With no time scale I could say yes to 350 but no time scale was implied. So what is going to make it rise 20 odd percent? Maybe if they put bills up by more as you suggested and everyone was forced to stay. With "Sell in May" just about here why cant it fall by 20% ? In fact I haven't a clue where the share price is going except to say up over the longer term I hope. I will keep taking the (reduced) divis and either reinvest some back here if it falls or elsewhere if it doesn't. Maybe a trader or someone into charts might be able to give you a better view on the SP
RE: Face it
Thanks Gerry. We are looking at 350 though aren't we?!
RE: Face it
I doubt it. Customers will just leave and move to a cheaper supplier. Look how many left in the last results. They need to become more efficient plus the cma will be upsetting the apple cart. Sorting out paying for green issues might be a better way of reducing the bills. The price fix was a sham headline grabbing thing and would have been difficult to implement without causing other issues like the lights going out and cuts in cap ex. Yes we want cheaper bills but we also want energy security too. The easy money has been made now they will have to work for it
Now that the Conservatives are in power this share will easily reach its previous highs of 350. Labour were going to enforce ceilings on their price rises. Not now. Centrica can charge whatever they wish. Making money will be like shooting fish in a barrel....
14 May '15
That's splendid, thank you!
14 May '15
The Final Div for 2014 has been rebased by 30%. Iain Conn, Centrica Chief Executive speaking about the 2014 Final results said: “2014 was a very difficult year for Centrica and the recent fall in oil and gas prices creates further challenge. We are cutting investment and costs in response. However, it is with regret that, along with reducing capital expenditure and driving efficiency beyond planned levels, we have taken the difficult decision to rebase the dividend by 30%, commencing with the final distribution for 2014." The current yield is based on the last two divs paid: 12.08p 2013 Final and 5.1p 2014 Interim giving the 17.18p quoted. When paid, the 2014 Final div of 8.4p (payable 25/6) added to the 5.1p 2014 Interim div will give a new total div for the year of 13.5p. When divided by the current sp this will give a new yield of approx 4.8%. Plus they have introduced a SCRIP div alternative giving you the option of taking cash divs as new shares without any costs. When the kids were younger we used to play a 'spot the lorry game' where we each chose a different haulier to score points. Eddie usually won but Norbert was a good choice along with Tesco and the Post office!! ATB.
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.