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Centrica Share Chat (CNA)



Share Price: 173.10Bid: 172.80Ask: 173.10Change: 0.00 (0.00%)No Movement on Centrica
Spread: 0.30Spread as %: 0.17%Open: 173.10High: 173.10Low: 171.10Yesterday’s Close: 173.10


Share Discussion for Centrica


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Liberalman
Posts: 1,794
Off Topic
Opinion:No Opinion
Price:173.10
RE: RE: SVT info: Centrica already ..
Sun 21:55
Deafening silence, :-)
 
TomE
Posts: 7,785
Off Topic
Opinion:No Opinion
Price:173.10
RE: SVT info: Centrica already chea
Sat 12:50
Just one question. With this apparent reasonable news why is the SP still stagnant at around 172 ish. ??????

Can anyone see a possible 180 in the near future or below the current SP of 173 ???
Pokerchips
Posts: 3,662
Off Topic
Opinion:No Opinion
Price:172.10
RE: SVT info: Centrica already chea..
Fri 14:09
"So why are Centrica not blowing their own trumpet and wringing every ounce of positive publicity they can from this positive news? "

They are...in a way...the CEO has bought 100,000 shares and the Chairman 57,077 shares
Pokerchips
Posts: 3,662
Off Topic
Opinion:No Opinion
Price:171.80
RE: SVT info: Centrica already chea..
Fri 13:30
"If British Gas switched all their customers from the standard variable tariff (£1,044) to their cheapest available tariff (£989) then that is only a drop of 5.3% and there is nothing to stop them increasing the price of the cheapest tariffs/fixed rate tariffs."

Only a drop of 5.3%.....only? ....as far as I understand the profit margin on many of these customers is ...5%

Which may explain that you are reaching a point that it is better to offload these customers...they just dont realise the true costs of supply to their doorstep...the profit margin is just eroding away

The newer companies in the market who take these customers are losing money with them ...one guesses they are doing so to gain market share and at some point put up prices....
TopLink
Posts: 22
Off Topic
Opinion:No Opinion
Price:171.80
RE: SVT info: Centrica already chea..
Fri 12:49
So why are Centrica not blowing their own trumpet and wringing every ounce of positive publicity they can from this positive news?
Mulder
Posts: 3,314
Off Topic
Opinion:Buy
Price:172.00
pipedreamer
Thu 17:37
In response to your technical query I tend to look more at the RSI, Bollinger bands, MACD and Williams%.

An RSI of 33 and Williams score of -95 is certainly in the oversold category, with some support at 171p.
Mulder
Posts: 3,314
Off Topic
Opinion:Buy
Price:172.00
SVT info: Centrica already cheapest
Thu 17:34
Interesting table from 28/11/2016 published by Ofgem that shows that despite Centrica getting a hard time from the media and politicians its average standard variable tariff was actually the cheapest out of all the major energy suppliers. The proportion of customers on standard variable tariffs was also less than SSE and on a par with E.On. The difference in price between the standard variable tariff and its cheapest was also less than nearly all of its competitors.

https://www.ofgem.gov.uk/publications-and-updates/standard-variable-tariff-comparison-28-november-2016

Looking at data from July 2017 the average British Gas standard variable bill was £1,044 whilst the cheapest fixed rate/other tariff was £989 so not a huge difference and a lot less than its competitors such as Scottish Power and RWE charging as much as £1187
https://www.ofgem.gov.uk/data-portal/average-tariff-prices-supplier-standard-variable-vs-cheapest-available-tariffs-gb

If British Gas switched all their customers from the standard variable tariff (£1,044) to their cheapest available tariff (£989) then that is only a drop of 5.3% and there is nothing to stop them increasing the price of the cheapest tariffs/fixed rate tariffs.

Centrica/British Gas is always seen as the biggest villain by the media/MP's but according to this data other energy suppliers will be hit far harder by any cap and the fall here is overdone IMO
WiganWarriors
Posts: 290
Off Topic
Opinion:No Opinion
Price:173.10
RE: RE: Tax treatment of SCRIP and ..
Thu 14:52
Yes. There are no hiding places other than ISA's ...
johnson36
Posts: 2,214
Off Topic
Opinion:No Opinion
Price:172.40
RE: Tax treatment of SCRIP and DRIP
Thu 13:40
so we agree.
Tax is the same.
The value of scrip shares is classed as income. Any further gain made on these shares when sold would be a capital gain.
WiganWarriors
Posts: 290
Off Topic
Opinion:No Opinion
Price:172.40
RE: Tax treatment of SCRIP and DRIP
Thu 13:04
As I thought, the previous advantage of a SCRIP distribution has been removed. Its nice and simple now, albeit less advantageous. My tax advisor has confirmed that the tax treatment of SCRIP and DRIP share schemes are broadly the same for income tax purposes, in that the recipient is subject to income tax on any dividend foregone/used to acquire the new shares £ in effect you are taxed as if you had received the cash equivalent of the dividend. SCRIP and DRIP receipts also qualify for the £5k (reducing to £2k) dividend allowance.

The difference between the two schemes is that a SCRIP represents an acquisition of newly issued shares whereas a DRIP is an acquisition of existing shares in the company (meaning those who do not take up SCRIP options can see their holdings diluted).

Scrips schemes are attractive for recipients as they avoid stamp duty and dealing charges on acquisition of the newly issued shares. These charges do typically apply to shares acquired under a DRIP. This is the only advantage of the DRIP option.

For CGT purposes, each SCRIP/DRIP payment/dividend is treated as a new acquisition of shares, such that the amount of the dividend is treated as forming part of the base cost of the increased holding of shares. For example if I own 100 shares with a base cost of £100, and a scrip dividend is declared for £10 where I receive 10 new shares, I would be subject to income tax on a dividend of £10 and my CGT base cost would increase to £110 for the 110 shares that I now hold.




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