Long @ 131.33 Hi regardless Make you right. As you use real shares, fully paid for, any further drop not too troublesome for you. As you are prepared to wait, I do not always agree with that approach but if it works for you why not ? Think the fall well overdone… It is tough being in long leveraged though. I am underwater long and wrong. GL if you buy in. soi
Long @ 131.33 Just had my mate CrimeBuster2 on the Dog and Bone Giving me a heads up here again May buy some for the Dividend if she carry’s on falling regardless Have one eye on this now
Remuneration of the boss Tom_Buidhe: Disgraceful that it is very difficult to do anything about this. Well at least Unison are making a noise which is good to read seeing as the sp has now dropped below 110 under Conn’s watch. Wonder what his pay rise might have been off the back of a rising sp and gaining customers as opposed to losing them. "Trade union Unison has called on British Gas employees to use their votes to prevent Centrica boss Iain Conn from being given a £2.4m pay package at a general meeting in May. “This obscene pay rise shows a total lack of empathy for the situation of employees who are struggling to make ends meet or who may soon be losing their jobs," said Unison’s national officer for energy Matt Lay. “It’s impossible to defend when there are cutbacks throughout the company. Staff should make a stand at the forthcoming AGM. “At a time when the company is struggling financially and staff face an uncertain future it simply cannot be right that the man at the top is enjoying such a huge pay and bonus extravaganza. We ask him to show some leadership by refusing to take this pay rise.” [link]
Remuneration of the boss I have been saying for years that CNA is far and lazy and run for the benefit of a few managers. The pay rise is undeserved. Frog in a tree
Remuneration of the boss Shareholders happy with this?: Centrica chief executive Iain Conn received a 44 per cent pay rise in 2018 despite the British Gas owner announcing thousands more job losses amid profit concerns. Disgraceful that it is very difficult to do anything about this.
this is expected to deal with a restructure of the business from management to call centre closures the acceleration of the cost saving has started.... watch this space cost cutting and loss of jobs expected
Disaster dkok: Does anyone really think that a company that made £1.4Billion profit should be valued at £1.21!!!??? most of thier income is coming from overseas and gas production, not from retail sales, and this will be even less next year with the price cap. Hive off BG and get on with the rest of the business. not sure this is entirely representative of their position. In 2018 CNA had an operating profit of £1bn and an after tax profit of £242M At the same time the borrowings stood at £4.38Bn. That’s a ratio of borrowings over real income of 18X The companies gearing is 480% At the same time, the company paid out £551M in dividend payments so the real dividend cover was less than 44%. There is little scope for Centrica to pay down debt, and in fact if it keeps the current dividend policy the debt / or borrowings wil continue increasing. Centrica will be forced to slash it’s dividend - it could conceivably go bust. Games
Disaster They have been doing this for several years, maybe even a couple of decades. “guessed that ‘the management’ are trying to squeeze every last penny from loyal customers and are using the trust we have in the engineers to flog us stuff.”
Disaster Had a boiler service by a BG engineer a few weeks back and for the first time ever they tried to flog me a Hive boiler control system. I guessed that ‘the management’ are trying to squeeze every last penny from loyal customers and are using the trust we have in the engineers to flog us stuff. I imagine the SVR price cap is causing real upheaval and it will take time to settle down. Supply companies are going under is their business model isn’t flexible enough. BG has a loyal base but it shouldn’t be taken for granted. Disruptive times…well run companies will survive & presumably prosper in the long run (IMO)
Disaster Is British Gas sufficiently attractive to any buyer? It consistently loses customers, Hive is an expensive mistake and the current management is pretty clueless as to how to market it. Games
Disaster There is a fundamental disconnect between the value of CNA and the perception of British Gas. IMHO it is time for CNA to divest itself of British Gas’s retail supply arm and float it off as a separate company. It is a drag on the rest of the company. Do anyone really think that a company that made £1.4Billion profit should be valued at £1.21!!!??? most of thier income is coming from overseas and gas production, not from retail sales, and this will be even less next year with the price cap. Hive off BG and get on with the rest of the business.
Disaster not much else to say really Games
Long @ 131.33 Hi Doug, Maybe so, though SP back down to 131.20+ as I write. But frankly, there’d be no regrets re booking my gains even if SP was higher. Reason: we’ve recently seen seismic changes across the entire energy sector, with younger customers increasingly switching between suppliers. A trend that’s likely to continue as it’s now so easy. IMO, though I’d not advise anyone either way & certainly not against buying CNA as I think there’s value at these low levels, I also feel that added caution for investors right across this sector is no bad thing. GL. Screen Shot 2019-01-23 at 11.26.45.png500x908 32.4 KB Which? News – 21 Jan 19 Best and worst energy companies for 2019 – Which? News Which? reveals the best and worst energy companies, according to their customers. Find out which gas and electricity firm has the best customer service, bills, complaints handling, helps you save energy and best value for money.
Long @ 131.33 We can expect future SP rises IMO. Martin Lewis weekly email once again recommends Centrica: "Prefer a big name supplier? Right now the cheapest from a Big 6 firm is a British Gas 1yr fix at a typical £1,027/yr after MSE cashback - plus most homeowners get ‘free’ boiler cover for a year. "
Long @ 131.33 jackdawsson: 131.33 long. Close to support levels at circa 130. Mindful of seasonal factors, we may see limited rises ahead. Would settle for a few points. Trading only. Closed 136.51. Booked 5+ points. Reasons: always a short-term trade & I’m building bigger cash position. Possible resistance up ahead. - GLA.