Scottish & Southern Energy Live Discussion

PrefInvestor1 27 Sep 2018

Sse warning Glad to hear that @kool_keith. SAGA just about scraped through their results I think, were down about 3% at one point but have now recovered and are up a little bit. I bought when I thought they were recovering in a rising trend, but they have fallen back and I am ~5% down now. Still they were worse than that. SLA at 312.9 ATM so not far away from my limit, just might sneak in there. Utilities doing slightly better today and my stop losses dont look like being hit. CNA up 1.5% so cant be bad, so Im up >10% there now. More than funding UU which is 5% down . SSE & NG up a smidge too. I am waiting for another Solar Panel guy to come and see me today. Getting close to placing an order. Personally I reckon electricity bills are going to go up a lot in the future, especially when electric cars are more common, see link below:- the Guardian – 9 Jul 14 Price of electricity could double over next 20 years, says National Grid Pipes and pylons operator says failure to invest more in local gas production would leave country 90% dependent on imports In particular note the price agreed with EDF Energy to produce electricity from the proposed new nuclear power plant at Hinkley Point in Somerset from 2023. This is double the price now… ATB Pref

Kool_Keith 27 Sep 2018

Sse warning Thanks for your concern @PrefInvestor1, while I could of done without the poor result from AA it is a small part of the overall portfolio, went in with eye’s open knowing it was a risky share with all that debt, as mentioned elsewhere I don’t like companies with a lot of debt and this is a reminder why! Unlike SSE I’ve no plans on averaging down with AA. I’m suprised VOD hasn’t rallied but that’s why I don’t have (or want) a job in the city. I don’t want to get into politics but did you watch Trump last night? He talks a bloody good game for the American people, as a non-american, no view on American politics, can’t help but like the bugger, unless you’re holding Chinese companies in your portfolio, which I’m not…directly anyway. Hoping for a better day today, good luck with SAGA today.

PrefInvestor1 26 Sep 2018

Sse warning hi @kool_keith, well you’ve been unlucky to have 2 x10%+ lightning strikes on your portfolio quite close together. Hope the damage isnt too significant (you know how I feel about big holdings !). Results days are always russian roulette though arent they ?. Ive got SAGA reporting tomorrow, no idea how thats going to go - whole insurance sector not great so not optimistic. Perhaps I should have sold today ?. Kier was my worst performer today down ~4%, though it had turned the corner with its results last week. Should have sold out at 1100+ I guess. My guess is that the shorters are still at work, but they will have to pay out the 46p dividend tomorrow - I hope it really hurts !!! Got 4 stocks on my “sick list” ATM those being CRST, CSN, SSE & VOD (just). Just holding for now. ATB Pref

Kool_Keith 26 Sep 2018

Sse warning Hi, sorry for slight delay @PrefInvestor1 not got much to say but portfolio down today due to my exposure to AA makes you need the AA but not the AA I’m invested in! I’ll sit and suffer and just not look (ostrich investing approach). SLA hovering about your price target ITV had looked at them 18 months back decided against it no real reason just didn’t pull me in CAML performing very well for you, always a need for copper VIN I’m in, steady yield and good discount to NAV for the buyout, need to refresh myself on the aspect.

