Share Name Share Symbol Market Type Share ISIN Share Description
Sse Plc LSE:SSE London Ordinary Share GB0007908733 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  -16.50 -1.0% 1,628.50 4,698,631 16:35:19
Bid Price Offer Price High Price Low Price Open Price
1,626.50 1,627.50 1,639.50 1,624.00 1,638.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 6,826.40 2,516.40 218.70 7.4 16,990
Last Trade Time Trade Type Trade Size Trade Price Currency
18:45:00 O 80,000 1,627.34 GBX

Sse (SSE) Latest News

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Sse Investors    Sse Takeover Rumours

Sse (SSE) Discussions and Chat

Sse (SSE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-24 17:45:011,627.3480,0001,301,872.00O
2021-09-24 17:33:131,629.751,74128,373.88O
2021-09-24 17:30:561,632.847,031114,805.12O
2021-09-24 17:29:481,628.50577,4369,403,545.26O
2021-09-24 17:29:291,628.50571,5489,307,659.18O
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Sse (SSE) Top Chat Posts

Sse Daily Update: Sse Plc is listed in the Electricity sector of the London Stock Exchange with ticker SSE. The last closing price for Sse was 1,645p.
Sse Plc has a 4 week average price of 1,612.50p and a 12 week average price of 1,445.50p.
The 1 year high share price is 1,686p while the 1 year low share price is currently 1,160.50p.
There are currently 1,043,294,663 shares in issue and the average daily traded volume is 2,700,561 shares. The market capitalisation of Sse Plc is £16,990,053,586.96.
marktime1231: Well done SSE for confirming there has been speculation. Actually a good rns, SSE is set for and going for aggressive renewables expansion, investing to create value. The massive capex heralded by 2026 presumably for the big Scottish offshore wind farm is it 4GW, and / or maybe it is finally going to do something with its hydro venture or battery storage. Funding? Doing so whether or not there is speculation or activisim, and considers any thoughts of breaking up the company are secondary to getting on with the plan. A comforting firmness in the share price on a bad markets day, because SSE is worth it. Ruling nothing out, what did you expect them to say, so it won't stop those bent on speculation in the run to interims on 17 Nov.
marktime1231: Thanks bountyhunter, a good example of the press headlining things like Elliott "has built a stake" only for the article to say lower down that it has not filed a holding or announced building a stake in public or confirmed any of the media reports, no comment from Elliott or SSE. The FT sets rules for itself in these situations, it will want to have more than one independent source or hard evidence before it reports rumours, otherwise you look pretty foolish if you have been whispered in to spreading rumours, indeed you can end up being accused of scheming to manipulate markets in concert with traders, as FT was accused of doing over Wirecard. Others in the media are not so cautious. I'm not saying it is or isn't true, but people repeating what other people have reported does not make rumours in to facts. It certainly is plausible, and it has obviously occurred to others including SSE themselves that there may be more value in the individual parts of SSE than in the whole. Enough has been printed now for punters to want to speculate, and I will trade my own position on the balance of probabilities whether something might come of this. What do you reckon? A 25% chance that the share price might get to £24. A 75% chance that it will fade back to £14 when nothing comes of it. That means trim in the high 16s I think. Where is your money?
marktime1231: Yes Bloomberg were the first to report the rumours in early Aug that Elliott has been stake building, with the thrust that the exciting renewables development part of SSE is where all the value lies while the rest of the company is dull so break it up. Not sure I have seen an announcement of how big a stake Elliott has built, I thought it was a market requirement if the stake was significant. Nor has there been confirmation of these rumours, so they might just be a plausible theory. So here Bloomberg go again, reporting as fact knowledgable but off-record unnamed sources that this is indeed Elliott's plan and that Singer is now actively engaging with SSE insiders and shareholders ... which if true also ought to be made clear in a market announcement. "Elliott Is Said to Push for Breakup of British Power Firm SSE Bloomberg News, Dinesh Nair and Scott Deveau, Sep 13, 2021 (Bloomberg) — Billionaire Paul Singer’s Elliott Investment Management is pushing for a breakup of SSE Plc after building up a stake in the British power company, people with knowledge of the matter said. The activist hedge fund sees value in separating SSE’s renewable portfolio from its regulated electricity businesses, the people said, asking not be identified because the information is private. Elliott has been meeting privately with representatives from SSE, which is based in the central Scottish city of Perth, as well as some of its major shareholders, according to the people. Shares of SSE have risen 36% over the past 12 months, giving it a market value of 17 billion pounds ($23.6 billion). The company has developed clean energy projects across the U.K. and Ireland, with about 4 gigawatts of wind and hydroelectric power assets, according to its website. It aims to triple its renewable power output from 2019 levels by 2030. The company also runs a regulated power grid business in the U.K. and owns a number of gas-fired power plants and energy storage operations. It supplies electricity to 3.8 million customers in northern Scotland and central southern England. Elliott has pursued a similar playbook before with EDP-Energias de Portugal SA, pushing the company to sell a stake in its Iberian electricity distribution business and offload a Brazilian unit to reinvest the proceeds in renewable energy. Shares of EDP’s listed renewables arm have more than tripled over the past four years, and it’s now worth more than its parent company. The SSE investment comes at a time deal activity is picking up in the utilities sector, aided by investor interest into assets offering a steady long-term returns. National Grid Plc is working on the sale of a majority stake in its gas grid business, after agreeing to buy PPL Corp.’s U.K. electricity distribution business for 7.8 billion pounds as part of efforts to prepare for a low-carbon future. ... Betaville was first to report Elliott’s holding in SSE. Representatives for Elliott, SSE ... declined to comment. " If you strip away the padding and the mistakes in this story there is very little content and nothing new. We should take note, but until there is attributable comment from any of the actual parties involved it is not clear what if anything is really going on. But even if it is just a rumour it is a good one so we should watch for another surge in the share price and speculation as to how much SSE might be really worth.
