Sse Share Discussion Threads

[bountyhunter] 25/5/2022 06:21

They are probably doing a last minute update to the risks section!

[skinny] 25/5/2022 06:16

Previous preliminary results RNS have always been @7am!

[williamcooper104] 25/5/2022 01:12

Times also reporting that a tax on electricity providers too complicated and unlikely to be introduced So I guess that's a gap open tomorrow

[bountyhunter] 24/5/2022 21:13

Well spotted...

"I understand the Treasury has ruled out broadening the windfall tax to the surplus profits of those generating electricity from wind farms or nuclear plants."
With that and the upturn in NY since the LSE close we should see a strong recovery for SSE tomorrow.

[spawny100] 24/5/2022 21:02

Fwiw according to Peston in this article a Windfall tax on electricity producers using wind has been ruled out.

[bountyhunter] 24/5/2022 17:33

gone short have you?

[medieval blacksmith] 24/5/2022 13:29

I wouldn't buy in folks - if you are planning on doing - until we get to hear what the plans are. Let it all sink in for a few days, yeah.

[tresham] 24/5/2022 12:52

I agree with you jrphoenix. I despair at the government too. With regard to the SSE dividend: it is set to go up by inflation so any further tax means they have less capital to invest in sustainable energy. So stupid and unfair.

[jrphoenixw2] 24/5/2022 12:34

Or maybe #11 knew the below Ofgem were going to be publishing the below today...

DT: 'Ofgem has warned that the energy price cap will surge to £2,800 in October, piling even more pressure on already-strained household budgets.

The energy regulator said it expects the cap to rise 42pc from its current level of £1,971. That’s after a 54pc increase in April and up from £1,277 in October 2021.

Jonathan Brearley, chief executive of Ofgem, told MPs on the BEIS Committee: “The price changes are genuinely a once in a generation event not seen since the oil crisis in the 1970s.”

Ofgem said it will write to Chancellor Rishi Sunak to warn him of the rise. It comes after the regulator proposed to review the price cap every three months, instead of twice a year, in a move it said will help bring down prices sooner.

But industry analysts have cast doubts on these claims, forecasting that the cap will remain broadly unchanged after a review in January 2023'

[jrphoenixw2] 24/5/2022 12:13

I despair at this government. They don't even have a comprehensive energy policy, yet think it wise to make entirely self-defeating policy threats to appease whoever are today's angry-mob.

What incentive is there to invest in the UK when you don't know what which punitive taxes might be proposed tomorrow? Farewell Singapore-on-Thames, another goal this government are too incompetant to deliver.

ps. Is it coincidence that Sunak floated his views a day before SSEs prelim FY22 results and dividend declaration?

[williamcooper104] 24/5/2022 10:21

And guess who funded the anti nuke lobby - big oil As nuclear was a real threat to hydrocarbons long before renewables were ever remotely viable

[pierre oreilly] 24/5/2022 10:12

I tend to think if the future price of a share was predictable, all chartists would be billionaires. Therefore, I don't think they can predict future prices. That doesn't mean half chartists predicitons won't be right, and chartists only remembering just that 50%.

I think the very rich chartists are those who write books about it, or otherwise link their earnings to it,

[spawny100] 24/5/2022 10:05

I never understand why people believe that there is no predictive power from charting techniques Pierre. There is plenty of evidence that they can, and do, work. The psychology of crowd behaviour and self-fulfilling prophecies explains a lot of it. I use them a fair bit in my trading. I think it's extremely useful to have at least a basic knowledge of common chart patterns but each to their own.

[pierre oreilly] 24/5/2022 09:58

The public wanted no nukes, being brainwashed over 50 years by the anti-nuke brigade. They wanted windmills, being brainwashed by the green brigade. The government reflected the silly public views.

The unfortuante thing is nukes are the almost perfect generation technology, and windmills are the worst kind of generation technology. Which explains current energy prices - alng with a few blips like gas prices, but even that comes down to a lack of nukes since we wouldn't need bulk gas generation if we had bulk nukes.

Basically, the public are complaining now about bills, but they allowed themselves to be brainwashed and to a large extent still do.

More windmills, as most still seem to want, will result in even higher electricity bills, simply due to the extremely low efficiency of that tech. (they are also forcing old coal station to be forced out of mothballs to start inefficiently burning coal again, but that may be a step too far trying to explain that).

[tresham] 24/5/2022 09:41

The government should never have interfered with the retail market for electricity and gas. That made it impossible for the big well funded utilities to make a profit. Then they allowed numerous small retailers to steal huge amounts of money from the taxpayer, the ultimate financier for the worthless companies that have gone bust.
They encouraged big companies to generate sustainable power. All the time they aggravated the market by setting prices, with a price cap, discouraging consumers to adapt and now causing a huge shock to prices.
Okay SSE you have done your bit for sustainability now we will kick you in the teeth!

[dickiehh] 24/5/2022 09:37

Totally ridiculous to talk about windfall taxing renewables. World needs more renewables! That's even before we consider Putin's oil and gas fuelled war

[pierre oreilly] 24/5/2022 09:37

For those who don't know, MB attended pontypridd polytechnic. He is proud of that. Just shows the strange views you get from those who attended pontrypridd polytechnic.

Don't expect anything resembling common sense or even not void of intellect. As we have seen today, unfortunately.

Could i request you change your habbit of a lifetime and refrain from ruining this thread any more mb. tia.

[medieval blacksmith] 24/5/2022 09:37

Or rather, populist policy. Please the morons - they don't think.

[medieval blacksmith] 24/5/2022 09:37

No, it's Tory policy now!

ROFLMAO!