The Centrica share price has crashed. Here’s what I’d do now

first_img See all posts by Roland Head Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” British Gas owner Centrica (LSE: CNA) has been a disappointing and painful investment in recent years. The Centrica share price has now fallen by 90% from all-time highs of 390p+ in August 2013.My own holding is deep underwater. So far, it’s been one of my worst investments ever. It’s tempting to write the stock off, but I think that would be a mistake. I’m convinced that Centrica shares offer value at current levels. Let me explain why.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The perfect storm?The coronavirus pandemic has not made things any easier for interim chief executive Chris O’Shea to reverse Centrica’s falling share price. The ex-finance boss only took charge two weeks ago, but he’s already been forced to issue a pretty grim trading update.Among the problems he mentioned were a slump in energy demand due to business closures, and an expected increase in bad debts. Revenue from the group’s service and solutions business is also expected to fall, as the company restricts its operations to essential work.Elsewhere, the much-needed sales of Centrica’s nuclear power stations and its oil and gas business, Spirit Energy, have been put on hold following the oil price crash.Unsurprisingly, the 2019 final dividend has been cancelled. The company has also withdrawn its financial guidance for 2020.How much lower can the Centrica share price fall?I don’t think the Centrica share price is likely to fall much further. There’s already a lot of bad news in the price. And for all its problems, I believe Centrica has some significant attractions.First of all, it’s worth remembering that the coronavirus pandemic, although terrible, won’t last forever. When it’s over, Centrica’s customers in the UK and US will still need electricity, gas, and related services.British Gas may not always have had the best reputation with customers, but it’s the biggest energy supplier in the UK, with more than 9m customers. That’s not likely to change anytime soon.The firm’s reputation might even improve as a result of the current crisis – O’Shea says that several hundred service engineers have volunteered to visit customer homes for emergency repairs “where there may be a higher risk of COVID-19”. If you were ill and infectious and someone came to fix your heating, I imagine you’d remember them well.Do the numbers add up?A good story is no good if a company’s finances are unsustainable. Fortunately, I don’t think that’s the case at Centrica. Although I think the group’s £4bn debt pile is a little too large, very little of this needs to be refinanced before 2022.In the meantime, Centrica has cash and unused credit facilities totalling £3.3bn. This is roughly equal to one year’s operating costs. This suggests to me that the group should safely be able to survive the coronavirus crisis lockdown period.I think the key to unlocking a recovery in the Centrica share price is for O’Shea to be able to complete the transformation plans put in place by ex-boss Iain Conn. The end result should be a service business with higher profit margins and stronger finances.I see Centrica as a value stock with good income potential. I’d buy at current levels. Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The Centrica share price has crashed. Here’s what I’d do now Roland Head owns shares of Centrica. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Roland Head | Saturday, 4th April, 2020 | More on: CNA last_img read more

Court ruling poses threat to online free expression

first_img to go further January 16, 2010 – Updated on January 20, 2016 Court ruling poses threat to online free expression August 12, 2020 Find out more Organisation Follow the news on Jordan News Help by sharing this information JordanMiddle East – North Africa Coronavirus “information heroes” – journalism that saves lives Receive email alerts RSF_en center_img Reporters Without Borders is concerned about a ruling by Jordan’s highest appeal court, published on 13 January, that news websites and electronic media are subject to the country’s press and publications law. Media and communications minister Nabil Al-Sharif told the Jordan Times that the court’s decision was reached independently and should therefore be applied.The ruling poses a real threat to online free expression in Jordan, where the traditional media usually toe the government line. With the authorities determined to rein in online news and information, there is a danger that Internet users will follow the example set by print media journalists and censor themselves out of fear of sanctions. The court’s ruling comes just days after the media and communications minister brought a defamation suit against Abdul Hadi Raji Al-Majali, the editor of the Ejjbed.com website, over a series of articles about alleged illicit enrichment by members of his family and a lack of transparency in the way his elder brother’s companies hired employees.The Ejjbed.com articles also accused the minister of not having the degrees mentioned in his curriculum vitae and one of the articles, published on 8 May, was written in Egyptian dialect in an allusion to the minister’s Egyptian origin. Majali also works as a journalist for the daily Al-Rai, the country’s leading pro-government newspaper.“It is incredible that the media and communications minister is suing a journalist in a country that claims to be democratic,” Majali told Reporters Without Borders. “This case is disturbing. In two weeks the Union of Journalists is going to decide whether or not to expel me and everyone knows that the union takes its orders from the government.” Jordan bans coverage of teachers’ protests News Two Jordanian TV journalists arrested after broadcasting criticism of lockdown JordanMiddle East – North Africa April 14, 2020 Find out more News June 15, 2020 Find out more Newslast_img read more

