Centrica Share Discussion Threads

[discoinferno7] 06/10/2021 10:13

Jayson, I agree, it's not looking good for CNA and the share price is going down again. A rights issue is a distinct possibility. The Tories may be forced to Nationalise. CNA has too much debt as well.

[karv1] 06/10/2021 10:13

Am I right in thinking that with 380p/therm yearly price will be wholesale around £2000 to £2500 per family if you used 75p/therm for the last 6 months cap which equals £525 wholesale price for a year?
If the price were to go back to normal for argument's sake in 6 months that is £2500 let's say it is 1250 for 6 months BG will need to pay £1250 x 7.2m, customer That's way more money than BG has...Spirit energy will be making loads but BG is only a large shareholder, spirit is not owned out right so they might get some dividends not sure how that works when you only own 69% of a company. either way, where is BG going to get the cash from or am I adding this up wrong?

[jayson26jay] 06/10/2021 10:07

Nov wholesale gas up 27% just today. Up 800% YTD, for context if you need to buy £1bn of gas you now need £8bn! You can't recover this upfront from customers. I wouldn't be surprised if a rights issue or debt issue is an outcome, promoted as a "war chest".

[purchase_atthebottom1] 06/10/2021 10:03

Saga getting hammered again Disco. That 398 buy must hurt!

[disc0dave45] 06/10/2021 09:14

What news?, rights issue?.

[waldron] 06/10/2021 07:51

European markets set to tumble at the open, reversing positive sentiment

Published Wed, Oct 6 202112:20 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open sharply lower on Wednesday, reversing mostly positive trade this week.

The U.K.’s FTSE index is seen opening 40 points lower at 7,039, Germany’s DAX 103 points lower at 15,092, France’s CAC 40 down 42 points at 6,530 and Italy’s FTSE MIB 175 points lower at 25,453, according to IG data.

[waldron] 06/10/2021 07:50

European markets set to tumble at the open, reversing positive sentiment

Published Wed, Oct 6 202112:20 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open sharply lower on Wednesday, reversing mostly positive trade this week.

The U.K.’s FTSE index is seen opening 40 points lower at 7,039, Germany’s DAX 103 points lower at 15,092, France’s CAC 40 down 42 points at 6,530 and Italy’s FTSE MIB 175 points lower at 25,453, according to IG data.

[waldron] 06/10/2021 07:49

European markets set to tumble at the open, reversing positive sentiment

Published Wed, Oct 6 202112:20 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open sharply lower on Wednesday, reversing mostly positive trade this week.

The U.K.’s FTSE index is seen opening 40 points lower at 7,039, Germany’s DAX 103 points lower at 15,092, France’s CAC 40 down 42 points at 6,530 and Italy’s FTSE MIB 175 points lower at 25,453, according to IG data.

[skinny] 06/10/2021 07:04

59.22 - 1 year+ high.

[shouldhavesold] 05/10/2021 23:10

“Nationalisation possibly on their way”

Pmsl, there’s absolutely no chance of nationalisation now.
Govt ministers are currently in talks with energy firms to allow them to raise prices, or subsidies and changes to taxation the alternative is less investment in critical infrastructure and shelving of green energy projects.
CNA have gas they can supply and make from selling to other energy providers
Less likely now Spirit energy will be sold off
News expected this month, my tp rises to 83p.

[shouldhavesold] 05/10/2021 23:09

“Nationalisation possibly on their way”

Pmsl, there’s absolutely no chance of nationalisation now.
Govt ministers are currently in talks with energy firms to allow them to raise prices, or subsidies and changes to taxation the alternative is less investment in critical infrastructure and shelving of green energy projects.
CNA have gas they can supply and make from selling to other energy providers
Less likely now Spirit energy will be sold off
News expected this month, my tp rises to 83p.

[disc0dave45] 05/10/2021 22:47

On a forward PE of 17, steep rating for a regulated business with massive pension deficit, minimal margins and no strategy......plus a fund raise and/or nationalisation possibly on their way.

[discojames4] 05/10/2021 22:26

My broker has recently downgraded CNA to 'reduce' with a price target of 50p.

[grupo guitarlumber] 05/10/2021 22:25

CREDIT SUISSE has a target price raised to 75p from 70p to reflect the value of more customers even if there is a short-term impact on earnings due to the transfer costs.

[grupo guitarlumber] 05/10/2021 22:24

CREDIT SUISSE has a target price raised to 75p from 70p to reflect the value of more customers even if there is a short-term impact on earnings due to the transfer costs.

