Centrica Share Discussion Threads

[discoinferno7] 01/4/2022 14:13

Maxplus2, many customers won't be able to pay, leading to significant bad debts and possible write-offs. And how is CNA going to address the large pension shortfall. Not looking good for Centrica, just ask PurchaseAtTheBottom1.

[discoinferno7] 01/4/2022 14:13

Maxplus2, many customers won't be able to pay, leading to significant bad debts and possible write-offs. And how is CNA going to address the large pension shortfall. Not looking good for Centrica, just ask PurchaseAtTheBottom1.

[disc0dave45] 01/4/2022 12:25

I imagine bad debt will increase, was a problem before prices increased.Customers can decide for themselves how much they pay by DD and would guess many won't be paying the "recommended" payments, they will pay less!.

[dandanactionman] 01/4/2022 11:56

All IMHO DYORCould there be a problem with bad debts and customer debts. Based on Twitter there are a lot of people who are going to struggle with the DD going forward. If this becomes a sizeable number then will bad debts be an issue for centrica?

[disc0dave45] 01/4/2022 11:20

Gas price increases will without doubt increase their revenue, but their energy retail business is heavily regulated and margins are paper thin.IMO there's a misconception that gas and electricity price increases (+54%) will fall straight to their bottom line, it won't. They have to buy the bulk of their energy requirements and standard variable tariff customers (must be the majority now, circa 5m+) usage estimates is not hedged, so they have to pay over the counter at the elevated rates.Once again, forecast earnings for this FY are a 48% to 57% reduction. Last FY they only managed adjusted eps of 4.1p, yep 4.1p on £18billion group revenue, that's a current PE of 20x and a forward PE of 40x.They keep selling off businesses that contribute massively to their bottom line (I.e. Direct Energy & Spirit). IMO cannot see any growth in profits for many years, but DYOR.

[maxplus2] 01/4/2022 10:37

People jumping to Centrica as companies are going bust. Gas orice is high- good for British Gas

[intelligenttrader] 01/4/2022 10:09

Red5, with Spirit offloaded, earnings set to halve, huge pension deficit, high operating expenses and little chance of a dividend anytime soon, to name but a few problems, I suggest you AVOID Centrica like the plague and look elsewhere for a sensible investment.

[norma_noog] 01/4/2022 10:01

Anyone heard from diohohku/patb1/fart1/discojohn/discofreddy/notsocleverinvestet/jeanettetigger? Surely he can't still be counting his CNA losses? Back below 80 we go. Superb😂

[disc0dave45] 01/4/2022 08:37

Margins won't be going up but input costs will though.Consensus forecasts are for earnings to halve this FY with virtually zero growth thereafter.

[disc0dave45] 01/4/2022 08:33

It's not like they weren't forewarned about customers sending in readings, their new system has to be better!HTTPS://www.dailymail.co.uk/news/article-10671857/amp/British-Gas-E-EDF-Energy-websites-CRASH-ahead-April-gas-price-hike.html

[red5] 01/4/2022 08:25

is this worth investing in as i believe the price of gas will keep on rising?

[norma_noog] 31/3/2022 23:37

diohohku knows all about failings, particularly as far as Centrica is concerned (diohohku160). How much did purchase lose? Superb😂

[norma_noog] 31/3/2022 23:31

CNA closing share price 80.08, down 2.06, minus 2.5%😂

[disc0dave45] 31/3/2022 18:10

Lovely waves to surf!SMA50 76.7, others reckon down to 75.Still overvalued on a massive PE of 20x, fact.

[disc0dave45] 31/3/2022 18:00

Post 8786'Today a bullish pattern is detected.'Chuckle chuckle

[waldron] 31/3/2022 17:59

80.08 -2.51% (-2.06)

Open / Last close
82.00 / 80.08

High / Low
82.78 / 79.94

Bid / Offer
80.16 / 80.22

Special Condition: -
Trading Status: Market Close
FTSE 250
As at 31.03.22 17:41:55 - All data delayed at least 15 minutes

managed to stay just above 80p at months end

[waldron] 31/3/2022 17:58

80.08 -2.51% (-2.06)

Open / Last close
82.00 / 80.08

High / Low
82.78 / 79.94

Bid / Offer
80.16 / 80.22

Special Condition: -
Trading Status: Market Close
FTSE 250
As at 31.03.22 17:41:55 - All data delayed at least 15 minutes

managed to stay just above 80p at months end

[disc0dave45] 31/3/2022 13:21

HTTPS://www.creditstrategy.co.uk/latest-news/price-cap-will-remain-in-place-says-ofgem-and-government

[disc0dave45] 31/3/2022 13:19

HTTPS://inews.co.uk/inews-lifestyle/money/british-gas-eon-scottish-power-down-edf-energy-websites-crash-submit-meter-readings-1549537

[disc0dave45] 31/3/2022 12:00

From a source posted by a ramper who clearly hadn't even bothered to check out the earnings forecasts when arguing the consensus was for growth in eps:HTTPS://www.marketscreener.com/quote/stock/CENTRICA-PLC-9590112/financials/FY22 -57% FY23 -48% YoY +22%FY24 -62% YoY -27%Their specific eps numbers don't look right but the percentage change in eps does.

[waldron] 31/3/2022 11:53

Signal Update

Our system’s recommendation today is to STAY IN CASH.

The previous SELL signal was issued on 29/03/2022, 1 day ago, when the stock price was 82.4500.

Since then CNA.L has fallen by -0.38%.


Market Outlook

The market is finally giving hints of a bullish resurgence. Today a bullish pattern is detected.

[diohohku] 31/3/2022 11:53

It makes me laugh reading all these deramping and possible posts, it's about time reality kicked in and investments made by Walter Mitty characters should accept their failings!

[waldron] 31/3/2022 11:53

Signal Update

Our system’s recommendation today is to STAY IN CASH.

The previous SELL signal was issued on 29/03/2022, 1 day ago, when the stock price was 82.4500.

Since then CNA.L has fallen by -0.38%.


Market Outlook

The market is finally giving hints of a bullish resurgence. Today a bullish pattern is detected.