Centrica Share Discussion Threads

[mercer95] 19/9/2020 08:02

“Impose lockdown measures” I hope they do, half the country don’t seem to have a brain cell between them,that’s what happens when you get extra benefits for producing more kids,a generation of morons.

[swinsco] 18/9/2020 13:31

Relentless down day. No opportunity to trade the tightest of margins neither

[mcmather] 18/9/2020 11:40

Aye, and more so if the gimps try to impose lockdown measures during the winter.

[bookbroker] 18/9/2020 11:33

Far from a basket case, fantastic buying opportunity. We all need energy supply!

[bookbroker] 18/9/2020 11:32

Just gap closing prior to Direct Energy deal, some uncertainty over job losses over contracts with engineers, and Govt. meddling again. Low energy prices a possible negative also.

[mroalan] 18/9/2020 11:13

its a basket case move on,

[yawn1971] 18/9/2020 11:03

Come on Centrica ffs

[cl0ckw0rk0range] 15/9/2020 13:21

Exactly my point

[sarkasm] 15/9/2020 13:11

Dividends

Centrica normally declares two dividends each year. The interim dividend is usually paid in November and the final dividend, recommended for approval at the Annual General Meeting, is normally paid in June.


Latest dividend

On 2 April 2020 Centrica announced that the Board had taken the prudent decision to cancel the 2019 final dividend payment of 3.5p per share, due to be paid in June 2020.

NOT UNTIL NEXT YEAR PERHAPS BUT PERHAPS NOVEMBER IF LUCKY

[cl0ckw0rk0range] 15/9/2020 12:42

When's the dividend

[bookbroker] 15/9/2020 11:57

Think it will surprise and bounce sooner rather than later providing regulatory hurdles are cleared as regards Direct Energy. Threat of industrial action a cloud on the horizon, but imagine company working hard to resolve, low energy prices might also be impacting along with fine weather over usage!

[florenceorbis] 15/9/2020 08:57

Looks like its at present in a down trend,heading towards the 41.87p then perhaps 38p

[yawn1971] 15/9/2020 08:52

Any chance of 50p again Centrica ?

[bookbroker] 15/9/2020 08:12

Desperately trying to close the gap from late July it looks like!

[ariane] 04/9/2020 07:27

Giulia Bottaro

07:27 Fri 04 Sep 2020


Columbus Energy Resources investors await Saffron well news in Trinidad

Centrica says British Gas to snap up Robin Hood Energy customer base

Robin Hood currently serves around 112,000 residential customers and 2,600 business customers across 10,000 sites
Centrica PLC - Centrica’s British Gas to snap up Robin Hood Energy customer base

Centrica PLC (LON:CNA) has said its British Gas business is buying the energy supply customers of Robin Hood Energy for an undisclosed sum.

Robin Hood currently serves around 112,000 residential customers and 2,600 business customers across 10,000 sites. The collapse of the independent energy provider, which was run by Nottingham City Council, will lead to 230 job cuts.
READ: Centrica shares now worth buying, says Jefferies

Centrica said the transaction is expected to complete on September 16, 2020, with customers moving to British Gas over the next few months being offered a tariff at the same or lower price to the one they are currently on.

Robin Hood was set up by Nottingham City Council in 2015 to provide cheaper energy but it turned to be loss-making, the BBC reported. By March 2019 it had lost £34mln despite receiving loans and received criticism for investing £43mln in public money, with £16mln of guarantees.

Proactiveinvestors

[gibbs1] 30/8/2020 08:40

RESISTENCE AT 51

SUPPORT AT 40

[gibbs1] 30/8/2020 08:37

TIDMCNA

RNS Number : 3114X

OFGEM

27 August 2020

Ofgem

British Gas makes payments totalling GBP1.73 million for handling of changes to prepayment meter top-up arrangements

-- British Gas failed to inform some prepayment customers about a change of top-up provider and minimum top-up spend

-- Some customers may have gone off supply as a result, or suffered detriment through wasted journeys to shops where they could no longer top-up. In addition, customers were unable to contact British Gas' enquiry line the day of the change

-- British Gas has paid GBP1.48 million to impacted customers for its failings and will pay an additional GBP250,000 into the energy redress fund

British Gas failed to notify around 270,000 prepayment customers about a change of top-up provider, from Paypoint to Payzone, which went live on 1 January 2020.

