Centrica Share Discussion Threads

[mitchy] 27/2/2014 22:48

Are my eyes playing tricks on me or have we actually broken out of the down trend? Too close to call?

[mac15] 27/2/2014 20:23

They need our money so maybe the bullying politicians need to shut up.

[wipo1] 27/2/2014 13:15

I am still watching, glad i moved into EU:GSZ up over 4% today. I prefer the european utilities which look better value, interesting GDF SUEZ,EDF AND IBEDROLA were all a good bit higher than todays prices when centrica was 230p.

[mitchy] 27/2/2014 11:19

I suppose the breakup value which exceeds it's current value could make it a target?

[mitchy] 27/2/2014 11:17

Someone just bought almost 12 million!? Stake building?

[mitchy] 26/2/2014 19:15

A break-up of Centrica would be bad for customers but not for shareholders, according to the British Gas owner's joint house broker.Political campaigning around fuel bills has sent Centrica tumbling 20 per cent since September with energy secretary Ed Davey this month telling regulators to "think radically" when tackling British Gas's dominance.Cold comfort for Centrica across Atlantic Centrica chief says energy bills to fall .Breaking up Centrica would undo the benefits of its investment five years ago in nuclear power and gas production, exposing customers to commodity risks, said Goldman Sachs.Yet Centrica's current valuation "implies little or no value for the retail business", the broker argued."From a share price perspective, isolating UK political risk and allowing the other parts of the group to be valued more efficiently could be positive for the overall group valuation."Goldman assumed British Gas's margins would halve to 3 per cent after the competition review, which led it to cut 2014 group earnings forecasts by 15 per cent in an overnight note.

[mitchy] 26/2/2014 10:02

Yes jono.When it breaks out of the downtrend (circa 320) any entry below that will be squids in.And if it turns tail and heads for the forest you will have the 5.5% divi to keep you warm. Win Win.LOAD THE BOAT!

[jonojubb] 26/2/2014 09:26

I feel this is a good entry point!

[portside1] 26/2/2014 08:21

can also say this a certain fund as been buying for weeks via a broker so it is not in the funds name when they have their stock they want will declare it now almost 4%

[portside1] 26/2/2014 08:19

micthy agree over sold and target well over 380p

[mitchy] 26/2/2014 07:57

Ignore the market..that's my advice. Centrica is going to fly today..mark my words.

[essentialinvestor] 26/2/2014 07:48

mitchy, you cannot ignore the wider market, CNA can show relative strength
of course following months of relative weakness.

[mac15] 25/2/2014 13:49

Good fightback by Cna after the 280 share price targets by Barclays and co. Heat on energy companies slowing down and out of the headlines. Certainly worth holding, and even adding. Milliband sliding back to his nonentity status after a period in the spotlight.

[portside1] 24/2/2014 10:15

24 February 2014


Share Repurchase Programme


Centrica plc announces that on 21 February 2014, it purchased (through UBS Limited) 1,000,000 (one million) Centrica plc ordinary shares at an average price of 320.6025 pence per share. The highest price and the lowest price paid for these shares were 322.80 pence and 319.40 pence respectively.


The purchased shares will be held as treasury shares. As at the date of this announcement, Centrica plc holds 118,713,688 ordinary shares in treasury and has 5,081,216,004 ordinary shares in issue (excluding treasury shares).

[mitchy] 24/2/2014 09:11

24 Feb 14 Centrica PLC Societe Generale Hold 318.60 315.00 315.00 Reiterates

[mitchy] 23/2/2014 09:50

The FT report on Centrice after results on 20th give increased earnings for 2014 and 2015.
Increased dividend for 2014 , 2015 and 37% of analysts forcasting an share price of 440 over the next 12 months with only 13% forcasting an share price of 280.
Mid price 340.

[mitchy] 22/2/2014 22:10

Interesting movement at the end of day/week... a failed breakout perhaps?
Does it mean it's about to break out or that it can't breakout of the down trend?

Tune in for next weeks enthralling episode of "Centrica - The wasted years" with guest appearance from the new FO..perhaps.

[rathkum] 21/2/2014 19:23

wipo1- forget about Labour winning the next election. No blo..y chance. Take 3/1 offered by the bookies for the Tories to win outright majority. This will be approaching £4 after the next election.

[portside1] 21/2/2014 15:54

380p then over 420p

[mitchy] 21/2/2014 15:49

21 Feb 14 Centrica PLC Liberum Capital Buy 319.90 - - Reiterates
21 Feb 14 Centrica PLC Barclays Capital Underweight 319.90 285.00 285.00 Reiterates
21 Feb 14 Centrica PLC Beaufort Securities Buy 319.90 - - Reiterates
21 Feb 14 Centrica PLC Deutsche Bank Hold 319.90 300.00 300.00 Reiterates

[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.