Hydrogen_Economy 26 Sep 2018

Gas Discovery and wind buy-out At last some positive news for SSE, hopefully it can help the SP crawl back towards respectability after they ran out of puff during the summer. Total discovery at Glendronach, SSE share 20% of 1tcf is not game changing , SSE share of revenue around 1B GBP over life of field would help. Hopefully more discoveries to come. SSE is also buying out its partner in developing a pair of wind farms in the Firth of Forth and Firth of Tay, paying £118m for Fluor’s 50pc stake in the Seagreen offshore wind projects. Some comment in link at bottom, them 10MW wind turbines look flipping big! Lets hope the structural boys got their calcs right, if the wind decides to overcompensate after summer in the doldrums it could get embarrassing. H2 H2 [link] Total is today announcing a major gas discovery on the Glendronach prospect, which is located in the Greater Laggan Area, West of Shetland. The Glendronach discovery is operated by Total E&P UK with a 60% interest alongside partners Ineos E&P UK Limited (20%) and SSE E&P UK Limited (20%). Total states that preliminary tests confirm good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about one trillion cubic feet (equivalent to around 10 billion therms). It expects that the discovery can be developed quickly with the existing infrastructure around the Edradour field and the Laggan-Tormore facilities of the Shetland Gas Plant, in which SSE also has a 20% stake. SSE has a diverse equity share in over 15 gas producing fields across 17 licences in three regions of the UK Continental Shelf: the Easington Catchment Area; the Bacton Area; and the Greater Laggan Area, in which the Glendronach discovery is located. On 31 March 2018, SSE’s interests in these fields gave it gas reserves estimated at 1.9 billion therms on a net proven and probable basis (2P). The Glendronach discovery is in addition to those. Martin Pibworth, SSE’s Wholesale Director, said: “This discovery represents a major addition to SSE’s recoverable gas resources. Gas production assets are a natural complement to SSE’s interests in gas-fired power generation and gas supply to business customers. They are expected to add to SSE’s earnings from gas production in due course. In the meantime, we will continue to support exploration and appraisal activities around our existing assets.” The Telegraph SSE buys out wind farm partners as it steps up clean energy plan SSE has stepped up its presence in wind power by buying out its partner in developing a pair of wind farms in the Firth of Forth and Firth of Tay.

PrefInvestor1 25 Sep 2018

Sse warning Morning @kool_keith, Am seriously thinking of reducing my exposure to utilities. Have cancelled my buy limit order on SSE this morning and set stop losses on CNA (to take profits) and UU (to stem losses). Dont really want to sell either but if the limits are hit then I will. Profits on CNA will cover the losses on UU. Leaves me with SSE and NG which I will hold for now, figure they are less in labours crosshairs. To me it doesnt matter that they arent in government their sabre rattling still drives the price down for fear of what they are threatening. Have identified a list of possibles as high yield replacements:- RAVP & LLPC – high yield prefs (can stand to hold a small no of these, already have as few RAVP 8%+ yield) SLA (already mentioned this to you) ITV (hold a few, happy to buy more in low 150s) CAML (already hold these now nicely in profit, might buy more on XD date) RECI (had these for a while and they’ve done well, price has dropped just lately, think ill buy more) VIN (because of the future buyout offer) DYOR obviously !. Will need to choose from the above but I have other money ready to deploy as well but holding off right now. Hey maybe CNA & UU will recover… ATB Pref

PrefInvestor1 24 Sep 2018

Sse warning Hi Again @kool_keith, Yes CAML going well ATM but they are very volatile and go down as easily as they go up… But as a very low cost copper producer and given likely future demand for copper (electric cars etc) then I think they are a good bet myself. SLA would be good at sub 310 I reckon (can’t calculate the yield right now as I’m sitting on a bench in a local park typing this on my phone !). But given they were 400+ earlier in the year they haven’t exactly done great. Glad I got out @ 350ish. My MANX telecom have had a storming day today, up a tasty 5.35%. Have to see if there’s a reason for that when I get back home in a minute. US tech doing better than at the open so hopefully SMT, PCA and JUSC will do better tomorrow. £ falling back now too. Anyway ATB Pref

Kool_Keith 24 Sep 2018

Sse warning Hi @PrefInvestor1 your CAML shares are doing you well since you’ve mentioned them think up around 30pps I don’t worry too much about what Labour say or do while sitting on the sidelines, I’ll worry more if they get back into power (not getting into that) but I understand your concerns. I hope SSE doesn’t get down to your limit order but it’s not carrying on the rise and is pretty flat today. AV. looking in a better position that when you put in your limit order, you couldn’t put one on Card for me that could do with a helping hand. SLA at that price could be one that grows and keeps the income coming in, am I right in saying yield is roughly 6.75% at present price?

