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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


BP Share Chat (BP.)



Share Price: 456.35Bid: 456.35Ask: 456.40Change: 0.00 (0.00%)No Movement on Bp
Spread: 0.05Spread as %: 0.01%Open: 453.55High: 457.10Low: 450.45Yesterday’s Close: 456.35


Share Discussion for BP


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tophat
Posts: 315
Off Topic
Opinion:No Opinion
Price:456.35
Bp
Sat 13:56
The price stabilization notice refers to new bonds which BP are issuing as part of their normal financing operations and is a warning to potential shorters and other traders who may seek to force down the price of the newly issued securities.
The mechanism can be applied to new share issues as well as bonds and other securities and works as follows
If the new issue is for say £1bn, then prospectus will contain a clause saying that they may actually issue up to say 5% more than that. The stabilization manager (Soc Gen in this case) threatens to short the additional 5% at the issue price!!!
If the price falls then Soc Gen can buy the securities to cover the short on the open market for less than the issue price (IP) and so makes a profit and pushes up the price.
On the other hand if the price rises (which would threaten Soc Gen with a loss on the short) then BP will issue the additional 5% to Soc Gen at the IP allowing them to close the short with no loss. Of course Soc Gen will be paid a fee for this.
So anyone considering shorting the security should be aware that there is a single buyer waiting to snap up a significant proportion of the issue if necessary.
The stabilization period normally expires about a month after the issue date.
 
jordan_belfort
Posts: 440
Off Topic
Opinion:No Opinion
Price:456.35
Early present
Sat 00:04
Dividend already in account even though payment date is not til the 26th....nicee
fruitbat
Posts: 109
Off Topic
Opinion:No Opinion
Price:453.80
Bp
Fri 12:53
well thanks for input! reckon its something to do with the biggest put option
taken out recently on Bp shares, maybe be a hedge but feel something big around the corner
fruitbat
Posts: 109
Off Topic
Opinion:No Opinion
Price:456.75
Bp
Thu 20:23
Hi Guys, excuse my ignorance for once, but
What does a stabilization notice with regards
BP from Soc Gen mean?? Lost??
Hedgies
Posts: 307
Off Topic
Opinion:Strong Sell
Price:452.65
When the divi gets cut here
Thu 10:00
God bless. Oil is a flawed commodity
mrmaths
Posts: 44
Off Topic
Opinion:No Opinion
Price:456.70
oil
Wed 20:22
short term bearish but long term bullish. bp. may take a hit with it but as long as they dont go selling assets off again then the sp should recover. we are due a stock market crash at some point so i dont see anything thats safe atm
7zzzzzzz
Posts: 242
Off Topic
Opinion:No Opinion
Price:456.85
RE: Bp
Wed 13:34
Fruitbat, long wi entrance price 418 is good. I was long at 375 but sold 23 dec at 503 ... Back in and out 455 465 and now in at 4.55 but have missed three highs at 470 +
Thinking bout adding another 20k isa at this level, or hold powder dry for more drop..... 440 ?
Oil will not stay low given amongst other factors aramco float q1 2918 ?
fruitbat
Posts: 109
Observation
Opinion:Buy
Price:460.25
Bp
Tue 19:33
Hi Guys,, we are stuck in a rock or a hard place!!!!! Indices toppy and unless new encouraging news we HAVE topped .
To make it worse oil has taken another hit to levels pre OPEC decision. Although the projected revenues look good, you can NEVER stand in the way of fundamentals so today's move very disappointing. All the good work unravels. We need to hope Q2 forecasts are not head of the game, with lower oil prices, resent sales may reinforce balance sheet but 46 USD per barrel is no where as good as 55!!!, im still long 200k@ 418 so sticking with it!!!!!
chubbybrown
Posts: 31
Off Topic
Opinion:No Opinion
Price:460.25
I wish
Tue 19:04
£6.79 that was either before Buncefield or the GOM
saltere
Posts: 1,008
Observation
Opinion:Buy
Price:466.85
Share price is low
16 Jun '17
I remember when BP shares traded at £6+ years ago.... but that was before all the safety incidents




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