Sse Share Discussion Threads

[garycook] 31/3/2017 09:53

Well seeing inflation is rising,then why not ?

[spoole5] 31/3/2017 09:47

Is it sustainable in the medium term though?

[garycook] 31/3/2017 09:44

The 6.3% yielding dividend not to be sniffed at though is it !!!

[muffinhead] 31/3/2017 08:21

Debt to ebitda levels are going up next few years...cashflow flat
Leverage without increased revenue and already top of range 6% profit margins, increases risk
Balance sheet is a tad stretched

[par555] 30/3/2017 16:59

Under investment in infrastructure and the need to catch up on this could be a factor judging by the number of times they have dug the road up in the same place 400 yards from where I live in the last couple of years.

[bountyhunter] 30/3/2017 11:13

that's why it's down a bit I think but yield is still excellent and forecast to be increased by at least RPI going forwards and other aspects more positive

[bountyhunter] 30/3/2017 11:13

also the Scottish issue will drag on and on but I can't see that coming to a head any time soon

[indianspan] 30/3/2017 09:28

SSE WARNS OVER NEXT YEAR'S EARNINGS


(ShareCast News) - Energy supplier SSE said on Thursday that it expects operating profit in its networks division to be around £100m lower in 2017/18 than the current year on a like-for-like basis.
In addition, changes in the gas distribution revenue earned by SGN are likely to reduce its operating profit contribution to SSE by around £20m, after taking account of SSE's sale of a 16.7% stake in the business.

SSE said it now expects its dividend cover for 2017/18 to be within, but towards the bottom of the expected range of around 1.2 times to 1.4 times that it set outs in its annual report 2016 for the three years to 2018/19.

On a brighter note, the company said it expects adjusted earnings per share of between 122p and 125p for 2016/17, up from a stated target of at least 120p. It also said dividend cover is likely to be at the top of the range of around 1.2 times to 1.4 times that it expected, as stated in May last year.

Finance director Gregor Alexander said: "The operating environment has presented SSE with a number of complex issues to manage, but in this financial year we have been able to offset the impact of disappointing renewable energy output caused by drier and less windy weather conditions.

"We can expect additional challenges in the new financial year, but we are committed to delivering annual dividend growth that at least keeps pace with inflation, and to working towards ensuring that dividend cover remains within the expected range, albeit towards the bottom of it."

At 0900 BST, the shares were down 1.7% to 1,462.80p.

[indianspan] 30/3/2017 09:28

SSE WARNS OVER NEXT YEAR'S EARNINGS


(ShareCast News) - Energy supplier SSE said on Thursday that it expects operating profit in its networks division to be around £100m lower in 2017/18 than the current year on a like-for-like basis.
In addition, changes in the gas distribution revenue earned by SGN are likely to reduce its operating profit contribution to SSE by around £20m, after taking account of SSE's sale of a 16.7% stake in the business.

SSE said it now expects its dividend cover for 2017/18 to be within, but towards the bottom of the expected range of around 1.2 times to 1.4 times that it set outs in its annual report 2016 for the three years to 2018/19.

On a brighter note, the company said it expects adjusted earnings per share of between 122p and 125p for 2016/17, up from a stated target of at least 120p. It also said dividend cover is likely to be at the top of the range of around 1.2 times to 1.4 times that it expected, as stated in May last year.

Finance director Gregor Alexander said: "The operating environment has presented SSE with a number of complex issues to manage, but in this financial year we have been able to offset the impact of disappointing renewable energy output caused by drier and less windy weather conditions.

"We can expect additional challenges in the new financial year, but we are committed to delivering annual dividend growth that at least keeps pace with inflation, and to working towards ensuring that dividend cover remains within the expected range, albeit towards the bottom of it."

At 0900 BST, the shares were down 1.7% to 1,462.80p.

[redartbmud] 30/3/2017 09:14

2017/18 would appear to be a tougher year, based on current data.

[garycook] 30/3/2017 09:14

Cannot see that warrant,s a 2% drop in share price It must be the Scottish issue !

[redartbmud] 30/3/2017 09:10

From the RNS:
Financial outlook - 2016/17

SSE expects that it will deliver for 2016/17:

-- an increase in the full-year dividend that is at least equal to RPI inflation*, currently expected to be slightly over 2%;

-- adjusted earnings per share* of between 122 pence and 125 pence, which compares with the stated target of at least 120 pence; and

-- dividend cover that is towards the top of the range of around 1.2 times to around 1.4 times that SSE expects, as stated in May 2016, to deliver over the three years to 2018/19.

[bountyhunter] 30/3/2017 08:40

RNS out - "Notification of Close Period"

this reads more like an early release of the finals too me!

[wad collector] 30/3/2017 08:30

I presume this share price drop is about price caps .

[spoole5] 29/3/2017 20:23

Looking cheap at the moment.

[muffinhead] 26/3/2017 22:09

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[linton5] 18/3/2017 17:24

Yip I'm watching carefully here

[bountyhunter] 14/3/2017 07:55

interesting, I noticed that also; if the movement is up from here we could see a golden cross forming

[muffinhead] 13/3/2017 23:29

viewed from long term


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[muffinhead] 13/3/2017 23:21

Coiling up, getting ready for a big move


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[bountyhunter] 11/3/2017 12:57

Wadc - I think we escaped that one fortunately :-)

Header dividend section updated btw.

[wad collector] 08/3/2017 10:24

Is the Chancellor about to shaft the utilities share holders for some more money?