Centrica Share Discussion Threads

[portside1] 21/12/2017 08:27

what about those that have bought at over 300p and no cash to avge down that's the sad bit . its ok for investors like us posting on here its a game and it does not hurt us

[portside1] 21/12/2017 08:25

NO ITS ME I AM USELESS ON COMPUTER .

what is wrong about telling the truth on paying bonuses for 3 years oj a fall of 65%

its all fact , my avge is now under 150p and could get it down to 143p in seconds

[portside1] 21/12/2017 08:10

still have 200k in cash wilbuy 20000 more if they hit 135p

[portside1] 21/12/2017 08:09

no i am not i buy when suckers are selling I have been gambling since I was 10 now70 going on 71 , at 172p will make me 35k but will not sell I have my daughter on my account as joint its a good way of when I die she takes over

[mastey] 20/12/2017 22:42

Agreed re portside 1 , emotionally attached. Makes no sense continually buying more if so unhappy and bearish. Yes sub 1 could happen with sizable drop in dividend which will happen. I believe we will see a less bearish predicted expectation before feb update and see an uptick to around 147-150. That will let me obtain a nice 7% return in 8 weeks . I will sell before the feb update gain or lose . It’s just a punt and one can’t get everyone right . Just hope one gets more right than wrong

[citytrader66] 20/12/2017 22:14

portside1 sounds emotionally attached to the share. as he says topped up but adds no further comment as to why today price is a buy. be careful.

i sold for small profit at 140p. a bit sooner than i wanted as i needed funds for elsewhere. in no rush to buy back here. i think low 130s could get tested again. but sub £1 you're avin a laugh surely?

[mastey] 20/12/2017 18:28

Portside 1, your ongoing averaging down model could really hurt. Try and switch off as building on a concentrated position like this is very dangerous. With each trade you are making is making matters worse. I believe a bottom has been set but I might be wrong and south of of 1 pound a share could happen or even worse. Please please with the amount of skin you have in this share already, stop buying. Drip feed out . It’s only a share that’s gone wrong. From your posts you are in great financial shape so this will be just a minor hiccup.

[mj19] 20/12/2017 09:47

Bit boring at the mo no reason to buy? Christmas break

[2seabass] 20/12/2017 09:43

yes mps have attacked bookmakers, but they have just started to recover following a long decent (WMH - IGG) for example. However the mps are now having to nail their colours to the mast and finding it tricky.

[portside1] 20/12/2017 09:43

just added another 9.2k

[portside1] 20/12/2017 09:40

the best form of defence is attack . they should start to shut down energy supply
saying it is not worth running

[portside1] 20/12/2017 09:38

mps have attacked book makers it as not pushed them down they are up

[tim 3] 20/12/2017 09:35

I agree Mas,I sold Lloyds at a loss at £2 when many were saying it looked cheap, shortly after it collapsed and has never got near that price since.

[2seabass] 20/12/2017 09:35

portside 1

You are obviously steaming mad with the BOD. However, utilities have become the whipping boys for politicians in an effort in making themselves popular amongst the majority of the electorate. This in turn would undermine any normal business model who ever is in charge.

[portside1] 20/12/2017 09:32

I am lucky I can buy another 200.000 to get my avge down to 144p then sell at 146p

but I will hold its those that can not I feel for

[portside1] 20/12/2017 09:29

YOU NEED TO POST ABOUT THE DISMAL MANAGEMENT who for 3 years have seen this fall lose customers and say nothing but still milking the company still being paid bonuses

the question is simple the remuneration committee are apart of the problem they also get bonuses for giving out bonuses for failure

get to the agm and shout them down and out and cancel all their free shares gained by fraudulent figs

[2seabass] 20/12/2017 09:26

I bought 100,000 ~ 138p couple of days ago because I felt the bottom may have been reached. I also feel the politicians have to be careful not to destroy these utilities by creating a non investable situation where everyone suffers long term including the public. Of course, there is also the prospect of a decent dividend in June. - we shall see ?

[masurenguy] 20/12/2017 09:23

Averaging down very rarely pays off and usually you end up losing more than you would have done by just sticking with your original stake. A more proven and realistic policy is to set a stop loss price - maybe in the region of 25%/30% - and sell if it hits that point. At least then you will maintain most of your capital which you might even reinvest when it hits rock bottom and recover your initial loss.

[jpjohn1] 20/12/2017 09:16

In a couple of years time we will look back and say at these prices why didn't I buy more. I remember when Lloyds Bank were 17p and had 100k with them, if only we had a crystal ball :)

[careful] 20/12/2017 09:11

Article in todays Telegraph.
'Energy Firms under fire'.This time it is for not offering customers competitive rates more often.
Several times a year.

This is becoming a low profit business with too much political interference.
The politicians are ignorant of business reality.

[tim 3] 20/12/2017 09:07

I am not a fan of averaging down but at the same time I do listen to others and if you have found it beneficial then fair enough.

One of the problems as I see it is if you had done it with a share like say Lloyds you could have been left holding at a loss for many years and still no guarantee of a profit.

Anyway good luck all hope it recovers soon.