Latest Views & News

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

By Nigel Somerville | Tuesday 30 July 2019

Disclosure: I own shares in one or more of the stocks mentioned. 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.

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...

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

Become a member starting at £5.99 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



Malcolm Stacey is Moving House

Monday »


Wood Group - a Buy (again)?



Video: Bubbles always implode

Tuesday »


Mondi – a recovery and income Buy?