Centrica Share Discussion Threads

[tim 3] 16/2/2018 05:34

Ref caps (or not) why does the government not just decide what they want to do and get on with it?

How long does it take them to make a decision.

All this fathing around just causes more uncertainty.

[andyj] 16/2/2018 01:06

Let's just hope it steadies the ship. Any sign of increased negativity in customer numbers will be punished again, probably severely.

[brooky] 15/2/2018 13:06

AGM is May I think, prelims are next week..

[jpjohn1] 15/2/2018 12:48

The share price of this company on the 21st Feb a year ago was 2.20,29p . For this company to go down to 1.25,70p is an utter disgrace chaps !! How any of the Bod can keep there jobs is beyond me !!!

[eeza] 15/2/2018 12:20

Utilities under the cosh again today.
Up one day down the next, it's just churn for the MM's & traders to skim.

[andyj] 15/2/2018 12:13

To give substance to my point about the market being about momentum and nothing more, look at the valuation of Just Eat 5.9 bn, compared to Centrica at 6.9 bn. They just deliver food ffs.

[warranty] 15/2/2018 12:11

I think sentiment is currently against any company who operate in areas aligned to Government. The disgraceful CLLN situation with management feathering their own nests whilst shafting workers and shareholders, has along with Corbyns aversion to any of these companies making a profit, or rewarding investors for their risk is causing the collapse in share prices. Add in the NHS itself plus the threat of nationalisation and you have a perfect storm.

Sadly, I see no end to the destruction of value in these companies as the government itself is advocating further caps and restrictions. This may be the greatest opportunity of a lifetime to pick up these companies, or it may be the biggest destruction of wealth via individual, fund or pension holdings since the nationalisations of the 1920's.

[andyj] 15/2/2018 11:21

Looking like days of gains are about to be undone.

[eeza] 15/2/2018 10:14

It may be, but it won't make any difference.
Institutional block votes will rubber-stamp anything.

[portside1] 15/2/2018 10:05

the AGM will be interesting and ugly

[jpjohn1] 15/2/2018 09:08

I think you are all feeling low here with this one. Most other shares when they have a big drop recover quite quickly, unfortunately this one has not. The results a week today will make a big difference. If they are good we could see a lot of new investors coming in with us. I sometimes ask myself why I bother doing shares when it crashes like this, and just not leave it in the bank for a rainy day

[jpjohn1] 15/2/2018 08:46

I know the feeling andyj . I bought a good defensive stock CNA like the rest of us here. It was on a record lows, I thought it would bounce back up and make a good profit. May announce a price cap when it was in the 1.80s and we all know the rest of the story. I'm down a third. :(

[andyj] 15/2/2018 08:23

I being one of them JPJohn. The last 12 months have really made me question the logic of buy and hold. It would be interesting to see how many blue chips bought 3 years ago, would be showing a profit today. Plenty, would be running a loss, some significant losses. I think passive investment no longer fits the modern market. In the last 3 years its all about momentum, get on the wrong side of it, like buying CNA and you get battered. The demise of the blue chips will deter many from reinvesting. Indeed my prediction going forward is that private investors buying shares will die out. In their place will come derivatives, for they fit the way the market is going. Forget ideas of buying something to stick away, forget and collect the dividends. What good are they when the value has halved? Trade with momentum and put rational judgment aside, it's no longer rational.

[jpjohn1] 14/2/2018 22:23

I think there are a lot of people out there warranty, with good defensive stocks in there portfolio who are down badly at the moment. Stick in there, they will come right for you

[warranty] 14/2/2018 21:49

I also hold GFRD careful as well as CNA, SSE, IMB, SGC and IRV, so you can imagine how well my own Portfolio is doing??

[jpjohn1] 14/2/2018 19:36

Hi careful - you don't seem to have much luck with your portfolio lately. Hoping for better times for you. :)

[careful] 14/2/2018 18:58

Centrica is one of my better investments today.
Another of mine, GFRD was down 20% today.
Held them for years.
Victimisation.

[nortic 007] 14/2/2018 18:47

I not going to waste my breath :)

[jpjohn1] 14/2/2018 18:16

I have 32m ?

[jpjohn1] 14/2/2018 18:14

Hi Nortic hope your well - sometimes we can feel down with it not going up fast enough for us, every cloud has a silver lining, in the last 8 months I have sold quite a few company's. If I still held them all at the moment I would be down on paper many thousands. I was lucky, each one I sold was a profit. :o)

[yump] 14/2/2018 18:03

I get the impression looking at some of the inexplicably large drops in energy, water, contracting, retail and property, that any sign of weakness is leading to abandonment and the only reason I can think of for that is that funds and larger investors don't want to be holding anything that has any hint of risk, through the Brexit period.

ie. funds etc. tend to hold for quite a few years and the crystal ball is very cloudy at the moment, jumping between visions of Sauron and Gandalf.

[nortic 007] 14/2/2018 17:49

Noticed 12.5m @127.30 went through at 16.55