Centrica Share Discussion Threads

[nortic 007] 02/1/2018 10:50

Typical..... up and then getting bashed again!!!!

[nortic 007] 02/1/2018 10:20

I hope so :)

[jpjohn1] 02/1/2018 10:18

Yes Nortic, it looks a strong buy to me at these high yields

[nortic 007] 02/1/2018 09:07

Even if they were to reduce the dividend they would still look attractive in this currency environment. imho

[jpjohn1] 02/1/2018 09:05

This is more like it today, if we can stay up there. I agree with you, with a dividend yield of 8% people are starting to wake up to CNA :)

[warranty] 02/1/2018 08:29

I don't see any particular catalyst to push CNA shares higher at the moment unless of course there is a flight to safety if some of the tech stocks pop. Some of them are on ridiculous PEs at the moment whilst the likes of CNA and other safer stocks lag. As susie says above, it should also attract income seekers as long as the dividend is confirmed. I think the increasing chance of a Labour government has affected many shares but I still think it unlikely it will ever happen and so I continue to hold or add to all of my Utilities.

[susiebe] 02/1/2018 08:16

Any 2018 CNA tips anywhere?Surely turnaround to start now..Just seen this on Investomania'Centrica's performance in 2017 was hugely disappointing. The company's shares moved around 40% lower during the period and this meant that they closed the year on a dividend yield of around 8%. This means they are the highest-yielding share in the FTSE 100 at the moment. With inflation at 3.1%, Centrica could be a popular income stock this year. This could help to push its share price higher in my opinion'.

[selborne_edge] 30/12/2017 21:19

Thanks Diku. I have been watching the traders, dealing with CNA shares, for the last 2-3 months. It struck me that a major reaction to every rise in price took place when the CNA share tried to rise.

It will be particularly interesting to see what happens to these shares on the 2nd January.

[diku] 30/12/2017 17:59

Yes if we do get a new year surge in CNA price then some will bail out as they have been stuck in for a good few weeks.. there will be plenty who bought in below 140p...MM want to lock them in...hope I am wrong but possible another leg down to 120 - 125p then a rally to 150p - 160p...

[selborne_edge] 30/12/2017 13:59

careful Based on previous experience, the early days of the new year usually see a surge in share prices. Hopefully CNA will share a part in that surge. Once the surge is over I plan to take a few profits because I expect the price of shares to fall back .

[careful] 30/12/2017 11:04

Yes, none of us is sure of the outcome of Brexit.
We can be sure that the long running battle over the decades by the EU sceptics, culminating in a leave vote last year, will continue.
This civil war is not yet over. The remainers will fight to reverse this decision at another referendum in the future.
That will depend upon public opinion and the economy, nothing is permanent.
but enough of that I vow not to mention it again.


As for CNA, I am hoping for better things this year. They could hardly be worse.
Also holding BT.
embarrassed to admit these are my 2 largest positions, but I did not buy them at the higher prices.

Woodford thinks domestic shares have been unfairly hammered recently and they will bounce. Many other shares are in bubble territory he claims.

[warranty] 30/12/2017 10:45

I think the immediate drop was certainly a result of the vote, that's true careful but it seems those who voted Remain only seem to want to concentrate and highlight the negatives of everything. The low pound has been a massive boost to exporters, to tourism and also to retailers, especially in London, during the sales period. im far more optimistic about leaving the EU than you are but I'm not unaware of the massive task involved in the process, especially with the intransigence of the EU itself. I think the uncertainty will continue next year but hopefully confidence will start to turn for oversold companies like CNA. Have a great Hogmanay.

[careful] 29/12/2017 19:30

warrant
Agree with most of your post.

but the immediate drop in Stirling after the Brexit vote could not be explained away so easily.
The first evidence of a downgrade in UK prospects going forward.
No boris bullsh*t this time, but the barefaced money markets.

[warranty] 29/12/2017 19:14

Careful, yet another dig at Brexit, don't you think it's time you gave it a rest? Sterling had been accepted as way overvalued long before the Brexit vote and if you have a balanced portfolio you will have gained from those companies benefitting from the high dollar. There will always be currency movement so please give the constant bleeting and blaming of Brexit on anything you don't like. I'm suffering on CNA as well as SSE and NG. to name just 3 but have taken advantage of the ridiculous current price of all three by buying more. If you're an investor, rather than trader just take advantage of the weakness. There is nothing intrinsically wrong with CNA or the other two but they are currently unloved in the market place. What's new about that. Surely that's the beauty of the stock market, the opportunities it sometimes gives you to pick up quality companies at depressed prices. Look at the commodities since last year, banks and insurance and tech stocks roaring away. Tobacco, Utilities, Pharmas and transport have struggled this year but where would you look for growers in 2018? I'm adding to quality losers this year and will take the dividends until they recover. That's my take on it others may think differently but whatever you choose, good luck to you all in the New Year.

[diku] 29/12/2017 19:03

Is it time to send the call centre abroad?...cheaper labour..

[careful] 29/12/2017 17:41

A closer study of the last 4 years results raises doubts about profitability going forward.
Drastic surgery needed here to turn £29bn of turnover into a decent profit.
Must learn ot run this business on a mere £26bn pa.

[careful] 29/12/2017 17:15

very little profit here over the last few years.
too long freezing charges.

over 4 years the turnover has been a total £111bn.
combined pre tax profit £1.26bn.

this is pathetic, barely profitable from a huge turnover
too many overheads, too many employees.
customers do not want to pay the correct price.

dividends are a red herring. they cannot be afforded.
CNA increase debt to pay them.

Higher prices and reduced overheads are required for survival.
We need a tough CEO.

[jpjohn1] 29/12/2017 16:34

If there is no good news soon with it dropping like this it does look like a potential takeover might be on the cards, at least this might raise the SP

[careful] 29/12/2017 15:34

hope someone doesn't know something we don't.
that is my biggest fear.

Conn should be running a tight ship, not wasting a penny to make the next set of results a positive surprise.
They must be on a war footing right now.
Every employee knows about the share price collapse.

One predicable negative factor though is the politics.
Not trying to make cheap remoaner point here, but with the £ falling due to Brexit and energy prices rising, the hapless voters who voted leave and triggered the fall in Stirling that has caused such odd behaviour on the markets this year...well they will be receiving very big energy bills after this cold winter.

They will of course squeal like pigs, with Jeremy Corbyn waiting in the wings.

The first consequences of the Brexit thing will land on their doormat and it will be headline news.

[nortic 007] 29/12/2017 14:35

Shared would go up if he left.

[jpjohn1] 29/12/2017 14:21

Yes careful, it will be interesting read. Something got to be done, Conn has to convince the shareholders what he's doing is right or he must be sacked

[careful] 29/12/2017 14:03

what a dog this year.
ftse100 index at record 7688.
up 7.6% this year.
centrica down 41.1%.
Historic pe 4.37.
Yield. 8.74%.

a spectacular underperformance.
It will be interesting to read the year end press.

[jpjohn1] 29/12/2017 13:55

I'm sorry to say this company seems to be the donkey for 2017. Still wishing everyone all the best for the New Year

[eeza] 29/12/2017 12:54

Bent as a 9bob note.

[jpjohn1] 29/12/2017 12:50

Trouble is it dropped whole 1p on the count up !!