marktime1231: I think "transactions based valuation" means there is more value in SSE assets than currently appears on the book, as evidenced by recent disposals, especially some nimble disposals of stakes in renewables schemes it is involved with. Even the SGN sale was well ahead of book value. SSE has been cleverly selling stakes in its more mature ventures and using the gain to invest in a pipeline of brand new renewables developments (and to supplement the cost of its dividend promises not covered by operational cash flow). Big offshore wind farms etc. There is super strong emerging demand for renewables assets which are close to operational, a short cut for dirty companies which did not have the opportunity or foresight to invest and develop their own. SSE (Elliott) is starting to see the rewards available for its early moves into green assets. I don't think the buyers would be the likes of Equinor or BP, who are already following SSE's example with investment in their own ventures. It will be someone slow off the mark but overflowing with cash from dirty operations, someone who would get left behind by the end of coal and oil and who would be clobbered by carbon taxes. So the perceived enhanced value is in SSE's (renewables) assets, their green value and income potential. Not based on multiples of SSE's current income or profit. Elliott reckons he can sell on a swathe of SSE's assets for a 50% or 100% gain, mostly in the renewables sector, and he may well be right. Presumably the rest of SSE's business left behind would look pretty poor as a result?
jrphoenixw2: == > Tresham: 'The scrip dividend is looking attractive at £14.75'. Interesting point^. The dateline in the headers is incomplete for 2021. According to htTps://www.sse.com/investors/financial-calendar/ 5-Aug 'Scrip reference price announced' 26-Aug 'Final date for receipt of scrip elections' Then per SSE/Reg News htTps://www.sse.com/investors/regulatory-news/ 5-Aug 'Scrip Reference Price' SSE PLC SCRIP DIVIDEND SCHEME The Board of SSE plc ('the Company') confirms that the Scrip reference price for the fully paid ordinary shares to be issued to shareholders electing to receive the Scrip dividend alternative for the final dividend for the year ending 31 March 2021, payable on 23 September 2021, will be 1,475 pence per share. The Scrip reference price has been calculated by taking the average mid-market closing price of the Company's shares over the five business days commencing on the ex-dividend date. In respect of the final dividend for the year ending 31 March 2021, this was the period 29 July to 4 August 2021. If all of the Company's eligible shareholders as at the record date of 30 July 2021 were to elect to participate in the Scrip Dividend Scheme in respect of their entire shareholdings as at such date, based on the Scrip reference price of 1,475 pence per share, the maximum number of shares required to be issued by the Company, for Scrip dividend purposes, would be 40,032,576 representing approximately 3.8% of the Company's issued share capital (excluding treasury shares) on the record date. The exact number of shares which will require to be issued will be established after 26 August 2021 the final date for receipt of elections to participate in the Scrip Dividend Scheme. Shareholders wishing to participate in the Scrip Dividend Scheme should contact Link Group and return their mandate forms to arrive no later than 26 August 2021. Shareholders wishing to withdraw from the Scrip Dividend Scheme should ensure their requests to withdraw are lodged with Link Group to arrive no later than 26 August 2021. Shareholders who hold their shares in uncertificated form should consult their Crest sponsors as appropriate. Scrip dividend timetable for the final dividend for the year ending 31 March 2021 Ex-dividend date 29 July 2021 Record date 30 July 2021 Scrip reference price calculation period 29 July - 4 August 2021 Last date for receipt of Scrip elections 26 August 2021 Dividend payment/Scrip issue date 23 September 2021' -----------------------------------------------------------[End quote]--- Scrip Ref PX 1475p vs market price (at time of writing) 1600p. = A 125p premium for taking the div as scrip. TYVM/Not to be sneezed at etc. ps@ Tresham. Have to laugh at how one of more personally profitable suggestions I've ever seen on ADVFN was made in such an understated fashion!
