Centrica Share Discussion Threads

[nortic 007] 20/11/2017 07:12

Warranty Good post.With age comes experience.

[jpjohn1] 19/11/2017 23:09

Just looked at performance of CNA we are down 48.44% of the price it was five years ago, let's hope we get a good one this week when they report :)

[jpjohn1] 19/11/2017 22:56

Yes well said warranty

[gaffer73] 19/11/2017 22:32

Well said my man

[warranty] 19/11/2017 20:08

Careful, I personally don't consider myself European, I am British, English, Mancunian and being of an age, even Lancastrian which they've tried to take away from me. I voted No to the Common Market in 1975 because even then it was clear to me that lies were being told about future developments. As far as us all having formed the laws and financial arrangements within the EU, that is the biggest lie of all. Successive Europhile governments feathered their own nests over Europe and never again gave the voters an option to tell them what we really think or wanted until Cameron (certain he would win) carelessly but thankfully gave us that chance. I worked for 40 years in a French multinational which had five U.K. Factories when I joined. Today there is one, though much reduced, and the majority of admin been exported to Rumania, as many other companies are doing. The young people of today are being fed the same lies and deceptions we were all those years ago and understandably believe it. Fortunately us oldies can save our kids and grandkids now we know the score, which wasn't the case in 1975. Put your faith in your British brothers and sisters and get behind Brexit. It will deliver far more than we will lose from the EU.

[jpjohn1] 19/11/2017 15:39

Yes careful, I think in the UK people do not like to be told what to do, we are and always will be a very independent country and never liked being told by another country what to do. It is true some industries will get a poorer deal an other industries get better deal. In construction industry they found out it was 99% wanted to leave because of Eastern Europeans would do the job cheaper. The likes of plasters, brickes, electrians,decorators etc all I know voted to leave. We just have to get on with it now, we are leaving, so let's get the best possible deal for the UK. But as I said before I would not give them a penny and just leave.They have taken the UK for a milk cow for long enough, don't get me wrong I like Eastern Europeans and know a lot, but just remember we are one of the densely populated countries in the world, even more per square mile than China !!

[careful] 19/11/2017 13:15

I must finally out myself as a remainer.
My last word on this topic, which seems destined to go on for ever.
I feel even stronger since the vote.

Always tried to understand the arguments of the leavers, many of them intelligent people to see if there is something I have missed.

I compare it to being a member of a golf club.
On balance there are far more advantages than disadvantages.
But there will be many issues that we do not like and disagree with, but as members have to put up with.

I have come to a conclusion about the difference between us.
It is that most of you refer to the EU as 'they' and never 'we'.
Many leavers forget that we in the UK has agreed and helped to create every single law and financial arrangement in the EU, with the power of the veto on everything.

It is 'we' in the eu and not 'they'.
The UK had the best of all deals.

[gaffer73] 19/11/2017 08:25

Mine too. The EU has had enough money off us over the last 30 years. And before anyone mentions the money we get back, we have never received more than we have paid in.

[jpjohn1] 18/11/2017 18:59

Lets have peace now, we are all leavers. None of us no where this is going to end up, only time will tell. Generally speaking the older you are the more harder brexit you want , people under forty think the older generation are wrong in voting to leave, it will never change and we all have to just get together and do which is best for the UK. As I said before I personally would like to walk away from it and not pay them a penny and that money to go to the NHS, looking after the elderly etc. But that's just my view, we all have our own opinion

[careful] 18/11/2017 17:40

It is stupid of me to give the impression that all Brexiteers think as one.
Same applies to we so called remoaners.

But the anecdotal evidence indicated during the referendum that many voted to reduce a free flow of immigration from the EU and elsewhere.
Also to save lots of cash that could be put to good use.

Many now realise that these issues are complex and cannot be delivered. They also realise that there are significant risks to the economy in other areas.

Having said that, both Brexiteers and remainers have positions that seem to be even more entrenched than ever.
Only if the economy turns down, inflation rises because of a weak currency, interest rates rise and jobs are lost will this debate get serious.
A phoney war right now.

[dr biotech] 18/11/2017 16:02

It wasnt just the remain side that lied.

I've still yet to hear a good argument about what we are going to export (and to whom) when the EU countries will have a preference to trade within their own bloc. For example we sell scientific instruments - currently there is a 7% tariff on selling these to the US - where we are struggle anyway due to the more significant shipping cost. Our European head office is Manchester, its going to go Germany and our UK manufacturing site will (probably) close. Makes economic sense.

