Centrica Share Discussion Threads

[masterblaster] 05/4/2019 08:30

Imo fear of a snap general election with a labour win and the threat of natioalisation is depressing all the ulility shares.

[338] 05/4/2019 08:14

Adjusted basic earnings per share (EPS) - trending down
Group net debt - trending up
Basic earnings per share - trending down with last year's basic earning was only 3.3p

Ideally the dividend should only be 3p - 5p, would you agree?

[bennodean] 05/4/2019 08:04

Cut it to FTSE average (4.4% ? ) and make it a kitchen sink job. You'd be back north of £2 in 12 months

Until newspapers stop with the "British Gas lost 372,000 customer accounts in the four months to October...." this is likely to keep taking it up the tail pipe.

[discodave4] 05/4/2019 08:03

Conn isn't going to release anything, why should he, what do people expect him to say "sorry shareholders but due to circumstances beyond my competence the business will continue to face headwinds, however, I'm okay as my excessive remuneration, unlike shareholder equity, will not suffer......thanks".There will be a trading update next month anyway.

[snorky123] 05/4/2019 07:03

If we accept company guidance on earnings going forward I feel div should be cut to 8p which then gives div cover and ability to repay debt etc. This still gives 8% yield as price would have fallen to accommodate this level? If this was to happen I would feel more confident in buying stock whereas the slow drip drip of the falling share is like a slow death which will undermine management credibility .

[hifc231] 05/4/2019 03:56

If anyone wants the Dividend history or price history i find these links useful ....
hxxps://www.stockopedia.com/share-prices/centrica-LON:CNA/dividends/ .................
hxxps://www.sharesmagazine.co.uk/shares/share/CNA/historic-prices

[hifc231] 05/4/2019 03:49

Hi Mitchy, Ive had two intermediate and one final payments totaling about £27K, due the Final in June (about 16.5K, and at about 7% return on principle). But that's not the point, banks lend money and expect interest on the principle same as we do owning share. Dividend payments arnt to offset losses................ i've bought these in 9 installments, each time bringing my average price down to try and get out, only to be followed a few days later with a price drop (like a dog trying to catch its tail)........... But agree with people on here that a dividend cut, some strategy news or even Conn stepping down would raise this share. As ive quoted in previous posts when the dividend was about 8.5 (total for the year) in 2005 these shares where £220 ish, so if they did cut the dividend the uncertainty is removed these could rise(and no i don't care of the lost div payments if it raised the price so i could sell).............. I think that is the main problem the "Silence isnt golden anymore"....... Anyways wishing all the best and lets hope the rest of 2019 is an upward trajectory for us all...........

[nortic 007] 05/4/2019 01:26

Wish I could come with a solution but I'm bereft of ideas at this time of night!! :)

[nortic 007] 05/4/2019 01:25

Just getting back from are rather heavy days boozing in the city.....

[waynex] 05/4/2019 00:14

100 percent there's a profit warning coming.

[susiebe] 04/4/2019 23:57

Conn stepping down would probably be seen as positive right now!Disagree re divi cut.

[diku] 04/4/2019 23:39

Me thinks the share price reflecting not just a divi cut but a temporary halt on divi and Conn stepping down news coming soon...computers triggering lower lows on momentum driven...

[mastey] 04/4/2019 22:28

Evening Nortic. Thinking of another short term trade, I do value your views. Your views on risk / reward would be appreciated

Mastey

[discodave4] 04/4/2019 22:11

Obsessed with the dividend!Quick calcs I would imagine the £220k is with dividends......the share price has fallen nearly 50% in two years ffs.

[mitchy] 04/4/2019 21:36

Sad to hear but how much have you received in dividends over the last two years ?

[mitchy] 04/4/2019 21:31

https://cleantechnica.com/2019/04/03/the-tesla-model-3s-norway-invasion-model-3-outsold-all-pure-fossil-cars-in-march/60% of new car sales in Norway are now electric. I think electricity is cheaper over there but even so it's a glimpse of what is coming.

[masterblaster] 04/4/2019 21:01

Imo get in before the rise to the dividend

[tahmina1] 04/4/2019 20:29

couldnt resist more at 112
bond proxy stock
chairman been buying from 177

cant see much more downside here

[338] 04/4/2019 17:33

March 2019 | 10:50am
StockMarketWire.com - Jefferies International today reaffirms its hold investment rating on Centrica PLC [LON:CNA] and cut its price target to 110p (from 125p).

Story provided by StockMarketWire.com

Broker Forecasts data provided by www.sharesmagazine.co.uk

hxxp://www.stockmarketwire.com/article/6331846/Broker-Forecast-Jefferies-International-issues-a-broker-note-on-Centrica-PLC.html

[hifc231] 04/4/2019 17:20

Negativity is subjective; I’m negative about this share as I bought like a lot of people thinking it was a safe defensive stock. Currently holding 194505 shares, Cost around the £330k, currently worth £220k and held for about two years. add the long road to go back to £2.00 ish, talk of dividend cut to poor salt onto a wound, all makes for a negative train of thought I’m afraid........and with the press / labour and current government having a hard on for this sector . There is nothing but negativity....................Like lots of people waiting for good news or a move north in May ...... here’s to fingers crossed and a big good luck to all.

[careful] 04/4/2019 16:18

It is easy to be negative about a company that has lost 72% of its market cap in recent years.
Energy companies are an easy target for governments and the public.

Conn is trying to run this company well and professionally.
Good service and fair realistic prices.
A massive, almost £30bn turnover illustrates what a significant operation this is.

CNA have to subsidise green energy, absorb price caps, compete with cowboy start ups who are allowed to win customers even when operating from their bedrooms, and tolerate a hostile press, some of who operate their own switching services.
Several start ups go bust.

I am holding on here, hoping for a turnaround.

[mitchy] 04/4/2019 15:53

The unions would say that wouldn't they. The job cuts are part of the drive to make the company efficient and competitive ina competitive market. Those who don't make such cuts wont survive.We had one downgrade to 126p today but I still value the S&P's positive outlook (the first in 3 years) higherthan a one day broker comment.Good Luck.

[hifc231] 04/4/2019 15:13

The closing from the BBC article just about sums this up perfectly for both staff and share holders
"Morale is at rock bottom among the staff and consumers have lost confidence in the service against the backdrop of price hikes.

"This once great British institution is being run into the ground."

[timmy11] 04/4/2019 14:21

GMB Scotland organiser Hazel Nolan said: "We are hopeful that the bulk of staff affected can be redeployed back into the business and we'll certainly be campaigning to sustain as many jobs as possible.

"But let's be clear this is just one more example of a business going badly wrong and we are in the second wave of a 4,000 jobs cuts plan by 2020."

How stupid is this woman...maybe she should speak to ofgem