Centrica Share Discussion Threads

[ammu12] 09/2/2021 12:45

Sack them all

[temujiin] 09/2/2021 12:42

Sadly there has been no give by the company, only take, as in take 3 days holiday, take 20 days from your days off work, take the right to sack you with no redundancy, take the right to alter your working hours up to 11PM or from 7AM.

Unions have to fight for their members in any way they can, be that the media, picketing or supportive politicians. Its what they are there for.

Contract labour never has and wont work for BG unless they slash Homecare costs to competitor levels in a race to the bottom. BG gets customers because they are percieved to be the best and most reliable. They wont be if BG goes down the contractor route.

[jd 1965] 09/2/2021 12:40

Sadly missing the main point. If any company wants to slash t&c they wont bother negotiating they will do the same and threaten to sack their employees. It is no way to run a business which relies on its workforce goodwill to help in times of difficulty.Many councils around the country have said its immoral and will not give contracts to unscrupulous employers for that reason. A race to the bottom helps nobody

[bookbroker] 09/2/2021 12:32

I’m not castigating the engineers, they are only standing up for their existing rights, but off course the unions have dragged this into the political arena, and are trying to turn the saga in to a David versus Goliath issue. Centrica believes it has offered a fair compromise, but the unions are having none of it, no side wins ultimately unless there is a fair amount of give and take, but it may alter the way full time staff, regarding the engineers, are employed down the line. They may end up with less job security in any case, companies like CNA may contract out all the work, and just become a pure play supplier.

[gibbs1] 09/2/2021 12:09

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[maywillow] 09/2/2021 11:58

Real-time Estimate Quote. Real-time Estimate CHI-X - 02/09 11:56:19 am

53.12 GBX +0.64%



Has the 53p resistence been finally convincingly broken

[grupo guitarlumber] 09/2/2021 10:47

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SHAME YOU DISRUPT THREAD WITH YOUR IDIOT POSTS

PLEASE FELLOW POSTERS DO NOT RESPOND TO CONTINUOUS INFANTILE POSTS

JUST FILTER

[ammu12] 09/2/2021 10:08

UBS RAISES CENTRICA PRICE TARGET TO 60 (50) PENCE

[ammu12] 09/2/2021 10:08

UBS RAISES CENTRICA PRICE TARGET TO 60 (50) PENCE

[ammu12] 09/2/2021 10:08

UBS RAISES CENTRICA PRICE TARGET TO 60 (50) PENCE

[temujiin] 09/2/2021 10:06

You misunderstand me Books, worst dispute at BG for decades, obv not the country.

BTW I've never said engineers are not paid sufficiently, tho I have pointed out O'Shea plans that they work an extra month for free and also lose 3 days holiday. He's a liability, and when the latests data comes out regarding Homecare you'll understand what I and others have been telling you.

[ammu12] 09/2/2021 09:36

UBS RAISES CENTRICA PRICE TARGET TO 60 (50) PENCE

[ohoh] 09/2/2021 09:29

Centrica next ?

[temujiin] 09/2/2021 09:20

Any second rate manager can sell a profitable asset and reduce debt, but it takes someine special to instigate the worst industrial dispute in decades, trash the brand during winter and alienate his most important work force within months of coming into post. The jury is certainly out on just how bad O'Shea is.

[ammu12] 09/2/2021 08:03

He has done really well.Next asset sale should bring in another 1bn with oil price rising...

[bookbroker] 09/2/2021 08:00

O’Shea has been in the job for less than a year, he has already achieved a major asset sale, brought the net debt down to next to nothing, and isrighting the wrongs of the past, at the same time as sustaining customer levels. It is far too early to draw conclusions on his tenure, I don’t believe in short-termism and those who judge his management style on the basis of the engineer dispute are wrong.

[ammu12] 09/2/2021 07:54

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] 09/2/2021 07:54

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

[temujiin] 09/2/2021 07:46

Selling off your energy asset, just as the world starts to get a grip on CV and world demand is/ will increase accordingly, would be stupid move by Centrica.

Selling off profitable assets and destroying the profitable Homecare division is not a sound strategy long term. Management are 2nd rate, no wonder directors are leaving.

[milanista11] 09/2/2021 04:12

They want to sell their energy producing subsidiary. With rising oil and natural gas prices they will fetch a better than expected price of sale. Will give the share a boost.

[ammu12] 08/2/2021 19:42

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 19:42

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