Centrica Share Discussion Threads

[nortic 007] 22/7/2019 09:18

Stop making yourself look stupid Diku and I didn't give you permission to get of the naughty step......

[diku] 22/7/2019 09:16

Why you looking for blame game...nobody told you you buy at higher price...welcome to casino investing as you are a newbie...

[nortic 007] 22/7/2019 09:13

Unfortunately jobs will be lost which is most regrettable but then who do you blame. A few politicians and bods at ofgem might suddenly become slightly less vocal as this debacle takes place.

[nortic 007] 22/7/2019 09:03

I don't think it's a case of papers not affected the share price but it's a simple case that we all knew this was coming.Do a kitchen sink job and do it with conviction and we might just get out of this mess.....might!!!!

[wallywoo] 22/7/2019 08:24

It is interesting how little a Sunday paper effects the share price of a company these days. Very little. I am sure in the medium term things will turn around here. But it take a while to turn around such a big tanker!

[jpjohn1] 22/7/2019 07:55

Morning all, FT100 looks flat to start with, I have it at + 6

[ny boy] 22/7/2019 07:34

Everything will be fine, too many doomsday forecasts around, watch out for the big bear trap!

Looking forward to the divi cut, I am happy with a 50% cut, should see share price recover to around 100p by year end.

[nortic 007] 21/7/2019 23:44

And change the record!!

[nortic 007] 21/7/2019 23:43

Welcome to capitalism!!!

[diku] 21/7/2019 21:28

They gave Conn a pay rise to counter act his divi cut loss...a win win for Conn...

[careful] 21/7/2019 19:50

the £ has crashed.
International shares that earn $ are bound to rise in £.

If Brexit turns out to be a disaster and the £ totally collapses, then the big $ earners
will rocket in £ terms.
.... the advantages of a third world Zimbabwe type currency.

The currency markets are the only honest measure of what the serious investors really think of the uk's prospects.

[portside1] 21/7/2019 19:50

Let's face the real facts on Brexit it is not Brexit that is the problem ,It's those mps that have betrayed the public who voted to leave Their was no mention of a deal just leave ,.And those leaflets posted to ever home in the U.K. stated. That it is leave or remain Now these scum so called mps have and are attempting to destroy a vote of the people .It's a total disgrace , so does it now mean we can take to the streets close down London to get another vote till we like the result

[mroalan] 21/7/2019 15:37

Turv,the dow is at the highs but here is also a pension crises in the usa,so how can you correlate the two?

in may this year the ft100 hit its five year high of 7778 ish, today its 7500 ish,so say 278 points, the ft has performed very well,what are you on about "the ft hasn,t rallied"? your looking at the chart upside down.

[gaffer73] 21/7/2019 15:34

Ftse 100 is up 2000 points since 2016,I'd call that a rally!

[discodave4] 21/7/2019 15:30

Hi whatsup,Not really!.The signs are all there IMO that a profit warning is likely to be on its way.....could be wrong though. When a CEO talks about strategy reviews, cost cutting and throwing the kitchen sink at it then you know it's not going to be good news. Those with a glass half full will just keep saying "it's all priced in", well if eps forecast is less than 8p for the year then clearly it's not!.Never like gambling/entering pre results as never know how the market will actually react (bad news but better than thought and up she goes) and not going to try to predict mr markets sentiment on this one, so will wait.All the best.

[turvart] 21/7/2019 15:14

Of course this Brexit has everything to do with pensions, the Dow Jones has rallied but the Ftse has not rallied so pension funds have had a massive impact with Brexit it's not rocket science!

[mroalan] 21/7/2019 14:23

you and the rest of us wern,t told the full story as at that time no one knew the full story,neither were they aware of the three year delay caused entirely by may and her cabinet plus approx 75% of mp,s who were remainers, even after voting to leave in parliament,still thats democracy for you.

But even before any of the above it was clear in fact in plain sight how corrupt and un democratic the eu are,i fail to resonate with your point re pensions,my guess is with austerity come ZIRP,that was many years ago,pension companies are for me in trouble as a result of government implantation of zero ish interest rates,if 0.75 interest rates are the norm how are interest rates going to fall? i,m not quite sure that at this stage another 0. 75 cut is going to make a lot of difference.
And only time will tell if brexit is going to be mess as its never been tried before,but i suspect it will be as in three years your government has not prepared for it as the will was not there.

[whatsup32] 21/7/2019 14:14

You’ve hammered the numbers Disco :)

[turvart] 21/7/2019 13:26

How can this be principles when we were not told the full story before voting? Seriously go back to 2016 and think about this Brexit vote there was nothing mentioned that if we voted out it would be delayed for this amount of time, this is nothing to do with principles in my eyes in do to with red tape.

And yes if I knew there was going to be so much red tape I would of voted to stay in, seriously now think of the impact that the FT100 has had on people's pension funds it's actually been catastrophic.

I've switched 30% of my pension fund into index linked bonds because I'm convinced the UK interest rates are going to be cut in the next 6 months due to this Brexit mess.

[discodave4] 21/7/2019 11:53

They did say in May that they were going to assess a number of portfolio scenarios as part of their strategy update, so guess this could be one scenario, or a mix of specific options.That said it makes sense IMO to offload Spirit, particularly after having to plug Warwick Deep well (one down two to go @ circa $60m a pop).However, selling North America doesn't stack up, it performed better than UK home last FY (Cost per customer reduced, operating profit up 8% whereas UK down 18%). Plus they were expanding in America with three bolt on acquisitions last year.If they still haven't had any offers for nuclear then they may be forced to offload more of their portfolio than they want to in order to hit their primary KPI's - which isn't ideal obviously particularly if the idiot Conn sells more profitable parts of the business to hit their £250m cost saving target (less than £90m at H1 and IMO they won't hit year end target).Wonder what's happened about the £168m alleged over charging for prepayment customers?.

[whatsup32] 21/7/2019 10:58

My thoughts too Nortic. Long time coming

[careful] 21/7/2019 09:33

I still cannot grasp this company.
It may be losing customers but still has tens of millions remaining.
Not everyone bothers to switch to get a temporary teaser rate that cannot be maintained.
There is such a thing as consumer inertia, and many assume that there will be problems with switching, which has been proven to be true.

Who ever switches banks?
Or even supermarkets.

Interesting to see if CNA'a £29bn turnover holds up, and what does this mean for the bottom line and cash flow.

The Sunday Times seems to suggest that Conns strategy is about high tech home services.
But this will be to retain their huge customer base against other suppliers.
Referring to CNA as a £5bn cap start up is bizarre for a £29bn turnover company.

My biggest fear is that Conn has a contempt for shareholders and looks after his 30,000 employees and the workers first.
Not a free market capitalist at all.