Market sort of going side ways of late

But I'm amazed that this one has hardly moved up In the last week

30p divi due tomorrow.

Anyone else watching these?

RESPONSE TO CMA STATEMENT OF ISSUES

Up we go again!

Credit Suisse Outperform 1,494.50 1,482.00 1,600.00 1,600.00 Reiterates

Nice to see that they support my 1600p target!

This lot seem 'brave' :-)

RBC Capital Markets Sector Performer 1,494.50 1,482.00 - 1,500.00 Upgrades

From the HL morning roundup :-

Energy bills in the east Midlands and other densely populated areas could rise by up to £37 a year to reduce the cost to households of distributing energy in remote parts of the country under proposals put forward by SSE. The energy group argues that imposing one national charge for delivering electricity and gas to the home would make bills much simpler to understand than the current system, where suppliers levy 14 regional charges. - The Times

Berenberg Hold 1,493.00 1,493.00 1,320.00 1,530.00 Retains

ugh! Down again!!

I wonder why!

Cazenove comment on that subject:
"SSE is the most exposed in our sector to a potential vote for Scottish independence, with an estimated 38% of EBIT coming from Scotland. We’d expect a prolonged period of regulatory uncertainty following a Yes vote and given the potential earnings risks and the long lead time to clarity, we think that a 10% P/E de-rating would not be unreasonable in this environment, based on the experience of Continental utilities during past times of regulatory/political uncertainty. If we assume that changes in Scottish energy policy eventually lead to a 30% cut in ROC prices for Scottish renewables and a 50bps cut in network returns, this would mean a c5% hit to EPS and a reduction in dividend cover from the current 1.3x* to c1.2x. Clearly this is just one scenario and the actual outcome could be less or could be twice as much or more. In addition this sensitivity is before any macro impacts such as currency, tax or credit rating (and hence cost of debt), which would be unhelpful given SSE’s already stretched balance sheet at 3.5x ND/EBITDA*. We also think that a Yes vote would weigh on the valuation of the non-Scottish UK assets of utilities due to both macro and energy-specific uncertainty."

RBC Capital Markets Sector Performer 1,471.50 1,445.00 1,500.00 1,580.00 Reiterates

JP Morgan Cazenove Underweight 1,465.00 1,485.00 1,200.00 1,280.00 Reiterates

Am expecting great things here when the 'No' vote comes in!

This lot are obviously expecting a 'yes' vote.

Deutsche Bank Hold 1,515.50 1,340.00 1,340.00 Reiterates

As posted before, I think (hope) a no vote will see the FTSE all time high of 6,950.60 being taken out PDQ.

Better......a bit more to go though before I am happy!

Credit Suisse Outperform 1,538.50 1,521.00 1,600.00 1,600.00 Reiterates

RBC Capital Markets Sector Performer 1,538.50 1,521.00 1,580.00 1,580.00 Reiterates

Nearly there.........

Disposal of Hampshire data centre

SSE plc today (1 October) agreed the sale of its Hampshire data centre to SCC, for a total consideration estimated to be £12 million, subject to capital adjustment and provision of transition services for a period of three months.

Credit Suisse Outperform 1,514.50 1,514.00 1,600.00 1,600.00 Reiterates

Another try for 1600p coming up? All a bit frustrating, though trend seems to be in the right direction now.