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"

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 :-(

Directorate Change

Centrica plc appoints Mark Hodges as Managing Director, British Gas

Centrica plc is pleased to announce the appointment of Mark Hodges as Managing Director, British Gas with effect from 1 June 2015, at which time he will also join the Centrica plc Board.

Mark spent over 20 years with Norwich Union and Aviva plc, latterly sitting on both the Executive Committee and Aviva plc Board as Chief Executive, UK. Most recently Mark was Group CEO of Towergate Partnership, the specialist insurance broker.

Mark brings a strong understanding of the UK consumer market and a track record in improving business performance. He is experienced in working in a regulated environment, driving significant improvements in customer service and efficiency, offer innovation, major IT and change projects.

Ian Peters, currently Interim Managing Director, British Gas will remain with Centrica and take on the role of Director, Customer Facing Strategy. He will continue to be on the Centrica Executive Committee until the end of 2015, supporting the Group’s strategic review and Centrica’s contribution to the Competition and Markets Authority energy market investigation.

more....

Ex-divi 30th April 2015 (8.4p)

Citigroup stays neutral on Centrica, target cut to 265p from 270p.

That's fine tuning from Citygroup Harry...2%
Did they mention what time of the day next Friday (or the Friday after) it will achieve that price :-))

If only! An open ended stab in the dark!!! ;o)

IMS on Monday.

Interim Management Statement

Summary

Centrica is today providing an update on its business performance. Overall, the Group continues to trade in line with the guidance provided at the time of its 2014 Preliminary Results in February, with improved year-on-year profitability downstream expected to be more than offset by the impact of lower commodity prices on the upstream business. In the year to date, the Group has:

experienced colder than normal weather in both the UK and North America, resulting in higher than expected energy consumption in British Gas and Direct Energy;
progressed capital expenditure and cost reduction programmes in E&P against a continued low commodity price backdrop;
made good progress in strengthening its balance sheet and financial metrics, through the issue of £1 billion equivalent of hybrid securities and the sale of Lincs wind farm debt; revised Moody’s credit rating of Baa1 (stable outlook) is consistent with the Group’s target to maintain a strong investment grade credit rating;
launched group-wide strategic review covering: (i) outlook and sources of growth;
(ii) portfolio mix and capital intensity; (iii) operating capability and efficiency;
(iv) Group financial framework. The outcome will be presented at the time of the Interim Results in July 2015.
The Group’s earnings remain subject to the usual variables of commodity prices, weather and asset performance, and the uncertain outcomes of the UK General Election and the Competition and Markets Authority investigation into the UK energy market.


more....

Going Ex Divi as well this week paying 8.4p.

Into the gap once more......

As one gap closes ....

Deutsche Bank Hold 277.30 225.00 250.00 Upgrades

Jefferies International Buy 279.70 - 310.00 Initiates/Starts

Tentatively trading above the 200MA today...not an area we have been in for some time.