Proactiveinvestors United Kingdom - Utilities RSS feed Proactiveinvestors United Kingdom - Utilities feed en Thu, 22 Feb 2018 19:07:33 +0000 Genera CMS Drax secures electricity agreements for coal units Fri, 09 Feb 2018 10:48:00 +0000 Severn Trent reaffirms full-year guidance Wed, 07 Feb 2018 08:39:00 +0000 SSE in talks with CMA over planned npower merger as it lifts earnings forecast Wed, 31 Jan 2018 09:00:00 +0000 Goldman Sachs cautious on big three UK water stocks, says upcoming regulatory review brings risks to returns Fri, 26 Jan 2018 10:17:00 +0000 Drax Group warns of £10mln EBITDA hit from "unplanned outage" at rail unloading facilities Wed, 20 Dec 2017 08:04:00 +0000 MPs call for full investigation of proposed SSE and npower merger Mon, 04 Dec 2017 15:54:00 +0000 Pennon negotiates reset to Greater Manchester waste contract as it reports first half profit growth Wed, 29 Nov 2017 08:51:00 +0000 Credit Suisse closes out its 'underperform' stance on National Grid after three years Mon, 27 Nov 2017 10:28:00 +0000 United Utilities downgraded amid worries over the inflationary impact on its earnings line Fri, 17 Nov 2017 12:24:00 +0000 Business secretary urged by union to block merger between SSE and npower Thu, 16 Nov 2017 14:43:00 +0000 SSE shares lose their spark as analysts raise doubts about merger with Npower Wed, 08 Nov 2017 15:50:00 +0000 SSE in advanced talks with Innogy to create independent UK energy supplier Tue, 07 Nov 2017 15:15:00 +0000 Drax appoints ex-CFO of Johnson Matthey as interim CFO Fri, 27 Oct 2017 09:27:00 +0100 SSE's dividend looks sustainable to Credit Suisse Mon, 14 Aug 2017 11:51:00 +0100 National Grid operations unit to become separate unit Thu, 03 Aug 2017 10:48:00 +0100 SSE loses energy customers in the first quarter amid fierce competition Thu, 20 Jul 2017 09:26:00 +0100 United Utilities faces hefty fine after pleading guilty to supplying contaminated water Wed, 19 Jul 2017 14:21:00 +0100 Drax shares slide as it swings to first half loss on falling value of coal assets Wed, 19 Jul 2017 11:27:00 +0100 National Grid nudges higher as HSBC upgrades to ‘buy’ on “regulatory stay of execution” Thu, 13 Jul 2017 10:32:00 +0100 Ofgem warns gas and electricity network owners to expect lower prices in future Wed, 12 Jul 2017 13:01:00 +0100 Severn Trent raises nearly £50mln from sale of its North American water business to US investment firms Mon, 03 Jul 2017 09:40:00 +0100 United Utilities faces charges over contaminated water from Franklaw treatment works Fri, 16 Jun 2017 15:06:00 +0100 Drax plans £50mln dividend this year and expects to grow its payout, as it forecasts strong underlying earnings growth Thu, 15 Jun 2017 08:44:00 +0100 Water tech group HaloSource tanks as it warns on possible insolvency Fri, 09 Jun 2017 11:51:00 +0100 SSE plc expects earnings to fall as it warns on Theresa May's proposed energy price cap Wed, 17 May 2017 12:10:00 +0100 MYCELX Technologies Corporation wins first contract in Nigerian oil and gas market Mon, 08 May 2017 09:16:00 +0100 FTSE 350 companies to pay record level of dividends in second quarter, led by National Grid Tue, 04 Apr 2017 11:35:00 +0100 HSBC downgrades SSE to 'hold' on concern over potential tariff caps after energy price hikes Fri, 24 Mar 2017 09:32:00 +0000 SSE raises electricity prices after hikes from EDF, Eon, Npower and Scottish Power Mon, 13 Mar 2017 10:09:00 +0000 Drax to buy two distressed US pellet plants as it expands operations Mon, 27 Feb 2017 08:33:00 +0000 Drax shares look set to bounce, but not yet - Zak Mir The Drax Plc (LON:DRX) chart has come off the boil, according to technical analyst Zak Mir, but, he reckons the share price may bounce off the 325p level.

Mir says the best case scenario would see the price rise to around 400p (current price: 341p).

Fri, 24 Feb 2017 10:28:00 +0000
More upside to Drax despite recent rally Power station operator Drax Group PLC (LON:DRX) has added more than a third in recent weeks after the European Commission approved a key subsidy contract from the UK government at the beginning of December.

Despite the surge, technical analyst Zak Mir tells Proactive that the charts suggest there is more to come from the stock.

“Even though the shares are up already quite a lot over the recent past, it looks like there could be a bit more upside towards the top of a rising trend channel heading up towards £4.25,” Mir explains.

“That target is valid while we’re above the £3.50 to £3.60 area.”

