Centrica Share Discussion Threads

[portside1] 10/11/2017 09:28

just added another 1178 a div payment I got to day just under 2k div so put that in to CNA IT AS NOT LOWERED MY AVGE OF 172P

[hamhamham1] 10/11/2017 09:22

Andy. Yes was it 165.8 the low on the daily chart? (according to my rubbish google chart) - I guess as you say if cna are bottoming out then its not unusual to revisit the previous low, then heading back up. But breaking below that on a daily close probably not good.

[andyj] 10/11/2017 09:00

Here we go, another retest of 1.66, important day technically. A lower low will encourage the bears, stability here will round the bottom.

[hamhamham1] 10/11/2017 08:50

I presume those charts are for both gas and electricity? As I went to the electricity section on OFGEM website and it gave the exact same figures???....

[portside1] 10/11/2017 08:44

friends of the earth going on about GLOBAL WARMING do they not understand if energy becomes cheap and chips the people will just use even more , the only reason that the lights have not gone off is because of costs if that goes then energy use will go up big time why would you switch off your heating or lights

its time these people going on about GLOBAL WARMING WOKE UP OR ARE THEY TO THICK TO SEE THE WOOD FOR THE TREES

[portside1] 10/11/2017 08:38

were is the money going come from for future investment in power .

CENTRICA SHOULD DO THE SAME AS THE SMALL SUPPLIERS DO NOT PUT MONEY ASIDE LET THE GOV FIND THE MONEY ,

COME ON CONN CANCEL ALL FUTURE INVESTMENTS

[hamhamham1] 10/11/2017 08:30

I would very much welcome comments on those charts from all.

[capeview] 10/11/2017 08:28

It almost makes you think they are focusing on these kinds of things because they don't know how to handle Brexit.

[hamhamham1] 10/11/2017 08:26

If I look at the charts on the link below from OFGEMs website, to me it looks like the big 6 make about £1bn profit overall between them for domestic retail supply and about £300m profit overall between them for business retail supply? Even the entire power generation side is added to the mix this only makes another £1bn on top. Is it really worth the government trashing a vital industry which only makes these kinda profits across the whole market???...Look at all the charts in this link...

[portside1] 10/11/2017 08:11

bnuy buy buy its a gift they are very rare that you are given the chane to make easy money

[portside1] 10/11/2017 08:10

the uk is only just managing to produce enough elec to keep the lights on
if the likes of drax and another staion went off line we would be having cuts

[nortic 007] 10/11/2017 08:09

Spoken like a true nutter :)

[nortic 007] 10/11/2017 07:18

You make a valid point sir.

[hamhamham1] 10/11/2017 06:42

If Corbyn was to nationalise the customer retail divisions of the utilities. Then surely they would have to nationalise all the big 6 (or 5) plus the 60 new small players as I don't think the gov could nationalise part of the market? If Corbyn stops at just the retail nationalisation he would still be beholden to the sell price of the upstream suppliers?

[winner31] 09/11/2017 23:19

This is going up from here , my target and I am rarely wrong is £2.20 over the next 3 months , please don't listen to people on here who have an agenda to suit their needs ,it may dip tomorrow and I will be adding big time ,common sense will prevail

[diku] 09/11/2017 22:35

porty..what going on here...just slammed down below 170p again...think 150p coming...

[wllmherk] 09/11/2017 21:57

Thanks Goldp, I didn't think it would as simple as the media would have us believe.

wllm

[goldpiguk] 09/11/2017 20:49

Hi wllmherk,

A Corbyn Government would most likely want to exchange the shares for bonds. However if the offer is unsatisfactory it would end up in The Court of Arbitration at the Hague with the UK Government bound by the decision. Any Nationalisation would be much more complex than the post war one as many of the companies are now International businesses.

What is interesting is the way SSE and NPower are planning to combine the domestic supply businesses which Labour wants to nationalise. Similar tie ups among the big six/five seem quite likely. Politics is in such a bad way at the moment you can expect a future Labour Government to work with the same efficiency as the current Tory one to the detriment of the people it is elected to serve.

Personally if this Government lasts several years I half expect the leaders of Labour, Tory and Liberal Democrats to have changed by the time of the next General Election. The issues at that election are also likely to be very different to the ones the last election was fought on.

Goldpig

[wllmherk] 09/11/2017 20:28

Does anyone know how nationalisation would work if Corbyn got into No10, for the Gov to buy Centrica would they not have to make shareholders an offer that they could either accept or reject ?

He couldn't just cancel our shares costing hundreds of thousands of shareholders their
investment, that would be illegal surely, furthermore, I would imagine most pensions will hold stock in the utilities, nationalisation would potentially destroy the value of pension investments ?

My own view is it will never happen even if comrade Corbyn gets into power.

wllm

[jpjohn1] 09/11/2017 17:58

Hope the share price improves, logging of till the 23rd, I find when you down loads this is the best thing to do, it a lot less stressful if you don't know what's happening, good luck chaps

[hamhamham1] 09/11/2017 17:24

Maybe we would have left the EU but the great repeal law would have already copied all the EU rules onto UK statute.

[anley1] 09/11/2017 17:20

How come as it would require a new vote to abide by EU rules as the process to come out has been triggered and is not reversable in my view.......

[careful] 09/11/2017 17:14

The annuity comparison is interesting.

A 55 year old man can sacrifice £100,000 of his pension pot and buy a flat annuity of 4.2% until he dies.
It falls to 2.6% if the payment is uplifted by 3% per annum.

CNA are paying 7% right now, and owning the shares you do not have to sacrifice their value.
No contest. CNA could triple by the time a 55 year old dies.

There is something wrong with todays prices.
Corbyn has really spooked the markets.
I still cannot imagine him at number 10.
And if he gets in, I doubt if he could nationalise because of EU rules.
(yes, them)