Any thoughts on the company?


Red line 200 MA

24 Mar 2015 "Deutsche Bank cuts Centrica to 'sell' from 'hold', target cut from 280p to 225p"

possibly a bit giddy as it came close to 200 dma, but there should be support at 290 at 50 dma

Posted by ArtNouveau on ADVFN



LONDON (Dow Jones)--Citigroup Inc. (C) is the sole bookrunnner on the placing of about 200 million shares of Centrica PLC (CNA.LN), traders said Wednesday.

The placing is being conducted between 294.5 pence and 297.75 pence a share, and the traders linked the placing shares to the stake held by Petroliam Nasional Bhd.

At 1630 GMT, Centrica's shares were down 2.8% at 294 pence.

Citigroup wasn't immediately available to comment.

long CNA@293 with a tight stop

Why did they sell?

because perhaps they are in need of the money???????

Notification of Major Interests in Shares


Centrica plc ("the Company") received notice on 10 February 2012 (under the obligations imposed by Section 5 of the FSA's Disclosure & Transparency Rules), that on 8 February 2012, Petronas International Corporation Ltd disposed of all its shares and no longer had a notifiable interest in the Company.

AlphaValue Upgrades to Buy TP 360.80p

LAR, not on line at my new home yet ,
but at my daughters
this morning have added 17900.more buy 400p in 12 months and will be 17p div next year

http://www.bloomberg.com/news/2012-02-08/centrica-drops-in-london-after-petronas-sells-932-million-stake.html

.

Centrica Plc (CNA), the U.K.’s biggest supplier of gas and electricity, dropped in London trading after Malaysia’s Petroliam Nasional Bhd. decided to sell its entire stake for about 590 million pounds ($932 million).

Centrica declined 8.2 pence, or 2.7 percent, to close at 294.5 pence at 4:13 p.m., the sharpest drop since October. The stock has fallen 10 percent in the past twelve months, valuing the company at 15.3 billion pounds ($24.1 million).

Petronas, as Malaysia’s state oil company is known, is selling a stake in the Windsor, England-based company through a so-called accelerated bookbuild managed by Citigroup Inc., according to terms of the offer obtained by Bloomberg News.

The U.S. bank is offering 199.4 million shares in the British utility at an indicative price of 294.5 pence to 297.75 pence per share, the terms showed. At the middle of that range, the sale would raise 590 million pounds.

Petronas’s 3.9 percent stake had made them the largest shareholders in Petronas behind Invesco Ltd. and Legal & General Group, according to data compiled by Bloomberg.

A Centrica spokesman declined to comment when contacted by
Bloomberg News today.

cna as 1,2 b spare cash why have they not bought the lot and erased them .
stil leaves 600m

cna to give investors very good news next week

At last a broker with head
screwed on................

BrokerTips

UK Broker Tips

CNA | Buy (AlphaValue, Upgrade) | TP: 360.80p

And one from today :-)

UBS retains its Buy Tp 330.00

A bit on the low side with the TP I think

op we will hit 400p by xmas good news is coming out

TANKER, that will do nicely...perhaps a couple of trades along the way as well.

profit over 2.3b

(Tanker - off topic, but found out today that the Tesco 10p off litre of petrol is not linked to the original Clubcard purchaser, so apologies for that. Anyone can cash them in.)

harry i have just been and filled up thank you very much .
my son in law had the other one . and 5 pounds off my shop and they gave me enough coupon for £5 off my next shop .
buy thank you . back to CNA divs will buy my next car in sept