skinny: SSE PLC SSE AGREES SALE OF STAKE IN SGN FOR GBP1.225BN. SSE has agreed to sell its entire 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) to a consortium comprising existing SGN shareholder Ontario Teachers' Pension Plan Board (Ontario Teachers') and Brookfield Super-Core Infrastructure Partners (Brookfield) (the Consortium). The transaction is based on an effective economic date of 31 March 2021 and is for a consideration of GBP1,225m in cash. It is expected to complete within the current financial year and is conditional on certain regulatory approvals. SSE initially acquired a 50% equity share in SGN in 2005 for a total of GBP505m, before selling a 16.7% stake to a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) in 2016. The Consortium has also agreed to acquire the 16.7% stake in SGN owned by ADIA. SGN includes Scotland Gas Networks plc and Southern Gas Networks plc, two of the eight regulated gas distribution networks in England, Wales and Scotland, in addition to SGN Natural Gas Ltd, which provides gas to customers in the west of Northern Ireland as well as other non-regulated ancillary businesses. SGN is focused on sustainability, having committed to ensuring all its business operations are net zero by 2045, and is taking a leadership role in supporting the transition to a hydrogen economy. This deal will conclude SSE's GBP2bn plus disposals programme announced in June 2020, with total proceeds amounting to over GBP2.7bn. The programme has realised significant value from non-core assets while intensifying SSE's strategic focus on its core low-carbon electricity businesses and the transition to net zero. SSE's strategy is to create value for shareholders and society in a sustainable way by developing, building, operating, and investing in the electricity infrastructure and businesses needed in the transition to net zero. Its strategic focus is on renewables and regulated electricity networks, businesses which have strong, net zero-aligned growth potential with common skills and capabilities in the development, construction, procurement, financing, and operation of world-class, highly technical electricity assets. The other businesses retained in the SSE group are highly complementary to this low-carbon core. The disposal proceeds will reduce net debt in the short term and will help support the delivery of SSE's capital investment plans. As indicated in May, SSE will provide an update on these plans at its interim results in November. Gregor Alexander, Finance Director of SSE, said: "SGN has been a hugely successful investment for SSE during the past 16 years. It is a strong business delivering consistently for customers and will have a key role to play in the future development of the hydrogen economy. However, it has become purely a financial investment for SSE as we have sharpened our focus on our low-carbon electricity core, and it is therefore the right time for SGN to continue to thrive under new ownership. "We see significant growth opportunities in our core networks and renewables businesses in the transition to net zero and the capital we are releasing through our disposals programme will help enable us to maximise the delivery of our low-carbon electricity orientated strategy and ultimately create sustainable long-term value for customers, shareholders and society. Completion of our disposals programme will leave SSE more streamlined and strategically aligned than ever before, with a business mix that is very deliberate, highly effective, fully focused and well set to prosper on the journey to net zero and beyond." In total, Ontario Teachers' will acquire an additional 12.5% of SGN and Brookfield will acquire a 37.5% stake in SGN. StepStone Clients are participating in both the Brookfield and Ontario Teachers' investments. This means following completion of both transactions, SGN's direct shareholders will comprise Ontario Teachers' (37.5%), Brookfield (37.5%) and OMERS Infrastructure (25% unchanged). The Transaction constitutes a class 2 transaction for the purposes of the UK Financial Conduct Authority's Listing Rules and, as such, does not require SSE shareholders' approval. At 31 March 2021, SGN had a regulated asset value (RAV) of GBP6,003m, and SSE's interest in SGN had a carrying value of GBP744.4m and contributed GBP88.6m to the Group's profits after tax for the year then ended. Morgan Stanley and Credit Suisse acted as financial advisers and CMS Cameron McKenna Nabarro Olswang LLP as legal advisers to SSE. Nomura acted as financial adviser and Freshfields Bruckhaus Deringer LLP acted as legal advisers to ADIA. Evercore acted as financial adviser to Ontario Teachers' and Linklaters acted as legal advisers to the Consortium. ENDS
bountyhunter: Net zero strategy, focus on renewables and disposal of non-core assets, all progressing on track. "Good progress continues to be made on SSE's disposals programme which is on course to realise more than GBP2bn from the sale of non-core assets and businesses that are not a good fit with SSE's net zero strategy. The sale of SSE's Contracting business to Aurelius, first announced on 1 April, was successfully completed on 30 June 2021. As reported in May, SSE has initiated a sale process for its stake in SGN, targeting an agreed sale by the end of the calendar year."
