Sse Share Discussion Threads

[skinny] 18/7/2024 12:30

A bit crude, but you get the gist :-

[bountyhunter] 18/7/2024 12:27

and seems to be listening

[bountyhunter] 18/7/2024 12:14

The chart says yes 🙂
If/when it breaks through 1900 a new all time high could well be on the cards.

[tuftymatt] 18/7/2024 09:16

Yeah positive and can we now run to 1900 ahead of the divi??

Good luck all 👍🏻

[bountyhunter] 18/7/2024 08:58

A positive trading statement - more "normal" weather conditions have helped vs the same period last year.

[bountyhunter] 17/7/2024 19:05

Golden cross:



Good point re tomorrow Gikesy, I had that out of order in the header, now corrected.

Has the wind been blowing as anticipated? I guess we will find out tomorrow. Either way it could make it break the golden cross!

18 Jul 2024 AGM and Q1 Trading Statement

[gilesy911] 17/7/2024 18:46

Results in the morning ?

[bountyhunter] 10/7/2024 17:31

SSE has significant green energy interests when compared to most other utilities. I topped up here before the election but wouldn't touch some of the other utilities with a bargepole, especially those supplying water.

[wad collector] 10/7/2024 16:09

I remain surprised by the share price here; without any details of the new govt plans for the sector it is hard to know what will happen to existing companies with the GB Energy plans. The share price suggests that no-one else is worried. I sold half my holding a month or two ago as well as bailing out of UU completely , but it seems the market is confident about the medium term future. I shall sit on my hands for longer.

[pierre oreilly] 05/7/2024 10:04

Well there's your answer.It's just one left wing party replaced by another left wing party.

[tuftymatt] 03/7/2024 20:24

No because it's already the obvious outcome.

Good luck all 👍🏻

[gilesy911] 03/7/2024 19:58

Can we expect a massive drop if Labour is elected

[peterangler] 28/6/2024 08:03

Has BPs decision yesterday, and that of others, to scale back on offshore generation indicate less enthusiasm for renewables? SSEs "eggs in one basket"
Strategy may have to rely on the outcome of Labour's GB Energy plans.

[skinny] 20/6/2024 09:20

FWIW :- Morgan Stanley raises SSE price target to 2,250 (2,200) pence - 'overweight'

[stevetmade1] 06/6/2024 14:22

https://www.shetnews.co.uk/2024/06/06/milestone-sse-renewables-viking-produces/

[the deacon] 03/6/2024 07:12

Good discussion with the CEO posted today https://youtu.be/Xd41FMmTB6A?si=BSBEe-Z3itPvVma-

[skinny] 28/5/2024 14:10

FWIW :- Jefferies raises SSE price target to 2,050 (1,850) pence - 'buy'

[glasgow13] 22/5/2024 06:25

bountyhunter thanks

[bountyhunter] 22/5/2024 06:20

Header updated with the latest dates.

[bountyhunter] 22/5/2024 06:11

40p final divi as anticipated

FINANCIAL HIGHLIGHTS: DELIVERING RESILIENT EARNINGS
· Adjusted earnings per share of 158.5p, towards the top end of guidance provided in the pre-close statement reflecting strong operational performance across the diversified business mix.

· Reported earnings per share of 156.7p, reflecting positive fair value movements on derivatives offset by impairments in Triton Power and Gas Storage, reversing previous valuation increases to reflect changing market conditions, and an impairment in non-core Neos Networks investment.

· Increased profits in SSEN Transmission driven by increased investment as the business progresses with delivery of the RIIO-T2 business plan, whilst the timing of cost inflation recovery in SSEN Distribution principally led to lower profitability in that business.

· Profitability in Renewables reflects higher hedged prices combined with lower hedge buyback costs, with higher year-on-year output reflecting Seagreen offshore wind farm reaching full power.

· In SSE Thermal, lower market income was partially offset by additional capacity from Triton Power and Keadby 2 offering the market increased flexibility, alongside strong future capacity auction results.

· Gas Storage earnings lower, in line with expectations, as gas prices and price volatility reduced

· £1.1bn of long-term debt issued in the period including a €750m eight-year Green Bond at a fixed coupon of 4.0% and a further £500m 20-year Green Bond at an all-in rate of 5.575%.

· Adjusted investment, capital and acquisition expenditure of £2.5bn.

· Adjusted net debt and hybrid capital at £9.4bn, in line with pre-close guidance, with a net debt to EBITDA ratio of 3.0 times, well within a strong investment grade credit rating range.

FINAL DIVIDEND IN LINE WITH GROWTH-ENABLING PLAN
· Intention to recommend a final dividend of 40.0p for payment on 19 September 2024, making the full year dividend 60p per share in line with growth aligned dividend plan.

· Scrip uptake continues to be capped at 25% and implemented by means of a share buy-back.