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Certainly took place today - with a high traded volume
Centrica has received a rare 'sell 'recommendation, with analysts at Liberum arguing that all the good news and recent self-improvement are now in the price.
Shares in the British Gas owner have rallied 75% year-to-date fuelled by increased buybacks and dividend growth, but that now looks like it has been overdone, says the broker.
“On balance, we believe Centrica’s current valuation reflects an overly optimistic view of the company’s long-term cash return and investment plans, as market normalisation leads to a declining EPS profile (minus 32% CAGR 2023-27).
“We therefore believe the current share price represents a compelling opportunity for investors to take profits,”
'Sell' is the verdict with a 150p target price.
I think selling 2938 of my 12,938 shares @ £1.7256 on 19th September was a good move; it'll be a much slower rise (to £2+ ?) from here.
27th - 4% drop in sp before 9am; more than 3000 auto-trades before 9.30am
mm-pigs are profit taking & pinning the sp down.
o'shakey & scott, dumb & dumber, are going to have to do something with the shares in chancery soon - see the daily rns shopping-lists of the two widow-t****eys - 300 or more over recent months.
hold and ride the bigger dipper with a wry-smile...& hope the clowns on the board don't fiu
One analyst, Liberian, said share is oversold and to take profits. Other analysts inc JP Morgan forecasts 190. I think the share goes up with the general market sentiment so as long as the FTSE is going up, CNA will hold its position.
Censorship madness- Even the pantomime Widow-Tw- a -n-keys get '*" out?
Healthy to retrace before climbing to 200p +
Hopefulkybwill drop some more so i can fill my buy order.
Breaking: with share price just under 3 times earnings Liberum indicate a sell rating with poor reasoning or context. I look forward to their change in view next week when they have loaded up.
I concur tep1. There's always an agenda with these brokers. I bought more this morning.
Utter crooks. It's so easy for these 'experts' to manipulate. It's an absolute fcckin disgrace and it needs to be tackling once and for all.
It's nothing more than pure theft.
Mk
''manipulate''
''It's nothing more than pure theft.''
there is no manipulation or theft - analysts at Liberum have given an opinion . There have been different opinions expressed. It is the holders of shares and potential new investors who decide what opinion if any from a third party they wish to agree with and then take appropriate action.
Some investors would agree with an analysis ,that would support much higher share price projections coming from other sources, and so will be purchasing shares.
Total manipulation hence all the very large buys after hours.soon to reinstate the divi me thinks.a hold for me .
Reinstate the divi?
I thought it was going ex-div on 4th October...
LM
XD's are on a Thursday. The interim divi is for 1.33p
Longtime - my opinion doesn't destroy a share price sunshine. Understand?
Ex-date is 5 October, paid 16th November. Was going to sell given price action but checked fundamentals and drop makes no sense bar technicals showing overbought. So seems a healthy pullback. Trailing 12 month operating profits are £7.321bn for a market cap of £8.68bn and net cash position of £2.8bn. Seems a no-brainer to hold/buy more...broker note senseless too so can only wonder if it's an attempt to trigger a drop given over-heated technicals and their own unknown agenda. Plus the recent CNA deals just add to the positives.
End of quarter tomorrow
When the share price goes up it's because we are fantastic investors. When it goes down it's because of crooked market manipulation.
Average target price of 15 brokers as 175p and these tend to be optimistic.
Hopefully a lot of the profit taking/re balancing of portfolios for the end of quarter is out of the way.
Owls...you know me so well
hanging on for £1.95
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.
PersCap - Amber Drudge buying a 1000 shares from unjust bonus is hardly "a good sign"
& why does no-one set the OPINION box?
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.