Sse Share Discussion Threads

[skinny] 05/9/2024 15:35

Looking across the board, its been a good day for the majority of the utilities.

[skinny] 05/9/2024 15:10

Yes £19 has been a tough resistance level, but hopefully now in the rear view mirror.

[jrphoenixw2] 05/9/2024 14:41

Looking at the charts above you'll see several moves to break above 1900, mid and end of last year plus this July (all approx). Todays break-out might be called a conviction break-above, 1966 (i/d) is getting beyond the gravitational pull back towards the Big Round Number... well as long as it manages to hold it. The longer it holds it the firmer the break-above becomes.
The timing suggests the auction results round just completed was good news for the shares. I wonder if we'll see RNSs coming out of increased stakeholder declarations.

[wad collector] 05/9/2024 13:36

Agree seems a long term hold, but sometimes I like to sell some on a rise , suspect an opportunity to buy back again before too long , just let some go at 1950.

[18bt] 05/9/2024 10:37

I think it is the growing realisation that some energy businesses are going to make a lot of money out of the drive to net zero at the expense of consumers and tax payers - it's the speed of the transition which is creating the opportunities.

[skinny] 05/9/2024 08:01

I believe you are correct!

[wad collector] 05/9/2024 08:00

You are obviously a half full person!
Not sure what is driving the share price so strongly today , I think that is an ATH.

[bountyhunter] 04/9/2024 18:06

If directors have exercised options and retained the purchased shares except for selling a proportion to settle tax/costs (as is often the case) then I would see that as a positive.

[jrphoenixw2] 04/9/2024 10:15

IME options are only ever granted to employees (company 'officers') as part of their annual bonus. I don't think ranked employees trading options in the employer would be particularly well received :)
@Wad, sad to say but the new govt have yet to reveal their hand; we have that joy to come...

[18bt] 04/9/2024 06:51

SSE has a separate web-site on Berwick Bank at
It's specific on the consents required and when application was made, but little on when they expect them to be determined. I'd expect price action as and when they are determined - anyone have any expectations as to timing?

[wad collector] 03/9/2024 12:31

Hopefully that is a good price.
I was looking back at the Director's dealings , and I can't see that any of them have put any money into buying SSE shares in the last yr, other than options. So maybe I shouldn't be putting any more of mine into SSE?
That said, my fears of a Labour savaging of SSE have not materialised.

[jrphoenixw2] 03/9/2024 07:56

RNS this morning:
'UK CfD Allocation Round 6

SSE plc
UK Contracts for Difference Allocation Round 6
3 September 2024

SSE has today, 3 September 2024, been informed that Cloiche Wind Farm has been successful in the UK's sixth Contracts for Difference (CfD) Allocation Round and is set to be awarded a low-carbon power contract for a total of 130.5MW.

Cloiche will receive the guaranteed strike price of £50.90/MWh, based on 2012 prices but annually indexed since then for CPI inflation, for the contracted low-carbon electricity it will generate for a 15-year period following delivery year 2027/28. The project has secured a CfD for 130.5MW, 100% of total capacity.

Securing a route to market for Cloiche ensures it can receive a guaranteed income for the renewable energy it can produce during the lifetime of the contract and for a significant part of its operational life.

Cloiche, which was granted consent in November 2023, is in late-stage development and will be targeting final investment decision in 2025.

Stephen Wheeler, Managing Director for SSE Renewables, said:

"We are delighted Cloiche has been successful in AR6. Securing a route to market will enable us to progress the project which is critical to delivering new homegrown green energy for the UK.

"But there is much more to do if the UK is to meet its ambitious clean power target by 2030, which requires a quadrupling of offshore wind capacity.

"At SSE Renewables, we are waiting for consent from the Scottish Government for Berwick Bank, which at 4.1GW would be one of the world's largest offshore wind farms and would make the single biggest contribution to the achievement of both the Scottish and UK Governments' offshore wind targets.

"Ensuring mission-critical projects like Berwick Bank get consent quickly and designing the next offshore auction round to deliver over 10GW of offshore wind will give the transition to clean power by 2030 the significant boost it clearly needs."

[wad collector] 02/8/2024 14:01

Well that £19 level is finally breached.

I see that there are promises that the next round of CFD auctions from the new HMG , though clearly they had to put in more funding after the last debacle
.
"Government backs industry with £1.5 billion budget for next renewable energy auction, boosting energy security
increase of over 50% on previous budget with biggest boost for offshore wind
new milestone in mission for clean, cheap energy for families and businesses"

[hopefuldave] 23/7/2024 11:14

The stock exchange or the market makers are very clever, building the share price up before Thursday, tempting us to take the profits, instead of waiting for the dividend. I’m not falling for that one. Then of course, on Thursday they will mark the price down very badly as they do. I’m waiting for the recovery hopefully next week. Good luck to everyone.

[bountyhunter] 21/7/2024 19:23

or you could see it as proactively making a strategic move before being forced to, that way you can make the move on your own terms

[jrphoenixw2] 21/7/2024 18:57

'green reasons' beeing so they pay you less green whilst presenting it as somehow virtuous? hehe...

[bountyhunter] 21/7/2024 09:22

NG have also rebased their dividend for 'green' reasons. Both SSE and NG seem to have regained stability following those dividend shocks however.

[wad collector] 21/7/2024 08:01

40p this time!

[hopefuldave] 21/7/2024 07:22

Thanks for commenting.

[bountyhunter] 20/7/2024 20:03

That often happens on XD day (although not SSE specific) but generally recovers before long. I've tried trading the discrepancy a few times but by the time you take into account buying and selling costs, spread and stamp duty it's not generally worth the effort.

[hopefuldave] 20/7/2024 16:49

As anyone noticed, on ex divi day, they are marking the share price lower than ever?. Making life difficult if we have to sell, which might take weeks to recover.nice dividend though!.

[bountyhunter] 18/7/2024 14:13

Yes exactly.
It has stopped at around £19 a few times previously but may have more strength to break through following on from today's update.