[intelligenttrader] 05/10/2021 22:23

Nationalisation is the only way:

[intelligenttrader] 05/10/2021 22:23

Nationalisation is the only way:

[intelligenttrader] 05/10/2021 22:22

Nationalisation is the only way:

[purchase_atthebottom1] 05/10/2021 22:22

Discodave you silly sausage 🤣

[grupo guitarlumber] 05/10/2021 22:22

CREDIT SUISSE has a target price raised to 75p from 70p to reflect the value of more customers even if there is a short-term impact on earnings due to the transfer costs.

[cleverinvester] 05/10/2021 22:14

So refreshing to see you fall apart Discodave with all your multi Discos. Last time i checked in CNA was at 50p and last time SAGA as at 3.60.
Guys don’t worry about Disco, We advised him to buy CNA below 50p, But he insisted on buying SAGA at 398.
In case any of you don’t know SAGA have a big 24 million pension payment in Feb 2022. Bear in mind the cash burn is almost 6 million a month and the debts are almost a billion between ships and Insurance.
My average here is 35p. As stressy says nice paper profits

[waldron] 05/10/2021 21:59

Proactiveinvestors

13:16 Tue 05 Oct 2021

)
Centrica target raised as gas crisis wipes out competition


Credit Suisse estimates that as many as 4.72mln customers might be forced to switch providers


Centrica PLC (LSE:CNA)’s British Gas arm should emerge as a winner from the current UK gas crisis and with a bigger market share as weaker suppliers go under, according to Credit Suisse.

The Swiss broker estimates that as many as 4.72mln customers might be forced to switch providers due to their current supplier going out of business.

Some1.72mln people have been transferred already as the price of gas has soared, but Credit Suisse estimates 3mln more are at risk of their current provider going bust.

Centrica will pick up 200,000 of these as a supplier of last resort, CS estimates, which will take its total customer base up to 7.4mln, though in the short term there will be a cost as people move back to default tariffs.

The broker expects the new providers will be able to defer some of these expenses to avoid a massive hike in customers’ bills in 2022.

Higher oil and gas prices might also allow Centrica finally to sell its oil and gas production assets and thrash out a settlement with the pension fund, which might see the dividend restored possibly as early as 2021.

CS’s target price rises to 75p from 70p to reflect the value of more customers even if there is a short-term impact on earnings due to the transfer costs.

[waldron] 05/10/2021 21:58

Proactiveinvestors

13:16 Tue 05 Oct 2021

)
Centrica target raised as gas crisis wipes out competition


Credit Suisse estimates that as many as 4.72mln customers might be forced to switch providers


Centrica PLC (LSE:CNA)’s British Gas arm should emerge as a winner from the current UK gas crisis and with a bigger market share as weaker suppliers go under, according to Credit Suisse.

The Swiss broker estimates that as many as 4.72mln customers might be forced to switch providers due to their current supplier going out of business.

Some1.72mln people have been transferred already as the price of gas has soared, but Credit Suisse estimates 3mln more are at risk of their current provider going bust.

Centrica will pick up 200,000 of these as a supplier of last resort, CS estimates, which will take its total customer base up to 7.4mln, though in the short term there will be a cost as people move back to default tariffs.

The broker expects the new providers will be able to defer some of these expenses to avoid a massive hike in customers’ bills in 2022.

Higher oil and gas prices might also allow Centrica finally to sell its oil and gas production assets and thrash out a settlement with the pension fund, which might see the dividend restored possibly as early as 2021.

CS’s target price rises to 75p from 70p to reflect the value of more customers even if there is a short-term impact on earnings due to the transfer costs.

[waldron] 05/10/2021 21:58

Proactiveinvestors

13:16 Tue 05 Oct 2021

)
Centrica target raised as gas crisis wipes out competition


Credit Suisse estimates that as many as 4.72mln customers might be forced to switch providers


Centrica PLC (LSE:CNA)’s British Gas arm should emerge as a winner from the current UK gas crisis and with a bigger market share as weaker suppliers go under, according to Credit Suisse.

The Swiss broker estimates that as many as 4.72mln customers might be forced to switch providers due to their current supplier going out of business.

Some1.72mln people have been transferred already as the price of gas has soared, but Credit Suisse estimates 3mln more are at risk of their current provider going bust.

Centrica will pick up 200,000 of these as a supplier of last resort, CS estimates, which will take its total customer base up to 7.4mln, though in the short term there will be a cost as people move back to default tariffs.

The broker expects the new providers will be able to defer some of these expenses to avoid a massive hike in customers’ bills in 2022.

Higher oil and gas prices might also allow Centrica finally to sell its oil and gas production assets and thrash out a settlement with the pension fund, which might see the dividend restored possibly as early as 2021.

CS’s target price rises to 75p from 70p to reflect the value of more customers even if there is a short-term impact on earnings due to the transfer costs.

[disc0dave45] 05/10/2021 21:35

'It just keeps going up'......until it tumbles all the way back from where it came.....overbought value trap :)