Centrica Share Discussion Threads

[sarkasm] 18/5/2019 10:19

thnks dd4



In a trading update ahead of the company’s annual general meeting earlier this week (13 May), Centrica said a “challenging trading environment” including the price cap, warmer weather and falling gas prices will impact its financial performance in the first half of 2019.

It cited the price cap as a reason for the loss of 234,000 British Gas accounts in the first four months of the year.

Other energy suppliers have also said the price cap has impacted their performance.

Eon said its retail arm in the UK remains under “considerable pressure” owing to “keen competition” and the price cap on default tariffs.

Posting its Q1 results earlier this week EDF said the 4.2 per cent decrease in organic terms was mainly due to the decline in nuclear generation, to a lesser extent the suspension of the capacity market and to the introduction of the default tariff cap.

Npower meanwhile also blamed its poor performance and customer exodus on the price cap. The company reported losses before interest and tax of €45 million (£39 million). This compared to a profit of €43 million for the same period last year.

The supplier, which is owned by Innogy, lost 103,000 customers in the first three months of 2019.

In February Ofgem announced the cap would rise by £117 on 1 April to £1,254. It will be reviewed again later this year.

[discodave4] 18/5/2019 10:17

British Gas owner Centrica has been granted a judicial review into how Ofgem calculates wholesale costs for its default price cap.The energy regulator insists it will "robustly defend" its approach to setting the cap but admitted there may be an "adjustment" of the price cap level if Centrica is successful in the review.The cap will remain in place regardless of the hearing's outcome, Ofgem stressed. HTTPS://utilityweek.co.uk/high-court-grants-centrica-price-cap-judicial-review/

[turvart] 18/5/2019 09:28

Diku,
From these levels I honestly think there is more upside to downside, especially if CNA cut the Divi to 6p area, I can honestly see 140p on the cards.

[diku] 18/5/2019 08:35

Yes look at the header long term chart from the current period from Feb 2019 to present...then compare it to the period from Aug 2017 to Feb 2018...any similarities...you might get the odd small bounce but don't rule out 78 - 82p region for a good churn out....then a bounce to 100 - 105p region...probably never see 200p again for a good while...only company specific good news can dig itself out...

[losses] 18/5/2019 01:13

We could easily see 70p in the coming months... will stabilise in the 80-90 area.

[diku] 17/5/2019 23:10

Some of the newbies here get overjoyed with broker price targets that are much higher than the current share price...

[discodave4] 17/5/2019 22:57

Barclays target price of 85p is realistic IMO, had previously posted up my target of 80-95.Would longs on here prefer to stick with say Credit Suisse's older forecast of 155 because it suits them better - think some saddos from here would be better off keeping in touch with their investment instead of stalking people all over this site.Sorry but it looks like I'm going to be here for a good while.

[diku] 17/5/2019 22:38

Divi issue still over hanging...not sure what game insiders are playing...

[jpjohn1] 17/5/2019 22:05

Nice thought. Like to see this go back up to two pound +. Still have 100k shares here, last tranche (50k) 119p, which seems a long way off now.

[turvart] 17/5/2019 22:04

Corbyn will never ever be the PM that is a fact and you can take that to the bank. The LSE would never let that happen, the LSE rules London!

[turvart] 17/5/2019 21:54

Jphohn1,
What was that post about? CNA has found support here and it could explode into 140

[jpjohn1] 17/5/2019 21:51

Evening chaps, yes still here. Just seeing the share price slipping away like the rest of us. I am like you chaps, voting for the Brexit party. Some of the politicians seem to get in then stick their fingers up to the public. I think May has been the worse PM in history. She is like a robot, never answers a question anybody asks her, and so arrogant. I think that has long as there a chance of Corbyn getting to be PM this will be held back. We do seem to be still losing to many customs here. I think the div cut is already factored in the share price SSE & NG starting to lose ground now but we are already on the bottom, not sure how much lower this will go or have we have reached the bottom. If you look at the charts it's pretty dismal reading. Good weekend all

[turvart] 17/5/2019 21:48

He does actually move the SP, but there is no proof of that, the fact is it this stock has actually found support

[silvergreyhead] 17/5/2019 21:44

Just don't like you how about that. Invested here for a long and I am invested not pretending like some. Watched your posts which are all destructive and just do not like you full stop I won't filter you because I need to see the bad side of people as much as the good. The thing is in your headyou probably think you are influencing the share price with your bad news trolling but you arent, Discodave a lonely wallflower as far as I can see ( Lyndsey de Paul ) SAD SAD SAD

[turvart] 17/5/2019 21:42

It’s good to see CNA has found support at long last, I think IMO the market has called this right, maybe I’m not going to see my 47p after all.

This stock could actually explode up to 140p with changing fundamentals so be careful shorters 😬

[discodave4] 17/5/2019 21:10

Just posting up facts, news and my opinion. Would you just prefer to read positives all the time like most on this thread.The Barclays note came out this morning but holders preferred to ignore it, why would anybody do that?, why did you ignore it?, I'm assuming you hold here so you should at least be up to speed with your investment so what exactly has offended you? - the truth or a different view of CNA?.You have a choice, don't read my posts or just filter me, simple, but if you have a pop at me, like most on here, then I will retort.

[silvergreyhead] 17/5/2019 20:37

Are these the same company who regard Vodafone as overweight. Yes you're so called short is okay at the moment stop trying to rub people's noses in it, sad person you are.

[discodave4] 17/5/2019 20:05

Sorry my previous post was not strictly correct, rotten fruit is usually found on the floor!, sorry, just saying.

[discodave4] 17/5/2019 19:57

Barclays Capital today initiates coverage of Centrica PLC (LON:CNA) with a underweight investment rating and price target of 85p.

[discodave4] 17/5/2019 19:34

With nationalisation still being whispered then PE are not likely to want to take the rotten fruit, no matter how low it's hanging, IMHO.

[tricky1992000] 17/5/2019 16:40

I wonder when this will hit private equity territory? Because it's dangling there like low hanging fruit.

[ny boy] 17/5/2019 16:10

Nige is good at galvanising the masses, a good orator, shame he’s not leaning towards the Tories would be a good leader.

[redtom1] 17/5/2019 14:33

We all know they are going to revoke Article 50 in the end so just get on with it.