Centrica Share Discussion Threads

[justiceforthemany] 12/10/2017 12:29

People will switch less as a result of the cap = Centrica/British Gas retain more customers + smaller suppliers go bust & return to Centrica = POSITIVE NEWS

[careful] 12/10/2017 12:20

Looking through the draft bill it is hard to see how prices can be reduced significantly.
One line of comfort.
(6)e
'the need to ensure that holders of supply licences who operate efficiently are able to financed activities authorised by the licence'

It starts by stating.
'customers of energy suppliers were paying £1.4bn more than they would in a truly competitive market'.
A very subjective estimate but this a modest amount when set against the size of the market.

Very political, no mention of the need for shareholders to achieve a return on assets.
or the need to service the huge debts accrued by the energy suppliers to create the infrastructure required.

[pineapple1] 12/10/2017 12:17

Well the market is here to try to take the most money off the most amount of people that it can. It may have wrongfooted those who sold yesterday and scarificing the divi in order to get a lower entry on XD drop. It would be ironic.
imho

[andyj] 12/10/2017 11:58

And it expires in 2020, I didnt think it was as extreme as feared, should put a floor under the shares.

[justiceforthemany] 12/10/2017 11:43

Draft bill is out. Seems very vague and wishy-washy. Importantly the 'cap' can be changed from time to time so not fixed.

[big7ime] 12/10/2017 10:49

Could be good for CNA as it drives the smaller players out of the market and even one of the big 6 may pull out such as Eon or EDF
That would send warning to govt and ultimately increase prices

[yump] 12/10/2017 10:07

It sounds like any cap is going to be an administrative nightmare.

Some irony really that there has been so much moaning over the years about the EU bureauocracy.

I get the feeling that the powers that be are just jealous and need to prove that our own bureaucracy can way out-do johnny foreigner's.

Didn't we invent it anyway ?

It will generate a few more jobs I suppose.

[mj19] 12/10/2017 09:48

On the flip sideCentrica also faces those same political risks. Higher inflation is causing politicians to become focused on the cost of living for individuals, and energy companies are once again in the spotlight. Centrica is moving further towards this space since it is selling off its oil and gas assets. At the same time it is hoping to reduce costs and become more efficient. This could allow for a higher dividend to make Centrica an even more appealing income choice for the long run.

[mj19] 12/10/2017 09:45

Yup here it is - already near to that price Centrica PLC (LON:CNA)'s stock had its "sell" rating reissued by investment analysts at Deutsche Bank AG in a report released on Thursday. They presently have a GBX 160 ($2.10) target price on the integrated energy company's stock. Deutsche Bank AG's price objective suggests a potential downside of 8.88% from the company's current price.

[mj19] 12/10/2017 09:40

https://blogs.spectator.co.uk/2017/10/interview-centrica-ceo-iain-conn-on-theresa-mays-price-cap/

[skinny] 12/10/2017 09:05

Deutsche Bank Sell 172.65 160.00 160.00 Reiterates

[portside1] 12/10/2017 08:55

CONN IS DOING THE COEECT THING TELLING GOV THAT IT WILL CUT ALL FUTURE INVESTMENTS AND MAY SELL OFF THE DISTRIBUTION IN THE UK . THE GOV I VOTE FOR IS LOSING MY FAMILIES VOTES AND MY CONTRIBUTION TO THE PARTY , WE CONSERVATIVES DO NOT INTERFERE WITH PRIVATE COMPANIES WE SOLD THEM FOR FREE MARKETS TO WORK

IF THE PARTY WANT TO TELL THESE COMPANIES OUR TO RUN THE COMPANIES THEN RENATIONALISE THEM

[lord gnome] 12/10/2017 08:53

'Tariff Tarts' careful? Do you mean people like me who have the nouse to shop around to get a better deal on their power supplies? I left British Gas because my fixed price deal ended and they offered me nothing except the SVP. I moved to EDF and saved nearly £300 a year on their fixed deal. I guess that makes me a tart then.

[4seeaproblem] 12/10/2017 08:51

Deafening silence again from the BOD...

Start pushing back and start protecting the interests of your shareholders.

[mj19] 12/10/2017 08:42

Draft legislation designed to lower the cost of energy bills is set to be published by the government later. The Draft Domestic Gas and Electricity (Tariffs Cap) Bill will give energy regulator Ofgem the power to cap standard variable tariffs. At present about 18 million customers are on some form of default tariff, which can cost hundreds of pounds a year more than the cheapest deals. But the price cap is unlikely to take effect before winter. The cap will be short term, until 2020, and possibly extended to 2023 if Ofgem decides that is necessary, the government said in a statement.

[portside1] 12/10/2017 08:23

just to confirm the next div is 8.4p that's 5% over the next 6 months

buy buy buy yes 26 weeks to the final div of 8.4p

[nortic 007] 12/10/2017 08:15

Just to confirm they are x 3.6p today?If so it's a good start.

[mitchy] 12/10/2017 08:01

NOW is the time to load the boat.Good Luck

[big7ime] 12/10/2017 07:46

Few posters getting desperate by the sounds

[diku] 11/10/2017 22:06

Monday it will be 169p...

[pineapple1] 11/10/2017 21:59

101m traded. Big volume again....

[dr biotech] 11/10/2017 18:54

Well I bought just before the close. Probably explains the late drop into the close....

[mitchy] 11/10/2017 18:35

She'd loads of trades circa 178 - 179 going through after the bell !