Member Info for RWP53

I agree it can happen but surely not with a company making £1.5 billion profit from a very poor management team. A new team at the top and improved performance will surely follow. This is a company that requires a new image and probably breaking up into streamlined stand alone companies to realise their value. I have held senior positions in the electricity industry for 30 years and I have never seen such poor management and retired because of it. There is real value here it just needs to be realised by a new BOD’s

With all the negatives Centrica still made £1.5 billion profit last year did they not, actually up 12%. Would any other company see a 75% drop in share price with such an enormous dividend? Answers on a postcard please

Good article in the The Times today about Shell and it’s future after buying First Utility. Centrica get a mention too, I just wonder after the disposal of the nuclear assets could Centrica be attractive to BP???

Anyone on here have any idea of the value of Spirit Energy should it be spun off?

Terrible news about the jobs at Swindon today but never any reporting about the thousands of Utility workers losing their jobs because of moronic government policies like price caps, smart meters, subsidies etc etc. This has happened to other utilities too, selective reporting!

Sold off* apologies for that

What can one say, more bad news from Spirit Energy, a downgrade from Jeffries and Conn hires a new Chairman from his old club, this looks like the Text book old boys club. These idiots need to be removed immediately and the company broken up and fold off to restore shareholder value. To do this the first step is sacking the board. Come on shareholders start a revolt before a £1 per share is hit.

That’s not what I said is it? Dear oh dear!!!

I am just stating my opinion, you appear to be looking for an argument. Carillon weren't making £800 million profit from the most difficult market t I have ever seen and they were working to fresh air contracts. The government would love to see Centrica gone but then where will the billions come from in investment in the market To completely different companies. Enjoy your day

I remember deutsche bank writing off npower then 48 hours later RWE buying announcing a take over! So yep depends which one!!!!! I’m going to buy again you do what you want

We all have our opinion, some can afford to follow their gut feeling, I did the same when national power split into two and made a small fortune. Everyone told me I was wrong then too. Just because some city trader has an itch doesn’t mean the lemmings all follow. Let’s see in 12 months

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.

I should also add that this company can be very successful again but not with the current management team. Once they stand aside and bog cleansing starts a rapid recovery would ensue

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.

Well said POD

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.

Well that’s the first, the start of a cull I would suggest. Night of the long knives on its way and not before time.

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