UK 05:08 Sunday, 25 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The recent downtrend in Centrica (CNA) shares (269p last seen) has found some resistance. They have bounced off a low 258p level where they were, on last year's dividend payout of 17p, on an historic dividend yield of 6.5%. Was the market assuming that a dividend cut was discounted or that the share was horribly oversold because there might be no dividend cut?
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Comments
Phil
Can’t understand why you say the shares were around the £1.80 level last year Malcolm? More like £3 +. Apologies if I’m missing something here!
Miserly Investor
180p? Centrica’s share price hasn’t been that low for over 10 years.
Could you clarify please.
Richard
Yes, I am a bit confused as well.