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.
Started: Miffed, 14 Jun 2024 09:11
Last post: tep1, 15 Jun 2024 11:05
There was one declared by Marshall Wace who have been reducing their exposure of late.
Market rejected 1.29 for now, hopefully that was the bottom and the beginning of a steady climb to 140s
There's no significant short positions declared on CNA
11.86M shares bought at 12.04 yesterday for 131.60p. Are they closing shorts or someone topping up?
At least the BB will be cheaper. 1.27 incoming then 1.24. After that anyones guess.
Started: Charlief, 8 Jun 2024 09:13
Last post: thanglan, 13 Jun 2024 12:24
Charlief...hindsight says we all should have sold @ £1.45
Where is this one heading over the next month? I sold some at 145p and wondering when the right time to re-buy is going to be
Started: RWP53, 5 Jun 2024 17:13
Last post: Kiwitwo, 12 Jun 2024 16:58
All oil and gas company’s who have their head quarters are in uk should cut their losses before a new government comes in and move to a better country which gives better tax options,so no more 75% + tax
"WTF?...What planet do you live on?"
alright mystic meg calm down
RWP53 says
...." the windfall taxes under a Labour government shouldn’t be so severe. "...Mmmm?
WTF?...What planet do you live on?
Labour-->...more Taxing-->...only one way-->...UP
Fair point but this is a Centrica board
'' Always look on the bright side or you would cry about this share price!''
There would be more than the share price of Centrica for investors to be concerned about with a Socialist UK government.
Started: THEOLDMOOT, 12 Jun 2024 10:35
Last post: THEOLDMOOT, 12 Jun 2024 10:35
Sea of blue today and this is red......again, not looking great here at all
Started: Miffed, 25 May 2024 10:19
Last post: thanglan, 3 Jun 2024 13:04
Posh-Boy, Keir, afraid to talk about his posh-boy background or as a grossly overpaid lawyer got us Tax-Payers to fund him & his illegal(?) immigrants to get massive benefits paid for out of our 4king taxes. The lefty-tawt will do the same again
Starmer up this morning talking about labour's plans for GB Energy. He mentioned change several times but GB Energy once.
They have absolutely no idea how this would work, it's just more soundbite clap trap for the gullible.
With a fund of £8+ billion given to who? More government appointed experts playing around with our money funded by an addition to the existing windfall tax that we, as shareholders already pay.
GB energy ‘would not generate energy itself, but would invest public money in projects like offshore wind farms and solar panels - which the party says would help secure domestic supplies and cut bills for consumers for up to £300 per consumer.
Greencoat… UKWG already does that, with a market cap of over £3 billion (nearly half of labours investment) has their contribution made any difference to domestic utilities charges?.... No.
Labour are kidding peeps that this will enable the UK to hit its target to deliver a net zero carbon electricity system by 2030. 😂
‘At the same time, Labour says it would not issue new licences for oil and gas projects, which are largely based in Scotland’ where incidentally the new GB energy headquarters will be based
I think the unions would be quite vocal on that.
After Conn's disastrous handling of centrica and his exit in 2020 I've made a few bob here. Was hoping for 170p here before labour messed it all up. However, having already sold most of my CNA shares, it might be prudent to exit altogether, but my remaining shares don't owe me anything.
Good luck, whatever you decide.
I shall wait till after ex div date to receive dividends and if price is dropping towards £1.30 I may well sell and buy back in after July 4th if the price has dropped towards £1
The worrying signs are coming ! Labour doesn't want energy companies to make to much profit so Taxing them will be there first objective to redistribute the wealth ..All I can see cna going south from now on if the polls are to be believed. After a very slow and slight recovery ...IMO back down to 70-90 p Labour government.
Started: Deltamachine, 24 May 2024 15:36
Last post: TerryM1, 24 May 2024 20:37
DEBS1
I apricated you polite reply, for me it is not about envy but fairness.
I have long retired so what Rishi does is irrelevant to my employment prospects. However using his position to get rid of UK workers so he could bring in his family company to make even more money seem unfair, especially if you are one of the people out of a job. Also he made a lot of money on his Moderna shares while paying them lots of public money but kept it quite saying nothing to do with him and will not disclose how much he made, does not seem fair to me.
Kier Stammer special tax unregistered pension scheme which circumvent the life time allowance rule seems particular unfair when he states everyone else but him must obey this rule.
