Sse Share Discussion Threads

[wad collector] 09/11/2021 16:21

Looks like I should have taken my own advice and sold SSE during the big speeches then bought back when the flower sellers had gone home!
But here to stay ; can't think many better places to keep cash reasonably safely in the medium term.

[deanforester] 08/11/2021 18:50

Seems stuck down below. Presumably a filtered poster.

[bountyhunter] 01/11/2021 13:17

That could soon be superceded with a focus on renewables this week at COP26, SSE is doing very nicely today 🙂

[skinny] 01/11/2021 12:47

Post 3477 is obviously wrong - the ATH was 1,703. 19/02/2020 🙄

[skinny] 29/10/2021 08:30

A new ATH @1,679.50.

[bountyhunter] 28/10/2021 20:47

Been up here before, five times in fact, but I feel this time could be different!

[bountyhunter] 28/10/2021 19:45

heading for a new all time high, could be tomorrow and COP26 hasn't even started yet!

[marktime1231] 28/10/2021 11:48

OFGEM decides how much money SSE and NG can make on capital investments in regulated infrastructure. For example they used to allow 6% return but in the low interest climate sought and I think have succeeded in getting it cut to 4.5%. The companies take all the risk for installing grid cables etc but for very little profit. Lots of other elements to the formula, OFGEM has a history of cutting back what it allows beyond reasonable. NG, Centrica and SSE have had some success getting a better formula outcome on appeal in the past. This time it seems OFGEM has won most of the arguments. Which is a sort of own goal and OFGEM is annoying the government with its tight stance, because it will discourage the pace of investment required to deliver the green energy plan. No-one is happy apart from the self-styled "partners" at OFGEM who pay themselves 6 figure salaries while interfering.

[nerja] 28/10/2021 07:19

Ok got to ask, can anybody give me an explanation/guide to today’s RNS about the Cma double talk, this and NG must have had the same guy write the rns

[skinny] 28/10/2021 07:16

.

The CMA has today published a summary of its final determinations into SSEN Transmission's appeal against certain elements of Ofgem's RIIO-T2 price control settlement. The full final determinations and associated documents are expected to be provided to appellants and interveners later this week and then published by the CMA shortly thereafter.

SSEN Transmission welcomes that the CMA has upheld its appeals against the assumed 'Outperformance Wedge', and for changes to the Licence Modification Process.

However, SSEN Transmission is disappointed that the CMA has not upheld its appeals on the flawed Cost of Equity, or on changes to how Transmission Network Use of System Charges are recovered and the associated risk of under recovery this presents.

SSEN Transmission will continue to assess the full details of the CMA's final determinations as they become available and remains committed to work constructively with Ofgem and wider stakeholders as it continues to take forward ambitious plans to deliver a network for net zero.

[bountyhunter] 27/10/2021 14:34

one of the few rising today in a quiet market despite the (leaked) budget

[ltinvestor] 27/10/2021 09:55

5% yield, cop26 what’s not to like?I can see this company being included in many ESG funds…

[bountyhunter] 27/10/2021 09:09

COP26 may be just the beginning.

[wad collector] 26/10/2021 11:25

So sell on the peak of COP26 and then buy back when the flower sellers have all gone home and business as normal?

[bountyhunter] 23/10/2021 21:07

19 Oct 2021

Responding to the publication of UK Government’s Net Zero Strategy, Alistair Phillips-Davies, SSE Chief Executive, said:

"Delivering net zero will require huge investment in low-carbon technologies, and the way to bring that forward is to set a clear, long-term policy framework. So it is extremely helpful to see government today building out the key pillars of its approach as this gives low-carbon investors and developers like SSE confidence to keep investing on the required scale.

“The recent situation with energy markets underlines the need to invest in more indigenous clean energy sources, and critically the flexible solutions to back them up. The ambition has always been there and now we have a more detailed roadmap as we approach COP26. Next we need to get on and deliver; and we are looking forward to working with government to make the ambitions of net zero a reality."

ALISTAIR PHILLIPS-DAVIES, SSE CHIEF EXECUTIVE

[marktime1231] 23/10/2021 12:05

DB produced a series of hatefull Sell notes on SSE 3 to 5 years ago which dragged us down to £11, it could not see the benefit of sustained high income nor any prospects for the future. SSE share price plunged way below fair value. DB then did a gutless U-turn in late 2018 having achieved its deramp, saying that SSE was starting to look oversold. That DB has now fundamentally changed its view says more about the myopia of DB analysts than anything meaningful about SSE.

[skinny] 23/10/2021 10:42

19-Oct-21 Deutsche Bank Buy - - Reiteration

[bountyhunter] 22/10/2021 20:01

What's not to like about SSE - focused on renewables with COP26 coming up, Elliott making waves and a 5% yield to boot. There are not many companies like this around.
SSE are even promoting COP26 on the home page of their website!

[marktime1231] 20/10/2021 12:12

Not sure if this is renewed appreciation for SSEs own prospects, or a sectoral thing with punters going for energy stocks as an inflation hedge.

[bountyhunter] 20/10/2021 12:05

Looking good pre COP26 :)

[philanderer] 05/10/2021 00:15

Sharecast:

Analysts at RBC Capital Markets hiked their target price for shares of SSE from 1,800.0p to 1,900.0p on Monday, citing higher commodity prices.

Despite the recent sale of the power group's 33% stake in Scotia Gas Networks, RBC saw fit to raise its estimates for the company's earnings per share across the 2023-25 financial years by roughly 10-20%.

RBC said it saw a "robust" cashflow opportunity from higher power prices thanks to SSE's light hedging on renewable volumes.

Despite generous valuations attached to recent M&A in the sector, a "healthy and rising" power curve and interest from activist investor Elliott, the Canadian bank said SSE share prices performance had underwhelmed.

Even so, RBC remained bullish on the company's prospects and reiterated its 'outperform' rating on the stock.

"We believe investors may be holding out for the November strategy update getting comfort in the longer-term growth prospects and capital allocation decisions," said RBC.

"We regard both the renewables and networks business as attractive despite trading at significant peer discounts. Further, we see longer-term growth attractions for SSE internationally evidenced by the recently announced Japanese offshore wind JV with Pacifico Energy."


[...]

[smidge21] 01/10/2021 07:12

SocGen have taken a look at the flow impact from the changes that S&P are making to their global clean energy index this month. They expect sales of 0.5% of mkt cap (or three days average trading volume)