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"

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

ex div 25th april

it would cost me more in petrol than the amount i would save to go to tesco for petrol. and not sure that my beastie would care for s'mkt low grade stuff anyway ..... as for me, flash git, new 2nd-hand beastie due in the next week or so

'Beastie'..........?

yes is buying a transit

you can now pick up a jag 3 years old cheap as chips

Cynic in a tranny van! I don't think so!

don't like the new ones much; used to have xk8 convertible which was good of its type - i.e. grand tourer

never buy some one elses seconds .