Centrica Share Discussion Threads

[338] 08/1/2014 21:45

Nick luff leaving centrica.... That is bad news.... See you under 300p...

[mitchy] 08/1/2014 12:45

With the share buy backs starting again soon for 2014 and the dividend (due Feb/Mar ) over 5% again there's lots of upside pressureto counter the short term effect of the Finance director leaving.

[mitchy] 08/1/2014 11:16

Buyers coming in.

[mitchy] 08/1/2014 08:39

08 Jan 14Centrica PLCDeutsche BankHold333.35315.00315.00Reiterates07 Jan 14Centrica PLCRBC Capital MarketsSector Performer333.35400.00400.00Reiterates

[mitchy] 08/1/2014 08:30

In at 333.3

[anley] 07/1/2014 12:41

A small reason for buying CNA sent yesterday from the USA.

The freezing weather has caused spot prices for natural gas on the East Coast to soar to record highs, with costs at a trading hub in New Jersey surging to as much as $90 per million British thermal units yesterday from just $13.61/mmBtu on Friday. Utilities are absorbing the expenses at the moment, although they could pass the higher prices on to customers later in the year.

As CNA has bought big gas businesses in the USA in the past this is good news but not for the homeowners!!

I am still a seller for the reasons I gave in a previous post.

[mitchy] 07/1/2014 12:16

Still waiting for 334 .Either later today or tomorrow.

[anley] 03/1/2014 10:26

I am looking to trade out of this share. I am not going to invest in what I call "political" companies. UK banks, energy companies and soon food where the debate will be on sugar content.

CNA is a very well run business with a great deal of overseas profits but we all know what red ed wants.

[mitchy] 30/12/2013 06:50

"There is nothing bizarre about our forecast that the dollar will be trading in a Y110-Y115 range and the Nikkei 225 will be at 19000 by the middle of next year," said Taisuke Tanaka, a strategist at Deutsche Bank.

Deutsche bank,at least, can also see a doable 9% gain in the markets.

[mitchy] 30/12/2013 06:24

Interesting chart position for the FTSE. Top of the pennant ready to breakout
another 9% to circa 7400 which is very possible.
Likewise CNA also looks set to breakout from the down trend.
Good Luck

[mitchy] 23/12/2013 14:49

Alot more buyers than sellers .

[mitchy] 20/12/2013 19:23

At 341p,my position, i'm a smidgettte off going back to black. The board seem to be really working hard to make up for lost ground and even though alot of the recent gains are down to new optimism from the market at large I still think the board are doing a great job of returning value to the share holders.

Good Luck.

[mitchy] 18/12/2013 21:47

In at 341p i'm expecting to get back to black after 292 point rise on the DOW and increased buy backs. The threat of increased interest rates as unemployment edges lower towards 7% is going to slow us a tad but not to much hopefully.

Good Luck.

[mitchy] 17/12/2013 07:53

Yes it underperformed the average on my watch list yesterday. Not expecting much in a flat market . Unless there isSome good news of course. The U.S cold weather should help figures in the short term at least.

[essentialinvestor] 16/12/2013 23:54

mitchy, you also need to factor in wider market moves, today was a powerful
market advance, you may have a clearer idea tomorrow.

[mitchy] 16/12/2013 23:51

Quite a few buyers at this price.

[mitchy] 16/12/2013 23:49

The general consensus seems to be a price somewhere between 300p and 315p but not sure why.Profits have only levelled out which for a utility company is roughly what i'd expect anyway..slow but steady.
Good Luck

[mitchy] 16/12/2013 23:37

16 Dec 13 Centrica PLC Deutsche Bank Hold 325.45 315.00 315.00 Reiterates
13 Dec 13 Centrica PLC Societe Generale Hold 325.45 410.00 315.00 Downgrades

[wipo1] 12/12/2013 15:56

I am back in again, looks value and yield.

[mitchy] 12/12/2013 15:26

Can Centrica PLC's Share Price Return To 402p?By Motley Fool | Wed, 11th December 2013 - 10:44Right now I'm looking at some of the most popular companies in the FTSE 100 to try and establish whether or not they have the potential to return to historic highs.Today I'm looking at Centrica (LSE:CNA) (NASDAQOTH: CPYYY.US) to ascertain if its share price can return to 402p.Initial catalystAs usual, before we can establish if Centrica's shares will return to their all-time high of 402p, we need to establish what caused them to hit this level in the first place.It would appear that Centrica's shares were driven to 402p earlier this year by strong demand for defensive stocks by investors. Indeed, around the time that Centrica's shares hit this level, shares of peer, SSE were also near their all-time high. But can Centrica return to its former glory?Unfortunately, at 402p, Centrica's shares appeared expensive. In particular, at 402p per share, Centrica was trading at a historic P/E of 15.5, far above the multiutilities sector average of 11.2.That being said, as one of the UK's premier utility companies, Centrica does deserve somewhat of a premium over its peers. Still, a near 40% premium does seem slightly excessive.Centrica's recent decline has been driven by speculation that the government will start to cap, or freeze utility bills, which will put pressure on the firm's profits. However, I feel that Centrica is extremely well placed to ride out excessive regulation in the sector if its goes ahead.You see, far from being a plain old utility provider, Centrica is an oil & gas producer as well, with ownership of oil-bearing assets around the world. This indicates to me that Centrica will be able to use profits from its oil operations to support is domestic UK business if stringent regulations come into force. What's more, the company has access to a number of gas fields, which allows it to control the amount it pays for wholesale fuel to some extent.This diversification, along with the company's £500m share buyback, should boost earnings and drive the company's share price higher in the long-term. Furthermore, the UK will always need utility providers and any short-term speed bumps should be mitigated by long-term profitability.Foolish summaryOverall, Centrica's shares are well placed to stage a return to 402p. Recent declines brought about by investors concern over government regulation are only likely to impact the company in the short-term. Moreover, in the long-term, Centrica's oil & gas assets should keep the profits flowing.So all in all, I feel that Centrica can return to 402p.

[mitchy] 07/12/2013 12:25

Zolmax news 6/12/13

Six research analysts have rated Centrica with a sell rating, thirteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Centrica presently has a consensus rating of Hold and a consensus price target of GBX 367.61

[mitchy] 07/12/2013 00:09

I don't usually take a position in a company unless there is significant good news on it.But when I factored in the big divi,good broker notes,GLG long,4 months of freezing weather predicted,a 15% drop off it's highs when it's earnings are just flat,share buy backs etc then it seems like a risk free trade.

Need some good news,perhaps of a big deal on exploration rights..who knows, they have so many avenues where it could come from.
Not happy to be in a small hole but confident at some point it's going to reverse. The week-end press may feature it as under fair value. I noticed for the first time in over a week the last price movements this Friday were positive.

Good Luck.