Centrica Share Discussion Threads

[hamhamham1] 23/11/2017 09:16

All the utilities have posted similar downcast results. Some of it is true. Some of it is to fire a shot across the governments meddling and some is no doubt opportunism that it's a good time to get any bad news or write downs out the way - all wrapped up in one lovely RNS. (I think the last one is clever - means future updates can keep positive)

[tim 3] 23/11/2017 09:12

Hi.

Not in here but know what its like waking up to stuff like this.

FWIW there is long term support from 2003 just above 130 which has been the low today.

Good luck all.

[justiceforthemany] 23/11/2017 09:10

Replying to @RonnieChopra1 @russelljones25 @ZaksTradersCafe
Wasn't that long ago around 300p mark when talked about as bid target. Today's reaction is as if Labour have won the election! @cnbc @bbcnews @bloomberg

Ronnie Chopra‏
@RonnieChopra1
44m44 minutes ago
Centrica, over-reaction? Surely a bid target at these levels - everyone needs heating -British Gas. One normally thinks of utilities as being stable investments. Not today @russelljones25 @ZaksTradersCafe

[nortic 007] 23/11/2017 09:10

Centrica Says on Track to Hit 2017 Targets Despite Tough 2nd HalfSource: Dow Jones News By Adria Calatayud British utility company Centrica PLC (CNA.LN) said Thursday that it is on track to achieve its 2017 targets, but warned that its energy supply businesses have had a disappointing second half.The owner of British Gas expects full-year adjusted earnings per share of around 12.5 pence, below market consensus. This reflects the impact of a one-off, non-cash charge of 46 million pounds ($61.1 million) in its North America business, Centrica said.Lower-than-expected adjusted operating profits in both its North America and U.K. operations have affected the company in the second half, it said, as has the unusually warm weather both regions experienced in October and November.Centrica raised its full-year efficiency-savings objective to GBP300 million from GBP250 million, and backed the rest of its 2017 targets for operating cash flow, investments and net debt.The company's energy-supply accounts have fallen due to its focus on customer value, it said, adding that trading conditions continue to be highly competitive. Write to Adria Calatayud at [e-mail] (END) Dow Jones NewswiresNovember 23, 2017 02:48 ET (07:48 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.

[wipo1] 23/11/2017 09:09

Portside How can your average be 158p, how much are you losing?

[hamhamham1] 23/11/2017 09:09

Crikey Orinocor. The sun must be over the yardarm where you are :) But positivity is the secret to a long life a guess.

[jpjohn1] 23/11/2017 09:08

Still think Market overreaction and shorting, it happens a lot, people panic. I will change from a Trader to an Investor now. I would be loosing an arm and leg at what prices what I paid for them. I still get my dividends so not all bad. I will log of now, for a few months. Good luck with all your other shares

[orinocor] 23/11/2017 09:06

should finish blue

[hamhamham1] 23/11/2017 09:02

If theres two things to learn here its: firstly - 'Diversify Your Portfolio' and secondly - 'Patience'.

[justiceforthemany] 23/11/2017 09:01

Centrica PLC CNA Kepler Cheuvreux Buy 137.65 163.30 190.00 190.00 Reiterates

190p would be nice!

[portside1] 23/11/2017 09:01

another 13k bought I am very happy at this rate I will have my avge at around 158p

[tsmith2] 23/11/2017 09:01

may broker comments?

[nortic 007] 23/11/2017 09:00

Mind the rally

[portside1] 23/11/2017 09:00

has I have said they should be buying back stock , 1b shares cost today 1.4b they have that in cash LD BE BUYING BACK SHARES ,

[justiceforthemany] 23/11/2017 08:59

Worth noting the EPS of 12.5p includes a one off 0.8p impact. So EPS actually 13.3p so forward P/E now just 10 for a defensive utility.

[nortic 007] 23/11/2017 08:58

Sorry didn't answer your question Ride it cowboy:)

[fabius1] 23/11/2017 08:58

Well I make the downside target a possible 115. I think we need to see where we are on the hour re the open. Looks like being all square which is not ideal.

[andyj] 23/11/2017 08:57

There wasn't much of an investment case before today, now there's a lot less.

[nortic 007] 23/11/2017 08:56

HHHThere's a lot of wounded people out there but these kind of moves sort the men out from the boys. I thought they'd break 150 today but was rather surprised by the 130s.I never like talk of takeovers because it sounds like a cry of desperation. It a bit like saying size doesn't matter but after the initial fall this morning you would think it might raise some eyebrows in certain quarters.

[losses] 23/11/2017 08:55

Fantastic buying op...

[aussiedonnie] 23/11/2017 08:54

Who would invest in a company run by someone named Mr Conn?

[tsmith2] 23/11/2017 08:51

*bear. Would like to see strong move pass 145p before committing

[tsmith2] 23/11/2017 08:50

Beat raid? Could be an interesting day here. Tempted

[hamhamham1] 23/11/2017 08:50

Nortic. I did make me chuckle you using the words "sharp" , "rally" and "142" in the same sentence regarding centrica :) If there are a lot of spread bet and cfd holders out there, as you said, the momentum on this kinda thing get amplified. What can you do? Sell and take a hit or ride it?