Centrica Share Discussion Threads

[undervaluedassets] 14/1/2021 08:19

Cautious, honest, cogent, prudent.

[argylerich] 14/1/2021 08:08

Are Divi's ever declared in Trading Updates?

[hifc231] 14/1/2021 08:04

Now just need to sell Spirit Energy to be ahead in the $$ stakes.

Looking positive, lets hope the share price over the next year recovers, like the bit about reduction of debt by 10% naturally (probably the Dividend they are not paying, but for the best).

Good luck all would love to see this in the 150-220p range again.

[ammu12] 14/1/2021 08:00

Nah they can't declare divi until the BG engineer issues are sorted.The business going in the right direction!!

[american idiot] 14/1/2021 07:55

No Divi...

and cautious on 2021...

[ammu12] 14/1/2021 07:16

Decent update....

[skinny] 14/1/2021 07:01

.

Resilient financial performance in the second half of 2020

Centrica's operational and financial performance was resilient in the second half of 2020, as we maintained a tight focus on cash generation and expenditure against the backdrop of Covid-19. The significant restructure announced in June remains on track, and trading and optimisation performance continued to be strong, in particular in our LNG business. At the end of 2020 we had 6.9m UK energy supply customers and 3.6m UK services customers, both broadly unchanged since the half year.

Covid-19 continued to impact financial performance, although as expected the gross impact was lower in H2 2020 than in H1 2020. UK business electricity demand was negatively impacted by around 15% in H2 2020 compared to around 30% in Q2 2020. Residential boiler installations recovered in the second half compared to the first half but were still around 15% lower than in H2 2019. Cash collection trends across the Group were broadly in line with previous years.

However, we remain cautious as we head into 2021, with the return of tighter Covid-19 restrictions in the UK and Ireland expected to put continued pressure on business energy demand and limit services workload. In addition, the related uncertain economic backdrop increases the potential for additional working capital outflow and higher bad debts.

We currently expect to report 2020 full year adjusted earnings per share from continuing and discontinued operations(1) ahead of current market consensus(2) . 2020 closing Group net debt is expected to be approximately GBP2.8bn, a reduction of over 10% in the year. This is before including net proceeds of GBP2.7bn from the sale of Direct Energy (which closed on 5 January 2021), the bulk of which will be used to reduce net debt and make a contribution to the Group's defined benefit pension schemes.

The Company is due to release its 2020 Preliminary Results on 25 February 2021.

[supermarky] 13/1/2021 10:22

Critical resistance level around this area. if this area breaks that would be very good news.

[sicker] 12/1/2021 21:31

I see you are a glass half full person Mercer95 :-)
I'm on the lookout for these flying pigs.

[mercer95] 12/1/2021 20:27

Always a possibility of some of the proceeds of that Direct Energy sale being distributed between us long suffering share holders, the share price has held above 50p which isn’t bad considering the strike action IMO

[boozey] 12/1/2021 16:10

Gas Prices at al all time high - probably reflected in the positive share price today.

[the grumpy old men] 12/1/2021 16:05

I WILL AWAIT FURTHER NEWS BEFORE COMMENT


14-01-2021
Trading Update

WILL ALSO DEPEND ON HOW CASH IS USED OR SHARED OUT


Not long to wait

[weemonkey] 12/1/2021 15:49

Thin on fundamentals that piece by Alistair Strang.. We know it is 50p Alistair and we know that it needs to break higher.

The game changer is surely the $3.6 billion cheque they have just received for the american part of the business called Direct Energy that they have just sold off.

That is news. And that will at the very least have a huge impact on the balance sheet.

[wendsworth] 12/1/2021 14:38

La Forge : Interesting article. Key phrase ( for me ) 'CENTRICA'S S.P. DWELLS IN A DANGEROUS PLACE'.The engineeres dispute couldn't have come at a worse time and the engineersx know it! As with most such disputes , with a company facing a declining trading situation , everyone ultimately becomes a 'loser'.

