Centrica Share Discussion Threads

[justiceforthemany] 18/2/2018 11:06

Can anyone post the full Times article please?

[eeza] 18/2/2018 10:28

The most important thing with the results will be Conn's wording & outlook statement.

Negativity will be severely punished.

[jpjohn1] 18/2/2018 10:05

Wise words andyj, I need 1.87 just to break even. Seems a long way, away now. I suppose I am lucky not to hold any of the other shares I held in the last year, they are all down except Royal Mail. Just have to grit your teeth and get on with it, I am expecting to be in here many years to come until I can get out. I lost 80k with Glencore on fears it was going bust ( how wrong I was ) and don't want to do the same here with CNA

[death by donut] 18/2/2018 09:53

Cheaper than what Sid sold them for .

[whatsup32] 18/2/2018 09:42

I think this is good news

Article in the Sunday times. ‘British Gas owner feels heat’
Although the headline and article sounds down beat , it states profits will be down to £1.3b from £1.5b. , profits in North America to fall by about £140m, Morgan Stanley forecast dividend payout of .12p this year with lowered forecast as it expects lacklustre 2018 ,loss of 1.2m domestic customers.
Chief executive Ian Conn has seen shareprice drop 45% in the past year.

My view for what it’s worth is if the results come out like this then it would be concidered good results . I expect share price to go up next week barring uncertainties.

Usually articles written Sunday’s the weekend before results tend to be fairly accurate.

I feel for you bb’s who may have bought in the £2. . I’m in at £1.43. Not my best defensive investment

Another article in the telegraph ‘uk energy consumption falling’ . It states more products are more energy efficient . Well worth reading

[gaffer73] 18/2/2018 09:21

Yeah back to the 10% stop loss for me, no matter what.

[andyj] 18/2/2018 06:10

Sorry to hear that, my average is 1.73, but I won't be averaging down again. In fact I am turning my back on buy and hold completely. It actually only works, unsurprisingly, in shares that are in a long term uptrend. I have had enough of buying shares then hoping that one day in the distant future, I might get my money back. Now rebalancing my portfolio to my new investment strategy!

[jpjohn1] 17/2/2018 14:08

I agree andyj, this is meant to be a safe defensive stock, the reality it's been completely hammered. None of like to admit it, it's almost like in denial. A year ago it was 2.20 odd now a year later 1.28,15 !! And it don't look promising with EDF. If you bought at this low level I can understand you wanting to bail out. For myself it's not an option really, I would loose 60k. I like many others here are just going to have the battle it out 1 year, 2 or 3 years who knows. I am personally hoping they keep the div at 8.4p, it's something to keep us going. Just think of the people here who paid 2,3,4 pound how depressed they feel

[winner31] 17/2/2018 11:19

I think Corbyn is going to get hammered in the press next week ,story about his communist past coming to light ,should help the share price here

[gaffer73] 17/2/2018 09:24

Yeah with a mcap of £7b there is still a long way this could drop if the results are bad. If it breaks £1.20 I'm out too.

[andyj] 17/2/2018 05:52

I never intended this investment to be such a gamble. A safe, income share with minimal volatility is an attractive investment in our low interest rate environment. Profit warnings I can live with, but I have had enough of this steady, incessant erosion of capital. More bad news on Thursday and I am jumping ship and I suspect there will be a rush to do so.

[jpjohn1] 16/2/2018 18:56

Nice to see this up this week + 3.35p after four bad weeks. Looking forward to Thursday and hopefully some positive news. I think a lot of new investors are waiting to hear what they say. Have a great weekend whatever your doing. :o)

[uen_investor2] 16/2/2018 13:44

Dont miss UEN. Up again today and no more than 10,000 shares avaliable online.. They are already asking the full amount again to be filled

At 13m quid its hard to see a downside.

3 - 4 million shares available to the market. This on its own means there is very little available for large chunks. No warrants, no dilution

This will keep rising,

Here is why.

