Centrica Share Discussion Threads

[wi1l] 23/11/2017 10:39

Doubled my holding - can't get 9% yield on my savings a/c, so considered it a good opportunity as the fall IMHO is overdone and this will recover in time.

[knowing] 23/11/2017 10:39

The other fundamental to consider is that Tariffs have risen quite significantly so although the customer base has dropped guidance is still maintained. If BG come in with a new lower Tariff they can up the customer base again and then presuming Tariffs continue to rise on the back of commodity costs there will be a significant upturn.

In terms of cost savings Smart Metering will be a big driver in this as it can better manage load management and reduce settlement costs.

[knowing] 23/11/2017 10:35

Don't think it will be Shell. There are many Chinese Utilities looking for a slice of the European market and this may present a good opportunity for them.

[w1ndjammer] 23/11/2017 10:28

got my average down to 157p i am sure there are more cost savings to make
in this company, if not then Shell will take them out and show how to cull the
dead wood.

WJ.

[nortic 007] 23/11/2017 10:26

1fox1Yes I have but what do I know :)

[dmf] 23/11/2017 10:25

Drop appears overdone....looking to buy, will wait a little longer

[kiwi2007] 23/11/2017 10:24

9% yield? Fill your boots !

[11_percent] 23/11/2017 10:15

The drop here is well overdone. Not saying it won't go lower, but I amm ready to buy a few.

[tim 3] 23/11/2017 10:13

Looks like they are attempting a double bottom at 1.33.(which is also historic support)

If it holds could provide a nice foundation for a bounce.

[essentialinvestor] 23/11/2017 10:13

The dynamic in UK domestic power supply has altered dramatically
with a changing political bacdrop.

A not for profit energy supply company in Scotland,
a price cap looming large and an official opposition who want nationalisation
and will...not guarantee to pay the market rate in doing so.

As I mentioned at the time of the CEO's share purchase, it was an insignificant
amount in the context of his total salary package and wealth. Just IMV only.

[1fox1] 23/11/2017 10:07

Nortic have you bought anymore yet to average down?

[knowing] 23/11/2017 10:07

Wait until the next update when they say they have gained 500K customers.

[aussiedonnie] 23/11/2017 10:07

No ones using British Gas anymore, they're to pricey. I see no growth here at all and I won't be surprised to see CNA @ 90-120p in the weeks ahead.

[riviera1069] 23/11/2017 10:06

Well I've bought in. Never invested in CNA before but im thinking at this level its a good entry point if trading or investing. GLA

[andyj] 23/11/2017 10:04

I agree Minerve, as a holder from 2.05, the initial reaction was painful, but after reading it, my thoughts have changed.Granted the customer loss is a concern, but that does not merit the scale of the fall. This is still a business generating huge amounts of cash and one going through a difficult spell. It is not a dying business or even one in serious decline. In fact the fall is a gift. I will be buying heavily soon, but not yet.

[knowing] 23/11/2017 09:55

The drop is down to the loss of 800K+ customers but this is swings and roundabouts.

[minerve] 23/11/2017 09:52

You don't want to listen to Portside. He is a complete idiot.

[1fox1] 23/11/2017 09:51

Portside Looks like your Christmas gifts aren't such a gift after all. Doh.....Why did I buy these at 172p :o(

[nortic 007] 23/11/2017 09:45

HHHBought 25/- down here.A fool and his money comes to mind :)

[minerve] 23/11/2017 09:45

Obviously you can see the mindset of the BOD when they say they are happy to ride with a lower dividend cover for the immediate future.

If they generate enough cash they should be able to pay a dividend and manage the decline like the tobacco stocks with share buybacks etc.. Somewhere there should be equilibrium and support of the brand. I don't believe you can carry current trajectory on forever.

[nortic 007] 23/11/2017 09:41

Makes you wonder if the Government have got a little more than they wished for. They MIGHT just soften their stance. They need their tax receipts.

[minerve] 23/11/2017 09:39

I read the entire statement. Struggling to see how this equates to a 16% drop.

[minerve] 23/11/2017 09:32

This still generates a ton of cash. Which? consumers don't really help because they don't base their promotion on an holistic review of suppliers. How many of those tin pot outfits actually invest in networks/supply etc? How many share their profits rather than let them go to a few wise guys who manage the call centre? This isn't competition. They aren't competitors - they are parasites.

[minerve] 23/11/2017 09:29

Had a quick look, am I right 12p div?

That is yield of 8.83% as we speak.