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 ACQUIRES NEW YORK-BASED ENERGY RETAILERS

Centrica plc’s North American subsidiary, Direct Energy, has agreed to acquire the New York-based energy retailers Energetix, Inc. (Energetix) and NYSEG Solutions, Inc. (NYSEG) for US$110 million (£71 million) in cash, plus additional working capital.

The companies are both subsidiaries of Iberdrola USA and operate as a single retail organisation, marketing under the Energetix and NYSEG Solutions brands. These brands are well recognised in New York State and Pennsylvania where they have 245,000 residential and small commercial customer accounts.

The market must like the acquisition a little. sp showing a small gain on a FTSE down day.

Its finding 322/323 a bridge too far atm.

You are so right skinny, it had a go at 323 this morning but too much selling pressure to hold it.

edit......Having another go, will it hold this time?

I reckon it needs to clear and hold above 325 to break out of this resistance area.

Decisions decisions.....

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