Member Info for RWP53

Dear oh dear keyboard warriors. If they do go to other companies then so will the customers you half wit. O’Shea was one of Conn’s boys and he is paid millions and will happily sell the company for a £1.
Look at their record sold power stations for a loss to EPH who are now making millions from them, sold wind farms for a loss when the subsidy had grandfather rights. Bought crap IT systems, stuck with Nuclear assets when they could have been sold 5 years ago and what a great strategy sell Spirit may dog could figure that out. I hope you are losing thousands because you sound like a pair of particularly nasty individuals.

As a shareholder I am disappointed about how gullible, spiteful and jealous a lot of people are on here especially employees in non technical jobs within the company. Centrica reputation for good service to households is in my opinion second to none. I used to be in a senior engineering role on a large Power Station and know when I’m being blagged. I have had a service contract with BG for as long as I can remember and they have been exemplary, polite and nothing was too much trouble, I have policies on my elderly parents and disabled sisters homes too.
The only issues I have is when they send half trained, half witted contractors when their own staff are too busy, I know insist on no contractors visiting my properties and BG agreed immediately.
The Engineers/ Techs what ever you want to call them aren’t the problem, it’s the dim witted board formerly upheld by Ian ‘coco Conn who made disastrous decisions and only ever hire people who told him what he wanted to hear and got paid Millons.
These are technical customer facing roles that need staff who can not only repair lot but also ensure homeowners are satisfied and in my case they certainly do.
Reward the technical staff properly or lose them then when you have a problem call a contractor who will rip you off, probably won’t understand the issue or rubs his chin and puts the price up £200.
Centrica have realised through all the naive staff from IT and customer service etc that if they demonise all the Engineers and blame them for managements incompetence then they will get this cost saving through, then once the dust has settled the same IT and customer service people who took the additional benefits will then be regarded as over paid by some imaginary compare ratio and they will be redundant because anyone can do that.
Divide and conquer at its most obvious and envy and spite.
Look at SSE, RWE, EDF, etc all well paid and the staff have mutual respect and better performance. Centrica are wanting to be taken over O’Shea wants a quick job if you are a long term holder he most certainly isn’t the answer to get your money back

The Telegraph today suggests Centrica to store Hydrogen in the depleted Rough storage field. If that is successful then that is the golden ticket. They have the infrastructure to the beach then all Transco costs. There will be subsidies and links in with Humberside carbon capture project. In my opinion a game changer

When you compare OVO buying SSE 3.4 million customers for £500 million in what was a fire sale, what is the value ofCentrica’s 6.9 million customers plus Spirit and all the other business interests? Stuffed if I know surely this company is massively under valued?

That is SSE not SSS

If you think about it OVO paid SSS
£500 million for 3.2 million customers and Centrica has about 25 million plus all of the maintenance contracts and Hive. Then you have the industrial contracts and green investments then once the sales and cost cutting are complete the market should regain confidence in this share. Add a return to dividend payments and they tell me data is the new gold!!! Who knows this could be a steal at this price.

Surely under redundancy law they would default to a standard package and anyone in some of the pensions schemes would have immediate pension depending on age . Centrica are a terrible company I remember people like Simon Merryweather turning up at a meeting I was attending with his life coach and entourage trying to tell experienced engineers how to run a major outage. That was when the share price was £3.80 so his advice was invaluable!!!!! He will be destroying another company somewhere now. I believe the current management team has a remit to get the company ready for a takeover, cut and sell everything start paying a dividend and sell to a company who want an immediate customer base. I saw this strategy of cut and streamline before when National Power was split to maximise the share price and attract buyers. International Power and Innogy were both taken over with a very healthy uplift. Watch this space.

Surely this is in the early days of a turn around. Debt reduction, 50 million of cost cutting, dividend costs saving, healthy asset sales, smaller suppliers going out of business because they have to pay their green taxes. Once the industrial relations issues are resolved and a hint of a dividend then in my opinion this share will slowly increase to well in excess of £1 per share then onwards and upwards hopefully

The last share buybacks were disastrous surely pay down more debt? I would say no dividend next year either and look for growth and stability then pay a dividend

!!!!ouch

???? ouch

Anyone have any idea what this company has saved not paying a dividend and its help in reducing debt alongside the recent sale and additional cost cutting?

Correct

That’s Direct energy not Spirit

Gasman, how do you know the Spirit sale is close? I thought the sale had been postponed until oil prices had recovered some of their losses!

As a former grid control engineer I totally agree

I can’t see the closures happening that early, there won’t be enough generation now let alone with another 6 gig off the bars. Unless it is unsafe to do so they will continue to generate. Base load non carbon generation will continue until new nuclear replaces it

I can’t see the closures happening that early, there won’t be enough generation now let alone with another 6 gig off the bars. Unless it is unsafe to do so they will continue to generate. Base load non carbon generation will continue until new nuclear replaces it

https://www.thetimes.co.uk/article/nuclear-closures-pose-power-puzzle-d6bnnnrcs

We had a loony in charge and destroyed the company. BP have a Looney in charge £17 billion write down, halve the dividend and shares go up.!???????