Centrica Share Discussion Threads

[norma_noog] 26/4/2022 22:49

CNA closing share price 78.90, down 0.86, minus 1.1% diohohku160 diohohku160 diohohku160 diohohku160 diohohku160 diohohku160 diohohku160 diohohku160 diohohku160 diohohku160 diohohku160

[disc0dave45] 25/4/2022 21:15

Macron also announced at the end of March he would nationalise utility EDF, which is currently 84% state owned, to finance the costly nuclear revival, if re-elected.HTTPS://www.montelnews.com/news/1315204/macron-wins-election-vows-to-boost-nuclear-renewables

[disc0dave45] 25/4/2022 21:12

Macron will nationalise EDF nuclear IMO, his voters will accept nothing less:HTTPS://www.express.co.uk/news/science/1600725/macron-grip-britain-energy-france-edf-nuclear-reactors/amp

[purchase_atthebottom1] 25/4/2022 19:01

Discodave 229 Discodave 229 Discodave 229 Discodave 229 Discodave 229 🤣

[disc0dave45] 25/4/2022 14:06

Macron will now be pursuing nuclear assets, nationalising EDF's, as a minority holding O'Shea's pontificating will be resolved for him!

[waldron] 25/4/2022 12:47

Centrica
79.26 +0.10%

One of the very few shares up today

[waldron] 25/4/2022 12:47

Centrica
79.26 +0.10%

One of the very few shares up today

[diohohku] 25/4/2022 12:31

Have not posted for a while but seems like same old waffle. 😇

[adrian j boris] 25/4/2022 11:33

Centrica's Positioning in Bulb's Acquisition Seen as Advantaged

0929 GMT - Centrica's positioning in any acquisition of Bulb's customer base is seen by RBC Capital Markets as having the advantage should the U.K. energy retailer be able to offload the associated near-term risks of onboarding initial loss-making customers.


Only two firms, Centrica and Abu Dhabi's Mubadala-owned Masda, are bidding to buy Bulb, the Sunday Times newspaper has reported.

"The focus for parties interested in acquiring failed energy suppliers continues to surround the risk of absorbing a loss-making customer base over the near term," RBC analysts say in a research note.

With 1.7 million customers, Bulb was the largest of the U.K. energy retailers which went bankrupt last year when wholesale prices soared.

([e-mail])

[waldron] 24/4/2022 20:10

Centrica and Masdar Only Bidders for U.K.’s Failed Bulb
By

Irene Garcia Perez


24 avril 2022, 15:05 UTC+2

@irenegperez
@BloombergUK

[disc0dave45] 24/4/2022 19:30

HTTPS://www.bloomberg.com/news/articles/2022-04-24/centrica-masdar-only-bidders-for-u-k-s-failed-bulb-s-times

[disc0dave45] 24/4/2022 12:43

….and Masdar. Yep everyone is queuing up to bid, not.
Tax payers will keep having to fund the sector.
Another classic example of a business with zero strategy - they sell Direct Energy (very profitable business) and bid for Bulb!, you couldn’t make it up.

[careful] 24/4/2022 12:28

main headline in Sunday Times business.

'British Gas bids for Bulb'.
centrica to demand taxpayer 'dowry' to rescue collapsed groups 1.7m customers.

Full article.

[disc0dave45] 24/4/2022 10:27

Yep, try phoning BG!HTTPS://www.telegraph.co.uk/money/consumer-affairs/desperate-people-calling-energy-firms-help-no-one-end/

[waldron] 24/4/2022 06:34

British Gas owner Centrica and EDF slam administrators for 'aggravating' problems caused by collapse of energy suppliers

By Alex Lawson, Financial Mail On Sunday

Published: 21:51 BST, 23 April 2022 |

Updated: 21:51 BST, 23 April 2022


British Gas owner Centrica and EDF have slammed administrators for 'aggravating' problems caused by the collapse of energy suppliers.

Centrica has written to Ofgem, demanding that the regulator intervenes to speed up the process of 'onboarding' customers stranded when their supplier has gone bust.

It claims administrators had not only slowed the process of handing over customers' details, but also taken unnecessary direct debit payments, leaving consumers furious.

Complaint: Centrica has written to Ofgem, demanding that the regulator intervenes to speed up the process of 'onboarding' customers stranded when their supplier has gone bust



British Gas was named by MoneySavingExpert as the worst firm to pick up customers via the process. It took consumers from nine of the nearly 30 suppliers which went bust last year as wholesale energy costs soared. Customers cited missing credit balances, billing delays and poor communication.

But, giving evidence to MPs last week, Centrica chief Chris O'Shea said: 'The administrator of the failed company is not incentivised to do anything quickly. They would not give us any information on credit balances… [Customers] are several months into their journey with British Gas, and they are quite rightly deeply unhappy.'





EDF UK chief Simone Rossi claimed administrators had 'aggravated an already-difficult situation', adding: 'Our experience with administrators has been awful.'

