Centrica Share Discussion Threads

[the deacon] 05/8/2021 20:30

https://www.smart-energy.com/industry-sectors/electric-vehicles/centrica-and-con-edison-turn-brooklyn-lot-into-energy-innovation-hub/

[norma_noog] 05/8/2021 17:17

Going up ant? It can't have much further to fall!!!!! There are also calls for nationalisation once again. It's not looking good as customers continue to leave for better, lower cost, providers. I'm afraid this share is going nowhere anytime soon. It will probably get back to 55-58p range at some point, but that's it. There are much better and more profitable share opportunities elsewhere. Best avoided.

[disc0dave45] 05/8/2021 10:32

Calls for Nationalisation again:HTTPS://morningstaronline.co.uk/article/b/campaigners-repeat-demands-for-nationalisation-of-energy-utilities

[disc0dave45] 04/8/2021 17:08

Is that directed at me?Doesn't really matter, got enough now anyway ?

[diohohku] 04/8/2021 16:59

It's rich when a certain poster can't even manage his own portfolio, and then posts on CNA to the contrary.

[disc0dave45] 04/8/2021 12:25

In H1 - "British Gas Energy residential customers fell by 114,000"Despite taking on an additional 89,000 from Simplicty and Nabuh......folks are clearly going to cheaper or better suppliers. Those that don't have such massive operational costs and overheads to meet.

[glavey] 04/8/2021 07:47

"There are thousands of competitors selling food, or books, but that does not threaten Tesco or Amazon." It's rare the small suppliers are cheaper for the same product in this case.

[ant_eater] 03/8/2021 14:52

WELL SAID....NEVER OVER ESTIMATE THE INTELLIGENCE OF THE BRITISH PUBLIC......WE HAVE IDIOTS SHORTING AT 48P......LOOOOOOOOL........GOING UP!!

[ohoh] 03/8/2021 12:50

Are they really so stupid? The only thing that motivates people is money and you don't need to pay a premium when it's the same energy.

[jayson26jay] 03/8/2021 11:37

lots of activity here, nice bounce to short @48p!

[careful] 03/8/2021 10:28

We expect a lot of energy companies will want to trade energy operating from their bedrooms in some cases. I can't understand the mentality of those that switch. Bogus savings dealing with cowboys and spivs. There are thousands of competitors selling food, or books, but that does not threaten Tesco or Amazon. But then no one ever got rich by overestimating the intelligence of the British public. I still believe there is hope here, good to see the share price in a good mood today.

[bookbroker] 03/8/2021 07:48

Inevitable, but the upcoming price cap rise will alleviate some of the pain.

[glavey] 03/8/2021 06:50

There seems a considerable lack of interest amongst the small energy providers to aggressively go after new business of late. Some must have messed up on their contracts over the past year. Let's see if any hit the rocks this winter.

[careful] 02/8/2021 21:30

Why would these energy startup even try to get into crowded market? Margins are negligible. Some just 'harvest' customers with loss leading deals then pass them on elsewhere. The so called 'green levy' is another outrage.

[disc0dave45] 02/8/2021 20:09

Bulb, Octopus, Ovo, Avro, So, ESB, Pure Planet, Simplicity, Green, Green Star, Shell, Utility Point, People's Energy, Neon Reef, Out Fox the Market, Power Shop, Sainsbury's, Spark, Scottish Power, SSE, Co-Op energy, Utilita, Zog, etc etc There are about 82 or so, if you think it will return to the "four" again I think you are very much mistaken - BG is more likely to be nationalised.

[bookbroker] 02/8/2021 19:38

The energy cap rising will make this a giant again, most of the smaller entities are losing money hand over fist, another failed Govt. strategy to increase competition gone spectacularly wrong! EOn, EDF, NPower, CNA the survivors.

[wigwammer] 02/8/2021 18:07

Yeah if the regulator says op margins have to stay at 1% forever then it's not great. Good news - they haven't. IMO

[wigwammer] 02/8/2021 15:00

If you consolidate your core market - £7.9bn revs - op margins usually rise. IMO

[wigwammer] 02/8/2021 14:59

The market wants a smaller, more focused business with more consistent performance, a position that may result in considerable value accretion from this historic low base.. like it or not, the narrative will be building up to this... "Capital Markets Event to be held on 16 November 2021 to provide more detail on our longer term strategy and financial framework."

[disc0dave45] 02/8/2021 14:55

Yep, a brilliant strategy, sell a business in the US that was nearly three times more profitable than their UK arm, just to get debt down to £0.93bn........what a way to go!.Now what shall we tell our shareholders about nuclear?, we can't say we've fvcked up the sale process of an ever crumbling and loss making asset, no let's just say it's a good ESG strategy and we might keep it.Jeez

[careful] 02/8/2021 14:53

Bought a few today. A miserable story, down from 400p more than 5 years ago to todays miserable level. This has been run for the benefit of the consumer and the employees. CNA have even had to subsidise green competitors. An investment nightmare to be sure for shareholders. We do not matter it seems. I have topped up because there is still hope But it will take a talented management and an efficient workforce. There is potential here if they get their act together.

[disc0dave45] 02/8/2021 14:50

In finals 2020 their "strategy":-'In the year we completed three small bolt-on acquisitions in line with our strategy, adding customers in our core regions of the US Northeast and Mid-Atlantic and in states in which we have less of a presence, specifically Indiana, Kentucky, Tennessee and Ohio.'Another strategy out of the window!

[wigwammer] 02/8/2021 14:49

Yes. They sold it to lower debt, as I stated. 1% op margin on substantial sales - plenty of room to increase that margin as weak competitors disappear and the industry consolidates. IMO