Wed, 04 Jan 2017 10:15:00 +0000
National Grid shares tipped to creep back towards £11 National Grid PLC (LON:NG.) could add another 20% in coming weeks according to chartist Zak Mir, who has hailed the “good set-up” of the company.

Mir tells the Tip TV Proactive Investors Bulletin Board that the gas and electricity firm wasa ‘technical buy’ before the sale of its UK gas distribution business made it a ‘fundamental buy’.

The technical analyst now expects the stock to re-visit the £10.70 no seen since October.

“We’re looking for a break in the 50-day moving average at £9.59 to take us back towards the 200-day line at £10.70,” he explains.

Tue, 03 Jan 2017 09:55:00 +0000
Take a punt on National Grid and get in at the bottom, says chartist Now could be the time to invest in National Grid PLC (LON:NG.) while shares are cheap, according to technical analyst Zak Mir.

Shares in the energy firm have been on the wane since July, but Mir thinks they’re starting to bottom out which could represent a decent buying opportunity.

In a TIP TV segment for Proactive Investors, Mir explains: “As long as we’re above [880p], you can regard this as buying at the bottom of the range opportunity.” 

Thu, 15 Dec 2016 09:45:00 +0000
SSE has support and can power 10% higher British energy supplier SSE plc (LON:SSE) saw its share price dip following an underwhelming half-year report at the start of the month, but could it be ready to kick on from here?

Technical analyst Zak Mir certainly thinks so, and is tipping the stock to add the best part of £2 to its price over the next couple of months.

“You can see that the shares have been sideways in a range between 1350p and 1650p. At the moment we’ve bounced a support line from February at 1450p,” he explains in the latest segment of the TIP TV Proactive Investors Bulletin Board series.

“One would be looking for recovery towards that 1650p range.”

Wed, 30 Nov 2016 11:00:00 +0000
HaloSource tapping into world’s growing need for clean water Martin Coles, chief executive of clean water tech company HaloSource (LON:HALO), says he is positive on future growth prospects for the business, given the demand for clean drinking water across developing nations.

Founded in Seattle, Washington, HaloSource operates in three market segments: drinking water, recreational water, and environmental water treatment.

The firm’s Drinking Water division purifies water for over 15 million people every day and revenues from this operation jumped by 33% to US$2.7mln in the first half.

Through HaloSource’s technology, contaminated water is purified by running through a cartridge filled with small, bromine-infused beads.

The simple and low cost approach allows the firm’s partners to make purification products affordable to more low and middle-income customers in the developing world.

Wed, 16 Sep 2015 07:36:00 +0100
HaloSource CEO pleased with figures Martin Coles, the chief executive of HaloSource (LON:HAL), says every one of the numbers on the preliminary results released yesterday is ‘heading in the right direction’.

CEO Coles discusses the fundraising completed at the end of last year to strengthen the balance sheet and the appetite for the £7mln placing which Neil Woodford’s fund, Woodford Investment Management, took part in.

The company’s full-year results to 31 December showed revenues rose 30% to $21mln, with a smaller net loss of $8.6mln.

Wed, 11 Mar 2015 07:02:00 +0000
Rurelec CEO hopeful of returning to profit soon Peter Earl, the chief executive of Rurelec (LON:RUR), says the South America-focused power group would not be applying to the High Court if it were not confident of returning to profit in the near future.

The AIM-listed company has applied for High Court permission to restructure its balance sheet so that dividend payments can resume next year.

Mon, 10 Nov 2014 14:50:00 +0000
Rurelec expects Bolivian settlement in 'the near future' Peter Earl, chief executive of Rurelec (LON:RUR), tells Proactiveinvestors that it fully expects Bolivia to honour the award made to the company in the court in The Hague. While Rurelec concedes that the award was less than had been hoped, it sees the announcement as an opportunity to draw a line under the event that has taken almost four year to complete.

Mon, 03 Feb 2014 12:33:00 +0000
Rurelec sees 'significant' re-rating of shares from Chilean listing Rurelec (LON RUR), tells Proactiveinvestors that the proposed listing on the Santiago stock exchange will enable investors to benefit from Chilean investors buying into the stock. Peter explains that power companies tend to trade at a 'very significant' premium to book value, whereas in London the shares are currently trading at a 'pretty significant' discount to book value. ]]> Wed, 17 Jul 2013 08:43:00 +0100 Peter Earl, Chief Executive of Rurelec, talks about generating 40% more electricity from ‘the same gas burn’ Tue, 29 Jun 2010 00:00:00 +0100 Peter Earl, Chief Executive of Rurelec, talks about generating 40% more electricity from ‘the same gas burn’ Tue, 29 Jun 2010 00:00:00 +0100 Proactive Audio Interview With Independent Power Southern Africa (IPSA) Mon, 30 Apr 2007 00:00:00 +0100 Proactive Audio Interview With Independent Power Southern Africa (IPSA) Mon, 30 Apr 2007 00:00:00 +0100