Centrica Share Discussion Threads

[yump] 21/11/2017 09:51

Slightly o/t but in the pub last week one of our group started moaning about the profits made by utilities in general - quoting something in £xxxmln's that he'd heard on breakfast news.

I find it particularly annoying that alongside profits announced on TV, there is NEVER any mention of what levels of capital investment are required to keep our services going, or more importantly what level of profit is needed to be retained to ensure future capital investment can take place.

There could at least be a debate about that, rather then the banal 'look at all that profit they're making - its not fair - they should return it to me' stuff.

Whatever happened to the principles of publishing to partly inform and educate the public that were actually present in the 19th. century...

[careful] 21/11/2017 09:48

It was the other way round according to todays telegraph.
HMG knew that Centrica was about to publish new proposals,
Then May plundered the idea to announce an initiative at the tory party conference.

Apparently Centrica were angry at such a stunt.

Beginning to think May is incapable or original thought.

[portside1] 21/11/2017 09:47

just added 46k

[nortic 007] 21/11/2017 09:45

Woolworths pick and mix ;)

[unastubbs] 21/11/2017 09:43

3 pounds a share - there's another!

[yump] 21/11/2017 09:38

"man at cna"

Now there's a distant memory ;-)

[gaffer73] 21/11/2017 09:35

Portside, and what would the company gain? They are not going to bankrupt themselves to gain 50p on the share price.

[portside1] 21/11/2017 09:20

centrica div payments 600m a year plus they do not use all the profits on divs less than half the profits cut future spending and it will take just under 18 months
from feb

[nortic 007] 21/11/2017 09:19

unastubbsI wish I'd done that trade.Good luck

[w1ndjammer] 21/11/2017 09:18

The down trend will have to stop at some point, i can say with some certainty
they are not going bust, so zero is not on the cards.

i still maintain Shell will buy them out. If they can`t sell petrol, they will
be keen to sell electric for cars.

WJ.

[unastubbs] 21/11/2017 09:17

now joined nortic as another "man at cna" - own 100000 of these - average GBX 1.6273

[portside1] 21/11/2017 09:15

it looks like a fund as been given the update to reduce its holding to buy back next week

[gaffer73] 21/11/2017 09:13

That would cost a lot more than two years divi's. Until the details of the price cap are announced there is nothing CNA or us can do except ride it out.

[portside1] 21/11/2017 09:12

at todays div of 12p a year it would only take 18 months to reduce the shares to 4b
that two finals and one interim .

[portside1] 21/11/2017 09:10

no not sell reduce share issue , start now to buy back shares stop the divs till share issue under 4b

[portside1] 21/11/2017 09:08

and I still say they should stop the div for the next two years and buy back stock
its the best way for holders share price would go up and reduce the cost of divs going forward buy back 1b shares

[4seeaproblem] 21/11/2017 09:06

I can only see this downward trend being snapped if the market is made to wake up to true value.

That means either externally driven interest i.e.a takeover or, Conn puts the Business up for sale. Of course, he would not say it like that, but it may be termed as "a strategic review of all options available to deliver value back to our shareholders".

[portside1] 21/11/2017 09:05

THE BEST THING TO DO IS BUY MORE TO LOWER YOUR HOLDING I will buy more tomorrow to reduce my avge to under 166p

[portside1] 21/11/2017 08:56

having now read yesterdays statement CONN NEEDS TO GROW SOME BALLS

[portside1] 21/11/2017 08:54

NORTIC . a company runs its business to make money and generation companies need to make a good return for future investments . so why bother if gov stop you making money to invest in future generation . to run a station it needs cash things break down all they need to do is tell the gov/ofgem if a station breaks down they will take it off line simple as that

[nortic 007] 21/11/2017 08:49

I see your point. My only concern is if they were to do what you've said in the last paragraph it might look like the classic case of the utilities chucking their toys out of the pram. Better if the likes of CNA preempt the Government and makes their move first.I appreciate your thoughts .

[nortic 007] 21/11/2017 08:34

Portside1Do you think Conn will pull a rabbit out of the hat.... maybe a share buyback?