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"

...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.

i agree - strong buy!!!!!!!1111

UBS target out today is 550p. Final Divi is 9.14p (ex-divi 28th Apr '10).
Not a stock I have watched much, but added to my watch list now & maybe worth having for the divi.

Watch it fall after punters take their divi

Blue today. Ex-divi tomorrow, suspect red at the open.

Broker note from J P Morgan:
"We have updated our Centrica estimates to take account of: the recent rally in UK gas prices, the changes to corporation tax announced in tuesdays budget, and the 10th May Interim Management Statement (IMS).
Our revised EPS estimates are 5.1% ahead of Reuters consensus for 2010, 9.2% for 2011 and 12.2% for 2012. In our view, the market continues to underestimate the structural growth potential of Centricas downstream business and the reduced earnings volatility of the group due to its greater vertical integration we see the key risk facing Centrica as increased government interference in the sector. We believe that risk has reduced following Tuesdays emergency budget where the government stressed the requirement to attract private sector investment into energy infrastructure. We think the main government policy, the introduction of a minimum carbon price, will be positive for Centrica given its low CO2 intensity generation fleet.
We have added Centrica to the JPMC Analyst Focus List (AFL) and increased our December 2010 price target from 375p to 385p. Our updated price target implies 29% upside from the current share price.
Centrica is trading on a 2010E PER of 12.1x, EV/EBITDA of 6.0x and dividend yield of 4.6% and a 2011E PER of 10.5x, EV/EBITDA of 5.2x and dividend yield of 4.9%. In our view, this is inexpensive givenbCentrica's earnings growth, strong balance sheet and limited exposure to more onerous environmental legislation.
The next scheduled newsflow is the interim results announcement on 28th July. We expect the results to be strong due to the cold winter in the UK boosting residential gas demand at the same time as wholesale gas prices remained subdued."

Half Yearly Report.

Thanks for posting the report skinny. So little interest in CNA that I'd forgotten about the thread :-/
All as expected I guess and prospects for the full year look OK, barring any major upsets it's outcome being reliant on market forces etc.
I've been out of CNA some while until about 3 months ago then bought a few for the ISA.

Hi Opto - I've been out for a while - they are on my list @3 - currently yielding @4.5%

Next divi 28-Sept-11 / Paid 16-Nov-11 / Amount 4.29p

i own 8 houses have just decided to move from bg to eon all my homes have
homecare 400 e on is a better deal . so i have sold my holdings in cna

Centrica EXPANDS TEXAS RETAIL ENERGY BUSINESS


Centrica plc's North American subsidiary, Direct Energy, has agreed to acquire the Texas-based energy retailer First Choice Power for $270 million (GBP175 million) in cash, plus additional working capital.


First Choice Power has more than 220,000 residential and commercial electricity customer accounts in Texas. This acquisition supports Direct Energy's strategy to grow and extend its North American downstream retail business, and strengthens its position as the third largest energy retailer in Texas - taking its number of electricity customer accounts in the state to more than 830,000.


As one of the five legacy players in Texas, First Choice Power has a customer base with high brand loyalty. The combination of First Choice Power with Direct Energy's existing Texas operations will lead to significant synergies through integration of the businesses.


First Choice Power was also the first player to offer smart meter prepaid propositions in Texas and this acquisition will further enhance Direct Energy's position in this area, providing access to strategic prepaid partnerships that will help support future growth in this key segment of the market.


Direct Energy President and CEO Chris Weston said: "This acquisition is another important step towards growing scale and leadership in our North American business. First Choice Power is an established brand with a loyal customer base. Its addition to the Direct Energy family will significantly enlarge our business in one of the key US deregulated residential markets, providing a valuable platform for future growth."

Perhaps the RNS would have had a bigger impact on the sp had it contained some current trading figures of First Choice Power. On the face of it 175mill+ seems a lot for the quite small customer base. IMO