jackdawsson
10 Apr 2018
Re: British Gas PRICE INCREASE: Energy bills... "Twill all help to pay the Dividend!!"========== ========== ========== ========== =========IDWTL,Indeed, but more significantly, SP is down on the news in a rising market. Though it doesn't affect those on fixed tariffs, it still hits a whopping 4.1M BG customers. After the previous exodus of customers, patently the CEO had learned nothing & presumably market now expects many more customers to leave in future.IMHO, any company paying divis they can't sustain, resulting in the need to hike prices further & risk driving away yet many more customers, is a company that's badly run & heading for more troubled waters. I've seen enough bad CEOs elsewhere, like we have here now, ruin otherwise sound companies. It can then take ages for a really top CEO to repair the damage. I still plan to exit here by ex-date on 10th May, but no advice to others intended as there is a gap at circa 163 which may be fillable later. To each their own necessarily applies in all things relate to money & markets. But today is yet another disappointment in a series of them. CEO won't worry as he still gets his rewards & free bonus shares, even if he is a useless pratt! - GLA.
II Editor
10 Apr 2018
NEW ARTICLE: Stockwatch: Get lucky with this 8% yield "Is £7.9 billion integrated energy group LSE:CNA:Centrica shaping up as a genuine 'buy', or a superficial high-yield play with poor fundamentals?I drew attention last December at 138p following a drop from 160p after a 27 November update cited the ..."[link]
idontwanttolose
10 Apr 2018
British Gas PRICE INCREASE: Energy bills to go up for FOUR MILLION Twill all help to pay the Dividend!!British Gas PRICE INCREASE: Energy bills to go up for FOUR MILLION homesBRITISH Gas is increasing energy bills for 4.1 million dual fuel customers on its standard variable tariff by an average of 5.5 percent, or £60 a year, blaming rising wholesale energy and Government policy costs.British Gas price increase: The firm has blamed rising costsThe price of British Gas's SVT will rise to £1,161 a year for a typical dual fuel customer, the company's owner, Centrica, said.British Gas cited increased wholesale gas and electricity costs and the price of Tory policies as being behind its latest hike.It blamed initiatives such as the smart meter roll-out and schemes to reduce carbon emissions, and argued that the funding of "all Government policy costs should be paid for in a fairer way such as through general taxation".British Gas announced plans in November to scrap SVTs for new customers ahead of Government plans to impose a price cap on costly energy products, which Centrica warned could have "unintended consequences" for the market.British Gas said its SVT "default tariff" was withdrawn for new customers last month and all existing customers are being "contacted to encourage them to choose one of our fixed-term deals".The price hike will not hit the 3.7 million customers who are on fixed-term contracts, prepayment meters or classed as vulnerable.Chief executive Mark Hodges said: "We fully understand that any price increase adds extra pressure on customers' household bills. This increase we are announcing today is reflective of the costs we are seeing which are beyond our control."We continue to work hard to reduce our own costs and keep our prices as low as possible. We have seen other suppliers raise prices and Ofgem increase the level of the prepayment tariff cap largely due to increasing wholesale energy and Government policy costs."Government policies, intended to transform the energy system, are important but they are putting pressure on customers' bills. We believe Government should level the playing field so the customers of all suppliers pay a fair share of energy policy costs."Energy firms across the board have been facing pressure for some time over the way they treat customers, with controversy over pricing and the use of standard variable tariffs which have been deemed poor value for consumers."We also continue to call on Ofgem to end the standard variable tariff across the market, which would encourage customers to proactively seek the best energy deal for them," Mr Hodges added.
onewayticket
28 Mar 2018
Exane Research Note Is your reason[link] due diligence.
jackdawsson
28 Mar 2018
Okay day, but still seems cheap SP at 141+ as I write after opening 136.80, so not a bad day in context considering much of the FTSE either static or struggling again. Recent controversy about Corbyn's stance on anti-Semitism will have done him no favours as regards his future electability, which may help allay some of the more damaging uncertainty about the future of the energy sector. Bigger hurdle may come around 147/148 levels, when we eventually get there. We've not finished above 147.70 since the sharp gap-down after poor results on 23rd November. In fact we've fallen back from that level a few times. Lots of resistance. If we can get past that level with volume, then the gap at 163+ seems more fillable. - GLA.
Temujiin
27 Mar 2018
Iresa Energy in trouble Energy firm Iresa has been banned from accepting new customers until it starts to clear a backlog of complaints.[link] Nottinghamshire-based firm is among scores of smaller suppliers taking on the big six energy firms. It regularly appears on price comparison tables.Issues such as a 40-minute average wait for answering calls and concerns from vulnerable customers has led to a rare intervention by the regulator.Iresa apologised and said it was improving its service.When BBC News attempted to contact the company, our call was said to be 38th in the queue.