If we are going to sign deals with Korea/China/India and other low cost manufacturing economies our balance of trade is only going to go one way. Perhaps sterling will collapse and we will become competitive that way. I am expecting slow growth (if at all) over the next few years and a balance of payments crisis. I hope I'm wrong, But it seems obvious that we don't have a clue as to what we want from the divorce. Don't get me wrong their is a lot wrong with the EU - lack of democracy - but only the readers of the express and mail think we are heading for some sort of nirvana.

[jpjohn1] 18/11/2017 15:51

Warranty well written Sir

[warranty] 18/11/2017 15:22

Steady careful, you're at risk of sounding like a sour remoaner who thinks anybody who voted leave comes from the backwoods. You have your view and I totally respect that but insinuating that a majority of Leavers didn't understand the risks are both wrong and patronising. Most were actually well aware of the risks following the barrage of lies and scare tactics used by the Remain side yet still decided to vote out. There will unquestionably be some job losses and movements initially but surely it's clear to you now that with or without a deal, the U.K. will prosper greatly untied to a failing over beaurocratic, unelected, anti enterprise group with a falling share of world trade. We can do deals with growing nations whilst the EU falls in on itself, which it will.

[jpjohn1] 18/11/2017 13:31

One thing good on CNA. What a lot of you chaps say are very interesting and it is nice to see your comments. You all seem a sensible bunch so a pat on the back. On some other the shares I look at the comments, and they are really stupid and not helpful in any way. CNA looks a steal at these price, I said before I cant understand why this is not snapped up at these prices, I think it's because of the price cap and it's the uncertainty. I have been lucky lately making a touch under £22 k in about 1 year and 9 mths. But the shares I own at the moment if I sold them would leave little if I was stupid enough to sell. So for me its just sit back and wait for each one to go back up, a bit boring but I don't intend to loose a fortune. Luckily each one as a good dividend, :)

[skinny] 18/11/2017 13:02

Complete uncoupling this year.

[careful] 18/11/2017 11:42

A GDP of about £2,000bn.
The worlds fifth largest economy.
We had it made, with our own currency and central bank.

We were crazy to risk it.

[dr biotech] 18/11/2017 10:58

I think with regulation things never turn out to be as bad as feared. I don't think the govt has a clue how the price cap would work. As with the FOBT regulations we will probably get some weak legislation that avoids any proper damage.

Must admit I have had a mixed year. I recently bought in here and am only 2-3% down - also bought BT around 280 which hasn't been great and have seen my GSK shares drop from 1700-1300 which has been the most painful. Also have 20% in Woodford which has underperformed the market but my largest two holdings (Marlborough smaller cos and microcap) have done very well.

I'm thinking next year will be hard as the reality that Europeans will turn their back on us will dawn and we will lose a lot of highly paid jobs to the continent without any replacements. I hope I am wrong, but I can't see Trumps policy of "america first" and our desperation to get any deal signed as a great mix. Its certainly going to hit my business as we export a lot to the EU and any tariffs will cost us.

[andyj] 18/11/2017 10:24

I agree Tim, CNA might not be shorted (yet), but many of the list I wrote are. The hedge funds are always looking for weakness and hesitancy amongst buyers. Let's hope the trading statement doesn't give them an opportunity.

[tim 3] 18/11/2017 10:18

Good post andy.

I am in a similar boat have never known so many companys I consider to be basically sound so heavily beat up particularly at a time when the ftse is so high.

Was reading an article Woodford wrote a month or so ago and in which he basically said the way he has invested and valued companys which has proved highly successful for decades has not changed despite the fact that many of his holdings have recently underperformed and few of them have taken part in the market rally of the last couple of years.

I still think the key to long term survival in this game is buying value and having a diversified portfolio.

[sooty snipes] 18/11/2017 10:18

FFS.... Who said this was cheap at 175p? Blimey 163p. I bought way to early. Chart is beginning to look really ugly. Could it hit 125p? Hope not but 150p looks very likely imo. Considering to cut and run :o( Mind you where can I get the income return this pays? Maybe I should stay after all.

[careful] 18/11/2017 10:03

It seems to be a buyers strike.
I have a large holding here, second only to BT.
(yes I too am having a poor year).
Many of my other holdings are doing badly al

But why so little buying at these levels?
Worrying.