Centrica Share Discussion Threads

[supermarky] 14/5/2014 11:21

Much needed bounce over the last couple of days. Balm to the soul.

[scotches] 13/5/2014 10:25

A little anti-Lab filip to the price today.

Centrica has this political millstone round its neck right up to the next election. However that guardian poll, improved UK economic prospects and the ongoing very negative public perception of Miliband suggests it is getting progressively less likely that Labour can win an overall majority. It's now 15/8 with B365. So 65%+ chance of something other than an overall Labour maj - and thereby a boost to all political stocks.

[mitchy] 13/5/2014 09:56

Even after the profit warning, all the downbeat press and the political shenanigans we still emerged relatively unscathed.The market always looks forward..and the future looks rosey for Centrica. The share buybacks aren't even half way done so it has a positivebias every day. The market also likes the noises coming from the management. The dividend looks safe , at least, in the medium term. Longterm it is more likely to rise than fall. It could retrace to 280 or climb to 349 and stay within the 306 - 349 trading range.My money is on it staying in the range.Good Luck.

[anley] 13/5/2014 08:20

YES.........the shares are oversold........

[m4rtinu] 13/5/2014 07:40

Any reason?

[mitchy] 13/5/2014 06:56

Wouldn't be surprised to start seeing blue from today.

[mitchy] 12/5/2014 14:27

As is centrica!

[janekane] 12/5/2014 12:04

Talks cheap

[mitchy] 11/5/2014 23:25

ps, if it did get to 280 i'd be loading the boat...for sure!

[mitchy] 11/5/2014 23:20

Questor in the Telegraph made some points about Centrica. He feels that a price drop from here might be permanent even though the dividend he admits is likely to increase. Who's to say he is wrong. He points to Centrica's £5B debt when they are 'awash' with cash and recommends to Avoid. Fair enough.
It could well drop to circa 280 in the near future but in my opinion..with a fair wind (literally) Centrica's profits will bounce back..and some. We shall see. The chart is showing a likely retrace to 306, a possible 280 and a possible
348 bounce.




Good Luck

[mitchy] 11/5/2014 21:09

Full Earnings report out this week. The press trashed them last week so this week so as not to seem to be writingold news they'll be biggin centrica up...betcha!

[mitchy] 09/5/2014 23:33

Thanks losos..I aim to please :)
...and well done Mrs Buffet for holding on to them..your divi must be HUGE!

[losos] 09/5/2014 12:14

Hi Michy - "Either way I'm viewing this very much as a buying opportunity."

I just looked through my file and found a page which showed the price on the effective demerger date (I believe that was 17 Feb '97)was 64.5p and my wife has held them from that date so if there's a chance to pick up a few more at 280 or 306 or whatever, I shall be a happy bunny!!!

Nice graphs by the way!

[mitchy] 09/5/2014 08:48

09 May 14Centrica PLCCredit SuisseNeutral314.45310.00310.00Reiterates09 May 14Centrica PLCDeutsche BankHold314.45300.00290.00Reiterates08 May 14Centrica PLCRBC Capital MarketsOutperform314.45360.00360.00ReiteratesRather benign broker notes .I was worried there might be downgrades but it seems the news,as I suspected, is already factored in.After all the papers have had their fun including the sundies we should start to see somesideways action. The buy backs and healthy divi will stop the bleeding at circa 306. Will that be the time to add or wait for a possible retrace to circa 280? Either way I'm viewing this very much as a buying opportunity.Godd Luck.

[rcturner2] 09/5/2014 08:37

That article does highlight how strange the buybacks seem if cash is so tight between the dividend and capex.

[mitchy] 08/5/2014 22:51

Ok lets look at the chart.



Not looking good is it? However I still believe even after the earnings reported today it's still going to stay inside the trading range 306 - 350.
It is after all a solid earner with a divi that's expected to increase.What's not to like?

[m4rtinu] 08/5/2014 19:35

Mitchy - wot no graphs today? // or :) Sorry couldn't resist.

[mitchy] 08/5/2014 14:07

It sould have fallen out of bed today but it hasn't (yet). That's very telling. The management have committed CNA to maintaining the dividendat it's current level or better . The market likes that. We'll find out next week the details of the earnings but would I add now? 306 would givea yield of over 6% + . It could rise from here but to be on the safe side I'd also keep my powder dry until then. That said I'm quite happy with my current holdingfrom 333 ( +divi ).

[philo124] 08/5/2014 11:21

Yes, see no compulsion to buy above £3.

[essentialinvestor] 08/5/2014 11:19

Poor update again with yet another downgrade of EPS outlook,
a 2015 increase means little as it's currently guesswork.

[mitchy] 08/5/2014 09:56

An interesting video update on the earnings announcement today. They seem confident the dividendwill not be adversely affected. Shame about the US profits not being all they could have been becauseit was TOO cold !http://sites.merchantcantos.com/companies/c/centrica/ims/#

[wipo1] 08/5/2014 09:43

Very poor performance here, every other european utility is going up and this is going down, I can't see any recovery. short or medium term, I am glad I moved into Gdf Suez and Iberdrola. Also I am looking at a risky Brazilian Utility NYSE:CIG

[jmbtrading] 08/5/2014 08:30

Been a painful ride for Centrica the last 6 months. Feel the pain may continue for a while but there is light at the end of the tunnel. As you say mitchy, 2015 looks to be a much better year so lets hope it is.

At this time with the strong dividend I will consider adding around £3 should it fall that low (which I do not expect).