Member Info for Joewilliam

The trading update said that earnings would be above consensus, so we're likely to see a gain in the SP just off that.

Then there's Spirit, and general plans for the cash since I think there is around 4bn. But we should have some clarity in terms of how much will go where, debt is going to be expensive to retire ahead of maturity so it would be nice if we could make a small acquisition as well to put some of that cash to better use maybe. Agreement with GMB would also be handy.

Good news will trickle in over the year in any case, and we'll have our £1 sp in the next 12 months.

The interesting part will be the business solutions segment over the next few years. At this SP its easily a doublebagger or more without it, but we could see a lofty multiple put on Centrica if this segment starts showing some good numbers.

Hopefully we'll have some sort of indication where they are with the sale on the 25th.

The Committee meeting on the 2nd should clear up a lot of things. Centrica really hasn't defended itself yet, so it will be interesting to hear their responses. Since we've sorta had a one sided narrative from GMB so far.

I'd agree that it has been very poorly run company, but O'Shea is actually remedying a lot of the issues. Imo fire and rehire is wrong, but Centrica's use of it is difficult to assess because we don't know the full story about negotiations before the fire & rehire was put on the table. Each side also says complete opposite things in terms of the T&C's, so it would be nice to them side by side.

Hi Clark, haven't received anything so far this year, it might be worthwhile to check with M&B investor relations to see if they're still doing it.

It differs between broker, HL do it automatically but AJ Bell requires you to actively email the secretary at M&B and prove your holding.

RM was wildly undervalued, and still is undervalued. With agreement with the CWU, they can move forward; providing there's no hiccups.

RM and GLS are going to be big players in their respective markets for years to come.

It'll probably be a gradual climb as Centrica is extremely unloved by the market, but I'm confident we'll be back into the FTSE 100 by next year.

I sold out as soon as they pretty much said they would raise cash, I never expected they would rise more than 20% from then. I'm guessing its positive sentiment off the back of vaccine progress, but I think we're far still quite far off lifting every restriction entirely.

In the trading update on the 7th they stated they had voted to raise cash via selling new shares, this is going to dilute existing holders and the extent depends on how much cash they decide to raise.

Imo the company won't have any trouble raising cash, and will be fine in the long term. It's just a case of how much that costs the shareholders.

I agree sub 200p is coming along with that announcement.

If the equity raise isn't big enough either, I foresee cash flow problems down the line. Especially if we don't have some semblance of normality by June.

Seems to be defying gravity at the moment. Considering the company will effectively run out of cash on 15th March I would have expected a trend lower.

They're committed to selling the assets, and from an ESG perspective it'll be more beneficial for the SP going forward.

Even at a $2bn valuation, Centrica would only net around £1bn in proceeds unfortunately.

Where is the info for the additional strike this month and feb?

NRG announcement https://www.nrg.com/about/newsroom/2021/39186.html

It will be in proportion to earnings once we're out of this period of uncertainty, there is a formula for it in one of the announcements so that any dividend is more sustainable going forward.

There is the possibility that they'll even elect to pay a special dividend with the proceeds of the sale. Depends on how much management agrees with the trustees to pay into the pension scheme, amount of debt they decide to retire, capital expenditure projects, and any potential acquisitions they have in mind.

I think a dividend or share buyback could happen after all the above. I'd prefer an acquisition of a company or an expansion of our activities that enhances our capabilities in helping customers transition to a low carbon future. The company is probably best positioned for that route at the moment.

Sale goes through, stability/growth in core business, sale of spirit & nuclear. Then its £1+ imo over next few years

It seems its still good enough for them to legally be able to strike but yeah Centrica's SP doesn't seem too stressed about it at the moment. Centrica might give an update tomorrow or at some point to let us know how many from GMB have accepted their new terms, so maybe less disruption to services.