Sse Share Discussion Threads

[jrphoenixw2] 17/10/2024 08:49

RNS re: completion of buy-back a/o today.

SSE PLC










Transaction in Own Shares and Completion of Buyback

SSE plc (the "Company") announces that it has purchased the following number of its ordinary shares of 50 pence each (the "Ordinary Shares") on the London Stock Exchange through UBS AG London Branch ("UBS"). These purchases were made as part of the Company's £75 million share buyback programme as announced on 30 September 2024 (the "Programme"). All shares were purchased from UBS as an "on exchange" transaction subject to the rules of the London Stock Exchange and in accordance with the authority granted by shareholders at SSE's Annual General Meeting on 18 July 2024 and Chapter 9 of the Listing Rules. The Ordinary Shares purchased will be held as treasury shares.

The detail incl list of every single transaction (loooooooong) can be found here:

[skinny] 04/10/2024 09:47

FWIW :-

Jefferies cuts SSE to 'hold' (buy) - price target 2,050 pence

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Goldman Sachs cuts SSE price target to 2,490 (2,499) pence - 'buy'

[bountyhunter] 20/9/2024 07:38

Divi reinvested, I'll take yesterday as a one off and put it down to interest rates uncertainty although the BOE governor did confirm the trend is now downwards.

[bigbertie1] 19/9/2024 18:46

Yes, I wonder too! Do they have much US activity - if the dollar falls after the interest rate cut that will provide a "currency headwind". I also noticed that National Grid and Drax fell today too - could Labour have floated some nasty tax or something?
I'm holding anyway as I think they have a lot going for them.

[jrphoenixw2] 19/9/2024 18:34

Todays volume: 3.2mm
Average vol: 2.2mm
Divergence = +45%, looks like someone offloaded a slab there, wonder if an RNS will follow...

[bountyhunter] 19/9/2024 16:16

Agree 100%.
Hopefully there is some hidden value in at least the FTSE 250 stocks to be realised based on fundamentals vs the US equivalents, but I don't hold out much hope for the majority of the AIM market!

[jrphoenixw2] 19/9/2024 16:12

BH @ 4308: 'It is a dire reflection on the performance of UK markets Vs the US however!'

Also a dire reflection re: the depth of government meddling in UK listed sectors - what is the next targeted sinning sector going to be, oil, tobacco, motor manufacturers legally required to sell e-cars no one wants, unhealthy food, banks, 'profiteering' renewables? Does any of this happen in say the US?

Also how pension companies have had to divest heavily from the stock-market (risk) and load up on bonds instead (kerching for the govt obviously.... just a coincidence I'm sure [balls]).

So who invests in UK PLC shares now? UK trackers, minor international diversifiers and value opportunists scooping up outright no brainers?

[skinny] 19/9/2024 11:00

No change!

GBP Official Bank Rate 5.00% 5.00% 5.00%

[bountyhunter] 19/9/2024 10:58

It is a dire reflection on the performance of UK markets Vs the US however!

[skinny] 19/9/2024 10:56

"I'm beginning to wish I was American."

I wouldn't go that far!

[bountyhunter] 19/9/2024 10:55

That makes the point even more strongly! I'm beginning to wish I was American. From that multiply your portfolio by up to 7 times depending on when you started investing!

[skinny] 19/9/2024 10:52

I just posted this on the LIO thread - a quarterly comparison since the FTSE began in Jan 1984.

[bountyhunter] 19/9/2024 10:45

Cheers Skinny.
No change in 15mins time, or will the BOE surprise which might see this mornings losses reversed?

Generally the UK market has shockingly underperformed vs the US over the last 5 years (and longer!):



The AIM market (pink line) has performed the worst. I wish that AIM shares had never been allowed in ISAs as was the case originally, as my worst performers have been in that sector although only part of a diverse portfolio.

[skinny] 19/9/2024 09:25

Interesting bounty - thanks.

[skinny] 19/9/2024 09:24

FWIW :- HSBC raises SSE price target to 2,220 (2,200) pence - 'buy'

[bountyhunter] 19/9/2024 08:42

Thread trimmed with a small section added at the end about three of the largest cable producers. Click on the chart for an article about the top 10.

[bountyhunter] 19/9/2024 08:04

Final divi paid today (40p)

[skinny] 18/9/2024 13:31

I cashed some money for the first time in ages last week and not only was the machine dispensing £50 notes, but also with Charles on - it still seems strange seeing him on the notes.

[wad collector] 18/9/2024 12:59

Yes those security lines make King Charlie look troubled!

[bountyhunter] 17/9/2024 20:37

Thursday for Final Dividend Payment (40p)

[bountyhunter] 17/9/2024 18:51

I must say Skinny that he looks a bit somber on that note at first sight! I prefer the ones with his Mum on.

[bountyhunter] 17/9/2024 18:50

NEXANS +5.92% today

This contract with SSEN announced today is probably the reason for that..

Nexans awarded contract for first transmission link from Orkney Islands in Scotland

Paris, France – September 16, 2024 – Nexans, a global leader in the design and manufacturing of cabling systems and services, has signed the contract for the Orkney Link by SSEN Transmission following the capacity reservation agreement signed in November 2023. The significant contract includes both the production and the installation of the cable. The 220kV high voltage alternating current (HVAC) cable will be largest capacity cable connecting the Orkney Islands to mainland Scotland and will span 53 km offshore and 16 km onshore route in total in Finstown, Orkney and Dounreay in Caithness, UK
...
The significant contract includes both the production and the installation of the cable

[skinny] 17/9/2024 17:44

A new all time high @2,019.00.

[bountyhunter] 13/9/2024 19:21

I've created a NEXANS thread for anyone interested.



NEXANS is a leading producer of cables essential for all types of electrical transmission.

NEXANS recent invested 90 million euros to support the growth of offshore wind in Europe.