Sse Share Discussion Threads

[skinny] 22/11/2024 12:27

I did trade them in the early 2000s but the records are lost in the mist of time 🙄

[bountyhunter] 22/11/2024 12:21

20 years for me, since I started this thread!

[garycook] 22/11/2024 12:11

Me 11 years.!st Purchased @ 1364.41p,on 26/11/2013

[skinny] 22/11/2024 11:43

And mine after 14 years.

[garycook] 22/11/2024 11:20

Skinny,Would take 2150p. HSBC can have mine !

[skinny] 22/11/2024 11:16

FWIW and posted with a wry smile :-

HSBC cuts SSE price target to 2,150 (2,200) pence - 'buy'

[bountyhunter] 13/11/2024 12:42

Typo corrected (I blame Specsavers!) and header financial calendar updated.

[18bt] 13/11/2024 09:38

Suspect the shares would have been a bit higher had A P-D not retiring. Widely seen to have done a good job especially compared to the sector “leaders”;

[skinny] 13/11/2024 08:19

I missed this earlier :-

[garycook] 13/11/2024 07:57

The Interim Dividend is 21.2p,and not 31.2p.Typing error by you Bountyhunter !

[bountyhunter] 13/11/2024 07:54

Results inline.

Interim dividend 21.2p up 6%.

Investor Timetable
Interim ex-dividend date

2 January 2025

Record date

3 January 2025

Scrip reference pricing days

2-8 January 2025

Scrip reference price confirmed and released via RNS

9 January 2025

Q3 Trading Statement

Around 31 January 2025

Final date for receipt of scrip elections

31 January 2025

Interim dividend payment date

27 February 2025

Notification of Closed Period

Around 31 March 2025

Preliminary results for the year ended 31 March 2025

21 May 2025

[jrphoenixw2] 08/11/2024 18:22

SSE (SSE.L) – Reports first-half results on Wednesday 13 November

SSE is set to report its first-half results on Wednesday and the timing of this update is particularly significant for several reasons, according to AJ Bell.

Firstly, utilities — a sector long in the crosshairs of both regulators and the public — have largely avoided the windfall taxes that have affected other industries. In the UK’s first budget under the new government, utilities were spared any new levies, a development that could impact both investor sentiment and long-term strategic planning within the sector.

Secondly, the sector remains under intense public and regulatory scrutiny. Consumers continue to feel the pressure from rising energy bills, exacerbated by inflation, while utility companies are expected to ramp up their environmental and investment commitments

Thirdly, Ofwat’s AMP8 regulatory determination for water companies is due in December, with potential ramifications for utilities across the board, including SSE, which is involved in energy distribution and could see its operational models affected by broader regulatory changes in the sector.

Lastly, interest rate cuts from the Bank of England, could make the dividend yields from utility stocks like SSE more attractive relative to cash, potentially boosting demand for shares in the sector, which traditionally offers stable returns.

“SSE’s shares are up by just under 10% in the past year and not far from their all-time highs. The company is a broad-ranging power play, as it generates electricity from gas-fired power stations, on and offshore wind farms and hydroelectric plants, and it also provides and runs electricity transmission and distribution networks,” Mould, Hewson and Coatsworth, said.

For SSE’s upcoming first-half results, two figures will likely grip the attention of investors, according to AJ Bell:

Adjusted earnings per share (EPS): SSE has set a target of 13% to 16% compound annual growth between 2022 and 2027, with EPS expected to grow from 158.5p in the year to March 2024 to between 175p and 200p by 2027. However, analysts are forecasting a more modest growth rate for this year, with the benchmark for the first-half result being last year’s adjusted EPS of 37p.

Dividend: SSE reduced its dividend in 2024 to 60p per share to fund its renewable energy transition. Looking ahead, the company plans to increase the dividend by 5% to 10% annually through 2027, with the first-half dividend payment last year standing at 20p. Investors will be keen to see whether the company can maintain its dividend growth trajectory while continuing to invest in its Net Zero ambitions.

[kenbos] 08/11/2024 17:28

I am thinking the same as they are quite well into the wind farms

[bountyhunter] 08/11/2024 08:10

No idea this time round, share price movement recently hasn't been good but you would think the political environment would be encouraging to green energy which might help the outlook.

[kenbos] 08/11/2024 08:09

What is your view on them ?

[bountyhunter] 08/11/2024 08:07

Interims next week - as in the header.

[kenbos] 08/11/2024 08:00

I am hoping for the 16.00 mark to buy in but that's being hopeful

[wad collector] 07/11/2024 13:56

Bought back at 1708 some I dumped pre-election. My fears of Labour renationalising were probably outdated ; I don't think they can risk scaring off renewable energy investment.
Mind you , SSE is no longer the rock solid 5.5% yielding Blue chip that it was for two decades, even in today's higher inflation environment.

[jrphoenixw2] 06/11/2024 16:39

Edit/correct: SSE 1/2yr earnings due 13-Nov.

[skinny] 22/10/2024 12:19

FWIW :- Berenberg raises SSE price target to 2,300 (2,100) pence - 'buy

[skinny] 21/10/2024 09:48

FWIW :- JPMorgan raises SSE price target to 2,100 (2,075) pence - 'overweight'