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SSE Sse Plc

1,650.00
-8.00 (-0.48%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc 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
  -8.00 -0.48% 1,650.00 1,650.50 1,651.50 1,670.50 1,637.50 1,668.00 2,306,176 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 12.49B -60.6M -0.0555 -297.39 18.04B
Sse Plc is listed in the Electric Services sector of the London Stock Exchange with ticker SSE. The last closing price for Sse was 1,658p. Over the last year, Sse shares have traded in a share price range of 1,485.00p to 1,932.50p.

Sse currently has 1,092,810,990 shares in issue. The market capitalisation of Sse is £18.04 billion. Sse has a price to earnings ratio (PE ratio) of -297.39.

Sse Share Discussion Threads

Showing 3326 to 3349 of 4425 messages
Chat Pages: Latest  141  140  139  138  137  136  135  134  133  132  131  130  Older
DateSubjectAuthorDiscuss
17/6/2020
06:25
also NG & SVT good solid companies with decent divis, imho :)
bountyhunter
17/6/2020
06:15
It certainly does - especially in these strange times!
skinny
17/6/2020
06:14
XFD 23 July 2020 56p
Payment 18 September 2020

bountyhunter
17/6/2020
06:09
Snap, a sustained Divi is the important bit for me!

RPI + 1.5% beats my bank account! 🙂

bountyhunter
17/6/2020
06:08
Dividend for 2019/20

-- Final dividend of 56p per share recommended for payment on 18 September 2020, making a full year dividend of 80p per share in line with five-year 2018/19 to 2022/23 dividend plan

bountyhunter
17/6/2020
06:03
.

Results for 2019/20*

· Adjusted operating profit up 37% to £1,488.4m

o Despite negative coronavirus impact of £18.2m related to electricity demand#

· Reported operating profit down 40% to £963.4m

· Adjusted profit before tax up 49% to £1,023.4m

· Reported profit before tax down 55% to £587.6m

· Adjusted earnings per share up 35% to 83.6p, within forecast 83p-88p range

· Reported earnings per share down 67% to 40.6p

· Net exceptional charge of £738.7m before tax:

o £529.0m on discontinued operations; and

o £209.7m on continuing operations (incl. £33.7m relating to coronavirus impacts on bad debts#)

· Capital and investment expenditure down 5% to £1,357.4m

· Adjusted net debt and hybrid capital at £10.5bn, in line with forecast

· £7.7bn total contribution to UK GDP; 83,040 UK jobs supported; €650m total contribution to Ireland GDP; 3,740 Irish jobs supported.

#Total coronavirus impacts of £51.9m

*Unless otherwise stated, excludes results from discontinuing operations: SSE Energy Services sold in January 2020 and Gas Production assets held for sale

Dividend for 2019/20

· Final dividend of 56p per share recommended for payment on 18 September 2020, making a full year dividend of 80p per share in line with five-year 2018/19 to 2022/23 dividend plan
Outlook for 2020/21 and beyond

· Coronavirus impacts on operating profit estimated between £150m and £250m before mitigation

o Guidance on adjusted earnings per share to be provided later in financial year

· Comprehensive plan to sustain dividends and create value

o Maintaining good liquidity and effective financial management

o Reducing planned cash outflow (mainly capex) by at least £250m in 2020/21

o Securing value from disposals of at least £2bn by autumn 2021

· Plan to invest capital and investment of around £7.5bn net in five years to 2024/25, focused on core strategic decarbonisation projects

o Includes planned investment in 443MW Viking onshore wind farm - see separate announcement.

· New target to cut carbon intensity of electricity generation by 60% by 2030#

· Targeting net debt/EBITDA ratio at lower end of 4.5 to 5 times range between 2021/22 and 2024/25

· Target to maintain credit rating ratios comfortably above those required for investment grade

#Based on 2018 levels; previous target 50%. See sse.com for details

Dividend for 2020/21

· Continuing to target delivery of the five-year 2018/19 to 2022/23 dividend plan

*Based on estimated RPI of 1.5%

more.....

skinny
03/6/2020
16:00
Total to Buy 51% Stake in Offshore Wind Project in Scotland
Print
Alert

By Jessica Sier


Total SA said Wednesday that it will buy a 51% stake in SSE Renewables offshore wind-farm project for a total of 130 million pounds ($162.9 million).