NEWS SCAN: H5N1 in Egypt and Hong Kong, anthrax vaccine complaint, meningitis epidemic, MRSA in an elephant

first_imgMar 5, 2009Egypt reports H5N1 in another toddlerEgypt’s health ministry announced yesterday that a 2-year-old boy from Alexandria governorate was hospitalized with an H5N1 avian influenza infection, according to a report posted on Egypt’s Strengthening Avian Influenza Detection and Response (SAIDR) Web site. He became ill on Mar 3 and was admitted the same day to the Alexandria Fever Hospital, where he received oseltamivir (Tamiflu). The ministry said his family had had contact with sick and dead poultry. The case will be listed as Egypt’s 57th if it is confirmed by the World Health Organization (WHO). It is the second H5N1 case in an Egyptian toddler this week.Report says wild birds likely caused Hong Kong outbreakThe source of an H5N1 outbreak at a Hong Kong chicken farm in December 2008, Hong Kong’s first farm outbreak since 2003, was probably wild birds, according to findings released by the Hong Kong Agriculture, Fisheries, and Conservation Department (AFCD) today. Genetic analysis indicated that the H5N1 virus belonged to clade 2.3.4, which is commonly found in southern China. It closely resembled isolates obtained from Hong Kong poultry markets in June 2008 and from a wild bird found in March 2008. Scientists found no mutations that would make the virus more transmissible in mammals, the report said.[Hong Kong AFCD press release]Israel answers soldiers’ complaint about anthrax vaccineThe Israeli government, responding to complaints from two Israeli soldiers, said yesterday it took “full responsibility” for side effects suffered by participants in a trial of two anthrax vaccines from 1998 to 2006, according to a report in the Jerusalem Post. The trial compared Israeli and American vaccines and involved 716 soldiers, 11 of whom, representing both vaccine groups, later required treatment. Two soldiers submitted petitions claiming that the medical monitoring and care of participants were inadequate. The government said all the volunteers were educated about the vaccine in advance and that all who requested medical care received it.Thousands of suspected meningitis cases reported in NigeriaThe Nigerian government reported that the country had 5,323 suspected cases of meningococcal disease with 333 deaths between Jan 1 and Feb 22, the WHO said today. Suspected cases have been reported in 22 of 37 states. The WHO said the International Coordinating Group on Vaccine Provision for Epidemic Meningitis has approved the release of about 1 million doses of vaccine for mass vaccination campaigns in affected parts of Jigawa and Katsina states. A sound vaccination strategy is important given the large population at risk and moderate global vaccine levels, the WHO said.[Mar 4 WHO statement]MRSA spread from zoo elephant to caretakersIn the first reported transmission of methicillin-resistant Staphylococcus aureus (MRSA) from a zoo animal to human caretakers, a baby elephant at a San Diego zoo passed the skin infection to at least five zoo workers last year, according to an article published today by Morbidity and Mortality Weekly Report (MMWR). The report also documents the first known case of MRSA in an elephant. Analysis showed that the strain was USA300, the type most commonly involved in community-associated MRSA outbreaks in the United States. Investigators said the elephant calf probably acquired the skin infection from a colonized human caretaker. Three of the caretakers received oral antibiotics for their mild skin infections, but the prematurely born elephant was euthanized because it failed to thrive.[Mar 6 MMWR article]last_img read more

