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"

Tanker!?

Yes, or plonker as he is also known as.

StockMarketWire.com
British Gas parent Centrica reports a robust performance in 2016 and progress in implementing its customer-focused strategy.

Adjusted operating profit increased by 4% to £1,515m with a 9% increase in operating profit from the group's customer-facing businesses more than offsetting the impact of lower profit from the asset businesses.

Revenues of £27.1bn were down 3% on last time but adjusted earnings rose by 4% to £895m.

The full year dividend of 12.0p per share is unchanged.

Group chief executive Iain Conn said: "2016 was a year of robust performance and progress in implementing our customer-focused strategy.

"We delivered our key objectives including improved customer service and more innovative offerings and solutions while repositioning the portfolio, building capability and driving significant cost efficiencies.

"2016 was a busy year for the team, but we have delivered a lot, and Centrica enters 2017 a stronger company with encouraging underlying momentum and positioned to deliver longer-term returns and growth."

Looks a better picture than the market is painting...back to being patient again, we will get our turn :-)

Later rather the sooner in my case )-;

Same with me Stan but the divis have kept coming even though no increase this time...

Indeed opo the only saving grace at the mo.

Exane BNP Paribas Neutral 226.35 240.00 250.00 Reiterates

Macquarie Neutral 196.85 280.00 220.00 Downgrades

With so much adverse sentiment towards CNA I wonder are they ripe for sp appreciation? XD (8p) soon. Toying with either VOD or BT.A, decisions, decisions.

XD 11th May. I'm prepared to wait for sp to rise whilst taking 6% divi, so bought in.

.HOUSTON, May 4, 2017 /PRNewswire/ -- Centrica plc, parent company of Direct Energy®, one of North America's largest retail providers of electricity, natural gas, and home and business energy-related services, today announced the acquisition of the assets of Rokitt Inc. and their proprietary Rokitt Astra Technology. Rokitt is a technology company based in New Jersey.

20 years of CNA.......no idea which way the next movement is going to be!

StockMarketWire.com
Centrica is on track to achieve its targets and is making good operational progress, building on the momentum generated in 2016, shareholders at the annual general meeting will be told today.

An update issued ahead of the meeting said that operating performance in the year to date had been largely as expected with most operational inputs and parameters in line with plan.

It said that as part of this, Centrica continued to make good progress on its cost efficiency programme.

However, warmer than normal weather in the year to date had resulted in lower than planned consumption in the UK and North America, while UK wholesale oil, gas and baseload power prices had all fallen since Centrica's preliminary results in February.

Centrica said it would continue to focus on driving underlying performance improvement and cost efficiencies to help mitigate the negative impact of these changes in the external environment.

It said: "In addition, we announced in April that the Rough gas storage asset would be unavailable for injection during the 2017/18 storage year

"Overall, the company is on track to achieve the 2017 targets set out in its preliminary results announcement."

It said adjusted operating cash flow was expected to be above £2bn.

Group capital investment, including small acquisitions of less than £100m each, was expected to be no more than £1bn, including E&P capex of around £500m.

- Incremental revenue investment of around £100m in growth areas.

- Efficiency savings of £250m expected in addition to 2016 savings of £384m, as part of the Group's £750m per annum cost efficiency programme.

- Like-for-like direct headcount reduction of around 1,500 expected during the year.

- Closing net debt was expected to be in the £2.5-£3.0bn range. It said the 2017 financial performance remained subject to the usual variables of commodity prices, weather and asset performance over the balance of the year and the impact of an uncertain competitive and regulatory environment for the UK energy supply business.

Group chief executive Iain Conn said: "We continue to make good progress in implementing our customer-facing strategy, building on the underlying momentum we had as we entered 2017.

"Customer service is improving, we have launched new offers delivering choice for customers and rewarding loyalty and we continue to develop our technology capabilities.

"We remain on track to deliver against our 2017 targets."

In other words we're still useless );-

Warm weather is to blame, Stan. It's either too hot or too cold, too wet or too dry!!! ;o)

RBC today:
"Overall CNA states it is on track to hit main headline guidance for 2017 including operating cash flow of above £2bn, capex of no more than £1bn, efficiency savings of £250m and net debt at year end in the £2.5-£3.0bn range.

So what? CNA is among the worst performers in the sector YTD with political headwinds hampering share price performance. Despite CNA stating it is in constructive dialogue with the government around intervention, we continue to see this area as a major overhang. Today’s trading update then reads as a small incremental negative and despite significant upside potential opening up to our Price Target, we would continue to avoid the name until there is better visibility on the competitive retail environment in the UK."

Sadly can't argue with that.

Ex-Divi 11th May, like the chart went long on the spreads 9.56 @ 198.37 initial target 232p to close gap, stop 189p