Centrica Share Discussion Threads

[discodave4] 26/5/2019 16:17

Just posted up the headline from the article. If Conn thinks losing c 700k customers a year by forcing smart meters on them is the way to go then good luck with that strategy. Ofgem fine for not hitting target would be what?.

[turvart] 26/5/2019 15:39

There are some great fundamentals in the footsie at the moment like Rio, Lloy, CCL, SSE, BAT, UUL, ANTO, GSK, AZN.

Have you ever considered the alternative option and making your money grow faster, I took a massive hit on my pension fund where i opened up a SIPP account and investing the whole lot into NRK and lost the lot, I’ve had to build my pension portfolio from scratch it was a good move at the time, but a very bad move with insight and I’ve got over it and moved on, sh*t happens mate.

[turvart] 26/5/2019 15:22

Hifc231,

Wow that’s some holding mate and I’m genuinely sorry you hold that many and how this as performed for you, the trouble is the way I see things is that people just hate to lose money into a particular stock and dig their heels in and average down then get themselves into even a bigger mess from their original holdings.

With that sort of money that your talking about, wouldn’t it be better to sell and go into a stock with better fundamentals?

[jeannettetigger] 26/5/2019 15:09

Centrica are obliged to install meters due to government policy, this is why there are conditions in Centrica's latest deals for them to meet targets. Come on disco let's see both side's of the story. Damned if you do,Damned if you don't.

[turvart] 26/5/2019 14:36

Portside1,
Removed by who?

[portside1] 26/5/2019 14:08

Corbyn is finished he will be removed very soon , fact

[discodave4] 26/5/2019 14:02

Also in today's Times:British Gas: get a smart meter or we'll charge you an extra £300Britain's largest energy firm is refusing to offer its cheapest deal to customers unless they agree to have a smart meter installed.

[discodave4] 26/5/2019 13:45

Hello hifc,Brrrr -1, never imagined it could get sub zero.Think you would have to be very bold to consider acquiring CNA at the moment, particularly with current political uncertainty.All the best.

[hifc231] 26/5/2019 12:57

The article looks just speculative as it refers to the old Gazprom consideration from back in 2006......hxxps://www.thetimes.co.uk/article/who-might-be-bold-enough-to-buy-centrica-fhnt9fwlp................from 2006 ..............hxxps://www.thetimes.co.uk/article/gazprom-eyes-british-gas-takeover-592dfhtj3gm...............just look 3.01 a share , one can only dream of such a price Today ..sniff sniff ,......lol

[hifc231] 26/5/2019 12:47

Hi DD, Western Australia & sadly not we get up to -1 at night here during winter and when houses don't have double glazing or central heating its feels cold believe me. A Rise in Centrica's price would help warm me up a bit ....lol

[justiceforthemany] 26/5/2019 09:56

Times article on potential takeover - can someone post the full article?

[diku] 25/5/2019 23:24

Goodnight...

[turvart] 25/5/2019 20:49

I think DD is working for institution and he ain't very good at his job, support is 93p honestly and I know it's slightly under but support is 93p

[discodave4] 25/5/2019 15:33

Australia or NZ (thought both warmer though)?.Enjoy anyway! :)

[hifc231] 25/5/2019 14:37

No worries, Enjoy the weather (Summer). 8 degrees (Winter) in my part of the world and 9:30 pm ......zz

[discodave4] 25/5/2019 12:48

No problem.UK Home energy is not the place to be in terms of growth, that's why SSE are offloading.Agree Conn knows that but IMO isn't doing enough to diversify their offerings. Whilst 2.5% churn is lower than it has been in the past it's still too high. It's c £210m direct hit on gross revenue but it's also the cumulative potential hit on additional offerings - pull out all the stops to keep the customers for energy but provide a one-stop-shop strategy for growth. Possibly JV with water, telecoms, mobile, etc etc.Anyway, another lovely day to enjoy.All the best.

[hifc231] 25/5/2019 12:17

Thanks for sharing DD: Looks like they need to focus outside of the UK for growth as the UK domestic sector looks to tight and very little potential for growth. Least the CONN Man recognizes this and also the fact that combining service/products together gets better returns................ If the Commy threat would just disappear and get Brexit out the way this share in a few years (2-3) could be back about the 2 pound mark.

[discodave4] 25/5/2019 10:44

Iain Conn (Houston Chronicle, 24/5/19):"We are very focused on acquiring and retaining all customers of course, and one of the biggest challenges is the churn rate of about 2.5 percent a month.""We are in established markets for energy so we're in the United Kingdom, Ireland, Alberta and the lower 48 in the U.S., mainly concentrated around the Northeast and in Texas. And what you've seen over time is that the unit margins for just selling energy have been coming down. Typically they're 6 percent to 16 percent of gross margin but with services, it's typically 20 percent to 40 percent. So people are willing to pay more for them because they give customers what they need and want rather than just a straight-forward commodity. We expect that business to grow."

[discodave4] 24/5/2019 22:39

silverFiltered

[turvart] 24/5/2019 21:16

Now come on let’s get down to the truth, a mongol filters me and then scares little old ladies into selling, come on then DD who are going to supply gas? Are you a total moron?