Sse Share Discussion Threads

[wad collector] 09/6/2022 10:42

I see that Berenberg Barclays and Deutsche Bank NOW all have targets between £20 and £22 now, FWIW.

[skinny] 09/6/2022 10:37

Bountyhunter, I too have held these for (12) years.

I'll continue to hold for now, as I've nowhere obvious for the money to go and I'm not totally convinced he will come for us.

[bountyhunter] 08/6/2022 17:17

Nothing to do with margins, everything to do with Sunak who we have seen to be capable of implementing higher windfall taxes than even Labour could have dreamt of. He still has a big shortfall to make up to implement his promised handouts to mediate high energy bills. For me it's once bitten twice shy given the effect I have already seen on O&G shares with significant North Sea production interests. You would think that SSE would be okish given strong green credentials and although it may be medium term it may not be initially if Sunak replicates his punitive measures executed elsewhere. We shall see.

[halfpenny] 08/6/2022 17:13

SSE to test 1700 and much lower predicted as margins fall. Sit back and be Patient as some say 1600 March level is likely.

[bountyhunter] 08/6/2022 14:23

Cheers Skinny, still a fair proportion of gas fired generation then :(
I have held SSE for years but I don't trust 'Richy' as far as I could throw him having been stung by the punitive windfall tax on NS O&G producers recently. Sold out here today as it's anyone's guess what he has in store for Electricity producers possibly next week be they green or not. Will look to buy back after he has done his worst!

[bountyhunter] 08/6/2022 12:22

Anyone know the proportion of Electricity generated by SSE from renewables? I presume it's pretty high now.

[halfpenny] 07/6/2022 11:29

SSE Dead Cat Bounce Too Risky as Taxes Go higher soon…meeeooowww!!

[skinny] 06/6/2022 09:57

Similar spike on NG and to a lesser extent, CNA - maybe a fund purchase?

[jrphoenixw2] 06/6/2022 09:35

Notable spike higher on the open, 8 - 8.05am volume of 245k all going through at 1874.5p.

[wad collector] 06/6/2022 08:29

I remember what the filter option is for now..

[michael_kent] 31/5/2022 14:57

I am going

[michael_kent] 31/5/2022 14:55

rYes please do it when we i youiuy and see

[michael_kent] 31/5/2022 14:49

Hi Lisa hope you are i I

[michael_kent] 31/5/2022 14:45

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[halfpenny] 30/5/2022 12:12

Will SSE 1700 be tested if broken 1500 next support level with more bad news and no clarity…Too Risky at this level.

[wad collector] 29/5/2022 09:18

IC just ran an article looking at the SSE share price movements last week and the prelims. Points out the lack of wind in the first half yr made the thermal and gas storage divisions the main growth drivers, with the low wind driving up the balancing market prices. FWIW it concludes that the shadow of a one off tax will remain until HMG makes a clear statement (Hmm, don't think I will hold my breath on that one!) but because of good yield concludes HOLD.

[waldron] 29/5/2022 06:50

STOCKS TO WATCH: With Chancellor mulling an extension of his 'energy profits levy' to utility companies, are energy shares now a buy for the brave?

By John Abiona, Financial Mail On Sunday

Published: 21:50 BST, 28 May 2022 | Updated: 21:50 BST, 28 May 2022



It was the policy the City had been bracing itself for and it finally arrived last week – oil and gas companies were hit with a windfall tax.

While shares in oil giants BP and Shell remained steady, attention turned towards others that may be in the firing line.

Chancellor Rishi Sunak said he is mulling an extension of his 'energy profits levy' to utility companies, such as British Gas owner Centrica and SSE.




The shares of both companies were down this week.

The advice from the City seems to be: 'Don't panic.'

Deepa Venkateswaran, at stockbroker Bernstein, says the Treasury had 'grossly overstated' the potential its windfall tax could take from renewable energy generators.

She said the share price fall at SSE and Centrica last week was an 'overreaction' and investors should 'buy into the dip'.

US bank JPMorgan criticised the effectiveness of taxing energy supply firms, saying: 'We do not believe that it would be material from a financial standpoint.'

[medieval blacksmith] 27/5/2022 09:31

This is what I posted 5 days ago...

Medieval Blacksmith24 May '22 - 14:29 - 3748 of 3788

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.

[halfpenny] 27/5/2022 08:56

Dead Cat Bounce in play so next support level 1600 to be tested. Too Risky at these levels with more falls to come soon..sone say 1500 or less expected..as marked overshoots lows…RISKY

[jrphoenixw2] 26/5/2022 18:24

But hey during all the confusion and policy/policy U-turning Bunter has got away with it AGAIN, hasn't he. To hell with anything else right up to the UK being an investible destination.

[dickiehh] 26/5/2022 17:31

Laughable that the big oil companies see their share prices RISE after this theft but the renewables companies like SSE and DRAX see their shares hammered due to the uncertainty of what clueless myopic gov't policy comes next. What a bunch of plonkers this govt really are

[coxsmn] 26/5/2022 15:24

I read there is a caveat, the more a company invests in renewables the less the windfall tax they are liable

[frederickbloggs] 26/5/2022 14:27

I spoke too soon. It looks looks the Downing Street idiots will come back to SSE for a second bite at the so called windfall. And SSE is probably doing more than anyone to deliver the government's net zero agenda. Absolutely disgusting.