It is not envy but the complete unfairness and hypocrisy that gets me when this pair which are trying to become our next PM while throwing mud around at other people. Not a great Boris fan and don't want him as PM but he is saint compared to these two.
Hi Terry yes I appreciate your views and what you remember about people and their family but it does sound like a touch of envy - some families have more than others - I am at the very lower end but I look after my own affairs have a pension from work and enjoy my garden and allotment. If it is made honestly and through hard work - they deserve it. Take care and good luck with our investment in CNA - I hope it adds to your and your families health wealth and wellbeing. That's why we invest? DEB's
“I feel Rishi Sunak is a good bloke and has worked hard for the country”
Do not agree with this he worked hard for himself, he stabbed Boris in the back who took him from nowhere to become Chancellor, lost to Liz Trust but somehow managed to manoeuvre his way to PM without a vote by the party members as in the rules (could not risk losing twice).
Supported the vaccine while making a fortune from Moderna shares through a hedge fund where he was co-founder and kept this very quite.
Then look at Infosys, his family company (once denied he had heard of Infosys on a Sky interview) which has gained a lot of large new government contacts while he has been PM. Gave grants to Indian IT people to come to the UK, made visa easier for Indian IT people as part of trade agreement all benefitting Infosys. Changed the IR35 rules to make it almost impossible to employ UK IT freelances clearing the path for more work for Infosys. Liz Truss changed these back but first thing he did as PM was revert to the rules he put in.
All perhaps a coincidence but has made the Sunak family a lot richer.
In balance look a Kier Stammer, got a special tax unregistered pension scheme when he stood down as Director of Public Prosecutions in 2013. This means he is exempt for pension lifetime allowance while criticising the removal of the life time allowance for everyone else stating he will put it back but of course he is exempt. We are all equal but some are more equal than others.
Although I think the Conservatives are useless and done a poor job I am dreading a Labour government and what it will do to the UK and my shares especially utilities like CNA and O&G with have substantial holding in the UK.
You are correct delta mach. We will be scuppered. I feel Rishi Sunak is a good bloke and has worked hard for the country. What he inherited was a mess (understatement!) Labour will open the drawers and hand out dosh to their cronies the NUWT thugs, rail drivers etc, they left the country bankrupt last time and they will do it again. Then of course the far left with Diane About and Jeremy Corsit will start to think they can have their influence. We will be stuffed! No business plan no environmental plan no transport plan - except pay the drivers what they ask for, no food security plan etc etc. My second fear is the right wing of the conservative party - Reece Mogul, Suella what's her name. As bad as the Corbynites.
Doomed, scuppered or stuffed - a middle of the conservative me - help yourself and look after the others and hate the corrupt left and right who only look out for themselves. Come on Sunak fight your corner for us all.
Their tax position.
Last post: TheFarEnd, 15 May 2024 18:51
Proactive Investors - Lower wholesale gas prices have taken a toll on the share price of British Gas owner Centrica (LON:CNA), but Barclays (LON:BARC) is predicting a revival even if it has cut its target.
Centrica has been one of the SX6P's [utility sector] poorer performers year-to-date notes the bank but a gas price recovery, EPS resilience, clarity on investments and buyback extension all point to that changing, says the bank.
"We see the potential for a share price recovery based on the following four themes: Gas prices are back to the levels at the start of the year, a modest current ex-cash earnings rating of 4.3 times and the prospect of a further buyback extension".
Earnings forecasts for 2024 and 2024 have been lowered along with the share price target to 190p (205p), but Barclays adds that represents 40% upside potential on the current market price.
'Overweight' is the investment rating.
Shares rose 3.3% to 144p.
This must be good for 170p plus again, minimum.
Started: Elllltelinv, 15 May 2024 08:21
Last post: Elllltelinv, 15 May 2024 08:21
X dividend late May so buying beforehand.
Good yield.
Started: Deltamachine, 14 May 2024 09:22
Last post: Deltamachine, 14 May 2024 09:22
So the price has managed to break the 125 to 135 level so I will provide my thought. Gas prices have stabalized with foward summer months in the low 70s and winter in the 90s, next summer also at good levels. This helps their equity hedging. We are closing in on the 200day moving average which will hopefully be met. Fair value for me is around £8bn which implies a sp of high 140s. Risk remains especially if commodity prices fall. Good luck to all holders.
