Centrica Share Discussion Threads

[ammu12] 08/2/2021 19:41

TIDMCNARNS Number : 6072LCentrica PLC14 January 202114 January 2021Centrica plcResilient financial performance in the second half of 2020Centrica'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.ENDS

[ammu12] 08/2/2021 19:18

TIDMCNARNS Number : 6072LCentrica PLC14 January 202114 January 2021Centrica plcResilient financial performance in the second half of 2020Centrica'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.ENDS

[ammu12] 08/2/2021 19:18

BullishToday 18:52MACD and SRSI all look to point to a move upwards from here. Best they have looked for years.

[ammu12] 08/2/2021 19:18

BullishToday 18:52MACD and SRSI all look to point to a move upwards from here. Best they have looked for years.

[norma_stitts] 08/2/2021 19:00

Ammu.

I have already said this but I shall repeat it for the hard of reading; I am NOT a British Gas Engineer.

I repeat, I am NOT a British Gas Engineer, or an employee.

If I was, I’d say so. Read through my former posts and you’ll soon discover my field and discipline but it’s nothing to do with boilers, or gas or electricity, or Hive etc. (I’ll give you a clue - I’m not a lepidopterist but I deal with things that have wings!). I’ll also pre-empt your next stance; I am nothing to do with GMB, I am not a member of GMB and nor have I ever been.

My posts here are made as an investor to discuss Centrica.

You should try to interact like an adult rather than posting yet MORE misguided rubbish. I’ll await your apology but judging by your posts which identify your lack or morality I doubt you’ll be man enough to do so?

[ammu12] 08/2/2021 18:55

TIDMCNARNS Number : 6072LCentrica PLC14 January 202114 January 2021Centrica plcResilient financial performance in the second half of 2020Centrica'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.ENDS

[ammu12] 08/2/2021 18:43

Strikes achieves nothing:Never a true word said, wages being lost, damage to the company and future employment. Strikes achieve NOTHING been there done it!.

[norma_stitts] 08/2/2021 18:15

Nothing out of the ordinary with a BG salary when I look at the jobs that are actually available in the here and now. Listen to the select committee video, the service and repair engineers were ‘just under £40K’, installations I think it said was £33k? Smart engineers (still need to be GSR registered I would assume?) I think it said were on £27k? Those salaries aren’t over and above the following, if anything some are well below the ones available on total jobs...

hxxps://www.totaljobs.com/jobs/gas-repair-engineer

Ammu, you are showing your clear lack of understanding on the matter when you start referring to Unite. The Union in question is GMB. You cannot read on the subject anywhere without seeing Justin Bowden/GMB referenced so it’s evident that you’ve not read anything on the matter thus proving your posts are ignorant and baseless.

A worrying state of affairs. I’d have expected any genuine investor to keep up to date on their investments by having a handle on what’s happening within an organisation, especially when this is such a big political matter to boot. I suppose that indicates that you must be a gambler, rather than an investor like myself and others? If it works for you...

[ammu12] 08/2/2021 17:53

Quick search google shows BG salary to be one of the best. No wonder all these engineers can't leave centrica...Source:https://www.glassdoor.co.uk/Salaries/gas-engineer-salary-SRCH_KO0,12.htm

[ammu12] 08/2/2021 17:46

All these unite idiots liking each other's posts...

[jd 1965] 08/2/2021 17:38

For the record again. I do not work for Centrica. However if a loyal employee has worked most of their lives with 1 company for say 30 to 40 years is it right they are sacked by a ceo hell bent on firing them 31st March without negotiation?? Doesnt sound like a militant workforce or union to me. Maybe a new ceo out of his depth needs reigning in by the rest of the board and save this once great brand before its too late.

[jd 1] 08/2/2021 17:28

cheers Norma I don't rise easily to people who I have no respect for. Everyone is entitled to any view but most of us are clever enough to realise real debate or plain argumentative individuals with a different agenda. Morals and dignity will never be bullied by anyone

[norma_stitts] 08/2/2021 17:18

Ammu12 is just trying to be obnoxious and get a rise out of you JD 1965. Only a wind up merchant would make a statement such as his last comment @ 16:15 when you’ve clearly stated it’s not about pay.

If however he was aiming the comment at myself then it just confirms his ignorance, as my reply was clearly aimed at the fact he claimed BG engineers couldn’t get the same benefits elsewhere, something they clearly can do. Rather than enter into intelligent dialect, he just puts his troll hat on when faced with documented proof of his misconceptions.

Keep smiling JD, the vast majority of people with a morsel of integrity and decency are behind you! Keep up the good fight.

One poster earlier referenced shareholders wanting income. Whilst a valid point, shares do come with risk, hence the mantra ‘investments can go down as well as up/past performance should not be treated as an indication of future returns’ etc. Until all this stuff raised its head, about the biggest ‘risk’ that I knew of with a contract of employment was having less than 2 years service where you’ve effectively got no employment rights (except for under the Equality Act 2010). At least if you’re let go after 10/15/20 years it’s a nice windfall via a redundancy payment. Or so I thought. Then the company I hold a vast number of shares in plays this stunt!?!

Anyone that tries to justify treating people in such a fashion could only be described as sub-human. Funny they are never willing to go in to work and request to work more hours, more evenings, more weekends and have less holidays etc? They are known as NIMBY’s.

[ammu12] 08/2/2021 17:16

Why don't BG engineer leave if they are not happy ?No ones forcing them to work. Strange why do you wanna work for a company and then moan all day about it on shares forum.... Shareholders has been the worst sufferers over the years. No divi, value of shares reduced by 80% whilst the BG engineers moans about some changes to their contracts...

[ammu12] 08/2/2021 16:15

So eventually it's all about money!!

[jd 1965] 08/2/2021 16:05

For anyone who is unsure.The engineers strike day 16 today btw is Not about money.They are being sacked 31st March and bg will not take fire and rehire off the table. Many t&c as well as pensions have been altered over the last 15 years so being flexible is not a new thing for employees

[norma_stitts] 08/2/2021 16:05

hxxps://rubixmande.com/jobs/gas-engineer-perm-£48000-van-fuel-ot-available-9359/

More money, vehicle and fuel provided, no weekends and more sociable hours.

hxxps://www.totaljobs.com/job/gas-engineer/rubix-m-e-job91772688

Again, more money, vehicle and fuel provided, no weekends and more sociable hours.


It’s a fallacy that there aren’t jobs out there. BG engineers aren’t on some magic contract.

[ammu12] 08/2/2021 15:24

I doubt that. Hardly any jobs out there. You know you won't get the same benefits with any other company out there....Centrica is not funded my taxpayers!! It's a business to make money end of.

[temujiin] 08/2/2021 15:17

Why don’t you find another job ?
===========

I think you will find that many do just that. But do you think that will leave BG in a better place, to lose the best and most capable engineers? Your blase posts sound great on a forum, but you clearly are missing the point about where this will leave BG.

[ammu12] 08/2/2021 15:02

Terms and conditions which includes weekend pay so eventually it is...