Centrica Share Discussion Threads

[portside1] 01/3/2019 12:03

if you have not added at this level you are going to miss out target 158p by may

[portside1] 01/3/2019 08:57

nortic just added another 10387,

[floridamassive] 28/2/2019 23:44

Reason CNA dropped a little today was because of wider FTSE being down. Normal service will resume tomorrow, when these puppies start heading towards 140s again tomorrow. At almost 10% yearly divi yield these are too good to ignore, SOLID BUY in my book. Our friends at BB seem to agree, current signal - Stay LONG :)

[mitchy] 28/2/2019 19:50

They were doing okayish really after several days of gains . Then lost 1p AFTER the bell !

[lostandconfused] 28/2/2019 17:51

Unfortunately no divi impact on CNA but still down 1.7%

[jpjohn1] 28/2/2019 16:07

When I put it on toon, nearly all were red. Unfortunately when a few big ones go xdiv it tends to pull the FT100 down a bit.

[toon1966] 28/2/2019 12:08

jpjohn1 - "Not surprising everything is down today...". Could explain this comment, just looking at the FTSE100 there are a considerable number of stocks in the 'blue'....

[jpjohn1] 28/2/2019 09:54

Not surprising everything is down today chaps Thursday is normally x- div day. This time of year Thursday is often the poorest day of the week for the FT100These going x-div todayBARC. final 4p. div impact. 2.4%EZJ. final 58.6p div impact 4.47%DGE Interim 26.1p div impact .89%AZN. Interim 146.8p. div impact 2.34%MCRO final 45.22p div impact 2.39%

[diku] 28/2/2019 08:57

Centrica has exposure in North America market..is that why Royal Bank of Canada has to put in their 2ps worth?...

[floridamassive] 27/2/2019 20:41

Fantastic results, profit up 12%, EBITDA up 15%, final divi of 8.4p in the next few weeks - 6.65% yield.... ENOUGH SAID!!

[jpjohn1] 27/2/2019 19:40

Centrica (LON:CNA) had its price target lowered by analysts at Royal Bank of Canada ( ) from GBX 130 ($1.70) to GBX 115 ($1.50). They now have an "underperform" rating on the stock.

[jpjohn1] 27/2/2019 19:38

Not a fan of the fool but put it onI've gone on record as being a buyer of British Gas owner Centrica (LSE: CNA). Ahead of this year's results I was bullish about the chances that the outlook might start to improve.However, the market reaction to last week's figures was poor, probably because the outlook for 2019 was downgraded. And although I don't sell a stock just because it falls, I think it makes sense to revisit my investment case after a poorly-received set of results. There's always a chance that I've missed something, or that the story has changed.In this article I want to take a fresh look at the facts and explain what I'm going to do with my Centrica shares.The story so farYou wouldn't know it from last week's share price slump, but, Centrica's adjusted pre-tax profit actually rose by 25% to £1,119m last year.If we look at the statutory figures, which include various one-off items excluded from the adjusted figures, pre-tax profit rose by 319% to £575m!Both sets of figures seem to suggest a business where profits are recovering. But the shares have fallen by nearly 10% since these figures were published. So are things improving, or getting worse?Progress is being madeThe most high-profile problem facing the group is that its British Gas division is losing customers fast. Customer numbers have fallen from 27.4m at the end of 2015 to just 25.1m at the end of 2018.However, it's worth keeping this in context. British Gas is still the energy supplier for a large part of the UK population. And customer departures slowed to 249,000 in 2018, with just 23,000 accounts lost during the second half of the year. A raft of smaller energy firms have failed over the last year as energy prices have risen. The tide might be turning in favour of larger suppliers again.Elsewhere, there's genuine growth. The number of customers signed up to the group's Connected Home business rose from 900,000 to 1,344,000 last year. Business customers signed up to the Distributed Energy & Power service - which helps customers harness renewables and balance supply and demand - rose by 16% to 5,560. Revenue from these two growth businesses rose by 23% to £276m.The dividend questionThe big question for shareholders is whether the group's dividend will be cut. Chief executive Iain Conn left the payout unchanged at 12p per share for 2018. My calculations show that this should be covered by 2018 free cash flow - just.However, there's no doubt the company's ability to fund the dividend from its cash flow is getting very tight.Mr Conn's guidance for 2019 suggests that the group's adjusted operating cash flow will fall from £2.2m to between £1.8bn and £2bn. He hopes to make up the shortfall with an extra £250m of cost savings and £500m of non-core asset sales. If this approach is successful, net debt should stay between £3bn and £3.5bn.If the group fails to meet these targets, I think a dividend cut will become unavoidable. However, with the stock now yielding more than 9%, I'd argue that the market has already priced in a cut.

