Centrica Share Discussion Threads

[skinny] 10/5/2023 08:36

Also from the 18th April :-

"The Company intends that any Shares purchased will be (i) cancelled; (ii) held in treasury pending their cancellation; or (iii) held in treasury pending their transfer out of treasury to satisfy obligations arising from awards and options granted to employees under the Company's employee share plans."

[salisbury3] 10/5/2023 08:34

"Octavio - but the number of shares "in issue" is reduced. The shares "in treasury" don't attract a dividend.

[skinny] 10/5/2023 08:33

Yesterday's RNS :-

"Following the above purchase, Centrica plc holds 245,518,833 ordinary shares in treasury, and has 5,662,327,305 ordinary shares in issue (excluding treasury shares)."

The RNS from the 5th :-

"Following the above purchase, Centrica plc holds 245,437,491 ordinary shares in treasury, and has 5,662,408,647 ordinary shares in issue (excluding treasury shares)."

[octavio] 10/5/2023 08:28

Why are the bought-back shares going into Treasury and not being canceled?

The number of shares in existence stays the same!

[salisbury3] 02/5/2023 21:18

Can someone explain the logic here? Why proceed with blocklisting at the same time as a share buyback program? I don't get it!

[octavio] 02/5/2023 14:52

Blocklisting! I didn't see that coming!

Is the buyback bigger or smaller than the blocklisting?

[skinny] 25/4/2023 11:53

There's a link in the header.

[garycook] 25/4/2023 09:08

Have we gone XD. If not why the drop with Buybacks in place ?

[skinny] 23/4/2023 09:29

Happy St George's day!

[the grumpy old men] 19/4/2023 13:43

Buybacks continue to lend support

[the grumpy old men] 19/4/2023 13:37

strong resistance seems to persist at 114.50p

[djbilywiz] 19/4/2023 13:21

Based on chart only, looks like a local top here for CNA

[dudishes] 19/4/2023 05:31

Many homes took 2/3yr deals with Edf, not sure about BG, but would guess so.

So one may guess that 2024 will have an impact on prices.

And profits?

[waldron] 18/4/2023 15:59

Centrica
113.4 -0.96%

Nothing much to add to yer luverly posts

Just wondering whether an attempt will be made to break thru the resistances at 118.20 and then 140p as AGM MEETING IS APPROACHED

i see ex divi date is June 8th and pay date is 20th july

Divi could be better but i guess in the current climate they wish not to draw unnecessary attention if payout to shareholders is increased

[grupo guitarlumber] 18/4/2023 13:22

Centrica
111.75 -2.40%

wheres those buybacks giving support

[florenceorbis] 18/4/2023 07:34

Consensus

Mean consensus BUY

Number of Analysts 15

Last Close Price 114,50 GBX

Average target price 137,87 GBX
Spread / Average Target 20,4%

High Price Target 165,00 GBX
Spread / Highest target 44,1%

Low Price Target 110,00 GBX
Spread / Lowest Target -3,93%

[dudishes] 18/4/2023 04:22

large wedge betting, I guess long?

A surprise package Sir!

[ariane] 17/4/2023 21:46

Latest Dividends

Summary Previous dividend Next dividend

Status Paid Declared

Type Interim Final

Per share 1p 2p

Declaration date 28 Jul 2022 (Thu) 16 Feb 2023 (Thu)

Ex-div date 06 Oct 2022 (Thu) 08 Jun 2023 (Thu)

Pay date 17 Nov 2022 (Thu) 20 Jul 2023 (Thu)

[boozey] 17/4/2023 20:00

Waldron in principle I agree with you, but the scale of the buyback (two back to back buybacks) equates to about 10% of the total share capital and thus I would describe it as a special case.