Questor share Tip: Centrica shares are purchased for income and growth
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Centrica
332.2 p - 1.2
Questor says BUY
Update for the third quarter yesterday said that everything was on the right track and that the company is to meet its objectives.
Vertical integration is important for companies with products such as gas, because it removes some of the volatility of the prix.essentiellement risks, this means that a company owns all parts of its supply chain, so fluctuations of the market in the price of gas will not strike his difficult business.
Centrica, by the purchase of oil and gas FTSE 250 issues production company has its own oil production and gaz.De this fact, it held hostage in all wild fluctuations in the price of energy, something that could potentially occur in the future.
A set of 20pc in British Energy nuclear group purchasing means also that he will have part of the new generation of power plants, providing exposure to a corporate energy United Kingdom low carbon development program.
Lower after yesterday's bordered Centrica actions because no there was no upgrade expectations throughout the year, as some had espéré.Au rather than this, the company said it expects all year operating profit will be slightly ahead of the expectations of the current market - offset by tax charges and interest, in particular, joint ventures and associates.
This means that Centrica expects earnings per share will be consistent with current expectations "subject to usual weather, prices and yield of production variables".
Of course, the thrust of Government policy is for us to use less energy thanks to efficiencies – and this trend is reflected in the Declaration.
Use of domestic gas fell 2pc and electricity consumption was 1pc lower in the third quarter, compared to the same period last year.
The company has a large service company, it is likely to benefit from energy efficiency measures even if demand is reduced.
Centrica is the largest installer of solar in the country and also said yesterday that they would buy Cool Planet Technologies, a company for ￡ 500,0000 in espèces.Refroidir designs Earth heat pump installation, sells and installs both directly environmentally ground source heat pumps for clients and also as a subcontractor for large-scale advertising projects and public sector.
Belonging to Centrica British Gas continues to grow its share of marché.Depuis the beginning of the year, the number of accounts of residential energy supply increased by 270,000, while the number of service accounts increased by 181 000.Le gas company distribution arm to increase charges of 7pc at the beginning of next year, which should help sustain margins in the first half of 2011.
Shares are trading on December 2010 multiple 13.3 times earnings, falling to 12.3 year prochaine.Le performance is 4 1pc, amounting to 4 5pc next year is therefore attractive income applicants.
Shares were initially recommended may 12 283.9 percent and now they are in advance of the initial recommendation in a FTSE 100 until 6pc.Les 17pc shares remain a purchase.
