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"

... And then 4 hopefully.

Going to be a while for 4 Stan.

Yep, think your right there opo. But again like Clig the divi isn't bad as I remember until then.

British Gas to acquire connected homes company AlertMe
British Gas is to acquire AlertMe, a UK-based connected homes company that provides innovative energy management products and services. The net cost to British Gas will be £44 million, taking into account an existing 21% holding in AlertMe. It is anticipated that the transaction will close by the end of the first quarter of 2015.

AlertMe provides the technical platform that underpins British Gas's existing connected homes activity, including its remote heating control product, Hive Active Heating. The acquisition gives British Gas ownership and control over a scalable technology platform, software development capability, data analytics and a patent portfolio. This demonstrates our continued commitment to innovate for our customers and reinforces British Gas's leading position in connected homes in the UK.

The acquisition will also enable further development of connected homes products and services in other parts of the Centrica Group, through Direct Energy in North America, and Bord Gáis in the Republic of Ireland.

The share price needs a bit of ....

AlertMe...how much to the bottom line?

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.