Centrica Share Discussion Threads

[mercer95] 22/3/2019 15:37

I still reckon a deal will get done, we are leaving one way or another,who knows, who even cares anymore,Labour government/Tory government,nothing changed,I couldn’t tell the difference!in the EU out the EU nothing much will change,the illusion of choice,hundreds of TV channels & dozens of ice cream flavours but only two political parties.

[supermarky] 22/3/2019 15:11

We need to leave the EU. Most people voted leave. Even a good percentage of remain voters understand the result and that we need to see democracy done. The problem is the majority of the political class in the UK do not want to leave as it upsets the Apple cart. Also the entire eu machine doesn't want us to leave. Kick the can down the road and slowly choke off the bexiteers will to live is the policy.

[portside1] 22/3/2019 14:54

thank these scum remainers who are attempting to destroy the uk democracy

[supermarky] 22/3/2019 14:43

The market is dumped into the weekend after a good run. Cna of course is more than willing to be whipped hard as it is the resident donkey....for now. Things can change....I keep telling myself anyway dividend medicine helps

[the logician] 22/3/2019 13:32

personally i didnt think the results were all that bad



In 2019 we continue to face a number of challenges. Our 2019 adjusted operating cash flow will be impacted by the UK default tariff cap which was introduced on 1 January 2019, including an unexpected one-off impact of GBP70m in the first period of the cap. In addition, Spirit Energy volumes are expected to remain in the lower half of its 45-55mmboe range, nuclear volumes remain impacted by current outages while cash tax will be higher than in 2018 reflecting the timing of payments. These impacts will be partly offset by cost efficiency. Taking these factors into account, we are targeting 2019 adjusted operating cash flow in the range GBP1.8bn-GBP2.0bn, which is below the targeted range of GBP2.1bn-GBP2.3bn on average over 2018-20.

Against this backdrop, we are taking a number of further actions to strengthen the company in 2019 and improve underlying performance in 2020. These actions also underpin our 2018-20 target of maintaining Group net debt in the range GBP2.7bn-GBP3.7bn, which has been updated to reflect the adoption of IFRS 16. They include divestments of non-core positions totalling GBP500m, of which the first GBP230m has already been achieved through our disposal of the Clockwork home services portfolio in North America. In addition, cash capital investment including any small acquisitions is expected to be around GBP1.0bn in 2019.

The actions also include further cost efficiency delivery. Having achieved GBP248m of cost efficiency savings in 2018, taking cumulative savings relative to 2015 to GBP940m, we are targeting a further GBP250m of savings in 2019 meaning we will have achieved our 2018-2020 target one year early. We are also targeting an additional GBP500m of annualised savings beyond 2019, as we target becoming the "most efficient price setter" in our chosen markets. This would take total efficiency programme savings since 2015 to GBP1.75bn. These actions will underpin our performance, resilience and competitiveness against a challenging and uncertain backdrop.

Our strategic direction remains aligned to external trends, despite regulatory challenges and falling energy use per unit gross domestic product in our core markets. Our propositions are shifting towards what customers need and want and are not limited to energy supply. We are now exposed to an expanding opportunity set, in terms of customers, channels and geography. We have built material new capabilities in Centrica Consumer and Centrica Business and are seeing indicators of stabilisation and growth potential.

We continue to improve and simplify our portfolio of businesses, with non-core divestments and the ongoing Nuclear disposal process. We are also focused on improving the performance and sustainability of the Spirit Energy portfolio, while limiting Centrica's exposure to the sector and creating options for the future. Overall, our focus remains on performance delivery and financial discipline as we continue to satisfy the changing needs of our customers.

[discodave4] 22/3/2019 13:13

Hi Logician,No offence but investing solely for income with little regard for capital loss (which appears to be your strategy) is materially flawed. This has declined 61% over 5 years, 45% over 2 years, and 10% for the last 52w. So a 10% div yield long term is odds on to lose you money here, plus it's putting undue pressure on cash flows when servicing debt, Capex etc is only going one way as well.Each to their own.

[mitchy] 22/3/2019 12:31

So the dividend is now Over 10% ! Crrrrrrazy

[nortic 007] 22/3/2019 12:20

Only problem being is they won't rally on the good days.

[nortic 007] 22/3/2019 12:18

I was about to same the same thing Whatsup32.Rome is burning everywhere today.

[whatsup32] 22/3/2019 12:16

SP going down is not exclusive to CNA. I have investments in other places and they too are going down . Check Aviva,Tui both down over 2.5% , FT down 1.5%. Hell Debenhams down 50%.

Say what you will about CNA ,it may be down on its luck but in uncertain days like this , I’d rather own CNA then any other share.

[nortic 007] 22/3/2019 11:51

I remember Marconi... best cut I ever made.

[338] 22/3/2019 11:35

Yes, I am an experienced trader and have seen many big companies have gone bust and dusted like GEC-Marconi... what about CNA? I think it will survive or be acquired by a bigger company or merged...

[mercer95] 22/3/2019 11:28

I don’t think so numbers (338) you’ve been a member for 8 years & less than 800 posts, I reckon you’re just a FAKE PROFILE, like a sleeper profile so I’ll pass on any help, no offence, good luck with your trades numbers, you guys have always got a gold company to invest in, Shantagold has performed better than Centrica recently so credit for that.

[nortic 007] 22/3/2019 11:25

I love a debate but this is ridiculous. It's not good for the old jam tart chaps.

[mercer95] 22/3/2019 11:11

You’ve haven’t even got a name 338, STOCKBASHERS have run out of names so they’ve got to use numbers now,it was bound to happen, it’s called a saturation point! 338 that’s just plain lazy to me 👎

[338] 22/3/2019 11:08

CNA could revisit the lowest share price of 55p... like in 1997/98... that will be good for you Mercer?

[skinny] 22/3/2019 11:07

I'm contemplating an addition as we hit another low - but are 'we there yet'.

[338] 22/3/2019 11:04

Good sign for you to have more opportunity to average it down... and down... and down...

hopefully your average price can be under 100p soon... I am here to help you Mate

[dgduncan] 22/3/2019 11:03

If you feel that shorters are unethical by borrowing shares they immediately sell and then spread trash posts to try and drive the price down then please sign the petition. I can certainly spot a couple on here. Shares should be valued only through buying and selling of bona fide owners of the shares.

[mercer95] 22/3/2019 10:58

338 STOCKBASHING away as usual, always a good sign 👍

[mercer95] 22/3/2019 10:55

A lot of guesswork going on here regarding the dividend but the logician is talking sense IMO about short term movements, Centrica to me has always been a long trade,not as safe a haven during all the Brexit carry on as I planned but I’m still positive on Centrica long term,I’ve only placed a handful of trades all year, mainly averaging down my two holdings so I’m all set for rebound Choo Choo 🚂

[338] 22/3/2019 10:48

5 years share price movements spiralling downwards from 350p to 119p... and may still be able to become a penny share soon... is that short term movement using your logician thought?... lol

[the logician] 22/3/2019 10:28

dont obsess over the share price. it is impossible to guess short term movements. i am simply aiming to accumulate the 10% yield year after year.

[338] 22/3/2019 10:00

what's the point having 10% yield if it can't offset the drop of your share price?

Where is the logic in investing money worth £140k a year ago and then eneded with £120k in share value + £12k dividend = £132k.... losing £8k

Putting £140k in the bank will be at least keep that value unchanged

[the logician] 22/3/2019 09:38

10% yield is very attractive compared to putting money in the bank.

what is the value of a 12p annual dividend stream? add some growth.

hxxps://www.investopedia.com/terms/g/gordongrowthmodel.asp