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Walkersworld
Don't be too hasty with this. The dividend (is disappointing) is being kept low to deter political and media comment. The value for shareholders is being delivered by the buybacks with the total now standing at £1bn. By my reckoning there remains £550k in the buyback pot. They started in November 2022 at circa 85p, the shares touched 140p today so there remains plenty of buybacks in the coming weeks and months to drive the share price higher and the dividends will increase over time, with no debt and higher interest rates to further enhance the sp.
Augusts, I have been in and out of Cna for more years than I care to mention, the last couple of years have been dire, looking for an exit price of £1.46 which will give me a nice little profit.
As the UK moves towards energy independence, they'll be a massive role for Centrica. Imo the next few months will see more announcements from Centrica on this - I'm holding on this basis.
Finally in profit here, not including dividends, I am looking for an exit point now as I don’t trust the government not to meddle in this Company. and the dividend is disappointingly low.
On 28 July 2023, Citigroup upped it's price target for centrica to £1.55 with more upside potential.
[LINK REMOVED]
Https://petition.parliament.uk/petitions/636051
Help more investors engage with UK plcs by modernising the Companies Act: Give beneficial shareholders the right to direct info on plcs they invest in & plcs the right to visibility of who their shareholders are, make email a requirement to shareholding registration, & recognise digital AGMs.
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Outdated legislation stops shareholder voices being heard. Almost half of individual shareholders can’t directly engage with the company they invest in, as they invest via platforms, the rest are constrained by a paper-based system. At the same time, companies are losing sight of who their investors are. Digital first reform will be better for shareholders, better for business and ultimately, better for Britain – making the UK a more attractive place to invest and to list.
Having recently re-invested in Centrica I am now somewhat concerned that "Simply Wall Street" is suggesting an imminent decline in receipts starting soon and will continue for several years. To me this seems to contradict the pleasant current upward trend. But what do I know? I got a few employee-related shares when BGC was privatized by Thatcher years ago. Any thoughts for a Brit expat from ya'all on this Chat Board?
Well said MPO818
On the back of recent results, and new analysts price targets, coupled with the current and next share buy back program there appears no stopping this share price rise. LTH have suffered for a number of years and deserve to enjoy the ride back to respectability.
Currently at about a 4 and half year high - long may the upward momentum continue.
The pe of this share is so about 2! Time for a shift towards 210, held these for 10 years and want to get rid once they go over 200. Share buybacks are great, but a better divi would be more appreciated. These profits won't last forever.
Or we could have seen more energy company failures?
Or customers of failed energy firms might not have been transferred to solvent energy firms with no interruption to supply?
Low income, struggling energy customers are supported by centrica.
Profits are needed for many reasons.
Not what socialists want to hear though.
You have to question the role of the Regulator and why they raised the price cap , enabling suppliers to recover lost profits from Covid, at the expense of customers higher bills !!!
It shows that the Regulator is there for the Suppliers and NOT for Customers.
BNP Paribas Exane outperform tgt Px 210
ForensicBloo
"I suppose the alternative to a well run, profit generating business, is a business that goes bust."
or
A Nationalised Industry - that quickly becomes a broken bottomless pit (NHS). Perhaps if OFGEN (government appointed) had done the appropriate due diligence on the financial adequacy of the bankrupt suppliers it granted licences to Joe Public would not be paying for the losses they created.
Starmer has gone public with his "Great British Energy Company" lets see how that goes.
TR
''A pre-tax loss of £1.18 Billion''
was you calling on help for Centrica from taxpayers when making that loss , and after taking on customers of suppliers that went bust?
The greater the profit, the greater the tax take for the government to help recoup some monies spent on households supporting them with energy costs. Like a full circle isn't it.
This has got to be one of the most glaring short opportunities going. Whilst households have been squeezed on gas and electricity prices and pulled from pillar to post todays profit numbers from Centrica are stink of just blatant profiteering. A pre-tax loss of £1.18 Billion turned into a £6.42 billion pre-tax profit. Beyond reprehensible. Next price cap decision will see a big drop as energy prices feed into CPI figures. You just cannot defend these numbers.
I suppose the alternative to a well run, profit generating business, is a business that goes bust.
Perhaps some people would prefer cna to go the same way as many other energy providers that went bust not so long ago.
Jeez!!
Nts
''How British Gas can 10 bag its profits for H1 at everyone's expense is unpalatable''
I get sick and tired of certain sectors of the population thinking that profits is a dirty word ,and that such profits should be taken from shareholders who have risked an investment and given away as if the company is a charity. We are supposed to be a free market economy. I hate to think what Labour would do with extracting profits from business if the population were stupid enough to vote them in.
Long term investors I am sure have found it unpalatable to see Centrica shares plummet from near £4 in 2013 to the lows of a few years ago. I didn't hear calls for the public to pay shareholders money to compensate.
The real bugger is I sold 180,000 of these at 43p making a £180,000 loss. As they say, patience is a virtue which I obviously don’t have 😢
Hahahahahhahahaahahah
Should I stay or should I go? Decisions decisions
Nicktheshred
"How British Gas can 10 bag its profits for H1 at everyone's expense is unpalatable."
You sound like a politician or a failed OFGEM regulator.