Centrica Share Discussion Threads

[mitchy] 18/6/2018 22:52

Mark - you and I both have suffered at the hands of cna. It has been my worst investment ever of the blue chips.For the first time I'm seeing genuine reasons to be cheerful. I've been warning folk for years, you included, NOT to buy cna until you hear good news.Well, now we are getting the good news . It's time to load the boat Marky. Have I added ? NOOOOO! ;)

[eeza] 18/6/2018 20:48

Now being bashed over PrePayment meters.

"Ruthless energy firms have been criticised for using excessive numbers of court orders to forcibly install prepayment meters in the homes of customers struggling to pay bills.

Industry regulator Ofgem is concerned companies such as British Gas are rushing to use warrants to insist families in debt have meters put in.

At the same time these customers are being hit with costs of the legal action – which allows energy staff to force their way into a home – and installation, which can be as much as £900.

Ofgem said 84,230 electricity and gas prepayment meters were installed last year to recover money from customers in debt.

British Gas installed almost half of these – 41,614 – which was a 26 per cent increase on the year before. Smaller firms – Ovo Energy and Utility Warehouse – were also criticised for over-use of the courts and warrants."

[mercer95] 18/6/2018 18:12

I’ve lost money here, bought in last year at just over 200p but bailed out nearer 190p but sentiment was worst then for utility companies, surely the story won’t get any worse, Corbyn’s mask is slipping, he’s no messiah, just a messy guy, see if mr Market will be in a better mood tomorrow after England win later.

[kulvinder] 18/6/2018 17:30

I want my £2 yum yum, sorry to all who bought at much higher levels....but still too slow for my liking, needs to a move on for me get my exit price by next x- divi.

[supermarky] 18/6/2018 17:16

You sound all bullish now Mitchy. Are you/have you topped up at these lowly levels? I remember you have been a cna poster for years now. I know so many people are so under water here. People who bought at 400 350 300 and those who grabbed a bargain at 250 200 etc

[mercer95] 18/6/2018 07:56

Well said mitchy,I’m in total agreement,the dividend gets paid out of the cash flow not the profits so Centrica is in a strong position IMO GLA

[mitchy] 18/6/2018 07:43

I expect more gains not just for this week but until next results and beyond. The market has got the scent of cna and is going to correct most if not all of the erroneous down grades of the last 5 years. Electric cars and a growing energy market in general...who hasn't got at least 20 + items on stand-by or recharging now? Sure there is increased competition and tight margins but the energy market is getting bigger all the time. Plenty to go round.Good Luck.

[diku] 16/6/2018 18:41

He just wants to be liked!!...or else he goes on twitter mode...

[garycook] 16/6/2018 11:59

Is the Centrica share price too cheap to ignore?



Shares in British Gas owner Centrica (LSE: CNA) have been languishing in recent months, trailing sector peers such as SSE and National Grid. From hitting a peak of just over £4 in 2013, Centrica’s share price has since more than halved to 153p.
Competitive pressure

Investors clearly believe Centrica stands to lose out big time against the looming price cap on energy tariffs and ongoing competitive pressures in the retail supply business. That intense competition was partly behind the loss of another 110,000 domestic customer accounts in the first four months of the year, which came on top of a decline of roughly 1.3m customer accounts last year.

With a haemorrhaging of its customer base, there are growing worries about the impact on the company’s long-term earnings ability, not least because of the uncertain sustainability of its dividend. Let’s not forget that Centrica has already taken an axe to its dividend before — only back in 2015, the group cut its dividend by 30% after profits fell sharply in the wake of a slump in oil and gas prices.
Near-term tailwinds

But despite the tough operating environment, the company still generates good cash flow and has a high level of financial flexibility, which is underpinned by its relatively stable balance sheet position. Also reassuringly, the company said it expects to be able to maintain the current 12p per share dividend in the current financial year.

There are a number of near-term tailwinds to consider as well, including the improvement in commodity prices since the start of the year and a potential sale in its 20% stake in EDF Energy Nuclear Generation. Meanwhile earlier this week, City broker Jefferies upgraded Centrica to a ‘buy’ on expectations of a “more balanced approach” towards the impending introduction of the government’s energy price cap, following the release of Ofgem’s recent consultation paper which gave “detailed consideration of suppliers’ costs”.

Sure, there’s still a great deal of uncertainty with the Centrica’s long-term earnings outlook, but I reckon more of the risk is now on the upside. Shares in the group trade at just 12.5 times its expected earnings this year and offer prospective investors a very high dividend yield of 7.8%.

[losses] 16/6/2018 11:32

Centrica, Tokyo Gas break mould in Mozambique LNG dealhttps://finance.yahoo.com/news/centrica-tokyo-gas-join-anadarkos-083435182.html

[garycook] 15/6/2018 14:19

Topped up here.Looking strong in a down market,with the FTSE over 1% down.

[mercer95] 15/6/2018 09:55

Smart move by Conn to wait for the dividend date to pass before making yesterday’s bullish statement,like he’s awarding the long term share holders,I reckon more good news beckons, selling some of the unwanted assets would be a result,I’ve lost track of the rest of the market to be honest,a lot of losses about today so I’m gonna sit tight here.

[mitchy] 15/6/2018 09:40

Note to self - stop watching cna share price ..it will go back up without you watching it.

[kirtonender9] 15/6/2018 09:31

I bought last week as chart was looking bullish. Looks even better now with 13/34 day ema Buy Signal earlier this week.

[whatsup32] 15/6/2018 08:11

EDF to pay for missing smart meter targets. FT source

[diku] 15/6/2018 07:46

All appy now...at least it is up since start of year so far having under performed last year...

[diku] 14/6/2018 23:37

It means you dreaming!...

[mitchy] 14/6/2018 23:24

(Dreaming)....a Tesla car with 200p written on the side and I'm driving it...what can it mean?

[kulvinder] 14/6/2018 16:39

It has been a much better day...long may continue, with my new target of 200 based on the all the news releases these last few days....GLA

[mitchy] 14/6/2018 16:05

FTSE up 120 points since this morning and cna have been outperforming it all day. What a time to be alive...

[cernunnus] 14/6/2018 15:03

I notice we all keep saying hopefully LOL I dont think we want to jinx it.

[ny boy] 14/6/2018 15:01

Going well, the boring stocks are chugging higher with good divis.

Even (IDP) is waking up, along with (ITV), I have been accumulating (EQT) to after today’s rns! One to tuckaway imho