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The dividend is pretty pathetic compared to other FTSE 100 stocks and any profit you make from this stock will only compensate you for your energy bills doubling. How British Gas can 10 bag its profits for H1 at everyone's expense is unpalatable.
Me too
Centrica is still well undervalued on current profitability - share buybacks taking advantage of that.
Excellent
A few, bought at a much lower level - still have plenty left in the game
Flying
132.25p buy
I wonder what the share price of this company would be if it wasn’t for the constant government intervention and the prospect of a Labour government in the near future?
What excellent results. 33% increase in interim dividend (to 1.33p) seems scant reward for LTI, but that reflects the attention given at this time by the regulator and politicians. The buybacks are the icing on the cake. This is the 3rd buyback program (£250m Nov 22, £300m April 23) increasing to £450m, making the total £1bn, the first program started at a share price of 85p and this latest one may well see the share price go past 150p, watch out for analysts re-ratings in the coming days - the market has taken the news well.
P/E is what less than 2?
Balance sheet looks so much better now.
Always a fan of results exceeding expectations 😃 Upwards and onwards……
Mentioned on LBC.
People might sell but the results are stunning - expecting an uplift
Brilliant!
Fantastic set of half year results. Strong balance sheet, strong performance and strong leadership - plus another share buyback!
LongtimeInv - You say CNA paid 83p over 10 yrs, probably?
I've been here since Mrs T started selling me them ...but with NWG I've
been hanging on since since 2004 and divi over last 10 yrs from NWG
has been near 6 times that of CNA.....lately CNA , Ave-Yields = zero or less than 1% vs
NWG above 4.5%....Nice to see that the wokey-picked choice, Alison, the
"lets have a Token, PC, all inclusive, Climate-nerdy, CEO to prove how nice NWG are"
has been binned - perhaps we'll get back to someone getting the job on MERIT.
Someone who understands shareholders are here to make a profit - NOT
to foster the Dim-Board's Big Egos and Grand Illusions.
Selling today....
"CNA is a completely different company now"...Mmmm?
Moved on from Ian, the Cretin, Connt to the over-paid pair, Dumb & Dumber, O'Shakey & Scotty
Worst company I’ve ever had the misfortune to deal with and yet the best performing in my portfolio. Sad sign of the times when bad service pays, so I’ll take the share price increase as a form of compensation for all the hassle I have gone through with them
Th
''Miserable 2p paid on 20th July, making a total of 3p return in past 4yrs''
and about 83p in the last 10 years
Thanglan
Your observation of the dividends (in the past 4 years ) is correct, however, CNA is a completely different company now. With no debt, better management (Conn ran it into the ground) and buoyant commodity prices, the dividend may well exceed NWG (in percentage terms) this year. They paid 12p in both 2016 and 2017, eps for this year are predicted to be 24/30p they will of course be aware of how "obscene" a large payment would look in the current "cost of living" crisis - Banks including NWG will also be wary of this. Further buybacks will almost certainly be announced and these (unlike Lloyds and NWG) have benefitted CNA shareholders by increasing the underlying share price.
Th
''Miserable 2p paid on 20th July, making a total of 3p return in past 4yrs''
A 3p dividend return in the last year along with a large increase in price per share
Miserable 2p paid on 20th July, making a total of 3p return in past 4yrs.
What are Scotty & O'Shakey going to give themselves as undeserved Bonuses?
NWG dividends much more rewarding over same 4yrs.
Holding in hope of dumping CNA when SP => £1.31.
Posted 30/6/23 with shares at 123p
These are due on 27th July (4 weeks). Expecting a decent rise in the interim dividend (perhaps 3p) and a further share buy back program. Also expect analysts to move their sp targets (currently around 130p) significantly higher. CEO has reported in the press today that he expects gas prices to be elevated for quite a while.
The buyback programs have been good for CNA. The first started in November at 85p the second started at 110p in April with recent buybacks above 127p. They have no debt, so high interest rates are a benefit, despite political pressure they will increase the interim dividend, they will have another buyback program, the only downside will be bad debts. Analysts have started to increase target prices to 150p and may go higher with these results.
wise move tfe 😉 these have further to run imho……
i sold my bab**** holding a few months back and then bought them back the following day thinking i’d made a mistake and should be more patient. glad i did in the end 😳
What’s the feeling on what the sp will do on Thursday?