Started: Kiwitwo, 10 May 2024 15:45
Last post: Vat69, 10 May 2024 20:46
Yes someone please explain what all that gobbledygook is about!
Can anyone put this into layman terms please ?
Started: DJEPSON, 30 Apr 2024 12:09
Last post: thanglan, 7 May 2024 17:02
Looking good for SP increase tomorrow - last 4 mins before 4.30pm today, hundred of AT( Auto-Ex) buying shares above 131p by the MM-pigs - Is this SP on the up this week?
Weak buy?
Is this because they haven’t destroyed the shares but have kept them in trust? I am not sure just a wild guess
So Centrica has spent around around £280M on share buybacks and the share price has gone no-where what is the point why not just increase the divi
Started: tep1, 11 Apr 2024 14:24
Last post: tep1, 11 Apr 2024 14:24
Started: tep1, 7 Apr 2024 16:12
Last post: tep1, 7 Apr 2024 16:12
Shareholder|Report date|Holding|Change|% Held
The Vanguard Group, Inc.|Mar 5, 2024|189.1m|1.1m|3.54
BlackRock Institutional Trust Company|Mar 14, 2024|141.5m|425.0k|2.65
Columbia Threadneedle Investments (UK)|Mar 5, 2024|137.0m|-73.2m|2.56
Redwheel|Mar 5, 2024|126.3m|-4.7m|2.36
Jupiter Asset Management Ltd.|Mar 5, 2024|116.7m|172.6k|2.18
Acadian Asset Management LLC|Mar 14, 2024|98.1m|4.6m|1.83
Norges Bank Investment Management (NBIM)|Mar 14, 2024|84.1m|-859.3k|1.57
8 million pay packet for the person in charge announced and shares up 2.5p .
Started: Deltamachine, 22 Mar 2024 14:26
Last post: Deltamachine, 22 Mar 2024 14:26
Cheers Fatprofits, you have my current view, plus lots of good debate with Tep raised some interesting points re value of the company. Will post when my view changes or if asked a direct question. Best regards.
Started: fatprofits, 21 Mar 2024 16:14
Last post: fatprofits, 21 Mar 2024 16:14
Keep posting.
Started: Deltamachine, 28 Feb 2024 07:24
Last post: Deltamachine, 20 Mar 2024 10:47
Oh, final comment, I can see that my posts, while trying to be I formative with openness and honesty can cause a trigger of emotion as a reaction. I will therefore not be posting anymore on this board. I will keep an eye on it and if anyone wants my view just ask. Good luck to all CNA holders.
Ps. Just went long at a tad over 127. Like i said think this will range trade from mid 120s to mid 130s. I'm just annoyed I didn't go long at the end of the retracement. Falling gas prices at the time put me off.
Tep, I not a shorter, my weakness is that I hate shorting. My portfolio is always long, I was looking to buy at 142 but realised that a head and shoulders had formed. I don't do technicals but one thing I have learned is that I never ignore a head and shoulders or inverse head a shoulders pattern. If you google it it's one of the most reliable indicators. I got out of my short for small beer. Like I said in an earlier post the retracement from the head and shoulders is complete so this share can now stabilise and hopefully move up. Investing / trading is about timing an entry. I have longed this share many times over the past 2 years and shorted it once for small beer. I wish everyone who longs far more luck, than those who short.
No surprise I could tell you were shorter. Most have the usual signs of uninformed negative sentiment ignoring value even if it smacked them in the face. For example "Having sold their oil portfolio it makes it even less attractive. " And that is just more nonsense I'm afraid to mention. CNA have already outlined their strategy on this point in line with an industry trend (SSE are doing the same) to move to greener energy upstream.
"In line with our strategy to decarbonise the portfolio and reduce our exposure to oil and gas production, we have committed not to explore for new hydrocarbon reserves, instead focusing on ensuring we can fund our decommissioning liabilities while pursuing opportunities to leverage existing infrastructure to promo energy security and help the UK on its path to net zero."
But they continue to hold oil in storage and they reported 45M barrels of stock during 2023 annual report. If you want to trade oil my advice would be trade Shell/BP like I currently doing quite well on also.
All the best with your cash holding and I hope you've beaten the inflation target for the financial year plus some. Its been a great interaction as it has helped me to reinforce my view of value at these levels for a long term investment.
