Sse Share Discussion Threads

[yf23_1] 20/6/2016 17:54

Your stupid statement adds nothing.
One can only presume you and your statements are a waste of time.

[gateside] 19/6/2016 00:31

Take your money and invest elsewhere then.

[yf23_1] 18/6/2016 14:37

Personally I think its disgusting to have to wait nearly 2 months for dividend payment after xd date.
Some companies pay within 4 weeks.

[bountyhunter] 17/6/2016 13:12

header updated with the latest key dates

[thomasthetank1] 19/5/2016 18:09

Read AlphaValue's note on SSE PLC (SSE), out this morning, by visiting hxxps://www.research-tree.com/company/GB0007908733

"Positive FY15-16 results for the company despite the challenging conditions as the adjusted operating profit decreased by 3% yoy to £1,824m, but this was ahead of estimates. Following the same path, adjusted profit before tax fell 3.2% yoy to £1,513m, which is 2% better than expected. Reported net profit decreased by 15.2% yoy to £460m, affected by £889.8m of impartment charges linked to the wholesale market, although on an adjusted basis net income fell 1.8% to £1,195m but beating forecasts, translating into an EPS of 119..."

[bountyhunter] 18/5/2016 13:39

those dates should be in the SSE financial calendar in due course (link at end of header)

[speedsgh] 18/5/2016 10:34

from today's results rns...

Investor Timetable

Annual report on sse.com/investors - 21 June 2016

AGM (Perth) and Q1 Trading Statement - 21 July 2016

Ex-dividend date - 28 July 2016

Record Date - 29 July 2016

Final date for receipt of Scrip Elections - 26 August 2016

Payment Date - 23 September 2016

Notification of Close Period - by 30 September 2016

Results for six months to 30 September 2016 - 9 November 2016

[wad collector] 18/5/2016 09:45

More importantly the xd will be either the 21st or 28th July. Curious they don't mention it anywhere.
The market has been neutral to the prelims so far , though doubtless a few brokers will earn their commissions with some opinions in the next few days.


Actually it is on the statement;
Ex-dividend date 28 July 2016

[zeppo] 18/5/2016 09:45

Thanks guys!

'Financials' above very helpful and are sometimes updated immediately but not always

z

[sicker] 18/5/2016 09:42

zeppo, last year it was 18th September if that's any help.

[skinny] 18/5/2016 09:21

Whenever it is, it will be 62.5p (89.4 - 26.9)

[zeppo] 18/5/2016 09:01

Divi pay day?

Scrolled down and saw divis. mentioned at least four times but could not find the payment day.



z

[redartbmud] 18/5/2016 08:06

On initial reading of the numbers it looks to me that they are working very hard to achieve the results. They do not have a lot of wriggle room, so the slightest headwind will give them problems in meeting targets going forward.

[skinny] 18/5/2016 07:15

JP Morgan Cazenove Overweight 1,531.00 1,550.00 1,550.00 Reiterates

[skinny] 18/5/2016 07:03

18 May 2016
This report sets out the preliminary results for SSE plc for the year to 31 March 2016. It includes updates on operations and investments in its Wholesale, Networks and Retail (including Enterprise) businesses.

Overview
· SSE has met its main financial objective of an annual increase in the full-year dividend that is at least equal to RPI inflation - recommended full-year dividend up 1.1% to 89.4p;
· Adjusted earnings per share down 3.7% to 119.5p but ahead of target of at least 115p;
· Dividend cover of 1.34 times, which is within the expected range of 1.2 times-1.4 times;
· SSE is targeting a return to growth and adjusted earnings per share of at least 120p in 2016/17; and delivery of a full-year dividend that at least keeps pace with RPI inflation in 2016/17 and in the subsequent years;
· Taking account of the general uncertainties in the operating environment, SSE expects its dividend cover could range from around 1.2 times to around 1.4 times over the three years to 2018/19, based on dividend increases that at least keep pace with RPI inflation;
· Adjusted profit before tax fell by 3.3% to £1,513.5mand reported profit before tax fell by 19.3% to £593.3m;
· All three reportable business segments contributed adjusted operating profit during 2015/16: Wholesale earned £442.5m, down 6.6%; Networks earned £926.6m, down 1.1% and Retail (including Enterprise) earned £455.2m, down 0.4%. Overall, operating profit is as expected when SSE published its Notification of Close Period on 24 March 2016, although the mix of operating profit is slightly different;
· SSE recorded net exceptional charges of £889.8m before tax which was predominately related to impairment of certain Wholesale assets. Against this, SSE also recorded a gain on the disposal of an interest in its Clyde wind farm of £138.6m which was recorded directly in equity.
· Capital and investment expenditure totalled £1.6bn and adjusted net debt and hybrid capital was £8.4bn at 31 March 2016, compared to £7.9bn at 30 September 2015. While underlying cash flows remain strong, the increase in adjusted net debt follows the acquisition of, and resulting investment in, new gas production and infrastructure assets acquired in October 2015, and unfavourable movements in foreign exchange rates;
· SSE's total investment and capital expenditure is expected to be around £1.75bn in 2016/17 and in the range of £5.5-£6bn across the four years to March 2020;
· SSE continues to focus on operational efficiency and has also secured over £1bn from its asset disposal programme. With a small amount still to complete, this programme has already achieved its objectives and will support future operations and investment;
· SSE considers disposal of up to one third of its 50% equity stake in SGN Limited, with any proceeds being used to return or create value for shareholders; and
· SSE continues to engage constructively with policy-makers and regulators. There is now increased clarity on aspects of the external operating environment with the conclusion of the CMA consideration of the RIIO ED1 framework, planned revisions to the UK Capacity Market and the Provisional Decision on Remedies from the CMA investigation into the supply and acquisition of energy.

[wad collector] 17/5/2016 16:08

Do I see another trading out point as the share price approaches 1550? Not xd for another 2 months so might get back in before then.

[brulot] 27/4/2016 18:29

Interesting move today with no obvious reason. Plenty of strength at the moment.

[mach100] 19/4/2016 11:18

I think the fact that SSE has managed to sell off £1bn of assets to reduce and did it ahead of schedule has really pleased the market. But the main driver must the affirmation that the divi is safe which is useful for us proxy bond holders in SSE. I am looking for £17 pounds here.

[garycook] 19/4/2016 11:16

Glad I hold both NG,and SSE then !!!

[bountyhunter] 19/4/2016 10:58

NG. doing very nicely as well - both have high yields in an ongoing low interest rate environment.

[bountyhunter] 19/4/2016 10:57

and breakout from the recent downtrend?

[wad collector] 19/4/2016 09:09

It is a good stock?

[garycook] 19/4/2016 08:54

We are taking off.Can anyone explain ?