Centrica Share Discussion Threads

[mitchy] 20/2/2014 22:37

(missed these two notes from wed..day before the results! )

19 Feb 14 Centrica PLC JP Morgan Cazenove Neutral 320.60 355 355 Reiterates
19 Feb 14 Centrica PLC Citigroup Neutral 320.60 360.00 340.00 Reiterates

[mitchy] 20/2/2014 22:31

My personal guesstimate of where CNA is headed in the short term, after todays results, is the start of a sideways trading range between 306/8 and 350. It did breakout to 325 today at one point (probably short covering) but was pulled back to the top of down trend. The DOW was perky over night and i'd expect an average broker consensus around 330/40+ tomorrow . Which should help it breakout of the down trend..we shall see.
Possible wedge forming and a break to the downside but I just can't see a further drop on top of the 25% already recorded being justified based on these results. But who knows?

Good Luck.

[wipo1] 20/2/2014 17:50

I don't trust labour.

[...]

[portside1] 20/2/2014 17:26

the uk gov need energy companies to invest for the sake of the country

these are cheap and a solid BUY

[wipo1] 20/2/2014 17:14

Good luck holders, I sold a while ago and moved into EU:GSZ for good yield, the french government have a big stake, not like CNA where Labour probably has a big short!

[janekane] 20/2/2014 16:48

Hope it's not the dreaded dead cat type Phil

[philo124] 20/2/2014 15:28

Good bounce.

[portside1] 20/2/2014 08:30

the results are very good do not believe the city guys they want to buy fact

[mitchy] 20/2/2014 08:22

From the reaction of the market to these results all the bad news is factored in already. Perhaps the share price will seeSome growth from here now. The broker notes should prove interesting over the next few days.

[mitchy] 20/2/2014 08:18

Can't say I like the extra £ Billion in debt though

[janekane] 20/2/2014 08:11

Phil was it double

[portside1] 20/2/2014 08:10

very happy with my holding will add more great div

[philo124] 20/2/2014 08:05

Look at the tax the company paid.

[philo124] 20/2/2014 08:05

Look at the tax the company paid.

[mitchy] 20/2/2014 08:04

Expected results..neither good or bad. Increased dividend makes the recent 25% drop in share price look overdone.

[mitchy] 18/2/2014 10:15

UBS reduces from 340p to 280p Sell

[mitchy] 18/2/2014 08:07

Deutsche Bank 18/02 Reiterates Hold 315.00p 300.00p

[portside1] 15/2/2014 16:41

profits will be over 2.9b

[anley] 15/2/2014 10:12

Analysts warn over break-up of Centrica

Utilities providers Centrica (CAN.L) and SSE (SSE.L) have been singled out by the government over their high margins in gas supply and threatened with regulatory action, including the break-up in the companies.

From City Wire website

Secretary of state Ed Davey said that he was concerned with the profits being made by the two companies when supplying gas to homes, which have been relatively high since 2009/10 compared to their peers.

Despite the announcement analysts at Liberum still maintained a 'buy' recommendation for both stocks but acknowledged that Davey's comments 'once again increased the degree of risk and uncertainty faced by shareholders'.

Analyst Peter Atherton said policymakers should 'pause for thought' before carrying out a break-up of any business, but particularly Centrica.

'Centrica is the only company in the UK energy market with a clear commercial imperative to ensure the UK is amply supplied with affordable gas and has the financial capacity to make a substantial contribution to that happening,' said Atherton. 'Take away that commercial imperative and the UK potentially loses a very important driver delivering security of supply.'

I agree so keep out you silly MP's......

[mitchy] 14/2/2014 18:47

It's moved above the 15 day moving average and it's bounced off the 306/8 support. It's a smidge off the 320/22 ceiling to the down trend and a 'break out' with the next trading statement on Thursday 20th.
It could still drop to 280,of course, but if the DOW maintains these levels or better then I think that's unlikely.
Lots of buying this week suggests the sentiment is good for next week but who knows?

Good Luck

[mitchy] 13/2/2014 10:40

12 Feb 14 Centrica PLC Goldman Sachs Buy 315.85 423.00 381.00 Reiterates

That makes an average for the last 10 notes of 339p

[rathkum] 13/2/2014 08:57

On the charts it seems we way be seeing a breakout coming.

[rathkum] 13/2/2014 08:56

On the charts it seems we way be seeing a breakout coming.

[mitchy] 13/2/2014 08:49

We are riding up on the back of EDF results

[338] 13/2/2014 08:36

Is this a fake move up ..... Before storm smashing it down to under 300p this time next week... Lol