You could have dole men posting helpful comments online for a bit more dole money.

[hyperdrive] 02/1/2019 19:23

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.

[essential] 07/2/2018 19:29

Yes it's unexciting but if the market tanks then these type of shares become much more attractive

[clocktower] 07/2/2018 14:04

Solid investment and return, no-doubt but will the share price rise by much if anything over the next couple of years?

Profits should increase though, due to the massive increase in building in Jersey that is in the pipeline according to the local papers.

Even a new airport seems to be possible:

hxxps://jerseyeveningpost.com/news/2018/02/06/plans-for-42m-airport-overhaul-submitted/

hxxp://www.ifcjersey.je/

[essential] 07/2/2018 13:26

Bought some today. Rick solid with a nice yield

[praipus] 14/12/2016 10:16

ADVFN figures seem to be a bit late. Dividend increase is to be commended figures look good to me. Will continue to try to hold.

[praipus] 14/12/2016 08:58

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".