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?

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.

OFGEM SETS OUT FUNDING PLANS FOR £1 BILLION TRANSMISSION SUBSEA LINK

Ofgem has today set out proposals to allow £1.1 billion funding for a new subsea link in the north of Scotland. The regulator's proposal is £173.9 million less than the funding request from Scottish Hydro Electricity Transmission (SHE Transmission) to ensure consumers pay no more than necessary.

The new link will connect 1.2GW of new renewable electricity generation following completion in 2018. This additional capacity will increase the resilience of Britain's energy infrastructure. It will connect the electricity grid on either side of the Moray Firth.

The proposals are now under consultation for four weeks. Final decision on funding will be made in December.

Half Year Results Wednesday 12 November 2014.

This time last year is difficult to compare but the sp was generally falling off a cliff. The Nov figures weren't that great (·Adjusted profit before tax* fell by 11.7% to £354.0m; Adjusted earnings per share* fell by 17.4% to 29.4 pence.). Will be interesting to see what happens but think I may bail out with a small profit before the figures are released.

I'm undecided - but still hoping for another assault on £16 (NG having another bash @£9 today).

The most recent broker notes :-

24 Oct RBS Capital Markets Sector Performer 1,551.50 1,580.00 1,580.00 Reiterates

24 Oct Credit Suisse Outperform 1,551.50 1,600.00 1,600.00 Reiterates

Approaching make your mind up time!

I had an auto sell command on the system at 1571p, which seems to have triggered so am out for now with a little profit and the last divi.

EDIT: Far too early, though last time I tried to sell, it didn't reach my target price!

Credit Suisse Outperform 1,562.00 1,562.00 1,600.00 1,700.00 Reiterates

Deutsche Bank Hold 1,562.00 1,562.00 1,340.00 1,340.00 Reiterates