Member Info for Marcus_

Well bought some more in the 470s and today has been a very welcome boost.
Have not seen any news behind today's rise, I can only think this is an adjustment to the oil price going up over the last 5 days when BP's share price fell.

Don't get me wrong this shares performance over the recent years has been pretty awful.
Halving shareholder value in 4 years is poor by any measure.

However, I have to look forwards and think that those losses are reaching an end of the curve. Looking at the financials operating profit has been steady for the last 5 years. EPS dipped but has leveled off.

Current assets in 2019 for the first time in five years were above current liabilities.

So there are positive signs although debt is still an issue.
I have bought at this price and see really value in the current dividend yield and there would still be value if the dividend stays at this level for several years without increasing.

Seems to be in a bit of a lull at the moment. But with the percentage of short positions closing in the last year even the most pessimistic must feel we have reached a low point

Erm I don't think they were.

The 52 week low was back in the summer.
157.68

Surely this is the market equivalent of predicting the weather by looking out of the window??

Conservatives win the election, utilities are then recommended to clients.

Don't get me wrong, there is nothing incorrect about that analysis.
But how much do these people get paid to just provide what most would call common knowledge to the masses.

Predicting the outcome before the election would have been very beneficial and insightful to some, post election it's just telling everyone what they already know.

Still some way to go for me to breakeven.

Well I bought a couple more today.

I have been burnt in the past trying to find the bottom, but 380 seems like a reasonable buy price.
Not looking to make huge gains on this, just something to trade around a small range.

I think the days of 600p are not to be seen for some time.

Not the greatest trading update

The company, which designs, builds and operates oil and gas facilities, reiterated forecasts for its exploration & construction unit (E&C), with revenue around $4.4bn and net margin at the low end of guidance.

"Looking further forward, we continue to expect a decrease in group revenue in 2020 reflecting low new order intake in recent years. We currently have $4bn of secured revenue for 2020, comprising $3.4bn in E&C and $0.6bn in engineering & production services," Petrofac said on Tuesday.

Another few percentage points added to worry the shorters.

Yield is still over 4% at this price.

Not a fantastic market reaction.

It seems that PFC are fairly quiet on the contracts front and so we have had little movement on the SP.
I think the days of 100 - 200p swings over a few months are long gone.

This seems to be the new reality, baring external influences.

Told us what?

I'm not generally a fan of averaging down. For every Glencore there is a Carillion.
I tend to make an investment based on what I am prepared to lose in one stock.

Still a long way back for me, but nice to see blue across the board today for all my holdings.

My thoughts too, hope we can get an election day bounce.

But that 107,000 energy customers is a very specific metric that you are continuing to push. Clearly the drop of 107k energy customers is offset by other divisions increasing total account to 136k.

Also I am not aware of the premium or profit margin on UK energy customers, if the profit margin is say only 2%. But the profit margin on other accounts is 10% then the fall in energy accounts is more than made up for it elsewhere.

Naturally as investors we would like all indicators to be moving in a positive direction.

Debt down
Profit up
more customers across the board
costs cut across the board

But sometime (and especially when you are under performing) you have to pick your battles and if the margins are greater elsewhere it is better for Centrica to focus its energies and investments into growing the more profitable accounts first.

Similar to losing a pound in your pocket but finding a tenner down the back of the sofa when you get home. Overall you are up.

I'm down 45% on my capital investment so a long way back for me, but not as far as others. But I will take the small wins where I can get them.

If the direction of travel has changed then that is a good sign, like any journey I'm not expecting to reach the desired destination 6 months after being told we had walked so far off course that we were not even in the same continent, never mind the same postcode.

That's enough metaphors for one post.

I was hoping for a change in my fortunes as 888 came good last week. But today it has been completely sunk by MPs.

So could really do with the tide turning on pfc to get me back into the black.

Well that sucks.

Only question will be around the amount of time that can be set aside to legislate with brexit dominating all the parliamentary time.

But basically sets these shares back several months.

Another good start to the week, I don't mind the ups and downs as I'm invested till 500p.

Very rare to be in a share that is purely moving in one direction.

The yield is decent and with some stability in UK politics you can see this growing further.

Finally in capital profit as well as income.
Just goes to show shares are a game of patience

A nice eye catching headline, but follows a standard approach.

SP goes up write an article highlighting the good bits about a business
SP goes down write an article about risks to a business

As with all investments there are pro'd and con's.

I'm in this because it has an excellent yield.
If it can keep its debt under control then the prospects for the future are good, but it is a constant risk.

Why the huge drop?

Who knows what nationality the break down of shareholders is??

With funds, pensions and corporate enteties buying and selling, it could be 60% owned by Antigua for all we know.