Sse Share Discussion Threads

[dr biotech] 15/1/2014 10:43

Its definitely a price cut from 1800 to 1200. Just following the share price like a herd of fantastically overpaid sheep.

[shugsy] 15/1/2014 10:07

Barclays slash 35% off the company in one go!

Ouch.

[phil140158] 15/1/2014 10:06

Thought it was ex-divi today, but I see that's next week!

[visionon] 15/1/2014 10:05

From Sharecast:

SSE and Centrica were also suffering from the effects of a broker downgrade today after Barclays Capital lowered both stocks to 'underweight'.

I suspect the prices were the wrong way round. 1800 is old and 1200 new.

Another broker also downgraded this week from 1800 to 1400

I'll keep taking my dividend...helps pay my brokers fees !!

[shugsy] 15/1/2014 09:48

It's a price increase Dr.

Old price target of 1200 new 1800.

Can't find a previous rec.

Unless the prices are the wrong way around, but surely they wouldn't have had 1200 some time ago?

[shugsy] 15/1/2014 09:46

15 Jan 14 SSE PLC Barclays Capital Underweight 1,314.50 1,200.00 1,810.00 Downgrades

[dr biotech] 15/1/2014 09:42

Its underweight with a big price cut - probably accounts for todays drop. To me its just an example of the brokers being way behind the curve. They have just moved their target towards the current price, rather than the seeing the share price move towards their target.

[shugsy] 15/1/2014 09:35

Skinny

Hope they don't change that 1800 to an 1100 or something.

Maybe explain the 3% falls if we have recieved downgrades this morning.

[skinny] 15/1/2014 09:33

Shugsy - it was definitely "Overweight" originally - I copy and pasted it!

Still all a bit odd.

[harvester] 15/1/2014 09:31

Losos: " why can't Red Ed and his cronies see that? "
I am sure he can see that but when you are a politician who wants to gain power you say what the "populus" wants to hear . He knows he can break his promises once elected .

[shugsy] 15/1/2014 09:24

Underweight but a huge price target increase?

Typo somewhere surely.

[skinny] 15/1/2014 09:23

Something afoot - IMS due by the 7th February.

[lord gnome] 15/1/2014 09:15

Clearly somebody doesn't agree with that assessment. Stock being dumped and down heavily this morning. Any idea why?

[skinny] 15/1/2014 08:25

Barclays Capital Overweight 1,355.00 1,349.00 1,200.00 1,810.00 Downgrades

On edit - the note has now been changed to "Underweight" !

[losos] 10/1/2014 16:41

gbb483 - "The CAPEX reduction is because of the child Red Ed's threat to cut their income"

Do you remember that village in Suffolk that was without power (Because a sub station transformer failed) there was none in stock or at the manufacturer. They had to drop everything and build one specially for the electric company, it took over three weeks and then it had to be delivered and installed.

Can't remember which year it was now but not that long ago.

I mention it because capping the income the utility companies earn can have serious consequences not just in the CAPEX programme. Why can't Red Ed and his cronies see this ???

But, let us hope that it's Red Eds home town that has the blackouts. That would have me laughing all day.

[gbb483] 09/1/2014 07:02

The CAPEX reduction is because of the child Red Ed's threat to cut their income. The money will be used to supplement income if Red Ed doesn't get put back into kindergarten.

[dr biotech] 07/1/2014 17:09

I doubt a special dividend would be great PR. Just increasing it above the rate of inflation would suit me.

[tamboerskloof] 07/1/2014 16:59

Something has got to give soon, they will need very deep pockets if they go for a Buy Back, I would be more than delighted to receive a Special Dividend instead.

[shroder] 06/1/2014 23:31

I think most of the utilities will be brimming with cash due to a sharp reduction in CAPEX.

SSE have cancelled (or postponed) several large projects including planned upgrades. What they choose to do with the cash is unsure, I know SSE are at the moment considering a share buy back programme as one option.

[kitbag1984] 06/1/2014 22:12

Actually this isn't my first buy but my second. Brought my first at around 15.50 after labours comments. This will bring my average down. Unless someone is able to add more the fundamentals haven't changed since they were 16.90. For a yield of 6% I have not lost any opportunity cost and can simply wait until it comes back up. Collecting the div as time goes on. I am in no rush and it is better than being in the bank. However my worry is that they can't cover the dividend.If they were to lose this then I think investors would leave in droves. That may actually be a reason to keep it going until the economy recovers.Any thoughts on this.

[gateside] 06/1/2014 22:10

Ex Div on 22nd January

[slaphead240] 06/1/2014 20:43

Kitbag my thoughts exactly and goes ex div in a couple of weeks. Some good volume going through lately too.

[kitbag1984] 06/1/2014 17:24

Have brought into today at 1360. The yield at this price is very attractive. Politics aside this is a very cash generative business and as it will be part of my lt buy and hold I can wait whilst it recovers. Reminds me a little like when I brought some Vodafone last year at the same time. Though I don't expect it to perform the same.

[mikepompeyfan] 02/1/2014 17:09

Can Britain's energy companies sink even further in public estimation? You wouldn't have thought it possible, but every day, it seems, brings new evidence of incompetance or overcharging.
Yesterday The Daily Telegraph reported that three of the big six energy companies – npower, ScottishPower, and SSE – have yet to pass on the cuts in so-called green taxes, for which the big Six campaigned so vigorously last autumn, even though ministers assured us at the time that "all of the major energy suppliers have confirmed that they will pass the benefits of this package to their consumers".
British Gas implemented a rice cut yesterday, while E.on and EDF both said that they moderated their last price increase because of the deal, which cut the "taxes" – mainly in fact a scheme to help poor people better insulate their houses, and thus save energy and money – by an average £50. But, scandalously, npower and ScottishPower have given no firm details of when they will reduce bills or by how much, while SSE has pledged a reduction of about four per cent, but has only undertaken to implement it before the end of March.
Today the Big Six have been accused of costing households an extra £150 over the past three years through paying an extra £4 billion for their power than the average market rate. Labour accuses them of "deliberately inflating prices to boost profits from their power stations", though the companies have denied selling power to their supply businesses from their own generating plant in this way.
And – after rarely losing an opportunity to raise the spectre of the "lights going out" when lobbying for their own interests – the industry manifestly failed to cope when they actually did over Christmas, taking nearly a week to reconnect all the homes that lost power through the storms. Bosses of energy network companies are to be hauled before both energy secretary Ed Davey and a parliamentary committee to explain the "unacceptable performance", and environment secretary Owen Paterson said they had "badly let down" their customers. They had had plenty of warnings about the severe weather, he said, but yet were still "not prepared".
Appalling through their continuing performance is, however, there is another culprit besides the companies. Private corporations can be expected to seek to maximise their profits, though it should be by fair means rather than foul, and so when the energy industry was sold off a regulator was set up to safeguard the public interest.
But the supposed watchdog, Ofgem, has behaved more like a particularly petrified poodle, seemingly terrified of the companies it is supposed to oversee, and failing to hold them adequately to account. It has just appointed a new chief executive, Dermot Nolan, the chair of its Irish equivalent, who – it is hoped – will prove to be a break with the past. He urgently needs to shake up both his own organisation, and the industry as a whole, when he starts work in March.