Sse Share Discussion Threads

[lord gnome] 17/9/2014 14:25

Could see one heck of a relief rally if we get a 'no' vote tomorrow.

[wad collector] 17/9/2014 09:01

OK , hands up , who is bored rigid with debates about Scottish Independence?
Nothing personal harvester , and I agree it is relevant to SSE , but I have turned off radio 4 for the next 3 days , and suspect that in 3 days time the sun will still rise in the morning and the M74 will still be open...

[harvester] 12/9/2014 19:06

While renewable energy generation is heavily subsidised by the UK , independence would not immediately terminate the subsidies receivable by SSE , I presume .
The company would have contractual rights for continued receipt of existing subsidies , having committed to investment on assurance of subsidy support .
A yes vote would cause a financial market set-back temporarily but recovery thereafter in my opinion. England and Scotland are too interdependent to suddenly isolate themselves from the trading partner on the other side of the border .
Energy supply is not abundant in England or Europe . Consumption is creeping up all the time and will do more so when more electric cars are coming onto the roads . Some motorway service stations already have electric charging points . There will be plenty of buyers for SSE electricity no matter what happens in the referendum.
The market hates uncertainty and there are vested interests politically and financially who do engage in scaremongering. The hedge funds love the increased price volatility generated by situations like this .
The most likely outcome is still a "no" vote but in that event Scotland will have gained extra favours by the last-minute promises made by the Westminster parties .

[skinny] 12/9/2014 10:03

I think most of us do :-)

[wad collector] 12/9/2014 09:56

Skinny , that just shows how useless the broker recommendations are ; targets of 1280 and 1580 are so disparate that it is clear that at least one of them is going to be wrong . So you might as well make your own guess.

[skinny] 12/9/2014 08:19

JP Morgan Cazenove Underweight 1,465.00 1,485.00 1,200.00 1,280.00 Reiterates

[pavey ark] 11/9/2014 19:52

thuja2, a bit OTT there. My main complaint has always been the lack of awareness of the dreadful consequences of a YES vote.
The narrowing of the polls was a massive wake up call and has forced everyone to come to their senses.

Salmond has a 15/20% "Braveheart" vote with perhaps 20% he has managed to con but they will melt away with a NO vote leaving the vast majority of people relieved or unmoved.
The truth is that a very large number of Scots simply did not believe it would/could happen then YES stated that ridiculous (and utterly false) story about the NHS being in danger with a NO vote and the polls narrowed.



I agree that Salmond has created nothing but trouble and a YES vote would only be the start of a truly desperate time for the people of Scotland but a NO vote would see thing getting back to normal quite quickly.

Some of you may like this one, as the advert goes, "these guys are good"

[thuja2] 11/9/2014 18:33

Scotland will be torn apart whoever wins, the Yes voters will say that things would have been better if they had won and visa versa, this will affect Scotland for generations Well done Alec Salmon you have divided your nation.

[skinny] 11/9/2014 10:27

RBC Capital Markets Sector Performer 1,471.50 1,445.00 1,500.00 1,580.00 Reiterates

[redartbmud] 11/9/2014 09:38

Is it beyond the realms of possibility that Scotland votes yes, but then the politicians cannot seal the deal in some way?
Where would that leave things?

[mjcferguson] 11/9/2014 09:23

Totally agree Pavey.Scary times up here in North of Scotland.Most people I know are no voters but keep quiet.One friend normally easygoing but a yes voter becomes rabid when you challenge him.Recites Salmonds garbage and asks if we are real Scots!
Amusingly has suggested he will leave the country if No vote wins.His wife is a no voter and has threatened to leave the country if the yes vote wins!Could be interesting.

