Sse Share Discussion Threads

[rethemagic] 25/2/2022 10:35

Thanks for your reply.

[smidge21] 25/2/2022 10:34

Look at likes of Orsted, all up as non-gas electricity generation gets an obvious boost. We need more windmills

[bountyhunter] 25/2/2022 10:31

It would be nice if a company such as BP were on the aquisition trail but that's just a shot in the dark. Something should come to light sooner rather than later I would have thought.

[bountyhunter] 25/2/2022 10:30

Something must be going on - renewable energy forward prices must be going up strongly but is there more to it?

[rethemagic] 25/2/2022 10:20

Big leap up this morning.Anyone with any ideas?

[bobby12340] 18/2/2022 09:47

National Grid quoted an overall figure of £375m for this auction.
SSE got around 40% of the figure.Say £150m- the question was this already factored into their full year forecast or is this additional income of £150m.

[bobby12340] 17/2/2022 14:04

The results of yesterdays auction gave SSE 2,293MW of their gas fired units at £75 per kW.

Do the sums when they all run that is £172,000 per hour run.

Or if they run for 12 hours £2,064,000 -I don't know what the annual hours run is normal but there is huge potential in these figures

[marktime1231] 11/2/2022 12:51

An unknown land developer ILI Group proposing a new 1.5GW pumped hydro project at Loch Awe in Dalmally, Scotland as an obviously good way of capturing intermittent energy generated as the offshore wind programme expands. ILI Group has two smaller pumped hydro projects in Scotland at a more advanced stage of "planning".

With thanks to Energy Storage News ...



The Loch Awe project at the intial stages of planning so 10 years away. SSEs Coire Glas project slightly more advanced, after 10 years of "planning" already. Come on SSE this was a no brainer several years ago get on with it. And if you can come up with a name like Loch Awe how can it not be a winner?

And / or why not acquire ILI Group's development rights, before someone else does.

[mister md] 08/2/2022 15:44

The dividend cut was already priced in I think at the interims. 'The energy company expects to sell a 25% stake of both its transmission and distribution grid assets, confirming an earlier Bloomberg report. The sale, combined with a 40% dividend cut from 2024, will fund a 12.5 billion-pound ($17 billion) increase in spending for net-zero infrastructure over the next five years.' (Source: Bloomberg Nov'21)

[bountyhunter] 08/2/2022 12:41

Yes agreed but no consolidation has been mentioned to date to the best of my knowledge.

[skinny] 08/2/2022 10:15

That would make sense.

[pierre oreilly] 08/2/2022 10:10

Disposal of scotia gas stake. Maybe get a cash return and consolidation from that.

[pierre oreilly] 08/2/2022 10:07

Istr there's some corporate actions making the divi rebase sensible ... is there a consolidation too, keeping the yield the same?

[mister md] 08/2/2022 08:33

Shame about the dividend 'rebase to 60p in 2023/24' though. SSE will no longer be one of the top yielders, especially if the shareprice has increased further by then.

[redartbmud] 08/2/2022 07:58

"Where ere you be, let your wind blow free, for it is the wind, that killeth thee."

[nw99] 08/2/2022 07:46

Good numbers

[bountyhunter] 08/2/2022 07:32

This is a big positive...

SSE is upgrading its expectations for full-year 2021/22 adjusted earnings per share to at least 90 pence from at least 83 pence.

Re reduced wind output there's no surprise there as it's already known that there has been less wind during the trading period. SSE thermal financial performance for the year is "expected to be ahead of plan".

[nerja] 08/2/2022 07:08

Might be me , but the output figures don’t look pretty.

[skinny] 08/2/2022 07:06

.

-- Upgrading 2021/22 adjusted earnings per share to at least 90 pence
-- Reporting early progress with SSE's Net Zero Acceleration Programme
-- Announcing a refreshed set of net zero-linked business goals for 2030
This Trading Statement upgrades SSE's financial outlook for the 2021/22 financial year and sets out the Group's key strategic developments and operational performance in the quarter ended 31 December 2021.

Financial outlook

SSE is upgrading its expectations for full-year 2021/22 adjusted earnings per share to at least 90 pence from at least 83 pence. This reflects the strength and stability provided by SSE's balanced mix of regulated and market facing businesses, including good financial performance from flexible thermal and hydro plant which is more than offsetting lower than planned renewables output.

SSE intends to recommend a full-year dividend of 81p per share plus RPI for 2021/22 and continues to target an RPI linked dividend in 2022/23, followed by a rebase to 60p in 2023/24 and at least 5% increases in 2024/25 and 2025/26.

SSE remains on track to report full year 2021/22 capex in excess of GBP2bn. Net debt is expected to be around GBP9bn at 31 March 2022, assuming the proceeds from the disposal of SSE's 33.3% stake in SGN are received prior to the year-end.


more.....

[williamcooper104] 01/2/2022 12:38

Check out the yield on NEE (a US utility that's transformed/transforming into a renewables developer/operator) That'll be what's driving Elliot's spreadsheets

[wad collector] 01/2/2022 12:32

Not if you value it as a Tech stock rather than a Utility.

[db125] 26/1/2022 18:21

At 1825p and a dividend of 60p in 2023 a yield of 3.3% seems a tad optimistic for SSE!

[coxsmn] 25/1/2022 18:36

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RBC RAISES SSE PRICE TARGET TO 1,825 (1,800) PENCE - 'SECTOR PERFORM'

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[wad collector] 17/1/2022 14:53

Whether "winning" an auction is a success, or not, rather depends on the price paid!
Winning the contracts to build our Nuclear Power stations may not have been a great success, if you ask Centrica.
But good not to be overtaken by the rivals , and continue the offshore expansion as there is a lot of cash heading this way. Hopefully a £25 bid will take this out of our hands now anyway... ( I just made up that number)

[bountyhunter] 17/1/2022 10:50

Yes that's good news and good to hear that SSE are investing further in renewables as promised...

SSE PLC SSE success in ScotWind leasing round
17/01/2022 10:11am
UK Regulatory (RNS & others)

Sse (LSE:SSE)
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Monday 17 January 2022

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RNS Number : 6602Y

SSE PLC

17 January 2022

SSE bolsters renewables pipeline with success in ScotWind seabed leasing auction

SSE Renewables and its ScotWind partners Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP), through one of its funds, have been notified by Crown Estate Scotland that they have been successful in the ScotWind auction for new offshore wind leases in Scotland.

The partnership has been awarded the rights for 858 square kilometres of seabed to develop an offshore wind project of up to 2.6GW of capacity in the E1 area off the east coast of Scotland. SSE owns a 40% share of the development rights with Marubeni and CIP each owning 30%.