Bad week will be good week for centrica LOL!... My entry point was 72p... although I missed 71p.. Anything below 71p will be a big opportunity to buy for me and will top up more and more.. At current price, 1.5p and 5p dividend still looks very sweet LOL!
"The bad news at the end of the month was inevitable and I sold everything in this share and I have no intention of buying back" You have sold at the lowest price and wrong time. Just like you many investors sold it on the result day. But now its all done. Dividend is now cut more than expected as it was a dividend investment stock, all bad news (internal and external) are already factored in. Moody outlook was also out and even Conn will be gone soon.. There may be few more downward pressure but this should be the end of it.. What more bad news can come out if one can imagine??? Anyway, to me its the best time to buy. If not atleast not the time to sell for other holding investors..
looks like we are now close to bargain price. Although FTSE 100 relegation still exist, investors will consider it be cheap enough for long term investment. We should see a steady rise from here as all the bad news are now priced in. 71p should be the bottom. I hope I am right (mostly)
You need to read the news properly. Con will still be CEO until AGM 2020. There is nothing much horrible on the report. Dividend cut, poor cash flow was already expected and priced in due to regulation and other external factors. Important factor to look upon is - Outlook. They are more positive on H2 and the cash flow will be very strong on 2020. So this should push the share price higher. They have sensibly cut the dividend to 5p. All looking good for Centrica. Now that all getting clear with price cap effect etc, share price should soar.... Will that be by 10% or 20% only market can tell..
Looks like 100p open as they met what HSBC wanted for share price to improve i.e "HSBC says to improve share price, CNA needs to cut dividend, reduce churn in British Gas and reassure that cost cutting would lead to higher margins for 2020"
I take that back. LOL! .. cannot short now as results are due tomorrow plus Utility sector is up by over 1% so far. Perfect day for centrica to close above 92p. And if results are better than expect 100p + , otherwise 80p and below open on Tuesday..
Looks like Conn will be sacked amid profit warning. FTSE 100 relegation seems to be now guaranteed. Conn still hold huge amount of shares so he will have hardly anything to lose. I think it will be 70p open on Tuesday... LOL!
This is now getting very serious... My predictions for the results are Profit warning!, Centrica losing many more customers than expected, dividend will be completely removed, Conn to step down. This will make the share price drop to 20% and below to most likely 62p as others discussed here.. . Unfortunately this will mean, centrica will be relegated to FTSE 350 and share price will suffer badly further. Although I feel sorry for long holders, I am happy with my short position. LOL!
" You need only look at his predictions which are more often than not wrong and the fact that he has frequented boards with consistent drops - VOD, DEB, CNA" LOL... All went down and still falling as I predicted with DEB going bust..
"I'll wager that he doesn't actually hold any shares in anything as he probably got burnt on something in the past so takes pleasure in the fact that others are losing money like he did"
LOL.. I dont take pleasures... I always keep myself happy irrespective of any situation.. It works most of the time for me and I am mostly lucky.