Share Name Share Symbol Market Type Share ISIN Share Description
Scottish & Southern Energy LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -62.00p -5.21% 1,129.00p 1,127.00p 1,128.00p 1,199.00p 1,103.00p 1,195.50p 8,651,040 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 31,226.4 1,086.2 81.3 13.9 11,589.51

SSE Share Discussion Threads

Showing 2876 to 2899 of 2900 messages
Chat Pages: 116  115  114  113  112  111  110  109  108  107  106  105  Older
DateSubjectAuthorDiscuss
15/11/2018
15:53
https://www.theguardian.com/environment/2018/nov/15/uk-backup-power-subsidies-illegal-european-court-capacity-market
strutt12
15/11/2018
14:23
Politics... If Rees-Mogg becomes front runner, then Corbyn really might get in... Or is it a teacup tempest and the two resignees are nobodies anyway?
wad collector
15/11/2018
14:09
What a difference a day makes, twenty four little hours. ;-)
strutt12
14/11/2018
13:15
A lot of ponderables in today's statements. I suppose the interpretation rather depends on whether one views the BOD as being fundamentally honest , or trying to obfuscate.
wad collector
14/11/2018
12:35
I don't think it's a case 'signalling that poor results are good', sure the results didn't read well but the share price responds to market expectations of the results, versus the actual results. I didn't see estimates of market expectations this time but meanwhile assume the expectations were fearing (even) worse results. And yes I think you're right, I suspect the market is sensing a potential spin-off from Renewable/Energy services...
jrphoenixw2
14/11/2018
10:43
Are SSE aiming to break themselves up? - and ultimately float (whole or partial) Renewables and Energy Services and the rest? as separate entities? Market signalling that poor results are good - because they maintained the divvi or because someone is starting to apply sum of parts valuations?
trader2
14/11/2018
10:05
JP Morgan Cazenove Neutral 1163.50 1450.00 1230.00 Reiterates
skinny
14/11/2018
08:46
header timetable updated
bountyhunter
14/11/2018
08:15
We'll done sir. Priced in so far
veryniceperson
14/11/2018
07:55
Depends how much of the news was already in the price.
yump
14/11/2018
07:54
accounts getting harder to understand. at first glance terrible, and yet a 3% dividend increase (near 9%. FY) same at VOD yesterday, a thumping loss after write downs followed by a share price surge because of the dividend. If this falls the dividend yield will be even higher. Are these high dividend shares becoming Ponzi schemes?
careful
14/11/2018
07:48
These will be well down today. Regulation are slowly destroying these energy companies.
veryniceperson
14/11/2018
07:36
"Although our half-year results are slightly ahead of the position we set out in September, they fall well short of what we hoped to achieve at the start of the year," said SSE's chairman Richard Gillingwater. "This is disappointing and regrettable, but important changes are now being made to the way SSE manages its exposure to energy commodities." BBC Business News
eeza
14/11/2018
07:05
CREATION OF SSE RENEWABLES SSE plc plans to consolidate the development, operation and ownership of its renewable energy assets in the UK and Ireland under a single entity to be known as SSE Renewables. The creation of SSE Renewables is a step towards SSE's vision of being a leading energy company in a low carbon world and is in line with SSE's commitment, set out in its Business Update in May 2018, to take forward a new business model that gives: · greater focus on core businesses including renewables; · investors greater visibility of assets and earnings; · each of its businesses the best platform for future success. Assets SSE Renewables will comprise SSE's existing operational assets, and assets under development and construction in the UK and Ireland in: · onshore wind; · offshore wind; · flexible hydro electricity; · run-of-river hydro electricity; and · pumped storage The group's operational assets are currently expected to total over 4GW at 31 March 2019, with actual capacity subject to the potential sale of stakes of up to 50% in the Stronelairg and Dunmaglass onshore wind farms. Markets The assets of SSE Renewables are all in the UK and Ireland, and the business' focus will remain on those markets. In line with its Business Update in May, SSE is also seeking to extend its core competences in renewables energy to geographical areas beyond the UK and Ireland. The creation of SSE Renewables is expected to result in the creation of more opportunities in different markets, and SSE has begun the process of early assessment of potential opportunities. Management SSE Renewables will have its own and dedicated and experienced management team. Jim Smith currently SSE's Managing Director, Generation, has been appointed Managing Director Designate for SSE Renewables. Reporting to Wholesale Director Martin Pibworth, he will lead the work being done to prepare for the formation of the new entity, which is expected to be largely complete by the end of the current financial year. Management of and reporting in relation to the new entity is likely to begin in advance of its formal incorporation. more.....
