Centrica Live Discussion

robbh 01 Aug 2018

Results Frog - you will be moving to Octopus, who have also just picked up M&S energy customers. Will their systems and processes cope?

Gamesinvestor1 31 Jul 2018

Results paddington - hope is the word indeed – something positive needs to come out of this or it’s going to be a sad loss all around. Games

paddingtonbear 31 Jul 2018

Results Hi Games. Perhaps you and I are hoping that relative stability will be enhanced by a good sale price for the nuclear interests that are being prepared for disposal from September according to the RNS. PB

frog_in_a_tree 31 Jul 2018

Results Speaking as an Iresa customer, we will be dumped on to another supplier with balances protected. I think that Co-operative picked up the customers from the last collapse. If you were an Iresa customer, then you are by definition a switcher after cheaper rates and so British Gas seems an unlikely destination. Cheers, Frog in a tree

Gamesinvestor1 31 Jul 2018

Results Frog, maybe they can pick up a few from Iresa who went bust a couple of days ago. Perhaps if all the non producers were to go bust, the energy companies might stand a chance of some profit. Maybe they could start by cutting Conn’s pay packet - or better still remove his job function altogether, it might operate better with out a highly paid CEO? Games

frog_in_a_tree 31 Jul 2018

Results From the ii newsfeed: "In the six months to June, Centrica posted earnings before interest, tax, depreciation, and amortisation of GBP1.32 billion, up 7% year-on-year. However, the company’s adjusted operating profit was down year-on-year, by 4% to GBP782 million. Despite this, it held its dividend at 3.6 pence per share for the interim period, and Centrica said it expects its 2018 dividend to remain at 12p, as long as cash flow and net debt targets are met. Centrica said higher commodity prices and good production from the Rough field in the North Sea “largely” offset the fall in profit from its customer-facing divisions. In the Centrica Consumer business, adjusted operating profit fell 20% year-on-year to GBP430 million, with the fall hardest in the UK Home segment. Centrica said in the first quarter of 2018 energy consumption rose due to the harsh winter weather in the UK, but the company was hit by the full period impact of the UK prepayment cap brought in April 2017, lower customer numbers, and higher costs. Centrica Business adjusted operating profit slid 57% year-on-year for the half to GBP96 million." I also heard on the TV news that thay have lost another 100,000 domestic account customers. Frog in a tree

Gamesinvestor1 31 Jul 2018

Results [link] Hard to make head nor tale from this lot, but on balance it doesn’t look pretty. The statement that dividend can be maintained at 12p subject to cash flow targets looks ominous. I suspect given that they just missed this lot of cash flow targets, the next lot is highly suspect, especially as Conn seems to say anything to keep his job, however far from the real situation. Oh why do I keep hanging on here? Games

El_Kel 11 Jul 2018

EDF raises prices again Frog “The poorly regulated privatised model has been very bad for consumers.” Yup, THAT is the problem. Sort out the regulation. If it isn’t administered properly, then ANY new buiness coming in, eg Amazon, will get away with whatever it can. “In my view, CNA is not a safe long term investment.” Hmm. At the moment, it doesn’t look too rosy, but who knows? I use First Utility and have found them ok. As you doubtless know, they’re owned by Shell. If the new energy frontier is, eg, solar powered, then maybe a FAANG will invest in the huge solar farms and buy the likes of Centrica as Shell did with First Utility. And similarly improve the service. That may produce a windfall for utility shareholders, but again who knows. New entries are potentially just as bad as the supposed awful big 6, look no further than Extra Energy. The complaints chart for suppliers by size has lines converging; ofgem.gov.uk – 17 Jun 13 Compare supplier performance on complaints See data on energy suppliers' performance in handling consumer complaints. " The cynical exploitation of loyal customers is not a good look." No, it isn’t. But imo the cynical exploitation of customers league has been topped by tech companies. By a country mile.

frog_in_a_tree 11 Jul 2018

EDF raises prices again El Kel I agree with much of what you say. Of course there is no reason to believe that the tech giants will be trustworthy custodians of our utilities. Having said that, technology is here to stay and the Big 6 will have to get on board or get taken over. CNA’s current predicament is largely of its own making. The cynical exploitation of loyal customers is not a good look. It prospered for a long while making excessive profits which disincentivised any move to making the business more efficient. The result was inevitable. The poorly regulated privatised model has been very bad for consumers. In my view, CNA is not a safe long term investment. Cheers, Frog in a tree

frog_in_a_tree 08 Jul 2018

EDF raises prices again A major article in today’s ST suggests that bleak times are ahead for the Big Six as tech companies muscle in on their business and decarbonisation reshapes to power industry. The article notes that CNA’s share price has fallen 60% since late 2013 and that there is no prospect of a saviour in sight. The days when they could exploit and overcharge their customers are disappearing fast. Cheers, Frog in a tree

El_Kel 05 Jul 2018

EDF raises prices again "EDF Energy raises energy prices for second time this year EDF Energy is raising its prices for dual fuel customers by 6% from August, which will add £70 a year to the average bill. EDF is the second of the “big six” energy suppliers to raise prices for the second time this year. E.On started off this new round of price rises in the middle of June…" BBC News EDF raises energy prices again The energy supplier is increasing prices by 6% for dual fuel customers, following a rise in April.

El_Kel 28 Jun 2018

Centrica bullish on BREAKOUT SP has been touching 160 intraday and this is the longest period it has remained above 150 since it crashed through in mid 2015. Gotta take positives with cna where possible… Anyone know if you can insert a chosen period of sp graph like we could on the old site?

BuySel 24 Jun 2018

Centrica bullish on BREAKOUT On breaking previous Intraday high 156.90p last Friday was a BREAKOUT and finishing @ 158p. Not only that but the share price has recently crossed over 200 days MA, being a bullish moment for the share price, and more to come as a "golden Cross is on the way, this happens when 50 days MA also rising fast is now not far away from cross over the 200 days MA.

ValueSeeker8 15 Jun 2018

Market report: Centrica ahead as price-cap fears ebb The times: “Strong demand for Centrica shares made it the second biggest riser in the leading index after Jefferies argued that the City was underestimating its ability to strengthen its balance sheet and raise billions of additional capital through disposals.” While the Telegraph published the following: ://www.telegraph.co.uk/business/2018/06/12/market-reportcentrica-ahead-price-cap-fears-ebb/ Disappointed to see the SP drop a little today though and not continue the rise.

johnymccarthy 02 Jun 2018

Re: dividend ? Yes, also many thanks.Both dividend data and max are very useful tools.