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"

I sold a couple of weeks ago, but have an order on at 230, i need some slow moving stocks!

Hi Bush I've no problem with slow moving stocks,
I'm an expert in that field :-)

me thinks the drop today could have been over done ie lemmings comes to mind!!its a basically sound company and any bad news and people go into panic mode !!!

On the drop today i started buying and this is my opinion only, people could digest the info over the weekend and could come back to the market buying next week !!!

Please note this is only my opinion and i only hold for very short time durations and this will not be held for long...

Mega...

Opto, I wish all my stocks were slow moving this week, then again, the high when they start going up makes up for the bitter suicidal pain i am currently enduring! at least I have my health...........nurse

Morning Mega B, just in for the bounce, yes could be a good move, but after that my own view is that the stock could be weak for some time, can't see anything to push it higher short term. Good luck next week.
opto

Only thing I've heard reported today has been the company saying
next year revenues will not make forecast targets - don't sound
good... :>(

And from a Bunny with her ear to the ground that could be well worth noting.

To the ground and under it at times!
;>)

Hello Bush, if you left your order on you should have your stock now... 230p or a touch less.

Yes I was just thinking the same thing opto.

Good call Bush.

Well what a day, finished down at 229.25p.

Hi Guys, just got back and i have got it, slightly worried for Monday though because I thought it would bounce off and not finish below, never mind, i'll be worrying more about lloyds!

...Forgot that they were doing this, can't do the price any harm, all be It slowly.

I also read somewhere that a couple of brokers have given a more favourable view on CNA.

Centrica PLC
13 December 2004

Centrica plc

Repurchase of shares

Centrica plc announces that on 13 December 2004 it purchased for cancellation
3,000,000 of its ordinary shares at a price of 230.3054p per share from Morgan
Stanley & Co. International Limited.


Enquiries


Kath Kyle Centrica plc 01753 494902

Jon Bathard-Smith Morgan Stanley & Co. International Limited 020 7425 8000


This information is provided by RNS
The company news service from the London Stock Exchange

Anyone any thoughts about the long term prospects on CNA?

With a PE of 18, yield of less than 3% and loosing customers hand over fist in what is a very cut throat industry(s) I'd be wondering why I'd hold these at this price?
There's probably a very good reason and hopefully someone will point it out?

I think the reason for holding CNA weakened with the loss of customer figures and with no good plan in place to get them back, I don't think freezing the prices will do it, may keep existing customers but it will not bring any old ones flooding back in.
Was OK with the low yeild with the hope of growth, but why did they sell the AA, a growth area and keep the cut throat telco bit, that I would be interested to see the reasoning for.

Can't comment about the medium to long term price as I'm only In these for a short term bounce.

Hopefully this bit of news won't do the price any harm (just out).

---------------------------------------------------------------------------------

Centrica CEO Roy Gardner buys 50,000 shares, now holds 2.17 mln


AFX


LONDON (AFX) - Centrica PLC said chief executive Sir Roy Gardner today bought 50,000 shares for 226.6 pence each, raising his total holding to 2.17 mln shares or less than 0.001 pct.

newsdesk@afxnews.com

jc

....thanks Royston, I feel a bit better now.

No real bounce In these, but out with a bit on top.

Looks like the sp is going to test all time high tomorrow imho.

Looks as though there may be a breakout through the 200 DMA, with a clear uptrend on the chart.
Current broker target is 390p with the obvious defensive qualities in a falling market.