The reasons, election out the way, even if labour are in power energy security is becoming more important for any country and that is where I see CNR advantage, oil will improve over the course on the next few qtrs. and by itself will improve profitability.
Having looked at their deteriorating balance sheet it looks like they lost 40% of their net asset from last year to this year but the shares price only went south by 22%. Therefore, if the share price goes down by another 18% then the final share price would stand at 200p, which coincidently matches with analysts' share price prediction of whta the company should e worth.
Top that with dwindling oil price and existing customers leaving BG for smaller cheaper providers, I don't think they can maintain the revenue of 29bn for next year. Therefore, I foresee a further 500M deteriation on their net assets, but can't be bothered to work out what that means in share price lows, probably shave another 15% from the 200p price target for 2015 financial year end.
in addition to other posters, going forward I would be working on a divi of just over 12p going forward. l cant help with the share price but its something to base your calculations on, once you have decided when to plunge. Sods law states you will be wrong whatever way you go. Time not timing remember
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