Member Info for Auson

NigeCo,

If they could take a big enough stake and form a group of activist shareholders big enough, they could potentially get a seat on the board and challenge the Golden share.

Tosimon7,

He looks far too unfit for active service ( also far too rich for it )

Anyone know if he is in New York ?

It looks like

Aberforth Partners LLP scooped up 5.47m shares in August share price in August low 45.8 high 66.4p

and a further 2.54m in September.

Now showing a holding of 13.67m shares

Their fund returned 23.6% last year

'We are value investors who seek to purchase shares in companies that are selling below their intrinsic value. The chosen investment universe yields a disproportionate number of value opportunities as a consequence of greater inherent business volatility, lower liquidity and less abundant flows of information.

Valuation anomalies arise as a consequence of weak macroeconomic conditions temporarily depressing trading, through poor execution undermining an attractive business model or peripheral activities obscuring a strong core business. The forces that drive a divergence from underlying value are often temporary and may be reversed through greater investor interest, management action or corporate activity. Investments are held until the value gap closes; the average holding period is some three years.

Intrinsic value is determined through the internal research efforts of the experienced, well resourced and motivated investment team taking a long term view. Our investment managers combine detailed financial and industrial analysis with a valuation approach that focuses on both stockmarket and corporate worth. '

https://www aberforth co uk/about-aberforth/investment-process-philosophy

Ancientarcher,

Do we not think Gideon is replaceble, is there not a 2ic or succession plan ?

Getafgrip,

Perhaps BP / Looney was angling for some Gov subsidies or tax breaks ?

Hopeful118,

You cannot sit down for talks with a movement or an idiology

Hello again 25p

Celinegreen,

Its difficult as a lot more car parts even for German cars made by German brands are made in china.

'Continental celebrates Grand Opening of Fourth Expansion at Tire Plant in Hefei, China'

www continental com/en/press/press-releases/20240620-hefei-phase/

Donalb,

Correct I have always said for Israel Sealion is not about economics its about energy independence

Happy,

I agree with the general thrust of your comments but

XOM's oil reserves are many times that of BP's

JMAX,

'How have they got it wrong - borrowing shares doesn't mean that they have been sold yet.'

But surely it does as it is a net short position not a gross short position or amount of shares out on loan/ borrowed by Pictet.

Tincan1995,

It says negotiations have been ongoing for 2 years. I wonder if Diago Garcia has anything to do with it.

There have been no negotiations re the Falklands and I don't think they were previously inhabited by Argentinians

In November 2021 we had Morgan Stanley giving SFOR a 1200p target. I think its best to take a lot of these free broker ratings with a very large pinch of salt !

Just looking back I think the average Broker rating over the last 3 or 4 years here is around 500 to 600p

Lse2000,

But its downgraded to 47p which is more than you want to buy in at !

Y11-shx,

Just an observation.

Last time the Oil price consolidated between $66 and $76 it then went on to spike to $136 quite quickly.

'GM is eyeing double-digit market share in the US EV market after sales surged 60% in Q3 compared to last year. With new models like the Chevy Blazer, Equinox, and Silverado EVs rolling out nationwide, GM looks to top rival Ford by the end of 2024.

With GM’s “EV for everyone” strategy finally unfolding, electric vehicle sales are surging. GM sold a record 32,095 EVs in the US in the third quarter, an increase of 60% from Q3 2023 and 46% from last quarter.

“GM’s EV portfolio is growing faster than the market because we have an all-electric vehicle for just about everyone,” Rory Harvey, GM’s executive vice president of global markets, explained.

Following the strong Q3 performance, GM is nearing double-digit EV market share in the US. GM’s share of the US EV market reached 9.5% in the third quarter, up from 7.1% in Q2 and 6.5% in the first three months of 2024.

All EVs across GM’s portfolio of brands had significant growth in Q3. Cadillac Lyriq sales reached 7,224, up 139.4% from last year.'

electrek co/2024/10/01/gm-nears-double-digit-ev-market-share-after-q3-sales-surge/

Y11-shx,

What is your BP valuation at say $100 Brent ?

BushyTailed,

Its ok we will just tax the North Sea a bit more to pay for the energy transition and in the mean time we can just import our oil by sea through the Straits of Hormuz

Good find !

Am I right in thinking the EU will have no clout as arbitration in New York and Rockhopper is no longer in an EU country ?

MarkGo,

Yes but they haven't asked Elon Musk for a solution yet have they. He can simply enable Model Y self drive / Iran function. Drive them into the tunnels and the batteries at some point will spontaneously combust.

Great marketing campaign for the Cybertruck !