Sse Share Discussion Threads

[bountyhunter] 31/1/2020 07:36

SSE remains committed to its dividend plan for the five years to March 2023 and, in line with that, expects to recommend a FY2019/20 dividend of 80p per share.

[wad collector] 30/1/2020 13:02

Ofgem is set to flex its muscles; from today's statement from NAO;


The National Audit Office accuses Ofgem of being too fearful, when setting the controls, that the companies might fail and have to be rescued.

As a result, the NAO said, energy network investors have seen returns of 9%, compared with between 5% and 6% at other UK companies.

Ofgem has already indicated it will clamp down on generous investor returns as it plans for RIIO-2, the next round of price controls.

[wendsworth] 28/1/2020 21:04

Any views as to the Trading update on 31/01?

[bountyhunter] 22/1/2020 19:57

SSE had the most post election catching up to do (vs NG at least) - see the header chart.
Happy to hold this and NG.

[roby37] 22/1/2020 19:49

bluemango & Losos
Not unsympathetic to either of your views. I feel that removal of the political threat has been priced in and not much reason for a higher valuation. There was an 80p "index linked" dividend in 2012 with a much lower share price. I'll buy if there is a significant fall.

[losos] 22/1/2020 15:20

contango1 - I'm a long term holder as well, I top sliced about 6 months ago (taking a bit of a hit) but now in the black, my holding is just about where I want it to be in the overall portfolio so I'll hold and take the divi when it comes around :-)

[rogerrail] 22/1/2020 14:34

SSE no longer in retail, yeild is better than TRIG and UKW and I daresay it has better assets.

[bluemango] 22/1/2020 11:44

Commitment to 80p dividend until 2023, yield 5.34% (still generous in today's market, even after the recent good run for SSE's sp), and Labour's nationalisation threat dealt with (at least for next 5 years).

Happy to hold. There are other high-yielding stocks out there, but balance of risk/reward always to be taken into account.

[contango1] 22/1/2020 09:57

Well as a long term holder I sold out this morning at 1504 + forthcoming 24p dividend. 5.3% yield on 80p dividend seems barely sufficient for what amounts to a fixed interest, index linked, Ordinary share.

[jrphoenixw2] 19/1/2020 10:23

That was some week 1425p > 1495, plus the X/D of 24p = 6.6%/Week.

[wad collector] 16/1/2020 09:35

Well it did reach my £15 target yesterday , albeit for about 5 trades!

[bountyhunter] 16/1/2020 09:32

good point, I misread my own header!

[notagain3] 16/1/2020 09:28

I think you mean 24p, 29.3p was from 2018.

[bountyhunter] 16/1/2020 09:08

yes 24p (corrected!)

that came round quickly!

[tvchimp2] 16/1/2020 08:19

EX Div today

[bobby12340] 15/1/2020 18:42

Retail side 5% of profit
95% of hassle
Good riddance
From an employee

[bountyhunter] 15/1/2020 13:45

a renewables focus too, maybe they could do with a rebranding

[wad collector] 15/1/2020 12:41

I like the move away from the retail business ; it has led to a lot of bad publicity and the erosion of profitability over last few yrs good for customers but not shareholders. As long as £500M was a fair price.
Concentrating on supply and distribution looks a better idea , the future of energy supply must be electrical and will clearly receive funding boosts over the next decades.

[bountyhunter] 15/1/2020 07:20

Debt to be reduced from sale to OVO...

SSE PLC TO COMPLETE SALE OF SSE ENERGY SERVICES TO OVO ENERGY

15 January 2020

SSE plc is today completing the sale of SSE Energy Services Group Limited, its household energy and services business in GB, to OVO Energy Limited for an enterprise value of GBP500m (the "Transaction").

The net proceeds of the Transaction will be used to reduce SSE's net debt (see Transaction Details below).

In the period since SSE and OVO agreed the sale in September 2019, the necessary regulatory approvals have been secured and joint integration planning has been undertaken to ensure a smooth transition for customers and employees.

Completion of the Transaction enables SSE to strengthen its focus on delivering the low-carbon infrastructure needed to help the UK reach net zero emissions.

Alistair Phillips-Davies, Chief Executive of SSE plc, said:

"We are very pleased to be completing this transaction, which we firmly believe is the best outcome for the business, its customers and its employees.

"The sale is in line with our clear strategy, centred on developing, operating and owning renewable energy and electricity network assets, along with growing businesses complementary to this core. SSE enters the new decade as a more focused group, even better positioned to lead the low carbon transformation required to achieve the UK's vital net zero commitment in the years to come."

Stephen Fitzpatrick, CEO and Founder of OVO, said:

"Today is an exciting day. It marks the end of one chapter for OVO but, more importantly, the beginning of the next one together with the SSE Energy Services business. We started OVO with a bold ambition to do better for customers and have stayed true to that vision ever since.

"SSE's history of excellence at scale combined with OVO's innovative technology and our Plan Zero commitments mean that together, as one team, we can bring millions more people with us on our journey towards zero carbon living."

TRANSACTION DETAILS


-- The net cash proceeds of the Transaction will be used to reduce SSE's net debt.
-- SSE Energy Services will be sold for an enterprise value of GBP500m comprising GBP400m in cash and GBP100m in loan notes.

[wad collector] 13/1/2020 13:04

I see Goldman Sachs trying to start a bid rumour here , but at same time reducing their rating. Almost as if they don't know.

[wad collector] 02/1/2020 10:33

Thank you bountyhunter.

[marcus wanky] 01/1/2020 19:32

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