All September matches to be broadcast live in UK, says Premier League

first_imgTopics : All 28 Premier League matches scheduled to be played in September will be broadcast live in the United Kingdom, the league announced on Tuesday after a shareholders meeting.The new season kicks off on Saturday with eight matches on the opening weekend and the clubs agreed they will be broadcast via Sky Sports, BT Sport, Amazon Prime Video and the BBC.All matches are being played without any spectators in attendance due to the COVID-19 pandemic. “Sky Sports and BT Sport have already selected 17 matches for live broadcast for the first three match rounds of the 2020-21 season,” the Premier League said in a statement.”Of the remaining 11 matches, Sky Sports will broadcast an additional six, BT Sport a further three and BBC and Amazon Prime Video one each.”The season kicks off with Arsenal’s visit to newly-promoted Fulham while title holders Liverpool host Leeds United who won the second-tier Championship last season.The league said they were also in discussions with BBC Radio and talkSPORT for a similar solution for radio and were talking to stakeholders about arrangements for matches from October.Manchester City and Manchester United are not involved in matches on the opening weekend due to their participation in the latter stages of last season’s Champions League and Europa League respectively, which only ended last month. last_img read more

Trask, UW eye Drake, Indiana following big win over Marquette

first_imgFor the first time in head coach John Trask’s four-season career at Wisconsin, the men’s soccer team claimed victory over Marquette last Wednesday.Looking back at the win over the Golden Eagles in his press conference Monday, Trask applauded the strong play of Badger attacker Nick Janus.“Nick has been tremendous. He scored the game-winner against Marquette. It was a bit unfortunate he couldn’t get another one,” Trask said. “He’s playing with that senior drive and energy and he, along with some other guys, are key to the attacking units of this team.”As senior midfielder Tomislav Zadro continues to recover from meniscus surgery, Wisconsin looks to Janus to provide some stability in the team’s play. With no timetable set for Zadro’s return, Trask is hoping his team continues to find success with their current group of healthy players.“Tomislav has been out a little while. We’re not sure exactly when we’ll get him back. But as I mentioned to the guys, let’s get that big white elephant out of the room,” Trask said. “These guys needed to prove to themselves, not to us as coaches, but to themselves that they could beat a good team without Tomislav. And then when and if we’re able to add Tomislav back into the team we become a much more dangerous team.”The Badgers are now 6-2-1 (0-1 Big Ten) as they look ahead to their upcoming battle with Drake Tuesday night. The Bulldogs are riding a six-game winning streak heading into the game. Although posting a mediocre overall record of 5-3-2 (1-0 Missouri Valley Conference) Trask knows they will be taking on a solid Bulldogs team.“Drake is a very well-coached team,” Trask said. “They’re the type of program that’s maybe not consistently year-in and year-out a top 15, top 20 program. It seems like every couple of years they put things together, and it looks like one of those years.”Later in the week the Badgers face defending national champion Indiana. The Hoosiers have struggled to collect victories so far this season heading into their meeting with the Badgers Friday night. At the midpoint of the season, the Hoosiers have recorded just four wins with an overall record of 4-6-1 (1-1-0 Big Ten).Since it will also be Homecoming weekend, Trask said he’s looking for his Badgers team to tap into the atmosphere and gain some energy for the game. With thousands of alumni making the trip to Madison for the weekend’s festivities, Trask is hoping fans in town to see Wisconsin football also take time to come out for Wisconsin soccer.“It’s a great week for UW Athletics. There is a great soccer crowd in town,” Trask said. “We’re hoping for a good crowd tomorrow and a real good crowd on Friday night. I’m sure if 83,000 are coming to the football game we can share that a little bit with men’s hockey (who plays at the same time) and hopefully draw a few of those people who are back in for the weekend.”Although the matchup against Indiana is important for Wisconsin, Trask doesn’t want his team to lose sight of the competition that comes first against Drake.When asked whether his team will be able to focus on Drake with such an important matchup coming later in the week, Trask reiterated a point UW Athletic Director Barry Alvarez had given the team earlier in the season.“For us as coaches, all that matters is the next game. Men’s soccer, only having six games in conference, you’ve got to do the business. If you want to get to the dance you’ve got to do the business in your nonconference portion,” Trask said. “Sometimes a gentle reminder, more importantly a kick in the ass, makes people realize that if we aren’t focused on Drake we won’t win that game.”last_img read more