Robert Sutherland Smith is again proving that he is still alive with another guest post. Robert started his City career the year before I was born and is, I think, 157 years old. Fear not. He is very much alive and kicking. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at various places ( including Shareprophets.com naturally) on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 5th 2014. He is a great one for focussing on yield. RSS today looks at Centrica. RSS writes:
The Centrica (CNA) narrative does not read like a John le Carrier novel. But its story has to be understood and explained if for no other the reason than it is a significant provider of high dividend yield income in the age of quantitative easing, low interest rates and low annuity rates. So instead of immediately leading you through a tantalizing tale of its activities during the first three months of the year, I shall start by alerting you to the fact that the company, having had a good winter at – quite literally- our expense, states that “we expect the residential energy supply business to deliver an operating profit for the full year in line with expectations, weighted towards the first half”. That has arisen because of the extended spell of cold and miserable weather in the UK during the first three months of an unforgettable year. April and May have not exactly been warm much of the time either.
on TradingResearchPoint | Comments
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