The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Following the above purchase, Centrica plc holds 538,891,647 ordinary shares in treasury, and has 5,368,954,491 ordinary shares in issue (excluding treasury shares).
I still question the reason why the shares are being held in Treasury and my email to Investor relations still hasn't been answered. Good Divi though as it covers one quarter of my BG energy bill of 4K pa.
Share buyback continues until July 2024 - no new buy backs announced. Rather disappointing, expect sideways trading for the shares.
The market knows the share price is undervalued by approximately 50%
Ah I thought it was a new one since they highlighted it. Still a 30% div increase isn't too bad and glad to be wrong about the drop in share. Saw the early news punting the negative headline but seems market didn't care.
What a great job the CEO has done.
Total liabilities down by 10Bn!
Existing one continues until july well after interms. I expect we will learn more at this stage whether they will continue. My money is on them continuing unless future trading expectations decline which i am not expecting them to for the foreseeable future
So eqrnings better than expected, increased dividend as predictwd, fcf has improved, share buybacks continue until july.
They didnt say anything about a new share buy back
Results look decent, actually considering energy pricing has been dropping last year. Div increasing by 33% over 2022 and then the dreaded buy back. I don't mind them as lth, it means we should keep an increased share price as energy prices tumble but I guess others aren't so hot on them. Although media seems not so impressed so I expect a drop in share price today.
Great resulys sp will increase today imv
All anyone will care about is how much the dividend is increased or buybacks ..as long as the results are in line with the lower expectations...
Thanks @Jindy for your posting but the article says "is expected to report a dip in full-year profit". This shouldn't come as a surprise. This expected decline in profit was reported last financial year and again during the interims over 6 months ago. Its prudent to point out that total 2022 Group Operating profit excluding Spirit Energy disposed assets was 2.8B. Despite the bleak news proactiveinvestors portrays Spirit Energy managed to triple profits to £245m during the 2022 which contributed to parent firm Centrica's record takings.
Also it seems a lot on here only attribute the British Gas brand when they invest in Centrica. As per the proactive arcticle:
"AJ Bell noted it may be Centrica’s array of other businesses which are worth keeping an eye on.
This includes “its oil and gas exploration and production operations in the North Sea, stakes in British nuclear power plants, energy trading, renewable power generation, energy storage and onsite energy generation via solar cells and heat pumps”.
Such presence in the wholesale market has enabled the firm to withstand pressures from the rapid jump in energy prices better than rivals, the analysts added."
Lets see what tomorrows actual news on 2023 results brings rather than try and predict what it might be. I for one am half glass full. Best of luck for your investment here
Government forced to step down on gas boiler install tax, the heat pumps are not working in many cases, cost many multiples of the prices for a full install for conversion and not suitable for vast majority of exiting housing stock without ridiculous secondary work (if at all), besides there isn't the electrical energy infrastructure (either generation or distribution) to even support a mass rollout. In regards technicals completely changes the medium and longer term financials as the penny drops there is going to be no sudden switchover to electric only, penny dropping with EV's as well, many chasing the benefit and kind tax breaks don't want them a second time around, regardless of the savings.
Meanwhile Germany announcing gas power plant expansion deal this week, a realisation that without an energy supply they won't have a manufacturing sector left.
Goldman Sachs cuts Centrica price target to 195 (206) pence - 'buy'
Goldman Sachs removes Centrica from 'conviction buy list' - 'buy'
Hey Tep1, it’s just banter, soz i thought you were a bafoon, trying to ramp it up.
I like CNA, don’t get me wrong, these buy backs are a distraction to real price value,, I think cold season is now here and will be done in 2 weeks.
About 1.25p during the summer months
Good Luck
Haha. Your talk is cheap just like the undervalued share price
Tep1, you are a pleb,
CNA now getting nearer 1.35 as I said 2 weeks ago,.
Daily mail article states some companies could be a target for a bid.
Could the large UT an the finish suggests this was brought down to accommodate a purchase
Joe Biden’s decision to freeze liquified natural gas exports has been branded a “national security disaster”, by a leading economist.
The move could cause a price hike in Europe after the White House announced it is pausing approvals of pending applications to countries with which the US does not have free trade agreements.
Yes, I can see that as a scenario. But given that forward spreads are now where they were when centrica closed rough and outright prices are lower I'm not ruling out this going into 120 territory. I hope I'm wrong as I will have bought in at low 1. 30s! Good luck all!
MM's clearing out weak hands before the results
Anyone have any technicals experience? Have we just seen a head and shoulder?