Centrica Share Discussion Threads

[2seabass] 26/1/2018 09:13

However, with net debt expected to be within the Group's targeted GBP2.5-GBP3.0bn range, the level consistent with our financial framework parameters, and 2017 adjusted operating cash flow expected to be above GBP2bn, the current level of the full year dividend per share is underpinned.For a period of time, while the Group is implementing its strategy to continue to shift the portfolio towards the customer and diversifying and growing new sources of gross margin

This sentence is why I have invested in CNA, it appears the divi will be maintained - " we would be willing to operate with dividend cover from earnings below historic levels" .

[capeview] 26/1/2018 09:08

JP, ever since I worked for TSB then Lloyds/TSB, TSB was always the slow mover on the low side while Lloyds price was much bigger. When they merged the share price took a while but eventually shot up big time from £1.22 area to nearly £9 at one stage near the 2008 crash I think.

I no longer work there but there share schemes were excellent and enabled you to make a lot of money. Just a shame that House renovation and having kids eats up all those finances.

[jpjohn1] 26/1/2018 08:53

I remember when I was buying hundreds of thousands of Lloyds bank shares when they were just 17p look at them now

[jpjohn1] 26/1/2018 08:49

Hi chaps, I'm confident this will go back up to the two pound mark. Not sure when, I've gave up predicting this one. I will be the first to say it never goes where you think it will go. Just sit and wait, the high yield they pay and even if they cut it to 6% at the AGM, where are you going to get kind of money in bank interest !!

[portside1] 26/1/2018 08:46

diku i think you are the top poster for that , when will you post a few facts thanks

[capeview] 26/1/2018 08:25

So much for following SSE and NG. They are both up this morning and CNA is still in the pits.

[diku] 26/1/2018 08:15

120p - 125p?...

[gregpeck7] 26/1/2018 08:14

Buy some uen. I'm looking for a ten bagger there this year. Has already doubled once.. no portfolio should be without them.

[diku] 26/1/2018 08:12

porty...you got Australian flu?...just don't pass it over this board via cryptic fever...

[portside1] 26/1/2018 08:10

still laid up with the flu ts the worst I have ever been in my life lost over a stone
hopei am better for the news comin here

[garycook] 26/1/2018 07:33

Never invest more than 10% in any Portfolio in one stock !!!

[cbr60000] 26/1/2018 06:04

For info, I hold these in my SIPP ( which I can't drawdown for at least another five years) they are c15% of my total SIPP basket, so my strategy is to generate income with capital growth being either neutral or better.Can't see them going sub £1, if they do, l'll top up. Therefore l consider this approach a safe play....views ?

[goldpiguk] 26/1/2018 00:05

Hi jpjohn1,

Interesting posts about your high conviction investment in Centrica. In the past I have not been averse to taking large positions in just one company. My current largest investment is LLOY (c.30% of my portfolio) which I note you have now sold to add to your CNA holding. For me LLOY is a very high conviction long term investment with projected sharply rising dividends for the next few years.

I continue to hold CNA in my ISA. The 8% CNA yield looks very tempting but with these utility companies now facing so much political uncertainty it may well be the 2020's before CNA really moves a lot higher and at best it now only looks set to maintain the dividend.

I don't expect a quick resolution of the political pressure on the utility companies ---- unless the Tories drop all ideas of a price cap, stop the 'fake news' that energy companies charge rip off prices, and Jeremy Corbyn does a uturn on nationalisation plans.

The political climate has given many investors reason to sell out. I have decided that I will not be adding to CNA, RMG, or (SSE outside my ISA) but neither will I be selling, as my original reasons for investing in these companies remains intact. In total they represent C.10% of my total portfolio and I don't wish to increase my exposure in the near term.

Of course I hope CNA will rocket after the results, but I wouldn't bet on it.

Goldpig

[diku] 25/1/2018 23:16

Once upon a time Marconi was a big company...& so was Enron!!...

[jpjohn1] 25/1/2018 23:12

I know cbr60000 you would have never believed it 6 months ago. I have learn from experience what goes down goes back up and if the results are good this could fly upwards and there will be a lot of people here saying if only I would have stocked up on these at such silly low prices I would have made a fortune. We had the same with the miners , all doom and gloom, and look at them now Glencore, Anglo up nearly 6 fold in 2 years. Don't forget BG is the largest supplier of household energy in the uk. We are not on about some small company here !!

[supermarky] 25/1/2018 23:06

Sse had a daily close below key support. Ominous

[eeza] 25/1/2018 22:56

Conn power.

[cbr60000] 25/1/2018 22:51

18th June 1999....was the last time it was this low !

[mastey] 25/1/2018 21:39

The US wholesale recent gas price rise is irrelevant short term as so much is hedged so far in advance. The producers win longer term but the middle man is the bad guy when they pass on. The European gas is so much more expensive than US gas and again is hedged. CNA is a staff cost heavy company with huge long term staff liabilities . It’s a service co that just has no pricing power because of all that is said on this boardr. , the likes of Uber, Amazon being perfect examples of what consumers now expect, which is not possible for large super tanker utilities providers . The only hope is for the markets to really pull back and CNA will out perform but only in relative terms. If I was a holder I would sell on any short term strength and move on

[nortic 007] 25/1/2018 21:00

Thanks mastey I'll watch on with interest. Just back to CNA and the recent strength of £/$ I thought might have helped.You would also think the recent surge in the gas price would have helped. Just hope they had enough in reserve and haven't been left short and scrambling to buy it in a rising market.I don't really know how it works so might need some guidance from you guys.

[mastey] 25/1/2018 20:48

Nortic well rightly or wrongly took a very good profit today on Kier.

We did chat about my 145 CNA target that I took a couple of weeks ago and did ok. I was thinking of having another trade but am going to keep watching as downside risk greater than upside in my view at present.

Now another punt like Kier. Luceco, take a look, I would appreciate your views. Yes small cap high risk, but if they did not hedge massively just after issue has dollar recent weakness really helped them ? Can’t make up my mind

[nortic 007] 25/1/2018 19:59

Appreciate your honesty.

[nortic 007] 25/1/2018 19:58

Let's move on and the best of luck to all.Back to CNA.

[sux_2bu] 25/1/2018 19:57

Yup, it was a wind up. I have no idea what price Nortic purchased at.

[nortic 007] 25/1/2018 19:56

Only if you admit your 300p post was made up and stop swearing then I'm game.What do you say......