Centrica Share Discussion Threads

[portside1] 13/12/2017 10:59

its just started to rain

[portside1] 13/12/2017 10:58

hello OP you ok . my other holdings going well .

[sicker] 13/12/2017 10:57

Scotland, east. I see blue sky and light cloud :-) 2°c

[portside1] 13/12/2017 10:55

those that took scrip share must be sick notice the directors did not .

scrip share price 174p share price 142p 32p down . and that's only the scrip share

but any investor that takes scrips is NOT AN INVESTOR JUST A IDIOT

[optomistic] 13/12/2017 10:52

sicker, you would need your wellies on here, very damp underfoot.

[sicker] 13/12/2017 10:50

Well, I'm off to golf at 12.00 (silly me :-)

[optomistic] 13/12/2017 10:43

Enjoy a relaxing afternoon Porto, it will do you good :-)
RAFA Christmas dinner for us :-))

[portside1] 13/12/2017 10:36

OFF TO THE CLUB AT 12 WILL BE THEIR TILL 11PM ITS WARM AND GOOD BEER

[portside1] 13/12/2017 10:04

I will speak at the agm as I did when tell sid I was in the papers I will attack CONN /CHAIRMAN AND THEY WILL HAVE NO ANSWERS TO MY QUESTIONS ABOUT THEIR TENURE

[sicker] 13/12/2017 09:56

portside,The rage in your posting can be doing your blood pressure no good :-(

[portside1] 13/12/2017 09:52

CAREFUL READ THE REPORT THEY LOST NOTHING ,

[portside1] 13/12/2017 09:51

NORTIC I AM FINE THANK YOU I AM JUST POSTING A FEW FACTS

in 2015 the directors bonuses were 3 times that of share holders
in 2016 it went down to just under twice that of divs .

but when you take into account of their given more shares to cover the share price fall it goes up to over twice ,

HOW CAN DIRECTORS STAY SO SILENT FOR OVER 3 YEAS M/C DOWN 65% yes 65% AND THE REMUNERATION UNDER LESLEY SAY THEY ARE DOING A GREAT JOB THAT IS WHAT SHE IS SAYING

[careful] 13/12/2017 09:48

I thought the directors were stripped of certain awards and vesting as they failed to meet profit targets.

[nortic 007] 13/12/2017 09:45

PortsideSell up a move on then. You'll give yourself heartburn at this rate.

[portside1] 13/12/2017 09:38

COLD WEATHER OIL UP GAS UP . CENTRICA DOWN THE SILENCES AND NONE ACTION FROM THE BOD
SPEAKES VOLUMES BUT ALAS THE REMUNERATION COMMITTEE ARE LOOKING AFTER THEM AND THEY IN TURN ARE BEING GIVEN BONUSES .

ITS CRIMINAL AND THE SFO SHOULD LOOK INTO THIS . OVER THE LAST 3 YEARS THE BOD HAVE DONE NOTHING BUT PICK UP FREE SHARES SALARY AND SPENT VERY LITTLE TIME AT THE OFFICE

[portside1] 13/12/2017 09:32

EVER ONE I NO VOTED FOR MAY SHE WIL NOT BE GETTING OUR VOTES NEXT TIME WE WILL VOTE UKIP OR FOR ANY ONE BUT LAB/CON

[yump] 13/12/2017 09:21

Things are looking up. A Democrat in Alabama.

[careful] 13/12/2017 09:11

Some things are going Centric's way.
The cold snap must be good for business.
Latest opinion polls show that Corbyn is trailing way behind May.
If he can't get ahead now he has little chance in the future unless there is a serious economic downturn.

and yet we are down again today.

[portside1] 13/12/2017 08:58

THE COMMITTEE MUST BE SACKED THEY HAVE FAILED ON ALL THE ISSUES

LESLEY KNOX IS NOT FIT TO DO THE JOB SACK HER

[portside1] 13/12/2017 08:56

PERFORMANCE FOR THE YEAR The Board believes that the Executive Team has successfully repositioned the strategy, organisation and priorities of the Group. The Board established targets for the year, the achievement of which would enable delivery of the strategy over the medium term, in the knowledge that these would be very stretching for the Group as a whole and successful achievement would require exceptional leadership. I am able to report that all targets have been achieved or exceeded and the pace of change has resulted in greater progress along the transformation journey than the Board could have reasonably expected. A summary of the individual assessment of each Executive Director against the demanding personal objectives that were set for the year is set out on page 93 of this report. Following the plan for 2016 being set towards the end of 2015, average commodity prices have fallen by 15% – 30%, driven by lower demand in Asia, US shale gas resilience, natural gas oversupply and continued high production by OPEC member states. Whilst some of this price fall has been offset through planned hedging, the impact on the Group was significant. However, underlying performance, which is a key consideration in assessing Group operating cash flow growth, was very strong. The key drivers were above plan delivery in the transformation and efficiency programme across the Group somewhat offsetting gross margin pressures, most notably in UK Energy Supply & Services, Exploration & Production, Energy Marketing & Trading gross margin generation in trading and the gas asset book, and significant improvements in working capital management.
In reaching a view on financial performance, the Committee satisfied itself that working capital recovery was not the driver of out-performance and the benefit of foreign exchange as the pound sterling weakened over the year was more than offset by the commodity price impact. The Committee considered management behaviour including non-financial metrics. Safety outputs missed stretching objectives but personal and customer safety improved materially versus 2015 and process safety was stable. Employee engagement scores from a full survey taken during the most material organisational change period fell back, particularly in the areas of greatest change. The Committee also considered the communications and investor reaction to the equity placing and post-placing developments. Having considered all of these factors, overall the Committee concluded that financial performance as reported was a fair reflection of management performance in the year. For past performance over the three-year performance period ending with 2016, the Group Economic Profit target applying in both long-term incentive plans operated under the previously approved policy (the Long Term Incentive Scheme and the Deferred and Matching Share Scheme) was not met, therefore there will be no vesting in 2017 and all of the awards made in April 2014 will be forfeit. TOTAL REMUNERATION As there were a number of Executive Directors appointed part way through the prior year and 2016 has seen very strong in-year performance, this Implementation Report will include materially increased total remuneration figures when compared to the prior year figures. The Committee is satisfied that the remuneration determined for each Executive is appropriate in the context of the approved Policy and the significant in-year performance delivered. LOOKING FORWARD In preparation for presentation of a remuneration policy to shareholders at the AGM in 2018 the Committee plans to fully review executive remuneration during the forthcoming year taking into consideration the strategic direction of the Group, appropriate ongoing alignment with that strategy and the continuing development of all stakeholders’ views regarding executive pay. The Committee expects to consult with major shareholders on any proposals in the latter months of the year.
Lesley Knox Chairman of the Remuneration Committee 23

[portside1] 13/12/2017 08:45

THOSE THAT BOUGHT THESE OVER 250P SHOULD BE READY FOR THE AGM AND REMOVE OF THE BOD

[portside1] 13/12/2017 08:43

conn is a dud why as he not started a SHARE BUY BACK buying back stock at these levels is a winner for all , cancel the div and buy back 1.5b shares with the cash

THREE YEARS AND CONN AS DONE NOTHING TO STOP THE FALL IN THE share price M/C

BUT WHEN YOU READ THE REMUNERATION REPORT THE DIRECTORS ARE COVERED BY GIVING THEM MORE FREE SHARS TO COVER THE FALLING SP

ITS DISGRACEFUL
THE DIRECTORS HAVE LOST VERY LITTLE
THE REMUNERATION COMMITTEE HAVE SEEN TO THAT THEY DO NOT