Member Info for jedclampit

Following the results yesterday I wonder when we will get some broker price up-dates.
all of the bad news is out and there are some good plans going forward so sp should start to build to 70p now.

( office staff are striking to support us and to stick two fingers up to Chris O’Shea who had in 3 months brought on the the biggest dispute in 40+ years at British Gas. )
I bet most of the office staff earn nowhere near what the engineers do and I bet they will all be very suprised to find out. Don't come on here making out it's all staff supporting you it's not.Just another case of you thinking your more important than you are. So we shareholders are having to fore go any divi's to save your jobs. !!!!!!!!

So now we are getting more like the truth coming from the engineers, £3.5k a month take home pay after 40% tax and NI etc.
About £42k a year after taxes , you really are hard up. If you think you will earn that much after tax working for yourself it's no wonder you are not leaving BG. I think they should fire n re-hire all new staff at lower costs.

I hold both these stocks and if I see some good points I will make some comments on them regardless of what you think.
I think both of these needs ramping , saga to £7 and cna to £1.

Profit takers now, so is it going back to £2.30?

Most of these results are for year ending dec 31st and as we all know most of the strikes have taken place from Jan -Feb so they wouldn't be in there would they.
But I guess that if you had your way Centrica should shut down completely until they gave in to the strikers demands, in which case they wouldn't make any profits and go bust or be taken overby some else and then all the engineers would lose all their jobs. Is that what you want?

Centrica will host a conference call for institutional investors and analysts at 10.30am GMT on 25 February 2021.

Good or Bad? sp up or down?

Come on what did you expect ?
They have / are doing what's needed and making a plan for this year and next. If you thought everything was going to be coming up roses then you haven't been following .
Sales are down byt we all knew that because covid etc, debt is down and coming down more, losses are down against last year, and they have a plan to move forward, and divi was never going to happen this year like many/ most othjer companies. what more do you want

Yes your probably right but maybe centrica will become a nominated installer.

There was never going to be any divi this year, it's all about the plan to move forward and pay down debt. But in the plan they do talk about putting in thousands of EV charging points into homes this year ready for the electric cars, now that could bring in millions as it costs a good few hundred pounds each and by announcing this now it shows they are trying to beat any competitors . Good move.
Once this info is taken in the sp should start to move up to 70p -80p over the next few months. I hope.

So as expected some good points, sales down, loss down, running costs down, some long term notes ( debt) being paid down.
what more do you want.

?Total Group free cash flow up 10% to £1,061m and net debt down £0.4bn to £2.8bn, reflecting a tight focus on cash expenditure and prompt and prudent actions taken in response to Covid-19.

From continuing operations, statutory operating loss of £362m (2019: £783m loss), statutory EPS loss of 4.7p (2019: 16.8p loss), statutory net cash flow from operating activities down 1% to £957m.
All of the above resulted in a £633m increase in cash and cash equivalents over the year, and when also including non-cash movements and exchange adjustments, net debt reduced by £412m to £2,769m, including cash collateral posted or received in support of wholesale energy procurement.
25 February 2021 Centrica plc ("Centrica") today gave notice to holders of the outstanding Notes of the exercise of its call option to redeem all of the outstanding Notes on 12 April 2021 (the "Redemption Date"), being the first business day following 10 April 2021 (the "First Call Date"), at their principal amount together with any accrued and unpaid interest up to (but excluding) the First Call Date and any outstanding Arrears of Interest.

Centrica has requested the UK Financial Conduct Authority (the "FCA") to cancel the listing of all outstanding Notes on the Redemption Date pursuant to LR 5.2.8 of the FCA Listing Rules.

There are no plans to replace the Notes by raising new hybrid capital. Following the successful completion of the sale of Direct Energy, Centrica has significantly lower net debt and the redemption of the Notes helps to simplify its capital structure.

The £450,000,000 Subordinated Resettable Fixed Rate Notes due 2075 ISIN XS1216019585 (the "GBP Notes") will remain part of Centrica's capital structure. Centrica understands Standard and Poor's and Moody's will continue to assign 50 per cent equity content to the GBP Notes.

Your forever trying to find negatives.
We all know that everyone loves Mr.Kiplin cakes simple because they are full of sugar and that what we want and why they sell so many. Kids need sugar for energy as long as they only eat no more than 2-3 a day and that's why the world is built around sugar. Stop moaning and start eating more sugar.

On Thursday and I think they will be very good with good profits an announcement to pay off £2b of debt in this years numbers , possible sale of more assets and broker re-rating to 80p+ and that will set us up for a good weekend.

Goodness keep going I might even get my £7 break even point later this year.

42p today, sorry 92p. but £1.42- £1.92 in a few months.
We all know that we will still be in lockdown in March and that's the last month for the year for pfd and the way things/ sales are going it should be a bumper year end number with great increased profits, and that should allow pfd to pay down even more debt. OK the next 6 months may not be at the same level but many people who have bought pfd products and liked them will carry on buying them regardless of no lockdown. The more pfd can capitalize on these current sales then the more our debt level will be lower next year and with a divi on the line for 2021 things couldn't look any better. we just need that sp to rocket now.

"Looking to the remainder of the year, out of home eating is likely to remain heavily restricted and we therefore expect to see continued high levels of consumer demand for our products. With more brand investment to come, we now expect Trading profit to be in the range of £145-£150m this year and Net debt/EBITDA5 to fall below 2.0x by the year end."
So it looks like pfd could be right for year end March.
Someone is really at risk if they think 42p is back on the cards and waiting to buy back in. More like £1.42p

British Gas buys 2,000 electric vans in one of the biggest such up-grades by a uk company.
British Gas runs the uk's third biggest van fleet and after the buys will have 3,000 electric vans out of 12,000 strong fleet.

Now we are starting to move, So what can we expect by year end. my ave is still £7 can we hit that or not?

No one can tel you that it's down to you, but we are so close to results on Thursday and all the signs say the results are going to to be good even the company.
But like always there will be things in the results that will have a good or bad effect on the sp, you know like the rest of us that if you sell now the sp will go up after the results and if you hold now the sp will go down after the results, it's sod's law.
But if you have been in here for a while and you bought them because you thought they were going higher soon then hold if not sell and might even be able to buy back in cheaper, Toss a coin. !!!!!