| 14:48 18/05/2012 | Re: PDMR -Person discharging managerial ... |
| The porblem with displaying PDMR details is the number of directors companies have these days, the list would be endless and a lot of info that a lot a of people would not be interested in reading. I guess it would make sense if you wanted to know who held what shares on the board you could contact the company sec and ask for a list? I also thought there was a minimum amount of shares you have to own to be a active member of a a board of directors???? By Bigc218 |
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| 9:35 18/05/2012 | purchase of Phoenix Supply Limited |
| I find this a strange deal, more so for Phoenix Energy Holdings Limited than SSE. If I've got it strange Phoenix are selling its NI regulated gas supply business and its gas supply business in the Republic to SSE. It's retaining the gas distribution network in the North. The supply business does mirror the UK business of SSE i.e. obtaining gas and billing the consumer, however, SSE does run some gas distribution networks. Perhaps SSE will run the two supply business as one, with some syncing savings. The other aspect is that SSE is losing retail customers (myself include, well over a year ago) as shown in the latest results, so adding a few more might appeal. Also only 8,000 households supplied by the purchased business (in the North) out of a potential customer base of 300,000. That is a lot of gas pipes to put in the ground to reach the 300K. Still seems a strange deal to me By MUFC the best |
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| 9:12 18/05/2012 | Re: PDMR -Person discharging managerial ... |
| Lupo di mare states: "Full details in the Annual Report m8; it's not a secret." and includes a link to the SSE report. I'm always prepared to learn so I followed the link to the report. I searched for franklin (1st PDMR name in the 7/2/2012 RNS), he is mentioned twice in the report, in the section describing the members of "The Management Board". Just to check I tried McPhillimy: he is mentioned additionally in the context of the "Scotia Gas Networks" board of directors. All that lupo achieved was to bring my attention to the fact that Jim McPhillimy, PDMR, dumped 1,000 ordinary shares of the Company at a price of £12.89 per share on 7/2/2012. Now the question is "what proportion of his shareholding does that grand represent? The FT prints a list of director's share dealing on Saturday. I for one, would appreciate the list being extended to include other PDMR personnel. By MUFC the best |
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| 11:39 17/05/2012 | Results |
| I've just about finished reading the full year results. To say they are unaudited may be true, but maybe it is truer to say 'unedited'. I guess I could have cut about 100 pages from them, and they would have made more sense. Who do they think these results are aimed at? People with no attention span for a start. I'm used to a thing being repeated two or three times, but they seem to be saying the same thing maybe ten times over. Give me a break!! Publish meaningful results that can be read, and explain the key issues (like derivative losses, which are glossed over but dominate the results) and leave out the social conscience rubbish. Happy. (Un-Happy!) By Happy Rabbit |
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| 8:52 14/05/2012 | Re: PDMR -Person discharging managerial resp... |
| Refernece - Building new Hydro Power Stations: As usual the planning objectors try to stop any new construction new renewable projects. SSE has plans to construct an even bigger one than glendoe but already campaigners are saying it will ruin their view/destroy wildlife etc. It is always the same in this country, people complain when we dont do something and complain when we try and change something, no wonder the economy is going backwards By Bigc218 |
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| 10:50 13/05/2012 | Re: PDMR -Person discharging managerial resp... |
| MUFC - "HOWEVER I AM ANNOYED THAT THE NON-DIRECTORS TOTAL SHAREHOLDING IS NOT DISCLOSED." Full details in the Annual Report m8; it's not a secret. Link: http://www.sse.com/uploadedFiles/Controls/Lists/Reports_and_Results/SSE_AnnualReport2011.pdf By Lupo di mare |
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| 9:07 10/05/2012 | PDMR -Person discharging managerial responsibilities |
| To be honest I actually am annoyed when I open company "News" to find "SSE Plc - Director/PDMR Shareholding". Now perhaps it is of some interest that about 48k of shares are purchased by the Share Incentive Plan ('SIP') and a similar number are allocation by SSE via 'Partnership Shares' every month. Thus the issued share capital increased by 48K per month. The other new issues come from the "Performance Share Plan", this dishes out 1.5 salary in shares, after 3 years, to the "executives". The total under that scheme is about 1 million shares (so expected about 300k to be issued per year). So I am extremely bored to find that Ian Marchant, for example, got an extra 10 shares via SIP and the maximum allowed 6 via Parnership Shares, to give him a total holding of 232,066. Boredom is one thing annoyance is other. The non directors in the Person discharging managerial responsibilities (PDMR) crew also go 10 shares via SIP and 6 via Parnership Shares. Nothing wrong with tying the interests of the management to those of the great unwashed of the rest of the shareholders. HOWEVER I AM ANNOYED THAT THE NON-DIRECTORS TOTAL SHAREHOLDING IS NOT DISCLOSED. This, to me, is a fairly pointless "secret" kept by SSE just because they can. BTW glad to see Glendoe about to come back on stream. I wonder if the disaster that the development of Glendoe has proven to be will put SSE off more hydro schemes? I thing that would be a pity. I was in New Zealand over the winter and had a look around Manapouri Hydro Power Station. Once these thing are built they are available for ever. I wish the UK would build a tidal scheme on the Severn, rather than looking every 5 years, then get scared by the cost. If you want a "keynesian stimulus" this would be much best than subsidising new car buyer or cutting VAT, IMHO By MUFC the best |
