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SSE RBC
had its share price target hiked slightly to 1,825p from 1,800p as its renewable prospects "remain strong through the energy transition, and we believe the company has a robust operation in the UK wind market, with attractive global expansion opportunities".
So why does SSE refuse to 'breakout'well above £16 ? It is a 100% Renewable Energy utility so oil price shouldn't affect it except for impact on wind turbine investment. Cannot understand the sp wild swings here, 2% down today whilst the UK Govt raised the utility price cap yesterday, surely that's a positive for SSE !!??
Clued - If we could work out how the market will react to news we'd all be zillionaires.
Equally as frustrated as you, but as long as we're making money.......
SSE PLC on Tuesday upgraded its expectations for adjusted earnings per share following a strong performance in the year so far.
The Perth, Scotland-based energy company now expects adjusted earnings per share of at least 90 pence for its full-year ending March 31, up from previous guidance of at least 83p.
SSE attributes this to strength and stability from its "balanced mix of regulated and market facing businesses". Strong performances were seen from its flexible thermal and hydro plants.
Why up today? Surely the ill wind blowing and generation therefrom is not that significant?
The provisional results of the latest T-1 capacity auction in Great Britain were published on Tuesday 15 February, with a total of 4,996GW in capacity contracts awarded to electricity generators at an auction clearing price of £75/kW.
SSE Thermal has provisionally secured contracts for 2,293MW of de-rated* electricity generation capacity for the delivery year 2022/23, which runs from 1 October to 30 September. This includes its Keadby 1 (723MW), Keadby 2 (812MW) and Medway (668MW) gas-fired power stations, as well as its smaller embedded plants at Burghfield (45MW) and Chickerell (45MW). All of SSE Thermal’s other generating units have existing contracts for 2022/23.
Taverham
Shares go up and down trend is our friend and 1 billion rev the Share up for sure...
Massive rise today...
https://www.marketbeat.com/instant-alerts/lon-sse-a-buy-or-sell-right-now-2022-02-2-3/
well, this is rather nice.
GOOD RISE SOLD GOT THE DIV 2
managed to sell at 17.01 yesterday and then towards the close had an alert at 17.08
May have missed out on a few a points but happy with that.
They do have a tendency to move about some ....
Why is the divi being readjusted in 2024 as per HL's comment:-
The group intends to offer an 81p dividend for the full year, which will be adjusted upward for inflation. This will be reset to 60p in 2024/25 with 5% increases in the following two years.
Because the company cant afford to kepp paying a high dividend in the new price control formula period which has reduced assumed cost of capital. it is all on the Ofgem website if you want to trawl through and it is all being done to reduce consumer bills. Lol.
Meeten
I sold yesterday two going for gold atm and cash
It pre-dates that. RNS Number : 6096S, SSE PLC, 17 November 2021: SSE'S NET ZERO ACCELERATION PROGRAMME (including, inter alia):
"Growth-enabling dividend, paying at least £3.50 per share across the five years, comprising:
o completion of current RPI linked dividend plan to March 2023
o followed by a rebased dividend to 60p in 23/24 with attractive annual growth of at least 5% to March 2026
o scrip dividend option capped at 25%".
Obviously there will be a constraint on the dividend ahead because of Ofgem cap but may not be severe.Better bought in recent dips around 1200 unless there is a global recession not much chance seeing that again
The issue I see with SSE moving forward is the yield becoming lower than inflation, especially with the lower dividend on the horizon no matter the prices of energy. Also SSE is currently seen as an income / value investment rather than a growth investment. (The same drop in SP could happen as has happened to BP, since they halved their dividend, despite the oil prices soaring. )
Anyone else take some profits in the blue sky moment today ?
SSE is one of my largest holdings but I top sliced a large chunk today at 1708 which I'm looking to buy back lower.
We'll see..
Cheers all and GL
Well got that wrong... Missed out on 25p per share with my top slice. We'll see. Plenty of time before next div.
If they cut the divi 25% from ~80p to 60p I'd expect to see the same happen to the share price, but the SP seems to be remaining strong. I'd value the share at about £12, What am I missing?
I am wondering that myself.They have said they will rebase the divi to 60p in fy 2024 making the yield at present price approx. 3.5%. I see no reason for the price to rise at all.
r1234
''What am I missing?''
a brain
Please impart some wisdom then.
r1234
The reduction in dividends in 2024/5 is so that more money can be invested.
Also SSE currently has debt of about £9 Billion.
Since the announcement the share price has been increasing.