also if get to buy some soon at 240p ill also pick up next dividend before it goes ex divi
On technical long term chart. Centrica is testing some real long term big support levels those are 240p and 215p im going to start building decent size position in this share at 2.40 and 2.20
RE: well here goes nothing
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.
RE: Contrarian play
Maybe not then, can see this closing below 250 today so have reversed position.
This to me is standing out like a sore thumb as a massive contrarian play so going in heavy long here at 252. GLA.
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