Jersey Electricity PLC

Jersey Electricity is the sole supplier of electricity in Jersey. Co. is involved in the generation and distribution of electricity and jointly operates the Channel Islands Electricity Grid System with Guernsey Electricity Limited importing power for both islands. Co. also engages in retailing, property management, building services and has other business interests, including software development and consulting. Co.'s business segments are: energy; building services; retail; property; as well as other segments, which includes Co.'s Jersey Energy, Jendev and Jersey Deep Freeze Limited business units.
  • TickerJEL
  • ISINJE00B43SP147
  • ExchangeLondon Stock Exchange
  • SectorElectricity
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Utilities 09122019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of the Telecoms and Utilities sectors of quoed companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 09122019

Currently '(TM)Valule Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Utilities 02122019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of the Telecoms and Utilities sectors of quoted companes on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 02122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & materials, Telecoms and Utilities sector of quoted companies on the London Stock Exchange's main market.

Philip Morrish

Value Indicator - UK Utilities 25112019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of the Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Jersey Electricity - Continuing dividend growth forecast

Jersey Electricity’s (JEL) strong financial position and forecast cash flow should underpin 5% per year growth in the dividend per share. Although JEL faces wholesale cost rises, lower unit demand and a fluid regulatory situation, we believe that, given its strong position on pricing and service standards, it is well positioned to withstand these pressures. Our latest valuation analysis indicates increased upside potential from current levels.

Outlook: Continued progress

FY15 results demonstrated that significant investment, particularly in interconnectors, has provided Jersey Electricity (JEL) with a solid platform from which to deliver returns to shareholders and, at the same time, offer its customers attractive prices, improved security of supply and low-carbon electricity. We now expect a period of stable returns on an asset base that should continue to grow as JEL invests.

Initiation: Growth connection

Jersey Electricity achieved a significant improvement in profitability in FY14, reflecting the benefit of tariff increases and greater use of lower cost imported electricity. The commissioning of the Normandie 3 interconnector, ahead of time and budget, should allow for a further recovery of profits in FY15 while tariffs remain stable. Additional investment in interconnector capacity will lead to further increases in profitability beyond.

1 director maiden bought

A director at Jersey Electricity maiden bought 5,000 shares at 465p and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Philip Morrish

Value Indicator - UK Utilities 09122019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of the Telecoms and Utilities sectors of quoed companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 09122019

Currently '(TM)Valule Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telcoms and Utilities sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Utilities 02122019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of the Telecoms and Utilities sectors of quoted companes on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Philip Morrish

Value Indicator - UK Main Market 02122019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & materials, Telecoms and Utilities sector of quoted companies on the London Stock Exchange's main market.

Philip Morrish

Value Indicator - UK Utilities 25112019

Currently '(TM)Value Indicator - UK utilities' is a value analysis of the Telecoms and Utilities sectors of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch