Centrica Share Discussion Threads

[diohohku] 05/10/2021 13:11

Stressey why aren't you posting on the Saga board?

[stretford1964] 05/10/2021 13:10

DISC0DAVE45, the answer to your question is they do. And did you know that British Gas lost 114,000 residential customer accounts in the first half of 2021,

[diohohku] 05/10/2021 13:09

Does any long term posters on CNA remember a poster called Discodave4?

[disc0dave45] 05/10/2021 13:08

'private equity firms more generally consider pension deficits as debt.'Try reading this, hope it helps you to understand CNA pension deficit / debt, as no different to what BT are going through.HTTPS://www.ofcom.org.uk/__data/assets/pdf_file/0016/111535/Draft-statement-annex-30.pdf

[diohohku] 05/10/2021 13:05

Wigwammer he's a master of disguise in more ways than one! more slippery than an eel.

[disc0dave45] 05/10/2021 13:04

Can you stick to the subject matter please, rather than resorting to personal comments.So you are saying they don't have to pay off their pension deficit?, a simple yes or no would do.

[discojulian45] 05/10/2021 13:01

wigwammer, you are entitled to your opinion but even you have to admit this has been a very poor performing share in the last 60 months. It was well over £2 at one stage and it's going to take a very long time to recover to £1, let alone over £2!

[wigwammer] 05/10/2021 12:40

Lol dio.. notice how he cunningly swaps the word debt for the word liability... cunning... bet he captained his school debating team with tricks like that up his sleeve :)

[intelligenttrader] 05/10/2021 12:31

Based on all the available data and information, it is very unlikely Centrica will survive in its current format. Nationalisation within a few years is my guess. There could also be a Rights Issue at some point as cash will be required to cover its huge operating expenses.

[disc0dave45] 05/10/2021 12:31

Oh so you are saying they don't have to cover their pension liability?, strange, does O'Shea know that!.

[diohohku] 05/10/2021 12:31

Wigwammer be careful or you will be accused of being a troll!

[wigwammer] 05/10/2021 12:29

But they are not debt. And we both know it. So just to recap - the posters that stated that CNA has a lot of debt got it wrong. Hope that helps.

[diohohku] 05/10/2021 12:25

Could you also tell us the lottery! 😂

[disc0dave45] 05/10/2021 12:25

Since when have pension deficit payments not been a liability?Are you saying they don't have to pay the £1.5bn deficit?

[infernoep] 05/10/2021 12:24

Disc0dave, thatks for the information but that's not good news. Where do you think the CNA share price will be in 6 months' time?

[wigwammer] 05/10/2021 12:23

"1.5bn pension deficit, ?170m pa minimum payment. ?243m H1 already.Technically overbought now." ... but very little debt. Thanks for conceding :)

[diohohku] 05/10/2021 12:22

£4.00 to £4.50 pmsl!

[diohohku] 05/10/2021 12:21

And Centrica share price keeps rising and rising.....thanks to our lucky disco mascots!

[glenngladssilver] 05/10/2021 12:18

Dio, Jackonory, nearly p'd myself laughing at your stupidity. You should have bought in the 130s.

[diohohku] 05/10/2021 12:17

glenngladssilver - 14 May 2021 - 14:35:29 - 15109 of 19746 Close Brothers bring SAGA to market - SAGA
Thanks for the information fjgooner. I expect this to be trading in a higher range, £4 to £4.50, in the not too distant future.

[disc0dave45] 05/10/2021 12:10

Their legacy gas contracts were losing them millions even before the increase in wholesale gas prices (increased twofold in H1 to £57m)…….hope they are hedging a lot better than historically!.

“The cost of supplying a typical household is now thought to be £550 above the price cap”

[diohohku] 05/10/2021 12:05

Jackanory 😁

[glenngladssilver] 05/10/2021 12:03

?????? I'm well in profit with Saga but here to discuss CNA. So let's keep this bb to CNA. If you want to post about Saga use the correct bb.

[diohohku] 05/10/2021 11:59

Because most of the Saga posters are here, they just can't keep watching the Saga share price fall!

[glenngladssilver] 05/10/2021 11:57

Dio, you just don't get it. This is the CNA bb, not Saga. Why are you posting about Saga on here old chap??