Sse Share Discussion Threads

[hubs] 31/3/2014 22:34

well read, zcaprd7.
As a long term play, with the dividend as stated, who sees this positively?

[zcaprd7] 31/3/2014 16:05

... Or not!

[zcaprd7] 28/3/2014 20:46

Chart looks coiled for upwards movement...

[philo124] 28/3/2014 07:54

Exactly. "Only" 6 mill peeps changed supplier last year- I am surprised it was more 600,000 with the hassle that goes with it.

[redartbmud] 28/3/2014 07:47

Watching CNBC this AM. One of the commentators said that current spare capacity was 2-4%. The margin should be 5-10% minimum. A serious cold snap would have potential problems now. The energy cos cannot invest whilst the market conditions are opaque. The 2 year term for the competition review kicks the problem into the long grass for the election in 2015. UK gas/elect prices are some of the cheapest in Europe. What is the problem? The market isn't broken.

[philo124] 27/3/2014 22:45

Question tiem bbc 1; "no energy policy for 30 years" -exactly.

[philo124] 27/3/2014 19:20

Worth reading the CNA repost today. That's the kind of talk we need.

[wad collector] 27/3/2014 17:06

Which as Mandible points out , does give the energy suppliers a security. The future supply is tenous - no Government can afford to let the generators fail. The sellers can fail but not the generators.
SSE of course does both.
I can't think of a better place for my money right now so will continue to hold.

[redartbmud] 27/3/2014 14:45

If the politicians aren't careful the laws of supply and demand will impact prices upwards in the future. Coal fired power stations are being taken off stream, and nobody will commit £billions to replace them in the current climate.
All well and good for the Ovo type tiddlers at present, but even they cannot buy what isn't there.
When will the lights start to go out?

[mandible] 27/3/2014 13:04

One thing to keep in mind as an investor when moaning about stocks such as SSE, is that while politicians may interfere in the ability of the business to make exceptional returns, it is also unlikely that they would force it/allow it to go bust by choking off reasonable price rises when oil and gas prices rise.. or new investments are required. Providing the management don't go ape, then they are guaranteed a right to carry on.

Other businesses in unregulated private markets have absolutely no such protection, for example, if the price of raw materials goes against them or their equipment becomes obsolete, then it is so much easier for the enterprise to simply collapse with investors paying the price.

[skinny] 27/3/2014 12:34

27 March 2014

PROPOSED GB ENERGY MARKET REFERENCE

SSE believes that the energy market in Great Britain is competitive, has brought significant benefits for customers, and that much has been done in recent years to make it more transparent and easier to understand, ranging from greater liquidity in the wholesale electricity market to simplification of tariffs in the retail markets. In addition, there has been significant investment in energy infrastructure - SSE alone has invested over GBP7bn in the last five years.

Nevertheless, many of the key features of the energy market have become politically contentious and been subject to significant change designed to achieve a mixture of objectives. Ofgem states this morning that it believes a referral offers the opportunity 'once and for all' to clear the air. SSE has demonstrated consistently its appetite for reform that is in the interests of customers and during the forthcoming consultation will argue constructively that a market reference should provide a platform for achieving greater political and regulatory stability for the GB energy market, for the benefit of customers and the investment in the country's energy system that they need.

Alistair Phillips-Davies, Chief Executive of SSE, said:

'Regulators, politicians, customers and SSE all want the same thing: an energy market that not only works for customers, but is also trusted and seen to do so.

We welcome any efforts to clear the air, and in the meantime SSE will continue with its positive agenda for customers including its price freeze until at least, 2016.'

This information is provided by RNS

[harvester] 27/3/2014 09:38

Maybe if there is a Scottish yes-vote SSE will escape in part at least the clutches of the UK political meddlers .
Constant interference certainly poses risk of security of energy supply in industry already walking a tight rope .

[redartbmud] 27/3/2014 08:22

Gepetto - poat 1135

Think about it. Energy companies remain in private hands, but they are so heavliy regulated that they are only able to make sufficient profit to maitain the business, but dividends cannot be increased, or indeed they are reduced, over time.
The government does not have the expense of repurchase, which it cannot afford, and which might not be welcomed anyway for many reasons.

Simplistic but eminently possible under Labour.

On the political front I cannot claim to be true blue. Sadly if you put all of the laeders together at present, and put them up against a youngster to manage the school tuck shop, I know who would get my vote. Answers on a postcard please.

red

[philo124] 27/3/2014 07:42

Pity Energy CEO's aren't as clear speaking as the guy that's just been on TV.

[zcaprd7] 26/3/2014 20:09

Let the politicians claim the credit. Sounds like a truce to me...

[codhead1] 26/3/2014 17:26

A very clever piece of accountancy today. Having just signed up to their 3 year March 2017 plan I was concerned I may have jumped the gun but could not believe my findings. Yes they have reduced their prices to take effect of the Government changes BUT they have only taken down the standard price by a lesser specific amount and in my area it turns out the standard price exactly matches the price I have signed up to in the March 2017 plan.So madness not to sign up to the 2017 plan. Although they are still showing a 1 year sign up lock in plan with prices even lower than standard or the 2017 plan so cannot see it staying available for long. I suppose , as with all of them , there is small print with sneaky differences but worth considering if thinking of looking at prices.Can see this as good for customers and new sign ups as who wants smart meters or apps to put the heating on when away from home?

[skinny] 26/3/2014 15:02

You have to smile!



The government and the Labour party have both claimed credit for a price freeze announced by UK energy supplier SSE.

Prime Minister David Cameron and Labour leader Ed Miliband said the freeze was a result of their policies.

[zcaprd7] 26/3/2014 12:45

Well, they only have one man to blame, Red Ed. He doesn't understand that, companies don't pay taxes, their customers, shareholders and employees do.Shareholders dividends are to be maintained (in real terms), customers are have prices fixed, so that only leaves the staff...

[arja] 26/3/2014 10:33

wad collector - usual reaction to job losses but implies they ran the business inefficiently and will now do it differently . but sad for those workers who lose their jobs !

[gepetto] 26/3/2014 09:31

That made me chuckle, red. Despite your deep blue credentials you accuse labour of reckless privatisation?
Sure you got that right?

[redartbmud] 26/3/2014 08:30

What? with the chance of Millipede and Balls up taking over, I doubt it. They will privatise utilities in all but name. Dividends slashed, prices frozen. Business value destroyed.

Just MHO.

red

[wad collector] 26/3/2014 08:30

Surprised the share price has gone up this morning , effectively this is a profit warning.

[philo124] 26/3/2014 08:18

Expect t/o.. by the French.

[redartbmud] 26/3/2014 08:08

Phil

Yes, I would describe his performance on breakfast TV as abject. I am now concerened about the quality of management.


red