Sse Share Discussion Threads

[patdavey] 28/6/2018 18:20

Thanks DeanForester ... pp. 75 to 77 (Unaudited pro forma income statement of MergeCo for the year ended 31 March 2018) anticipate a loss.

[deanforester] 28/6/2018 18:05

The Shareholder Circular is available on thed SSE web site, at

[patdavey] 28/6/2018 15:26

Time will tell bountyhunter; I would be surprised if a NEWCO dividend materialised.

[bountyhunter] 28/6/2018 14:17

economy of scale when OLDCO includes demerged business from SSE?

[patdavey] 28/6/2018 13:00

How can you expect a dividend from NEWCO if nPower + OLDCO is loss-making up to March 2018?

[skinny] 28/6/2018 12:29

Oh - I misunderstood.

[bobby12340] 28/6/2018 12:26

Circular advises 1 share in original SSE and 1 share in NEWCO.
Original SSE will pay 80p dividend index linked for 5 years-implies share price of £14.50 at 5.5% yield.

Plus NEWCO 1 share,the retail arm contributed about 20% of SSE profits, if it pays 16p/share to reflect the OLDCO 96p dividend this year then that implies a share price of around £4.00.

So we could end up with shares in 2 companies valued £18.50 compared with current price of £13.50.

[enami] 28/6/2018 12:21

Skinny yes I saw that but the website gives a link to Morningstar - "which can be accessed at:

Finding the actual circular on Morninstar was difficult I found.

[skinny] 28/6/2018 12:14

Its on the website -

[enami] 28/6/2018 12:09

Dificult to find the circular. This is the link from Morningstar

[deanforester] 28/6/2018 11:45

I have just had a look at the shareholders' circular, and the Proforma Accounts on pages 75-77 indicate that for the 12 months to 31 March 2018, Mergeco would have been loss-making, entirely down to npower.

DF

[whatsup32] 28/6/2018 10:35

Small change eeza. Also worked in conjunction with Ofgem. This share should really be motoring coming up to x div . CNA seems to be going in the right direction

[whatsup32] 26/6/2018 22:17

Energy stocks up state side. Hopefully we get a nice bounce here tomorrow

[bountyhunter] 24/6/2018 12:25

Cheers jr, certainly worth a read; I agree it looks positive for the merger.

[jrphoenixw2] 24/6/2018 09:43

I just read that too Whatsup, agreed, looks good.

[bountyhunter] 23/6/2018 18:48

Thanks sarkasm, political risk seems a bit lower right now...

"The Labour Party has already stated that it plans to nationalise a number of different industries should it win the next election. While the 2017 election resulted in a hung parliament, the chances of a Labour win next time around seem unlikely at the moment. Polls since the start of April suggest they would fail to gain a majority if an election is held in the near future."

[whatsup32] 23/6/2018 18:38

Excellent news for Monday.
Telegraph reports
SSE and Npower merger won’t stop customers switching says watchdog.

Citizens advice bureau says competition will reduce to five but that won’t prevent customers switching

Sounds like merger may get approval IMO

[whatsup32] 21/6/2018 15:54

Sarcasm. Good read thanks

[whatsup32] 21/6/2018 11:57

RBC Capital Markets downgrades SSE to sector perform with TP 1350. Explains why it finished down late yesterday

[bobby12340] 21/6/2018 11:30

The retail side which is being demerged contributed about 15-20% of profits but 99% of negative publicity-no wonder they are getting rid of it.

THe 80p dividend remaining fits in with the demerger figures-if the new retail company can pay around 16p per share we should all be back where we started.

However the remaining SSE will be a much stronger renewable energy company also owning thermal power stations and 3 distribution/transmission network licence areas(SHEPD/SEPD/SHETL)regulated by Ofgem

[bobby12340] 21/6/2018 11:29

The retail side which is being demerged contributed about 15-20% of profits but 99% of negative publicity-no wonder they are getting rid of it.

THe 80p dividend remaining fits in with the demerger figures-if the new retail company can pay around 16p per share we should all be back where we started.

However the remaining SSE will be a much stronger renewable energy company also owning thermal power stations and 3 distribution/transmission network licence areas(SHEPD/SEPD/SHETL)regulated by Ofgem

[whatsup32] 20/6/2018 17:18

Patdavey
Fool.co is a site that likes to attract attention. Don’t waste your time reading it. IMO.
Another miserable day for SSE in another wise good day for utilities

[patdavey] 20/6/2018 10:40

fool.co.uk/investing/2018/06/20/is-sse-plc-a-high-yield-dividend-star-or-a-dangerous-dog-of-the-ftse-100/