Member Info for Mulder

Surprised this is dropping and not hitting 15p with gold around $1300

Find it hard to believe not a single director has bought at these prices. Not even the interim CEO. This was 90p not so long ago and profits will still be higher than last year remember. Activists increasing stakes so clearly confident in the future price here. Closed period? Discussions taking place? Probable.

Far colder winter already than last year. Oil price up 30-40% compared to last year Can see EPS being revised upwards A P/E of 10 is far too cheap. Even if EPS dropped to around 10p a P/E of 13 is again low for a utility like Centrica.

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Stakes increased again yesterday.

You should have a look at Saga as well. Massively oversold and strong chance of M&A activity.

Normally a 30% premium is applied to the SP pre-M&A RNS. There is normally a rise pre-RNS though as the city boys get wind of it first. Anything around 80p would get the job done IMO however this was 90p not long ago and not a huge lot has changed.

11:10 53.00p 4,683,293 £2,482,145 Buy

I can confirm my buy earlier today has been recorded as a sell. Rogue market indeed.

Increase stakes again now holding 11% stake

Thought I'd let you know got a speedy response from the new CEO who seems to be on top of things and is addressing issues raised in the RNS.

Increased my holdings. I think the interim CEO will do a good job. Analysis of the last few holdings RNS shows most hedge funds are increasing stakes here. Takeover?

Shell investing in this sector at this time shows confidence they can make good money here and fears over the cap etc. are overblown.

I was recently involved with Spire which received a bid after languishing for a few weeks in a very tight range [220-226p] similar to this. It was also massively oversold with an RSI around 16 so not quite to this extent (RSI 11). We did not get a single RNS leading up to the offer [315p] can you believe so the question remains who was selling and why no holdings RNS? Henderson alone could not have caused such a big drop; >33% now. Note: even at Spire the CEO (alone) did buy shares a few days prior to the RNS offer

16:10 53.75p 1,000,000 £537,500 Sell 11:22 53.75p 500,000 £268,750 Sell 16:40 53.59p 200,000 £107,181 Buy 10:36 53.50p 100,000 £53,500 Sell 11:03 54.00p 75,000 £40,500 Buy 10:00 54.25p 56,000 £30,380 Buy 14:48 54.00p 50,000 £27,000 Buy 13:38 54.00p 50,000 £27,000 Buy

Who's next??? https://www.theguardian.com/business/2017/dec/21/shell-to-supply-energy-to-uk-households-after-takeover-of-first-utility Shell to supply energy to UK households after takeover of First Utility Move by Anglo-Dutch oil firm expected to shake up market whose competitiveness has been under intense political scrutiny

Surprised you got a response. You must hold a few million here? What's his email address?

There is a remarkable similarity here to what happened at Spire recently. Where are the holdings RNS? Only one so far despite the mass selling shown by the ultra low RSI. A couple of director buys only. The SP is at an all time low. 185p only a couple of weeks ago.

As for the CEO leaving he seems to move around quite often and his pay packet is probably double what he is getting here.

A current valuation of 8x earnings is far too low. A fairer P/E of 15 puts the SP at 90p+ and more in line with the 100p reiterated yesterday.