The French multinational said it will pay GBP70 million up front at the closing of the deal, and then earn-outs of GBP60 million subject to performance. It added that it has secured close to 70% of external financing for its 51% stake.

The 1,140 megawatts wind-farm project, known as Seagreen1, aims to cover the energy needs of 1 million homes. Once completed, it will be Scotland's largest offshore wind-farm project, attracting global investment worth around $3.7 billion, Total said.

"Total builds up a strong position in the world's largest offshore wind market, as it becomes a majority stakeholder in the Seagreen 1 project, one of the largest offshore wind farms in the U.K. North Sea," Total Chairman and Chief Executive Patrick Pouyanne said.

Total's investment will unlock GBP3 billion of low carbon investment and aid the U.K.'s green recovery from coronavirus, SSE Renewables Chief Executive Alistair Phillips-Davies.



Write to Jessica Sier at jessica.sier@wsj.com



(END) Dow Jones Newswires

June 03, 2020 11:26 ET (15:26 GMT)

waldron
22/5/2020
11:28
Personally I'm not bothered what they do to the dividend; whatever is lost in income will be found in the capital. Pension funds won't like it and nor will anyone living on the yield , but that is the new normal this year.
wad collector
22/5/2020
07:55
I'm only just getting into defensive stocks, but because of a snarl up moving brokers I wasn't able to buy these yesterday... luckily. The dividend cannot be held as it is, whilst they have debt.Industries unaffected, BT, are stopping dividends to invest in infra, whilst not being wrung by the investors. This won't last forever, so I don't think they'll hold back the divi for infra, but to reduce debts.I expect the divi to half.
geardown107
20/5/2020
14:00
With the coronavirus outbreak still causing uncertainty in the market, now could be an excellent time to buy defensive shares.

The market is likely to remain turbulent for some time. Financial analysts are still trying to determine the impact that the virus will have on the global economy. With more uncertainty on the horizon, I think buying defensive stocks could be a great strategy to weather the storm.

Defensive dividend share Unlike other FTSE 100 businesses, energy company SSE (LSE: LON:SSE) is committed to its dividend. In a recent trading update, SSE announced its board would be recommending a full-year dividend of 80p per share.

If the business maintains its dividend, I believe income investors who might be considering selling their positions in Shell (LON:RDSa) or BT could seek out SSE shares.

The business acknowledges that there is a possibility that the economic fallout of the coronavirus outbreak may harm its results. It is a situation that the company is monitoring closely, but “has not so far had any material impact on SSE’s financial results for 2019/20”. As a clean infrastructure business, SSE might avoid the worst of the economic damage caused by the virus, unlike other industries.

As the demand for cleaner energy increases, I would expect this to have a positive impact on SSE’s revenue growth and profitability over the long term. This outlook will please buyers of defensive shares and growth investors alike.

SSE shares are currently trading with a prospective dividend yield of 7.5%. The business hopes to increase its dividend payments in the coming years to at least the rate of inflation. With SSE’s generous dividend and defensive nature, this could be a great share to buy and hold.

British American Tobacco (LON:BATS) Tobacco stocks have been out of favour with investors for some time, due to overall consumption declining in many places around the world. Of course, the volume of cigarettes sold will probably continue to decline in the future. So far, tobacco companies have managed this reduction in volume by increasing prices.

However, in a recent update, British American Tobacco (LSE: BATS) said it had a strong start to the year, with volumes increasing by 0.4%. Despite the ongoing uncertainties surrounding the impact of coronavirus, the company is committed to its high single figure earnings growth target for 2020. This will please buyers of defensive shares, who are on the lookout for stable earnings in times of economic uncertainty.

Despite this, its share price is down by 6% in the year-to-date. Consequently, the shares have a price-to-earnings ratio of 10.

