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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Centrica Plc | CNA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.95 | -0.75% | 124.95 | 16:35:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 125.40 | 123.85 | 125.55 | 124.95 | 125.90 |
| Industry Sector |
|---|
| GAS WATER & UTILITIES |
| Top Posts |
|---|
Posted at 02/12/2023 13:15 by salisbury3 timmy40 - I think the answer to your question depends, basically, on whether gas is purchased by the supplier at above or below the market cap price. As wholesale gas prices seem comparatively low at present, I would tend to the view that this is good news for Centrica investors. I got in earlier this year at 114 and got out at 170; then back in at 158. I am hoping for 170/180 by the end of January when we should know the full-year position. |
Posted at 05/11/2023 01:17 by lauders Well we are due the dividend on the 16th so an update could come with it or before it. Not mentioned in the financial calendar: Last year's TU was on 10th November. |
Posted at 10/10/2023 15:19 by salisbury3 My understanding of shares held in treasury is that they do not attract a dividend. The share buybacks should ultimately add value for investors as they are no longer shares "in issue". It is not politically expedient for Centrica to pay a huge dividend! |
Posted at 17/4/2023 18:56 by waldron Boozeythanks for that, much appreciated Alas in my view BuyBACKS only give support to the current share price but not enough to promote an upward trend Some will wonder why theres not profitable future projects to be invested, others will wonder why not a divi increase and leave investors to decide whether to reinvest I WILL TAKE A PEEK TOMORROW CHUCKLE AND CHEERS |
Posted at 06/12/2022 09:55 by blackhorse23 bought @ 32p during covid now getting out and reinvesting in CURY (LSE) https://www.curryspl |
Posted at 18/11/2022 14:13 by diohohku proactive logoOutlook for SSE, Centrica and Drax is 'materially derisked' by autumn statement, says JPMorgan 11:11 Fri 18 Nov 2022 Oliver Haill View SSE PLC LSE:SSE SSE PLC - For UK power generation companies, including SSE PLC (LSE:SSE), Centrica PLC (LSE:CNA), and Drax Group PLC (LSE:DRX) the autumn statement from Jeremy Hunt "materially derisked the outlook" and could lead to earnings upgrades, according to JPMorgan. The investment bank reiterated its "positive view" on the trio "as we believe investors have enough visibility on earnings to turn more positive", though it said there remain some questions to be answered for the sector. Acknowledging that some people were hoping the chancellor might have doled out more generous investment allowances or a higher threshold for excess profits as part of the budget statement, the analysts said pointed out that "these companies still have significant leverage to higher power prices, and we anticipate earnings upgrades to come". From an investment point of view, the analysts suggested that SSE, Centrica and Drax offer "positive earnings momentum at attractive valuations, with opportunities for value creation in a volatile energy environment", including from gas storage, flexible generation and trading. Similar feelings were shared elsewhere, with Citigroup saying the budget statement "increased clarity", with Centrica its preferred UK utility. |
Posted at 10/11/2022 07:10 by waldron 10 November 2022Centrica plc Trading Update and announcement of a share repurchase programme Centrica plc (the "Company") has continued to deliver strong operational performance from its balanced portfolio since its Interim Results in July and now expects full year adjusted earnings per share to be towards the top end of the range of more recent sell side analyst expectations(1) . The Company maintains a strong balance sheet, with overall levels of liquidity having increased since the half year. Volumes from our electricity generation and gas production activities have remained strong, while in October we announced the reopening of the Rough gas storage facility, all of which contributes to strengthening the UK and Ireland's security of supply. In addition, in Energy Marketing & Trading our optimisation and route to market activities continue to perform very well, playing a critical role in storing, transporting and balancing energy supply across Europe. Broader inflationary and economic pressures have impacted both our cost base and customer numbers in British Gas Services & Solutions, while warmer than normal weather in October has contributed towards lower volumes and profits in British Gas Energy. As a result, we expect adjusted operating profit in our Retail division to be lower than current expectations. With over 10 million customers, we are acutely aware of the difficult environment facing many people and we remain committed to doing what we can to support those who need our help most. Today, Centrica is announcing an additional GBP25m of help for our customers, taking the amount we have invested in voluntary customer support this year to GBP50m. We said at the time of our Interim Results that we would continue to make efficient use of capital, including the potential return of any surplus structural capital to shareholders. Reflecting the Company's recent performance and outlook, together with the work undertaken in recent years to strengthen the balance sheet and ensure appropriate liquidity, the Company is announcing today it plans to commence a share repurchase programme of up to 5% of its issued share capital. There are significant uncertainties that remain over the remaining two months of the year, including the impacts of weather, commodity price movements, asset performance and the potential consequences of a weak economy and high inflation on commercial performance in British Gas Services & Solutions and bad debt in our energy supply activities. The Company plans to host a virtual teach-in for institutional investors and analysts on our Energy Marketing & Trading business on the morning of 1 December 2022 and the 2022 Preliminary Results are scheduled for 16 February 2023. The person responsible for arranging the release of this announcement on behalf of the Company is Raj Roy, the Company Secretary. ENDS |
Posted at 28/3/2022 06:01 by waldron European markets head for higher open as investors follow Ukraine developmentsPublished Mon, Mar 28 202212:51 AM EDT Updated 17 Min Ago Holly Ellyatt @HollyEllyatt cnbc Key Points European stocks are expected to open higher on Monday as investors continue monitoring developments in the war between Ukraine and Russia. Key data releases in the U.S. this week include the Job Openings and Labor Turnover Survey, and ADP will also release its private payrolls data ahead of the closely watched monthly jobs report, on Friday. LONDON — European stocks are expected to open higher on Monday as investors continue monitoring developments in the war between Ukraine and Russia. The U.K.’s FTSE index is seen opening 20 points higher at 7,503, Germany’s DAX 55 points higher at 14,370, France’s CAC 40 up 25 points at 6,584 and Italy’s FTSE MIB 162 points higher at 24,058, according to data from IG. |