This ticks every box:
Excellent revenue.
Rejected takeover at 250p per share
Debt wiped shortly
Dividend. (5p per share paid in November)
Proved reserves.
2200 bopd production.
Bod have plenty of skin in the game.
Cpr due.
Drilling underway on high cos prospect.
Very small free float of shares.
Few shares in issue.
Well underpinned at a mcap far exceeding what we're currently at.
Exponential upside.
Not on the radar....YET!
Fabulous entry point
Own their own refinery - 30 million US conservative valuation on its own
UEN oil sold at a PREMIUM to brent


Worth reading this over and over again..

hxxp://www.uralsenergy.com/archive/presentations/Urals_Inv_Presentation_20_11_2017.pdf?v=231117

Urals remains one of the highest ranked E&P companies (4th) on the AIM market by 2P Reserves
Russian 2P Reserves volumes dominate the AIM E&P sector and continue to trade at a significant discount
to the market average
Urals generates more operating cash flow per barrel produced than its AIM listed peers
Urals 2P Reserves trade at a discount to the market and its regional Russian and FSU peer groups
Urals have continued to outperform its Russian peer group during 2017

[w1ndjammer] 16/2/2018 13:39

Nortic

yes i like the Dragonfly yachts, very fast i remember seeing one
for the first time about 20 years back and i was captivated by the way the
two outriggers fold in when in port. they are very stable and the 28 is well
capable of extended cruises. if i remember several have taken part in the round
the UK AND Ireland race. He will have some fun.

WJ.

[portside1] 16/2/2018 12:49

ever single office working civil servant take off at least 3 weeks sick a year ever year yes that's correct they have sick days to give others work to do .

they do it on a roll basis

[dr biotech] 16/2/2018 10:51

Brokers have a right to an opinion and theres is just as valid as anyones - but they always seem to follow the movement in the share price rather than predict it. Why did't they say this when it was £2. To me, they right guff to justify the current share price rather than what the future holds.

The exception to this is the smaller brokers (particularly the paid for research) that comes up with some fantasy share price that no sane person would believe.

[nortic 007] 16/2/2018 10:32

I think people are becoming slightly immune to this now. It's a bit like when they keep bashing Ashley. It all start to becomes rather boring.

[philanderer] 16/2/2018 10:19

Centrica faces ongoing problems, says Jefferies


Shares in British Gas owner Centrica (CNA) have fallen by nearly a quarter in the past three months and Jefferies warns the outlook continues to look challenging.

Analyst Ahmed Farman retained his ‘hold’ recommendation and reduced the target price from 155p to 140p. The shares were trading at 126.8p yesterday.

‘Given the 23% share price decline over the last three months, we refresh our risk analysis to assess the value case for Centrica,’ he said. ‘We believe a 4.5% UK domestic retail earnings before interest and taxation margin is achievable for Centrica, but the market appears to be anticipating a tougher standard variable tariff cap scenario.’

A cap on tariffs is not the only concern for Farman ‘given ongoing customer losses, recent negative trends in commodity prices, and limited confidence in Centrica’s long-term growth strategy’.

[eeza] 16/2/2018 10:03

BBC news

"Councils can start fining utility firms that dig up roads and cause traffic congestion, the Department of Transport said.

Firms will have to "rent" lanes on roads and pay up to £2,500 for a day's roadworks on the busiest streets during peak travel times.

Pilots conducted in London and Kent since 2015 led to a reduction in traffic jams as firms were incentivised to work on quieter roads or avoid rush hour.

It was also noticed that firms began collaborating with other companies much more frequently to prevent roads from being dug up multiple times, which led to fewer roadworks overall.

[w1ndjammer] 16/2/2018 08:29

short term chart looks good , nice recovery from that mini sell off yesterday.
showing some strength. needs to close above 131.5

WJ.

[gaffer73] 16/2/2018 08:13

Should see a move up for next week from here.

[portside1] 16/2/2018 08:07

300k buy and I know I know the buyer

[nortic 007] 16/2/2018 06:17

Very true Tim 3. I wonder if they (MP's)could even tell you what the share prices are of the utilities without have a sneaky look.Just getting back to next week I can imagine that there have been more customers defecting but if the rate has slowed down then that will be seen as a positive. Regarding Conn's statement I like him to emphasis that they are not just a one trick pony. They have so many more aspects to the business and maybe they should be steering the ship as far away from the domestic market as possible. I guess he'll keep his promise on the dividend payment this time round but it might be prudent to top slice that going forward. Don't be surprised to hear cries from MP's and the like in the days following CNA announcement.I said some week back that Conn has several option available to him regarding changes he could make but recently I've got the distinct impression that he's just been crossing his fingers hoping thing will be alright. He has to look strong because if he doesn't there will be cries of "enough is enough ".I'm sadly of to a funeral today for a close friend who I also worked with for nearly 30 years up in The City. Life precious and you never know when your time is up. Stuart Reeds R.I.P