Centrica Share Discussion Threads

[nortic 007] 21/11/2017 08:10

I notice SSE are up this morning. Wouldn't it be nice to see a little bit of blue today.

[losses] 20/11/2017 22:53

Jarvis was another one

[diku] 20/11/2017 21:56

Somebody mentioned the Marconi!...don't want bad memories again...

[jpjohn1] 20/11/2017 21:45

That's a lot Nortic, hopefully you will get it all back, off to see JeThRo Thursday :-)

[nortic 007] 20/11/2017 21:23

Lost £400k back in the dotcom . Vodafone and Marconi so I know how it feels.Good luck

[jpjohn1] 20/11/2017 20:52

That was shall not shell pre txt !!

[jpjohn1] 20/11/2017 20:48

Yes Nortic, whatever the share price is doing, even at a big loss I always have a smile on my face and happy go lucky. I shell stay with CNA, do not intend selling like I said before with Glencore and lost 80k ouch !!

[nortic 007] 20/11/2017 19:49

jpjohn1You're an honest investor which I like and I can remember you mentioning GLEN before. I took an opposite view and still hold them today. You feel the same about CNA and you could well be right but don't give up on these things. I used to be a MM for nearly 3 decades and there was nothing I'd like more that a falling share price even if I had them up to my eyeballs. Profit warning,dividend cuts were always a money making opportunity when the punters bailed out purely on a fear fact basis. Hoping for better times :)

[essentialinvestor] 20/11/2017 19:49

If you strip out any profit on UK domestic energy supply
what is the residual pre tax?, that's what I would look at.
Base a valuation around that on a worst case basis.

A not for profit domestic energy provider for Scotland on the way.
This is years before a potential wider nationalisation.

[nortic 007] 20/11/2017 19:39

When you look at all your normal market stalwarts that are yielding what you can only describe as unrealistic yields , they all seem to be struggling because it's inevitable that a cut is round the corner. It would be great to see them at £3 and above but this will take time and a possible change in direction for CNA to achieve this.I hope your investment can give something back for all your loyalty and all the other holders on here.

[jpjohn1] 20/11/2017 19:38

I think I've given in guessing where this one is going, we think it's reached the bottom then down it goes again!! I will have to wait a long time before I get even, I expect a lot of us are down quite a bit by now. Still waiting for Thursday update, can't get any worse or can it ?? Never felt down on a share since I had Glencore a couple of years ago when it hit the low 70s and I bought five tranche's in the 2.50s. With the share price going down like this, I am quite expecting a div cut to be announce Thursday so brace yourself, if dividend is cut then I expect it to drop quickly. I hope I'm wrong. :-(

[optomistic] 20/11/2017 19:27

I want to see a bounce back to over £3 Nortic...and I am not alone.

[nortic 007] 20/11/2017 19:16

Optimistic I see what your saying but if they should cut and they don't that could be seen as bad management and bad for the share price. Wouldn't you rather see a cut and then a bounce back to say £2 ?

[optomistic] 20/11/2017 19:11

"The fact that these are yielding nearly 8% would suggest a cut"

Only yielding nearly 8% for today's buyers but not doing 'quite' so well for the buyers at 300p and more.
Divi needs to be maintained for the long term holders!

[nortic 007] 20/11/2017 18:58

Let's say the did cut the dividend. Would that be such a bad thing?The fact that these are yielding nearly 8% would suggest a cut. So let's say that goes to 6% yield. Would still be one of the best dividend payers in the FTSE. I can't see CNA cutting its workforce because of the governments stance. That wouldn't go down well with our leader Corbyn.... sorry I meant May.

[backmarker] 20/11/2017 18:47

How safe is the dividend here ?

[nortic 007] 20/11/2017 18:45

You would think there should be some margin calls coming up very shortly. Wouldn't be surprised if they were to kick in tomorrow. Maybe a sharp fall early doors say 157-8 and then bounce but trying to predict this stock has become very hard indeed.At least CNA got their move in first . They can't be seen to fight against the powers that be.If you can't beat them join them.

[nortic 007] 20/11/2017 18:32

I'll set my alarm for 6 O'clock.)

[gaffer73] 20/11/2017 18:31

This is getting silly now.

[nortic 007] 20/11/2017 18:29

Point taken :)

[capeview] 20/11/2017 18:25

@284 Nortic, don't start that again, not sure I'll be able to remember all the shows you come up with next. lol P.S. I do know which you are referencing here though. ;)

[nortic 007] 20/11/2017 18:17

It'll go up on bad news. That's how markets work. Strange but true.

[jpjohn1] 20/11/2017 18:01

What good news does it take to make this company go up !!