Member Info for rafidell

Wasn't this trading at £1.90 on 15 September?,, Deeply Over Priced,,, Was it a Classic Pump ?,, specially with Huge Amount of New Shares Being Dumped on the Market?,, Shouldn't this be below £1.90 ?,, Anyone

On 16 September it was at £194.04 that's before the R issue,, Shouldn't it be Lower?,, more shares,, hmmm ??

Shorts are making a killing,,??,,, how long will this continue?,, anyone

Chancellor of the Exchequer Rishi Sunak appears to have ruled out government help for companies struggling with soaring gas prices, as news came that two more UK energy suppliers have ceased trading.

Furthermore, it has been reported that Glencore-backed CNG Group, which supplies natural gas to 15-20 retail energy companies, has written to its customers saying that it will no longer supply the wholesale market, sparking fears of further collapses among small UK energy firms.

The BBC reported that CNG made the decision after having recently been forced to supply gas to households whose suppliers had collapsed, including Utility Point and Avro Energy.

CNG chief executive Paul Stanley told the Financial Times that the company was working “constructively and collaboratively with industry counterparts to try to find the best possible outcome in these challenging conditions”.

Speaking to Sky News after a meeting with G7 finance ministers in Washington, Sunak said "it's not the government's job" to manage the costs of individual products.

Asked if he would accept some companies going out of business, Rishi Sunak said he "believes in a market economy".

A further two residential energy suppliers, BP PLC (LSE:BP.)-backed Pure Planet and Colorado Energy, announced that they are going out of business as a result of the record high wholesale energy prices, two of the four companies seen as being at risk earlier in the week.

09:29 Thu 14 Oct 2021

viewCentrica PLC
LSE:CNA
Gas crisis: Chancellor appears to rule out government help as two more energy suppliers collapse

The boss of Britain's longest-running independent energy firm has warned that a wave of supplier failures this winter could send the market 'back to the 1990s'.

Dale Vince, owner of Ecotricity, said he expected three more suppliers to exit the market in coming weeks – and that by the spring Britain could have only between six and 12 energy firms.

He said the exit of scores of smaller suppliers could lead to 'a Big Six-type situation' similar to the 1990s, when British Gas owner Centrica, SSE, Npower, Eon, Scottish Power and EDF dominated the market.Vince, who founded Ecotricity in 1995, said: 'We will see more bankruptcies because the market has been forced into an unnatural position, with suppliers forced to sell energy for less than they can buy it for. We are going back to the future – that's where the price cap is taking us.'

The 'Big Six' led Britain's energy market after British Gas was privatised in 1986 and the UK's 12 regional electricity boards in 1990. Start-ups Octopus, Bulb and Ovo have won millions of customers in recent years, along with more than 50 new smaller suppliers.

Vince said some new entrants had treated the market like 'a casino', gambling that wholesale energy prices would fall.

Not Looking Good Going Forward,,,JPMORGAN CUTS DELIVEROO PRICE TARGET

Very Solid Going Forward,,,the Group is well hedged for the coming winter and beyond. Centrica's balance sheet remains strong and the Group's transformation remains on track.

Fair Value is too Low,,From continuing operations, statutory operating profit of £1,003m (2020: loss of £338m) and basic EPS of 12.8p (2020: loss of 5.9p) including a profit on certain remeasurements due to rising commodity prices. ,,We Should Be Well Over a £1+ Very Soon,, and Dividends Coming,,

Deeply Undervalued,, Should Be £1+,,, Once Dividend is anannounced,, except Huge Upside,,

MORGAN STANLEY RAISES CENTRICA TO 'OVERWEIGHT' (EQUAL WEIGHT) - TARGET 75 (58) PENCE

CREDIT SUISSE RAISES CENTRICA PRICE TARGET TO 75 (70) PENCE - 'OUTPERFORM'

CREDIT SUISSE RAISES CENTRICA PRICE TARGET TO 75 (70) PENCE - 'OUTPERFORM'

Supply chain issues,, hmmm ??,, insiders able to bale out,,

Expect Huge Profits,,Gas Prices moving Higher Nicely upward towards £1.00+ Deeply Under Valued..

SOCGEN RAISES CENTRICA PRICE TARGET TO 86 (77) PENCE - 'BUY'

Solid Buy and Hold,, Cheap as Chips,, fair Value 40s ,,

Results due 22 October Should Start To See Upward Movement,,

10p Looks fair value,, going forward

i think 12p or Lower would be good time to buy,,at the moment coal prices is hammering it,, and it's way over pricey,,