Centrica Share Discussion Threads

[turvart] 24/5/2019 21:10

Now come on DD the mongol of CNA, that filtered me, how convenient a mongol filters me? Explain to me how all the UK are going to get their gas from and if you say Russia then who is getting a takeover bid mongol?

[turvart] 24/5/2019 21:06

Come on explain to me in full where this Sp is going? and then explain to me if CNA go into administration who are going to take the role of BG? I would really like to see sensible answers, don’t reply if your a mongol (DD), how are all the homes in the UK going to get Gas?, oh yeah and who by? So they need to take CNA over and what price is that going to be?

[turvart] 24/5/2019 20:57

Let me ask you morons who call yourself shorters, where do you actually think you are taking British Gas into? This is British Gas, CNA is the holder of British Gas, so where do the morons seem to think this is landing?

[diku] 24/5/2019 18:58

Are you in the non stalkers camp or just the others?...

Nortic 007 is a good poster...





Nortic 007
24 May '19 - 17:16 - 19109 of 19111
0   0  0


Good long weekend to all non stalkers !!! :)

[discodave4] 24/5/2019 17:49

Agree hifc, was just stating how they valued previous nationalised company's.NAV per share here is only 69p and it has a negative net tangible asset value. As posted previously their balance sheet is very weak.Hope for everyone's sake sanity prevails and Corbyn never gets in No:10.

[hifc231] 24/5/2019 17:31

Hi DD, if Corbyn the Red had a chance to buy this, would they also base the price on assets not just share price? As assets can be easily priced (age, reserves etc), where as the a share price is mostly based on speculation of what may happen not actually cost of the company......... I thought someone on here stated a few months back that based on Asset value Centricas share should be around the 2.50 mark, therefore shouldn't any nationalization offer be close to this?..............All speculation but any offer should not just be based on share price history alone, there is Debt levels, rebranding costs, Asset values, future reserve value, redundancy package costs from restructuring, pension deficit etc etc.......... but the Commies would just ignore all that and say 50p a share.

[nortic 007] 24/5/2019 17:16

Stop trying to make a party political broadcast on behalf of the Dave Party it's boring DD.I've enjoyed the sun on the golf course. Sticking your head out of your bedroom window doesn't count my friend.Good long weekend to all non stalkers !!! :)

[discodave4] 24/5/2019 16:32

SSE and NG are well up today, the fall here is company specific IMO.Read an interesting article (William James, Reuter's) about previous nationalisation by Labour in the 70's, they set the price of the company's based on the average share price for the preceding 6 months that Labour enacted the nationalisation strategy. Quickly using an exponential moving average (last 6 months) it gives a price of 126p. However, Labours policy may also include excluding any pension deficits (etc) from the value.Despite what my saddo stalkers may think I strongly oppose any nationalisation of utility company's, it will not be workable (too many layers of management and red tape, look at Welsh Water's structure) and will simply put customer prices up due to their inefficiencies. Corbyn et al will kill the UK economy.For those on here that spend more time stalking people with different views, your time would be better served doing a lot more research on your own investments, you can search for the link/s yourselves.Lovely weather we have been having, enjoy, rain is on the way!.

[hifc231] 24/5/2019 16:08

I would have thought Teresa Disarray resigning today would have affected this share price more (negative) as it makes the chance of Corbyn the Commy closer to getting in power to steal this from its owners (trigger an election).

[diku] 24/5/2019 14:07

The only way share price will come out of the rut is if they announce some big asset disposal news and rebase the divi...

[whatsup32] 24/5/2019 13:18

Thank la Forge

Tried won’t work caped H then ?

[la forge] 24/5/2019 13:17

whatsup32
24 May '19 - 13:10 - 19102 of 19102
0 0 0


cap H TO START LINK cheers

Ofgem sets out tougher pricing terms
national grid electricity pylon

The energy regulator has set out terms for price controls that it said would reduce the cost to consumers by £6bn and protect vulnerable customers.

