||ORD 6 14/81P
||EPS - Basic
||Market Cap (m)
|Gas Water & Utilities
Centrica Share Discussion Threads
Showing 6976 to 6998 of 7000 messages
|Of course, it's wildly undervalued
It's a known practice for brokers to put a sell out to pick up stock
Disgraceful but alls fair in business.|
|Most brokers have it above 200 though. That's all, overall positive but who knows, it only takes one person to get it right|
|GBs went to Co-op. Quite glad about that, I couldn't see the benefit of taking on loss making business, they are free to switch and most will not likely stay as they are types to shop around, it will cost coop dearly I should think.
Mbmiah I referred to Citigroup|
|That is a uncrossing trade|
|Huge volume traded today and 23m traded after the bell...|
|Brokers are quite positive on this, are you on the wrong thread my friend?|
|It's so easy to be negative when the price is at rock bottom. For me the buying signals have been there for a few mths not least a double bottom chart and clear signals to govt. I have loaded up, another 20k today. I've said it before - So called broker recommendations are a great tool to contrarian investors or the cynical like me, I have made a lot going against them and the Citigroup downgrade is a great example, now I wonder if they're big buyers? ;)
Don't trust what you read, don't trust intermediaries, after a 50% decline over the last few yrs the cycle is turning, I'm accumulating quality power, miners, oil.|
|Centrica plc has agreed to sell its entire portfolio of gas assets in Trinidad and Tobago to Shell Exploration and Production for an initial cash consideration of $30 million (£24 million). The assets consist of a 17.3 per cent interest in the producing NCMA-1 block and 80 per cent and 90 per cent operated interests respectively in the undeveloped blocks NCMA-4 and Block 22.
In addition to the initial consideration, Centrica will receive further payments subject to Block 22 and NCMA-4 reaching agreed project milestones.
The divestment is in line with Centrica’s strategy to focus its E&P activity in the UK, Netherlands and Norway and to exit its positions in Canada and Trinidad and Tobago.
The transaction is subject to government and partner approval and is expected to close in the first half of 2017.|
|MJ, who wrote that piece?, if I had to guess it's RW from TMF.|
|A patchy earnings picture also puts Centrica's (LSE: CNA) progressive payout policy on perilous ground, in my opinion.Despite expectations of a third annual earnings dip in 2016, the number crunchers expect the British Gas operator to lift the dividend to 12.2p per share from 12p last year. And an even meatier hike, to 12.7p, is forecast for next year.But quite why the City expects Centrica to raise the dividend following two years of cuts is quite beyond me, I'm afraid. That's especially so as not only does the company boast meagre dividend coverage of 1.3 times for this year and next, but the energy giant is also toiling under a massive £3.8bn net debt pile.And Centrica can't be considered on the cusp of a stunning earnings turnaround either to bolster the board's appetite to raise the dividend. Customers are flocking to smaller, promotion-led suppliers with increasing gusto. And the prospect of oil prices remaining subdued well into the future also threatens to keep profits at the firm's Centrica Energy arm under huge pressure.As a consequence, I reckon investors should give short shrift to Centrica's giant yields of 6% and 6.3% for 2016 and 2017.|
|Interesting intra-day bowl formationThis is going one way only.|
|If BG get GB customers....perfect ride back to 245 me thinks|
|the next 30p will come very quickly do not be caught out|
|Very cold next 2 days.....guess that means people using a lot of gas, therefore very good for Centrica. Buy.|
|I've capitulated this morning. I had hoped it would dip back under £2 but I don't think it will happen again. Had to pay £2.07. Pity.|
|Quite a large volume being traded today|
|Nothing really ever changes ............remember ED Milliband and how was going to deal with the big 6??
I don't think I will be able to buy CNA at under £2...........|
|yes if you go back some years when tescos were making billions,nothing said there, but gas seems to have been singled out for some reason,|
|Good post Minerva totally agree. Unfortunately the big suppliers have become fair game for politicians to slate and for ofgem to come up with spurious policies which more often than not lead to misinformation and confusion for customers. No wonder the energy policy in this country is such a shambles. We may as well give the whole shooting match to the Chinese and pay them a premium to give us heat and light|
I wonder who is going to get GB Energy Supply's customers?|
I kind of knew this was going to happen. Anyone who has read into how energy is bought would have seen problems for the new entrants once the wholesale curve reversed. I am no expert but these new entrants seemed to be playing on the advantages of spot-pricing and now it seems it has become their disadvantage.
As far as I am concerned good riddance. Hope all the new small entrants disappear. They offer nothing to society. I prefer to have the big six be successful as they are capable of continual and meaningful investment in infrastructure whilst at the same time taking care of other stakeholders including shareholders, pensioners and pension funds. These new entrants generally are small outfit wiseguys who are privately owned and don't invest in infrastructure - in short, no good to anyone.
Society needs to learn that price is not everything and I would like to see regulators and consumer groups like Which? and uSwitch provide advice which is more holistic and takes into consideration the long-term value of companies to society rather than just the price/wattage and nothing else. If we are not careful the cheap pricing we agree to is only in affect buying the futures from ourselves in so far as a cheaper and reliable future supply. It surprises me that politicians, the regulator and consumer champions haven't got the wherewithal to see this.|