Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. 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.
BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday.
For UBS, however, the main takeaway from the update concerned the company’s confidence in its 2025 earnings guidance, which currently sits 16% above the City consensus.
Reiterating its buy rating, the bank highlighted the potential for earnings and dividend growth and said the valuation looked undemanding at a 10% discount versus peers.
What has been awarded is the maximum they can receive which is highly unlikely - they haven’t just been handed that amount today. Do your research before spouting nonsense please
The share buybacks improve the EPS. Nothing improved in the business, but bonus measure delivered. Easy work if you can get.
Obscene ….they already trouser more than ‘cancer surgeon salaries’ for the very short period they have been learning the ropes around the complexities of ‘the counting of the BP beans’.
Not to worry - the BoD can just issue a new block of shares to make up the deficits.
What was all this buyback smokescreen ?
Thank heavens these extra extra bonus awards are performance related.
What performance KPI, one wonders ?
Transaction in Own Shares
BP p.l.c. (the "Company") announces that on 8 May 2024 it has purchased, in accordance with the authority granted by shareholders at the 2024 Annual General Meeting of the Company, a total of 4,581,151 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 7 May 2024 (the "Programme")
Did anyone take a look at the shares issued to Murray and Kate today.... absolutely disgusting, £11-15million in freebie bonus when shareholders have seen their value shrink today.... Something needs to be done about the insane remuneration committee's especially the one at BP.
Getagrip posted this on the Shell board
“Wael Sawan will not necessarily go down in economic history books as the CEO who did a lot of buybacks, but he will if he takes over/merges with BP - it must be something he is considering!”
My reply basically says they wouldn’t be doing their job right if they are not at least discussing it
Does anyone really think we will get taken over or delist and join U.S.
We have been hearing all this positive news for 2 years now, yet struggle to get over 550.
Lydia Rainforth (Barclays) never gives up lol and nor will I.
I am not enamoured with the transition / IEC bulcaca but the underlying oil and gas franchise is tantalisingly cheap and eventually there will be a big rerating at some point.
Until then I'm happy to keep picking up one of the best covered and safest dividends in the FTSE. It will increase by at least 10% next quarter so highly attractive.
Buybacks of at least $14m over next few years will rapidly reduce share count and allow further increases in divi.
Very be attractive ISA share for long term.
All IMHO DYOR
Happy
Yes I know it’s Barclays,but think we need cheering up after last 34 hours.
BP is a standout in an oil sector that on fundamentals has appeal, according to analysts at Barclays.
Sticking with a share price target of 1000p or double the current market level, the group's unfashionable focus on oil production and cost-cutting are likely to be the catalysts for a share price rally, said analysts at the UK bank
“We continue to see significant value in bp shares as the group adds higher-margin upstream volumes and starts to deliver additional profitability from the low-carbon business.
“The new ambition on costs is both welcome and much needed as the management team aim to close the perception gap.”
'Outperform' is the rating on the shares.
A defensive playy that, as they are now firmly on the chopping block for someone to make a bid. this price is ludicrously cheap now.
BP did buy back BP Midstream Partners in an all stock deal.( 2022)
But I am sure they used Treasury shares, not ones from the buybacks.
Not that it makes a huge difference as it’s still increasing the number of shares with voting rights which again need purchased back in future.
The company would need to have a rights issue or a new issue of shares to raise new funds.
The shares being bought back are eventually cancelled.
A few views here stating that buy backs will eventually produce a higher share price and dividend; but is there anything stopping the BP board re issuing the shares at a later date if they want to fund a project?
Https://www.barrons.com/articles/bp-oil-clean-energy-acquisitions-c35ba4d7
My view through my Rose tinted Glasses,
Is that perhaps BP is a restoring Dividend play.
As Happy has highlighted there does seem a high likelihood of a 10% div hike next quarter.
As I said a couple of days ago 3 years of 10% div hike and you are back to pre cut dividend levels.
That’s either one hell,of a yield or a sp near £7.
That enough to keep me invested here.
But that’s okay if it fits your time scale
I decided to add at 492 this morning. I will do similar at around 470 and 450 if we continue to slide. Seems like a good long-term ISA hold to me.
Sorry but both BP & SHEL underperformed the oil sector! That’s why SHEL wants out of UK.
Agree - tried to catch it last time at 488/482 and it dropped to 445 before I sold at 538 - hencewhy I say fix your re-entry point
According to CNN Shell and Total Energies are considering moving their listings to US .
No mention of BP