Centrica Share Discussion Threads

[turvart] 21/4/2019 16:21

Sorry Whatsup32,

As I was writing my post you posted, I wasn’t talking about your last post being great sense, I was talking about the post before that.

Personally I don’t think CNA should reduce their holdings in Spirit Energy they should actually increase their holdings lol and hope that the brilliance of Spirit Energy can help CNA share price hold up, if CNA sell holding of Spirit Energy then they will sell their gold and the Sp will drop even more IMO.

[whatsup32] 21/4/2019 16:16

Mercer

this may be of special interest to you. I wonder why CNA hasn’t done similar or bought this company out while it’s in its infancy

[turvart] 21/4/2019 16:08

Whatsup32,
That IMO is a very good post and IMO your are talking great sense, I personally don’t like the fundamentals at the moment, it’s going to be hard to call support level from here and TBH I wouldn’t start looking at charts either because I’ve seen in my trading career 2 year charts get smashed to pieces on the RSI.

It’s going to be an hard call on this support level, because I’m convinced this is going so badly the charts can’t offer any meaning to trading and you have to go back to fundamentals to try and price the mess of the balance sheet into it.

The way the Sp is going also I feel this will be kicked out the FTSE 100 and go into the midcaps, that won’t be good for the share price either,

Call me mad or tapped or what ever but I can this sub 50p

I have no position in this long or short, but this is IMO and dyor etc.

[whatsup32] 21/4/2019 15:58

gaffer73

This is an opportunity for the company to reset dividend level , 4% yield is adequate. If the company is doing well it will reflect in capital appreciation , board always has the option of returning excess funds via special Div. or share buy backs.

[turvart] 21/4/2019 15:18

Gaffer73,
That Spirit Energy looks a good company, is it listed on the stock market?

[gaffer73] 21/4/2019 13:49

Anyone posted this before? I thought this would have been worth an RNS. 'On 16 March, Spirit Energy started oil production on the Oda field, almost five months earlier than the original plan. The project has also come in under budget, with development costs reduced by around 15%.'

[gaffer73] 21/4/2019 13:03

I don't think they will cut the divi to 4p. If there is a cut it won't be more than 50%.

[diku] 21/4/2019 11:10

You could throw more money at the board and get the same result...or give them 100% pay rise and would they perform any better than current performance?...

[whatsup32] 21/4/2019 09:53

1. Dividend will more then likely be cut to around 4p. (4% per annum return is reasonable assuming share price £1) If it is cut share price will likely drop , if it is not share price will still likely drop as the company would be seen not having done the right thing and in anticipation of a cut further down the road.
2. Weather is mild so don’t expect bumper sales ,
3. Nuclear stake has been on the chopping block for some years with no takers and if that wasn’t enough two? Of the reactors are shut down due to cracks producing NO power
4. Labour is getting stronger in the polls
5. Cannot increase prices to compensate for extra costs
6. Cutting staff to the bone and probably reducing future investments

Short term share price is likely to go down but once the dividend is cut with an immediate adjustment to share price , I think CNA will see a steady clime in its share price.

Every one is looking for someone to blame for the collapse in share price . But I’m of the view BOD have done a good job .
They sacrificed loss making customers (profit is sanity)
Invested in digital
Cut costs to the bone
Bonus may not be timely but he deserves his salary.

[diku] 21/4/2019 09:28

Most CEO's don't have any ideas of their own...it all comes from outside sources...

[discodave4] 21/4/2019 09:25

HTTPS://www.stockopedia.com/articles/can-you-count-on-centricas-loncna-high-dividend-yield-2231/

[gaffer73] 21/4/2019 09:22

Completely agree.

[discodave4] 21/4/2019 09:15

Since Conn was in charge: CNA -70%, SSE -25%........say no more.Conn is a muppet as are all the BOD, they (remuneration committee) approved his 44% salary hike knowing full well it coincided with employee pay negotiations, BG engineers fighting for their pensions and job losses, they are just focusing on their own greed.

[diku] 21/4/2019 09:13

Who controls wholesale prices?...is it the market or pit traders?...or supply and demand?..

[discodave4] 21/4/2019 09:09

SSE share price down 10%, CNA 25%.

[gaffer73] 20/4/2019 23:38

Like who? Look at SSE, similar graph to CNA. Although they get all the bad press CNA are normally the last to increase. I'm hoping that fact, as well as now being the cheapest will have stopped or even reversed the loss of customer's. I honestly can't see any other reason why Conn would be looking for a pay rise.

[discodave4] 20/4/2019 21:52

Nope, they tried to mitigate the cap and it back fired.....too greedy, no innovative thinking whatsoever.Other utilities are restricted a damn sight more than CNA and are still able to grow earnings.

[diku] 20/4/2019 21:13

All these so called wholesale prices are gobble-dy-ghook...

[gaffer73] 20/4/2019 21:04

BG were the last to raise their prices and only followed the other big 5 because of wholesale price increases.

[gaffer73] 20/4/2019 20:48

Look around, how many utilities companies are going bust or barely making any money. Government should not interfere with private companies and if people are not capable of shopping around for the best price that's their fault.

[discodave4] 20/4/2019 20:43

Completely disagree.Conn decided to increase tariffs to try and negate the price cap which ended up with 700k customers going elsewhere. As posted numerous times Ofgem do not regulate how the business is run like Ofwat do with water utilities, they just regulate the market - which was way overdue.The failings here are down 100% to those responsible for running the business, the BOD.

[gaffer73] 20/4/2019 20:20

I think the people who should take responsibility are Corbyn and Ofgen who have forced the price cap through. It is their fault these people are being paid off. How do they expect a company to employ thousands of people while completely restricting their cash flow through unnecessary price caps. Mainly for cheap votes in Corbyn's case.

[discodave4] 20/4/2019 15:54

HTTPS://www.dailyrecord.co.uk/news/scottish-news/energy-firm-centrica-shamed-itself-14435784

[discodave4] 20/4/2019 15:53

HTTPS://www.dailyrecord.co.uk/news/scottish-news/energy-firm-chief-slept-in-14435750

[sicker] 20/4/2019 12:55

For what it's worth (which is zilch:-)),I voted against 50% of the directors and abstained for the rest, against all remuneration packages. It will be interesting to see the voting numbers.