Tep, not in CNA at the moment. My last play was a short when I saw the head and shoulders. As far as a takeover I can't see it. SSE sold its retail book as little value long term. Assets are what companies value and customers who can leave at any moment are not that appealing. Having sold their oil portfolio it makes it even less attractive. But never say never as a big stack of cash is a pleasing thing to own.
I've seen it too many times before. They bring the share price down intentionally so share holders will bite the hands off any bidder proposing a miserly undervalued offer.
Fridays daily mail states several uk firms are takeover targets including centrica. I live in hope this is true.
Started: Deltamachine, 27 Feb 2024 10:16
Last post: tep1, 27 Feb 2024 21:28
Some stats for you in the meantime:
https://www.uswitch.com/gas-electricity/studies/energy-statistics/
Yeah saw that. but there are 2 trades of that amount. Do you think that is a buy sell?
I'm still Holding for the ride, after more than 30yrs....could get a little bumpy?
Beware the MM-pigs; more than 4000 Auto-Trades today - one trade of 34,799,000 shares swop @ 11.43am before noon today @ below Bid-price? But NOT reported here until after 5pm, odd? - Along with other millions traded after 4.30pm?
Perhaps I've been a little hard on O'Shakey..... seems that lad has little control of SP ATM?
CNA has never had this net cash balance- my memory goes back a bit.
Yes they have disposed of assets to help achieve this.
He is no conn. The first time I heard the conn man speak at an internal conference my colleague and I looked at each other in disbelief. It takes a while for all CEOs of centrica to realise that the value is in buying assets when cheap and waiting for the up cycle. This share only rallies when commodity prices rally. Core business is relatively static.
Started: RWP53, 21 Feb 2024 09:48
Last post: thanglan, 24 Feb 2024 15:33
Tep1 muses " @thanglan - I am not sure of your reasons for investing here ..."....?...could not have put it better. Well, I got my 1st tranche of Brit-Gas shares off Mrs M. T...seems half a life time ago...by God, it almost is...and I've played(buy/sell) them ever since. My selfish reasons for being here are to make money....loads-a, loads-a, loads-a money...as Harry Enfield might say. Is their any other reason? I keep asking - POSTERS - why not use the Opinion Box?
Quoted
“German humour is no laughing matter.”
Mark Twain
@thanglan - I am not sure of your reasons for investing here but its a safe bet long term than trading daily share price movements. As you say its hard to pick the top and bottom. I don't think bankboy would be buying in even at suppressed share price levels unless he felt it would achieve another meteoric rise in share price. Yes the derivatives market contributes to the market gambling attitude and the casino of the city is all about short term money making. They have clients to please. But they will be back with the same attitude year on year to make more money. Similarly I bought into this stock at 35p and I have sold and rebought again along the way when I learn more of the future prospects of the company. I never intend to get bottom or top and very rarely achieve that. In principle its no different though.
This stock is currently trading above its book value. What it suggests is the market values the company higher than what is stated on its balance sheet. Investors believe that the company's future earnings, growth potential, brand value, market share, or other intangible assets contribute significantly to its overall worth. These factors are not reflected in the book value, which mainly includes tangible assets and liabilities only. Its often seen as having strong fundamentals and growth prospects, attracting investors seeking future potential rather than current asset value. Fundamentals for dividend income look very strong. All the major brokers have reiterated a share price at least another 25%-50% above these levels.
Also have a read of what JP Morgan said yesterday. Good luck with your investment
Bankboy, says- "Stop blaming hedge funds - they are trying to create Market Maker's Price. "
But we need someone to Blame & I find the MM-pigs are the BULL on the Dart-Board-of-Blame. As you point out the MM-rats are "creating" the SP daily/hourly. And obviously, to THEIR Long-Term gain. We, the small punters, LTH(long-time-holders) are merely flotsam drifting on a Rough-Ruff-sea-of-shares....Who can I blame?. Less than 6months ago, they have allowed(forced?) the SP down from a magnificent £1.72, with delusions (mine) of £2 in the offing, to a sad £1.29 yesterday.
Certainly I'm happy to blame the MM-pigs, as we see it in their waves of Auto-Trades...many thousands each day.
After 40yrs I have failed, on many occasions, to JUMP-OFF @ a high, or JUMP-IN @ the Lowest SP.
