Sse Share Discussion Threads

[superiorshares] 21/8/2022 10:53

Pierre

Agree with you , the Windmill game is a disaster !!!

They don`t create any where near the power the sales rep tells you. Plus
the Tax payer has to subsidise them on a monstrous scale .

I remember watching the ships at Great Yarmouth when they were building the enormous
offshore one there .

Shortly after its completion it was announced it would only produce two thirds of what the Plan originally maintained it would . Perhaps the ambitious electric crop was published to ensure the government and Town hall approved it ?

[topvest] 12/8/2022 20:27

Interesting Pierre. Offshore wind is the only option near term though as nuclear (where we have halved our fleet over the last couple of decades) will take 10-20 years to relaunch. Quadrupling the existing offshore wind farms by 2030 is achievable and lots are under construction / detailed planning stage. Battery storage will help and this is starting to get some momentum with the likes of Gresham House and others. With gas prices at c£200/MWh its currently x2 the nuclear price and x5 the latest windfarm tenders, so gas seems the nightmare to me!

[wad collector] 12/8/2022 18:25

Wouldn't say that Pierre....

[wad collector] 12/8/2022 18:25

Wouldn't say that Pierre....

[pierre oreilly] 12/8/2022 09:54

Wind looking cheap.-----I won't flog this to death and bore people further so I'll reply this once then bog off elsewhere.Please don't make the drastic error of looking at headline CFD or other headline wind prices and thinking those are comparable with e.g. gas generated unit cost. Headline prices are very very very much not the whole story with intermittent generation. The cost of integrating intermittent on a power matching grid, plus all the intermittent specific payments they are given, changes the story massively. Further wind will further increase our electricity price, not lower it.That's all from me on this, I realise it's boring for most people.

[topvest] 11/8/2022 16:27

Wind and solar are starting to look cheap. Offshore wind will have to come to the rescue with capacity expected to 4 fold in a few years. In the meantime Drax (the biggest station) is sitting 1/3rd idle because we refuse to burn coal and we are slowly decommissioning our aged nuclear fleet (down to 5 or stations shortly I believe). We also closed our gas storage facilities because they had been loss making for a few years. It will take years for nuclear to be scaled up. To be honest, I think we should be building onshore wind and solar again after a 5 year stall. no point having empty fields if we can generate power on them and they even look quite nice!
The real problem is gas and Putin.
There doesn't appear to be any solution in the short-term as Putin can turn on and turn off at will.
Be nice if we could step back in time and have oil and coal stations for 5 years. Nearly 40 gas stations is a disaster.

[pierre oreilly] 11/8/2022 15:16

Today's problems go back 30 years. The anti nuke campaign convinced almost everyone that nukes were deadly, so we stopped building them. Add onto that the mass support for intermittent windmills (which exists even today, yet is waining i feel) and that's the cause. The dash for gas was an immediate response, thousands of cheap to build yet expensive th run gas turbines all over the place, and our reluctance to mine our own gas led to total dependence on others, mainly russia, with a pipe going over many countries, each of which could turn the supply off. If that isn't bonkers, i don't know what is. With nukes, we wouldn't have needed much gas, and would have energy independence. We also wouldn't have needed to cover the place with windmills, which are intermittent and need massive subsidies and market bending priorities to shoehorn the intermittent generation onto our power matching grid. It's so lucrative to build windfarms (paid for by you and me in our bills) that they are everywhere, with a high guaranteed profit courtesy of bill payers. There is now so much wind capacity that on a windy day at periods of low demand, ng has to instruct them to turn off. For that, the farm owner get constraint payments (in excess of generation payments, neat eh?) for not generating anything at all.

The story of high bills is only partially due to the gas price - the real cost to bill payers of windmills is now coming through. More windmills (which many see as the solution to high prices) will actually be the cause of further increasing prices.

There's an obvious problem when the wind doesn't blow, but i think the very expensive problem of when the wind blows too much just isn't appreciated yet. (and please no 'batteries/hydrogen would solve that' - that isn't a grid scale solution.

Like them or loathe then, the only way out of this mess is a nuke build, and the earliest that will come online is at least 10 years. Expect 10 years at least of hell for many who simply can't afford electricity prices. A £400 gift this year won't solve anything.

[topvest] 11/8/2022 14:53

Anyone watching the gas price.... now x10 what it should be at this time of the year (now 420p/therm). UK gas price up 72% in a month...OMG!
Forget £4k per year domestic price cap. We could be talking £10k per year before too long. What a total disaster.

[skinny] 10/8/2022 16:42

Looks like it - it seems pretty much sector wide.

[peterangler] 10/8/2022 16:40

Sudden drop today, Windfall worries back in the media again?

[hopefuldave] 31/7/2022 13:33

Anyway,it all worked out well,I got the dividend and sold on Friday with a modest profit to invest on the next next dividend stock coming next week, maybe Unilever.see you again near the next dividend date. Good luck.

[jrphoenixw2] 30/7/2022 20:46

HopefulDave: 'Thank you for being helpful.Yes,I wanted to sell today but of course I can’t because I would lose that lovely profit..'

Not really, when the share drops after going Ex-div then in theory it drops an equal price to the value of the dividend that you are only now entitled to. And will still receive even if you sell your shares the next day.

Hence in theory trading around a divs XD should make no difference. However there do tend to be strategies and movements in/out around XD that you'll find in some shares in particular, this might be one I forget. You can tell if the share price drops materially below the value of the now XD div on XDate, and has a habit of doing so.

- Look on the bright side, that flags up a future opportunity to you to when to potentially top-up.

[bountyhunter] 29/7/2022 09:50

Yes that worked out very nicely, it's always tricky to get trades right around the XD date! 🙂

[skinny] 29/7/2022 09:44

bounty - a well timed top up!

[bountyhunter] 28/7/2022 14:08

Dave #3885 yes that is correct and why the shares are quoted X Dividend today the 28th.

It's here:



and in the header :)

[hopefuldave] 28/7/2022 13:52

Thank you for being helpful.Yes,I wanted to sell today but of course I can’t because I would lose that lovely profit..

[skinny] 28/7/2022 13:32

Dave - its one of the most posted topics on these boards and seems to confuse a lot of people :-

[gateside] 28/7/2022 13:32

If you held at close yesterday, yes you will receive the dividend.If sell today you still get the dividend.If you buy more today, then yes you won't get the dividend on your new shares.

[hopefuldave] 28/7/2022 13:22

Sorry if I seem stupid, but I assumed I got the dividend at close yesterday,and if I buy today I won’t get the the dividend, That’s why they marked the price down so I can’t sell today to make double profit.sorry if I got it all wrong.

[bountyhunter] 28/7/2022 12:47

That doesn't make XD the 27th rather than the 28th

Only down 59p now, glad I topped up earlier around £17, XD is 60.2p

[wad collector] 28/7/2022 12:16

No, today is Wednesday . Definitely. Somewhere still.

[bountyhunter] 28/7/2022 11:02

That's a new one on me lol!

>> ex dividend day was 27th

No it wasn't, it is today which is 28th
XD 60.2p as I posted earlier.

[hopefuldave] 28/7/2022 09:06

Officially it’s the the day before ex,so we’re being punished for the super payment.that’s all.