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https://www.ft.com/content/8f918f71-6be1-46a7-83bf-73930795a1c4
Pretty much sums up, analysts expect next year profits to be 32% lower than this year, hence the almost 30% drop
Not only that Mick but look at when he transferred shares to his name, a week before the war actually started!! He knew beforehand what was going to happen as tipped off. How this has not been raised up yet is beyond me
Lol Abramovich IS selling, why do think there's constant down pressure? The Company would want to do their most and distance away from any Russian Oligarch and Abramovich WILL get sanctioned by UK very soon, he knows it thats's why hes selling everything in UK from property etc....and guess what these shares are??!!
For a share that has no apparent shorts on it, it hell acts like its being heavily shorted. No uptick at all even when rest of market moves up. This has to be one of the worst performing Ftse100 shares this year
Ftse at all time yearly high and BP are not even gaining. I have a very nasty feeling that the whole Oil sector is getting re-rated (Like the banking sector did after the financial crash) and so long gone are the days of £4.50+. Anyone else thinking along this?
Great analysis there Tacet, although I do see where Blue-boys reluctance is, the FTSE is only really down .5% off its high while BP is off around 5-6% off its high. Quite a stark difference for a share that used to follow the FTSE trend line
There is big confusion about this due to media when its so simple, they stop counting as say Trump/Biden has 300000 lead but only 250000 postal votes left to count, there is no point in continuing as it will not affect the outcome. All its doing is delaying the result and giving in to the lefties who wants 'Every vote counted'
What I am interested in.... has anyone here actually signed up to the RI and if so what has their broker offered... I find it difficult to understand how Barcs are charging extortionate fees while other brokers are not...I am on phone waiting to Barcs now so need some ammo to fire at them
Karv, I really do hope they reinstate the full Divi as it should be but they (and this goes for most of the other companies who stopped divis) will see it as a chance to decrease the payments for years to come. I wouldn't expect to see the Divi back to pre covid terms for another 5+ years if lucky.
More than likely we still got the huge seller in background (Craig Auringer). I doubt very much he has stopped selling after selling 2% of company in two lots last week. Until he clears off this will take a lot to shoot North
The PPI 'scandal' was the banks repaying their dues, I still do not see how people can not work that out. It was anything but a scandal as most people knew what they signed up for but they made it a blanket compensation claim.