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"

Final Results

Group adjusted EPS down 28%, reflecting challenging trading conditions, including extreme weather patterns and falling oil and gas prices. Post-tax impairments of £1,385 million on E&P and power assets
British Gas operating profit down, primarily reflecting lower consumption in record warm year, with average dual fuel profit per household falling to £42. Average actual household energy bill around £100 lower than in 2013

Direct Energy operating profit down due to impact of polar vortex in Q1 and narrowing of energy supply margins in a competitive environment

Centrica Energy gas operating profit before tax down, reflecting lower market prices. Post-tax earnings largely protected by hedging, tax allowances on previous investments, and strong midstream performance. Power profit impacted by unplanned nuclear outages

2015 environment and response

Since the November IMS, our forecast 2015 adjusted EPS has been negatively impacted by about 2.5p, primarily due to changes in the external environment. 2015 adjusted earnings are expected to be down compared to 2014

Taking action in a low commodity price environment
40% reduction in E&P capex to £650 million by 2016

Continued focus on competitiveness, service and efficiency downstream

Group-wide performance improvement plan, with a strong cost focus

Dividend rebased by 30%, commencing with the 2014 final dividend. 2014 full year dividend of 13.5p per share

Decision to retain UK CCGTs, with bids received significantly below our internal valuation

Strategic review launched, to be concluded by Interim Results in July 2015 covering; (i) outlook and sources of growth; (ii) portfolio mix and capital intensity; (iii) operating capability and efficiency; (iv) Group financial framework


more....

Deutsche Bank Hold 281.10 281.10 280.00 280.00 Reiterates

What a complete waste of money the share buy backs over the last 2 years has been. 2013 a total of £502m @ £3.64p (ave) and for 2014 £422m @ £3.18p. Not far short of £1b----total disaster.
2517

I was lucky, sold out at 395!

Well done Fred, 50% above their current price are you tempted to get back in?
2517

NO!

Have a look at RDW and BARC for a short haul.

Oh please buy mine -):

Fred, I'm not a lover of the banks and RDW have risen sharply in recent days, I also believe the market is due a correction. That's after I win this months competition of course ha! ha!
2517

I am hesitant about buying anything, but at the moment I have heavy holdings of TW, BARC (at a loss),AHT,RDW, EZJ, TCG (slight loss, stupid), GKN,BKG, VOD(stupidity) OML(with hope and guess work), Small holding of Lloyds (dumped and bougth? lucky) and and smaller holdings of some I wish I didn't.

Three dogs which interest me and thought/think will do well and are recovering Accys Techologies and EPO and CRX. (Just looked in profit on epo and CRX. expect Accys to reward my grandchildren.

Perhaps the above are worth a look. Some are close to upper tramlines and if there is a pull back, may be worth buying afterwards as long as Putin doesn't put his boot in.

Aberdeen Asset Managers old 4.91%
No indications of previous holding percentages, must be a new holding?

Ex-divi 30th Apr 2015 (8.4p)

Investec Hold 243.95 270.00 250.00 Reiterates

20 March 2015

Moody’s rating of Centrica plc

Moody’s downgrades Centrica to Baa1 with a stable outlook

Centrica plc notes that Moody’s Investors Service yesterday downgraded the issuer rating and senior unsecured ratings of Centrica to Baa1 (stable outlook) from A3 (negative outlook).

Centrica continues to target strong investment grade credit ratings, and Moody’s Baa1 rating is consistent with this target.

ENDS

Deutsche Bank cuts Centrica to 'sell' from 'hold', target cut from 280p to 225p.

Harry, I've put that in the header just to see how good the Deutsch Bank analysts are

Lets hope they are totally cr*p at predicting the future then! Unfortunately chart agrees at mo.

Laidlow paid 3.4 million for his last year at Centrica!

That should compensate him for his reduced dividend income.

Into the gap once more!

This needs a serious kick up the back side to attempt the gap!!

Too big a gap to fill in one go skinny...don't forget this is Centrica and Centrica rarely does big moves in the upside direction :-(