[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Centrica Plc LSE:CNA London Ordinary Share GB00B033F229 ORD 6 14/81P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.34 4.58% 53.42 53.28 53.34 53.58 50.10 51.02 27,893,668 16:35:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gas Water & Utilities 12,249.0 -577.0 41.0 1.3 3,121

Centrica Share Discussion Threads

Showing 36101 to 36123 of 36400 messages
Chat Pages: 1456  1455  1454  1453  1452  1451  1450  1449  1448  1447  1446  1445  Older
DateSubjectAuthorDiscuss
23/7/2021
13:59
eps 2.8, PE is 17Consensus forecast is 3.7p, IMO it will be lucky to make that going on their outlook. 3.7 x 12 = 44p
disc0dave45
23/7/2021
13:22
Pe of 1. Earnings increase could see large upside with limited downside plus potential for foreign investors to enter market.Looks a safe longterm investment to me.once starts dividends will rise to 60- 70p level IMHO.
longwell
23/7/2021
12:31
looking at 1 yr chart support around here
supermarky
23/7/2021
10:18
looked alright to me the results.. Not a holder currently.. interested to hear what others thought...
undervaluedassets
23/7/2021
07:21
European markets set to nudge higher as investors watch earnings, data Published Fri, Jul 23 20212:05 AM EDT Elliot Smith @ElliotSmithCNBC Key Points July’s flash PMI (purchasing managers’ index) readings are due Friday morning from France, Germany and the wider euro zone. Earnings season continues to gather steam in Europe, with Thales, Signify and Lonza among those reporting second-quarter results on Friday, while Vodafone issues a trading update. LONDON — European stocks are set for a modestly higher open on Friday, as investors monitor a slew of economic data from across the continent, along with a fresh round of corporate earnings. Britain’s FTSE 100 is seen around 13 points higher at 6,981, Germany’s DAX is expected to add around 29 points to 15,544 and France’s CAC 40 is set to gain around 17 points to 6,499, according to IG data.
waldron
22/7/2021
22:05
Simplifying the Spirit Energy sales process -- Our intention remains to exit oil and gas production in line with our strategic shift to simplify the Group, focus on the customer and decarbonise the Group's portfolio. -- In line with this, in 2019 we announced our intention to divest our 69% shareholding in the Spirit Energy E&P business. The disposal process has been impacted by the uncertain backdrop created by the Covid-19 pandemic, and the joint venture structure which limited the number of parties interested in buying the business as a whole. We have now made progress towards pursuing alternative sale options, which will simplify the sale structure and enable us to maximise the value of our assets while de-risking liabilities. -- While we still own Spirit Energy, we will actively manage it. The steps we have taken with our partner and the Spirit management team mean the business was free cash flow positive in H1 2021 and given current commodity prices we expect that to remain the case for the remainder of this year.
waldron
22/7/2021
21:45
Director buy £25k worth ... disappointing price action today
tahmina1
22/7/2021
20:26
American Idiot : Agree with your post 616. See Centrica as a sound medium term investment. So does a Director...by the look of it!
wendsworth
22/7/2021
13:44
Dividend --" No 2021 interim dividend is being declared. We recognise the importance of dividends to shareholders and intend to recommence dividends to shareholders when it is prudent to do so." Theres a few holes there, "We recognise the importance of dividends" thats not true whilst paying themselves more. "prudent" WTF would they know on the subject?
mroalan
22/7/2021
10:15
At least they are being prudent and sensible. Once the ship is stable! Anyway good hold at the moment. Steady as she goes
supermarky
22/7/2021
09:58
I guess disappointment regarding no dividend as yet
florenceorbis
22/7/2021
09:44
and its still down ffs!!