O'Shea singled out consultancy Alvarez and Marsal – which worked on the administration of PFP Energy and People's Energy – for the 'two worst transfers'.

A&M said it did 'everything we can to facilitate a smooth transition' but had a duty to act in the best interests of creditors.

[norma_noog] 21/4/2022 07:24

CNA needs to sort itself out. fart1 (diohohku160) is still over 50% down. Ouch!😂

[maywillow] 20/4/2022 10:11

Could the Centrica dividend come back soon?

Our writer considers the chances of the Centrica dividend coming back soon to help build his passive income streams.

Christopher Ruane❯

Published 19 April, 12:46 pm BST



Back in the day, one of the attractions of holding shares in British Gas owner Centrica (LSE: CNA) was its dividend. Thanks to the profitability of the company’s business with its large installed user base, the dividend was juicy. Today the company trades as a penny share. But eight years ago the annual dividend was over 17p per share.

That was later cut to 12p per share before being abandoned altogether during the pandemic. But with Centrica seeing a strong business recovery, could the payout be making a comeback soon?


Centrica business recovery

The business’s performance last year suggests that Centrica may finally have turned a corner in its road back to business health. Statutory earnings attributable to shareholders from ongoing businesses jumped to £586m from a prior year loss. That meant statutory basic earnings per share came in at 10p. At the current Centrica share price, the price-to-earnings ratio is under eight. That looks cheap to me.

The company has streamlined its business and sold off sizeable assets. That brings some risk of concentration – Centrica remains heavily exposed to the UK gas market. That means it can suffer if gas prices crash. I also see longer-term risks of gas demand falling as alternative energy sources become more widely used.

But the sales have also helped Centrica in ways I think could make it more attractive for my portfolio. Management should now be more focused, something that I think has been a struggle for the business before, especially when it comes to dealing with retail customer complaints. Crucially, the sale proceeds and business performance mean the balance sheet is now in much better condition then a couple of years ago. The firm ended last year with £700m in net cash, compared to net debt of £3bn just 12 months previously.


Centrica dividend prospects

With those sorts of earnings, I reckon the company could afford to bring back its dividend at the moment. Not only have earnings returned to a substantial level, so has free cash flow. Last year it came in at £1.2bn from the company’s continuing operations.

So, why has the dividend not already been restored? I do not think there is a compelling reason frankly. The company pointed to regular pension negotiations that are due to conclude in the next couple of months and said that it “should soon be in a position to restart paying a dividend”. That at least suggests that it could reintroduce the dividend, perhaps later this year.

But I suspect the dividend may not be restored at its pre-pandemic level. Asset sales mean future earnings may not match previous ones. On top of that, current management does not exactly seem enthusiastic about restoring the dividend.
My next move on Centrica

Being a Centrica shareholder, February’s final results announcement struck me as a missed opportunity. The company is earnings lots of money and generating sizeable free cash flows. I see no compelling reason to delay the restoration of dividends.

The Centrica share price has grown 37% in the past year and the dividend outlook is less attractive than it was a few years ago. For that reason I am considering selling my Centrica shares to invest in what I regard as a more reliable passive income pick.




Christopher Ruane owns shares in Centrica. The Motley Fool UK

[norma_noog] 20/4/2022 07:42

CNA closing shsre price 78.40, down yet again😂

[disc0dave45] 19/4/2022 17:39

New system working fine!HTTPS://www.thesun.co.uk/money/18305861/british-gas-customers-furious-energy-firm-closes-accounts/

[disc0dave45] 19/4/2022 17:33

PmslHTTPS://www.centrica.com/media-centre/news/2022/consumers-demand-energy-suppliers-protect-credit-balances/Chris O'Shea, Chief Executive of Centrica said:"It is an outrage that the hard-pressed UK consumer is paying for the failure of energy suppliers, and we must make sure this never happens again, starting with protecting our customers' hard-earned cash. British Gas customers can always have comfort that the money they pay up front for their energy is properly protected and is only used to buy energy after our customers have used that energy - and not for day-to-day activities. It's clear that consumers think every supplier should do the same.

[disc0dave45] 19/4/2022 09:56

So kind of Octopus!.....yeah right whatever.HTTPS://www.thisismoney.co.uk/money/markets/article-10729505/Octopus-energy-pledges-50m-help-struggling-households.html

[aimmafia] 18/4/2022 13:20

#MCM - MC MINING - You should almost certainly be taking a look at this with sales at 142k tonnes per year at $65 profit a tonne gives $9.3 million Profit Per Year with such a small mcap of just 19 million!https://docs.google.com/document/d/1Ms6Szh1QV3ywrZ96dUg78R1cDjvytd0a27rITVdeQVQ/editTelegram Grouphttps://t.me/+q3g5WKG6H-MyMjBkMc Mining. Massively under the radar. Met Coal Producer. Should at least be on peoples watch list.!