Centrica Share Discussion Threads

[ammu12] 09/2/2021 19:26

IDMCNARNS 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.ENDSEnquiries:

[ammu12] 09/2/2021 19:26

IDMCNARNS 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.ENDSEnquiries:

[ammu12] 09/2/2021 18:38

Another interesting post but with the same focus on attacking the management.No sympathy for protestors....By siding with GMB they've caused more harm.

[the grumpy old men] 09/2/2021 17:50

Cleverinvester
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[cleverinvester] 09/2/2021 17:46

Ah she's still here FFS

[cleverinvester] 09/2/2021 17:45

He's on Bids yesterday saying he bought at 35p and it's selling at 7p today. He's also over gloating on CNA LSE.

[norma_stitts] 09/2/2021 17:45

Temujiin, I’d love to be a fly on the wall for that meeting.

What will they do as you were all too thick to understand the offer previously? Will they just repeat it but speak slower so that it sinks in? Do you get a sticker and a lolly each time you go to one of these meetings, like when you were rewarded for being a ‘brave boy’ at the dentists? (Purely tongue in cheek, no offence intended!)

[the grumpy old men] 09/2/2021 17:45

Marky

Heres hoping that it has convincingly broken thru the 53p resistence and we get some positive news before February end

[supermarky] 09/2/2021 17:40

Just a matter of time before this shoots up from here imo. Cna looking interesting

[the grumpy old men] 09/2/2021 17:39

Ammu12
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[ammu12] 09/2/2021 17:38

Where is Aspers hiding ?? He sold out at 40p apparently and was telling everyone to sell....

[the grumpy old men] 09/2/2021 17:37

Delayed London Stock Exchange - 02/09 04:38:21 pm

53.06 GBX +0.53%

SO FAR SO GOOD

[ammu12] 09/2/2021 17:36

Titts still here....Apparently a centrica shareholder hahaInfested by GMB union members this board.

[waldron] 09/2/2021 17:31

Delayed London Stock Exchange - 02/09 04:38:21 pm

53.06 GBX +0.53%

[waldron] 09/2/2021 17:30

Ammu12
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Cleverinvester
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[cleverinvester] 09/2/2021 17:22

Is that fool. NORMA still here?

[ammu12] 09/2/2021 17:14

Why don't they leave their jobs ?

[ammu12] 09/2/2021 17:12

Always got more jobs and better paying ones apparently ( according to titts) so why don't these engineers leave ???

[ammu12] 09/2/2021 16:40

Another blue day.Nice

[ammu12] 09/2/2021 16:21

My point confirmed:Real investor views i. e bashing the management and standing up for unjust engineers demand ?

[temujiin] 09/2/2021 16:17

Do you know the name of the director?
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Unfortunately it's not the loose cannon Chris O'Shea.