nemesis6
22/7/2021
08:07
Dividend -- No 2021 interim dividend is being declared. We recognise the importance of dividends to shareholders and intend to recommence dividends to shareholders when it is prudent to do so. 2021 OUTLOOK BROADLY UNCHANGED -- The factors we set out in our Preliminary Results in February that we expect to impact our 2021 full year outlook remain relevant. -- Bord Gáis Energy's Whitegate CCGT remains offline having experienced a forced outage in December 2020, and it is currently expected the power station will be back online towards the end of 2021. Adjusted operating profit is expected to be negatively impacted by up to GBP40m, at the upper end of the previously guided GBP25m-GBP40m range, due to lost revenue and higher market power price exposure to meet customer demand. -- We still forecast that Energy Company Obligation (ECO) costs in British Gas Energy will be around GBP80m higher for the full year than in 2020, and this level of spend is projected to continue into 2022. -- We also still expect to benefit materially from our significant restructuring programme, with year-on-year operating cost savings of more than GBP100m. Combined with the impact of colder weather conditions in the UK, we continue to expect to see some margin recovery in British Gas Energy in 2021 when compared to 2020 despite a fall in underlying consumption, a reduction in customer numbers and the higher ECO costs. -- The increase in wholesale commodity prices are starting to benefit our Upstream businesses, however full year Spirit Energy gas and oil production volumes are now expected to be around 15%-20% lower in 2021 than in 2020. We will see additional depreciation of around GBP40m in H2 2021 as a result of the write-backs on Spirit Energy assets. On Nuclear, we have greater clarity on the future of some stations, however nuclear generation is expected to be lower in 2021 than in 2020 given H1 2021 output and current plant outages. -- In addition, the remaining legacy gas contract in Energy Marketing and Trading is now expected to make a full year operating loss in 2021 around the upper end of the previously provided GBP50m-GBP100m per annum range, reflecting recent commodity price moves. -- Although Covid-19 had a material impact on the financial result in H1 2021, the easing of restrictions are expected to result in some recovery in business energy demand in H2 2021. In addition, we expect to see a return to more normal levels of services and solutions workload. However, we remain cautious on the potential for incremental working capital outflow and higher bad debt costs due to an uncertain economic outlook and the end of various government support schemes. -- We will continue with our strong focus on free cash flow, in particular a tight discipline on operating costs, cash restructuring and capital expenditure.
florenceorbis
22/7/2021
08:05
2021 OUTLOOK BROADLY UNCHANGED -- The factors we set out in our Preliminary Results in February that we expect to impact our 2021 full year outlook remain relevant. -- Bord Gáis Energy's Whitegate CCGT remains offline having experienced a forced outage in December 2020, and it is currently expected the power station will be back online towards the end of 2021. Adjusted operating profit is expected to be negatively impacted by up to GBP40m, at the upper end of the previously guided GBP25m-GBP40m range, due to lost revenue and higher market power price exposure to meet customer demand. -- We still forecast that Energy Company Obligation (ECO) costs in British Gas Energy will be around GBP80m higher for the full year than in 2020, and this level of spend is projected to continue into 2022. -- We also still expect to benefit materially from our significant restructuring programme, with year-on-year operating cost savings of more than GBP100m. Combined with the impact of colder weather conditions in the UK, we continue to expect to see some margin recovery in British Gas Energy in 2021 when compared to 2020 despite a fall in underlying consumption, a reduction in customer numbers and the higher ECO costs. -- The increase in wholesale commodity prices are starting to benefit our Upstream businesses, however full year Spirit Energy gas and oil production volumes are now expected to be around 15%-20% lower in 2021 than in 2020. We will see additional depreciation of around GBP40m in H2 2021 as a result of the write-backs on Spirit Energy assets. On Nuclear, we have greater clarity on the future of some stations, however nuclear generation is expected to be lower in 2021 than in 2020 given H1 2021 output and current plant outages. -- In addition, the remaining legacy gas contract in Energy Marketing and Trading is now expected to make a full year operating loss in 2021 around the upper end of the previously provided GBP50m-GBP100m per annum range, reflecting recent commodity price moves. -- Although Covid-19 had a material impact on the financial result in H1 2021, the easing of restrictions are expected to result in some recovery in business energy demand in H2 2021. In addition, we expect to see a return to more normal levels of services and solutions workload. However, we remain cautious on the potential for incremental working capital outflow and higher bad debt costs due to an uncertain economic outlook and the end of various government support schemes. -- We will continue with our strong focus on free cash flow, in particular a tight discipline on operating costs, cash restructuring and capital expenditure.
florenceorbis
22/7/2021
08:01
Dividend -- No 2021 interim dividend is being declared. We recognise the importance of dividends to shareholders and intend to recommence dividends to shareholders when it is prudent to do so.
florenceorbis
22/7/2021
07:57
I guessed CityAm were wrong, just checking. Muppets should read RNS properly before publishing an update.
t-trader
22/7/2021
07:55
City Am is wrong. Centrica net debt is £97m (Down from £3b) due to the sale of Direct Energy.