Posted at 23/3/2022 05:53 by waldron EMEA Morning Briefing: Stocks to Rise After Wall Street Rally23/03/2022 5:42am Dow Jones News Wednesday 23 March 2022 MARKET WRAPS Watch For: UK producer prices; UK monthly inflation figures; Germany Ifo Economic Forecast; EU FCCI Flash Consumer Confidence Indicator; results from Orpea, Leoni, Petrofac, Ultra Electronics. Opening Call: A rally on Wall Street could lift European stocks higher Wednesday, while U.S. stock futures pointed to a higher open. Treasury yields rose sharply for the second day in a row, while the dollar weakened slightly. Meanwhile, oil prices continue to grind lower in early Asian trade, while gold and other commodities also edges lower. Equities: European stocks are set to rise Wednesday, following a rally on Wall Street led by technology companies, although investors remain concerned about the war in Ukraine and inflation. "With few levers remaining to pressure Russia short of military intervention, the market is beginning to price in the loss of a significant amount of Russian oil needing to be backfilled. It could take years for Russian oil markets to normalize, if ever," said Stephen Innes, managing partner at SPI Asset Management. Investors were also closely watching what might happen with President Joe Biden joining a NATO meeting and EU Summit Thursday in Europe, where sanctions and the Russian oil embargo will likely top the agenda. Ukrainian President Volodymyr Zelensky was set to make a much anticipated online speech in Japan's parliament. Japan, which has abided by a pacifist constitution after its defeat in World War II, has taken an unusually vocal position on the war in Ukraine, joining in sanctions against Russia alongside the Western nations. Markets have been choppy as Wall Street adjusts to slower economic growth now that federal spending on various stimulus measures has faded away. "This is actually fairly normal, but it doesn't feel normal because the last few years have been really strong," said Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth. Investors will soon start readying for the next round of corporate earnings reports as the current quarter nears its close at the end of March, and that could provide a clearer picture of how industries continue handling rising costs. |
Posted at 04/1/2022 15:54 by waldron Ex-Centrica boss Sam Laidlaw: UK still needs oil and gas as it pushes to net zeroComment: Former Centrica CEO says oil and gas remain vital to UK energy needs By Sam Laidlaw 1 hour ago While warmer temperatures across the UK meant that, for many, a white Christmas this year was found only in greeting cards, they did provide a respite from surging gas prices. Driven higher in recent months by this year’s cold winter, a lack of gas storage, increasing demand from Asia and lower output from windfarms, UK gas prices have now retreated to around 210 pence per therm, from around 460 p/th in the week before Christmas. Such a fall in wholesale prices would normally be welcome news for energy consumers, but with prices starting this year at just 60 p/th, there is understandable concern about the impact on bill payers when the energy price cap next gets reviewed. These problems may be symptoms of the current market, but their cause can be traced back to repeated failures of energy policy that have left the UK over-exposed to global markets and less attractive for investors. Although we have seen a welcome growth in renewables over the past decade, the UK is still reliant on gas and oil to keep us warm, keep the lights on and keep people moving. Together they account for almost 75% of our energy needs and will be crucial for decades to come. So the choice the country faces is whether to meet that demand from domestic sources that are lower carbon, lower cost and more secure, or expose consumers to higher carbon, higher cost and less secure imported supplies. The latter would not only increase global carbon emissions, but would also result in the UK losing the significant social and economic benefits the sector brings. And once investment leaves these shores, it is very difficult to attract it back. This was evidenced in 2011 when the sudden tax increase on producers saw North Sea production collapse by nearly a fifth, leaving UK consumers exposed to volatile foreign energy markets to meet demand – a problem we contend with still. Investors fled the North Sea and many have not returned. This left infrastructure stranded and pushed capital expenditure overseas to more attractive investment destinations – for both oil and gas and low carbon developments. Low carbon developments will need to use existing infrastructure – from depleted gas reservoirs to transportation networks and storage facilities. The North Sea has these in abundance and energy companies, including Neptune, have already submitted plans to the Government to repurpose facilities previously used for oil and gas to speed the transition to hydrogen and carbon storage. Returns on renewables investments – at least in the short term – are not sufficient on their own to finance the capital requirements of ever-larger low carbon projects. So investors need to recycle returns from existing production to capitalise renewable investment. We therefore need to get the balance right between existing energy projects and the move to renewables. We have an opportunity to protect critical infrastructure, energy security, tax revenues, jobs and supply chains. The oil and gas sector alone supports more than 250,000 jobs and has contributed more than £33bn to the Treasury since 2010, but is also a critical enabler of the energy transition as recognised by the Government in the North Sea Transition Deal. Energy projects are hugely capital intensive and often take years to build, during which time investors’ capital is at risk. Investors will only be prepared to take that risk if they have confidence in a stable fiscal and regulatory regime. The UK government has set out an ambitious plan for the energy transition to net zero. The UK oil and gas sector is in the unique position of having both the skills and infrastructure to play a critical role in this transition, providing homegrown energy over the coming decades, as well as innovating in new clean energy technologies to further accelerate the reduction in domestic emissions. As we look ahead to 2022, to ensure that the domestic industry can play an active role in supporting the transition, a set of complementary and coordinated actions are needed by Government, regulators and industry to prevent under-investment threatening both UK security of energy supply and the transition. Bringing these forward will help ensure secure, lower carbon and lower cost energy for us all, whether snow is on the ground or not. Sam Laidlaw is Executive Chairman of Neptune Energy. He was previously CEO of Centrica, which owns British Gas. |
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