Centrica Share Discussion Threads

[action] 27/1/2023 15:30

100p reached today. High of year.

[supermarky] 27/1/2023 14:36

come on 100!

[kasamavic] 26/1/2023 13:51

Off topic, but can anyone explain why the price we are paying for gas is so high?When you look at the future price and history from 2019 to 2021 it ranged between $2-3 per unit (or however it's measured).In 2022 (Russia's invasion) it peaked at $10 and domestic gas prices rocketed but now we're back down to $3 and yet domestic prices haven't dropped at all.I'm using the same basis as oil where fuel drops if the price of oil drops.Surely gas prices should work the same and we are being fleeced?

[tim 3] 24/1/2023 15:21

Nice to see the price recovering here but the customer service I have received trying to sort my late Dads account out is some of the worst I have ever come across.

Will not bore you with the details but basically despite sending them photographic evidence of the meter readings on several different dates they refuse to accept them despite the fact his house is empty and the heating is off.Looks like it's going to have to be escalated to the ombudsman.
hTtps://www.thisismoney.co.uk/money/news/article-11670949/And-Wooden-Spoon-shoddy-service-goes-British-Gas.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.151834809.1874998981.1671997431-2113399698.1665850721&_gl=1*ft0y3z*_ga*MjExMzM5OTY5OC4xNjY1ODUwNzIx*_ga_XE0XLFFF16*MTY3NDYzNzk4OS4zOTguMS4xNjc0NjM5ODc2LjAuMC4w

[supermarky] 13/1/2023 18:03

cna like a coiled spring ready to push further upwards.

[grupo guitarlumber] 13/1/2023 16:25

Philip Whiterow

15:49 Fri 13 Jan 2023

Centrica on course for 'highest-ever' earnings predicts broker

Gas installation

Centrica’s profits upgrade yesterday put it on course for its highest-ever earnings, according to broker Credit Suisse, with the shares attractive even without the soaring gas price bonus.

The broker upped its price target for the British Gas owner to 135p, from 130p, and its forecast of EPS this year to 31.2p (from 24.2p).

Key now is how earnings normalise once gas prices settle back down and Credit Suisse see these at around 7-8p, while cash flow should be strong enough for another £200mln buyback in the second half of 2023.

Operationally, price caps mean suppliers such as British Gas are essentially de-risked from energy movements short-term, while the failure of small independent suppliers means its market share is now a healthy 25%.

Customers switching to more energy-efficient products should also see growing momentum over the next five years.

Credit Suisse notes that on its forecast for clean earnings (ie non-gas price inflated), the shares trade on a 10 times multiple, whereas it thinks it should be fifteen times.

“We forecast a 10% free cash flow yield, 3.6% dividend yield and recurring buyback of 2%,” added Credit Suisse, which has an 'outperform' rating.

Shares today were up 1.8% at 97p.


Proactive

[mroalan] 12/1/2023 09:33

The volume has been well up on the past seven days and yesterdays was huge.
From News Now.
rom the start of this year, Centrica and other power generators also have to pay a windfall tax on UK profits after chancellor Jeremy Hunt imposed a levy of 45% on wholesale electricity sold at more than £75 per Mwh.Currently, the spot price for electricity is £162 per Mwh, having been over £600 per Mwh in October.

[careful] 12/1/2023 09:14

strong trading update today.
This share should be well above 200p based on todays update.
but these are strange times, politics, regulation, Ukraine.

I will hold here, underlying EPS of 30p. cash surplus, big turnover.

who are we kidding...a PE of under 4.

All of the old rules of valuation have been ignored.

[justiceforthemany] 12/1/2023 08:07

P/E of THREE
For a utility at that?

[scemer] 12/1/2023 08:03

Ships away boys info just keeps getting better

[skinny] 12/1/2023 07:09

Directorate Change.

[skinny] 12/1/2023 07:01

Trading Update.

Trading Update

Centrica plc (the "Company") has continued to deliver strong operational performance from its balanced portfolio since its Trading Update on 10 November 2022. Infrastructure asset availability and volumes have remained good, and we delivered incrementally strong optimisation performance.

As a result, we currently expect to report 2022 full year adjusted earnings per share of above 30p. Cash generation has also been good, and we expect 2022 closing net cash to be above GBP1 billion.

All 2022 reported financial figures remain subject to audit and the Company is due to release its 2022 Preliminary Results on 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

[supermarky] 05/1/2023 08:30

resting on support area on the 1 year chart

[typo56] 04/1/2023 14:00

What's prompted the move? DRX too. Wholesale gas prices?

[leggytrader] 04/1/2023 13:52

was going to sell these when they hit 97p when company buying its own shares ...looks so obvious now as a double top on the chart!!! how low are they going to now???

[grupo guitarlumber] 21/12/2022 12:33

Josh Lamb

12:16 Wed 21 Dec 2022

Prospects transformed with US partnership and debt/equity fundraising

SSE, Drax and Centrica all rise after details of power windfall tax revealed

Drax and Centrica are set to benefit from exceptions in the government's new windfall tax on generators


SSE PLC - SSE, Drax and Centrica all rise after details of power windfall tax revealed


Drax Power Station runs mainly on wood pellets

SSE PLC (LSE:SSE), Drax Group (LSE:DRX) and British Gas owner Centrica PLC all saw their share prices rise after the the government's release of draft legislation for a windfall tax on electricity generators.

Due to begin on January 1, the government outlined on Tuesday that firms generating electricity from nuclear, renewable, biomass, and waste sources will be taxed at 45% on “exceptional receipts.”

This means “wholesale electricity sold at an average price in excess of £75 per MWh,” equalling £10mln over 12 months, said the government

It also includes effective tax breaks for companies facing “exceptional” costs, after increased bills in line with hiked energy prices.

Jefferies analyst Ahmed Farman suggested this could benefit Drax in particular, which operates a North Yorkshire power station fuelled mainly by wood pellets.

Given a forecasted 2023 cost of £110/MWh for biomass, Farman predicted Drax would have to pay roughly £200mln less next year as a result.

He added Centrica might benefit too as it owns a 20% interest in the UK's nuclear capacity.

Barclays analysts suggested this could equal around 30p extra per share in earnings to Drax over the course of 2023.

Drax’s share price rose by 2.2% to 675p on the news, while SSE and Centrica also climbed 0.7% to 1,715p and 1% to 95p respectively.
Proactive

[supermarky] 19/12/2022 10:27

Have some patience and look at the charts

[time 2 retire] 12/12/2022 16:50

So frustrating following this share, should be steaming towards a £1 with all this freezing weather about!
Starts the days off well then dribbles down into the red for the close!

[stavros28] 09/12/2022 11:01

Centrica turn around STOCK !

[ohoh] 07/12/2022 10:04

I'm curious about the Currys comment, I would have assumed they'd be hit pretty hard by the cost of living crisis.

[action] 06/12/2022 21:56

Or b4 Jan23 end?

[action] 06/12/2022 21:55

100p backing b4 xmas.

[supermarky] 06/12/2022 09:57

Good for you.

[blackhorse23] 06/12/2022 09:55

bought @ 32p during covid now getting out and reinvesting in CURY (LSE) https://www.currysplc.com/investors/

[blackhorse23] 06/12/2022 09:53

https://www.energyvoice.com/oilandgas/north-sea/464917/centrica-rough-storage-site/