CNA well placed to take advantage of Brexit which should see price recovery sooner rather than later.....Central Banks well placed to ensure stability across markets....7.5% lift a strong possibility in 2-3 months.
Britain is turning to a new way of making sure it doesn't run out of power, one that could turn the energy market on its head: rather than paying utilities to produce more electricity, it is paying firms that guarantee to cut industrial demand. These “aggregator” firms secure commitments from businesses across the country to reduce power usage and then sell the megawatt reduction they secure to power network operator National Grid, which is increasingly favouring this "demand-side response" (DSR) method instead of paying big utilities to ramp up power generation. Aggregators pass on the revenue to the businesses, taking a cut. Aggregators, like Flexitricity, Kiwi Power or Open Energi, have gained traction in the past year after National Grid launched a promotional campaign to raise awareness among businesses about the commercial benefits of DSR and reducing energy usage. They present a threat to the revenue of big power generation firms like Centrica, SSE and EDF Energy, who are being undercut by these newcomers and losing business in Britain's 1-billion-pound ($1.5 billion) electricity balancing market.
You could be right, tailed off at the end of yesterday and ex divi today should knock another 8p+. add to that futures looking down and lack of support from divi going forward albeit temporary ..........
Now if Mr Market turned more nasty. Still the ex divi thing will be forgotten in a month so you might have to be quick
So far there is little sign that the new shares have been dumped by the institutions that hold them unless of course there is a lock in period (3M-12M?) and we are unaware of this? I was expecting sub £2 on the recent news about this fundraising but that does not seem to have happened (yet).
Gray, as you allude too any rise in interest rates will increase costs for everyone over time. Some costs are fixed so wont have an immediate effect. Higher rates also change actions, more might decide to pay off debt if it starts to cost more! In CNA's case they have to keep earnings to be able to pay down.
Anyway they can always cut the divi, issue more shares ....... the circle of financial life will continue.
I have noticed increases in the amount of voting against re-numeration packages, the 5 percents against are becoming 15's and others much bigger. I still think they have more time to milk the system, all of them not just CNA, but its starting to change.
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.