Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video 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.
I have to agree Shal - in my experience share buybacks never seem to have much impact on an sp. As you say, a small component in terms of mar-cap.
The news is good. However those think price will improve due to buyback are very much mistaken. Market cap is 100b, share bb is 2b so at most 2% improvement nothing to get excited about. Secondly bp started doing share bb after q1 results and look at there share price below to where they were 3 months ago. Bp share bb program is bigger than shells.
Everything else very good results - especially net debt reduction!
The thing is, Bimmer, that RDS looks set to regain the blue trend it slipped off a couple of weeks ago:
https://invst.ly/vkv79
If it captures the 14.60 level, then it usually trades in a cyclic range of maybe 80p - so the previous high of 15.20 comes into range.
Of course, it might get turned back at 14.60 but looking at today's results, the divi improvement and strength of O&G prices - a sustained pull back to 13.80 doesn't seem that likely to me. The US market may give an indication this afternoon.
So 1500 coming soon?
A lot of detail there Boyobach I agree it should to begin with consolidate between the last consolidation 1450 to 1520 .
Then whack up the gap up to 1600.
I guess it depends on how much profit taking happens today. and then general sentiment, plus how many funds buy back in for pension divis............ Looking at the volume it looks un - manipulated so far. Ill be interested to see the volume at the end of the day.. Yep as they say, when you get on the tube .... Mind the gap
Some interesting headline figures from Yahoo, for anyone who is optimistically inclined, and wants to revel in today's great news!
https://finance.yahoo.com/news/shell-rds-q2-earnings-beat-090809565.html
Pokerchips:
Unfortunately the Circus leaves town when RDSB goes extremely predictably north of £14/share! I understand the Clowns are undergoing free counselling sessions!
Boyobach
Yes testing 1450 again as I speak
Well Optimus, looking at the daily chart, there was a 10p gap down on the 15th July from 1408 and today’s gap up from 1386 is currently worth about 35p - so 25p is presently ‘unaccounted’, which, if it remains at the close, could well form a continuation eventually balancing half of last year’s Mar 6th gap down of 50p from 1595. With O&G prices strong and this week’s EIA inventory draw, I think we could see RDS consolidate into the next level up, which I reckon would be 1460-1600 (neatly taking care of the gaps).
Hi Armani good to see you, hope all is well in your part of the world, I look forward to your email...
PS Armani I wouldn't worry, the investing and trading world is awash with "Should have" best deleted from ones vocabulary. lol
No comment yet from the House Clown ?
Hi Optimus, I'll email you over the weekend for a catch-up.
Added a few more positions this morning.....should have added more when 7pc cheaper ...lol
gla
Boyobach Yes the gap up is significant but there were also a couple of gap downs off resistance from 1450 on the 13th July Plus if it does fall back hopefully the share buy backs will push it back up .
I've noticed that on FX pairs gaps nearly always get filled at some point but not always on shares.
So its not "watch this space" but "watch this gap"
Interesting to see how and when these get filled or matched: https://invst.ly/vkr3k