If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi, wrong board or not many footsie companies will consider rights issues, especially banks & retail stocks. But BP & shell too could go down that route if things don't pick up well into 2021 , imo. Speaking of may, there's many interesting posts on here today's, that have much positivity, but most are "if", "maybe", "could", "might", all running through them. Same things being mooted over on advfn board. People believing $100 a barrel. 2 very good reasons that won't materialize, 1, it won't
2, I own shell.
Though oil is by nature very violatile. Let's hope it does indeed rise, but keep it real.
The person who mentioned rights issue was posting in the wrong board?
Listen, oil exploration is maybes at a recent all time low. US shale is destroyed- even if prices come back, banks will be less willing to give loans. Multiple oil companies have gone bankrupt, and more still to come.
There is a big time lag in the oil supply chain, so when this pandemic ends there will not be enough oil to meet demand. In my opinion a massive price rise in oil is set in stone for 2021-2022.
Shell has taken tough decisions in order to stabilise their position. They will reap the benefits in the post covid-19 world.
No, the western media are just as corrupt as any. Indeed the English media have proved since their imperialist days their a match for any corrupt government ever. Let's see if Putin's & others claim for a proven vaccine comes to pass. Time will tell if Putins claims are true. But it wouldn't be the first time Russia has played mind games with the western world & vice versa. Their both as bad as one another.
RI - Not a chance ... they have banks and bonds to call on ... the debt market for Shell debt is very healthy
Ex-dividend - Thursday, August 13, 2020
‘With no vaccine in sight for cv19’
Do you live under a rock? Guess you believe everything our liberal western media tell us with their continued scaremongering!
Agree with the response after yours, debt is only 78b and that is very clear from their financials and their cc transcript :) don't be bashing with lies dude, at least bash with the truth.
Fwiw, the actual results show net debt to be just under $78 billion.
4X Mcap, my a*se.
God, there's some tripe written on here!
Ref. "RDS is in a strong financial position with a massive warchest of cash saved up. "
You are living in 'La La Land'. Have you actually looked at the financials or just assumed they are cash rich?
Cash and cash equivalents are fully required to pay off short-term debt and derivative exposure alone. There is no 'war chest'; rather $214.6 Bn of liabilities.
Hi, with no vaccine in sight for cv19, many footie 100 companies will consider rights issue to prop up groaning balance sheets. Banks & retail more likely ATM I would think. But if cv19 fallout continues well into 2021 then many others will not hesitate to go down the rights issue route. Shell & BP included. Oil just can't break much above 40$ , but I'd be happy for it to remain in that region & for shell to stay around £11 till next update. As for share price doubling within the year, more chance of Aston villa qaulifying for the champions league.
RDS is in a strong financial position with a massive warchest of cash saved up. Buy this week, easily double in a year or less as we are approaching the end of COVID.
Debt is nowhere near 4 times the market cap. It's about 80 billion, minus cash, the dividend saved, and operational savings, it's more like net 45 billion now.
Must be on the cards. Debt approaching 4 X Market cap, net cash negative £12.50 per share. They had better get the rights done while there is still some reasonable value in the share price.