In the future, BATs plans to increase margins further and to convert 90% of adjusted profit into operating cash flow. The group is conscious that customers will move away from cigarette products. It has an ambitious aim of reaching £5bn of revenue in its alternative tobacco and nicotine products.

With the slump in its share price and defensive qualities, now could be a great time to invest in the company.

The post Defensive shares: I’d consider investing in these 2 FTSE 100 stocks appeared first on The Motley Fool UK.

T Sligo has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Motley Fool UK 2020

First published on The Motley Fool

indianspan
20/5/2020
04:39
"Power suppliers in talks with Ofgem over network payments holiday" - google that and it takes you to the FT. (pasting articles from the FT seems not be permitted). story is dated today...
unastubbs
19/5/2020
21:19
Today was just a broker downgrade
chris79
19/5/2020
17:44
this article explains today's 5% fall as being due to OVO making plans to sack over 2000 employees. I don't see how this affects SSE given that they do not have a corresponding business having sold their retail unit to OVO recently. could anyone enlighten me as to what the connection might be?



"Energy firms Centrica PLC (LON:CNA) and SSE PLC (LON:SSE) were both down 5%, to 37.35p and 1,224.5p respectively, after private peer Ovo Energy announced job cuts."

i note that UBS while retaining their neutral stance in a note out today, did lower the target to 12.50 from 14.50. can that be responsible for the big fall?

unastubbs
05/5/2020
08:47
Twelve pound seems good support for the moment
2bluelynn
07/4/2020
22:53
Should have waited for sub 10
pander45
03/4/2020
11:10
Had a nibble @ 11 quid.
gymratt
27/3/2020
14:52
FWIW if you see a big swing like this morning often the first place to check is above in the Investor Timetable. If not there then check the News headlines box just below the chart above. If not I just google for say that days 'SSE news' => Quicker than asking a Q here and waiting for someone who might have an accurate answer.
---------------------------------------------------------

Excerpt from this morning's 'Update before end of financial year / Company news 27/03/2020'

2019/20
SSE expects that its adjusted earnings per share will be at the lower end of the expected 83p to 88p range indicated in January 2020; this is before any Covid-19-impacts that may become apparent and need to be reflected in the financial statements for the year.

The Covid-19 outbreak started in the UK and Ireland late in SSE’s financial year and the wider economic impact of it in the UK and Ireland has not so far had any material impact on SSE’s financial results for 2019/20; and so the Board still intends to recommend a full-year dividend of 80 pence per share for 2019/20.

It will, however, continue to monitor the impact of Covid-19 on the wider economy and SSE. If the economic impact results in significant adverse effects on SSE’s businesses, the Board’s responses may include reconsidering the timing of dividend payments, should it be in the long-term interests of the company.

In terms of liquidity, SSE has £1.5bn of committed bank facilities comprising: a £200m bilateral facility with Bank of China maturing in October 2024; and the £1.3bn Revolving Credit Facility, for which SSE recently exercised an option to extend for one year, taking the maturity to March 2025. Of these facilities, £75m is currently drawn. To cover debt maturities later in the year, SSE will continue to monitor closely capital markets and look to issue new debt when appropriate.

See additional notes below for further commentary on 2019/20.

jrphoenixw2
27/3/2020
08:58
But down over 7,5%.Criminal.MM,s need locking up !
garycook
27/3/2020
07:14
80p full year dividend to be maintained
bountyhunter
22/3/2020
20:00
Govt intervention to protect potentially vulnerable / non-paying customers could be something to be careful about. And other such things.
nicedude1976
19/3/2020
17:29
Thanks Gateside, I was being lazy and trying to buy in below £11.00 I was too slow and missed it, let's see what tomorrow brings.
sllab101
19/3/2020
16:20
Went ex-dividend back on 16th January.
gateside
19/3/2020
15:55
Wonder if it's today as it's not bouncing with the rest of the meerkat
basem1
19/3/2020
15:37
Hi, can anyone tell me when exdiv is please.
sllab101
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