onewayticket
25 Mar 2018
Re: Credit Suisse I know that Credit Suisse will have number crunched but the simplest of facts is that we are nearly at the end of March and many people will still have their heating on. Towards the end of last year and the first quarter have been extremely favourable for CNA in respect of cold and adverse weather. More certainty regarding maintaining dividends at present levels should see it rise higher.Own due diligence
jackdawsson
23 Mar 2018
Re: Credit Suisse "Credit Suisse today reaffirms its outperform investment rating on Centrica PLC (LON:CNA) and raised its price target to 175p (from 170p)."========== ========== ========== ========== =======Hi JW,Despite my cynicism toward most broker upgrades & downgrades, it's a timely upgrade from CS. Whilst most of the FTSE is further rattled by fears of extensive tariff wars between US & China, plus recent strength in Sterling & concerns about UK rate rises, altogether creating sufficient jitters for UKX to drop by over 900 pts in just over 2 months, certain sectors such as this may now increasingly be viewed as more more defensive.Though I think CNA has been badly oversold anyway (but then I would do as I still hold 1 tranche of shares at 138.68 + 4 leveraged longs), & it may be too early to call a decisive turnaround, today's rise might be seen as encouraging in context. SP 134.25 as I write, volume steadily rising & we've support at 130+. But next week will be more telling as regards confirmation of a change in trend. That said, no denying some widely shared huge disappointment here. The sooner I see my target on the real shares at least, hopefully circa 148+ to 150, the better I'll feel. - Regards.
Jack_Walsh
23 Mar 2018
Credit Suisse Credit Suisse today reaffirms its outperform investment rating on Centrica PLC (LON:CNA) and raised its price target to 175p (from 170p).
Shotry
21 Mar 2018
Re: Watch the price carefully Hi Andy, yes everything is ok for us. Been an interesting year with a preponderance of good decisions (which is not always the case).I think a lot of people feel quite safe trading/investing under the FTSE 100 moniker, I'm not sure they understand how volatile the index has been with respect to its constituents. FTSE 100 was formed in 1984 and from memory 70-80% of the original constituent companies are no longer part of it. In fact more than 50% have left the index since 1999/2000. Some merge, some are bought out, the market cap of some falls and non-constituent companies develop a larger market cap and push others out. A few also go bust, Ferranti, Polypeck, MFI, woolworths and there must be others. I don't have the first idea how to get a grip on who's going to do well and who's not, although I don't like competitive tendering for long term contracts (Carill(i)on) and micro-focus spring to mind obviously. But I do , very much enjoy charts. I also like your posts, although it's been a while since we've been on the same board I think. I've just added you to my favourites, should have done that a long time ago. You talk a lot of sense and you seem to have a good knowledge in areas where mine is hopelessly facile. You adding your voice to the downside troop adds weight to it. For the moment I see long positions as very much at risk with history favouring further losses on CNA, but there are things about the chart that make it worth watching. For example on the daily chart it is just posible that there is an big inverse H&S forming. The problem is that price would need to close above 150ish to activate that. If that were to happen, then a run up to 180 area would seem plausiable. A fall below 122 negates that possibility. For the moment the trend on the daily chart remains bearish and see no rush to enter on the long side.How are things for you?
viko
21 Mar 2018
Bca marketplace share look cheap [link]
Andy Reilly
20 Mar 2018
Re: Watch the price carefully Hi S - "More likely, it now appears any weakness below 133p risks a continued drop cycle toward 102p with some bounce potential. The severe (and stupid sounding) secondary calculates at 66p. This is a point where we'd hope some real recovery to commence." (From TA analysis by Straing on iii) CNA is clearly 'on the cusp! 102p and then a possible 66p!? Wow! Its going to be a very interesting 'watch' - clearly some caution is advisable as its fatal to 'assume' anything when 'sentiment' is under pressure! I hope all goes well for you, and my commisertions to long term holders - ATB
Temujiin
14 Mar 2018
Martin Lewis ... Website MoneySavingExpert.com Recieved by many, and contrary to perceived wisdom, highlights a good BG deal Energy alert: E.on backdoor price hikeBritish Gas & Ovo cheap deals• Special British Gas £260/yr cheaper 1-year deal, and even existing customers can get it. £876/yr with typical use incl MSE cashback.This special tariff is not available direct from British Gas, by phone or online. To get it you have to go via a comparison site such as our Cheap Energy Club. Use our special 'Big name suppliers' comparison to see how it compares against other names you've likely heard of (and then use the filters to see whole of market).- It's dual fuel only, fixed till 31 Mar 19.- You'll need to get a smart meter fitted by 31 Jul 18 (if you can and you've not already got one), which helps ensure you only pay for what you use. They can go 'dumb' if you switch again, but it just means you'll need to do meter readings yourself.- You'll need to pay by monthly direct debit, have paperless billing and sign up for the free British Gas Rewards scheme.- It has £60 early exit fees (but you can take it with you if you move).- Existing British Gas customers can also switch, and any exit fees will be waived, plus you'll get cashback.• New. Or Ovo, mid-sized firm with TOP CUSTOMER SERVICE for the same price (on average). £875/yr with typical use incl MSE cashback.
Shotry
14 Mar 2018
Watch the price carefully around 132. if you're long, you could do with seeing price defended around there. don't forget 75% of companies that publish a profits warning, follow it with another, might be some good trading to be had here at some point, but I think it remains speculative for the moment.
viko
13 Mar 2018
Bca marketplace share look cheap They are in the rise worth a look
