Centrica Share Discussion Threads

[discodave4] 02/4/2019 21:49

Hi Mitchy,Well the saddo that thumbed you down thought you were being negative - and they pay how much for the pleasure!, unbelievable.Anyway, shorters have not driven the price down to where it is, why blame everything and everyone else other than the incompetents who are in charge of this business for the fact that this is where it is. Sorry but it amazes me that the bare facts as laid out by their accounts is ignored and folks are happier to blame it all on all sorts of things instead.........think it's called confirmation bias.

[nortic 007] 02/4/2019 20:07

Worth looking up yourself because there's a lot to get through

[nortic 007] 02/4/2019 20:06

BBB+, BBB, BBB- (Baa1, Baa2, Baa3): These bonds have "adequate capacity to meet financial commitments, but are more subject to adverse economic conditions or changing circumstances." A step down from the A rating tier, BBB- is the last tier at which a bond is still considered "investment grade."

[svenice7] 02/4/2019 19:54

"On 2 April, Standard and Poor's downgraded the long-term issuer credit and issue ratings of Centrica to BBB (stable outlook) from BBB+ (negative outlook). This change in rating follows a three-year period of Centrica being on a negative outlook."Surely BBB is worse than BBB+

[mitchy] 02/4/2019 18:50

I'm not being negative. I'm actually being positive. The only thing holding the share price back is the shorters.When they close it will tracked back up to 130+ . But when ? Will they risk waiting till the end of April?With the yield at 10.5% , Moodys giving cna a stable rating , Martin Lewis recommending BG , rising prices etc the cap is not going to take us over 3 Billion debt ceilling Conn has set .So the divi is 'safe' in my opinion. In fact I would go as far to say that but for the cap we might have seen a rise in the divi. That's why thedirectors are buying. Again imo . Good Luck.

[timmy11] 02/4/2019 18:23

Centrica PLC Annual Review with Credit Rating Agencies
02/04/2019 6:18pm
UK Regulatory (RNS & others)

Centrica (LSE:CNA)
Intraday Stock Chart
Today : Tuesday 2 April 2019

Click Here for more Centrica Charts.
TIDMCNA

RNS Number : 9090U

Centrica PLC

02 April 2019

Centrica plc

('the Company')

2 April 2019

Outcome of Annual Review with Credit Rating Agencies

Centrica plc notes the result of its annual reviews with both Moody's Investors Service ("Moody's") and S&P Global Ratings ("S&P").

On 14 March, Moody's affirmed an unchanged rating of Baa1 (stable outlook).

On 2 April, Standard and Poor's downgraded the long-term issuer credit and issue ratings of Centrica to BBB (stable outlook) from BBB+ (negative outlook). This change in rating follows a three-year period of Centrica being on a negative outlook.

As part of its financial framework, the Company targets strong investment grade credit ratings. Centrica will be able to operate effectively at the revised rating, with the near-term impact expected to be limited to posting a small amount of additional collateral, in the form of letters of credit, on some commodity procurement and trading positions.

[discodave4] 02/4/2019 16:59

Watch it Mitchy, any hint of negativity on this thread and premium member (mentioning no names of course) will give you a thumbs down - so very sad.

[mitchy] 02/4/2019 16:49

Smack down again after the bell. They're still shorting it.

[discodave4] 02/4/2019 16:42

Hi wendsworth,Please can you clarify on your post whose views are they - yours or Martin Lewis (assume its Lewis) only there are points in your post that are not only factually incorrect but also hint at insider knowledge/trading. Can you post up the link please as I'm sure your post was not intended to be misleading in anyway.All the best.

[skinny] 02/4/2019 16:20

Pretty low volume though compared to the previous 3 'down' days - ho hum.

[wendsworth] 02/4/2019 16:18

DiscoDave4 : Noted!...Roll on the divi and the AGM . May could well prove to be a pivotal month.

[wendsworth] 02/4/2019 15:53

DiscoDave: Having attained 'your ten pips' ..have you closed your short? Today's slight reversal would suggest that the hedgies have.Despite some posters comments CNA is no Carillion or Debenhams ...far from it. One could go on sifting through last years accounts on either a half full or half empty basis ..but I won't save to say .. Net Debt has been progressively reduced year on year. Cost saving efficiencies are bearing fruit. CNA is still the largest retail provider in the sector and will be shown at the AGM to be reversing it's customer decline rate. Martins Money saving Top Tip..with a highly competitive rate coupled with free Boiler Home Care.I've recently switched back ...not because I'm a shareholder but because the company is offering the best all round deal. In essence, CNA is now far more competitive and more customer focused. Yes there are political and regulatory issues...BUT none to justify the share price falling from 400p to 112p. A takeover is inevitable, particularly with the likes of Shell and others looking to diversify , if the share price remains where it is...but it won't ... and Crispin Odey and his friends are well aware of that. Hedgies saw what was in effect 'a rate cap advertised opportunity' to make money. With the current valuation not justified , and having shaken out weak holders they'll now make even more on a significant upside opportunity.

[american idiot] 02/4/2019 15:02

Nice little rebound today. I am thinking 120p - 125p towards Ex-Divi date.

(This is around the time where these type of companies with a decent divi due tend to bounce)

[skinny] 02/4/2019 14:49

Bless :- .

[susiebe] 02/4/2019 13:24

Just a lunchtime dip imo

[mitchy] 02/4/2019 13:18

The markets moving ever higher today but cna is starting to stall.

[mitchy] 02/4/2019 12:56

SSE up by the same amount (atow) . Perhaps the Start of April was the cut off point for new shorts ?Just speculating.Good Luck.

[mitchy] 02/4/2019 12:53

Liking what I'm seeing but for previous weeks we've seen from middayish on it has been trashed into the close.Today will be a good test to see if they've finished shorting it.

[supermarky] 02/4/2019 12:46

The whipping boys getting a day off I see. I cannot understand how this decent money making steady company can possibly be savaged do much. 400 to 100 ish??????? Absolutely stupid for the type of company this is

[hifc231] 02/4/2019 10:59

One name springs to mind when talking about shorting, "Carillion"..... Hopefully not the same fate for CNA.

[discodave4] 02/4/2019 10:52

Hi susie"Could be in for some massive rises here."Short squeeze, don't think so, take a look at other heavily shorted companies, I.e. DEB (not that this is financially as bad but.....).Good luck.

[skinny] 02/4/2019 10:51

Oh - I read it that the "Big Six energy supplier" was centrica?

[discodave4] 02/4/2019 10:49

1.31% is £86m of CNA market cap. In Feb total short positions (including those less than 0.5% reported via shorttracker) was 3.98% (c £261m).