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Centrica Share Chat (CNA)



Share Price: 152.60Bid: 152.80Ask: 152.85Change: 0.00 (0.00%)No Movement on Centrica
Spread: 0.05Spread as %: 0.03%Open: 152.05High: 153.80Low: 151.40Yesterday’s Close: 152.60


Share Discussion for Centrica


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wanderingon
Posts: 38
Opinion:No Opinion
Price:152.95
Chill out-My reasoning £3.30/share
Fri 16:28
Hi Pippa-Peaches, good to see you on this site. Globally, CNA has its thumb in more pies than Little Jack Horner. They're not frightened to innovate, so one might expect the occasional set back. £3.30 a share sounds a bit optimistic, although to be fair you didn't say when. Brokers, for what they're worth, think £1.70 - £1.80. There are so many variables to compute, I wouldn't want to predict. But they do look cheap to me at the moment.
 
Pippa_Peaches
Posts: 73
Opinion:No Opinion
Price:151.50
Chill out-My reasoning £3.30/share
Fri 14:47
Hello all,

My reasoning is that the energy market are being split. CNA have chosen to become a customer facing/service business. Other companies are gradually taking over the role of supplying the physical energy.

Hence logically if the government want to re-distribute energy availability to benefit the more vulnerable then price-capping CNA's charge would be pointless. As CNA are only going to be involved with the billing and service provision in terms of the customer service in future.

Any sane future government will cotton on (or CNA management can explain how the energy system really works with a word in their ear). Hence price caps will eventually be targeted at the physical suppliers of the energy as those are the nasty bad profiteering companies who are pushing up the bills of vulnerable consumers. CNA is not to blame for the wholesale price rises (poor investment in energy infrastructure and new oil/gas fields by the last Labour government 1997-2010 are now feeding through and hurting the most vulnerable in society).

Hence CNA has chosen the right bet. To become the customer service interface of energy supply in the UK. It should be allowed to make a clear 8-10% profit margin on this business as is perfectly reasonable. The physical energy providers are trying to profiteer by failing to invest in new infrastructure and new oil/gas fields and at the same time promising their shareholders a Return on Capital of 15% which is far too high considering interest rates are low.

CNA is offering to provide a necessary, important and reasonable service to all with reasonable return to shareholders (a return on capital of a reasonable 8-10% which is not the same thing as making any dividend promises in terms of future capital returns. A company can make a reasonable return on investment and choose to pay no dividends if it wants to. That's up to the individual company).

However all the political fears being directed at this company are completely misguided. As I said it's the physical energy providers/energy wholesalers (a business that CNA are exiting) that are really the scourge of society - failing to invest and jacking up prices whilst promising shareholders rates of return on capital invested of 15-20% which is blatant profiteering. It is this profiteering behaviour, for which CNA is not to blame and has no control over, that is forcing CNA to pass on the increases in wholesale energy prices to its retail customers. Not something CNA wants as it doesn't benefit them financially. CNA are on the same side as the government on this issue. The regulator would best remember that and use CNA as an ally in reducing wholesale prices (cap wholesale prices please) - not viewing CNA as the energy of the consumer which it most certainly isn't.

Once the dim politicians figure out what is really going on this share price is going to return to its rightful value - the price it was in 2014 about £3.30 per share.
wanderingon
Posts: 38
Opinion:No Opinion
Price:153.50
Re: This
Fri 11:16
Corbyn has never had to face the realities those in power have to face. If you believe the catastrophe theories, then invest accordingly.
H-hi
Posts: 3,344
Opinion:No Opinion
Price:153.50
RE: Re: This
Fri 11:05
Labour government would first go through parliament then the courts then borrow more money just to nationalise the industries. The market will jump after the caps are set just like bookies.......MMs do know how to frustrate retail shareholders.
Slownsteady
Posts: 147
Opinion:No Opinion
Price:153.25
RE: Re: This
Fri 10:48
Corbyn is different. He has stuck by his commie ideas (or 'principles') since the 1970s. His constant bubbling of anger and irritation are caused by watching the British people reject his ideas time and again over 40 years. He is an unreformable State control Communist.
wanderingon
Posts: 38
Opinion:No Opinion
Price:153.05
Re: This
Fri 10:34
Now in my advanced years, I've seen political parties, one after the other, be elected on their promises, only to water them down when reality bites. Hysterical voices, fearing a Corbyn led government, predict a possible economic armageddon leading to a collapse of civilization as we know it. It won't happen! As H-hi points out, many make a killing on otherwise sound companies whose SP is affected by negative, Cassandra like rumours. IMO, don't panic, hold and/or buy.
Time2Buy
Posts: 7,383
Opinion:No Opinion
Price:152.40
Broker
Thu 14:50
Berenberg today reaffirms its buy investment rating on Centrica PLC (LON:CNA) and cut its price target to 170p (from 240p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
H-hi
Posts: 3,344
Opinion:No Opinion
Price:151.20
RE: Re: This
Thu 12:05
The U.K is the dumbest market ever, if a government wants to buy a company then that company has to trade higher. The buyer has to be very fair or lawsuits could jeopardise the buyout. The U.K is not a third world country that can do whatever it likes. Pensions and funds all have money tied in CNA. I bet Corbyn is invested in an energy company indirectly. Politicians to me are not realists as we can see with brexit.......easy to ramble, vote but hard to implement. Everything is connected and complicated so not so simple........MMs are making a killing buying at low prices even with the rumour of the sale of nuclear stakes to the Chinese.
Pokerchips
Posts: 4,468
Opinion:No Opinion
Price:151.55
RE: Re: This
Thu 11:10
Labour are excellent at saying what is wrong with the country..they arent so good at creating the solutions to the problems
New Labour did a better job due to the fact that they moved centre/left and worked with business..

