Sse Share Discussion Threads

[redartbmud] 24/7/2014 15:21

There is a big squeeze going on.
On the one hand, it is spend borrow spend and on the other cut your prices and cut again. By the way - you can't penalise anyone who choses not to pay for what they consume, even if they can pay.
Eventually Millipede and Flat Ed Balls will have the equivalent of a free nationalised business. Shareholders with no income.

[skinny] 24/7/2014 14:30

In the grand scheme of things it seems pretty negligible - they had to make some 'noise' and they have done so :-

"Maxine Frerk, Ofgem's Senior Partner for Distribution said: "A power cut at Christmas time is the last thing anyone needs. While we recognise the hard work of the companies and their staff who were out working to reconnect customers during the severe weather, the companies could have done more to plan for the weather and keep customers informed. This is why we have secured an additional £3.3 million, bringing the total payout to £8 million.

"Ofgem is constantly striving to drive up standards for customers. That is why we have more than doubled the payouts that firms will have to pay if customers are without power during severe weather events from £27 to £70. Network companies need to learn the lessons of last winter as a repeat performance will trigger further action from Ofgem."

[losos] 24/7/2014 14:26

Skinny - "has put the industry on notice that it must learn from the lessons of last winter"

In my book that means spending more money - so on the one hand we have Milipeed and his cronies saying freeze prices and on the other Ofgem urging power companies to spend more. A better example of how the devious human mind works would be hard to find grrrrrrrrrrrrr

[redartbmud] 24/7/2014 08:08

I thought that corporal punishment was outlawed.
Get out the big stick and cane the offending pupil?

[skinny] 24/7/2014 07:09

SSE AND UKPN PAY OUT £8 MILLION FOLLOWING CHRISTMAS STORMS

· Ofgem secures an additional £3.3 million following its investigation into how SSE and UKPN handled last winter's storms
· The firms have already paid customers £4.7 million and committed to improvements
· Ofgem will more than double minimum payments to those affected by severe weather incidents in future and has put the industry on notice that it must learn from the lessons of last winter


more...

[gbb483] 23/7/2014 11:13

None - punters who play with stop losses would've had scripts to reset them for the dividend.

Talking of which, we're now up on the day taking the dividend into consideration.

[hanse495] 23/7/2014 09:40

I wonder how many stop losses got caught out this morning

[wad collector] 22/7/2014 22:33

Even Xd (60.7p)I don't think you will be waiting too long for £16 again. Unless there is a General Election looming of course...

[skinny] 22/7/2014 10:40

I was expecting a bit more interest ahead of tomorrow - the recent price movement hardly inspires - I'm regretting not selling on the recent attempts @£16.

[philo124] 21/7/2014 22:28

No firm long term plan- too right. Been out of this for some time but maintain an interest in watching for a good price to get back in.

[wad collector] 20/7/2014 23:28

That is always a risky strategy when the share price can move so sharply .
Harvester , I think there is widespread ignorance about the fragility of the UK electricity supply. Successive Governments have either put their heads in the sand or tried to make political capital out of the suppliers , but we have an ageing infrastructure and still no firm long term plan. Ultimately , a UK Government is going to have to either let the market sort this out (Which will result in higher prices) , or heavily invest in the supply chain. Either way , companies like SSE will benefit. This may take years , hence my reference to pension.

[gbb483] 20/7/2014 07:43

This drop before ex-div implies punters wanted to realise capital gains (probably to offset against other losses) rather than taking the income gain from the dividend. They'll be buying back in once the stock goes ex-div.

[harvester] 19/7/2014 23:11

wad: that may work out for your pension and even in the short time if the price dip on ex-divi is less than 61p.
I have taken a contrary view . Planning to sell part of my long-term SSE holding(average buy-in price 1138) on ex-divi day for £16 using options bought as hedging insurance a while back . Not planning to re-invest immediately except on substantial price weakness closer to 1400 or below .
SSE will face considerable political headwinds this coming year .
Longer term its contribution will be more appreciated when the risk of power cuts looms .

[wad collector] 18/7/2014 11:16

The bottom line.....

SSE will publish its Notification of Close Period on 30 September 2014 and its results for the six months to that date on 12 November 2014. It remains on course to achieve its first financial objective of a full-year dividend increase that at least keeps pace with RPI inflation.

To monitor financial performance over the medium term, SSE focuses on adjusted earnings per share, which has the clear benefit of defining the amount of profit after tax that has been earned for each ordinary share and so provides an important measure of underlying financial performance. In a challenging business environment, SSE continues to expect that its adjusted earnings per share for 2014/15 will be around or slightly greater than that achieved in 2013/14 (123.4p).

As SSE acknowledged in its Notification of Close Period on 26 March, however, energy sector conditions mean that increases in its adjusted earnings per share are subject to greater risk in 2015/16 and 2016/17.




The news of a flat future is hardly surprising , but if you view SSE as a cash cow , still looks a good buy to me. I am hoping for a little more weakness to add .
On further thoughts , may have bottomed today and xd 60p next week so added at 1513p. Pension fund.

[skinny] 11/7/2014 07:05

· Ofgem approves need for new link between Caithness and Moray
· New link will bring 1.2GW of renewable energy to Britain's electricity network
· Ofgem approves new transmission charging methodology, effective from April 2016
· Actions will contribute to an energy system that is fit for purpose for future consumers

[zcaprd7] 09/7/2014 23:56

Thanks. Can't scroll the thread early in a smartphone...

[skinny] 08/7/2014 14:10

Glad its sorted.

[micos] 08/7/2014 14:06

Skinny,
Thank you for the link. All sorted.

[skinny] 07/7/2014 16:34

micos - post your problem on .,

[grahamburn] 07/7/2014 16:25

Sorry. No idea.

[micos] 07/7/2014 15:27

Grahamburn,
I have recently lost all of my headers for each of the BB's that I monitor. Do you know how to get them back?

[grahamburn] 07/7/2014 15:04

Just scroll back up above the posts - and all will be revealed!

[zcaprd7] 07/7/2014 14:20

Anyone know the ex dividend dates?