Centrica Share Discussion Threads

[whatsup32] 15/3/2019 21:02

I hear they’re looking for a new James Bond . You two should go to the casting...

It’s not like you’re making any money here..:)

[jpjohn1] 15/3/2019 20:45

I think we all feel like that sometimes. It's always good to try to keep fit. In my twenties I went through all Judo belts then spent years at Taekwondo. The times I have been in the middle of a circle and about a dozen black belts took it in turn to kick me in the head. I had to block and attack. My arms and legs always bumps and lumps down them,like your spine. Keep to dog walking now lol

[nortic 007] 15/3/2019 18:51

65's the new 50 JP.Good to hear from you . Just about to have a run now and I've had 3 glasses of Rioja.Can you get done for drink running..... it's on the treadmill so hopeful I'll get away with it.Remember when it come to CNA just keep laughing or it'll get to you !! Having stopped laughing since I bought them !! :)

[jpjohn1] 15/3/2019 18:06

Evening Nortic, yes a bit disappointing here. Like you, I use to run 15 miles a day, don't do it now 65 in May !. Still try to do 4 long country walks with my dog a day. Just doing the odd bit now at work. Good weekend all

[nortic 007] 15/3/2019 17:35

It's funny but I'm as fit as a butchers dog. Run 15k most days a row as well. Don't worry when the wife's not around I'll sneak in the odd Lobster Thermidor whilst telling her to cut down on spending.Don't tell her please !!! :)

[whatsup32] 15/3/2019 17:23

Nortic .. you must be skin and bones by now :)

[nortic 007] 15/3/2019 16:54

Couldn't even finish in the blue by a modicum during the closing auction which didn't surprise me in the slightest . Not a bad little stock for small time day traders. They (CNA) really do the same thing every day !!!Dry toast this evening......let's pray for baked beans next week eh!!!! :)Good weekend

[action] 15/3/2019 15:13

Support now at 114 and 109p

[mitchy] 15/3/2019 10:44

Mark - I couldn't resist the 10% divi when it dropped . I can sell my latest tranche without much loss but the latest Moody's rating makes me feel 120p maybe the bottom of the current trading range so i'll hold like you but would probably close that postion if it hit 130p .It would be nice to hear something from the company either completed sale or acquisition .

Good Luck.

[mercer95] 15/3/2019 10:34

25,000 posts diku & still talking nonsense, the CEO & the board are the highest ranking people in a company,who are they supposed to question or object too? themselves & yes sir types are usually associated with people climbing the corporate ladder not the ones at the top,you need to write out your posts in crayon 🖍 first & get someone to check them before posting, good luck with your trades 🤪

[supermarky] 15/3/2019 09:09

Mitchy you always said you would not add more cna. Be careful here. We are so used to disappoint here. I would definitely set a stop with any new money put in here. Just my opinion. I am holding and collecting the divi but this is one bombed out unloved cookie.

[diku] 15/3/2019 08:17

CEO & Board egos at its best...all yes Sir types and no questioning and objections...

[timmy11] 15/3/2019 08:16

LONDON (Alliance News) - Moody's Investors Service on Thursday affirmed the Baa1 issuer rating and Baa3 junior subordinate rating of Centrica PLC, while the outlook remained stable.

Moody's said the rating action follows the company's preliminary results announcement at the end of February, which reaffirmed the company's disciplined financial policy while signalling the likelihood of weaker cash flow in 2019.

Moody's said the British Gas owner's ratings reflect its leading position in the UK retail energy supply market, its diversification across the UK, Ireland and North America, and its track record of executing cost reductions and asset disposals to bolster its balance sheet.

However, the ratings agency noted that profit and cash flows have weakened for many of Centrica's key businesses in recent years. Retail energy supply in the UK has faced intense competitive pressure, leading to an 18% reduction in energy supply accounts and 16% fall in operating profit from household energy supply since 2015.

Moody's said the Baa1 issuer reflecting reflects the fact that Centrica has achieved steadily improving credit metrics, despite these pressures, as a result of substantial reductions in leverage.

Meanwhile, the stable outlook reflects Moody's expectation that metrics will strengthen from 2020 as a result of announced cost savings and further reductions in net debt following asset disposals planned for 2019.

Looking ahead, the ratings agency said positive rating pressure is not currently anticipated given competitive and regulatory pressures in the UK's retail energy market.

The rating could be downgraded, however, if asset sales reduced the scale and diversification of Centrica's business without a commensurate reduction in leverage.

Centrica shares closed 1.2% lower on Thursday at 120.75 pence each.

[discodave4] 15/3/2019 00:55

They have minimal working capital (£200m) and cash burn is £1.6bn with less than 12months cash remaining yet it's okay you think to pay £680m in dividends!, crazy IMO.Their statutory numbers are more than frightening!.

[discodave4] 15/3/2019 00:44

Fair point, but it will be £650m increase in net debt, and you think that's still ok?, a 25% increase!.Not to mention a 3% reduction in forecast rev and 10% reduction in earnings combined with £350 reduced cash flow.....and you believe a dividend not covered by earnings is also okay!. Each to their own and good luck.

[the logician] 14/3/2019 23:27

looking at these numbers again, increases my belief the dividend could be safe

[the logician] 14/3/2019 23:26

I believe you are incorrect on net debt. it would be a £600 million increase at mid-point. but given it is after IFRS 16, that would appear to imply a healthy reduction in net debt. centrica is a cash generative business.

"Net debt expected to be in a GBP3.0bn-GBP3.5bn range in 2019, including the impact of IFRS 16 adoption. "

[discodave4] 14/3/2019 22:45

Forgot to mention the appalling statutory numbers, 3.3eps!. More adjustments than Mrs May.

[discodave4] 14/3/2019 22:43

Cheers Norris, hope you are well!.

[discodave4] 14/3/2019 22:36

Must need my head looking at then!Adjusted operating cash flow to reduce by £350m, net debt to increase by nearly £1bn, earnings declining, dividend not covered by earnings, margins not brill, need I go on.Good luck to one and all.

[jpjohn1] 14/3/2019 18:58

Broker reports this year Date Brokerage Action Rating Price Target3/14/2019 Citigroup Lower Price Target Neutral GBX 144 ? GBX 1283/8/2019 HSBC Lower Price Target Hold GBX 140 ? GBX 1203/8/2019 JPMorgan Chase & Co. Lower Price Target Overweight GBX 170 ? GBX 1503/1/2019 Jefferies Financial Group Lower Price Target Hold GBX 125 ? GBX 1102/27/2019 Royal Bank of Canada Lower Price Target Underperform GBX 130 ? GBX 1152/22/2019 Goldman Sachs Group Downgrade Neutral GBX 158 ? GBX 1322/18/2019 Berenberg Bank Downgrade Hold GBX 155 ? GBX 1401/23/2019 Credit Suisse Group Downgrade Neutral GBX 180 ? GBX 1551/17/2019 Morgan Stanley Reiterated Rating Underweight GBX 1051/16/2019 Kepler Capital Markets Reiterated Rating

[jpjohn1] 14/3/2019 18:53

Not surprised it was lower today. Yet another Broker lowering their TP. Centrica (LON:CNA) had its price target lowered by analysts at Citigroup Inc ( ) from GBX 144 ($1.88) to GBX 128 ($1.67). They now have a "neutral" rating on the stock

[action] 14/3/2019 18:37

I am holding and prepare to go in if it drops further b4 divi.