Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thought 9.17 was a good price to buy and have bought a few last week. Seems the drift downwards has not stopped yet.
I suspect it must a fund reducing or shorts loading. However, given where the company is heading with $27m USD profit in the first quarter, it appears that they've turned around a corner compared to HSX which is yet to make a profit. Not just this share, but i think the specialist insurance sector is overdue a re-rate. Travel and hospitality shares have risen a lot and most of them are loss making and yet to make a profit. Also, this company is surely a M&A target.
That's correct. Here's the link to the article.
https://www.cnbc.com/2021/05/13/colonial-pipeline-paid-ransom-to-hackers-source-says.html
Looks undervalued and has taken a position.
https://www.worldoil.com/news/2021/4/16/historic-oil-glut-amassed-during-the-pandemic-is-almost-gone
We can all clearly see the traffic congestion picking up on the roads and many people now venturing out due to easing of restrictions in the last 1 week. I expect oil demand will increase in the months to come..
From the recent annual report i.e. for 2020 EPS is 6.5p, so considering that it's trading at a PE ratio of 8.6 times. However with reducing increasing revenues, operational costs and reduction in debt, EPS might go higher. Markets always look 10-12 months ahead while pricing a share. Also, with Spirit Energy sale goes through, it will retire a significant amount of debt, there reducing the interest charges.
Steady progress is better than steep rises. That said never say never. Anything is possible in these markets and this is one those shares in the market IMO that is very undervalued compared to others. Investors will come and invest as long as they see management taking the right decisions and protecting their wealth.
Just been reading through an article on fire and rehire from a prominent HR personnel and the guidance is as below.
Under Acas guidance there are a few ways an employer can change an employment contract:
if there’s a flexibility clause – a term that gives employers the right to make reasonable changes to some conditions of employment;
if the employee agrees to the change after a period of consultation; or
if employee representatives – for example, a trade union – agree to the change on their behalf.
Am i right in assuming that GMB and other unions have accepted the terms and conditions after lengthy negotiations on behalf of the employees only for them to change their mind towards the end. If that's the case there may not be much joy for people who are not signing. However, i am happy to get corrected, if i've got it wrong.
Pls. move on and find another job if you're not happy. You can make lots of money as well freelancing if you are suitably skilled and has good customer management skills than stick to Centrica and moan about it. Money is there to be made everywhere, its about life choices and how much responsibility and stress you wanted to take. The leadership team who makes tough decisions will always be under the cosh, but they were appointed by the shareholders to make things happen to drive the organisation forward.
The rise i think is because of the couple of news points 1) They can charge an extra £100 per customer from Apr 21, which will bring in a cool £600mn or more per year additional revenue assuming 6 million customers 2) Because of easing of headwinds in the fight with the unions
If spirit energy sale news comes that will add fuel to the fire and take this forward.
So, not all engineers are resistant to change, the comment below from the article suggests so.
https://www.leeds-live.co.uk/news/uk-world-news/british-gas-workers-fired-refuse-20284022
One British Gas engineer from North West of England said: “I’ve been with the company for 16 years and I’m a dad balancing work with family.
"Frankly, the business clearly needs to change to keep up with the competition and I want to see it do better. What we’re being offered is fair considering the position British Gas is in and it’s important to me and my family that I have a secure and well-paid job, not just now but for the future.
"We’ve known about these changes for over 8 months now so it’s not a surprise to anyone and most of us just want to get on with looking after our customers.’’
In my opinion, it is likely towards the end of the year once things settle down with unions etc. There are other scenarios in which they might pay a special dividend i.e. Sale of Spirit Energy. I suspect most of the funds from Direct Energy will go towards debt reduction and addressing the pension deficit.
Centrica is where it is beaten down and in mess due to its staff, unions and management. It failed to change and constantly adapt to both the current and emerging market dynamics. I have followed UKPN since beginning and what was once the worst performing distribution company under EDF with their socialist and unionised DNOs was turned around to be the best performing DNO not just in the UK. This is because they have a great CEO and leadership team who constantly challenge the routine behaviours and performance has now become a part of their culture. So unions and engineers stop moaning, learn something new everyday and embrace the change agenda. You will be rewarded well in the future through bonuses if company performs well. You should know that shareholders have taken a brunt of the non performance of Centrica over they years for which staff are a major contributing factor. So accept the hard truth and get on with it.
Hopefully the end is near. Centrica's argument is very clear in this statement "We have a responsibility to reverse our decline which has seen us lose over three million customers, cut over 15,000 jobs and seen profits halved over the last 10 years". The whole industry can see it but not their staff for some reason.
Mon, 22nd Mar 2021 15:52
(Alliance News) - Centrica PLC's British Gas engineers staged their 38th strike on Monday ahead of a crucial few weeks in the dispute over pay and conditions.
The GMB union said its members have until Thursday to agree new contracts before another wave of four day strikes starts on Friday.
The union said that on Monday next week British Gas will give up to 12 weeks' formal notice of termination for staff who have not accepted the changes.
Staff who do not accept the new contracts will be sacked on April 1, with pay in lieu of up to 12 weeks' notice, said the GMB.
National officer Justin Bowden called on British Gas to pull back from the April 1 "cliff edge".
A British Gas spokesman said: "We must change to protect 20,000 UK jobs.
"We have a responsibility to reverse our decline which has seen us lose over three million customers, cut over 15,000 jobs and seen profits halved over the last 10 years.
"There is a job for everyone at the end of this difficult process and our new terms are fair and very competitive.
"Base pay and pensions have been protected from the outset and we have made sure colleagues have the information they need to make a choice."
By Alan Jones
source: PA
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