Centrica Share Discussion Threads

[the logician] 20/3/2019 21:52

and it is completely bombed out, trading at 20 year lows.

[the logician] 20/3/2019 21:50

they have £1.3bn cash and a disposal since balance date and £4.2bn renewed credit facilities. so cannot see any imminent cash crunch. suggest you read again that ratings report a few days back.

£650m annual dividend shouldnt be too challenging for a £30bn revenue company if they keep trimming costs and stabilise British Gas .

[diku] 20/3/2019 21:34

Below 120p tomorrow?...think a profits warning and divi cut will come together...

[discodave4] 20/3/2019 21:28

Different author no doubt. Please could you post up the article link as interested to read, thanks.

[discodave4] 20/3/2019 21:26

Hi logicianNo offence but it's not "fear" it's fact, this share has been falling since 2013 and no sign of abating IMO.Yep but more debt finance hits P&L and cash generation is declining, less than 12 months left on the books based on current cash burn - hence the divestments and efficiencies. Personally with such issues it's madness to maintain such a dividend (£650m ffs), it has to be cut if common sense prevails IMO......and a rights issue could be required if things get worse.All IMO and appreciate I see it differently to yourself, it's not personal (unlike a certain poster on here), takes two opposing views to make a market.

[whatsup32] 20/3/2019 21:23

Fool.co.uk only recently recommended a buy on CNA.

[the logician] 20/3/2019 21:10

you always get this fear nonsense when a share price is completely bombed out. 10% dividend yield, much more attractive than buying 4% yielders. imo there is little chance of rights issue as the company has just renewed credit facilities. imo dividend should be maintained unless another profits warning. but imo, DYOR.

[discodave4] 20/3/2019 20:42

The Rupert Hargreaves article (8th March) is a truer picture IMO of what this year will be like for Centrica."Cash Crunch - As well as reduced earnings from the energy price cap, Centrica's management is also warning investors that lower production at its Spirit Energy division, outages in the nuclear business and the timing of cash payments, will weigh on earnings and cash flow in 2019. After factoring in these issues, management is forecasting adjusted operating cash flow for the year in the range of £1.8bn-£2bn, below the targeted range of £2.1bn-£2.3bn.""Dividend Cut - I think income investors should stay away from Centrica. The company's dividend yield of 9.1% might look attractive at first glance, but, as one group of analysts described it, this distribution is "hanging by a thread." If earnings continue to deteriorate, management could be forced to slash the distribution, and there's even been some speculation the company might have to do a rights issue if things get really bad.All in all, I am avoiding the Centrica share price, and I think you should as well. Put simply, there are better income buys out there." HTTPS://www.fool.co.uk/investing/2019/03/08/the-centrica-share-price-has-slumped-10-this-year-heres-what-id-do-now/

[discodave4] 20/3/2019 20:32

Fairly balanced article IMO, but although the writer states that "Centrica is a long, long shot but if you're patient it might just pay off".......I don't agree (sorry).At least the facts are correct concerning dividend cover (or lack of it) and it mentions rumours of a rights issue, which is not surprising IMO given their diminishing cash. HTTPS://uk.investing.com/news/stock-market-news/are-the-centrica-share-price-and-this-energy-stock-now-unmissable-bargains-1470997

[mitchy] 20/3/2019 12:18

Serabi - filtered

[nortic 007] 20/3/2019 10:21

Agreed .... spivs !!

[666james] 20/3/2019 10:12

Serabi_gold_gold filtered

[serabi_gold_srb] 20/3/2019 09:43

Serabi Gold (SRB) Beat the herd.

Undervalued and starting its breakout....

25m mkt cap
Priduction currently around 40,000 ounces gold PA
Plans to increase production to around 100,000 ounces PA within 2 years
Generating circa 1m USD per month net for gold production (around 4,000 ounces a month)
Gold reserves just upgraded by 40%
Stock tightly held
Very quick to move on any buying interest

See latest presentation from PDAC conference - March 1019

[discodave4] 20/3/2019 09:30

HTTPS://www.decisionmarketing.co.uk/top-story/centrica-set-to-pull-the-plug-on-ogilvy-after-12-years

[discodave4] 20/3/2019 09:10

Nothing goes up or down in a straight line.Market down waiting for those across the pond.

[nortic 007] 20/3/2019 09:04

Well and truly caught out fella.....Someone should cut and paste that to him because apparently he's filtering me.We now know why you are on here...Truly sad DD !!!!

[masterblaster] 20/3/2019 08:47

Imo blue by end of day and steady rise towards dividend

[mitchy] 20/3/2019 08:02

Up yesterday so down today. Back to 120 ?

[discodave4] 19/3/2019 22:39

Is Conn a con artist?, me thinks so.He talks about heat pumps but both ground and air source heat pumps are very expensive to install and take at least 25 to 30 years to achieve payback......besides is he saying BG will gain more income by going into this area rather than gas CH, think he's just trying to con the government.HTTP://www.cityam.com/274898/uk-must-decarbonise-heating-but-not-through-hydrogen

[nortic 007] 19/3/2019 22:26

P.s. Diku always follows DD after a post. You've been spotted in DEB.Just an observation like :)

[nortic 007] 19/3/2019 22:24

You are telling us stuff that we've already discussed in great detail. You're about 4 weeks behind the curve DD.I think I'm going to leave you to self implode but I can assure I'll never down tick you.FYI gentleman I filtered DD for a whole year in SPD and it frustrated the hell out of him. So now he's trying the same on here. Stop pretending DD because we all know you can't help but have a sneaky look.Now I'll leave you because I have a life...3 kids and a darling wife.You should try if fella.

[diku] 19/3/2019 22:20

DD...ref to post 16423...007 not the only one as there is another one as well ...just ignore them...they get emotional with a share and get stuck...the saying goes better not to bark back at a barking dog....it will eventually sulk away...

[the logician] 19/3/2019 22:20

will they get £1.7bn from selling the nuclear stake?


The eight nuclear power stations, which used to be grouped under British Energy, generate 8.9 gigawatts of electricity and supply about 20% of Britain’s electricity needs. They were bought by EDF for £12.5bn in 2008. The following year, Centrica took a 20% stake, which it values at £1.7bn.

[discodave4] 19/3/2019 22:16

A positive take, but not factually correct.....dividend is not covered (eps ADJUSTED 11.2p, div 12p, statutory basic eps only 3.3p), doesn't mention cash burn or reduced cash flow or increased net debt.....value trap IMO. HTTPS://www.stockopedia.com/articles/should-centrica-plc-loncna-be-a-ftse-100-dividend-share-for-your-isa-868/