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Drax Group

Current Price 379.40p Bid 376.20p Ask 376.40p Change -2.79%
Last Updated: 16/11/2018 18:44. Prices delayed by at least 15 minutes.
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Company Overview

Drax Group plc is the owner and operator of Drax Power Station, the largest, cleanest and most efficient coal-fired power station in the UK. It is responsible for generating 7% of the UK's electricity. Having successfully upgraded the UK's biggest power station through innovative engineering, it is now a predominantly biomass-fuelled generator. 70% of the electricity it produces – enough to power Leeds, Manchester, Sheffield and Liverpool – is now made using compressed wood pellets rather than coal.

Financial Highlights Year Ended 31/12/2017

Turnover
£3,685.20m
Operating Profit
£-117.10m
Dividend Yield
3.36
Dividend Per Share
12.30
Dividend Cover
0.00
P/E Ratio
-10.40

Key Personnel

Dwight Daniel William Gardiner
Chief Executive
Andrew Robert Koss
Executive Director
Philip Gotsall Cox
Non-Executive Chairman
David Simon Matthew Nussbaum
Non-Executive Director
Anthony David Thorne
Non-Executive Director
David Clive Lindsell
Non-Executive Director
Dr Nicola Hodson
Non-Executive Director
Timothy Russell Cobbold
Non-Executive Director
Vanessa Kate Simms
Non-Executive Director

Stock Details

EPIC
DRX
ISIN
GB00B1VNSX38
Shares in Issue
396,548,017
Market cap
£1,534.64m
Sector

Analyst Views (7)

Strong Buy
 
28.57%
Buy
 
28.57%
Hold
 
42.86%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
376.20p
Bid Price
376.20p
Ask Price
376.40p
Volume
2688313
Change Today
-10.80p
% Change Today
-2.79%
Open
386.20p
Previous Close
376.20p
Intraday High
387.13p
Intraday Low
374.00p
52 Week High
432.40p
52 Week Low
218.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Drax Group Intra-day Chart

Drax Group News

News in this section is provided by MoneyAM

Broker Forecast - Jefferies International issues a broker note on Drax Group PLC 30 Oct 2018 | 11:40 Drax appoints Andy Skelton as CFO 25 Oct 2018 | 08:33 Broker Forecast - RBC Capital Markets issues a broker note on Drax Group PLC 17 Oct 2018 | 14:50 Broker Forecast - Credit Suisse issues a broker note on Drax Group PLC 17 Oct 2018 | 11:40 Drax acquires UK power generation portfolio for £702m 16 Oct 2018 | 08:24 Broker Forecast - JP Morgan Cazenove issues a broker note on Drax Group PLC 25 Sep 2018 | 10:40 Drax Group in talks to buy power assets from Iberdrola 24 Sep 2018 | 07:45 Broker Forecast - Morgan Stanley issues a broker note on Drax Group PLC 10 Sep 2018 | 10:50 Broker Forecast - HSBC issues a broker note on Drax Group PLC 06 Sep 2018 | 16:00 Director Deals - Drax Group PLC (DRX) 30 Jul 2018 | 17:10 Broker Forecast - AlphaValue issues a broker note on Drax Group PLC 26 Jul 2018 | 12:10 Broker Forecast - Credit Suisse issues a broker note on Drax Group PLC 26 Jul 2018 | 09:10 Miners drive FTSE higher on China boost and metal supply fears 24 Jul 2018 | 16:44 FTSE rallies as miners boosted by Chinese infrastructure pledge 24 Jul 2018 | 11:56 Drax Group posts annual loss following unplanned outages 24 Jul 2018 | 09:24 UK stocks edge higher on positive earnings, China stimulus hopes 24 Jul 2018 | 09:05 Broker Forecast - RBC Capital Markets issues a broker note on Drax Group PLC 09 Jul 2018 | 11:20 Director Deals - Drax Group PLC (DRX) 27 Apr 2018 | 17:20 Drax Group launches £50m share buyback programme 20 Apr 2018 | 07:50 Broker Forecast - RBC Capital Markets issues a broker note on Drax Group PLC 11 Apr 2018 | 09:50 Broker Forecast - Exane BNP Paribas issues a broker note on Drax Group PLC 05 Apr 2018 | 12:40 Broker Forecast - Exane BNP Paribas issues a broker note on Drax Group PLC 02 Mar 2018 | 11:40 Broker Forecast - Morgan Stanley issues a broker note on Drax Group PLC 28 Feb 2018 | 08:50 Drax earnings growth boosted by biomass business 27 Feb 2018 | 08:33 Drax Group secures £10m capacity market agreements for existing coal units 09 Feb 2018 | 07:13 FTSE falls as investors book profits 17 Jan 2018 | 16:53 Drax to convert fourth unit to biomass 17 Jan 2018 | 09:35 Broker Forecast - Credit Suisse issues a broker note on Drax Group PLC 21 Dec 2017 | 08:10 FTSE takes its cue from weak US stocks 20 Dec 2017 | 16:42 FTSE dips after sterling bounce on banks news 20 Dec 2017 | 11:43

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Tangible Assets
1,661.9
1,641.5
Intangible Assets & Goodwill
401.2
36.2
Investments & Other Non-Current Assets
215.4
519.8
Total Non-Current Assets
2,278.5
2,197.5
Inventory
272.1
287.5
Trade & Receivables
417.5
292.9
Cash & Receivables
222.3
228.4
Other Current Assets & Assets Held for Resale
327.2
662.6
Total Assets
3,517.6
3,668.9

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Short Term Liabilities
864.7
884.9
Long Term Liabilities
932.8
738.8
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
1,797.5
1,623.7

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Net Assets
1,720.1
2,045.2

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Share Capital
47.0
47.0
Minority Interests
0.0
0.0
Retained Earnings
417.2
566.5
Share Premium Account
424.3
424.2
Other Equity
831.6
1,007.5
Total Equity
1,720.1
2,045.2

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Cashflow from Operating Activities
315.2
190.9
Cashflow Before Financing
-239.3
97.7
Increase / Decrease in Cash
-4.0
86.7

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Turnover
3,685.2
2,949.8
Cost of Sales
3,140.2
2,573.4
Gross Profit
545.0
376.4
Operating Profit
-117.1
203.5
Pre-Tax Profit
-183.2
197.1
Profit / Loss for the Year
-151.1
193.9

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
H1 Dividend
20 Sep 2018
12 Oct 2018
H2 Dividend
19 Apr 2018
11 May 2018
H1 Dividend
21 Sep 2017
06 Oct 2017
H2 Dividend
20 Apr 2017
12 May 2017
H1 Dividend
22 Sep 2016
07 Oct 2016
H2 Dividend
21 Apr 2016
13 May 2016
H1 Dividend
24 Sep 2015
09 Oct 2015
H2 Dividend
23 Apr 2015
15 May 2015
H1 Dividend
24 Sep 2014
10 Oct 2014
H2 Dividend
23 Apr 2014
16 May 2014
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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