skinny
14/11/2018
07:03
Interim results for the six months to 30 September 2018 14 November 2018 This report sets out the interim results for SSE plc for six months to 30 September 2018, which are ahead of the expectations set out in the Trading Statement and Notification of Close Period Statement issued on 12 and 25 September 2018 respectively. Headline results (excluding SSE Energy Services) Excluding SSE Energy Services, which is held for disposal: · adjusted earnings per share is 19.6 pence (down 39.9%); · adjusted profit before tax is £246.4m (down 40.9%); · reported loss per share is 22.6 pence; and · reported loss before tax is £265.3m. SSE has also today announced the interim dividend per share for 2018/19 of is 29.3 pence, an increase of 3.2%. SSE is today announcing that it will consolidate the development, operation and ownership of all of its renewable energy assets in the UK and Ireland under a single entity called SSE Renewables. Revenue - adoption of IFRS15 As a consequence of adoption of IFRS 15 on 1 April 2018, optimisation trading revenue and costs of sales, which were previously presented gross, are now presented within cost of sales on a net basis. This has reduced revenue and cost of sales by £7.9bn in the six months ended 30 September 2018, with no impact on gross profit or the Group's cashflows. Outlook Dividend SSE continues to intend to recommend a full-year dividend of 97.5 pence per share for 2018/19 and to deliver the five-year dividend plan set out in May 2018. Adjusted operating profit (excluding SSE Energy Services) The outlook for SSE's Networks and Wholesale businesses for the financial year to 31 March 2019 is in line with that set out in its Trading Statement: · Adjusted operating profit for the Networks businesses is expected to increase by a mid-single digit percentage; and · Performance of Wholesale businesses will continue to be dependent on the range of factors set out at the start of the financial year; Energy Portfolio Management (EPM), however, is now expected to incur a slightly lower than previously forecast adjusted operating loss for 2018/19, at around £300m, as a result of action taken since September. Adjusted earnings per share (excluding SSE Energy Services) Excluding the results for SSE Energy Services, which is now held for disposal, SSE currently expects to deliver adjusted earnings per share in the range of 70p to 75p for 2018/19 as a whole, which compares to 98.3p on a like for like basis for the year ended 31 March 2018. The forecast adjusted EPS number excludes two gains on sale: £74.2m recognised from the sale in May 2018 of a further 14.9% stake in Clyde Wind farm. A further £53m is expected to be received as a distribution from the Environmental Capital Fund (in which SSE has a 48% stake) as a result of its sale of the independent gas transportation network Indigo Pipelines in November 2018. more.....
skinny
13/11/2018
22:12
https://www.telegraph.co.uk/business/2018/11/13/npower-saddles-owner-748m-writedown-sse-merger-struggles-forward/
eeza
13/11/2018
15:36
yes but at the exact time of the split there will be no immediate change in overall value or there would be an arbitrage opportunity, i.e. the total capitalisation at that time will remain the same (I'm not allowing for any 'stupid divi schemes' which I don't thing there is any plan for) although it will of course be influenced by market factors from that point onwards
bountyhunter
13/11/2018
14:11
Per the original release SSE holders would hold just under 2/3rds of the new company. The number of shares is unknown. The shareholding in SSE should remain the same. The divi of 80p relates to the SSE business that isn't demerged - there is no info about the new co until the transaction circular is released. The new co shares should be effectively free but the cost of the original SSE holding would need to be apportioned between the two - the exact calculation will be provided when the demerger of SSE takes place. I am assuming the above is via capital transactions - I don't want it done via a stupid divi scheme as my holding is not in an ISA. After the transactions have been completed who knows what the respective share prices will be , the SSE price could even rise.
scrwal
13/11/2018
13:56
value at the time of the split assuming market factors constant should be the same or there would be money to be made buying or selling ahead of the entitlement
bountyhunter
13/11/2018
13:03
1 sse = 1 nc =2
glasgow13
13/11/2018
09:40
OK I'm not the sharpest blade and I'm a we bit confused. So, say I owe 10,000 shares (I don't) When (if) companies merge do I then receive 10,000 shares in the new co. and are they FREE or at a discounted price. Does this mean I now have 20,000 shares or is it just a way of saying your 10k in SSE are now defunct but we have generously given you 10k in the new co. How can they set a divi price if the company does not exist yet and when will the Ex Divi date be. Lastly (thank Gawd says all) what is the expected name of the new co. ??
flatoutfred
09/11/2018
18:23
The debt split and credit agency issues are symptoms of doubts about the fundamental attractiveness of the new company to investors. The focus to date has been on the advantages and value to the “selling”; entities but it is now shifting to why should an investor want to own shares in ( or lenders lend to ) a low margin ( even after synergies) business in a badly regulated market without even the fall back of revenue from energy generation. The new company will be a bigger ( and highly scrutinised )example of the smaller new entrants none of which have performed well. Their business model doesn’t work! There is an unreconcilable disconnect between “Net co ( generators) and “serve co”. ( resellers ) where investment decisions are made in different time frames and pricing is determined by world energy markets. One of the better new entrants, First Utility,failed to attract investors into an IPO and was saved by its long standing credit underwriter, Shell, who acquired it to play in the retail sector.
tbr25
09/11/2018
17:45
The debt question is an interesting one. There is presumably some rule preventing lumping it all on to one side of the split .
wad collector
09/11/2018
15:10
Personally don't think the spit will generate much value as generation will attract closer political scrutiny and generation will have to sell at margins to suit the retail market Will be interesting is see which new company the board decides to dump SSE debt into. My bet is the retail side Vertical integration is a better option Similar to pubs and brewers!
muffinhead
Chat Pages: 116  115  114  113  112  111  110  109  108  107  106  105  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20181115 23:26:02