Centrica Share Discussion Threads

[meganxmas] 23/11/2017 12:00

This is very different to carillon in terms of cashflow profile and exposure to drops in revenue and working capital impact therefrom. Carillon are at mercy of suppliers and creditors now. centrica have lots of challenges in energy supply market BUT have also huge opportunities in smart connected homes and in renewable / storage technologies. I think one to buy, tuck away for dividend and eventual takeover or business transformation. My view only.

[pj fozzie] 23/11/2017 11:47

Oh how I laugh at you people weeping at having bought at sub £2 values - I bought at just over £3, convinced CNA was good value, having dropped from £4.

With every drop, I've believed that the drop was over done and bought a few more.

Carrilion deja vu :-(

(I finally sold my Carrilion shares at £1.24 - thank goodness I bailed at that point!)

Not selling Centrica, not buying more.

Depressed,
PJ

[mj19] 23/11/2017 11:42

I hope it creeps back upThese guys don't think sohttps://investomania.co.uk/2017/11/centrica-plc-slumps-15-trading-update-better-dividend-buy-j-sainsbury-plc-easyjet-plc-legal-general-group-plc/

[minerve] 23/11/2017 11:37

Bought first tranche of what will be a small holding in my portfolio; 2-4% ish.

[orinocor] 23/11/2017 11:34

This is a bloodbath. If it was a boxing match the ref would have stepped in and stopped it.

[ch1ck] 23/11/2017 11:34

Salt I agree this is a buying opportunity

[saltaire111] 23/11/2017 11:33

I just bought in. Sell off overdone. Divi safe and debt levels perfectly acceptable. Not in the slightest but concerned about Jeremy Corbin. Now a solid buy in my view and great yield.

Salty

[mj19] 23/11/2017 11:00

At least the Divi is still there... for now




3 hours ago

Nicholas Megaw

Shares in Centrica dropped sharply on Thursday morning, after the owner of British Gas was forced to reassure investors that it would maintain its dividend amid heavy customer losses and pressure to cut prices.

Shares in the company were down 17 per cent shortly at publication time, which if held would mark the company’s worst one-day fall since shortly after it was formed in 1997. The FTSE 100 was down by 0.2 per cent.

Centrica said it had endured a “disappointing” start to the second half, losing 823,000 domestic energy customers in just four months.

The company said it may have to operate with historically low dividend cover “for a period of time” in order to maintain its payouts

[mj19] 23/11/2017 10:59

I bought 10,000 shares after I saw conn buy. I bought at 171 stop was at 169 lost a bit .....and then bought 5000 this morning at 134.2
Lucky escape

We need a bid or merger..... while they sort out I will take the divi

[strutt12] 23/11/2017 10:54

10,000 @ 134.19p my average still higher than I'd like. My reason for buying and the company hasn't changed.

[barius] 23/11/2017 10:53

Averaged down to 166. Will be interesting to see where they finish today.

[gregpeck7] 23/11/2017 10:43

Considering it had been dropping into the results it looks a very tasty price now. Bought in.

[w1ndjammer] 23/11/2017 10:43

Shell look along way ahead, they will want to sell electric when petrol becomes obsolete. what a great way to gain 30 million customers.
Not forgetting all that gas they have recently invested in.

WJ.

[minerve] 23/11/2017 10:42

Essential

Agree with your points but does that completely remove the investment case for CNA in your opinion? Will you be looking to buy in?

[dmf] 23/11/2017 10:42

Bought some 134.40

[cernunnus] 23/11/2017 10:40

Avg down to 160. Hopefully cna buying shares back at this price, would show a heap of confidence.

[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.