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"

Half-yearly Report

OPERATING AND FINANCIAL OVERVIEW

STRONG FINANCIAL PERFORMANCE

Adjusted earnings2 up 14% to £767 million; 14.8 pence adjusted basic earnings per share2

Upstream production benefiting from new investments and Norwegian expansion

Higher UK residential energy consumption, compared to the exceptionally mild weather and unusually low levels of profitability1 in the first half last year
Benefiting from enhanced scale in North America

On track to achieve £500 million cost reduction programme to maintain competitiveness

Tax charge3 of £568 million; UK tax charge3 of £431 million

INVESTING FOR GROWTH

Total investment of £1.5 billion in the first six months of 2012

Further progress in gas development projects, to bring 140mmboe of reserves into production

Moving ahead with £1.4 billion Cygnus development; largest gas discovery in the Southern North Sea for 25 years, supporting 4,000 new jobs

First power from £1 billion Lincs wind farm in the coming weeks, able to supply around 200,000 homes

Awarded planning consent for 580MW Race Bank wind farm; progressing towards a final investment decision in the first quarter of 2013

DELIVERING FOR CUSTOMERS

Launched easy to understand bill and simplified tariff structure

Maintained position as cheapest major standard electricity supplier at average consumption

British Gas residential energy accounts stable at 15.8 million, reflecting good service

Industry leadership in innovation, energy efficiency and support for the vulnerable

DELIVERING FOR OUR SHAREHOLDERS

Interim dividend up 8% to 4.62 pence per share, 30% of prior year’s dividend in line with established practice

“Centrica has performed well in the first half of 2012 despite challenging market conditions, although the increase in earnings must be placed in the context of unusually low levels of consumption and profits in the UK in the first half of 2011. We continue to focus on high standards of service, while ensuring that we run the business as efficiently as possible for the benefit of our customers. We have made significant investments to secure energy supplies for the UK – and will continue to invest across the Group, where we see value. As a result, we have a stronger business that is delivering benefits for all our stakeholders.”

(post 363) back at the 322/323 level again!!

Up through 323 and the next resistance 340.
Centrica is looking stronger after the results.

I will edit that last sentence to 'was looking stronger!'

Credit Suisse downgrades to Neutral TP reduced from 370p to 330p.

Morgan Stanley reiterates it's Equal weight TP 325p

skinny, thanks for the posts but these downgrades are to me meaningless unless supported by facts and reasoning....something the analysts rarely include in their downgrades/upgrades.

True to an extent Optomistic, but what it does tell us is why the SP has moved in any given share sometimes, so in that way I think it can be helpful.

Fair performance today regardless of the analysts
Ups and downs there are sure to be but IMO Centrica is a good one to hold for the future and a good yield included.

I've just seen this :-

UK may give Hinkley Point nuclear OK by year-end


LONDON | Tue Aug 14, 2012 4:38pm BST

(Reuters) - Britain's nuclear regulator said it may resolve all its issues regarding plans for a new nuclear power plant at Hinkley Point C by the end of the year.

The Office of Nuclear Regulation said on Tuesday that two Generic Design Assessment (GDA) issues had been closed. The regulator had raised them earlier this year with French energy companies EDF and Areva with regards to the design of a third-generation nuclear reactor at Hinkley Point Somerset, England.

OP target 362p within 3 months

but BARCS could be a better bet 188p taget 380p by april.

Agreed, Barcs should have been 240 if it was not hit too hard by the misleading news. 188 is too cheap for today, never mind year end - 300 IMO.

Ooops.

Interim dividend paid today.

Well this seems to clarify the situation, I do hope the whistle blower can substantiate his information as he has caused a lot of concern.




TIDMCNA



Centrica plc



14 November 2012



CENTRICA STATEMENT



Statement regarding further press reports on the UK wholesale gas market



Centrica participates actively in the UK wholesale gas market in order to meet our commitments to our customers. We trade in the wholesale gas market every day. In this respect, 28 September 2012 was no different. We have reviewed all our trades executed around the close of the market on that day and have found nothing unusual about them or any cause for concern.


Enquiries:
Centrica Investor Relations: +44 (0)1753 494900
Centrica Media Relations: +44 (0)800 107 7014

Looking forward to the IMS due to be released tomorrow.

Interim Management Statement

Centrica expects to deliver year on year earnings growth in 2012 in line with market expectations, subject to the usual variables of weather and commodity prices, in a continuing weak economic environment.

Article from The Scotsman, didn't realise we traded as Scottish Gas...learn a little every day :-)

Scottish Gas on target for double digit profit growth

By GARETH MACKIE
Published on Thursday 15 November 2012 07:54

Centrica, the parent company of Scottish Gas – which recently raised its energy prices by 6 per cent – today said its UK residential services business was on track to deliver double digit growth in profits this year.

The group said the improved result was a result of “cost efficiencies” across the business, which has seen the number of household customer accounts remain broadly flat since the first half of the year.

In a trading update ahead of its full-year results, which are due for release in February, the energy giant said average UK residential gas consumption for the first ten months of the year was 9 per cent higher than for the same period of 2011, reflecting “colder than normal weather in the year to date following an unusually warm 2011”.

The firm said: “Like the rest of the industry we have been faced with higher costs to help upgrade the UK’s gas and electricity grids and to deliver the UK’s carbon reduction targets, both in power generation and in the home.

”These costs, which are out of our control, have added around £50 to the cost of supplying the average household. We have also experienced rising wholesale gas prices, which are 13 per cent higher this winter than last.”

Beginning to look stronger by the day...or is that a very dangerous thing to say!

Today's move is something that is not often seen in CNA (+8/9p), if the sp holds over 340 this could be the start of a serious re rating, fingers crossed and watching closely....

340 not held but a good finish!
Cold weather continuing :-))