SSE - SELL - Looming Political Threat
SSE is a strategically and financially challenged business and its dividend remains under threat from low conventional and cash flow cover. Its share price is little changed over the last five years despite an epic capex binge that has produced virtually no EPS growth. The next five years are unlikely to be any different and the shares are a SELL.
SSE is engaged in producing, generating, distributing and supplying electricity and gas, as well as other energy-related services, across the U.K. and Ireland. Co. has three principal business areas: Wholesale, which uses turbines to convert energy from gas, oil, coal, water and wind to generate electricity, trading in wholesale energy markets, and managing energy contracts; Networks, which transmits and distributes electricity and gas to homes and workplaces; and Retail, which supplies electricity and gas and related services to households and organizations.
Baden Hill has a team of 9 institutional salesmen and analysts operating under the Northland Capital Partners regulatory umbrella. The sales team cover the UK and European stock markets whilst the analysts cover support services, clean tech and equity income. The equity income product has a particular focus on cash flow and accounting quality. The team is also offers capital rasing services and have been involved in a number of succesful flotations and secondary capital raises.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.