Member Info for RWP53

The share that keeps on giving ??

Is there bad news this week as the shares are going down? Any ideas anyone?

Actually a contractual award but the comment from LinkedIn is still relevant. Any views anyone?

O’Shea bought millions of shares today I believe, what does he know that nobody else does https://www.linkedin.com/posts/chris-fisher007_centrica-to-sell-peterborough-site-activity-6807580107046232064-fuj8

Disgruntled shareholders who have watched an incompetent BOD destroy a company and reduce the share price from £4 to 28p. Oh and still be paid millions

Oops read half wits not half waits??

Gentlemen , I don’t know where you get your info from or ideas about the power market.
Centrica own 20% of British Energy with 80% at EDF this results in less revenue. Dungeness was a base load plant and does not two shift which generally is the market for gas power stations. This is bad news and will result in no sale of these asserts.
As far as less generation equals higher power prices remember the half waits at Centrica sold or retired several gig watts of flexible plant so they will see no benefit from this at all.
The hedge they had against rising power prices was their own generation assets but no more.

Excuse my ignorance but how is this good for Centrica? They only have nuclear generation assets and they have just lost a high revenue asset and ultimately a lower sale value!

A further 18 billion cubic feet of gas is now expected to be
extracted from the field, which has already produced 45 billion
cubic feet of gas over the past eight years, Spirit said.

You appear to have knowledge on this to have that opinion. Wouldn’t the extra revenue pay for the decommissioning costs at the very least so surely a win?

Big announcement about Spirit Energy today and the share price does nothing. This board of directors are woeful. The market has no faith in them.

When you look at what OVO Energy paid for SSE customers in a fire sale; £500 million for 3.2 million customers. The market cap for Centrica is £3.4 billion. Can anyone on here work out future value? Hydrogen storage at the Rough field could be a gold mine and Spirit assets do have value and who knows about the Nuclear asserts but as coal plant stops generating and there is not the volume of green generation to replace it the Nuclear stations will make a lot of money. This company has been a disaster but I’m told data and customers a the saviours. Any ideas anyone?

The company can’t win here really at this time, good results and a dividend would result in bad press and politicians nailing them! Just as well do all the dirty work now and take the hit whilst some trouble expected

Ok I assumed he was there early 2017, let’s wait and see if he can pull off the Rough field as a H2 gold mine, if he does that with a subsidy then that’s a big achievement

Incredible hypocrisy and denial, O’Shea writes if he was writing the business plan it would not be as the company is now. Well thank goodness for that but I’m pretty sure he was part of Conn’s team that made the decisions that left the company as it is. ‘We are not an Orsted he mentions..... NO your not but you could have been better placed with heavily subsidised wind farms, flexible CCGT’s closed far too early or sold for ridiculously low sums. CCGT’s are now making millions covering shortfalls in the system!!!! A perfect example of the ‘Peter principle’ The Rough storage field could be a life saver but it’s not the only one in the mix. Centrica have tried fir subsidies on this field before and no surprise they got sweet nothing. This company could thrive but the board needs to be replaced.

Well said, the destruction of this company has come from the top. Woeful management

I agree and it’s unfortunate because with the correct leadership this share is worth closer to £2. If you compare the customer base and price paid by OVO for SSE customers, take or pay LNG gas contacts and potential Hydrogen manufacture and storage at the Rough Field and the list goes on. I think 0’Shea wants to sell and so do the board and they can get out with bonuses based on the current share price and get rid of the most unfairly over regulated and scrutinised leper of a company. It’s a shame because in a couple to 3 years there would be a lot of value here.

I believe Centrica could be worth far far more, they have the benefit of a large market share and so much data. They could lead in H2 manufacture and storage. They have a leader now who will just cut and cut but you have to leave a core of staff who are onboard, that staff has to be the face of the company who will go the extra mile for stakeholders. The government started the decline of this company and the directors inability to respond could not prevent it because they kept their hands in the Cooke jar. Once O’Shea completes his cuts get rid of him and get a good Chief Executive, that and the good fortune of having some assets critical to the green revolution and large customer base could mean Centrica could soar. Just my opinion

To borrow a quote:
If you look after your staff they look after your customers. It’s that simple!!!!
A good idea when you are a customer facing company don’t you think unfortunately it’s Centrica management that are simple with management tactics from the 1950’s

Haha learn to accept change!!! I have been a change manager in Utilities fir many years and I have done due diligence on Centrica assets and it’s comical and embarrassing, when their philosophy is sell at all costs it’s easy.
Centrica management need to change the whole lot of them. The price sensitivity you speak of is not a factor when the service is rubbish which it is from the call centres and IT and over promoted so called leaders . Centrica is customer facing and the technical staff are very good. If you think I’m stuck in the past that’s fine the companies I worked for are booming and so could Centrica but once the assets are sold and the staff are no longer incentivised what then? Oh and Pimlico Plumbers, HomeServe and Worcester will hire most of the engineers I Suspect. Look back at what is successful it doesn’t change much. Have you ever wondered why no other companies ever fire and rehire? No thought not!!!!!!

Haha, I’m not a union member and the revenue controls how many shares an employee can buy. I would say that the trade Union movement thankfully have ordinary people a chance to have a fair standard of living. Go and ask O’Shea how much he pays for his life coach ffs. Another example of the Peter Principle.