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"

CNA and DONG form alliance in a load of wind power:




Centrica and DONG Energy establish joint ventur...
BZW

Centrica and DONG Energy establish joint venture to co-develop Round 3 Irish Sea wind farm zone

Centrica PLC

21. 03. 2012

Centrica and DONG Energy establish joint venture to co-develop Round 3 Irish Sea wind farm zone

Centrica and DONG Energy today announced they have formed a joint venture to co-develop offshore wind farms in the Round 3 Irish Sea Zone, which has a potential capacity of 4.2GW. The transaction will see DONG Energy pay Centrica up to £40 million in cash for a 50 per cent interest in the joint venture. DONG Energy will pay Centrica £15 million at closing of the transaction, with the balance payable in later years contingent upon consent being achieved for a project in the Irish Sea Zone and DONG Energy reaching a final investment decision for a project in the Zone.

The joint venture further cements the relationship between two of the UK�"s leading offshore wind farm developers, which together have around 1GW of offshore wind capacity installed or under construction in the UK. Centrica and DONG Energy already hold joint interests in the Barrow and Lincs offshore wind farms.

The two companies will work together to develop different projects in the zone on a 50/50 basis with construction management of the projects alternating between the parties. For the first project under Centrica�"s management, a final investment decision is expected in 2016.

Mark Hanafin, Managing Director of Centrica Energy, said: �SCreating this joint venture with DONG Energy is a logical step that will combine both companies�" expertise and scale to help realise the full potential of the zone. The partnership forms part of our strategy to deliver value from our growing upstream business.⬝

Carsten Krogsgaard Thomsen, acting CEO of DONG Energy said: "This marks DONG Energy's second entry into a Round 3 project and Centrica is a natural partner for us as we already have a good working relationship with them from previous projects. The partnership also further cements our position as one of the leading players in the UK offshore wind market. It is a strategic addition to our long-term pipeline of projects which contributes to the industrialisation of the offshore wind business and bringing down costs."

The information provided in this announcement does not change DONG Energy�"s previous financial guidance for the 2012 financial year or the announced expected investment level.

Notes

1. DONG Energy is taking a 50% stake in Centrica Energy Renewable Investments Ltd, the special purpose vehicle established for owning and managing the activities, assets, liabilities and commitments related to operations in the Round 3 Irish Sea Zone. Centrica Energy Renewable Investments Ltd is currently a 100% owned subsidiary of Centrica Renewable Energy Limited and will be renamed Celtic Array Limited upon completion of the transaction.

2. In January 2010, Centrica announced it had been awarded the Irish Sea Zone, as part of The Crown Estate�"s Round 3 offshore wind tendering process.

3. Since being awarded the development rights, Centrica has been carrying out Zonal Appraisal and Planning (ZAP). This process has involved a number of detailed surveys across the zone and consultation with stakeholders, with the aim of identifying key constraints in those areas where Centrica believes development could take place and to identify areas in the zone where development is not likely to be feasible. Based on this still evolving information, a process is underway to identify possible areas for individual wind farm projects to take through the consenting process, subject to a full appraisal of project economics.

Sounds very amicable !

ding dong.

cna will now start to move up

what is holging these back because i no nothing

Out of the mouth of.........

7 month high (319.1). 320.2.

CNA and SBRY neck and neck again.
2517

TANKER - 23 Mar 2012 12:58 - 344 of 347
what is holging these back because i no nothing
===============================

Know anything yet TANKER...

Would expect on projections and recent results with a yield of 5+% a Share price of 350+p.

Getting a little fed up, but still waiting.

Looking at 15year charts, overall growth rate about 8%pa + yield.

Ummh.

Just added a few.

Haven't they gone ex-div recently.
2517

Yes. 25th April. That was Finals.

IMS to come on the 11th May.

Interim Management Statement.

Overall, Centrica is trading in line with expectations, with the benefit of higher wholesale gas and power prices upstream broadly offsetting the impact of mild weather in the first quarter on the downstream business. We are beginning to see a contribution from our recent acquisitions, in both UK upstream gas and oil and North America; we are making further progress in delivering our upstream investment programme; and our cost reduction initiatives are successfully driving efficiency savings across the Group

CNA doing well in the midst of the disaster zone!

TANKER seems to have lost interest here, sold out TANKER?

It's been a difficult day in the market today but CNA seems to have held its own in the midst of it all.
Was tempted to add some more at what "could" be a good price, but If it closes above my buy price it will be one of the rarer events.
Anyone else on here weakened and bought today?

I suppose it depends on your view of which way the markets are heading, good luck with whatever you decide.
2517

..Questor share tip: Centrica a buy for income and growth

By Garry White | Telegraph – 8 minutes ago

The last trading update from British Gas owner Centrica (LSE: CNA.L - news) was confident. Questor says buy.

Centrica 315.2p Questor says BUY

The shares were named as a tip of 2012 after slumping last year following a profit warning. The shares have outperformed the wider market, rising 8pc compared with the FTSE 100’s 2pc fall.

Questor expects this outperformance to continue, as price cuts earlier this year appear to have eased the political pressure on the sector. Fears of political interference were a significant part of last year’s 13pc share price fall. Higher wholesale power prices also appear to be making up for the mild winter.

Centrica continues to become more “vertically integrated”. This means it is generating more of the energy it sells itself, which protects its profits from swings in commodity prices.

On Friday, Centrica reached a milestone in its Lincolnshire 270-megawatt offshore windfarm project,

by completing financing of £425m for its construction. Centrica has a 50pc interest in the project, with the rest shared between Siemens (BSE: SIEMENS.BO - news) and Dong Energy (NYSEArca: JJE - news) .

An exploration partnership with Norway’s Statoil (Other OTC: STOHF.PK - news) to look for oil in the UK and Norwegian North Sea has also been extended until June 2013.

After last year’s falls, Centrica shares are yielding a very attractive 5.3pc, rising to 5.7pc. The cash-generative nature of the business means this looks secure and it is covered by earnings 1.7 times.

The valuation is also cheap by historical standards, with the current earnings multiple being 11.747, falling to 10.6.

Centrica’s next update will be its interim results on July 26, and the shares are a buy for both income and growth ahead of those figures

Earlier spike down bounced from 200 day ma.