Centrica Share Discussion Threads

[cleverinvester] 29/5/2021 20:45

Fair play to Discodave he's been harping on about CNAS pension deficit and when we look under the bonnet of SAGA all isn't rosy ...https://www.pensionsage.com/pa/Saga-pension-trustees-propose-39m-pension-deficit-recovery-plan.php

[cleverinvester] 29/5/2021 20:44

Now disco keep going and I'll share the liability documents to the SAGA board for the rest to read. 415 mill of a liability is big https://www.pensionsage.com/pa/Saga-pension-trustees-propose-39m-pension-deficit-recovery-plan.php

[disc0dave45] 29/5/2021 20:38

You keep posting false information boy:"415 million"Nope, the pension deficit is £39m, can't you read?

[disc0dave45] 29/5/2021 20:28

Well done boy, but too late. You posted they had a "massive" pension deficit, they don't, it's about one months earnings from their two ships once every year for the next 7 years.Best you email the FCA with that info to prove you have posted false and misleading information.Please stick to the subject matter in hand, CNA, not Saga.

[disc0dave45] 29/5/2021 20:24

So are they actually going to give financial guidance when they issue their interims or what?They've also stated, we : "Intend to set out longer-term strategy in H2 2021"Thought they already had a long term plan?.....do the BOD actually have any idea whatsoever, IMO doesn't sound like it.

[cleverinvester] 29/5/2021 20:18

SAGAS pension liabilityhttps://www.pensionsage.com/pa/Saga-pension-trustees-propose-39m-pension-deficit-recovery-plan.php415 million oooooooouuuuuuucccccchhhhhh

[cleverinvester] 29/5/2021 20:00

AHH did you learn a new word ? FCA run along then I'm shivering lol

[disc0dave45] 29/5/2021 19:51

Nope boy, just in your head along with your troll of a girlfriend.You are known to have numerous handles and it's been proven that you are poster GeorgeWright who has stated that he is shorting Saga, so your deliberate and misleading posts have a financial implication to yourself. The FCA also now know this, thanks to your stupidity.Oh by the way, also pinged all your false statements about Saga to a contact at their IR, sure they will have something to say to ADVFN admin.

[disc0dave45] 29/5/2021 19:31

So they've just gone through 12 months of a pandemic, they are a regulated business that has to provide customer and energy usage forecasts etc to Ofgem but the BOD can't provide any financial guidance for this year......despite the fact we're already nearly 6 months in!:"Given the ongoing uncertain outlook, we are still not providing any specific Group earnings or cash flow guidance for 2021. The Company is due to release its 2021 Interim Results on 22 July 2021."

[cleverinvester] 29/5/2021 19:24

Grim readinghttps://www.proactiveinvestors.co.uk/companies/news/939443/saga-in-talks-with-lenders-as-tours-remain-on-hold-due-to-coronavirus-restrictions-939443.html

[disc0dave45] 29/5/2021 19:00

Will repeat, prove what you post. You said they cant pay the ship loans and they have a massive pension deficit.....neither is true.

[disc0dave45] 29/5/2021 18:58

Adding libel to the list.You better start getting proof to support all of your deliberately misleading and false statements boy.

[cleverinvester] 29/5/2021 18:55

FACT:SAGA deferral of payments as can't pay them .....But the company said it was "taking actions to further enhance financial flexibility", reviewing the covenants attached to a term loan and bank facility, while a package of measures available for the cruise industry could allow for deferral of up to £45mln of principal payments due to be made from April.

[disc0dave45] 29/5/2021 18:47

Post 3382 reported to FCA for completely false and misleading statement on Saga finances.Have already posted on Saga thread they do not have to pay any ship loan until 2022, their pension contribution is minimal (£4.8m 2020).You can't post up false information, this isn't the first time either and those posts have also been passed on.

[cleverinvester] 29/5/2021 18:38

Well at least there paying their bills SAGA plc can't even pay the interest on the loans for the ships lolhttps://www.proactiveinvestors.co.uk/companies/news/939443/saga-in-talks-with-lenders-as-tours-remain-on-hold-due-to-coronavirus-restrictions-939443.html

[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.'