[cyberian] 11/9/2014 09:22

PA..well stated and agree 100%. There will be limited international funding/appetite for Scotland to help them sustain investment/growth in the event of a yes vote. The currency union will not happen and the value of an alternative currency will see a possible massive devaluation and a huge jump in interest rates effecting mortgages etc....absolute chaos, and voters better wake-up PDQ. The BOE could have a problem over the 18 months of negotiation IF a yes vote, but Governor Mark Carney is not stupid and will not expose the remaining UK tax-payers to be exposed to any indebtedness/exposure needed to support Scotland. An independent Scotland would not be able to repay such financial support which will be needed. I am not too sure how Carney will be able to keep Scotland afloat over the negotiating period, but as I say he is not stupid and will have a plan. Feel a bit sad for Scotland as they are being mislead in my opinion over the financial realities of the global markets, and their possible exposure. There are so many more important global issues which the UK Government is trying to address...this self indulgence by the SNP is grossly misplaced at this time. The UK's current economic position is far superior to that of many of our neighbours and I kinda deplore this unnecessary diversion.

[wad collector] 11/9/2014 09:21

A few SNP activists up ladders with hacksaws?

[pavey ark] 11/9/2014 09:16

As I'm on the SSE board I'm very pleased to make a specific comment about SSE.
The big problem for SSE would be any renewable generation they have.
Scottish electricity prices will rise (significantly) as Scotland has a high percentage of the UK renewable generation but this is subsidised by the whole of the UK and used by the whole of the UK.
With separation the subsidy ends and rUK can import low carbon energy from France (nuclear) , Norway and the Netherlands.
rUK has the interconnectors in place and does not need to do any business (electrical generation) with Scotland.
Where that leaves the SSE generation in Scotland I'm not sure.

Just to add that the distribution systems were joined fairly recently and I understand it would not be a big deal to separate them.

[wad collector] 11/9/2014 09:04

The other way to look at it , is as a trading opportunity here. The share price swings are not massive , but enough to make a few percent . And in the end ... it will probably make little difference to SSE either way I suspect.

[pavey ark] 11/9/2014 08:18

gbb483, I certainly think that most people would think twice about putting a "NO thanks" sticker on their car or house window.
My believe (fervent hope) is that it will follow your prediction.
Salmond has got away with the most ridiculous claims and the scottish media has not challanged him.
Scottish business has been frightened to speak out because of the threat of retaliation from a very vicious SNP government.
The BBC has behaved disgracefully (witness the second live debate) and has not at any time offered anything like a realistic analysis of the ridiculous economic model set out by Salmond.(I for one will never forget or forgive and I suggest that everyone review their opinion of the BBC)
Only in the last week have we seen business leaders/ economists pointing out that Salmond's vision would not only hurt rUK (in the short term) but plunge Scotland into a very deep and prolonged recession (7/10 years minimum).
What realy gets me is that the people that will be most hurt by this are the people that the Nats have managed to fool into supporting them.
Sorry about the rant but here's a link that some may find interesting

[gbb483] 11/9/2014 07:25

It sounds like the YES supporters are behaving like intimidating thugs. Once people have the privacy of the voting booth you could see a massively different outcome.

[lord gnome] 10/9/2014 23:27

'No' vote is back in the lead. Panic over? I certainly hope so.

[bonnard] 10/9/2014 20:01

I'm out today. Sadly. But this company is going to be a political football with the Scottish debate and following that with the UK general election next year. There are other shares with similar dividends but without the risks associated with a Scottish energy company.

[veryniceperson] 10/9/2014 16:48

That's Skinny/sicker.

I brought the shares after they went ex dividend the time before last at 1413 happy with that. Thinking about picking some more, taking a little gamble. I don't think the Scottish will vote yes. I buy for dividends so shall hold on to them

[sicker] 10/9/2014 14:38

Veryniceperson, to get the .607p dividend next week you would have to have held your shares on 27th July, the ex-div date. The shares you appear to have purchased in the last day or so do not qualify for that dividend. You will get the next interim dividend if you hold these shares on the next ex-div date round about the end of January 2015.

[skinny] 10/9/2014 14:28

VNP - for your

[veryniceperson] 10/9/2014 14:26

Sorry sicker. I ment how many pence per share next week. Post before said 27p in March. Apologies for not making it clear.

[sicker] 10/9/2014 13:39

If you mean dividend, .607p. If you mean share price, not got a clue :-)

[veryniceperson] 10/9/2014 13:21

Could someone please tell me what we will get per share next week. Would be very grateful.