PrefInvestor1 24 Sep 2018

Sse warning Hi @kool_keith, Still got a limit order in to buy SSE but confess I’m not so sure its a good idea anymore…?. More labour sabre rattling on nationalisation over the weekend is driving utilities down I reckon. So perhaps not a great idea to increase my holding ?. Also put a limit order in place to buy back into SLA if it drops below 310 - high yield and I sold out there at 350. Hoping that will come off instead. US looking like its going down today. £ surging again. Might have guess we’d have a bad day after Friday… ATB Pref

PrefInvestor1 22 Sep 2018

Sse warning Hi deepsleeves2, Well you can take a big hit if one of your £20K holdings takes a 10% dive, that’s the essential thesis behind my approach. But I understand your point about following a large number of stocks. And of course once you have decided how many stocks you are happy to hold (N) then total invested / N is going to be your average holding size. I can quite see that it wouldn’t be practical for you to work with my holding sizes. ATB Pref

Deepsleeves2 21 Sep 2018

Sse warning Pref, You are correct, it is only dealing costs that are minimised by larger trades. The other factor for me is how many stocks do I want to follow I currently have 20 from £20k up I think that these 20 are 4 /6 to many but either do not want to crystalise losses [HGM] or take profit on shares I think are on the up [VCT] Deep

Kool_Keith 21 Sep 2018

Sse warning Morning @PrefInvestor1 hopefully you’re right and AV won’t get to your purchase price as for SSE there’s still time for that to drop back, unfortunately. KIER sounds like another roller coaster ride but this time one that you’ve got a ticket for. Be nice to end the week on a positive

PrefInvestor1 21 Sep 2018

Sse warning Hi @kool_keith, Well SSE recovered well yesterday to end ~1% up after dropping a fair bit at the start. So I haven’t bought in yet. AV opportunity seems to have evaporated as well, back into the 480s now. Not sorry I sold one of my US investments, £ still soaring - up from 1.27 mid Aug to 1.327 today. That’s about 4% I reckon and if brexit news gets better, and horror of horror should there actually be a eeal, it might rocket back up into the 1.4s. I still have JUSC, SMT and PCT - JUSC doing best up 10%+. Can US tech gains keep pace with the £ or will the £ drop back ?. Who knows… Crazy day with KIER yesterday. Soared to 1100 plus at the open, then dropped to ~990 in the next 15 mins and then rose to 1125 by 090. Spent the rest of the day dribbling down to finish more or less unchanged. Meanwhile ADYEN dropped 2.x% to end at 63x. IG has FTSE up 0.36% right now, hoping for a good day !. ATB Pref

PrefInvestor1 20 Sep 2018

Sse warning Hi Again @kool_keith, Results from Kier this morning looked good, good revenue & profit, plan for managing debt, dividend increase… Shares soared to 1100+ at the open but have rapidly fallen back - guess traders banking profits or perhaps shorters trying to regain control ?. As I write this I see that the shares are actually down now, oh well thats the stock market for you… Have a limit order placed to buy SSE at 1100 now and another to buy AV at 460 (very optimistic or is that pessimistic ?). More red than blue for me at the moment this morning, but dividends today have me in the blue - so far. ATB Pref

PrefInvestor1 18 Sep 2018

Sse warning Hi @kool_keith, Well Kier are a construction company, they have a lot of orders and a lot of debt. Some hedge funds see them as the next Carillion and the shares have (are still) being heavily shorted, something like 18% of shorts I think !!. Winning lots of contracts apparently according to press articles Ive read. Results due on the 20th Sept which should give some clarity. Simply wall St seems to rate the company. Good yield. I have a small holding here, as with SSE. Hoping for a positive outcome, as always…just have to wait and see. Today hasnt turned out so bad, portfolio up a little bit. US futures up a bit now and £ down a bit. ATB Pref