Centrica Share Discussion Threads

[disc0dave45] 29/5/2021 18:26

CNA pension deficit is £1.9bn, that's nearly two-thirds of their market cap.They will need to find £175m for their deficit contribution this year.....no more DE money available.

[cleverinvester] 29/5/2021 17:04

I believe there is a massive pension deficit of 415 million at SAGA how will they pay it when they can't even pay for their ships lol (as quoted deferral of loan payments proactive investors)
hxxps://www.pensionsage.com/pa/Saga-pension-trustees-propose-39m-pension-deficit-recovery-plan.php

[disc0dave45] 29/5/2021 15:54

Strange when O'Shea was CFO he stated that divestments would not be used to pay down debt but to fund their re-structure and operational costs - now as CEO he's done a complete U turn, but what's going to find their massive Opex costs now?, can't sell nuclear and they've said that Spirit won't be sold in the next 12 months. Perhaps his mega plan is to sell everything to pay the pension deficit and also reduce operational costs at the same time - what a genius!, not.

[disc0dave45] 29/5/2021 15:47

Couldn't agree more.

[disc0dave45] 29/5/2021 15:46

Centrica recent trading update - be careful what you wish for muppet, you clearly are too dense to grasp what it is you are hoping for: 'As expected, Covid-19 continues to impact the Company. In Q1 2021, electricity demand from our UK business customers was negatively impacted by around 15%, residential boiler installations were down 11% compared to Q1 2020, and non-essential service visits were postponed in order to protect colleagues and customers from the risks of catching and spreading Covid-19.'

[cleverinvester] 29/5/2021 14:46

Hay Disco wouldn't want to be in travel next week lolhttps://news.sky.com/story/covid-19-cases-growing-exponentially-as-professor-warns-government-against-repeating-mistake-of-acting-too-late-12319957

[cleverinvester] 29/5/2021 14:45

Norma stitts has a hidden agenda she is a engineer

[disc0dave45] 29/5/2021 12:07

Centrica recent trading update - be careful what you wish for muppet, you clearly are too dense to grasp what it is you are hoping for: 'As expected, Covid-19 continues to impact the Company. In Q1 2021, electricity demand from our UK business customers was negatively impacted by around 15%, residential boiler installations were down 11% compared to Q1 2020, and non-essential service visits were postponed in order to protect colleagues and customers from the risks of catching and spreading Covid-19.'

[cleverinvester] 29/5/2021 11:09

Hay disco turn on sky news or better still .here is this morning's newshttps://news.sky.com/story/covid-19-things-could-get-bad-very-very-quickly-calls-for-caution-as-doubts-grow-over-ending-lockdown-12319638

[cleverinvester] 29/5/2021 10:50

Norma run along back to your union page...we know your a CNA engineer

[adrian j boris] 29/5/2021 08:08

NYSE markets observe U.S. holidays 2021


Memorial Day Monday, May 31

[norma_stitts] 28/5/2021 20:32

What a frightening thought that Cleverinvester was the fastest swimmer out of them all.

[grupo] 28/5/2021 20:16

When is the next London Stock Exchange holiday?

The next London Stock Exchange holiday is Bank Holiday and will be observed on Monday, May 31, 2021 which is 3 days from now.

[disc0dave45] 28/5/2021 19:23

So they have already made allowance for about £55k per employee to be laid off........but is that their statutory minimum requirement or what?, the bulk is at senior management level so seems light IMO, particularly as average wage is £40k.'The expected cost to complete this restructuring has largely been provided for in the 2020 full year exceptional charge of GBP274m, with the cash expenditure expected to occur over 2020 and 2021.'

[disc0dave45] 28/5/2021 19:06

From their trading update below, let's hope Covid is under control: "As expected, Covid-19 continues to impact the Company. In Q1 2021, electricity demand from our UK business customers was negatively impacted by around 15%, residential boiler installations were down 11% compared to Q1 2020, and non-essential service visits were postponed in order to protect colleagues and customers from the risks of catching and spreading Covid-19."

[sentimental rules] 28/5/2021 16:23

CNA up SAGA down. They are over here because their rattled again lol



ps it's they're

[sentimental rules] 28/5/2021 16:22

still having trouble spelling I see there investor

[cleverinvester] 28/5/2021 16:14

https://news.sky.com/story/uk-reports-more-than-4-000-covid-cases-for-first-time-since-1-april-12319320Oooooooooouch holders in travel highest daily rate since April 1st

[cleverinvester] 28/5/2021 15:59

CNA up SAGA down. They are over here because their rattled again lol

[glenngladssilver] 28/5/2021 13:35

Oh deary me, down again and struggling to get to 0.55. As I said, will trade in the range 50-60p for some time. One dog of a share. Only a fool would buy with all the regulatory restraints and lack of forward planning.

[disc0dave45] 28/5/2021 11:19

Is it August the next Ofgem review?Should be interesting to see following their lambasting at increasing the cap last time.

[waldron] 28/5/2021 07:47

European markets set for slightly higher open as U.S. data boosts recovery hopes

Published Fri, May 28 20212:21 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

Global equities look to be heading for a seventh consecutive day of gains after first-time jobless claims in the U.S. fell to a new pandemic low of 406,000, according to Labor Department data.

A host of business climate, economic sentiment and consumer confidence surveys for May are due out of the euro zone at 10 a.m. London time.

European markets are set to climb cautiously on Friday, pushing toward record highs as global stocks take heart from strong economic data out of the U.S.

Britain’s FTSE 100 is seen around 18 points higher at 7,038, Germany’s DAX is expected to gain around 53 points to 15,460 and France’s CAC 40 is set to add around 13 points to 6,449, according to IG data.