Centrica Share Discussion Threads

[silverstone_2] 25/5/2021 18:32

You learnt a valuable lesson today clever/dio, what goes around comes around.

[diohohku] 25/5/2021 17:45

Silverstone_2, disco bought Saga at 398 ONLY, as far as my loses? if disco posted that the moon was made of cheese you would probably believe that!

[silverstone_2] 25/5/2021 16:09

diohohku has conveniently forgot to mention that disc0dave's average at Saga is £2.72, so in actual fact he is sitting on a nice big profit. Unlike you diohohku, with your big losses in this dog of a share.

[silverstone_2] 25/5/2021 15:52

But lets face it clever, disc0dave45 is articulate and often posts good information about his investments. You, on the other hand, don't. You are not invested in Saga and there is no need for you to post. You are just one big stressed baby and proved via your Saga posts that anyone taking your advice is on a hiding to nothing.

[disc0dave45] 25/5/2021 14:20

Hurricane results today aren't good, massive fund raise required to keep operations going.Also the Spirit 50% JV for the greater Warwick and Lincoln fields looks to be winding up also:'As a result of this funding uncertainty and the early stage of appraisal, there is currently no reasonable expectation that the Lincoln and Warwick Crest discoveries could generate any meaningful near-term cash realisation. The GWA JV partners will continue to evaluate and consider all options for the licence going forward.'

[cleverinvester] 25/5/2021 14:15

Antonagis described disco perfectly over at SAGA A CHILD

[disc0dave45] 25/5/2021 13:47

Since they used all of the money from the sale of DE to reduce debt and make their obligatory £175m pension deficit payment (although the sums don't quite add up: £2.7bn for DE, paid down debt by £2.6bn leaving only £100m surplus), what will they sell next I wonder to fund their massive outgoings?.For the pension alone they have to continue to pay £175m every year until 2025 and then a payment of £96m in 2026. For the last FY period the deficit has increased by £300m and rising inflation will only increase the deficit further. I guess come the next triennial review (31st March 2021) their contributions will need to be increased.

[diohohku] 25/5/2021 13:08

electric heating
August Graham, PA City Reporter
Tue, 25 May 2021, 12:46 pm·3-min read

The owner of British Gas has called on the Government to throw £35 million at a plan to rip out gas boilers and replace them with hybrid systems, which use both gas and electricity to heat the UK’s homes.

Centrica said that a “retrofit fund” could transition around 5,000 homes from gas to hybrid heating by 2024, something which would reduce, though not eliminate, carbon emissions from heating these homes.

More than eight in 10 of the UK’s homes are heated with gas boilers which are responsible for about 14% of the country’s carbon emissions.

Climate experts have said that replacing these boilers will be one of the biggest challenges for the country in the path to net zero – a term that means the country does not emit more than it absorbs.

“Whilst hybrid systems, which combine small capacity gas boilers with air source heat pumps, do not currently offer a zero carbon solution, they will help to achieve carbon reduction in the short term,” Centrica said on Tuesday.

It said that over time the natural gas burnt to run the boilers would be replaced by hydrogen, which might reduce the emissions from the boilers to zero.

However, campaigners have long worried that investments into hydrogen could keep the UK hooked on fossil fuels.

Hydrogen can be produced in different ways, including through splitting water molecules, which can be carbon neutral.

[diohohku] 25/5/2021 12:29

My advice to disco is STOP buying Saga at top dollar (398) then coming here spouting your mouth off when you can't even manage your own investments!

[hifc231] 25/5/2021 12:07

I cant understand why this is so low. They have approx £500 million in debt, they are making annual savings of about £100 million + the approx £ 350 million they are saving not paying the dividend means they should have no debt in about 1.5 year.

Ok they still have pensions black hole, decommissioning of old oil platforms and the Nuclear clean up (but all i n the long term future), if they sold Spirit that would cover some of those liabilties.

Ok they lost customers (this will level out), the core business must be profitable and with the above taken into consdieration makes for a stable, debt free business in these troubled covid times.

To me its just not in fashion so to speak........ surely its worth around the £ 1.50 (oncce dividend is reinstated, in a year or two)

[cleverinvester] 25/5/2021 11:48

Yes but how are you here giving advice when you own a debt trap like SAGA

[disc0dave45] 25/5/2021 11:45

This is the CNA thread boy.

[cleverinvester] 25/5/2021 11:39

What about Saga disco?

[disc0dave45] 25/5/2021 11:36

CNA and Thames Water deal.What 99p/month!Homeserve do it for 25% less, 75p/month. Why would Thames customers that possibly already had cover with Homeserve switch to CNA.HTTPS://www.homeserve.com/uk/insurance/plumbing-drainage-cover?aboutyou=true&gclid=Cj0KCQjwwLKFBhDPARIsAPzPi-LpVEk1USPb4_oJk9bSdV2XWw6zzoDLmMXAkf0VPlgRiBFXweI7LB4aAoLPEALw_wcB

[cleverinvester] 25/5/2021 11:28

SIR ROGER owns most of SAGA at this stage...why wouldn't he bring it PRIVATE? CNA have cleared most of their debt

[disc0dave45] 25/5/2021 11:24

Yep it is good news.
Homeserve also partnered with Thames back in 2016, looks like their 5 year term (guessing) has ended?.
Yep a possible £20m annual income stream if every single customer takes the service (doubtful). Hardly making up for the £250m operational profit that DE provided!.
Every little helps I suppose.

[cleverinvester] 25/5/2021 11:17

Disco is rattled. His indebted SAGA will go one way once interest rates rise . PRIVATE

[cleverinvester] 25/5/2021 11:16

Excellent news .

[diohohku] 25/5/2021 11:16

disco it's actually 'hear' not 'here' what you think.....back to school for you!

[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