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Centrica Share Chat (CNA)



Share Price: 292.00Bid: 291.70Ask: 291.80Change: 0.00 (0.00%)No Movement on Centrica
Spread: 0.10Spread as %: 0.03%Open: 292.00High: 294.20Low: 287.90Yesterday’s Close: 292.00


Share Discussion for Centrica (CNA)


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MY21
Posts: 4,296
Off Topic
Opinion:No Opinion
Price:292.00
Sunday Telegraph
Today 08:44
Investors should avoid Centrica shares:

Ed Miliband may be struggling to make an impact in the election polls, but he is having a devastating effect on the stock market. Ever since the Labour leader said he would freeze energy prices last year shares in Centrica, which owns British Gas, have moved sharply lower. The company’s shares peaked at 402.2p in September last year and they have slumped 29% lower since to 293.9p at the end of last week. The utility company was valued at £20.7 billion at its height and with Mr Miliband’s help it is now down £6.1 billion to £14.6 billion at the end of last week. The utility has been hit by milder weather in the U.K. reducing home gas sales and its oil and gas exploration business is suffering from a sharp fall in the oil price. Brent crude, the global benchmark for oil prices, has entered a bear market falling from $115 per barrel in June to to $78.8 per barrel at the end of last week, a fall of 31%. The utility company has issued three profit warnings within the past 12 months. Last week, it said that full year earnings per share (EPS) are now expected to be in the range of 19p to 20p. That figure is 25% lower than last year’s EPS of 26.6p, and below market consensus of 20.7p. The news sent shares down more than 1.6p% last week. Centrica blamed a warm winter in the U.K. and the fact that the nuclear power business, in which it owns a 20% stake, was hit by safety shutdowns to the Heysham 1 and Hartlepool nuclear plants. The nuclear restarts have been further delayed since then, while unusually warm weather has persisted. The company has already taken additional costs from an exceptionally harsh winter in the U.S., where it operates through its Direct Energy subsidiary. The company’s British Gas customer gas usage in the first 10 months of the year was 21% lower than the previous year as a result. Centrica at 292p. Questor says “Avoid”.
 
lunatic
Posts: 735
Observation
Opinion:Buy
Price:293.90
Rough Weather Ahead !
Thu 15:50
Grrrrrrrrrrrrrrrrrrrrrrrrrreat
Gerry557
Posts: 1,209
Observation
Opinion:No Opinion
Price:298.60
update
Thu 07:28
Well the update was better than I was expecting, nice to see the arrest in customers leaving and talk of growth in this area. The prospects of the lights going out should also be reduced with the reactors coming back on even if not at full power.

EPS down and lots of debt, as per most utilities that generate cash but the buy back means there should be some small dividend growth, which, for a dividend hunter like me is good, if not great.
Libero
Posts: 2,617
Off Topic
Opinion:No Opinion
Price:296.90
CNA looks Good
3 Nov '14
CNA

Good bits - owner of British Gas, superb yield, fallen 13% this year (whereas peer SSE has risen), modestly rated

Bad bits - regulatory / political risk, warmer weather so far this year, etc

http://www.fool.co.uk/investing/2014/10/31/will-falling-gas-prices-boost-profits-at-centrica-plc-and-sse-plc/
jackdawsson
Posts: 1,205
Observation
Opinion:Buy
Price:299.80
View Thread (2)
RE: Buy @ 291.80
30 Oct '14
Looking good for that 310+ target over next few weeks, a target probably aided by one the worst UK winters for years being forecast today.
jackdawsson
Posts: 1,205
Observation
Opinion:Buy
Price:291.90
View Thread (2)
Buy @ 291.80
20 Oct '14
Reasons: SP not far above year lows, CNA's massive share buyback ought to add future value, profits ought to be decent again, esp with seasonal factors, until possible increased regulation after May's GE.

In this climate this could go lower again before climbing, but nothing without some risk in short-term.

Target, more mid-term: circa 310+, though will reassess staying in for 320+ if upward momentum good. - GLA.
cautious7
Posts: 1,413
Off Topic
Opinion:No Opinion
Price:288.40
View Thread (2)
RE: cautious7
16 Oct '14
Hi

Very true, but you know what they say, facts are stranger than fiction.

IMO, the sub 2 quid is possible if the governments get desperate and want to buy voters with cheaper gas and electric and put further restrictions and taxes on companies like this.

CNA has often been in the bid specs for a number of yrs and recently. It can also make a mistake with finances or poor investment/etc or competition.

IMO, as things stand if SP went down to lets say about 230p, bid dpec would push it back up.

IMO, most SP are over priced and a stock market crash or massive correction is on the cars as nothing goes up in a straight line.

ATB DYOR
Seifert
Posts: 1,870
Observation
Opinion:No Opinion
Price:284.40
View Thread (2)
cautious7
16 Oct '14
Below £2? You would need a severe market meltdown (not a correction) for that price range to be hit. Are you making that prediction?
cautious7
Posts: 1,413
Off Topic
Opinion:No Opinion
Price:286.60
View Thread (2)
RE: Keep the faith.
15 Oct '14
Chins up. IMO if this falls below 2 quid, may trigger a bid? A few months ago a lot of spec re bid but never materialised.

Poss a good long term hold for divs?

DYOR ATB
Seifert
Posts: 1,870
Question
Opinion:No Opinion
Price:290.30
Fernie123
15 Oct '14
What will it be in a couple days time, that's what important (in the current volatile market)



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