Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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.
Ooof Tartine - that's a tough question!
A lot can happen (or not happen) in nearly six months.....
If payments, including over-ride, are on the path to normalisation then everything will be just fine I'm sure.
I completely agree with your analysis re: not many invested here are interested to sell and this is why volume are so low. It does not attract new investors (Big or small) and therefore it is very easy to manipulate the price as the volume is so small. I appreciate that we currently are under our usual average of 3.15 OP but I am quite happy with this level. The next 12 months are going to be brutal for the economy and I expect a few bumps along the way.
I wonder what they will do with the final dividend? Any ideas?
I should perhaps add that G is actually underperforming! This may sound bizarre but the fact is that G is about 13p below its average performance against OP. So, if we weren’t looking at the others we’d actually be moaning that it should be 130p minimum, with 150+ quite reasonable. The shortfall from 150+ is undoubtedly sentiment and KRG concerns rolled into one. Here’s a daily tick chart where, on average performance, G would ordinarily be somewhere near the green ‘Brent ‘ line:
https://invst.ly/s8ydg
I think low volumes/liquidity are helping here: we appear to be down to a rather committed core of investors. There was a big push to 116 followed by an overshoot and consolidation back in April + May : it appears that many of the folks /institutions that bought in at that level did not sell out in the silly season that took the price over 170 (although they may well have traded). These are obvs battle hardened and expect a bigger reward. They apparently ain't selling - unless they sense signs of a more significant drop. Don't ask me what their threshold is but the price of stability now is the precipice that awaits the sp if they collectively lose their nerve. My inclination is to shut the F up.
Dont get me wrong, I'm very pleased we're doing well this week but this is making absolutely no sense which concerns me, in the past it tends to catch up with us.... bring on 120p, he says tentatively...
Gas going well today
Indeed bunks. I believe the only or at least one of the only Oiler’s not to revisit the March lows. Even chevron is falling hard. Bp, shell, gkp, dno, all are badly hit. Quite how we remain isolated from low oil prices, market sentiment, and a skint kurdistan govt is a mystery but can’t complain
Yes Leem, this is one crazy share ins't it, after years of holding G I was sure we'd be testing 110p this week, i suppose the week isn't over yet but at 118p it's showing strength with a challenging backdrop.
Bottom line, very limited sellers and was sort of expecting a revision compared to o.p at some point, maybe this is it, the ridiculousness is normal now buddy... when it follows the market we'll all be wondering why lol
Touch more volume today bunks. Another bad day for oil and the market so true to form Genel is up. One wonders if oil continues down to the 30’s we will keep rising? (Implied seriously). Never makes any sense
and we're off - 250 shares ...
Have we moved to GMT already?
No, still BST although the weather and G need reminding, we're not off the mark yet....
Yeah - I wasn't sure about RDS, had been poised to top-up at 925 or less but it never got there, so I opted to top back up on CWR as I thought that carried less risk of a deeper pull back and also might have more legs if there's an energy rally after yesterday. BP and RDS had been following a similar path until RDS cut its dividend more severely and it dropped behind BP but that gap seems to be closing of late: https://invst.ly/s7wqp
I was close to buying some shell yesterday Boyo, grabbed a few BP, not sure they have bottomed yet but taken some
It was an up day for many, Leem - not surprising to see G riding upwards with the likes of RDS. I'm not complaining: https://invst.ly/s7vgq
Up we go. What planet is this share on? How can we be better off now with the market being slaughtered like it is??
No interest bunks. Given what’s going on it’s not exactly ‘cheap’ right now. That said there is also an absence of sellers....
this volume is bonkers isn't it .... 4748 shares changed hands, they'll (mm) surely get fed up with it and drop the price
....... this is one of the only main market shares in the green- how come??
I dunno Leem - perhaps bunks is right, they've all been so busy elsewhere that they've forgotten about G!
Ha! I don't actually think so: GKP and DNO didn't escape attention did they?
It's going to be rough time I think - so GLA and stay safe.
we've got the least volume and the MM are busy elsewhere maybe. Just wait, they'll shake a few out yet .... it is a tad too good to be true but we have our recent deterioration Vs o.p over the last few weeks, this might just be a re balance Vs o.p.
DNO and GKP both been hit for over 3% so far which would only put us down to 111-113ish level.
Think this is one of the only main market shares in the green- how come??
Agree Leem, I suspect it's because on days like today, when there's lots of panic in the market, we don't see high volume selling, or not to the same extent as elsewhere. Conversely though, on the good days we're also not seeing high volume buying - each sell has an impact on the SP but no sustained selling volume.
This share sometimes defies all logic doing great today!
Holding up surprisingly well today on ultra low volume again (I'm going to stop saying that because its normal now), everything's pointing to a lower price today so i'd be very surprised if it stays blue much longer .... looks like the UK is heading into some extremely turbulent waters over the coming weeks/months. Might be time to dive behind the ole sofa again.
I think the pressure on G is about lack of new buyers, which is in turn a reflection of the krg, o.p and more attractive alternatives out there.
I'd take a close at the current price today, let's hope we can attract some interest, bill is certainly trying with the last couple of communications...
I notice that as the cheerleaders - Hawkey and Hasiba - have deserted the ship, I'm tending to be more positive than usual in dire circumstances. Ha - pathetic! I'm not about to be ramping quite yet, however.
I'm sure that some of the pressure on G is a reflection of what is happening with the majors. It's also fair to say that the pressure on KRG finances will continue to be a big drag for G, GKP and DNO.