Sse Share Discussion Threads

[marktime1231] 29/9/2021 13:04

Or we may hear from SSE with a pre-close update! Earnings sound terrible.

Pacifico has two 500MW offshore wind farms in pre-construction development, Enshunada and Wakayama, not sure which SSE has taken an 80% stake in for $208M.

Japan has ambitious offshore wind power expansion plans eg +10GW by 2030, just like the UK and the US, including bottom-mounted and tethered floating schemes. A good market to invest in ahead of other western energy giants.

[otemple3] 28/9/2021 14:29

Never underestimate the level of stupidity in government.....

[bountyhunter] 28/9/2021 14:13

Neither do I, surely the government wouldn't be stupid enough to further tax a low carbon green energy company focused on renewables?! The danger for the Tories is that such a policy if applied at all would lose them votes as it would make them look like pursuing Jeremy Corbyn/John Mcdonnell policies the rejection of which by the electorate helped get them into power in the first place!

[marktime1231] 28/9/2021 14:09

Thanks, Questor I am holding but don't understand why the share price is 5% below the peak of two weeks ago, we are worth £16.85 whether or not Elliott Advisers want to agitate. Indeed we will have to wait for the mid-Nov interims to hear how much value SSE has been creating.

[jrphoenixw2] 28/9/2021 09:18

Telegraph - Questor column today.

'Questor: break-up or not, SSE can keep powering returns and offers a healthy yield

Questor share tip: pressure from an activist investor to split up the business proves the value of the energy provider


Low-carbon and renewable energy provider SSE is politely batting back press speculation about a break-up of the company that continues to bubble after stakebuilding by activist investor Elliott Management.

Shareholders will have to wait until November’s first-half results for further comment, but whether a break-up is on the cards or not, SSE still appears to offer the right combination of yield and potential for capital gain.

SSE’s sale of its retail energy supply business to Ovo for £500m last year looks shrewd considering the chaos in that market and August’s disposal of its one-third stake in gas distribution business SGN for £1.2bn fine-tuned the portfolio.

The FTSE 100 firm’s regulated power transmission and distribution operations and renewable energy generation assets, in the form of wind farms and hydroelectric plants, mean it is well positioned to help the UK in its drive towards a net-zero economy (and keep the lights on).

The utility’s plans to treble energy output from renewables by 2030 and invest heavily in smart energy grids may be catching Elliott’s eye, especially as SSE uses a partnership model when it develops assets.

This helps to de-risk the investment and potentially increase financial return, as could be seen with the sale of stakes in the Seagreen and Dogger Bank wind farms.

Whether Elliott is pressing for a renewables spin-off, and whether management accedes or not, will only become clear over time. But this debate highlights the value that SSE could offer and therefore the potential for further share price gains to supplement the 44pc rise already recorded since our initial analysis in October 2018.

In addition, the asset sales will keep down debt, funding both the required asset investment and supporting dividend payments.

SSE’s policy is to increase its payout in line with the Retail Price Index measure of inflation until 2023. We have already banked 258.5p in dividends to supplement the capital returns and a forecast yield that just exceeds 5pc should be more than enough to keep investors interested.

SSE looks more than capable of powering portfolio returns.
Questor says: hold
Ticker: SSE
Share price at close: £16.26

[skinny] 27/9/2021 13:18

Giant offshore wind farm in Forth would be UK's largest and could power all Scottish homes twice over.

[partenope] 25/9/2021 09:27

from last week's sunday times - Hedge fund Elliott blows the winds of change at SSE
Activist attack on SSE will set off alarm bells in Whitehall

[partenope] 24/9/2021 15:21

tempus (the times) has a buy rec on SSE

[gilesy911] 23/9/2021 17:34

Bought 600 just before the bell :)

[marktime1231] 23/9/2021 13:12

The splendid dividend landing today is what SSE is still all about for me.

I wonder how differently we would be viewing SSE if it was still embroiled in the problems of retail energy supply, capped prices, levies, fines for whatever, the customers of failed companies being passed on.

Do you think SSE is winning from the extreme rises in gas and wholesale energy prices, its mysterious Energy Portfolio Management trading and hedging division can make or lose significant sums.

[marktime1231] 20/9/2021 13:10

Well done SSE for confirming there has been speculation.

Actually a good rns, SSE is set for and going for aggressive renewables expansion, investing to create value. The massive capex heralded by 2026 presumably for the big Scottish offshore wind farm is it 4GW, and / or maybe it is finally going to do something with its hydro venture or battery storage.

Funding?

Doing so whether or not there is speculation or activisim, and considers any thoughts of breaking up the company are secondary to getting on with the plan. A comforting firmness in the share price on a bad markets day, because SSE is worth it.

Ruling nothing out, what did you expect them to say, so it won't stop those bent on speculation in the run to interims on 17 Nov.

[suetballs] 20/9/2021 12:29

Yep it's gonna come - just a question of time.
Suet

[bountyhunter] 20/9/2021 07:29

"There has been no decision to break up the SSE Group."

Yet?

Not quite the same as saying it's not being considered!

[bountyhunter] 19/9/2021 09:40

SSE should be making a lot of profit from these contracts given high market energy prices with no gas involved...

[bountyhunter] 19/9/2021 08:35

Disregarding Elliott for a moment with gas prices sky high could SSE have a competitive advantage this winter with it's move into renewables?

[bountyhunter] 18/9/2021 16:54

£500m suggested for the Elliott holding; interesting that makes sense as:

500m ÷17052m [SSE market cap]*100= 2.93%

so if that is the case no TR1 is necessary, yet!

Are Elliott relying on winning friends (other significant shareholders) and influencing people?

[gilesy911] 18/9/2021 14:11

Just received £10k from a will settlement Want to invest here but should I wait? Prospect of a rate rise next month due to inflation

[jrphoenixw2] 18/9/2021 13:47

Similar Elliott article in the Daily Telegraph last night. Specifically re: holding size it suggests: 'Elliott is understood to have amassed a stake worth more than £500m in SSE, making it a top five investor.' ... then describes re: objective to break up the company, then: 'It is understood that other institutional investors are broadly supportive of the plans.'

Looking at the way SSE closed out the week, I'm not sure the market is convinced...

[goldpiguk] 17/9/2021 22:52

Hi,

Interesting developments here.

Elliott holding is thought to be in the region of £500 million according to this article.




Goldpig

[paulo435] 17/9/2021 21:46

Exactamondo Bounty

[bountyhunter] 17/9/2021 21:26

Elliott clearly must have a holding considering the breadth of the media coverage, it's just a question of what size their holding may be imv.

Even if they hold less than 5% they may have talked to other significant shareholders and have them on board with their future aspirations.

I've not seen a TR1 but they could still hold 4.99% without declaring in theory...

In accordance with the Transparency Rules Directive “DTR”, a person must notify the issuer of the percentage of its voting rights he holds as shareholder or holds or is deemed to hold through his direct or indirect holding of financial instruments falling within

DTR 5.3.1R (1) (or a combination of such holdings) if the percentage of those voting rights:
reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK incorporated issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within;

[paulo435] 17/9/2021 21:21

Now in the Telegraph. PS I agree with you Marktime that we should expect facts and evidence to support stories ….especially from the broadsheets, but I guess they are putting their reputation on the line here and so sources have to be fairly reliable given the number that are now publishing this.

[skinny] 17/9/2021 15:53

SSE Bundles Two Projects in Scotland into One 4.1 GW Offshore Wind Farm.