[whatsup32] 27/2/2019 19:34

hxxps://www.shareview.co.uk/4/Info/Portfolio/default/en/home/markets/Pages/Broker-views.aspx

RBC reiterates underperform. Shares still went up. Excellent

[discodave4] 27/2/2019 12:58

Earnings not covering dividend so imagine it will be cut at AGM, if not then complete madness IMO.Just looked at numbers and seems like it's not got much potential for share price uplift in the medium-long term.Thought also they had a policy of not letting cash fall below £1.2bn, ooops.Good luck though.

[nortic 007] 27/2/2019 09:12

That's a very nice thing you've said and I don't think I deserve it but thank you. It's all become a bit of a guessing game at the moment which isn't exactly how I wanted it to be but there we go.I'm not sure they will be able to maintain the 12p divi in the short term but let's say it drops to 8p then so be it.....it'll still be one of the biggest yields in the FTSE because you can bet the likes if VOD and any other extremely high yielding stocks will have to ease back their div in the short term.Markets should be pre-empting this move but I do wish Conn could have done this a year ago when he had the chance.Markets don't like to be treated like mugs and that's why this has been punished.

[wendsworth] 27/2/2019 08:38

Nortic007 :Allowed for the froth and bubble to die down.100,000 Director buy is indicative of value. Nice little recovery this week.Anticipate more 'one steps for man..' over the period up to the ex-dividend date. I'm SO grateful for your sensible positive contributions last week when I could most definitely have wallowed in 'the slough of despond'.

Supermarky : Absolutely agree ref 'anxiety stakes'!I too previously held VOD. Fortunately last week's CNA 'debacle' was more than covered by my recent investments in LLOy and BARC.

Seems like a pretty reasonable BB with some candid and informative posters.Long may it continue.

[thaiflyer1] 27/2/2019 04:24

130p by next Friday...........can only go up from here.....buy

[cumnor] 26/2/2019 23:58

Disaster of an outfit-losing (myself included)customers-gas, homeserve-to far better and cheaper competitors by the millions. Clueless mgmt. Sell.

[mitchy] 26/2/2019 22:44

Another growth area is inflatable hot tubs. I expect my electric bill to add another £50 a month because of it. I still can't get my head around sitting in my hot tub for the last two days (not continuously obviously ) and Suffering from heat exhaustion....IN FEBRUARY !

[mitchy] 26/2/2019 22:37

The market always likes to see growth potential and electric cars must be one of the fastest growth areas now.Good Luck.

[mitchy] 26/2/2019 22:35

No worries Mark of course it will go back up . Here's a link to the number of electric cars being sold. Most manufacturers include an EV in their range now.Note the number of commercial vehicles growing as well.https://www.nextgreencar.com/electric-cars/statistics/

[mitchy] 26/2/2019 14:31

Mark - good to see haven't topped yourself . I noticed your absense from the board. Hopefully you added after the results?I topped up at 121.9p . Couldn't resist the 10% divi. The inhouse financial adviser hasn't been advised yet !CNA is definitely looking perky against a weak market. Good Luck.

[jeannettetigger] 26/2/2019 14:06

To many snipers about for now, given time this will recover when all these so called soothsayers have had their fun.