Register
Login:
Share:
Email Facebook Twitter

CNA Share Chat - RSS Feed

Centrica Share Chat (CNA)



Share Price: 319.40Bid: 318.60Ask: 318.70Change: 0.00 (0.00%)No Movement on Centrica
Spread: 0.10Spread as %: 0.03%Open: 319.70High: 320.00Low: 317.10Yesterday’s Close: 319.40


Share Discussion for Centrica (CNA)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Pipk
Posts: 27
Off Topic
Opinion:No Opinion
Price:319.40
Vote Labour
Today 03:02
Vote Labour for a good buying opportunity....well done Ed you let me get in at 305...... Proves even numpties are useful. Can see this one at 360 come Xmas.......even with Putin throwing spinners in works......CNA filling the caverns at the moment and at good prices....get a hard winter and 375 a good possibility.
 
moohaddib
Posts: 16
Answer
Opinion:No Opinion
Price:318.50
View Thread (2)
RE: Some More BAD news re power Co'..
Tue 23:00
Precisely why cna is worth buying at depressed price. Energycos are big tax collectors (a bit like banks pre bust). Milli will fudge his way out of the issue. Labour will need the future investment and the tax take and won't have cahunas to rock the boat other than with a few headline grabbing smoke n mirror platitudes.
cautious7
Posts: 209
Observation
Opinion:Strong Sell
Price:316.60
View Thread (2)
Some More BAD news re power Co's
Mon 14:06
Just read this - see below line to story.
News like this stops me from investing in CNA at sub 3 quid and UU which I favour more than CNA#

http://www.thetimes.co.uk/tto/business/industries/utilities/article4185644.ece

DYOR & GLA
MY21
Posts: 2,548
Off Topic
Opinion:No Opinion
Price:316.60
Press Comment
Sun 08:22
China wants to build nuclear plant in Essex: China’s nuclear power giants are in early talks about building an atomic reactor on the Essex coast at Bradwell. The site, home to a partly decommissioned Magnox power plant, has emerged as the favourite for a new Chinese-built and designed plant, industry sources said.
notebook
Posts: 1,040
Off Topic
Opinion:No Opinion
Price:317.70
Re:Re:Re:Thanks Bonz1957
22 Aug '14
Yes previously bought some shares that gave a discount on SP to the market price-it was small & also did not have to pay for dealing costs. Seems like you are a long term hold on CNA. GL
Bonz1957
Posts: 2,147
Off Topic
Opinion:No Opinion
Price:317.90
View Thread (2)
RE: Re:Thanks Bonz1957
21 Aug '14
No, there is no discount as such, but there may well be a difference between the price on the day the DRIP or SCRIP is calculated and the date on which they are received. As the base price is decided a number of days prior to them being issued, it will depend on which way the share moves as to whether the calculated value you get them at is above or below the current sp. For example today I received my Nat Grid SCRIP shares, the price used for the calculation was 836p whereas the sp today is 887p - so this time I'm better off as my cash div bought more shares at 836p than it would have bought at 887p.
There are a few differences between how a DRIP and a SCRIP work.
DRIP: here the new shares to be issued are bought in the open market. The average price paid is then used to determine how many new shares are issued under the scheme. There is no dilution as the total number of shares in issue stays the same, but there is a dealing cost - albeit usually around 0.5% - and stamp duty is charged.
SCRIP: here the company issues new shares which has the effect of increasing the number in circulation and hence marginally dilutes the value of the existing shares. There is no transaction charge and no stamp duty to be paid in taking your div this way.
The companies are also taxed differently on these two options so their choice of which to offer will depend on their individual tax circumstances.
notebook
Posts: 1,040
Off Topic
Opinion:No Opinion
Price:317.10
View Thread (2)
Re:Thanks Bonz1957
21 Aug '14
Sorry for all the questions. Do you get these shares at a discount? I know some companies in their DRP offer a small discounted price to market share price.
Bonz1957
Posts: 2,147
Answer
Opinion:No Opinion
Price:316.90
View Thread (2)
RE: Thanks Bonz1957
21 Aug '14
They are likely to continue buying back their own shares for as long as they continue to offer a SCRIP div option, plus they will need to put shares away in their Treasury account for future sharesave and bonus schemes.
Most companies do this and tend to only announce major buyback schemes when the shares purchased are to be cancelled as a means of using excess cash to improve shareholder returns.
I hold my CNA shares in their 'FlexiShare' service and receive all of my divs as new shares. It is a great way to increase your shareholding at minimal cost, and have seen the number of shares I hold increase by 15% in the last three years. ATB.
notebook
Posts: 1,040
Off Topic
Opinion:No Opinion
Price:316.70
View Thread (2)
Thanks Bonz1957
21 Aug '14
Should have looked closer. Any idea when they will be stopping this? Had a quick glace through the Half year report but could not see it mentioned. They did say that they will be offering script dividend in 2015 as you have said.
Bonz1957
Posts: 2,147
Answer
Opinion:No Opinion
Price:317.50
View Thread (2)
RE: Share buy back
21 Aug '14
It would appear so. If you click on the "Live RNS" icon on the main page for CNA you will see that there have 13 RNS's this month detailing "Transaction in own shares". Most of the shares purchases have been placed in 'Treasury' to cover future commitments to those who take their divs as new shares, sharesave or directors bonus schemes, etc, but some of those purchased have been cancelled to improve shareholder returns. ATB.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.