UK 20:37 Monday, 21 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Hello Share Bunnies. As the days darken and cool, central heating outfits tend to move into favour with investors. That makes little sense, I know, as the wiser punter looks at the year’s income as a whole, not just at one season. But there is often no common sense in Shareland, so why start now?
Hello Share Fans. This old punter thinks Centrica (CNA), the owner of British Gas, is undervalued. That’s not surprising given the perception that energy suppliers like this are under government pressure to keep bills down. And the wholesale price of gas is reducing in Europe now that other ways are being found to overcome shortages with the war in Ukraine.
Whilst the world of Scottish politics dominated yesterday’s news, it will not be the lead story today as Centrica (CNA) has announced a big FY22 profit number and that has made a lot of people very grumpy. And there is no doubt that £3.2 billion of “upstream” gas, nuclear, storage and other energy actions akin to a Shell (SHEL) or a BP (BP.) is a good amount of money (and will be heavily taxed). Meanwhile, its British Gas, Dyno and Hive part of the business - which I am sure many of you use in your own home - made £94 million, a tiny return from a company with many millions of home users. But apparently Centrica has gone horribly wrong. I even saw somebody said today that it should be renationalised. Of course, this is all utter madness.