I have started to confide with the Grand-Kids, well, it is their inheretance I'm gambling with. 2 have advised - get out of CNA @ 160p; 2 have advised stick it out to £2; another says stick with BP, GSK, HE1, HNL....WTF???
Thanks for that, I appreciate your time .
No, my point is large funds will top slice and take profits each day along the way, so investors who got in at 75p, 100p, 125p etc will always look to sell into the rise and buy back in as it drifts as we all know things don’t just go up and keep going up, hence why it’s called a market.
Hoping the trough is around the 125p level, though hoping to trade in and out a few times before then.
Good luck - dyor
Started: Deltamachine, 23 Feb 2024 10:21
Last post: Deltamachine, 23 Feb 2024 10:21
Live UK gas prices can be found on ice. Just Google ice nbp data.
Started: Deltamachine, 20 Feb 2024 07:54
Last post: tep1, 22 Feb 2024 23:36
Change your graph to 5 year GBP/therm follows the same trend. https://www.statista.com/statistics/1174560/average-monthly-gas-prices-uk/ Pricing forecast remains the same for the UK.
As mentioned previously, the share price looks to be in the process of a partial unwind, following the huge % gain from March 2020.
Provided CNA do nothing stupid with their cash balances,
the business looks in decent shape.
Https://tradingeconomics.com/commodity/eu-natural-gas
This is the price I follow.
Just to name a few talking points to consider when qualifying your argument:
- Gas prices declined from their high since August 2022.
- The energy price cap set by ofgem in that period: https://heatable.co.uk/boiler-advice/history-of-ofgems-energy-price-cap
- And current price cap: https://www.ofgem.gov.uk/energy-price-cap
- Forecast of price cap: https://moneyweek.com/personal-finance/605440/will-energy-prices-go-down
- In terms of wholesale gas prices: US IEA say the natural gas spot price is expected to average higher in 2024 and 2025 than in 2023 but will stabilise.
- British Gas retail residential remained broadly flat but small business customers have increased by 15% year on year.
- The average forecast of 800M sustainable operating profit quoted for Retail and Optimisation excludes Infrastructure.
This post may be more reasonable than it appears - although I can't comment on the CNA valuation.
However, gas prices are cratering (at least for now).
Started: Shabz83, 15 Feb 2024 07:59
Last post: bankboy, 20 Feb 2024 21:45
Hey Teppi
Funds over last weeks, will have been reducing holdings on a short term strategies etc
So - good chance of L& G , Threadneedle etc , top slicing out of positions at 75p etc
Tep1,
It’s just a market, investors long or short look to their own ideas , strats , maths etc.
Stop blaming hedge funds - they are trying to create Market Price.
Only 2 weeks ago, a ramper on here talked about 160’s price, when CNA were trading at 145.
Keep it tight
Yes thats kind of pathetic, absolute 0 reasons to sell this share
Marshall Wace LLP. What amuses me mostly is their lackies' attempt to create negativity in the hope they ward off investors and clear out weak hands.
Every day Centrica buyback is nearly 1.5 million shares. can't understand who is the idiot selling this share
Started: fatprofits, 16 Feb 2024 01:35
Last post: fatprofits, 19 Feb 2024 22:18
The anawer appears to be Yes
So CNA experienced an approximate 400% share price increase from the 2020 COVID plunge lowpoint, the share price is Still Up over 30% over 1 year.
Will Thursday's results reverse the more recent SP declines..not sure on that one.
Started: Gasman6982, 19 Feb 2024 16:48
Last post: SS17, 19 Feb 2024 18:02
Solid business with no debts generating good profit and giving dividend, what else need from a utility company? I’m happy to top up at this level .
Dyor
"We see scope for further cash return through share buyback, supported by further improvements that we anticipate in Centrica's net cash position to over £3.0bn by FY24," said Citi.
Citi also noted that market participants' main concern was on its underlying net cash position. However, it highlighted that these concerns were potentially "misplaced", as it said any adjustment for customer money should also be accompanied by receivables owed to Centrica - a net addition to the cash position.
More from Jefferies here:
https://www.proactiveinvestors.co.uk/companies/news/1036507/centrica-gets-downgrade-as-jefferies-suggests-peak-reached-1036507.html
But note they have raised SSE to a buy rating. SSE trades at 10 times future earnings whereas CNA only 4. I'll let you make of that what you will
How come a massive drop one broker saying a buy the other hold.