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All valid points but I still think the company is around £3 per share. The board are buffoons and are regarded so throughout the industry. You weat a brown bag over your head if you say you work for Centrica at any meeting. That still doesn’t mean the value isn’t there for the investor buying in now and hoping the current board changes reflect the strategy required
In my opinion the nuclear assets will soon be sold and will add 30-40p to the current share price. Spirit will be seperated mid next year then what’s left will be a tech takeover target. Sad but realistically the only way large power utilities will survive with price caps and decreasing market share. Just my opinion having held a senior position in the power industry for 35 years I see no other way. This will add value and will face no regulatory hurdles
The company needs to be split and streamlined, the board are hoping for a takeover which may or may not happen to avoid the obvious. Fundamentally a company that should be a winner with reasonable profits even while being run by muppets. Hold on for a bumpy ride and the share price will recover, the directors are slowly being replaced but need dynamic replacements.
Gasman I also worked for Centrica for about 12 years due to a takeover. I’m afraid I cannot agree with you, I witnessed total incompetence, the destruction of large parts of the business and a total misunderstanding of heavy industry. They are infested with buffoons in senior positions who gained their positions through cronyism and an example of one incompetent hiring another one because he believes the rubbish and cannot challenge it. I had a senior role but thank goodness I don’t work for them now, I would only publicly admit to working for Centrica with a brown bag on my head to conceal the shame and embarrassment.
The market wants to see a dynamic addition to the board. They would have preferred Conn to leave but they wouldn’t want to lose him now Haythornwaite has jumped first. Once this happens I see the company bring split to realise it’s true value and potential.
Good article in the Economist about Shell and Total moving into the Utility business and it probably won’t be long before the others do to. Centrica is mentioned and is low value compared to these giants. After reading this I would suggest Centrica will be a takeover target sooner rather than later
You are very knowledgable Kellogg’s, what is your view on this article. I value your opinion https://finance.yahoo.com/news/centrica- business-model-sustainable-210000207.html
Depends where the actuary invests, gilts, equities, cash, age profiles etc The deficits are mostly due to Gordon Brown removing the tax credit for pension schemes and introducing new accounting rule FRS 17 I think it was, The working man and members of final Sslary schemes should be really grateful to that man!!!! Oh and he still had his pension.
Since March 2017 the deficit is likely to have reduced considerably with stick market gains and inflation protection devised by company trustee. Companies also assign a large asset as collateral to the pension fund. Humber power station used to be worth £400 million and was used as this until it was sold. I don’t know which asset they use now or whether the actuary has a different plan with recent investment growth. This share potentially is worth over £3 but will take at least 3 years or maybe a general election
I hope this isn’t accurate; http://www.thetimes.co.uk/article/8af53e5a-1411-11e8-84d1-462768cd1752 Surely time for the board to resign, the share price down from £4. Every employee would be sacked for this under performance
I still believe the company should be split that way parts of the business would thrive and gave no ridiculous price controls. Let the uk business run at 4% profit and issue shares in the new companies formed from a split and give value to shareholders. That would also rid the spectre of re-nationalisation threat.