Centrica Share Discussion Threads

[cleverinvester] 20/2/2021 18:53

Norma isn't an in investor she's Aspers other half

[ammu12] 20/2/2021 17:48

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

[sentimental riles] 20/2/2021 16:27

I've put my spare sock puppets up for sale on Ebay...All in good second hand condition Few signs of wear or soil stains...the set comprises...Cleverinvestor, Kreature, 3Realist, Professor_Zxie, Professor_Sentimental..starting bid 15p or free Deliveroo bike and clothing..

[ammu12] 20/2/2021 16:08

Cannot believe the other group restricted for "positive engineers comments" only expect engineers to be paid bonuses for going on strikes......

[ammu12] 20/2/2021 16:00

I see Norma titts and other union members are discussing their favourite subject on the other forum....Still waiting for them to discuss anything else other than strikes

[temujiin] 20/2/2021 15:42

Hi Wendsworth,

sadly it's not a case of the engineers or the unions doing anything wrong.

The law in the UK allows disreputable companies, which is what BG has become imo under the rogue leadership of Chris O'Shea, to Fire and Rehire it's employees, meaning long and loyal workers can be dismissed without a penny of redundancy.

O'Shea amongst other attacks on the engineers T&C's, wants them to effectively work an extra 4.5weeks a year for free.

Next year he could do the same via Fire and Rehire to reduce their pay by 10%, or again threaten to fire them without a penny.

The law is very poor, but companies who use them are the real rogues.

BTW the company have back tracked on not paying the engineers their sales bonuses for Jan/Feb, but didn't offer an apology for the underhand way they imposed and announced it in the first place. Management are beyond incompetent atm!

[ammu12] 20/2/2021 13:32

The problem is with the unions is that most of the time they don't even know what their moaning/striking about! Sadly the members just blindly follow the union hierarchy flannel like lemmings

[sentimental riles] 20/2/2021 13:24

Hey has anyone seen where my Cleverinvestor sock puppet ran off to?

[cleverinvester] 20/2/2021 11:06

Hopefully a return to the divi and price rise to 70p

[wendsworth] 20/2/2021 10:58

norma and Temujiin : Thank you both for your informative posts.

I am astounded to learn that in the past engineers will have signed an initial contract with BG that enables the company to in effect dismiss them in the future without a penny so to speak. I am also amazed that, in such circumstances, Industrial Relations legislation does not offer some form of protection. If this is correct it begs the question , 'how has their union permitted such an historic contractual situation to arise?'

[ammu12] 20/2/2021 10:16

Resilient 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

[cleverinvester] 20/2/2021 09:32

Norma is a strange individual, She sticks up for the biggest de-ramper Aspers and yet she says she holds CNA.

[ammu12] 20/2/2021 07:37

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

[ammu12] 20/2/2021 07:37

Resilient 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.

[ammu12] 20/2/2021 07:37

Another desperate attempt by Titts

[norma_stitts] 20/2/2021 00:11

Cleverinvester19 Feb '21 - 22:31 - 2299 of 2300 (Filtered)

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FOR THE ADULTS WHO WISH TO DISCUSS CENTRICA, PLEASE JOIN YOUR FELLOW BONAFIDE INVESTORS/STAKEHOLDERS ON THE FOLLOWING LINK;



Please ONLY reply on the link above, NOT on this thread. Thanks for your assistance in helping to rid the Centrica discussion boards of the plague it is being infected by.

[cleverinvester] 19/2/2021 22:31

Aspers you and Norma should get it on

[temujiin] 19/2/2021 21:39

wendsworth19 Feb '21 - 18:11 - 2282 of 2297

On that basis surely highly skilled experienced BG Engineers could utilise generous redundancy payments to form a private cooperative to service boilers and undercut British Gas ?
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Hi Wendsworth,

a great idea, and I personally know amongst the local engineers, some will be doing just that. As in starting their own business in direct competition to BG, but I have to correct you on one point.

The value destroying CEO wreaking ball O'Shea, has threatened to sack ALL his engineers WITHOUT a single penny of even statutory redundancy, even if they have worked at BG for 30 - 40 years!

Experienced and best engineers, have left, are leaving and more will be leaving. O'Shea is literally destroying 100+ years of British Gas within his first 12 months. That's some 'achievement'.

[temujiin] 19/2/2021 21:36

Ammu1219 Feb '21 - 21:07 - 2297 of 2297 (Filtered)
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Wendsworth19 Feb '21 - 18:11 - 2282 of 2297

On that basis surely highly skilled experienced BG Engineers could utilise generous redundancy payments to form a private cooperative to service boilers and undercut British Gas ?
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Hi Wendsworth, I will reply to the above on the below link. This thread is dead because of the Muppets.