Sse Share Discussion Threads

[skinny] 20/1/2023 09:48

From yesterday :- UBS Buy 1,702.00p 1,650.00p 1,950.00p Reiteration

[wad collector] 20/1/2023 08:56

I wonder if the dividend cut is a play to try to avoid the headlines about electricity firms growing fat from the increased prices? Good strategy if it works , happy to have capital rise instead...

[tuftymatt] 20/1/2023 07:54

Fantastic news on the divi 👍🏻

[bountyhunter] 20/1/2023 07:51

Dividend info extended at the end of the header.

[bountyhunter] 20/1/2023 07:37

A strong trading update with the progressive dividend to be maintained.

SSE is updating its current expectations for full-year 2022/23 adjusted earnings per share to more than 150 pence from the previous guidance of at least 120 pence. This update reflects the strength and stability of its balanced mix of regulated and market-facing businesses with continuing good availability and supportive market conditions leading to flexible generation plant and gas storage optimisation significantly offsetting lower than planned renewables output and hedge buy-back costs. It also reflects a narrower range of probable financial outcomes with the decrease in risk from recent falls in forward power and gas prices and further clarity over the Electricity Generator Levy both reducing uncertainty in the financial outlook as the year has progressed.

[coxsmn] 17/1/2023 11:13

Bank of America raises SSE pt to 2000 (1840) buy

[peterangler] 03/1/2023 17:27

Ditto to that, more concerning was today's drop especially with the good news on gas prices

[wad collector] 03/1/2023 15:29

Time for that filter option again...
Anything sensible in that post is devalued by the ranting.

[wad collector] 15/12/2022 10:26

Yes Gas is providing us with about 50% this year. Today when it seems to me that the whole country is becalmed, wind is still pushing out 24% of our needs this week. Though maybe it is windy offshore somewhere.
The trouble with those figures is that they don't describe the intermittency.
Good to see that we have been net exporters for the last 24 hrs too.

But SSE share price is now more about politics than balance sheets again.

[marktime1231] 08/12/2022 13:45

I noticed yesterday quietly after about 18 months of final consideration the govt announced it has approved Keadby 3, a new 910MW gas power station with CCS near Hull which SSE is to develop with Equinor.

In the transition and in the absence of zero-carbon alternatives gas power is crucial. Over the last decade our gas power capacity has dwindled from 32GW to a nominal 28GW but the reality is we are down to an effective capacity today of around 24GW. Maxxed out during cold winter weather so we are having to add coal power back in to the mix.

And with prices making CCS viable, and a vision to transition from natural gas to hydrogen, our consciences can be clear. A shame that until hydrogen is in mass production we will mostly be burning natural gas from Norway, Qatar and the USA instead of our own.

We need to continue to invest in efficient and cleaner gas power, and nuclear, and storage to get us through to 2050. Expect more of the same, near to hubs which have a hydrogen vision.

[tuftymatt] 08/12/2022 10:58

I have a stop loss in to protect profit at 1682 which recently I didn't think would be required.

Looks like it's about to trigger as the Santa rally looks like it's been delayed due to the strikes!!

[peterangler] 30/11/2022 09:48

Yet more interference from OFGEM today, a populace move to deflect attention from the enept way it has failed throughout its original conception to benefit the consumer and protect the network.

[alphorn] 28/11/2022 10:15

Probably bid at the same time as UU. ;)

[wad collector] 28/11/2022 09:29

Yes I have also been anticipating a bid for at least the last 20 yrs...still waiting!

[bountyhunter] 27/11/2022 18:36

"Elliott has publicly gone quiet over its stake, but SSE may yet well find itself a prime bid target at a time of huge flux in the energy system. Oil giants such as BP and Shell are both pushing into wind farms, and may find they’d like some electricity networks to go with it as well."

I've been here for years anticipating a bid, maybe finally there will be one ironically catalysed by the Government's latest ill-thought out harsh taxation policy.

[jrphoenixw2] 27/11/2022 18:30

SSE now playing hard-ball re: windfall taxes...

Telegraph 26/11 9pm: 'Windfall tax means less certain energy supply, warns SSE chief
Energy giant may need to reduce output of hydroelectric plants to avoid 45pc levy

The Government's windfall tax has placed the UK’s energy supply at risk this winter, according to the boss of energy giant SSE.

Alistair Phillips-Davies says SSE may need to reduce the output of its hydroelectric plants in January and February to avoid the tax.

“That will mean there's probably less certainty of supply over the absolute peak,” he warns.
[edit...]
Months of speculation about introduction of the tax weighed on SSE’s share price, but there is now some relief in certainty. SSE’s stock is up 4.18pc year to date, valuing the company at around £18bn.
[edit...]
Elliott has publicly gone quiet over its stake, but SSE may yet well find itself a prime bid target at a time of huge flux in the energy system. Oil giants such as BP and Shell are both pushing into wind farms, and may find they’d like some electricity networks to go with it as well.
[edit...]
Opportunities are also opening up further afield. In the US, Joe Biden’s administration is luring billions of pounds of investment in renewables with a massive package of tax credits and incentives, sparking concern the US will suck investment out of the UK and Europe.

SSE has opened an office there and will go for good opportunities, says Phillips-Davies. But he notes Europe is “really committed to the path of renewables and clean green flexible energy … [which is] absolutely in our sweet spot”.

“America could be good,” he adds. “Why not. But I think equally America, ultimately, if it needs to have cheaper energy, it'll continue to frack and and indeed, if it has to, dig coal as well.”
[These are just extracts of a looong article, the bits relative to investors here. The full article can be found here:

[wad collector] 24/11/2022 15:40

Oh good, I will stop worrying then.

[kennewil] 22/11/2022 13:09

They are not going to privatise energy.They are going to create and energy company like EDF.https://www.theguardian.com/politics/2022/sep/27/labour-will-launch-publicly-owned-energy-firm-keir-starmer-vows