Centrica Share Discussion Threads

[mcrudden] 15/4/2019 19:19

I left bg 5 years ago and their business model is stuck in the 80s, it has the market and the customer base to power through the tough times but only if they start treating their customer, investors and staff with.......

[mcrudden] 15/4/2019 19:14

Takeover 100% I'm counting on it

[nortic 007] 15/4/2019 18:59

JPYou tell him it's a Monday and he'll tell you it's Tuesday in Australia!!! LolFunny fella our DD :)

[nortic 007] 15/4/2019 18:57

Yes I agree, profit warning no doubt but the market is pricing that in already. All depends how bad it is. The market might except bad and they'll move higher but if it's catastrophic then no doubt we'll see them test 80p. I would then see them as a sitting duck for a bid.IMHO

[discodave4] 15/4/2019 18:47

Thanks jpj, either way it's below that.Bulls were strong today but low volume, the next few weeks will be interesting.All the best.....still see another pw coming.

[338] 15/4/2019 17:57

Analysts at JPMorgan downgraded British energy and services firm Centrica to 'neutral' on Monday, noting that price regulation in the UK now looked certain to adversely impact competition, leading to compressed market pricing and lower churn.

JPMorgan feels that while earnings would be hit by the cap, lower earnings volatility and stable customer numbers were expected to provide Centrica with some relief to the cost of its capital and multiple expansion in the operating periods ahead.

The analysts stated that although early data points had been "supportive", they remained mindful that a temporary surge in commodity prices during the third quarter had created, yet another, perfect storm for Centrica, which will likely increase churn.

"Add mild Q1 weather, nuclear outages and softening upstream revenue to the mix and we now see 2019 and 2020 EPS below consensus. Combined with an impending dividend cut, this is unfortunately too much for us to endure," said JPMorgan, which also lowered its target price on Centrica from 150p to 125p per share.

"The writing has been on the wall for the dividend since the 2018 results in February, but outside an abrupt change of fortunes we see earnings and cash flow expectations retreating in the lead-up to the interim result in July."

[nortic 007] 15/4/2019 17:33

Almost bullish jp .... I'd settle for those pt ex divi !! :)Setting the bar very low here but let's see .

[jpjohn1] 15/4/2019 17:29

Not to bad really today -.2p. With two downgradesJP Morgan now neutral , was 150p now 125p &Goldman Sachs also neutral, was 126p now 122p

[skinny] 15/4/2019 16:38

Lower than average volume.


free stock charts from uk.advfn.com

[nortic 007] 15/4/2019 16:35

Should come with a government health warning!!! :)

[jpjohn1] 15/4/2019 16:25

This one is not for the faint hearted. I will be the first to say it never does what you expect it to do, but just lately the chart has been grim here. We all know if it don't pick up ( I think it will, in the two weeks before x-div) this could drop the 8.4p div it pays out. Fingers crossed it starts heading to the 120p mark

[nortic 007] 15/4/2019 16:18

You could well be right

[ny boy] 15/4/2019 16:14

CEO called Conn gets a 44% pay rise and the share price hits multi year lows, has broken through various chart levels = AVOID! imo.

[sicker] 15/4/2019 16:13

Count me in JP, that makes 7 :-)

[nortic 007] 15/4/2019 16:12

My thoughts entirely and I've been extremely critical of this stock recently and will never hold back regardless of my position. The day before the figures I made it very clear that I was nervous about what was to come. I appreciate at the end of the day we are bottom of the food chain but we all can see what is about to hit us but one thing I can say for sure is the markets can see what's round the corner and will never wait until it happens!! It's only when the general public read that tabloids do they realise what's going on in the financial world but you'll find The City is always 6 months in front and I'm beginning to get the feeling the same can be said for CNA.Best of luck JP

[jpjohn1] 15/4/2019 15:53

I was always brought up that way Nortic. At the end of the day I read the post what has been put on throughout day, if I've been working. I am aware what gets posted, and who are the short on here. The thing is Nortic it makes no difference what anybody says here, their are probably 6 people who ever read these posts. I am with Barclays Stockbrokers and Hargreaves Landown . I only found this site a few years back, because it did live share prices on my iphone at the time. I have read lots of post on other companies, and still say you are the one poster I take more notice of than any other

[losses] 15/4/2019 14:40

Sorry I mean you must be holding end trading on Wednesday to get the divi

[nortic 007] 15/4/2019 14:37

You are the politest poster I've ever come across so I don't want to see you being played.I'm thinking he'll read this and then be on his best behaviour, won't you Dave !!?? .)I can spot this type a mile off.

[sza2002] 15/4/2019 14:36

There is a rising RSI trend line form over sold levels on 21st February on 4 hourly chart with falling prices trend line, this could be the time to build a position here. Would you agree?

[jpjohn1] 15/4/2019 14:25

Yes I know Nortic. It's only I made a reply being courteous. In the last 2 weeks before x-div I expect this to rise well. A lot of investors will not be able to resist that 8.4p dividend

[nortic 007] 15/4/2019 14:16

A friendly word of advice ..... don't waste your time getting into a never ending debate.Once he's made his £500 he'll be off !!!

[jpjohn1] 15/4/2019 13:55

You will be surprised to see this where it will be on the 8th May

[jpjohn1] 15/4/2019 13:54

Yes it recovered later in the day, I think it hit 110p mark before recovering. It went back up to about 164p a few months later before dropping again

[diku] 15/4/2019 13:30

Is it heading back to the post split level from British Gas?...80p...