From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

Thank you, Centrica (and I was silly not to buy your shares in late 2021)

By Chris Bailey | Thursday 16 February 2023


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.


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.
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:



Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

PICH

Pitch Pit – this stinks

 

GEX

Georgina Energy: Lyin’ Yet again

Time left: 08:09:47