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That’s a good position to be on with a sharesave, a no brainier fir you, good luck I hope they recover for you too. I can wait and probably will, I read that they could be broken up and sold off which would be better value and better leadership could turn things around etc. I think it’s a once in a life time chance for us just bad timing but would have preferred not to have inherited earlier for obvious reasons. There must be someone out there who can return value here???
Well we always need money, but we didn’t have them a few weeks ago so waiting 2-4 years isn’t a problem. I have a job and so does my sister. It just seems that they are poor now but potentially could be worth double then that really is life changing for us
You have a strategy that seems logical and is good advice, we are complete novices and want to just get a good price to pay off student debt etc. This is life changing for us if we could get a better price even waiting a few years
Yes we still have them, only received them a few weeks ago and was quite a surprise. I don’t want to sell at this price if they can recover. It could be life changing for us if they recover to half what they were once
Thanks gents, you both have good advice and maybe selling half maybe the way to go, I maybe naive but it just strikes me that surely there must be more value here but the comments about BP and Shell are well made. I think I shall wait until Friday at least, thanks once again
Thanks Helx and oliverthe hardy,
The reason I am asking these questions somewhat discreetly is my sister and I have recently inherited a large amount of Centrica shares 80,000 + my grandad worked for British Gas at privatisation and tool part in every share scheme and never sold a share, he even reinvested the dividends.
I have done a fair bit of research into Centrica and I have recently left University as a newly qualified Mechanical Engineer.
I know little of stock markets and we have taken financial advice and it’s 50:50 some say sell some say hang on 3-5 years and they will treble in value. My sister wishes to sell and I want to hold, by getting rid of Conn will be a start and a 6% dividend with growth seems good to me but I am not really confident hence the questions and wanting are large amount of opinions but you mostly all say change is required but very few say sell. Thoughts please if you all have time please??
Oliverthehardy, if the dividend was cut in half at this price I would still see this as a ok buy. I am new to this and you seem knowledgable, I have seen companies turned around before, is it your belief that over a period of a few years this company cannot recover? Albeit with major cost cutting and new CEO.
Hello everyone, thanks for all the advice and opinions, it strikes me that everything has been against this company over the last few years, the price cap, changing strategy because of a shrinking market, pressure from environmental changes, gas storage requirements due to LNG, pressure to sustain the dividend, pension liabilities and a few more. Slowly these things appear to be being addressed, maybe in a gap hazard way due to an unconvincing Board of Directors. Can I ask you all with a change at the top, a dividend cut and all the changes being made having been completed why this company won’t return to a much better share price?
Just asking