somewhat speculative............how about a buyout? unlikely. American division excelling itself? unknown. Dividend chasers? possibly .Wholesale gas now so much cheaper, margins are through the roof . just as a spell of sustained cold weather has arrived? maybe.Shorters are deserting in droves ? possibly. not all of these can be ignorance ....keep holding!!
If earnings were 18.40p and dividend paid 17.00 p LSE figures on SP page that means if earnings fall due to churn etc then the dividend cannot other than fall. So even if CNA has recovered from recent lows is there any logic in it going higher other than ignorance ?
Unfortunately for us, the use of the phrase 'cost of living crisis' by the Labour Party puts companies like Centrica in the frame for easy political point scoring. As a political device, Centrica (and others like Tesco, BP and the banks) can be painted as profit- accumulating bohemouths that have been ripping off British voters for years. The problem we have is that the other side of the economic equation is rarely discussed in the media (value to the economy, jobs, the necessity of the product provided etc) and these companies seem quite poor at defending themselves. I think that to invest in companies like these, we have to accept this kind of political risk because, as has been pointed out, the yields are superior to most.
Your comment is so very true. If it's not the Regulator it's some dullard politician. Ofgem flapping their gums again in the news about energy suppliers making a profit. That's what all businesses are set up to do? Should BG give it away for free? Amazing no-one ever bangs on about the jobs it creates nor the heavy tax revenues it pays the UK GOV.
Boys on the Rough say they are pumping out the Scuffs at a high rate, flow from the North of Peterhead ramping.....thanks to current weather.....met office projection is looking that Feb, March and April being cool, so for CNA it can only get hot....enjoy the snow....
Not just yet but close.......still a good buy at this price....cold weather aside needs a few more good poll results for Cameron....mind add in Nicola's 40 plus seats to the equation, then 10% + easily in reach and any drop in divi will be reduced over what we might see with Ed getting in and making a Balls of it.....pun intended.
I am convinced these are a 330/340p share.dividend at 6 %,a lot of big buys are going through.wholesale gas has dropped and all of a sudden,credit Suisse (I think) goes on the upgrade.......think these will carry on until ex divi date.small reduction expected next time around? maybe the American operations are doing well? are the shorters bailing out? any ideas people?
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