The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Healthy correction. The £1.50 broker must feel like a wally now.
Good to see the sp making a recovery after that ridiculous downgrade a month ago.
It is now 12 months in a row that the share price has increased, fantastic share
Sharecast News) - Citi reiterated its 'buy' rating on Centrica on Tuesday and lifted the price target to 180p from 155p, saying it was attractive relative to the sector.
"With one of the best balance sheets in the sector, delivering above sector average 8% yield via returns to shareholders (both dividends and buybacks), Centrica shares continue to look attractive in a sector relative context," the bank said.
"We update our earnings and valuation to reflect the secured growth in flexible generation assets, which we estimate to deliver an aggregated portfolio IRRs of circa 10% with the support of capacity market payments."
Citi said that with retail churn continuing to be low and Ofgem consulting to increase bad debt allowance, it continues to see a good balance of risk and reward from the retail division.
The bank said that value creation from new secured only investments, lower risk retail earnings and falling liabilities led it to up the price target.
At 1040 GMT, the shares were up 1.7% at 158.59p.
£2 - ? not before New Year...Depends what Dumb & Dumber do with those shares in chancellery?
Maybe stalled because of Labours plan to create a new British Energy
Stubborn share price still not rising after dividend payment.
The market had a slump on the 4th October. The ftse 100 has risen about 250 points since.
A share buyback or lack of, does not determine the market cap/share price on a day to day basis.
Perhaps Sir,
If you looked at it further than your own nose you might discover that the 1st share buying phase cash ran out on the 4th Oct. And therefore the markets acted accordingly as there was no extensive additional buying on that day. Which of course would depress the share value. Now that the extended buyback phase has started then the share prices has risen back again.
We go back up, not looking back anymore
Recent interim dividends?
"Doing something right?"...recent Dividends zero or crawling to less than 1%...check this against the Board's salary & bonuses
The SP is doing very well, they must be doing something right
The daily shopping lists(RNS) from Dumb & Dumber show NO buys on the 4th Oct - the lowest SP in recent months. Just shows how off-the-ball these Board-Clowns are - they bought virtually every trading-day in past 6-months but miss out on the lowest SP day on 4th Oct. Got to laugh @ this Board-of-Misdirectors, giving no meaningful information this year.
Tomorrow, so usual drop, but then hopefully nice rise up to xmas
OWLS - Thank you
I've put an opinion in just to keep THANGLAN happy !
PERSCAP, I agree about emotion, I have some strict rules which I stick to, it takes emotion out of the game.
Each month I invest in the stock at the top of my momentum list and hold for 12 months then sell.
I bought CNA at the start of January so another 3 months before I sell, I hope my 70% gain doesn't drift away.
Momentum has done me well over time although the last 3 years have been tough.
It was good while it lasted.
PersCap - Amber Drudge buying a 1000 shares from unjust bonus is hardly "a good sign"
& why does no-one set the OPINION box?
Note sure OWLS, that's all emotion-based (joy at being great, anger at perceived manipulation)...best to be keep emotions turned off. Agree most investors are emotional, which I guess is your core point.
Averages aren't often a great measure...see drowned statistician crossing a river which was an average of 3 feet deep....mostly 2inches but 20feet in one spot...also, most brokers/analysts aren't that brilliant, if they were they'd not be researching companies and sitting at a desk writing notes but using their special market-beating talents to...erm...beat the markets and relaxing on a beach someplace.
Fundamentals for CNA, at the moment, look amazing. Free cashflow impressive, evidenced by the share buyback. My analysis could be wrong, but it's what my stops are in place for...can definitely go lower if an ii's rebalancing oversized portfolio from recent increases here...more of a forced sell than weakness. Directors all buying also a good sign. If I get stopped out and it goes lower, will re-evaluate and likely repurchase if nothing fundamental's changed.
Owls...you know me so well
hanging on for £1.95
Hopefully a lot of the profit taking/re balancing of portfolios for the end of quarter is out of the way.