Sse Share Discussion Threads

[tuftymatt] 10/1/2024 14:05

A solid run of late so I am more than happy to hold for the divi that gets locked in tomorrow.

Sure there is a chance of more than a 20p drop in the morning, or even from now into the close today, but I will sit on my hands.

Good luck all 👍🏻

[jrphoenixw2] 16/12/2023 13:24

^^ Which might exaplin the '52week hi' at 1932.5p notification I received. That will likely be an upside resistance level from now...

[skinny] 14/12/2023 09:47

JPMorgan raises SSE price target to 2,125 (2,100) pence - 'overweight'

[tuftymatt] 11/12/2023 20:54

A little dip but hopefully tomorrow we have a run at 1900

Ex divi a month away and worth 20p so the big question is can we get to 1936 and bag the divi too???

Good luck all 👍🏻

[bountyhunter] 11/12/2023 14:55

That's jinxed it!
No wind today?

[jrphoenixw2] 06/12/2023 10:21

For the record, the all time high appears to have been 1935.5 from mid May 2022. One to watch...

[bountyhunter] 24/11/2023 07:46

Cheers Skinny, I'll add it to the header.

[skinny] 23/11/2023 18:07

Basic chart, size large, all data and then added the same width value as your chart to the HTML.

On edit - so yes, just large size.

[bountyhunter] 23/11/2023 18:00

How did you do that? Large sized chart or a different type?

[skinny] 23/11/2023 11:59

Bountyhunter - your chart with the years slightly more readable :-

[skinny] 23/11/2023 10:29

FWIW :- RBC raises SSE price target to 2,050 (1,950) pence - 'outperform'

[bountyhunter] 22/11/2023 19:43

A new all time high may not be too far away..

[wad collector] 22/11/2023 10:30

Good to see we have an £18 share again, and with recent gains, £19 not impossible this yr.

[pierre oreilly] 20/11/2023 09:17

I thought nationalisation was now a dead duck? Not sure where it leaves Ng. Where a small part was to be brought under direct gov control.The Divi in my view is all politics, not financial. SSE is hoping to keep under the regulator's (and the green public's) radar by not paying out a high Divi rate. That simply leaves a little more to be invested in more windmills rather than the other way around. Sse is unusual that it's big business with shareholders (greens don't like that), yet it's a big windmill company (greens love that), so the Divi cut is a balance.The short/medium term of the windmill business was secured very favourably last week (for SSE, not taxpayers) by the increase in gteed prices.So a couple more years of profitable investment in SSE then. Further out, watch out for reality hitting and these green companies hit hard times as subsidies get cut.Reassess carefully every 6 months Imv, but for now it's a stonking buy (thank you taxpayers).

[anhar] 17/11/2023 10:53

18BT 5 years of dividend growth @10% takes it back up to 96.6p. I assume the additional investment should raise the dividend growth rate 3-4% per annum.

What they said is:

"Reiterating commitment to target annual dividend increases of between 5 - 10% to 2026/27"

Which covers only the next three years from the current 60p for 23/24. So it's quite over-optimistic imo to assume their top of the range 10%pa growth for these three years, let alone five years. And even in the unlikely event your growth figure materialises, it will take many more years as I said to cover the reduction, so that the total receivable matches what would have been received without the cut.

There is no getting round it imo, it's a nasty cut and there is no hope of recovering the total amount lost within a reasonable time horizon. But whatever, even as a purely income investor and having held for a very long time, I aint selling cos their crime is insufficiently damaging to the holding or my port in general.

[skinny] 17/11/2023 09:57

Deutsche Bank raises SSE price target to 2,000 (1,900) pence - 'buy'

[bountyhunter] 17/11/2023 07:51

Yes GBE is on the cards but although I can't pinpoint it I'm pretty sure I recall Starmer saying more recently that the existing energy companies wouldn't be re-nationalised. I would expect more on this in their manifesto closer to the election whenever that is!

[wad collector] 16/11/2023 23:27

Rather depends what their nationalisation policy is ; previously they have said they will renationalise all the Utilities. This was official party policy in 2019
"it is imperative that energy networks be run transparently, in the
public interest with democratic control and oversight. This is inconsistent with current
ownership structures, in which electricity and gas distribution companies are owned
and controlled by largely international investors including private investment banks,
private equity funds, international pension funds and sovereign wealth funds."

More recently they suggest GB Energy will lead the way , though it is rather vague what the plan is for existing companies like SSE. I have just read their campaign document which does not say what the plan is for the existing companies and it includes the catch all ;
"Ahead of the next General Election, Labour will work with senior energy industry figures from across the nations and regions
- including energy companies, energy experts and trade unions to further shape the role and remit of GBE."
Which could be read as , "we haven't actually thought this through and don't know how it will work"


But easy to say these things when not in government. But that uncertainty remains my main worry here rather than what the dividend policy is.

[bountyhunter] 16/11/2023 17:33

Probably a smart move if/when Starmer gets in.

[skinny] 16/11/2023 17:32

I hold plenty of those 🙄

[bountyhunter] 16/11/2023 17:29

However a renewable business has more growth potential. There's no point in a high dividend if the share price declines longer term reflecting a failure to switch to low carbon technologies as ultimately the dividend would be cut and be alongside capital depreciation.

[18bt] 16/11/2023 17:14

5 years of dividend growth @10% takes it back up to 96.6p. I assume the additional investment should raise the dividend growth rate 3-4% per annum.

[bountyhunter] 16/11/2023 15:42

Yes it's a balance as a high divi can be a red flag, but SSE's divi has become a green flag ;-)