SP / eggshead30 Oct 2020 08:12
( Think the Market is aware of that already and share continues to fall. Cannot see this news giving any dramatic uplift as you suggest to the share price. A Dog of a share at this stage.·)
No I don't think the market has built this in, This is what the said in the last results.
Accelerated focus on simplifying and modernising the Group, to become more sustainable.
· Agreement to sell Direct Energy to NRG Energy for $3.625bn (£2.85bn) further simplifies the Group, allows increased focus on core UK and Ireland activities and strengthens the Group's balance sheet.
So they had net debt of £2.85bn and when they get their money of £2.8bn from this sale they should have NO debt if they paid it all down but they won't will they , but they will /should pay a lot of it off. and then look at the numbers. SP should fly.
Significant restructure underway, putting the customer at the heart of everything we do and accelerating planned cost savings.
· Spirit Energy E&P divestment process to restart once commodity and financial markets have settled.