Centrica Share Discussion Threads

[nortic 007] 21/3/2019 17:51

I win big and lose big. Always sleep like a baby !!! :)

[nortic 007] 21/3/2019 17:47

I drifting share price is just a slow death....Hoping for better times !!

[nortic 007] 21/3/2019 17:45

Let's take our medicine and then things will improve. No point if your income being outstripped by capital loss. Kitchen sink job required.Being an ex jobber I know exactly how it works. It's painful but in the long run it works out for the better.

[nortic 007] 21/3/2019 17:40

I'll ignore the "absolute tosh"comment but I hope you are right because I have more skin in the game than anyone.Please get some manners my fellow holder. Remember we are in the same boat!!!!

[whatsup32] 21/3/2019 17:40

Maintain dividend and do a £400m share buy back ?

Sorry mate just don’t see it

[whatsup32] 21/3/2019 17:37

With the dividend doubts out of the way and substantial drop on announcement. Yes agree perfect time to Buy.

But then what do I know, I’m in Aviva at 478p now 424p

To be honest Nortic , I think we are both in good companies and I expect both will recover. I’m not losing any sleep nor should you

[the logician] 21/3/2019 17:36

absolute tosh. cash flow was very good last year. if they can achieve that they could maintain the dividend and do a £400m share buyback as well. we know cash flow will be a bit weaker this year. so they should maintain the dividend then start a £400m annual share buyback in a couple of years.

the only thing that needs to be cut is costs.

[nortic 007] 21/3/2019 17:09

I've never seen a price that tells such a clear story of how people are thinking but saying that I believe a cut will be good news in the long run. Maybe by then it won't be Conn that makes that decision!!!If they go substantially lower I'll top up to 300/- A fool and his money eh !!!

[whatsup32] 21/3/2019 16:59

Agreed dividend should have been cut

[nortic 007] 21/3/2019 16:48

Should have cut the dividend and the market knows it. I just don't think he's strong enough and he's shown week leadership and not made the tough decisions.Here's hoping things improve one day but nothing in the short term but let's see !!!Pleasant evening all

[masterblaster] 21/3/2019 16:44

Well at least SSE are showing signs of a shate price recovery so what about centrica?

[nortic 007] 21/3/2019 16:44

Groundhog Day again. As I and other posters have said before Mr Conn should have cut the dividend when he had the chance. Making mugs of the City won't go unpunished. Unless he has something up his sleeve (which he hasn't) I'm afraid £1 ( including XD)is a real reality here.I'd rather this happen because one last clear out would probably be the last and then it's a base for them to work from and slowly recover with a slightly but still healthy yield.

[portside1] 21/3/2019 08:30

in ever mall or centre I go in all over the country I SEE S/P SSE EDF OVA EON

NEVER SEE A BG TRYING TO GET CUSTOMERS , THAT IS WHY THEY ARE LOSING CUSTOMERS

BG SHOULD OPEN SHOPS THEY CAN GET VERY LOW RENTS ON THE HIGH STREET THEIR ARE THOUSANDS EMPTY

CONN AS NOT GOT A CLUE

[discodave4] 21/3/2019 07:44

Morning whatsup.No, here to make money.Posting up facts, nothing more.Have you managed to find that buy recommendation from fool yet?......I haven't.Good luck.

[discodave4] 20/3/2019 23:31

Logician"That was after paying down a chunky £1.7bn of debts"Thought it was £1.1bn which cost £143m, so not that much out of £1.6bn.Can you post up data to support your post or point me in the right direction please.

[discodave4] 20/3/2019 22:48

Just for you logician, extract from the Group Cash Flow Statement for year ending 31st Dec 2018:Net (decrease)/increase in cash and cash equivalents (1,613) Cash and cash equivalents including overdrafts at 1 January 2,737 Effect of foreign exchange rate changes 4 ---------------------------------------------------------- ----- ------- --------------- Cash and cash equivalents including overdrafts at 31 December 11(b) 1,128 Not aligned too well, but NET DECREASE IN CASH AND CASH EQUIVALENTS £1.6bn.CASH AND CASH EQUIVALENTS AT 31ST DEC £1.1bnSilly, yep.

[discodave4] 20/3/2019 22:41

As for moodys they stated the following: "However, the company also announced a series of measures that will significantly offset pressure on key credit metrics, including a GBP 750 million cost reduction programme to be achieved over the next three years and non-core asset sales of GBP 500 million in 2019, and signaled that the dividend could be reduced at the time of half-year results in July 2019, which would improve RCF in 2020.".........DIVIDEND COULD BE REDUCED."The stable outlook reflects Moody's expectation that metrics will strengthen from 2020"...........2020, not 2019"The rating could be downgraded if Centrica's FFO/net debt appeared likely to fall persistently below 40% or its RCF/net debt below around 30%. The rating could also be downgraded if the company adopted a financial policy that appeared to favour shareholders over creditors, or if asset sales reduced the scale and diversification of Centrica's business without a commensurate reduction in leverage"......says it all really.

[diku] 20/3/2019 22:38

Can they dispose of the Homecare side of the business...or is it too integrated...

[diku] 20/3/2019 22:36

Start cutting the fat at the top and work your way down...

[discodave4] 20/3/2019 22:35

"Silly" pmslThe numbers are in the cash flow statement.

[the logician] 20/3/2019 22:33

That was after paying down a chunky £1.7bn of debts, so your numbers are silly.

But yes, the margins are wafer thin. as another poster pointed out there is an awful lot of fat that can be trimmed.

[discodave4] 20/3/2019 22:13

Oh and it's not bombed out yet IMO.