Centrica (#CNA) – currently expects FY adj. EPS “around the top of the range”
- 2022-05-10 07:32:42
UK 21:26 Monday, 21 September 2026
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I have made and and I have lost money in Centrica (CNA) shares over the last twenty-five odd years. I guess - helped by the dividend flow - I am probably ahead over time, but it has only been a bit more interesting than keeping money in your bank (and let’s not even talk about the reality of underlying inflation over time for this). Unlike over thirty of its peers in the gas/electricity industry, it is highly unlikely to ever go bust though as at least it hedges its purchasing (and the benefit of being ‘British Gas’ for ever, is that you have seen almost all the possible historical challenges out there).
Buying shares in a large company which seems to be going through a rocky patch is always a risk, as in some cases these companies never actually manage to recover, but if you do get it right it can be very lucrative and Covid appears to have helped to create some good opportunities. Energy provider, Centrica (CNA) has performed terribly over the past six or seven years and anybody who has held it as a long term investment during that period of time will be sat on a sizeable loss. Even prior to the arrival of Covid it was already in a downwards spiral with high levels of debt and falling profitability, but the virus accelerated that and even though the markets and many energy shares have recovered to some degree in recent months, Centrica is still trading closer to the lows with a share price of 44.8p...
Centrica (CNA) updated the market this morning with its half-year report…..and the proposed sale of its US unit, Direct Energy for $3.6 billion. With the sale process of Spirit Energy still to be restarted once commodity and financial markets have settled and the eventual divestment of its nuclear business still to come, Chris Bailey reckons it looks like this is a trip back to the future as the company returns to its mid-80s look as a regulated UK business. Here, here.
Hello, Share Diggers. This week I’ve been considering companies that may not suffer as much as others from the lockdown. Today I invite you to look at the big electricity suppliers...
It is hard to find anything positive to say about the interims from Centrica (CNA) this morning. Perhaps the most positive thing is that the dividend hasn’t been stopped altogether, but given the big slide in the share price the new target of 5p per share in dividend means a yield of 7.5%, suggesting that the market still doesn’t believe that is sustainable and thus might get chopped again...
I commented HERE some three months ago that fully-listed Centrica (CNA) bosses seemed to be helping themselves to big piggy pay-rises and bonuses ahead of chopping the dividend. Well here we are: the papers are full of stories that the payout it indeed now to be hacked.
Maybe I’m just a blinkered old fool, but I just cannot believe that Jeremy Corbyn will get his feet into Number 10. As such, the biggest part (for me) of the case to sell Centrica (CNA) falls apart in my view. Here is why.
Centrica (CNA) has been a head in hands investment for the last couple of years...but I do hope that Gary is correct with his assertion the other week about the medium-term recovery potential given i am a (modest) holder.
The past couple of years haven’t been great for FTSE100 stock Centrica (CNA), including the share price having halved during that time, but it could have recovery prospects from the current share price...
I am a patient investor and Centrica has had its fair share of problems. Some have been self-inflicted (losing customers), some imposed on it (the government price-cap) and some hark back to the previous regime and others are just a difficult market. As a shareholder, I’m sure the board will do what is necessary to get things back on track. Yet in the face of falling profits and the dividend under serious threat I see monster pay rises. That, in my view, is totally unacceptable.
Investment can be a kind of introspective business and it struck me yesterday that it was kind of interesting that when i wrote up my latest musings on Marks & Spencer (MKS) the other day, I did not even mention the dividend cut. It was not as if I did not know about it but in an article where I probably squeezed in too many corporate names, it did not feel that relevant versus the Ocado related money raising, continued roll-out of the new strategy and the reiteration of numbers. I found it interesting too that you had to delve quite deep into the deadwood press articles of the next day to spot this aspect of the update too.
