Centrica Share Discussion Threads

[ny boy] 17/4/2019 17:31

Svenice717 Apr '19 - 12:59 - 17545 of 17572
0 1 0
The charts are horrific!

2 years this will be 0p

Only 0p ?

[careful] 17/4/2019 17:16

Listening to Conn in pursuit of his long term strategy a few weeks ago, I was not alarmed.
He said the dividend depended on cash flow which he implied was ok.
Also he purchased a significant number of shares which sends a signal.

CNA are going through a difficult period and the competition is severe.
But my thinking is that the regulator would not have agreed the recent increase in the price cap unless it was absolutely necessary.

Any upstart cowboy provider who offers large discounts is bound to lose money or go bust as some already have. Many are quitting the game already, as with Sainsbury Energy.

Conn buying shares is an important gesture, he would need to be cynical to mislead his long suffering shareholders with such a signal.
And he should know.

So despite the charts, signals, target prices I have added a few today.
Well underwater with my current holding, need a recovery long term.

We go ex divi in May 8.4p final.
That is a final dividend of 8%.
These are crazy times, a building society pays about 1%.

We shall have to wait several months for the next dividend which is a smaller interim.
So much can happen in that time.

[raybald] 17/4/2019 16:50

Okay... so the shoe is on the other foot really...

The company is under pressure because they’ve been squeezed out of meaningful profitability... which means they are going to have to cut the divi from 12p they can’t afford to 3-4p which they can. And the city thinks that 3% is a reasonable yield, hence it is pricing in the divi cut.

Profit hit likely at the trading update... obviously... which will introduce the divi cut.

... and then of course there are the fears of a Corbyn lead government re-nationalising... but that is just noise atm, imho

But we all know all of that already.

It’s all about the divi... what is a sustainable yield going forward... and it ain’t 12p.

DYOR... obviously.

[mroalan] 17/4/2019 16:39

this decline is i,m sure not about the divi, there is some thing more intrinsic going on which has as yet to come to light, so they cut the divi then what,ever thing is ok, if it were only that simple they would have cut it previously?

[nortic 007] 17/4/2019 16:33

I'd be chomping at the bit if they got to 80.....I'd double my position.

[nortic 007] 17/4/2019 16:30

Your probably right but it's my dough and I'll lose as I like .)

[raybald] 17/4/2019 16:28

@careful... Not so sure about that tbh... could do, but it’s more likely to rally a little into May then fall back on ex and into the agm when we will most likely see a divi cut for next year, which the market will see as a positive move.

So thinking that the market would see a divi of about 6% as being pretty hearty (12p at an share price of 200ish) in current conditions were more likely to see something nearer 3% imho... which at an share price of 100ish (+/-) is like 3-4p give or take a bit... which seems more realistic given their latest reported figures. But we’ll know more after the trading update at the agm I guess.

[losses] 17/4/2019 16:28

Typical divi chaser mentality... been saying 1 pound for ages... peeps buying for divi will lose out a lot more than they think..However, around the 1 pound isn't a bad entry point though there's a chance of this overshooting to 80-90 area.

[nortic 007] 17/4/2019 16:24

F know why but I have !! :)

[nortic 007] 17/4/2019 16:20

Just topped up

[careful] 17/4/2019 16:06

share price to fall below 100p on May ex divi date.
divi 8.4p.

[raybald] 17/4/2019 16:02

106 looking pretty strong but then I thought that about 108 as well!

Not sure you can easily calculate support levels on this... we are literally in uncharted territory. That is to say, anything you are looking at for support/resistance is such ancient history as to be pretty meaningless because too much water has passed beneath the macro-economic bridge since then for anyone to be able to properly extrapolate any meaningful data... imho.

Support here is all in the mind... literally. The only way it finds support is if enough peeps think it’s oversold and looking cheap. We’re at the mercy of herd mentality now I’m afraid... gotta wait for the herd to change direction which will, I hope, force a short squeeze... hopefully into the gaping jaws of the divi...

[action] 17/4/2019 15:32

105 appears to be support. Lowest on chart after exd support 95p.

[raybald] 17/4/2019 15:07

Hi all

So I started buying this at about 119 and have been averaging down ever since... which has seemed like a bit of a long haul. Currently averaging a little over 113 having last bought at just over 107.

Only really in for the divi rally but I’m starting to worry a bit now!

Not really sure I have much else to add except that even dead cats bounce...

Sorry... I’ve not posted here for years, but feeling pretty frustrated. Feeling it for you long term holders....

[skinny] 17/4/2019 14:24

I don't know how Conn has the gall to accept his pay increase.

[becca_pea] 17/4/2019 14:23

On the plus side... last year there was a 20p rally into the May divi...

[becca_pea] 17/4/2019 14:22

I'm not sure I can remember seeing a chart like that on any stock since 2008!

[diku] 17/4/2019 14:14

It could be hanging up...down...or flatline...

[diku] 17/4/2019 14:12

Who said CNA is making 2bln profit?...

[discodave4] 17/4/2019 14:11

Hi redtomBeen saying exactly what you posted earlier about the appalling fundamentals, particularly the statutory numbers and div needs to be cut.Post thumbs up, my trolls, hello chaps how's it hanging!.106 support being stronger than I thought, oh well.

[diku] 17/4/2019 14:09

I am getting confused here...divi paying stock but capital down down deeper down...missing the trick...



W1NDJAMMER
17 Apr '19 - 10:00 - 17527 of 17551
0   3  0



DD this is not a growth stock, its a divi paying stock..

Conn needs to move to quarterly payments.


WJ.

[666james] 17/4/2019 13:55

redtom1 I can well understand your loss of your sense of humour in these very trying days with Centrica nothing is funny.

[susiebe] 17/4/2019 13:47

Thanks for that!Look forward to the reversal of that trend

[redtom1] 17/4/2019 13:41

Sorry, temporary sense of humour failure! ;-)