Sse Share Discussion Threads

[dave4545] 12/9/2018 08:19

I thought it had went x dividend when I saw the drop.

Have a lot of friends who work there down in Havant. They say the company is splitting into 2 divisions so not sure how this might work to a predator who might fancy their chances of getting this on the cheap with a cheeky bid ?

[trader2] 12/9/2018 08:13

SSE divi yield now 8.5%

[unastubbs] 12/9/2018 08:01

agreed - i'll be in thailand!

[veryniceperson] 12/9/2018 07:58

All thanks to the lovely hot summer. Here's to a cold winter!

[unastubbs] 12/9/2018 07:32

just hope this is not a "centrica moment" - i'll never forget 23 nov last year when i lost a packet on similarly dreadful news... squeeky bum time between now and 8 o'c

[unastubbs] 12/9/2018 07:30

looks bad - back under £12 is my guess for this today. CEO describing the financial performance in the first five months as "disappointing and regrettable" - i can think of other adjectives. keep on holding, never was a trading share. all the best fellows...

[veryniceperson] 12/9/2018 07:17

SSE PLC Trading StatementSource: UK Regulatory (RNS & others)TIDMSSERNS Number : 4794ASSE PLC12 September 2018SSE plcTRADING STATEMENTIn its Trading Statement on 19 July 2018 SSE plc stated that dry, still and warm weather in the financial year so far and persistently high gas prices had negatively impacted its adjusted operating profit in Q1 2018/19 by around GBP80m compared with plan. It also said that this would potentially impact on its full-year results, dependent on the range of factors that apply in its market-based businesses, in which it said Energy Portfolio Management is a major influence.First five monthsSSE has now completed its assessment of its financial performance in the first five months (to 31 August 2018) of the financial year and what it is expected to mean for its businesses for the remainder of the financial year.Relatively dry, still and warm weather has continued as have persistently high gas prices. This has continued to result in a higher cost of energy than expected, lower than expected output from renewable sources, lower volumes of energy being consumed and a negative impact in relation to Energy Portfolio Management.SSE's adjusted operating profit for the first five months of the financial year has therefore been negatively affected by around GBP190m compared with plan. The net impact of higher than expected gas prices and other commodity price changes has accounted for just under half of this; with the impact of the weather accounting for most of the remainder.Six months to 30 September 2018The net result is that SSE currently expects its adjusted operating profit for the six months to 30 September 2018 will be around half of that delivered in the same period in 2017.WholesaleAs a result of the factors set out above, and other factors set out in SSE's Preliminary Results Statement on 25 May 2018, SSE's results for the six months to 30 September 2018 are currently expected to show a significant reduction in adjusted operating profit in Generation and an adjusted operating loss of around GBP100m in Energy Portfolio Management. Although Gas Production is currently expected to show an increase in adjusted operating profit, SSE expects to report an adjusted operating loss across its Wholesale businesses.NetworksFinancial performance in SSE's Networks businesses is currently in line with plan, and they are on course to deliver a mid-single digit increase in adjusted operating profit for the first six months of the financial year, compared with the same period in 2017.RetailIn respect of its Retail businesses, SSE currently expects adjusted operating profit for the first six months of the financial year to be around break-even. Within this, SSE Energy Services is expected to incur an adjusted operating loss.Outlook for the year to 31 March 2019Ofgem's proposed default tariff cap, associated methodology and input data, if implemented on 1 January 2019, is expected to result in adjusted operating profit for SSE Energy Services in 2018/19 being significantly lower than SSE expected at the start of the financial year. Unlike other suppliers, SSE Energy Services has implemented only one increase in standard household energy prices in Great Britain in the course of 2018.Looking ahead, because it is the subject of the planned transaction with npower (which remains subject to necessary approvals) SSE Energy Services is likely to be deemed to be held for sale in SSE's financial statements. This means it will be excluded from the calculation of SSE's adjusted earnings per share for 2018/19.As set out in May 2018, adjusted operating profit for SSE's Networks businesses is expected to increase by a mid-single digit percentage for 2018/19 as a whole, mainly as a result of the phasing of income recovery in Electricity Transmission and a higher expected contribution from SGN.The performance of SSE's Wholesale businesses across 2018/19 as a whole will continue to be dependent on the range of factors set out most recently in SSE's Trading Statement on 19 July 2018. At this stage, Energy Portfolio Management is currently expected to incur an adjusted operating loss in excess of GBP300m for the financial year as a whole.Over time, SSE's Energy Portfolio Management strategy will evolve to reflect its asset base and operations following the planned SSE Energy Services transaction; and also over time, higher gas, carbon and power prices will support the value of SSE's assets.Dividend for 2018/19 and beyondSSE continues to expect 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.Alistair Phillips-Davies, Chief Executive of SSE, said:"Lower than expected output of renewable energy and higher than expected gas prices mean that SSE's financial performance in the first five months has been disappointing and regrettable."The underlying quality of SSE's businesses remains strong, with regulated networks and renewables providing the core of what will be an infrastructure-focused SSE group in the years ahead."This year's GBP1.7bn programme of capital investment, mainly in regulated networks and renewables, has continued to go well in recent months; and we are very pleased that the CMA's provisional findings in relation to the planned SSE Energy Services transaction means we are on course to reshape and renew the SSE group by the end of our financial year."Reshaping and renewing the SSE group will support the delivery of our five-year dividend plan in the years ahead

[garycook] 04/9/2018 12:08

SSE PLC (SSE.L)

Already an IG client? Log in to trade
SELL
1270.0
BUY
1270.5
8.5pts (0.67%)

High: 1271.0

Low: 1260.5
93% of client accounts are long on this market

[wad collector] 31/8/2018 10:12

Seems a reasonable assessment from the consumer point of view.

[bobby12340] 30/8/2018 17:23

Eventually people will realise the dividend on the old SSE is good-80p index linked-should give a share price of around £14-just below 6% yield

Then MERGCO will contribute something-who knows as yet but SSE retail was profitable, its Npower bit that needs turned around.

[wad collector] 30/8/2018 16:42

Good plan. Bring it out again in the New Year?

[whatsup32] 30/8/2018 14:36

Nothing seems to please the market today. Think I’ll bury my head in the sand

[wad collector] 30/8/2018 10:19

Has not been greeted with enthusiasm by market!

[eeza] 30/8/2018 07:32

RNS

Statement re CMA Provisional Findings

[coxsmn] 26/8/2018 11:13

One of the best divi's around.

[juliesmith2] 25/8/2018 11:26

Thankyou better than nothing

[glasgow13] 25/8/2018 01:01

also divi will be altered

[gateside] 24/8/2018 20:34

Yes... But the price of SSE and the new company will be altered accordingly. So don't expect the value of your holding to double!

[mjb2] 24/8/2018 20:19

juliesmith2 - For every share you hold in SSE you will receive one share in the newly created company. Hopefully!

[juliesmith2] 24/8/2018 20:13

Hi
Im not an expert on shares but i do have SSE shares. Am i corrrct in saying that how ever many shares i have with SSE that with the merger the number of shares i have will be doubled?

[juliesmith2] 24/8/2018 20:12

Hi
Im not an expert on shares but i do have SSE shares. Am i corrrct in saying that how ever many shares i have with SSE that with the merger the number of shares i have will be doubled?

[bountyhunter] 24/8/2018 17:10

Yes glasgow is right, that's exactly what's happened to me in comparable situations in the past.