Centrica Share Discussion Threads

[nortic 007] 16/6/2019 08:31

Mon plaisir

[waldron] 16/6/2019 08:08

CHEERS

Nortic 007
16 Jun '19 - 05:53 - 19612 of 19612
0 0 0
French electric car charge



France’s Engie in electric car charge
Rachel Millard

June 16 2019, 12:01am, The Sunday Times


The GeniePoint network has 900 public and workplace charging points


French utility giant Engie has bought the electric vehicle charging network ChargePoint Services (CPS), marking a significant push into the growing market.

London-based CPS owns the GeniePoint network, which has 900 public and workplace charging points with about 20,000 registered drivers. The deal brings a big upgrade to Engie’s network, which had 100 UK charging points and 75,000 worldwide. The purchase is thought to be worth up to £20m based on CPS’s size.

Utilities, as well as oil and gas players, are increasingly interested in electric car charging as countries try to cut carbon emissions.

Engie was rebranded from GDF Suez in 2015 as it adapted to a global shift towards renewable sources of energy and electrification.

[nortic 007] 16/6/2019 05:53

French electric car chargehttp://www.thetimes.co.uk/article/74ba59ae-8f94-11e9-9b18-a1967b748a67

[turvart] 16/6/2019 00:10

I am very confident that the takeover bid will come from Shell Energy.

[nortic 007] 16/6/2019 00:04

What you (DD) must realise is the market is not an exact science..... if so then we'd all would have retired by now !!!

[nortic 007] 15/6/2019 22:24

You're silence speaks volumes my friend.So you have nothing to offer Diko ?Now go and write something meaningless and go uptick yourself!!You've both been rumbled!!! :)

[discodave4] 15/6/2019 20:53

Wasn't he calling this down to 48p not so long ago!.

[mroalan] 15/6/2019 20:29

.Turv,it appears you are the only bull left standing,but corn beef beckons,a take over indeed,you are now in the realms of fantasy island.

[turvart] 15/6/2019 16:06

This share price is a pure shake out of small and weak investment of which will regret this till they day they die. Live on this day and die on this day, this is getting taken over by Shell.

[turvart] 15/6/2019 15:59

Answer me a very good question have you seen the Shell Energy adverts on TV? If your answer is no then your a very lazy investor.

[turvart] 15/6/2019 15:51

Have you seen the Shell Energy adverts on TV? This CNA is a takeover bid.

[turvart] 15/6/2019 15:47

Seriously I’m buying Monday! This is getting taken over.

[turvart] 15/6/2019 15:45

I’m buying into this Monday it’s got Shell energy write all over it, CNA is finished but Shell Energy is not.

[turvart] 15/6/2019 15:11

Don't fall for the redneck posts they follow me everywhere because I'm 12 months ahead in the market.

[discodave4] 15/6/2019 14:41

Stevie Award for Direct Energy: Https://youtu.be/vqDBAL0M_ZA

[turvart] 15/6/2019 14:10

I see my redneck followers are following me into CNA from my Rio thread, they'll be singing cotton eye joe next. 😂

[nortic 007] 15/6/2019 14:05

Dave and Diku please rest now. All that logging in and out must be taking it's toll.Highly amusing my friends :)

[turvart] 15/6/2019 13:47

FFS it's broken the 93p support! This IMO is being taken down for a reason to shake out small shareholders and I can see a takeover bid.

[discodave4] 15/6/2019 13:44

ps Ofgem and the rest have to forecast what the cost of capital / Debt is likely to be in the future (5+ years) so they are never going to get it bang on, the CA are using historical data to identify their forecasts weren't always spot on........errr hello glass ball!.

[sarkasm] 15/6/2019 13:35

13 May 2019

Centrica plc ('the Company')

Full year guidance on operating cash flow and net debt maintained

Centrica's operational performance has been largely in line with the Company's expectations in the first four months of 2019. However, the trading environment has been challenging due to a specific set of external factors, with the expected negative impact from the UK default tariff cap (including the one-off GBP70m impact in the first quarter), warmer than normal weather and falling UK natural gas prices. We also experienced extensions to outages at the non-operated Dungeness B and Hunterston B nuclear power stations.

