Centrica Share Discussion Threads

[mercer95] 01/8/2018 09:54

The dividend gets paid out of the group revenues which increased to over £15 billion as of yesterday & not the profits which still stood at £626 million, to say it will be cut by around 60% is just ridiculous.

[portside1] 01/8/2018 09:30

div will be cut next year by around 60%

[losses] 01/8/2018 09:26

Divi is 3 months away

[mercer95] 01/8/2018 08:54

I’m still holding, the upcoming dividend should give the share price some support, the results yesterday could have been a lot worst, the big utility companies were always going to lose customers to the start up energy companies because the government gave them some advantages to make the market more competitive,for example they are exempt from the Energy Company Obligation.

[rpt_huge_reserves_upgrade] 01/8/2018 08:49

If you missed RPT RNS - you could say its a stormer - Up again tomorrow
Increased P1 reseves by around 1500%!!!!! Not going to comment on the rest, have a read....

Yes that is 1500% uplift (and thats just the P1) It is hard to believe how significant this is.

THe herd have not arrived yet.. Its still under the radar of most investors.

Add to it 40 million USD in the bank
Heading for 4,000 boepd production in the short term
Just announced 24 well development programme for this huge resource.

Some comments from twitter below

#RPT A truly gigantic reserves upgrade for O&G holding #RegalPetroleum. About to catch a flight but am totally ecstatic by this news. Totally oustanding. 1P (proved) soar from 1.9mmboe to 27.8mmboe and a further 24 wells. Gobsmacked! investegate.co.uk/regal-petroleu…

Dont waste your time and miss the boat, this is still seriously undervalued .

[diku] 01/8/2018 08:48

Low 140s?....

[mitchy] 01/8/2018 08:45

Gary - It was about 5 miles south of Bristol on the road to Weymouth.

[jpjohn1] 01/8/2018 07:44

15 mins to go The Ft itself looks flat + 2 . Let's hope for a good day chaps :)

[garycook] 01/8/2018 06:17

mitchy,Where near Bristol,and did you get the name of the Dealer/Garage ?

[mitchy] 01/8/2018 06:09

As predicted. ...spike in profits due to electric cars probably . The bleeding hasn't stopped with BG but who cares if profits are up?Saw my first All Electric second hand car lot yesterday near Bristol.

[careful] 31/7/2018 18:52

Saw Conn on Ian King live.
He knows what he doing.
Happy to hold here.

Reading Ian Kings written report today;
Conn says that he did not think about CNA being a takeover target for one of the oil majors or Amazon.
But admits it would be an attractive asset.
Many energy majors in Europe are merging and consolidating.

Interesting times for Centrica.

[jpjohn1] 31/7/2018 18:11

It was a bad day for us, glad it didn't stay around the low of 143.7p. I don't think it was the customers we lost more profits down 20%. Early in the week yet hopefully recover by Friday

[nortic 007] 31/7/2018 15:26

ADVFN is brokenShowing me down £280k !!!!!Or at least I hope it's broken!!! :)

[ny boy] 31/7/2018 15:05

All good in the hood here, onwards we go

[skinny] 31/7/2018 14:38

Careful - you can get some quite smart . :-)

[lurker] 31/7/2018 12:38

I am enjoying the show

[excellance] 31/7/2018 12:26

What about EUA?

She's about to blow captain!

[ny boy] 31/7/2018 12:23

Bear trap today some have bought, others sold, some just watching the show,

Also buying today EQT, AOR, FUL, FOXT & HYDG

[excellance] 31/7/2018 12:11

There's nothing bad in the interim and that is in itself very good.

They have decided, with a caveat, to maintain the dividend, and not to cut it again.

We all know that they are cutting costs and restructuring, but we don't know exactly how that will progress.

I'm happy with the report, puzzled by the market reaction.

[careful] 31/7/2018 11:49

After I looked through these results, and there were many headwinds, I was encouraged.
This cold long winter turned out to be a two edged sword.
The price of gas rose and yet the pressure to resist switching to upstart competitors kept customer prices lower that they perhaps should have been.

Now some of the upstarts are either out of business or forced to put their 'teaser' rates up hugely, things should become less unstable.
Who knows Centrica may even win back customers.

The chances of a reasonable regulatory review have increased.

[warranty] 31/7/2018 11:35

Me neither careful and I think hybrid is the way it will go. I just don't think the technology for all electric is there yet and won't be for many years. Also, how will the government make up for loss of taxation on fuels, surely they can't put it all into electricity? Update a bit of a curates egg, nothing to frighten but then nothing to encourage buying either. Can only see the share price falling back a little here so an even longer wait for my 240p!!

[losses] 31/7/2018 11:21

Itchy fingers got the better of me... bought back..