Results: CNA

Search articles by EPIC code

Centrica – interims see dividend slashed, CEO walk, Debt up and a loss. What’s not to like?

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...


Centrica – Iain Conn and the NEDs: if you think this is acceptable it is time for your P45s

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.

Page 2 of 5 (48 articles)
Subscribe to our newsletter

Daily digest of our latest stories.

Search ShareProphets

Complete Coverage

Recent Comments