BG Group was formed in 1997 after the demerger of British Gas. They are operating in over 25 countries leading them to be one of the primary companies in the global energy market. They have 3 main business sectors being; exploration and production, liquefied natural gas, and transmission and distribution.
Well, its been nice posting, but today alas i sold to secure a nice profit. This strategy is from the chicken school of investing, that is to take your grain while you can, before you risk getting plucked!!!! There is still i believe more to come and i will be back hopefully soon. Best wishes..... GL
thanks for the speech chap done wonders for the economic world !!!
Yep, £20 sounds good to me too....Hope someone else apart from us three and an analyst thinks so..lol The price is moving along nicely....every little bit helps.. GLA
youve convinced me im in oh i already was !!! gla £20 sounds good to me bout time some analysts realised ho under valued bg is !! gla
Well, i will keep an eye on that one hope it turns out to be a great wave for you. Have you seen the write up in Motley ..... Three thing to love about BG... http://www.fool.co.uk/news/investing/2013/05/20/3-things-to-love-about-bg-group-plc.aspx Three very good reasons to hang on BG are undervalued as "Analysts reckon BG's true net asset value could be nearer to £20 than the £12.30 the shares are currently trading at." They are going to give back 50% through sales while keeping production on 10-15 assets... They are Lean and Agile " The company has delivered an annualised total return of 18% over the past 10 years, which is double the return of the FTSE 100 and even further ahead of the below-market returns of BP (8%) and Royal Dutch Shell (7%)." Third and final thing is LGN..."LNG demand is expected to grow twice as fast as overall gas demand, and BG is well placed to capitalise on this growth. Recent newsflow -- on the company's huge LNG project in Australia and long-term sales contracts -- has been uniformly positive." How about that then...... GL
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