Sse Share Discussion Threads

[wad collector] 16/11/2023 15:08

The divi is clearly not the attraction is was for two decades, but the share price rose 3 times the annual divi in the last fortnight ; happy to take the money either way....

[bountyhunter] 16/11/2023 14:25

The emphasis on renewables may of course result in capital appreciation which we may not have seen otherwise. My impression is that SSE are looking to the future.

SSE: "We develop, own and operate low carbon infrastructure to support the zero-carbon transition. This includes onshore and offshore wind, hydro power, electricity transmission and distribution grids, efficient gas, alongside providing energy products and services for businesses."

[anhar] 16/11/2023 13:13

18BT ...so ultimately, the dividend should be able to grow faster. Whether that helps any depends on your time horizons.

The 2024 divi will be cut from 96.7p in 23 to 60.0p. The likely divi growth rate in future is going to take an awful long time to recover to the previous level and much longer still to recover the total amounts that would have been paid had there been no cut and the divi had just been maintained, and even worse, longer still to account for inflation meanwhile.

This is way beyond anyone's reasonable time horizon.

However as I said, I'll continue holding SSE in my income port as it hasn't committed a serious enough offence to warrant excommunication.

[jrphoenixw2] 16/11/2023 10:36

'Offshore wind projects to receive subsidies boost after auction flop
Claire Coutinho to announce 70pc increase to guaranteed price offered to developers'

Briefly: Telegraph headline this am^, haven't read the detail yet.
Also eyeing the charts above I expect there is going to be significant upside resistance in the 18-1900 area. Wld like to determine more clearly where those levels are.

[18bt] 16/11/2023 06:55

Ref to UK was only where it is incorporated and listed..

[bobby12340] 15/11/2023 22:51

You state SSE is purely UK based-you are wrong.
It cut turf on its first French wind farm this week and has projects all across the Mediterranean and Japan I think

[18bt] 15/11/2023 15:33

anhar - I understand, but they are saying (unlike a lot of UK cos) that they have a business in which investment can enhance longer term returns - so ultimately, the dividend should be able to grow faster. Whether that helps any depends on your time horizons.

[anhar] 15/11/2023 11:16

The figures aren't bad but that big 38% divi slash for the full year still hurts me as an income investor, having held SSE for many years. I know the "rebase", ie. cut, was flagged well in advance but it still stings as the actual accounts are revealed.

SSE is one of the clutch of utis in my diversified income port but with a forecast yield of about 3.4% on a 60p divi at 1,745p it's one of the lower yielders.

Before anyone asks why don't I sell, my strat is to hold income shares very long term and rarely sell unless I think they have gone seriously wrong which SSE has not, despite the divi cut. It's the income stream with which I am primarily concerned, not share prices. Inevitably, some shares sometimes cut divis over the long term and that's why I have a port diversified across many industries, to ameliorate that risk.

[tuftymatt] 15/11/2023 08:00

A good set of figures out today and I am happy to hold these as part of a well diversified portfolio.

Good luck all 👍🏻

[bountyhunter] 15/11/2023 07:38

6 mths to 30 Sept
"Adjusted earnings per share of 37.0p , ahead of pre-close guidance reflecting stronger operational performance combined with a lower anticipated effective rate of tax for the full year."

[18bt] 15/11/2023 07:28

Strong update on the medium term growth prospects. A growth share currently on a PER of under 11x and a sensible yield of 3.5%. What's not to like for the next few years if it delivers. Happy to maintain this as my core utility holding. Appear to be no slip ups like Orsted.

[wad collector] 03/11/2023 18:46

Adblocker gets rid of them, I had forgotten they existed until I used another device.

[peterangler] 03/11/2023 13:27

Am I alone ,but is anyone else getting these annoying ads that can't be deleted?

[wad collector] 02/11/2023 09:21

Thanks for updating the BB.
Governments cannot politically afford to see the major renewable projects stall . Either they will have to organise better funding for private sector , or nationalise the construction. In the long run one of these directions needs to be taken , the decision rather hinges the future of SSE. Maybe this is simplistic ,but to holders there remains a significant gamble in this choice. Hard to know how much is priced in.

[bountyhunter] 01/11/2023 21:46

Header calendar extended

[timmy40] 01/11/2023 19:39

Bad news today for Orsted, particularly in the US where the offshore wind industry is only starting, now projects are being cancelled.I presume these issues are not the same for SSE, given it is only UK exposed and its build costs are factored in/power is already being generated from doggerbank ?Is the large Divi safe

[pierre oreilly] 20/10/2023 10:37

Divis built up in isa enough for another investment. So this time it went into a top up of SSE. Ups income by another 800 quid pa.

[marktime1231] 10/10/2023 21:35

It would give more comfort to hear about Total/SSE'S 1.1GW Seagreen wind farm off Angus, where construction was complete I think in June or July with a formal ceremony, and was due to fully commission by now but mysteriously is still in the closing stages of going live. Technical problems with network connection or a standoff over commercial issues?

[wad collector] 09/10/2023 12:30

Thanks BH.


Who knows what to make of the latest plans?

hxxps://labour.org.uk/updates/press-releases/labour-sets-out-plan-to-rewire-britain-and-build-the-clean-energy-grid-the-country-needs/


I cannot decide if this supports SSE or dooms it. Though it appears not to be official Labour policy....

[bountyhunter] 04/10/2023 12:49

Not showing in the header news section for some reason..

[bobby12340] 03/10/2023 09:25

You could be right but they do have an experienced team in developing both onshore and offshore wind.
With the international division now launched and with projects ongoing in Spain,Italy,Greece and France their profile is rising.
I agree the reduction in dividend is not attractive and may depress the share price until the value of their overseas assets starts to become clear.