In response, Centrica continues to focus on those things it can control, including improving customer service and propositions, margin capture, driving cost programmes hard and maintaining financial discipline. In the year to date, the Company has made further good progress on cost efficiency delivery, continued to tightly control capital expenditure and completed the sale of the non-core Clockwork Home Services business in North America for $300m (GBP230m).

While a number of the factors leading to the challenging trading environment are temporary in nature, they will impact financial performance in the first half of 2019 and have also put some further pressure on the outlook for the full year. However, with cost efficiency delivery expected to accelerate in the second half of the year and a continued focus on capital discipline, Centrica is maintaining its full-year guidance on operating cash flow and net debt and continues to expect to achieve its 2019 Group targets of:

-- Adjusted operating cash flow in the GBP1.8-GBP2.0bn range.

-- In-year efficiency delivery of GBP250m.

-- Like-for-like headcount reduction of 1,500-2,000.

-- Group capital investment of around GBP1.0bn.

-- GBP500m of non-core divestments.

-- Net debt within the GBP3.0-GBP3.5bn range.

2019 financial performance remains subject to the usual variables of weather patterns, commodity prices and operational and commercial performance in the balance of the year.

Centrica is due to release its 2019 Interim Results on 30 July 2019. By this time, the Company will have additional clarity on the commodity price environment, UK energy supply market dynamics under the default tariff cap, the planned disposal of its interest in nuclear, the performance of the nuclear fleet and the outcome of its pensions triennial review. It will also have completed an assessment of future performance under a range of scenarios. Accordingly, alongside the Interim Results the Company will present a strategic update which will include reflections on the current business portfolio, updated future expectations for the customer-facing divisions and an update to the Group's financial framework.

Iain Conn, Centrica Group Chief Executive

"Although operational performance has been largely in line with our plans, external factors have presented challenges for Centrica during the first four months of 2019, in the form of the default tariff cap, warm weather, and falling gas prices. We have also experienced extensions to nuclear outages. However, we continue to focus on those things we can control and as a result we expect to achieve our 2019 cash flow and net debt targets, while we are making further progress on cost efficiency delivery and on demonstrating margin capture capability. We intend to provide a strategic update regarding our portfolio and prospects at the time of our Interim Results in July."

Operational performance update

-- Improved net promoter scores in Centrica Consumer and Centrica Business.

-- Total Centrica Consumer customer accounts down by 20,000 over the first four months of the year, with growth in North America, Ireland and Connected Home mostly offsetting a reduction of 234,000 customer accounts in UK Home energy supply. This includes the impact of a spike in customer churn in March and April following the announcement of a significant increase in the level of the default tariff cap. However, the number of customer accounts exposed to the new UK default tariff cap remained broadly flat over the period.

-- Relative to a strong first quarter of 2018, North America Business wholesale gas optimisation performance negatively impacted by warm weather in the first quarter. Power net margin delivered or under contract for 2019 higher than at the same point last year.

-- Distributed Energy & Power committed forward order book up 58% over the past 12 months. Gross revenue for the first four months of the year up 54%.

-- Connected Home gross revenue up 70% for the four months to the end of April compared to the same period in 2018.

-- E&P production from Spirit Energy and Rough slightly ahead of expectations in the first four months of the year. Drilling commenced on the Hurricane Energy-operated Warwick Deep well, the first in the three-well programme in the Greater Warwick Area.

-- Annualised efficiencies of GBP58m delivered to the end of April. On track to deliver GBP250m of efficiencies in 2019 with benefits expected to be weighted towards the second half of the year.

[discodave4] 15/6/2019 13:33

Hi maywillow,Saw that in the news a few weeks ago and from memory Ofgem (and other utility regulators) dismissed the methodology they had used to come up with their numbers. So basically, no impact IMO, if the regulator is challenged you will usually find that they are highly unlikely to accept that they themselves have got it wrong, not materially anyway.