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"

Centrica , stop buying own stock for sake ! Youre messing my chart...lol

Looks like they got my message !:-)
----
Not for long
resumed buybacks..:-(
bastards...

Added 301.5.

Taking a piss this thing not like it not going wait for stop , out - 2.2 pt

Interim Management Statement

Since its Interim results on 31 July 2014 the Group has:

returned to customer account growth in UK residential energy supply and residential services in recent weeks

completed major systems upgrades in British Gas and Direct Energy, enabling improved customer service and enhancing our ability to offer a broader range of propositions

continued to help customers understand and control their energy consumption through leadership in smart connected homes and innovation – the sustainable way to keep bills down; the average British Gas residential dual fuel bill is expected to be around £100 lower in 2014 than 2013 reflecting warmer weather and energy efficiency measures

continued its delivery of cost reduction initiatives, with programmes in British Gas
Business and Direct Energy on track

seen a further improvement in sold margins in Direct Energy Business, with a strong increase in second half year-on-year operating profit expected

remained on track with its upstream capital expenditure programme, including the large-scale Cygnus and Valemon projects in the North Sea

more...

StockMarketWire.com
Centrica has sold its 50% non-operated interest in the 90MW Barrow Offshore Wind Farm, located in the East Irish Sea.

The stake has been acquired by the operator, DONG Energy, which owns the remaining 50% of the asset. As part of the transaction, the power purchase agreement (PPA) currently in place between Centrica and the Barrow Offshore Wind Farm will be terminated. The total consideration is £50m in cash.

The sale is in line with Centrica's strategy to release capital from its UK operational wind portfolio for value. It retains interests in three operational wind farms and continues to purchase a substantial amount of renewable and lower carbon power for its customers.

Last year the power generated globally through our investments in nuclear and renewable energy helped avoid more than 8m tonnes of CO2 equivalent. In addition, the company says that the products Centrica has installed in UK homes since 2010 have cut over 9.8m tonnes of CO2 equivalent.

Morgan Stanley note summary:
"With a dividend yield of 6.7%, Centrica is clearly discounting a material risk of a dividend cut – we think this is unlikely. The dividend is amply covered by cash, even in our bear case, thus we think an assumption of a dividend cut is too pessimistic. We upgrade Centrica to Overweight as we see the risk-reward now skewed to the upside, even in the weak commodity environment. SSE offers an attractive dividend yield, an average payout ratio and is committed to growing this dividend, which is entirely possible in our view. It is central to our thesis on SSE that the dividend is sustainable, even at lower commodity prices. We calculate that, all else equal, a sustained further 15-20% decline in power and gas prices would be required to put the SSE dividend at risk. This seems unlikely in our view."

UPDATE - British Gas to cut energy bills by 5%

By Andrew Neil

January 19 2015, 12:14pm
UPDATE - British Gas to cut energy bills by 5%

--adds detail, updates share price--

British Gas will knock 5% off its household gas prices next month following the recent fall in energy prices.

In a statement today, its parent company Centrica (LON:CNA) said the discount, starting from February 27, will benefit 6.8 million customers.

The price cut will reduce the typical household's annual energy bill by £37, according to the firm.

The cheaper price reflects the recent fall in wholesale gas costs, said Centrica chief executive Iain Conn.

“We’ve been watching the significant moves in the international energy market extremely closely for some time, with the aim of helping customers with a price cut at the earliest possible opportunity.”

He added that prices will remain under review for further movements up or down.

Though most of the gas being used in customers’ homes today was bought by firms at higher 2013/14 prices, wholesale costs, which usually move in tandem with oil prices, have seen double-digit falls over recent months.

E.On became the first of the Big Six energy suppliers to cut prices last week.

The firm lowered its standard gas prices by 3.5%– or £24 a year.

It is expected that EDF Energy, Npower, ScottishPower and SSE will soon announce price cuts of their own.

Centrica shares are currently trading 0.8p lower at 264p

The best part of the winter will be over by the time the price cuts activate. Crafty!!!!
Eons discount of 3.5% was straight away.


Centrica (LON:CNA) said the discount, starting from February 27.

C.S. Upgrade:

"Centrica PLC (LON:CNA) was upgraded by equities researchers at Credit Suisse to an “outperform” rating in a research report issued on Tuesday. The firm currently has a GBX 310 ($4.65) target price on the stock, up from their previous target price of GBX 290 ($4.35). Credit Suisse’s price objective would indicate a potential upside of 14.22% from the stock’s previous close."

It's good to see CNA has held onto yesterdays gain...now will it build from here...

Optomistic - just noticed these again, looks promising"

19 February 2015 Preliminary Results announcement

Best yields in utilities sector

Going the right direction, will be good to see the sp above the 200 ma

Yes at last, signs of life in the right direction.

That will be £3!

...getting close skinny.

I see GS have lowered their TP, but still North of where it is!

Goldman Sachs Buy 297.95 - 323.00 Reiterates

Trying 3 squid again.

... And then 4 hopefully.