Socialist Left Labour of Corbyn would have a disaster and they seem in disarray in terms of what they could actually make work ....futher borrowing is always their answer to everything

Labour is as much divided on their policy as the Tories are on theirs
wanderingon
Posts: 38
Opinion:No Opinion
Price:151.40
Re: This
Thu 10:38
Pokerchips - I agree. I think energy nationalization would be some way down Labour's 'things to do ' list. As I said, "may never happen". If the prospect of nationalization is, in part, affecting investor sentiment, then I can see this SP climbing higher should Labour's poll lead wane.
Pokerchips
Posts: 4,468
Opinion:No Opinion
Price:151.50
RE: Re: This
Thu 10:23
If Labour ever get in power the nationalisation of CNA is going to be way down their priority list ...they are going to have their hands FULL without that
They would probably just issue price caps and let the shareholders suffer

If they got to a second term then maybe this would start to become important to them

CNA is still providing a service and their prices are not a major issue right now

If a Labour Govt bouht CNA then the taxpayer would be stuffed

In My Opinion
wanderingon
Posts: 38
Opinion:No Opinion
Price:151.85
Re: This
Thu 10:18
The SP fall could, in part, be due to Labour showing a 5 point lead in a recent poll. Their nationalization intent is bound to rock Centrica's SP, although nationalization of energy companies would probably be less popular than Rail and Water, and might never happen. IMO the SP fall is being overdone.
Daytradenovice
Posts: 902
Opinion:No Opinion
Price:151.50
RE: This
Thu 09:51
thanks poker, been watching this decline for a week with no idea why, certainly makes sense. Still prefer to keep the decent weather though lol
Pokerchips
Posts: 4,468
Opinion:No Opinion
Price:151.55
RE: This
Thu 09:42
Getting hit off the back of SSE

https://www.telegraph.co.uk/business/2018/07/19/hot-weather-high-gas-prices-force-sse-take-80m-profit-hit/

"Energy provider SSE blamed soaring temperatures, a lack of wind and “persistently high gas prices” as it warned of an £80m profit hit"
JOEHIGASHI
Posts: 675
Opinion:No Opinion
Price:153.10
RE: This
Thu 08:40
Have we hit the bottom, surely up from here
lunatic
Posts: 1,064
Opinion:No Opinion
Price:154.70
This
Wed 14:24
Weeks drop in sp has wiped out the divi, Where is it going !
froggy2012
Posts: 503
Opinion:No Opinion
Price:154.90
Berenberg
Wed 11:49
Brokers target price today £1.70.
pipedreamer
Posts: 289
Opinion:Weak Buy
Price:154.35
Channels
Wed 09:29
If you basically draw a line connecting the highs of 402.2 in 2013 and 234 in 2017,the latest high hits the line and therefore we now have weakness.It needs to go up and penetrate the line [top of the channel ] and stay there.
So as I said before ,this is a crucial moment for the s.p.Strong nerves needed if you are a holder.
HeresHopin
Posts: 2,247
Opinion:No Opinion
Price:154.75
RE: Resistance and Support
Tue 13:01
Another drop here today. Not holding myself currently but I thought it had turned a corner and established a base at 160 - obviously not.
pipedreamer
Posts: 289
Opinion:Buy
Price:158.20
Resistance and Support
Mon 12:20
Haven't been on here for a while.Everybody agree that the s.p.needs to get above previous high and stay there ?.
Base build at 160 would still be ok,as long as it then started to go up,even slowly.
Any weakness at this point [sudden 3/4 p drops],would not be a good sign.
Another moment of truth time is upon us.Let's all hope,and fingers crossed.
TomE
Posts: 10,132
Opinion:No Opinion
Price:160.15
RE: Appologies
15 Jul '18
Apologies
TomE
Posts: 10,132
Opinion:No Opinion
Price:160.15
Appologies
15 Jul '18
Guys I apologise that this has been posted on here as our disagreement should have been kept off this board, again sorry.

GLA

Tom :-)
WeylandYutani
Posts: 317
Opinion:No Opinion
Price:160.70
RE: Sunday Times
13 Jul '18
Good explanation, thanks for info :)
my2penneth
Posts: 1,738
Opinion:No Opinion
Price:160.95
RE: Sunday Times
13 Jul '18
Yes : There is trading after 4:30pm for 5 mins. In this period the computer system that runs the stock exchange tries to match up any outstanding orders to BUY on 'one side of the books' with orders to SELL on the other.

During that 5 minute period of time (and if you pay for access to this 'after normal hours service' )you can make a bid to buy (or offer to sell) but within a fixed range (5% ...so you couldn't make a silly offer!). The computer system tries to cross off as many buy/sell orders as possible so it looks for the biggest volumes to buy or sell first and works down the list. (I think of it as a crossing off period as it crosses off buys and sells, but the system refers to it as Uncrossing trade).

After 5 mins there is another 30 seconds and the market is closed and you see the closing price reported.

**** The aim is to come up with a closing price for the day and a starting price for the next day *****

The next day, there is a period just before the stock market opens to Joe Public at 8:00am (UK) whereby those who pay for the service have a small window of time before 8:00am to buy/sell shares...hence by the time the average punter has access to buy the share price has moved!
_nick
Posts: 24
Opinion:No Opinion
Price:161.25
RE: Sunday Times
13 Jul '18
Thank you




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