Centrica Share Discussion Threads

[bangbang1] 22/11/2018 07:28

Of course there been trying - what a silly thing to say


New customers are not as profitable as existing customer

[bookbroker] 22/11/2018 07:25

Clearly not worried, otherwise would try and retain those lost customers!

[bangbang1] 22/11/2018 07:23

Seems like there worried for future performance

down another 372,000 in the space of four months (more than 3,000 a day)

Centrica sees £70M Hit to Q1'19

[skinny] 22/11/2018 07:02

Centrica expects to achieve 2018 Group targets despite upstream operational impacts

Centrica has maintained its focus on performance delivery and financial discipline, and despite the unexpected outages and operational issues in E&P and extended inspections and outages in Nuclear outlined below, and ongoing competitive trading conditions, the Company continues to expect to achieve its Group targets for 2018 as set out in the Preliminary Results in February.

Good progress is being made on introducing new propositions for customers, on delivering further cost efficiencies and in re-positioning the UK Home energy supply business in advance of the introduction of a default tariff price cap.

For the 2018 full year the Company expects:

· Adjusted operating cash flow in the £2.1-£2.3bn range.

· Net debt within the £2.5-£3.0bn range.

· In-year efficiency delivery of over £200m.

· To maintain the full year dividend per share at 12.0p, consistent with the targets of delivering £2.1-£2.3bn per annum on average of adjusted operating cash flow and net debt in the £2.25-£3.25bn range over the period 2018-20 as outlined in February.

· Adjusted operating profit and EBITDA to be above 2017 levels.

· Full year adjusted earnings per share of around 11.5p, with a Group adjusted effective tax rate of around 40% reflecting a changed profit mix.

Iain Conn, Centrica Group Chief Executive

"As we have done over the last four years, we are focused on driving significant underlying improvements in performance and delivering attractive returns while re-positioning the portfolio towards the customer. Our efficiency delivery and new customer propositions are helping to offset the effects of strong competition and regulation in energy supply. Our financial performance has remained resilient despite weaker than planned volumes from our E&P and Nuclear activities and cash generation remains strong. Maintaining a focus on performance delivery and financial discipline and demonstrating resilient cash flows remain our objectives for 2019 and beyond, as we deal with the impact of the UK energy supply default tariff cap."

more.....

[csalvage] 21/11/2018 20:32

The BBC reports that Extra Energy has ceased trading another small supplier gone.

[supermarky] 21/11/2018 19:52

Come on centrica you owe us loyal investors some good news. Here's hoping we can surprise to the upside and break put of the range. Patience Patience Patience

[nortic 007] 21/11/2018 18:54

I've run out of things to cross with this stock!! :)

[tim 3] 21/11/2018 18:53

Good luck guys, 140 looks decent support.

[nortic 007] 21/11/2018 18:46

I hope so I've taken 32k in dividends but the capital depreciation hurts more....Good luck with Aviva

[whatsup32] 21/11/2018 18:23

I’m down 15% in a month with my Aviva holding so not feeling too clever myself. Having said that CNA has been very resilient and I’m keeping my fingers crossed for you all tomorrow.

[nortic 007] 21/11/2018 18:15

Thanks Whatsup32 I'm a little bit glass half empty at the moment.I'm going for down 30k or up 15k on a personal note but let's wait and see.

[jeannettetigger] 21/11/2018 17:57

Mitchy I think your thinking is probably right, merry Xmas!.

[nortic 007] 21/11/2018 17:43

MM and day traders alike would have squared off their positions tonight.Let's hope it's a case of bad figure is a good figure!!!Gla

[nortic 007] 21/11/2018 17:05

Can't imagine anyone would want a position going into tomorrow morning

[mitchy] 21/11/2018 16:53

It finished really poorly at the end of the day. Hope that isn't what I think it is.... :(

[wendsworth] 21/11/2018 15:51

whatsup32 : Thanks for your sentiments. In true scamming style I just require your bank a/c and sort code by way of back-stop!

[wendsworth] 21/11/2018 14:51

whatsup32: Have doubled my holding today .Time will tell whether or not that was a smart move. The really 'smart' investors got in at 141 last week when I didn't unfortunately !

[whatsup32] 21/11/2018 13:57

Ofgem to tighten licenses rules for new entrants. Seems to many failing and bad service
Source FT

Good news for CNA

[wendsworth] 21/11/2018 13:49

mitchy : share price has turned back up some 4% in the past few trading sessions . Augurs well for the trading update ? A Dividend Payment is also due tomorrow.

[mitchy] 21/11/2018 10:10

Trading update tomorrow what can we expect? SSE and NG have reported lower profits but increased dividends. Tighter margins ,higher wholesale prices. It's likely then that there may be reduced profits which are already factored into the spIt's going to be how much and will we see a higher dividend forecast ?

[wendsworth] 20/11/2018 16:42

Centrica got an upgrade today from AlphaValue.

[strutt12] 20/11/2018 15:58

hxxps://www.energylivenews.com/2018/11/19/british-gas-offers-cheaper-electricity-rate-to-ev-owners/?fbclid=IwAR0kc6G_5EVn2FahYwJikaueH_NNvFRJOQ4ko1KUHVn7k2SoSUHPF5EHCXE

[wendsworth] 20/11/2018 14:22

Apologies should have typed 396 point fall for the DOW yesterday !

[wendsworth] 20/11/2018 14:21

addendum to previous post : ...and that follows a fall on the Hang Seng of 508points and yesterday's decline of 508points on the DOW!