Ripley94
09 Nov 2018
Barclays view DRX… Have not looked at this for 3 years seems to have done ok .
MNKGV
06 Jun 2018
Re: Unit four conversion Should be coal fired but gas will do, at least the conversion from wood to gas won't be too difficult in the future. We will be waiting a long,long time, before they get the new 'nukes' up and running, if ever.
Happy Rabbit
06 Jun 2018
Unit four conversion Unit four has now been taken off line, and the conversion to biomass begins.Will be complete in late summer.Hopefully the approval to rip out units 5 & 6 will be given soon, and their replacement with gas turbines can begin. Drax intend to use the existing low pressure turbines and generators from the coal units as part of the conversion which should greatly reduce the cost. Excellent news.I will continue to top up my modest holding throughout the year.Regards,
Happy Rabbit
21 May 2018
Carbon capture project Good news this morning regarding the new carbon capture and storage/re-use project announced by Drax.Hope this goes further than previous projects. Rather than pump the gas down in to old oil wells, the hope here is that the captured co2 will be stored under pressure for future use in industrial processes.Sounds reasonable, but we will need more details.Regards,
Doggedly persevering
21 May 2018
Re: Subsidy junkie? The company is hostage to, and dependent on, government energy policy and subsidies - and been badly burned before. It’s more of a gamble than an investment as who knows which way they will turn next, unless Drax come up with something that consumes the wrong sort of immigrants.
MNKGV
21 May 2018
Re: Subsidy junkie? RW, The whole of the renewable energy 'industry' ( solar,wind,tide ) is, to a large extent, subsidized by 'us'. Throw in corruption and self-interest and it is a complete farce. Even the great hope of 'cheap' energy from nuclear is now revealed as a lie , worse, our involvement in new designs died when the CEGB was sold off. All 'we' can do, is try and guess who will make money and invest .
nk1999
20 May 2018
Mail- Midas "MIDAS SHARE TIPS: Energy firm Drax might energise your share portfolioJoanne Hart, Financial Mail on Sunday Published: 21:51, 19 May 2018 | Updated: 21:51, 19 May 2018 Renewable energy now accounts for more than a quarter of all the power produced in the UK. The statistic is impressive but Government targets are much more stretching, with a goal to reach 30 per cent by 2020 and considerably more over the next decade.Drax is well positioned to help drive this change. The shares are 350¼p and should increase in price as the company expands its renewable energy business and develops other, related, divisions. There is a commitment to rewarding shareholders too, through dividends, share buy-backs and one-off payments so the stock has an attractive yield for income-seeking investors..............Analysts expect underlying earnings to increase by 9 per cent this year to £250 million, rising to £300 million in 2019. The dividend is forecast to grow from 12.3p in 2017 to 14.2p in the current year and 15.6p in 2019.Midas verdict: Drax is contributing to the UK’s renewable energy future and delivering for shareholders at the same time. A good, long-term buy, with generous dividends too."Read more: [link] Follow us: @MailOnline on Twitter | DailyMail on Facebook
Happy Rabbit
19 May 2018
Re: Subsidy junkie? Have a read;[link]
Happy Rabbit
18 May 2018
Re: Subsidy junkie? Complete and utter rubbish. You need to research a few actual facts.
Richard Woollaston
18 May 2018
Subsidy junkie? I'd be quite wary of investing in Drax for anything but the short term. In effect, the company no longer operates in a free market as it's biomass generation is very heavily subsidised. There is a lot of disagreement on how green Drax's biomass generation actually is; I recall that the CO2 emissions from felling, processing and shipping the pellets from North America alone account for approaching 50% of the emissions from using coal to generate a similar amount of energy. Then the biomass itself emits roughly the same CO2 as coal per unit of energy generated. When this scam is finally recognised the subsidies will be vulnerable. And I thought the new CEO's performance on Dispatches recently was pretty lamentable - like a man pretending to speak the truth but knowing he was not.
MNKGV
30 Apr 2018
Re: Ding Dong The Witch Is Dead Rudd , lying, now who amongst Drax shareholders would believe that ?
Punilux
30 Apr 2018
Ding Dong The Witch Is Dead Couldn't have happened to a nastier person. I look forward to Amber's explanation regarding what she "understood" regarding Drax. Somehow she claims that she didn't read any briefing or memo regarding immigration whilst Home Secretary so why bother knowing anything about the company that supplies circa 8% of power for Britain whilst Energy Secretary? The mind boggles as to what she spoke to EDF and the Chinese about. Perhaps she thinks that they will be building/financing a plant powered by nuts. Now she can return to representing her banned father, tony Rudd, on boards of directors
in4apennyin4amil1
26 Apr 2018
Re: Rise today I think the share buy back has triggered it. Good move by Drax to do so close to the recent lows. I think the rise in Crude Oil and corresponding increases in gas and power have helped too.The Dispatches documentary the other day was a damp squib as well so any negative effect from that soon disappeared.Let's get some momentum going back to £4+
trader jack
26 Apr 2018
Re: Rise today It seems that merrill Lynch has "raised "DRX to BUY with a target of 425pence per share.If you google "Merrill Lynch raises DRAX to BUY" you will find an FT article and the comments are the last but one paragraph. I would have just copy and pasted it but when I tried before the actual paragraph I got a piece saying that I would be in breach of copyright, so I thought better of it!Let's hope they are right and some of us poor shareholders might get our heads back above water.....Kind regardsTJ ● BoA Merrill Lynch upgraded Drax to “buy” with a 425p target price, largely on the prospect of cheaper biomass feedstock supporting earnings. The majority of Drax’s profit is now underpinned by long-term government subsidies, meaning the power station owner can invest for growth or return cash to shareholders, Merrill said.“We think Drax is 40 per cent cheap in our central scenario, which is conservative. The shares could double in a blue-sky outcome. Risk is asymmetric and heavily skewed to the upside, with strong cash generation driving a free cash flow yield of 15 per cent from 2019. Lower biomass fuel costs could be a key value driver and enable a [power] plant life extension beyond 2027.”
CASTLEFORD TIGER
26 Apr 2018
Re: Rise today The buy back program starting has tightened the market?Tiger
