Centrica Share Discussion Threads

[supermarky] 24/11/2022 22:22

i will buy a good bottle of single malt when this gets over 100

[skinny] 23/11/2022 09:37

96.54p - another post-covid high.

.

[1 pound here we come] 21/11/2022 12:37

Yes crazy isn't it.

[mroalan] 21/11/2022 12:32

When this was looking like going down the tube this site was busy enough,yet today circumstances have turned about face and the place is deserted.

[diohohku] 18/11/2022 14:13

proactive logo
Outlook for SSE, Centrica and Drax is 'materially derisked' by autumn statement, says JPMorgan
11:11 Fri 18 Nov 2022
Oliver Haill
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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.

[skinny] 17/11/2022 14:35

93.50p - pre-covid levels.

[action] 17/11/2022 14:24

93.1p.Is it 100p in sight?

[skinny] 17/11/2022 13:11

Dividend received today.

[action] 16/11/2022 19:33

Is 100p by Friday next week if no windfall tax tomorrow?

[american idiot] 14/11/2022 11:57

The prime minister is preparing to raise windfall taxes on oil and gas companies to 35 per cent and extend them until 2028 in an effort to balance the books.

You've been warned !

[action] 12/11/2022 11:38

Waiting for 100p to cross

[mroalan] 10/11/2022 12:01

Wait till the public find out CNA are back in profit and throwing money at shareholders,we.ll be the scum of the earth.

[mroalan] 10/11/2022 11:37

Are happy days back?
Stronger profits at British Gas owner fuels new move to hand cash to shareholders
Higher electricity and gas prices offset weaker performance in Centrica’s household services.
British Gas owner Centrica has revealed plans to hand more money back to shareholders, as stronger profits from high electricity and gas prices help offset poor performance of its retail arm.

In an unscheduled trading update on Thursday, the company said it expected profits to be at the top end of analyst forecasts, which are predicting earnings of about 15.1p to 26p a share for 2022.

[waldron] 10/11/2022 07:10

10 November 2022

Centrica 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

[csalvage] 10/11/2022 07:09

Share repurchase up to 5%.

[skinny] 31/10/2022 11:33

HSBC Lifts Centrica to Hold from Reduce.

Credit Suisse Keeps Centrica At Outperform, Lifts PT.

RBC Keeps Centrica at Outperform, Lifts PT.

[grupo] 31/10/2022 10:08

Citigroup raises Centrica price target to 93 (81) pence - 'buy'

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Jefferies raises Centrica to 'buy' (hold) - price target 90 pence

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Barclays raises Centrica price target to 144 (121) pence - 'overweight'

[grupo] 31/10/2022 10:05

Citigroup raises Centrica price target to 93 (81) pence - 'buy'

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Jefferies raises Centrica to 'buy' (hold) - price target 90 pence

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Barclays raises Centrica price target to 144 (121) pence - 'overweight'

[blackhorse23] 31/10/2022 08:33

Out just now & bought CURY (LSE)