Centrica Share Discussion Threads

[nemesis6] 24/7/2020 10:23

maybe pally...but much more relaxed in the long term. 40p min is a floor

[scemer] 24/7/2020 10:17

Good point wig debt more expensive than pension

[pally12] 24/7/2020 10:10

Can see these dropping back to about .42 by end of play

[nemesis6] 24/7/2020 10:09

i was there 24 mins past 4..hovvering over the sell..then i thought "how bad can it be"?

[wigwammer] 24/7/2020 10:09

Scemer - why not use the numbers released today? The net debt of £2.8bn is entirely paid off, leaving only a £0.5bn pension deficit.

[scemer] 24/7/2020 09:56

Looking at last years numbers they could pay off all pension liabilities plus some debt to leave themselves with around £1 billion of debt. Good use of the silverware

[bookbroker] 24/7/2020 09:29

Fact of the matter is that the sum of the parts are likely worth more than the whole, be better if the company was broken up!

[julcester] 24/7/2020 09:23

But how much potential revenue and profit is now possible with just their UK and Irish businesses.If you look back at the last 5 years, the Centrica story has been one of disposal after disposal. Renewables, exploration, Direct Energy, Storage etc. Will the connected homes (IOT) bit be next?

[nemesis6] 24/7/2020 08:43

lucky i didnt sell then...american idiot...very apt

[babbler] 24/7/2020 08:39

But this was priced for failure....

[buywell3] 24/7/2020 08:37

jammy gits

[rimau1] 24/7/2020 08:35

Good news for holders, similar to Pennon that a disposal wipes out debt and leaves a leaner fitter uk business. Main ongoing issue now is likelihood of furTher write downs in nuclear and oil exploration or has this already been kitchen sinked? I doubt they can find a buyer Willing to py a decent price even in 2021?

[action] 24/7/2020 08:29

Market cap today is 3.04 bn.If they are selling direct energy for 2.8bn what will be net debt ? Anyone ?

[adrian j boris] 24/7/2020 08:28

Price (GBX)
52.06 28.96%

Open / Last close
51.00 / 40.37

High / Low
56.00 / 50.12

Bid / Offer
51.62 / 52.08

Special Condition: -
Trading Status: Regular Trading
FTSE 250

[susiebe] 24/7/2020 08:27

Is this the start of a recovery all the way back up to 200p?Feels like the beginnings of a more streamlined efficient co

[adrian j boris] 24/7/2020 08:25

Looking good Billyray

[bookbroker] 24/7/2020 08:23

Market ought to applaud their action, debt was too high, and they are becoming a more focused company, even if Direct was a strong asset. It was either pull out of Uk or cut some of the subsidiaries.

[portside1] 24/7/2020 08:23

Good news for you holders

[mroalan] 24/7/2020 08:22

i don,t believe it.

[ny boy] 24/7/2020 08:16

As expected, need a close overv53p but all in good time, 70p short/medium price target, right back to holidays, will check back on progress in Q4

[careful] 24/7/2020 08:15

A rare treat.
Looks although Centrica will survive and could even prosper with luck.
A better leadership.

[adrian j boris] 24/7/2020 08:13

Friday 24 July 2020 8:05 am

British Gas owner Centrica to sell US business for £3bn

Edward Thicknesse


Centrica has today announced that it will sell US subsidiary Direct Energy for £2.8bn as it attempts to restructure after a brutal couple of years for the British Gas owner.

The move comes as the former FTSE blue chip attempts to restructure its business, with plans to cut 5,000 jobs.

More to follow.

[babbler] 24/7/2020 08:13

https://mobile.twitter.com/BabblerBestBets/status/1252158470230548480

[sux_2bu] 24/7/2020 08:12

Gap will close soon.