Centrica Share Discussion Threads

[hifc231] 18/4/2019 12:31

Hi DD..... Question for all on here more knowledgeable then me. I believe the Conn Mans strategy is to sell the Nuclear side (1.5-2 Billion Pounds, is currently up for sale). If they succeeded in selling this and got say 1.5 Billion and reduced the debt with that to about 1.8 billion (based on the 3.3 quoted somewhere on here), would the loss of revenue from the Nuclear side (if any) be equal to the loan repayments (i.e neutral) or will this affect the bottom line (e.g the profit is less then the repayments from that particular division)................ I ask this based on this Spirit Energy subject as it appear to me, Conn Man is hoping to sell off the Nuclear side, use that to reduce debt, but is holding out on reducing the dividend in hope of selling the Nuclear side in order to maintain the Dividend in future as the company would have reduced debt = more cash flow...... thoughts ?

[raybald] 18/4/2019 12:10

Sorry... posted incorrect figures above (different share lol) now edited...

[bennodean] 18/4/2019 12:07

Is Portside still winning ?

[raybald] 18/4/2019 12:07

Current broker notes...

Strong buy 0
Buy 1
Hold 10
Sell 2
Strong sell 1

[raybald] 18/4/2019 12:04

So when I looked last week CNA was 4% short on IG... it’s now 9% short.

That’s only one provider, of course, but in the past I’ve found IG to be a pretty good weather vane...

[n73] 18/4/2019 11:32

It looks like we are diving towards sub-hundred very soon.

[nortic 007] 18/4/2019 11:24

Well DD I'm off for another round of golf. I've just contacted ADVFN and if I were you I'd start deleting all your posts to many individuals on all threads over the years and especially to me. No offence but just thought I'd give you the heads up so it might be worth reading this.All the best and a happy Easter to you

[mercer95] 18/4/2019 10:20

I need to get out more, I only realised tomorrow is a bank holiday when the market went into early auction mode at 10 am.Enjoy the break all.

[discodave4] 18/4/2019 10:07

Joe!Nope. Will keep posting, not going to be driven off by a couple of low life saddos. Fair enough they thumbs down every single post on here, but to set up posting alerts so they can stalk and thumbs down every single post I make elsewhere is beyond the pale, very sad individuals.No offence but my handle has sweet fa to do with dancing.All the best.

[nortic 007] 18/4/2019 10:06

Typo ADVFN

[nortic 007] 18/4/2019 10:06

I feel the same Mercer

[nortic 007] 18/4/2019 10:01

You better start deleting all your texts in SPD my friend and just for your information Mr Chambers knows me because I've met him on many occasions as he was a visitor to Winterfloods on many occasions!!!I was one of only 4 MM in ADFNGood luck with that fella!!

[mercer95] 18/4/2019 09:59

DiscoDave 🕺 take a break from the dance floor, it’s only a traders message board not a popularity contest, all that matters is the share price

[discodave4] 18/4/2019 09:48

Hi W1ndSo correct my post, you always post one liners but never support what you say, no offence intended.106 support collapsed....in free fall by the looks of it and let's see if £1 provides anything.All the best

[silvergreyhead] 18/4/2019 09:36

What was Conn paid last year around 1.7 apparently didn't take his bonus. Average CEO of a FTSE100 Co in 2017-8 was 5.7 obviously skewed with the better companies paying more but the low to mid range was 3.9 mill. Pay peanuts you get monkeys, called Conn, maybe they should break the bank and go and get a top man in, believe Carney is looking for a job soon

[careful] 18/4/2019 09:34

You have to stick with Conn and his strategy.
He will be running this company as well as he can to turn things around.

I am not bothered about his renumeration package.
Below £2m this year.
Hedge fund guys getting £20m and mere football managers getting £10m puts that in perspective.
Gas fitters get well paid, but they are just not as important individually as the CEO.

He is very important, the decisions and strategy he adopts affects the outcome of our investment.

[careful] 18/4/2019 09:26

That all seems sensible.
Apart from the dividend yield at 11.3%.

The share price in these markets is a random number +/- 50% error.
The play thing of the traders.
So many worthless profitless companies highly rated but never paying a dividend.
Other strong established companies beaten down by momentum traders.

The dividend yield as a % of turnover is unchanged.
The dividend yield against the old share price of £4 is 3%.

I know, that is history when profits were easier and the future looked steady.
Personally I do not give a damn about the dividend, it only gets taken off the share price on ex divi date.
Warren Buffetts Berkshire Hathaway never pays one.
Preserve the cash, reduce the dividend. that is sensible.

[mroalan] 18/4/2019 09:17

W1NDJAMMER18 Apr '19 - 08:15 - 17591 of 17603
0 3 0
"i would vote for Conn to stay, he needs to finish what he started
then be judged."

if he,s left to finish what he,s started,so where does that put the share price, say 50p? some folk you can,t learn.

[redtom1] 18/4/2019 09:09

Careful,

Sorry but yes, the dividend of 12p is far too big for CNA (11.3%).
Firstly its earning do not cover the dividend and earnings are forecast to fall over 2019 to 2021. This is a fact/forecast from Centrica, not me.
Secondly Centrica lowered their adjusted operating cash flow guidance to just £1.8bn-£2bn for 2019. Centrica has previously said it would commit to the 12p annual dividend as long as it could meet certain targets, including generating over £2.1bn of adjusted operating cash flow.
So neither cashflow forecasts not eps support 12p. It will be cut.
But a cut in the dividend is likely to a positive so I'm puzzled why people are arguing against it. The company has flagged that it is likely to cut (ie by stating that a prime criteria will be missed) and the City is calling for it. A new, more sustainable dividend will allow cash to be used elsewhere such as debt reduction.
Let's get the 8.4p divi paid and then have the May update where the company is likely to indicate that they are reviewing the level of the dividend moving forward.

[careful] 18/4/2019 08:38

We have to understand what is going on under the bonnet here.
With energy production, gas and electricity supply, services, nuclear involvement not to mention green subsidies and aggressive regulation, this is a huge complex operation.

Quite a lot of money passes through the tills with a £29.6bn turnover.
Free cash flow about £1.9bn.

many argue that the full annual dividend of 12p (costing £684m) will not be maintained.

Hard to say, it depends on many factors none of us can know, including the spotty faced traders in the City, but relative to the size of the whole operation the dividend is not huge.

[nortic 007] 18/4/2019 08:38

Anyway, moving on... let's hope for some blue for a change.GLA

[w1ndjammer] 18/4/2019 08:37

They have probably been counting all the companies that went bust, as switches

WJ.