Centrica Share Discussion Threads

[portside1] 08/11/2017 10:17

if these so called SWITCH companies were that honest ever one would be switched to one company they would be put with the cheapest , they are put were they get the best commission its a fraud

and ofgem do nothing so are they share holders of these companies

[portside1] 08/11/2017 10:14

IN THE END I PHONED bg and now have all my homes under them good deal fixed till aug 2019 and now mover both my daughters to bg , and homecare 400

[portside1] 08/11/2017 10:12

why have ofgem not charged those switch companies , go on their web sites and put in your details for who to change to , then try again using a slight difference in your details I did it 5 times and all different rates and companies they ARE FRAUDS

YES FRAUDULENT COMPANIES

[yump] 08/11/2017 10:02

That's odd - I thought CNA would take another downturn on the SSE news.

[hamhamham1] 08/11/2017 09:51

Supermarky. The update will provide some kind of share price movement (up hopefully but you never know). Then the main share price movement up will come once the cap details are known. Good or bad cap, I think share price will react positively. Until then maybe just a sideways move unless an epoch event like a government colapse :(

[supermarky] 08/11/2017 09:40

HHH I do believe in cnaIt's just a shame the market doesn't. I think they are a good buy at these depressed oversold levels

[portside1] 08/11/2017 09:31

just take a look at MANDLESON BANKRUPT THEN 3 YEARS LATER A MILLIONAIRE YES HE GAVE OUT THE GOV COTRACTS AND MADE MILIONS YOU DO NOT BECOME A MILLIONAIRE ON MP SALARY

[portside1] 08/11/2017 09:29

to those that do not no a few facts . the constant of gov interference of BT VOD
it was because certain MPs had self interests in other tech companies . yes it is illegal but fact the SFO /FCA WILL NEVER GO AFTER MPS .

most mps over the last hundred years have bought shares in companies that they have knowledge of gov contracts AND MADE MILLIONS
the big question on insider dealing why have the fca not gone after them

[hamhamham1] 08/11/2017 09:28

I did have some Fresnillo a couple of weeks ago for a few days. Sold them just above buy price. I thought it was too early for such defensive stock and the wild swings don't make for good sleeping.

[portside1] 08/11/2017 09:24

CNA does not need to cut jobs it needs to stop future investments , only the big 6 are investing for the future , tell the gov it is stopping investing for the future as it not worth investing to get such little return and interference from gov

but as CONN got any balls or is he gutless

[hamhamham1] 08/11/2017 09:22

Hi supermarky. Yes am a recent investor. I would not advise anyone on any investments. DYOR :) This is the only share I possess at the moment as I prefer most of my cash in the bank at this point of the overall market cycle. I am just trying to get across positive points about a company which I find interesting and innovative. Time will tell. Am not CFD or spread betting, just owning shares and prepared to be patient. Yes they could go down and buying in tranches is a good approach. But I would only continue to buy in tranches if you believe in the business. Who wants to keep lowering their average in a company that's not going to recover. There are other companies out there and don't forget the bank (Whilst that provides a couple of percent loss against inflation, that can be small fry compared to large capital losses) WTFDIK :)

[supermarky] 08/11/2017 09:07

HHH, I take it you are a new member of the happy cna investor club. The positive side to the company is there for all to see but the market ignores this. The share price has been in terminal decline since 405 area. We are so used to this going down. Then down more. Then more. Surely the market has overshot to the downside here. But it will probably go to 160 150 140 etc. I am patiently waiting for a recovery and would advise new investors to buy in tranches at these levels. You never know the trading update will give clarity and a bid may come. A cold cold wind from the north could also come. Mr conn could also pull a few levers. If he announces job losses because of government interference that would also boost the share price

[hamhamham1] 08/11/2017 08:53

Whilst I said that centrica were not into large scale power production anymore. They are adding smaller scale on demand generation units. These kind of units will beocme more relevant as the increase in wind and solar rolls out. You need to manage a steady supply. hxxps://www.centrica.com/about-us/what-we-do/distributed-energy-and-power

[capeview] 08/11/2017 07:47

Great reads Ham, just caught up on the ones from last night too. Makes a lot of sense.

[hamhamham1] 08/11/2017 07:18

I may have got carried away yesterday with wanting centrica to reduce their UK customer supply only figures to make them less under the influence of the government's capping. So steady figures would be good, along with a lowering of costs and increases in the groups other sectors. To keep centrica as an appealing safe haven I think retaining dividend is a big factor. But I guess you need to keep the profits rolling in to maintain the dividend.

[hamhamham1] 08/11/2017 06:53

I guess with centrica not so much into power generation anymore. Deals like this are their new upstream source of income under their new Energy Marketing and Trading arm. This area needs to grow. One advantage I guess is this approach requires less capital expenditure but I guess it is different to a traditional utility company. hxxps://www.centrica.com/news/centrica-signs-landmark-balancing-and-hedging-contract-for-wind-farm

[diku] 07/11/2017 23:35

Don't rule out cross sector mergers...why can't water companies merge with energy companies...

[wllmherk] 07/11/2017 22:28

CNA should start cutting their workforce when the cap comes into force and blame job losses on the Gov. They need to start fighting back.


wllm

[nortic 007] 07/11/2017 20:25

HHHI can only piggyback of your comments but well said.You should have a rest now your finger tips must be down to the bone.See what tomorrow brings

[hamhamham1] 07/11/2017 20:25

NPower will have to put at least 2/3 years worth of annual loss support for their part? So maybe they need to chuck in £300-400m to even out the deal - else SSE just subsidising NPowers exit?

[hamhamham1] 07/11/2017 19:41

Centrica share price would suggest it's in crisis. So lets look at the facts. It's making a billion and a half profit, it's not got a lot of debt, it's in a recession-proof industry, it has a large market share and it is has a solid reliable reputation.... Yep it's not 'bitcoins' (aka South Sea Bubble) but it's a solid profitable business.

[hamhamham1] 07/11/2017 18:42

Hi Nortic. I think SSE and NPower are trying to in effect create a 'bad bank'. It's probably right for these 2 particular companies for different reasons. For Centrica, I would keep the customer business as they have such a complete services model which fits around the customers that it's worth delivering the complete end user package. Centrica should take the hit on the cap and consolidate. They will pick up a lot of extra customers from SSE without their upstream support maybe. And Centrica have many other strings in their bow.

[hamhamham1] 07/11/2017 18:19

In do not think Jeremy Corbyn would bother nationalizing the customer sales side of Utilities. Does the government want to manage 30 million end users? It's easier just to pass a law and apply a cap. The only one that it's worth him nationalising is National Grid. With one single purchase he could threaten both the upstream producers and the customer side.

[nortic 007] 07/11/2017 18:13

HHHGood evening This is a note from Deutche Bank. Hope it helps with your analysis in some shape or form.DB Some comments on Innogy (Buy) & SSE (Sell) from our analyst Martin Brough - SSE has announced that it is in discussions with innogy about creating a new company which could include SSE's household energy supply and services business in Great Britain and innogy's household and business energy supply business in Great Britain. SSE say discussions are 'well-advanced' but no final decisions have been taken. The combined business would be listed and SSE would demerge its shares to its shareholders. At first glance investors may think this looks risky for SSE but interesting for innogy since SSE's business is profitable and innogy's is loss making. However details may be imprtant - for instance it might be possible that innogy could put cash in so it's hard to comment on principle. Our published sum of the parts values SSE at about 1000p per share plus the whole of retail (including business supply and the supply business

[hamhamham1] 07/11/2017 17:51

So ybe they will be renamed 'the big four and the one who is locked in the attic'