Ben Watson | Wednesday, 4th November, 2020 | More on: CNA See all posts by Ben Watson 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. Image source: Getty Images Simply click below to discover how you can take advantage of this. 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. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! bwatson1 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. The Scottish author Samuel Smiles wrote “we learn wisdom from failure much more than from success”. For me, this neatly sums up my investment in Centrica (LSE: CNA). Purchased as a defensive utility stock in 2010 at 326p, I briefly watched in satisfaction as my holding ticked up in value. I supported the share price growth with dividend reinvestment. In 2013, the Centrica share price touched an all-time high of over 400p.Centrica share price – the downturnSince that fateful day, Centrica has unleashed wave after wave of bad news onto shareholders. Numerous complaints about customer service and high prices forewarned an exodus of subscribers, at one point over 100k per month. Weak oil and gas prices accounted for more revenue falls. A struggle to dispose of unwanted assets led to another investor sell-off, and the Centrica share price continued to fall.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…For a short while I consoled myself with a generous dividend payment. This was cut in 2015, then suspended entirely amid the Covid-19 pandemic. Centrica was then demoted from the FTSE 100. All said and done, I sit on an 81% loss on Centrica share price capital as I write. This is before considering the opportunity cost of the investment. Had I put my money into Scottish Mortgage Investment Trust in 2010, I would now be rewarded with a staggering 771% growth.Foolish adviceI write this short confessional to Foolish readers to try and prevent you making the same mistakes as I did. Harvey Jones has told the story of the Centrica share price over the last decade. There were numerous opportuinities to sell my holding each time the bad news arrived, but I was reluctant to crystalise a loss. “Maybe they’ll recover”, I kept telling myself. The harsh lesson I learnt is that there can sometimes be no end to bad news. It is better to cut and run as early as possible.Centrica share price – the current pictureLower energy demand from businesses during the first half of 2020 saw revenues falling 14% and operating profits down 9%. An increase in residential demand has partially offset this. However, with homes and businesses suffering from Covid-19-related financial hardship, the group will have to increase provision for deferred payments and bad debts. Encouragingly, cash flow and liquidity remain strong. This puts the group in a good position to navigate the ongoing pandemic.There are signs that the group is entering a turnaround phase. It is easy to forget that Centrica is still the UK’s biggest household energy supplier, but hasn’t yet fully exploited this position. The simplification of the business coming from offloading exploration and nuclear divisions should bring stability. Restructuring should help increase profit margins over the next two years.Foolish summaryAs new chief executive, Chris O’Shea, gets to grips with a turnaround strategy there could be a case for a value investment. The Centrica share price may see significant upside potential. In my opinion, however, there are better candidates within the FTSE for this kind of investment strategy. As such, I will retain my current holding in the hope of growth and dividend reinstatement, but I certainly will not be adding to it. 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. Tempted by the Centrica share price? Read this first Enter Your Email Address Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997”
NOAA(NEW YORK) — There’s a good chance that conditions in the sea and atmosphere will produce a less active Atlantic hurricane season this year, according to a new forecast from the National Oceanic and Atmospheric Administration.NOAA released its updated prediction Thursday, which was a change from the agency’s forecast in late May that suggested normal to slightly above-normal activity during the period when hurricanes form in the Atlantic Ocean.The likelihood of a below-normal Atlantic hurricane season is now at 60 percent, up from 25 percent in May. The chance of a near-normal season has dropped from 40 to 30 percent, while the likelihood of an above-normal season has plunged from 35 percent to 10 percent, according to NOAA.NOAA’s seasonal forecasters considered several factors when updating the outlook. There’s now a 70 percent likelihood that El Nino, a warming of the equatorial Pacific Ocean that increases wind shear over the Atlantic Ocean and the Caribbean Sea, will form during the latter part of this year’s hurricane season. Moreover, sea surface temperatures across the tropical Atlantic Ocean and Caribbean Sea have continued to remain much cooler than average.The combination of cooler temperatures, stronger wind shear, drier air and increased stability in the region where storms typically develop will further suppress hurricanes, according to NOAA.But forecasters urged caution as the season enters its peak months, from mid-August to late October.“There are still more storms to come –- the hurricane season is far from being over. We urge continued preparedness and vigilance,” said Gerry Bell, lead seasonal hurricane forecaster at NOAA’s Climate Prediction Center.For the entire Atlantic hurricane season, which runs from June 1 to Nov. 30, NOAA predicts there will be a total of nine to 13 named storms (39 mph or higher winds), of which four to seven will become hurricanes (74 mph or higher winds), including as many as two major hurricanes (111 mph or higher winds).So far this season, there have been four named storms, including two hurricanes. An average six-month hurricane season produces 12 named storms, of which six become hurricanes, including three major hurricanes, according to NOAA.“Today’s updated outlook is a reminder that we are entering the height of hurricane season and everyone needs to know their true vulnerabilities to storms and storm surge,” said Brock Long, administrator of the Federal Emergency Management Agency. “Now is the time to know who issues evacuation orders in their community, heed the warnings, update your insurance and have a preparedness plan. Don’t let down your guard, late season storms are always a possibility, always keep your plans updated.”Copyright © 2018, ABC Radio. All rights reserved.