This meant that some customers, many of whom are in a vulnerable situation, may have suffered detriment through wasted journeys to try and top-up at shops which no longer offered the service, or in some cases may have gone off supply. British Gas ultimately sent communications to these customers in late January 2020.

British Gas informed most of its customers of the change in top-up provider in December 2019. The communication contained details not only of the change of top-up provider but also of the change in minimum top-up from GBP1 to GBP5.

This left insufficient time for customers to switch supplier if they found the new arrangements to be problematic.

The notification did not include telephone contact details, but instead contained links to the internet. Those customers unfamiliar with, or without access to, the internet may have struggled to contact British Gas in the event that they were struggling to top-up.

Additionally, British Gas chose not to operate its general enquiries line on 1 January 2020 - the go-live date.

When British Gas decided to switch to Payzone, it failed to make sure that communication with its customers was adequate both in terms of coverage and content.

Ofgem engaged with British Gas in early January 2020 when it became aware of problems with the switchover of top-up provider.

Ofgem asked for information relating to the case and as part of that request, British Gas told us that it proposed to make compensation payments of GBP1.48 million to impacted customers.

British Gas has also agreed to pay GBP250,000 to Ofgem's voluntary redress fund administered by the Energy Savings Trust, which supports consumers in vulnerable situations and the development of innovative products or services not currently available to energy consumers.

Due to the steps British Gas has taken, Ofgem has decided not to take formal enforcement action.

Philippa Pickford, Director of Retail at Ofgem said:

"When such a fundamental change is being made, such as where meters can be topped up, energy suppliers need to communicate with their customers in plenty of time. British Gas should have informed all of their prepayment customers, many whom are in vulnerable situations, of the change to how to top-up their meters during the winter period.

"Some customers were unaware of the change before it happened and may have struggled to contact British Gas as they opted not to open their general enquiries line on the go live date. Others were given insufficient time to make alternative arrangements if they were unhappy with the change of top-up provider.

"Ofgem will continue to closely monitor the market to ensure that all customers are protected and treated fairly by their supplier."

[swinsco] 27/8/2020 09:35

Nearly at the price before the exellent sale of their US buisness. Very suprising.

[nemesis6] 27/8/2020 07:59

yep i was considering getting into itv and sgc but the FTSE is pathetic...just cant be @rsed all my other stuff has been down and pretty much stayed there. Safe stocks hahahahahahahaha

[bookbroker] 27/8/2020 07:07

Looks like that gap will be cleared, but a pathetic performance considering the Direct Energy transaction appeared generous in favour of CNA., nonetheless you have to give the new kid on the block a chance, Conn was frigging useless. Seems corporate UK made up of a bunch of worzels, our indices now underperforming pretty much every other country in the world, you have to wonder!

[bookbroker] 26/8/2020 15:47

Is that how choice is determined, in that case the Govt. should subsidise heating costs for the elderly. Looks like this close the gap prior to Direct Energy sale at this rate!

[action] 26/8/2020 15:13

Cap is ment for ppl who are old and do not know how to operate computer even or do not have one.

[bookbroker] 26/8/2020 08:43

This Govt. would rather interfere in the regulation of every market just to keep people in a job, let each market work itself out, you do not have to spoon feed everyone by capping prices, because they are too stupid to look at price comparison sites beyond the end of their contract, quite happy to shop around for food, these are a lot easier!

[bookbroker] 26/8/2020 08:40

It will not get taken over until they flog the nuclear power and E&P. side, started with Direct Energy. Get rid of the others and focus on simply being a service provider, things are looking up already, but the market opinion will drag its feet like everywhere else. Investors would rather buy valueless bonds/gilts etc. than corporates these days.

[exlogiclad] 25/8/2020 10:28

It will take years for Centrica to recover from the terrible management. More likely to go back to 35p than any takeover.