Centrica Share Discussion Threads

[disc0dave45] 25/5/2021 11:09

'ill stay with a PLC who can pay their bills like CNA thank you'Yep selling off their profitable businesses to be able to pay their debts is not exactly sustainable is it. What next? well they can't sell nuclear or spirit, so how are they going to fund their operational costs?.Be great to actually here what you think their FY21 earnings will be, after all your investment performance depends on it does it not.Thanks in advance.

[cleverinvester] 25/5/2021 11:05

Bookbroker CNA are now cleaning their balance sheet at just the right time. Before interest rates rise.Any company like SAGA building large debts during the pandemic will be in financial trouble. No leave the dogs for disco.

[disc0dave45] 25/5/2021 11:04

What are you on about.They have changed the covenants so they are more favourable, they won't breach them.You keep deflecting, not here to discuss Saga, here to discuss CNA.Any thoughts yet on your investment or don't you have any?Thanks

[thebestinvestor] 25/5/2021 10:59

SAGA are deferring payments = breach covenant ill stay with a PLC who can pay their bills like CNA thank you

[thebestinvestor] 25/5/2021 10:56

Thank you for highlighting what not to buy. That SAGA is a basket case and they now own close to 1 billion since the report below Bosses at Saga, the specialist in insurance and travel for the over-50s, have attacked the group's previous private equity owners for loading the company with too much debt.Saga, which was owned by private equity firms Charterhouse, CVC and Permira before its initial public offering in 2014, has suffered a share price tumble since trading at 185p at the flotation.Euan Sutherland, who became chief executive this year, said: "Private equity ownership left Saga in a weakened position, loaded with debt, starved of investment and driven with a very short-term focus."Roger De Haan, a former chief executive of Saga who is about to return as chairman, said the company "had lost its way and had lost its confidence".CVC, Charterhouse and Permira declined to comment.We are not surprised by the opportunistic approach given the inherent value in the group. We think they were right to reject itTop-20 shareholderThe £150m fundraising is designed to cut debt and put the company on a more secure financial footing. Saga had net debt of almost £650m at the end of July, while its market capitalisation stands at just £179m.Up to £100m of the new equity will come from Sir Roger, who will be left with a stake of about 20 per cent in the company.Sir Roger, the son of Saga's founder, said he was "delighted" to be returning to the company, which he first joined when he was 17 years old, carrying suitcases. He said it was a "special business with a unique, loyal and growing customer base".The company plans to invest in its digital capabilities and its brand, while cutting debt and lowering costs elsewhere.After the fundraising, Saga plans to launch a share consolidation with 15 existing shares becoming one new one. It said the move was designed to cut volatility in the share price."That volatility can be quite off-putting to people," said James Quin, finance director, adding that there was "a bit of a psychological hurdle some people have to investing in a company with a 15p share price".RecommendedLexSaga PlcSaga: long and winding road PremiumEarlier in the summer, Saga rejected a 33p-per-share bid approach from a consortium of private equity companies led by Mark Wilson, the former chief executive of insurer Aviva. One of the private equity companies involved was New York-based Reverence Capital, led by former Goldman Sachs banker Milton Berlinski. Reverence's involvement was first reported by Sky News.Mr Sutherland said the offer "significantly undervalued" Saga.One top-20 shareholder said: "We are not surprised by the opportunistic approach given the inherent value in the group. We think they were right to reject it."Alongside the fundraising, Saga reported results for the six months to July. The company reported a £55m loss, down from a £53m profit in the same period last year. Although profits from insurance were flat, the travel business was hit hard by the pandemic and lost £34m.Get alerts on Saga Plc when a new story is publishedGet alertsCopyright The Financial Times Limited 2021. All rights reserved.Reuse this content (opens in new window)

[disc0dave45] 25/5/2021 10:56

TBIThat's old news old chap and they did not increase debt the revised their covenants and deferred payments. You need to get up to speed rather than posting incorrect info.They have stated that they now have sufficient headroom and funds to maintain operations even if the travel part of the group is completely shut down until April 2022.As posted previously, this is the CNA thread, please stick to the subject matter, namely CNA.How are CNA going to generate any growth now they've sold a business that generated 57% of their profits?Thanks

[florenceorbis] 25/5/2021 10:35

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[cleverinvester] 25/5/2021 10:35

Yep that's because discodave has no back bone and is a fraud

[diohohku] 25/5/2021 10:34

Also discodave45 stopped posting and disc0dave45 started to post on Saga BB!

[cleverinvester] 25/5/2021 10:34

Dio disco has been embarrassed... Left with his trousers down again ah ha ha ha lol

[diohohku] 25/5/2021 10:33

Above post dated 12 Aug 2020!

[diohohku] 25/5/2021 10:30

12 Aug '20 - 17:13 - 3646 of 4035
0 7 0
you see dave it was so simple, like you, to spot your new id

let me give you a clue dave if you wanted to pretend you were someone else using the discodave bit was not very clever putting a 5 after the 4....LOL

Then there was fact discodave45 started posting the same time as discodave4 stopped posting.

Then to complete your stupidity you posted on some old discodave4 favourites.

dave you couldn't have made it easier but you aren't very bright are you

[disc0dave45] 25/5/2021 10:23

Thanks gorgeous ?Any thoughts on future earnings here?, loooove to hear all about them chap.

[bookbroker] 25/5/2021 10:19

I just sympathize with you DD., everyone is bullying you, I hate to see you upset!🤡

[diohohku] 25/5/2021 10:12

Do you remember him now! one of his many usernames.

[diohohku] 25/5/2021 10:11

Oct '20 - 12:05 - 3580 of 11579
0 1 0
Post 3573 / 3575

Post 3575 posted by DD45 is EXACTLY the same as post 3573 posted by Diggerdog1 and then quickly replaced by whoops. No wonder you’ve pretended to filter me..... how embarrassing DD45.

I kinda think I’ve proved my point.... you’re a compulsive liar and move on !!

[disc0dave45] 25/5/2021 10:09

I rest my case! ??

[diohohku] 25/5/2021 10:08

Discuss on the appropriate thread says you who continuously deramps CNA on the Saga BB.

[disc0dave45] 25/5/2021 10:08

Oh FYIThe poster Diohohku is a deranged individual that has numerous handles (Jeanettetigger, fant1, purchase_atthebottom, diggerdog1). He / she invested heavily here in Nov 2019 at a price of 140-160 and blames another poster called Discodave4 (not me), a chap that shorted this and made a packet. He / She made up the handle Diohohku just to troll anyone with disco or Dave in their handle. Follows me now all over this site. Not wired up right, thinks everyone is this disco chap. Shame really.......NOT. ??Check out his / her postings on the Saga thread as well as the older CNA thread called "Centrica broker notes 2013/14".

[disc0dave45] 25/5/2021 10:00

Please stick to the subject matter, CNA. If you want to discuss SAGA I'm happy to oblige on the appropriate thread.So, how is 3.8p eps going to be achieved following the divestment of Direct Energy?I'm sure as 'Thebest' (pmsl) you have all the answers and I'd be interested to hear them.Thanks

[thebestinvestor] 25/5/2021 09:58

You don't need to come over and try and justify your purchase of a dog. SAGA PLC has came back for more money off their shareholders last year and they will be back again soon. Sir Roger De Haan will take it private and its bye bye to your investment.

[disc0dave45] 25/5/2021 09:56

CNA earnings growth for the last 5 years:-2%-26%-10%-62%-35%Their revenue has fallen from £29bn in 2014 to £15bn in 2020.A thriving business!, pmsl.