Member Info for tep1

Aspers - good to hear you are making a profit on your trading Centrica. Although I believe there are better stocks for this with more predictable trading patterns. I am a long term holder looking to increase capital gains and hopefully pick up a dividend. So I invest for value, growth stocks.

Estimates of a potential div this year are within the 1.5 - 2p range. This is still low compared with sector equivalents. Debt is low thanks to the sale of direct energy and they still have upstream assets in gas and oil in a rising commodity market. Notwithstanding, the rise in energy cap in April and a further one later this year. I predict more retail energy companies to go bust over the course of the year and with a dwindling supplier base will hopefully increase their customer numbers.
The FT article concludes that the coming results will be good and that a return to dividends is likely - this may be delayed for fear of a political backlash as people face higher bills. But in saying that there wasnt much of a backlash against shell nor bp.

Just to quote you aspers in Apr-21: "I sold off 90% of my 250,000 shares at 43.5p as I saw better alternatives elsewhere"

At todays price those shares would be worth almost double.

Maybe there's other news to white wash

thanks - good recomendation

By Thursday this week is the cutoff.

So £140K buy from yesterday just reported. What is that all about ?

40p is 1.5B.

Aviva has committed to return £4bn to investors by the end of 2022 through sale of businesses and a share buyback scheme. They have already spent 1B on buybacks.

Cevian capital is pushing for 5B payout by end of 2022.

Steve if you feel the value of the stock will go up anyway why waste your time and energy

Morgan Stanley raises Centrica price target to 100 (75) pence - 'overweight'

aspers - I agree bp was a good buy sub 3 pounds in a rising oil market. i sold recently after buying from 200p right up to 300. I have made a tidy profit over the last couple of years and I am quite grateful for that. BP share price will run on. But at todays prices I think CNA has better value indicators. I recently bought again during the dip around 69p.

The facts: Its a corporate governance transparency issue and not financial performance related.

Those responsible in DX have resigned. But why have Grant Thornton resigned?

DX said the Inquiry has not proceeded as expediently as initially hoped by the board.

Grant Thornton says their reasons:

(i) actual or potential breaches of law and/or regulations
(ii) DX action and response to the evidence generated by that investigation and inquiry;
(iii) transparency of information

Can't imagine hermes being around for much longer! Their parcels are always delayed or lost.

Over the last couple of days.

A return to a small dividend of 1.5p makes sense and would be far less than SSE div yield of 5.2% at todays price. But it will all depend on EPS reported next month. Looking at expected earnings dividend cover would be 2.3 at this level.

Trading update is usually early Feb and the interims early Mar. Half year has already ended (December). I suspect we will get a cascade of information at the same time. Hopefully along with that a firm trading statement indicating further significant growth which propels the share price into the 40s.

@email I am SW London and I see a lot more DX vans now than ever I used to.

can you post a link where you saw that?

Excellent viewpoint pianista. I quite agree with you

Where did they state they are cancelling the shares? I understood there was no intention to reduce the float size.

not at 417p. Dont think I will be selling.

I agree run1. They need to reinstate the dividend.