marktime1231: Well having read through sections of SSE's reports I agree with Deutsche Bank, who upgraded to a Buy and set a share price target of 1670p, that there is plenty of opportunity and the board are exploiting returns from its developments in new energy. Quite a contrast from the DB who spent most of the last five years shouting that SSE was a Sell for all sorts of reasons and drove the share price down to nearly 1000p. Also in contrast Jefferies who do not see where SSE are going to get the cash flow to invest in its new energy plans and consequently downgraded to a Hold with a target share price of .... er ... 1680p. You idiots. Either way the approaching dividend is so attractive I expect the share price to rise to meet it even without more good trading news, and added some to my income ISA holding yesterday using proceeds from the sale of SMDS which has a cardboard-thin balance sheet.
marktime1231: The boosts from exceptional gains on the disposal of non-core thermal assets and EPM (which is the black box horse-trading and hedging of energy commodity futures) have bypassed the adjusted results. Presumably after tax these have gone straight to net debt reduction which looks impressive? More disposals on the way, but maybe not at such a premium? I thought these results were a justification of the share price improvement from the 1300s in March, and SSE was honest in raising expectations quite accurately ahead of time rather than surprise us with a beat. The final dividend is going to be very welcome. The long read over the weekend will be to see what is says about losing out to BP on the seabed auctions for the next wave of offshore wind projects, the price paid for the prize location in the Irish Sea to supply the North West was astonishingly high which the winner shrugged off saying it was just a fraction of the total capex involved and its modelling of the returns was still excellent. SSE barely commented at the time, I imagined them mumbling something about plenty more fish in the sea. If it has the capital to splurge, from disposals and green bond issues, where else is SSE going to invest to realise its green ambitions?
indianspan: With the coronavirus outbreak still causing uncertainty in the market, now could be an excellent time to buy defensive shares. The market is likely to remain turbulent for some time. Financial analysts are still trying to determine the impact that the virus will have on the global economy. With more uncertainty on the horizon, I think buying defensive stocks could be a great strategy to weather the storm. Defensive dividend share Unlike other FTSE 100 businesses, energy company SSE (LSE: LON:SSE) is committed to its dividend. In a recent trading update, SSE announced its board would be recommending a full-year dividend of 80p per share. If the business maintains its dividend, I believe income investors who might be considering selling their positions in Shell (LON:RDSa) or BT could seek out SSE shares. The business acknowledges that there is a possibility that the economic fallout of the coronavirus outbreak may harm its results. It is a situation that the company is monitoring closely, but “has not so far had any material impact on SSE’s financial results for 2019/20”. As a clean infrastructure business, SSE might avoid the worst of the economic damage caused by the virus, unlike other industries. As the demand for cleaner energy increases, I would expect this to have a positive impact on SSE’s revenue growth and profitability over the long term. This outlook will please buyers of defensive shares and growth investors alike. SSE shares are currently trading with a prospective dividend yield of 7.5%. The business hopes to increase its dividend payments in the coming years to at least the rate of inflation. With SSE’s generous dividend and defensive nature, this could be a great share to buy and hold. British American Tobacco (LON:BATS) Tobacco stocks have been out of favour with investors for some time, due to overall consumption declining in many places around the world. Of course, the volume of cigarettes sold will probably continue to decline in the future. So far, tobacco companies have managed this reduction in volume by increasing prices. However, in a recent update, British American Tobacco (LSE: BATS) said it had a strong start to the year, with volumes increasing by 0.4%. Despite the ongoing uncertainties surrounding the impact of coronavirus, the company is committed to its high single figure earnings growth target for 2020. This will please buyers of defensive shares, who are on the lookout for stable earnings in times of economic uncertainty. Despite this, its share price is down by 6% in the year-to-date. Consequently, the shares have a price-to-earnings ratio of 10. In the future, BATs plans to increase margins further and to convert 90% of adjusted profit into operating cash flow. The group is conscious that customers will move away from cigarette products. It has an ambitious aim of reaching £5bn of revenue in its alternative tobacco and nicotine products. With the slump in its share price and defensive qualities, now could be a great time to invest in the company. The post Defensive shares: I’d consider investing in these 2 FTSE 100 stocks appeared first on The Motley Fool UK. T Sligo has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2020 First published on The Motley Fool
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