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| 23:44 06/04/2012 | Re: Glendoe refill - LKH |
| Foyers is on partial shutdown next week for approx 5 weeks.... Phase 2 in September.... By dragonsbreaths |
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| 11:21 06/04/2012 | From Telegraph |
| Summary from HL: "In the Telegraph, Questor flirts with utility company SSE (formerly Scottish and Southern Energy). It said last week it was committed to dividend increases 2% above RPI, since then it has announced several big projects including the financial close on its Yorkshire waste contract worth £750m and a further £300m at its Ferrybridge power station (also in Yorkshire). Combined with a contract to develop a huge wind farm off the coast of the Shetland Islands and Questor admits the company is doing well. However, trading on a price to earnings multiple of 12.1 for 2012 and 11.1 the year after, the recommendation is still hold." nk By nk1999 |
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| 8:40 01/04/2012 | Re: Glendoe refill - LKH |
| CM, SSE don't have much luck with their engineering contractors, do they? First the Germans on Glendoe and now I see that they're suing Fluor for not installing the Greater Gabbard foundations properly. Fingers crossed them big windmills don't just tumble over like the Martian fighting machines in Jeff Wayne's War of the Worlds, eh? Wonderful weasel words about the various windfarms being "capable of exporting leccy" or some such. No mention of them "operating at full anticipated output". How long b4 people 'fess up and say "That was a waste of money .... these suckers don't work at all well in the winter when we need the leccy 'cos the wind don't blow in the winter FFS why didn't we think of that?" Great news about the 80p divi. That's a prospective yield of [gets calculator out] 6%. That'll do nicely. LKH on the flybridge By LK Hyman |
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| 12:46 31/03/2012 | Glendoe refill - LKH |
| LK Saturday Herald has this article on Glendoe now refilling, and projection for 80pps Divi :- http://www.heraldscotland.com/business/company-news/sse-poised-to-refill-reservoirs-at-glendoe-site.17171215 Mainly positive. CM By Canny Mannie |
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| 20:28 30/03/2012 | Dividend assurance |
| From DJ today: "SSE Sees 80P FY12 Dividend, Adjusted Profit Similar To Past 3 Years LONDON (Dow Jones)--Utility firm SSE PLC (SSE.LN) said Friday it continues to expect to deliver a full-year dividend increase of at least 2% more than RPI inflation, and of around 80 pence per share, and deliver an increase in adjusted profit before tax for fiscal 2012 at a level similar to that achieved in each of the last three years. MAIN FACTS: -Financial statements for fiscal 2012 are likely to include a non-cash exceptional impairment in the book value of Keadby and Medway power stations. -SSE's capital and investment expenditure for fiscal 2012 is forecast to be around GBP1.7 billion; it is designed to support future dividend growth and SSE continues to prioritize the successful completion of key large capital projects. -Shares closed Thursday at 1322 pence valuing the company at GBP12.49 billion. -By Ian Walker, Dow Jones Newswires" Steady as she goes.... nk By nk1999 |
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| 19:33 29/03/2012 | Re: Dividend |
| LK - "When's Glendoe gonna come back on stream? Have the blockheads fixed that tunnel yet?" June afaIk. There are in fact 2 pumped storage systems being planned in the GG. By dragonsbreaths |
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| 15:35 29/03/2012 | Re: Dividend |
| CM, "we should be pumping it down the pipes and canals to sell it to the dried-out south-East, I reckon." Good thinking, m8. Mebbe, at those places where the pipes run downhill ... there must be a few of 'em between Bonny Scotland and the soft south east ... we can clip a damn great turbine onto the pipe and generate some leccy on the way. There must be some job opportunities in pumped storage schemes. Are there no hard working single mums who can be given a bucket to earn their benefits by filling the bucket with water from the lower reservoir and running uphill to the higher reservoir and tipping it in? They could be rewarded with a VAT free pasty for every 10 buckets. Might that work? LKH on the flybridge thinking outta the box By LK Hyman |
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| 11:00 29/03/2012 | Re: Dividend |
| LKH "if the drought extends to Scotland" You come from the West Coast - no chance of that! In fact we should be pumping it down the pipes and canals to sell it to the dried-out south-East, I reckon. Agree entirely with what you say about Hydro. I worked on the Cruachan Pumped-Storage Scheme in my youth (OK, 1960's, yonks ago!) and it still provides virtually instant on-peak supplies whenever the footie finishes and everyone switches on the kettle. Build more dams, I say and grab the free leccy. CM, wondering where he can buy a house with a stream in the garden By Canny Mannie |
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