SSE
1,029.85
13:02:26 24/05/19
1.71%
17.35
National Grid
814.40
13:02:45 24/05/19
1.04%
8.40
Centrica
92.86
13:02:29 24/05/19
0.54%
-0.74
FTSE 100
7,291.31
13:02:52 24/05/19
0.83%
60.12
FTSE 350
4,039.78
13:02:49 24/05/19
0.80%
31.99
FTSE All-Share
3,988.31
13:02:52 24/05/19
0.79%
31.30

Ofgem said its approach to the next round of price controls, starting in 2021, would almost halve companies' permitted return on equity to the lowest rate ever.

It said the lower allowed return on equity of 4.3% and lower allowed return on debt would reduce costs passed to consumers by £6bn over five years to 2026. But the change is not popular with energy companies such as SSE and National Grid, which argue the terms do not take account of the work they do to improve the system.

The watchdog said it would make licence conditions tougher and give companies incentives to protect vulnerable customers. It will also make changes to innovation funding and provide new funding to support projects aimed at vulnerable or poorly served customers.

Jonathan Brearley, Ofgem's executive director for systems and networks, said: “Lowering the cost of capital for network energy companies will put money back into consumers’ pockets while service standards are required to remain high. Our new price control for networks will pave the way for a cheaper, smarter and more sustainable energy system and is a key step in our journey to a low carbon future.”

Ofgem said its regulatory framework would also encourage decarbonisation of power, heat and transport and allow consumers to benefit from technological change. It will assess each company's environmental plan when setting funding allowances and set up a strategic fund for big projects.

National Grid said Ofgem had made some welcome adjustments from its preliminary proposals and was still consulting on elements of its plan. But the operator of the electricity network in England and Wales said it disagreed with the change to cost of equity.

"We remain disappointed with the proposed range, which we believe does not fairly reflect the level of risk borne by networks," National Grid said. "In the context of the role that networks will play in enabling the transition to a more efficient and decarbonised energy system, we believe this is not in the long-term interests of consumers."

[whatsup32] 24/5/2019 13:10

hxxps://www.sharecast.com/news/news-and-announcements/ofgem-sets-out-tougher-pricing-terms--4538610.html

[whatsup32] 24/5/2019 13:09

hxxps://www.sharecast.com/news/news-and-announcements/ofgem-sets-out-tougher-pricing-terms--4538610.html

This may be the reason for a soft CNA Price today.

WORTH READING

[whatsup32] 24/5/2019 13:07

U.K. top gas distributor Cadent fined £44 million

[supermarky] 24/5/2019 13:01

I should have said safe boring defensive shares SUPPOSEDLY like cna!

[supermarky] 24/5/2019 13:00

I will never buy a share again without a guaranteed stop loss.

[supermarky] 24/5/2019 13:00

I like most am deep under water here and guilty of thinking it could not drop this low. Safe defensive boring shares like cna will always be needed. Not good for mental health to check daily. Just hold and pray for some sort of turnaround at some point. Will reinvest dividend and look on this as a long term hold. Certainly not crystallising heavy losses. In 5 years time this could turn out to be a good investment when I sell (collecting dividend as we go) certainly better than bank account just alot more stressful)

[jpjohn1] 24/5/2019 11:44

I agree supermarky, looks grim at the moment here without any support. How low it will go is anybody's guess, I have gave in with this one really. Put it in the bottom draw and look at it in six months or so. Sometimes I think I was mad buying quite so many here. (100k shares) and the last tranche was at 119p (50k) which seems miles away at the moment

[supermarky] 24/5/2019 11:06

Another day in paradise. This just keeps gowing lower with no support.

[jpjohn1] 24/5/2019 09:32

Of course not diku, again what a stupid thing to say !! How long have you honestly been doing the markets, at times you sound like somebody who is just starting and trying to get the feel of things, I have been interested for over 53 years now, the first time I went to the stock exchange was in 1966, when I was 12. None of this electronic stuff in them days, ( I think it came in about 1987) their were lots of men with bowler hats and runners running back and forth to them. I took a big interest since then.

[diku] 24/5/2019 09:03

You have this belief that when FTSE is up all FTSE shares should be up...

[jpjohn1] 24/5/2019 09:00

This one is strange, FT100 going well and we are going the other way, seems to run just the opposite what you would think

[jpjohn1] 23/5/2019 22:52

The only share I have bought that is higher now than when I sold them in the last 3 years is IAG. I think nearly everybody's portfolio must be down at the moment