Centrica Share Discussion Threads

[gaffer73] 22/11/2017 12:47

Net debt is 2.9b as per last results. Targeting 2.5b by EOY.

[robert pennell] 22/11/2017 12:04

Quick - buy shed loads before they go up even more - the tied has turned

[hamhamham1] 22/11/2017 09:44

Hopefully will be good reporting tomorrow especially for divisions outside the gov's grasp. If not, Conn can bend over and I just want to see Wilbur's webbed feet left sticking out!

[nortic 007] 22/11/2017 09:34

I can only compare CNA to a Datson Cherry at the moment but hoping for a Ford Capri tomorrow:)

[hamhamham1] 22/11/2017 09:23

Nortic. Looking under the bonnet can sometimes be confusing. Maybe its better to just kick some tyres, tutt a bit and suck my teeth!

[hamhamham1] 22/11/2017 09:19

But then the next lines say that maybe debt is 61% of 'capital value' so that would be a net debt of just over 3bn? - Maybe its this figure if you remove the capital exp? Its all too confusing :) ..."Gearing, measured as group net debt divided by UUW's shadow (adjusted for actual spend) regulatory capital value, was 61 per cent at 30 September 2017. This is the same gearing as at 31 March 2017 and remains comfortably within our target range of 55 per cent to 65 per cent. "

[nortic 007] 22/11/2017 09:03

You're a better man than me when It comes to looking under the bonnet but you're about spot on.Good to have you back :)

[unastubbs] 22/11/2017 09:03

www.bloomberg.com/news/articles/2017-11-22/worst-year-for-centrica-leaves-investors-unimpressed-on-strategy

“The share price is in effect already pricing in a dividend cut” which will happen if profit margins in energy supply can’t be sustained at 5 to 7 percent, said John Musk, an analyst at RBC Europe Ltd.

[hamhamham1] 22/11/2017 08:58

UU. Nortic. They making a profit. Looking under the cash flow section, does it say that they have 6.7bn or 7.4bn or 8.6bn of debt? Any of these I guess show a net debt of way over the market capital? Or am I reading it wrong?

[unastubbs] 22/11/2017 08:50

united utils

[yump] 22/11/2017 08:42

careful

Algorithms have caused quite a few (minutes?) market crashes over the last few years i think ? So presumably they can do it for individual shares as well.

[nortic 007] 22/11/2017 07:09

UU's out this morning. Worth a read.

[essentialinvestor] 21/11/2017 22:55

Buffett's .. our favoured holding period is forever,
refers to Berkshire owned companies, not to their listed equity
book.

If Warren changes his mind on the value of a listed holding, as with TSCO,
or IBM as a recent example, they are ruthlessly weeded out.

No room for sentimentally behind his folsky exterior, just ruthless efficiency.

[losses] 21/11/2017 22:22

I disagree with not keeping an eye out on your investments.. the markets and style of investing has changed from young days of Buffet... I remember the days when you had to purchase a News paper to check share prices or teletext... everything was on paper buying and selling was a nightmare..Now with tech and live prices things change too fast... you can make or lose mega bucks in seconds if not careful..

[careful] 21/11/2017 22:14

It is better to look away and forget.
These should medium/long term investments.
But I have never had the will power to look away for long enough.

I remember reading that in the earlier days Warren Buffett never allowed computers in the offices.
Once purchased his view was to hold shares for at least ten years or even for life.
Why check every minute if you are serious investor?
Its like planting a young oak tree and checking every day.

Day traders play a different game.

[jpjohn1] 21/11/2017 22:04

If its down tomorrow it looks like being into £1.50s, at these silly prices it looking like it's getting a bit desperate now !! Some people might just cut there losses, and sell. I'm not, I will stick it out till its back up there. If the update is nothing special and the share price don't move much I will just log off for a few months ( for me, if I can't see it I don't think about what's happening. I find it is a good way and no stress at all) my others shares come up as soon as I put on my iPad but I'm not in to heavy with other companies

[jpjohn1] 21/11/2017 21:34

Yes this can't keep going down, but at what point it stops and reverses time will tell. On all charts it looks a continuing downward trend but at some point it will have to stop and reverse or go bust which it won't do. We will all have to be patient or loose a fortune selling. The dividend concerns me would it be best for them to stop it and spend it on buy back ? Some of you think so, because it is so good I'm afraid some people would think why bother to buy it without that good dividend,to be honest I am not to sure which is the best way to go. ?

[careful] 21/11/2017 19:16

Looking at Greg Clark, the minister who will decide on the governments price cap strategy.

He is an economist with a Cambridge Ph.D, and relevant experience.

It is unlikely that he would propose something stupid, extreme and un workable. His Ph.D thesis was about incentives.
His long term reputation will be made or broken by this legislation. A one off opportunity for him to be seen as a competent and capable minister.

Hoping he gets it right and does not do something stupid for short term political gain or to placate his boss Theresa.

[careful] 21/11/2017 19:01

high frequency trading up to 1 million transactions per day must be a safe way to follow trends.
This is how algo trading seems to work.
Just Keep buying and selling every millisecond until the trend reverses.

It seems to create some very extreme prices.
Thinking of GLEN at 69p.
KAZ at 188p.
RR.at 81p.
CNA at 160p

[yump] 21/11/2017 18:41

Computer says 'a share is most likely to continue in the same direction it is going'. So the AI programs keep selling regardless of value, until something turns the tide or equalises the automatic sales.

Then at some point enough discretionary money invests (funds etc.) to change the direction despite the selling. Then the AI sees a different pattern and stops selling. After a while it starts buying, which then continues because the share price is most likely to continue in the same direction.

The only certainty is the funds and (connected?) analysts won't tell you before they buy, only when the share price is up 30% or so.

[warranty] 21/11/2017 18:40

There is certainly a concern in the market at the moment with many of the income generating "safe" stocks. As well as CNA I'm also well under water on NG. SGC, PFC, IMB, SSE, GSK, BMS, Barc and LLOY. In fact only HSBC, SLA and LGEN are showing real gains apart from copper miner CAML. Some of it we can put down to trading but in other cases, including CNA, I just think they are out of favour with the market. Since I'm personally more interested in income than capital gain, as long as they keep paying I'm happy to keep holding. I think all of my underperforming shares are solid, soundinvestments and using Warren Buffets attitude, I'd say now is as good a time as any to add if you can. Over time I'm sure you'll see the benefits.

[gaffer73] 21/11/2017 18:09

I have money to double my holding but I can't bring myself to buy yet.

[jpjohn1] 21/11/2017 17:54

That's the problem supermarky, if we only new that it hit the bottom I would buy again. With having two large tranches I don't want to take the risk, I know it will lower my averages. Fingers crossed on some positive news