Member Info for jedclampit

gasman, thanks for info.
So will boiler manufactures be bringing out some sort of electric boilers that can use all the current pumps and rads etc or will we be moving to electric storage heaters and do away with all those pipes which was my thinking.

When I had a new boiler system put in a little while ago the gas engineer did his bit then they brought in an electrician to finish the electrics, but when the new all electric heaters come in they won't need gas engineers will they. Unless many of the current gas engineers re-train to become electricians. Or have I got that wrong.?

Why pay off these loans too early with extra shares etc when they can pay some off / down from free cash as they are doing, they now have strong cash revenue generation and all seems to be woking well so lets just see what happens in the next few months.
The business seems to be performing very well now it's only a question of time for the sp to go well up or some sort of bid for £1.20-£1.50.

As time goes on and we move more and more to electric heating we won't need engineers we will need more electricians ,
dont' the strikers feel like they are shooting themselves in the foot.
Centrica might as well start employing electricians now to take the places of the gas engineers.

Saga PLC is in discussion with potential providers about a GBP170 million debt package, Sky News reported on Sunday, as travel and insurance group seeks to chart a course through the remainder of the coronavirus pandemic.
The Kent-based company, focused on serving the needs of those aged 50 and over, has approached a group of debt funds about refinancing part of its existing borrowings. The move came after the talks with existing lenders were some way from being concluded, according to insiders cited by Sky News, and may not result in a deal.
If they don't get a new debt deal will they need to raise more money?

Unfortunately that sort of talk from the boss that is just the talk the city want to hear, and by the sounds of things he has no intention to give an inch to the unions and strikers change his plan.
It's better to have short term pain for long term gain and a better / higher SP .

Who says all their customers are leaving?
Didn't they just take on another 112,000 customers with robin hood energy, and maybe they had more gas engineers that came with it.
Also do you not think it could be the Unions that are killing the company and stopping it from making changes to improvements, and making it profitable again. Just a thought.

After being in here for 8-10 years I would be happy for anything over £1.20, but I bet the bod's are on some sort of incentive bonus if they manage to sell pfd this year. I would be interesting to see any incentive plan.

Remember they also paid back approx £90m of debt in the half year results, so interest payments will be coming right down.

I wonder if the bod's are on a big cash bonus if they can sell pfd for more than £1.20 a share within the year, because they seem to be busting a jut to bring down debt well before time and increase sales and profit.
Now all these add up to a possible takeover target with very little debt and growing sales and profits.
Just wondered. !!!!!!!!!

It's more great news, it's always nice to pay back loans due but to pay them back 1 year before they are due is very good.
It also says in the rns that current sales are good . Now let's see that sp go over £1.

Look we have all done it, we know the results are coming up very soon so we think do we buy in now and if the results are good the sp will go up a lot and bob's your uncle we make money. But then the rns comes out with great results and sod's law the sp goes down and you think why did I do that . !!!!!

Yes seems very weak at the moment they must be holding it back for some reason, I would have thought that with debt about to come way down and more cost savings and now with price rises this would be up to 60p no trouble. But what do we know ?

Thank you for that info, in it you will see the section I have high-lighted below.
Ofgem’s price increase also includes a £23 hike to help suppliers such as British Gas claim back the cash they have missed because of unpaid bills during the coronavirus pandemic. It said the allowance would help energy suppliers to offer payment plans or emergency financial help to protect their customers – especially those in vulnerable circumstances.
This makes me laugh because it looks like they are getting short of cash flow etc, but what is really funny is I am a BG customer and they have / are now moving to take/ collect bills on a 6 month basis instead of qrtly. So how can they be short of money if they want to wait an extra 3 months for their money. Very strange.

We are pleased to announce that our banking syndicate has provided waivers in respect of anticipated covenant breaches through until 28 February 2021 taking account of the Company's cash flow projections,
subject to certain conditions.
We remain in constructive discussions with our banks, and have agreed a process to continue to explore a range of potential solutions, with scope for further extensions to the waivers as this process continues.
So what are these potential solutions that are needed. Raise more money ?
I don't think anything is going to happen to the sp until we here in 2 weeks. Then it will be up a lot or down a lot with rights.
and that's why this sp is being held at the current level !!!! So still a big gamble.

It looks like it has been his plan for the last few years, he bought over 2m shares in Dec 2019 at 55p so he must be happy to buy more at this priceThe biggest set back he for the pi's is the big spread, although I guess it does stop day traders.

So what's going on here
Guernsey Investments Limited with 11.45%
Cambridge House
Le Truchot
St Peters Port
Guernsey
Channel Islands

Douglas Charles Antony Bramall 20.14%

Guernsey Investments Limited
BBH ISL Nominees Limited
Ferlim Nominees Limited
M Foody
are we counting these twice or what.

Yes i know about 6 times buys vs sells and that's why I asked, are they holding it back.

Dinen, heres a question for you,
Do you get your supplies from BG because you get a diascount on your gas & electric or someone else?

Why hasn't this sp gone up more when the ftse has gone up some 175points today ?
is someone waiting for the rights?