George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Monty what are you on ? Have you not been reading any of the RNS?! It states its a corporate governance issue and nothing to do with the financial statements. What you have written is pure fantasy!
If you are on DD you can choose to raise your monthly amount to meet the obligation or let your account accumulate and pay it off over time. Therein lies the problem. At some point you will want to move to have cheaper gas/elec elsewhere. Either pay it all off or be trapped with your provider until such time you cannot. All bills are are liability on the individual and impact your credit rating.
The energy market decides consumer prices just like BoE decides to just let inflation rip!
Aspers - good to hear you are making a profit on your trading Centrica. Although I believe there are better stocks for this with more predictable trading patterns. I am a long term holder looking to increase capital gains and hopefully pick up a dividend. So I invest for value, growth stocks.
Estimates of a potential div this year are within the 1.5 - 2p range. This is still low compared with sector equivalents. Debt is low thanks to the sale of direct energy and they still have upstream assets in gas and oil in a rising commodity market. Notwithstanding, the rise in energy cap in April and a further one later this year. I predict more retail energy companies to go bust over the course of the year and with a dwindling supplier base will hopefully increase their customer numbers.
The FT article concludes that the coming results will be good and that a return to dividends is likely - this may be delayed for fear of a political backlash as people face higher bills. But in saying that there wasnt much of a backlash against shell nor bp.
Maybe there's other news to white wash
By Thursday this week is the cutoff.
40p is 1.5B.
Aviva has committed to return £4bn to investors by the end of 2022 through sale of businesses and a share buyback scheme. They have already spent 1B on buybacks.
Cevian capital is pushing for 5B payout by end of 2022.
aspers - I agree bp was a good buy sub 3 pounds in a rising oil market. i sold recently after buying from 200p right up to 300. I have made a tidy profit over the last couple of years and I am quite grateful for that. BP share price will run on. But at todays prices I think CNA has better value indicators. I recently bought again during the dip around 69p.
The facts: Its a corporate governance transparency issue and not financial performance related.
Those responsible in DX have resigned. But why have Grant Thornton resigned?
DX said the Inquiry has not proceeded as expediently as initially hoped by the board.
Grant Thornton says their reasons:
(i) actual or potential breaches of law and/or regulations
(ii) DX action and response to the evidence generated by that investigation and inquiry;
(iii) transparency of information