american idiot
22/7/2021
07:55
I assume the RNS as they received $3.625bn from the sale?
skinny
22/7/2021
07:53
Which is correct? RNS states Net debt down to GBP0.1bn from GBP3.0bn over H1 2021, including the impact of proceeds received from the sale of Direct Energy in January 2021. CityAm post states: Despite the impacts of the pandemic and British Gas strikes, the group managed to shave its net debt down to £2.9bn from £3bn six months ago.
t-trader
22/7/2021
07:53
Https://www.cityam.com/centrica-profits-lift-as-british-gas-strike-turns-down-the-heat/ British Gas strike turns down the heat Millie Turner British Gas owner Centrica said that the coronavirus pandemic was continuing to heap pressure on its finances, with business electricity demand still down. Centrica has taken home some £1bn in operating profits in the past six months, as industrial actions at subsidiary British Gas tones down. The group swung from a £338m statutory profit loss last year, it said in its result for the six months to 30 June. Centrica had been hit with industrial action at British Gas over the period and said its adjusted operating profits of £262m were “offset by impacts of Covid-19 across the group and industrial action in British Gas Services”. Some 7,000 British Gas engineers were on strike for a total of 44 days in protest of the firm’s so-called “fire and rehire” tactics. Despite the impacts of the pandemic and British Gas strikes, the group managed to shave its net debt down to £2.9bn from £3bn six months ago. “Our first-half financial performance was broadly as we expected overall, and we continue to make good progress towards the simplification of our company,” group boss Chris O’Shea said. “Although there is still a lot to achieve, our turnaround remains on track, our balance sheet has been significantly strengthened.” Basic earnings per share lifted this year to 12.8p from a 5.9p loss last year. The group’s sale of direct energy also bolstered its balance sheet, which it said allows for an increased focus on core UK and Ireland activities.
florenceorbis
22/7/2021
07:51
Excellent set of results.. Total Group free cash flow from continuing operations up 4% to £524m, with lower capital expenditure reflecting ongoing capital discipline. · Net debt down to £0.1bn from £3.0bn over H1 2021, including the impact of proceeds received from the sale of Direct Energy in January 2021. · £608m post-tax exceptional profit on disposal of Direct Energy. Total post-tax exceptional profit from continuing operations of £248m (2020: loss of £897m) largely due to the write back of E&P assets. · From continuing operations, statutory operating profit of £1,003m (2020: loss of £338m) and basic EPS of 12.8p (2020: loss of 5.9p) including a profit on certain remeasurements due to rising commodity prices. Statutory net cash flow from operating activities down 12% to £558m. Net Asset value has more than doubled.......... Net assets increased to £2,878m (31 December 2020: £1,382m), reflecting the statutory profit in the period and the decrease in retirement benefit obligations.
american idiot
22/7/2021
07:45
Https://www.cityam.com/centrica-profits-lift-as-british-gas-strike-turns-down-the-heat/ British Gas strike turns down the heat Millie Turner British Gas owner Centrica said that the coronavirus pandemic was continuing to heap pressure on its finances, with business electricity demand still down. Centrica has taken home some £1bn in operating profits in the past six months, as industrial actions at subsidiary British Gas tones down. The group swung from a £338m statutory profit loss last year, it said in its result for the six months to 30 June. Centrica had been hit with industrial action at British Gas over the period and said its adjusted operating profits of £262m were “offset by impacts of Covid-19 across the group and industrial action in British Gas Services”. Some 7,000 British Gas engineers were on strike for a total of 44 days in protest of the firm’s so-called “fire and rehire” tactics. Despite the impacts of the pandemic and British Gas strikes, the group managed to shave its net debt down to £2.9bn from £3bn six months ago. “Our first-half financial performance was broadly as we expected overall, and we continue to make good progress towards the simplification of our company,” group boss Chris O’Shea said. “Although there is still a lot to achieve, our turnaround remains on track, our balance sheet has been significantly strengthened.” Basic earnings per share lifted this year to 12.8p from a 5.9p loss last year. The group’s sale of direct energy also bolstered its balance sheet, which it said allows for an increased focus on core UK and Ireland activities.
florenceorbis
22/7/2021
07:06
Half-year Report.
skinny
Chat Pages: 1456  1455  1454  1453  1452  1451  1450  1449  1448  1447  1446  1445  Older
ADVFN Advertorial
Your Recent History
LSE
CNA
Centrica
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210920 16:34:31