[la forge] 12/1/2021 12:11

INTERACTIVE INVESTOR


Can Centrica’s shares warm up this winter?
by Alistair Strang from Trends and Targets | 12th January 2021 08:35

INDEPENDENT CONTRIBUTOR AND NOT A ii employee

Share on:

The British Gas owner has a lethargic share price – but could pick up if it does this.

Centrica

A Google search for Centrica (LSE:CNA) discovered they define themselves as an electrical services company, a neat trick for the folk behind British Gas.

It's funny, one would suspect a company specialising in energy would experience a flourish to their share price during the cold months of winter. In the case of Centrica, this is rarely the case. We needed to travel back five years before the share price experienced a cheerful first quarter. Maybe they are due a break in 2021.

But, so far, things tend to reflect the lethargic motion of the FTSE rather than cold, long, nights requiring lots of electricity and gas for heating and lots of income for this multinational. Perhaps this year shall be different!



Presently trading around the 50p mark, the share needs to move above 54p to convince me of happy days ahead. In such a scenario we're looking for recovery to an initial 58.5p with secondary, if exceeded, calculating at a longer term 73p. In the event of this triggering, visually the tightest stop looks like 40p.

The implications, should the 40p level break, are of coming weakness to an initial 31p, rather effectively matching the Covid-19 drop from last year. Should 31p break, our final hope for a bounce resides at an ultimate bottom of 18p.

By most standards, Centrica’s share price dwells in a dangerous place currently but visually requires little work to extract itself.

[la forge] 12/1/2021 12:10

INTERACTIVE INVESTOR


Can Centrica’s shares warm up this winter?
by Alistair Strang from Trends and Targets | 12th January 2021 08:35

INDEPENDENT CONTRIBUTOR AND NOT A ii employee

Share on:

The British Gas owner has a lethargic share price – but could pick up if it does this.

Centrica

A Google search for Centrica (LSE:CNA) discovered they define themselves as an electrical services company, a neat trick for the folk behind British Gas.

It's funny, one would suspect a company specialising in energy would experience a flourish to their share price during the cold months of winter. In the case of Centrica, this is rarely the case. We needed to travel back five years before the share price experienced a cheerful first quarter. Maybe they are due a break in 2021.

But, so far, things tend to reflect the lethargic motion of the FTSE rather than cold, long, nights requiring lots of electricity and gas for heating and lots of income for this multinational. Perhaps this year shall be different!



Presently trading around the 50p mark, the share needs to move above 54p to convince me of happy days ahead. In such a scenario we're looking for recovery to an initial 58.5p with secondary, if exceeded, calculating at a longer term 73p. In the event of this triggering, visually the tightest stop looks like 40p.

The implications, should the 40p level break, are of coming weakness to an initial 31p, rather effectively matching the Covid-19 drop from last year. Should 31p break, our final hope for a bounce resides at an ultimate bottom of 18p.

By most standards, Centrica’s share price dwells in a dangerous place currently but visually requires little work to extract itself.

[jd 1965] 12/1/2021 11:57

Its not over pay

[sarkasm] 12/1/2021 10:48

Upcoming events on CENTRICA PLC


14-01-2021
Trading Update

[sarkasm] 12/1/2021 10:46

FROM HEADER






Upcoming events on CENTRICA PLC


14-01-2021
Trading Update




February/25/2021 FY 2020 Earnings Release (Projected)

[cleverinvester] 12/1/2021 10:12

Aspers buys back into CNA and the share price falls , He's jinxed .

[skinny] 12/1/2021 10:10

Here we go again :-

.

[hifc231] 12/1/2021 08:59

Direct Energy Sale update = 14-01-2021 (Friday)

Final Results = Feb 25th 2021

AGM = 14th May (ish)

Ex Dividend (if reinstated) = May 10th (ish)
Dividend payment (if reinstated) = 28th June (ish)

[cleverinvester] 12/1/2021 08:22

Guys does anyone know when the results are due out?

[professor_glennglad] 11/1/2021 23:16

I have checked the posts left on several forums by CLEVERINVESTER and it seems quite accurate as stated by others that this individual is a SHORTER amongst other things. Dont listen to what this fool has to say. Just filter if you dont want to be entertained by the pathetic SHORTING attempts. As always, DYOR