Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Barratt Development’s share price already reflects some of the risks facing the company. The stock now trades at just 1.3 times its tangible net asset value, compared to a multiple of 1.8 times in November 2017.
If market conditions remain broadly stable, then I think Barratt stock looks quite reasonably priced at the moment. The shares could be worth considering as an income buy.
Woodford Investment Management Ltd. 51,396,412 5.07%
Fidelity Management & Research Co. 34,579,199 3.41%
Standard Life Investments Ltd. 32,629,664 3.22%
BlackRock Investment Management (UK) Ltd. 30,672,099 3.02%
Norges Bank Investment Management 23,460,000 2.31%
The Vanguard Group, Inc. 22,512,000 2.22%
Legal & General Investment Management Ltd. 20,520,000 2.02%
JPMorgan Asset Management (UK) Ltd. 20,330,718 2.00%
David William Wilson 17,795,000 1.75%
RBC Global Asset Management (UK) Ltd. 14,640,637 1.44%
BUY NOW AT APPROX . PRICE WOODY BOUGHT IN
The bank reported a core capital ratio of 15.5 percent, up from 14.9 percent a year ago, reflecting continued efforts to make its balance sheet recession-proof.
CFO Culmer said the bank is likely to return some of that excess capital to shareholders, with the board set to make a decision after December.
CREDIT SUISSE UPGRADES UK EQUITIES, SAYS EARLY ELECTIONS 'UNLIKELY'
(Sharecast News) - Credit Suisse upgraded its view on UK stocks on Wednesday, arguing that investors had 'thrown in the towel', leaving shares undervalued in the process.
More specifically, according to the Swiss broker's FTSE 100 performance model, based on the level of Sterling, oil, lead indicators and Emerging Market equities, the top flight index was 1.4 standard deviations "cheap", with 14% relative upside to be had.
The Swiss broker's Global Equity Strategy team, led by Andrew Garthwaite, also believed that investors had already positioned themselves for political uncertainty, which admittedly was now "at extreme levels", which had seen a "capitulation" in fund flows.
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Indeed, they judged a 'hard' Brexit or early general elections to be "unlikely", anticipating instead that the transition
period would eventually be extended, partly due to the "complexities" of agreeing a deal with Brussels.
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But the more it was extended, then the closer that would bring things to the June 2022 election, in turn "increasing the likelihood of a potential second referendum".
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Sterling was a risk, they admitted, but Credit Suisse saw only "limited upside", pointing to Britain's current account deficit, which was running at roughly 4% of the country's gross domestic product.
As well, they foresaw a "long, uncertain" negotiation process.
And while a hypothetical Labour government led by Jeremy Corbyn would be negative for UK equities, typically 42 months put from an elections, as at present, the incumbent party's popularity only fell by one percentage point "suggesting a minority Conservative government could persist".
Among the companies that Credit Suisse said looked "inexpensive" relative to their global peers, were: Whitbread, Thomas Cook, Diageo, BAT, RDS, Rio Tinto and Prudential, all of which the investment bank had at 'outperform', while a quantitative screen would add the likes of Imperial, BP, easyJet, Ashtead, Lloyds, Schroders, BP and Informa.
"Of the domestic sectors, banks and real estate have the closest correlation with sterling. In this context we find Lloyds attractive, but not REITs."
me bob , i think this is a high possibility if nobody can agree on a deal Brexit date will be extended
Given that it would require a rise of 18% in the Lloyds share price to reach 70p, I feel that it is achievable over the medium term. Sure, the company faces a number of risks, and Brexit could prove to be a threat over future months due to its UK exposure. But with what seems to be a low valuation and a sound strategy, I’m optimistic about its long-term potential.
so don't panic in the long term the only way is up
http://nenosplace.forumotion.com/t189147-russia-and-saudi-arabia-are-considering-cutting-oil-production-in-2019
next opec meeting
IMPORTANT BITS OF REPORT
HEADED ARE BP /SHELL WORTH A PUNT FOR INVESTORS
SUGGESTS BP AND SHELL SHARE PRICE HAVE NOT KEPT PACE WITH THE RECENT
OIL PRICE RISE EVEN THO IT’S LOWER TODAY
BP IN PARTICULAR COULD BE GOOD VALUE DUE TO STRONG RESULTS
BOTH COMPANIES HAVE CUT BACK COSTS
BP MORE THAN DOUBLED ITS PROFITS
ANALYSTS STATE SHARES HAVE NOT RISEN AS MUCH AS THEY SHOULD HAVE DONE PARTICULARLY CONSIDERING BPS SOLID PERFORMANCE IN RECENT RESULTS
THERE SHARE PRICE COULD MOVE HIGHER BECAUSE OF THE DRASTIC CUTS THEY
HAVE MADE WHILE STILL MANAGING TO INCREASE PRODUCTION
https://www.ft.com/content/9c556b6a-e1e4-11e8-a6e5-792428919cee
Q3 2018
Strong earnings and cash flow:
Underlying replacement cost profit for the third quarter of 2018 was $3.8 billion, more than double a year earlier and the highest quarterly result in more than five years, including significant earnings growth from the Upstream and Rosneft.
Operating cash flow excluding Gulf of Mexico oil spill payments for the quarter was $6.6 billion, including a $0.7 billion working capital build (after adjusting for inventory holding gains).
Gulf of Mexico oil spill payments in the quarter were $0.5 billion on a post-tax basis.
Dividend of 10.25 cents a share for the third quarter, 2.5% higher than a year earlier.
Strong operating performance:
Very good reliability, with the highest quarterly refining availability for 15 years and BP-operated Upstream plant reliability of 95%.
Reported oil and gas production was 3.6 million barrels of oil equivalent a day. Upstream underlying production, which excludes Rosneft and is adjusted for portfolio changes and pricing effects, was 6.8% higher than a year earlier, driven by ramp-up of new projects. Rosneft production of 1.2 million barrels of oil equivalent a day was 2.8% higher than last year.
Strategic delivery:
The Thunder Horse Northwest expansion project in the Gulf of Mexico and the Western Flank B project in Australia began production in October, both ahead of schedule. They are BP’s fourth and fifth Upstream major projects to start up in 2018.
Further expansion in fuels marketing, with now around 1,300 convenience partnership sites worldwide and network growth in Mexico.
sorry to advise you if you bought BP shares today you will not get the forthcoming dividend
as i pointed out THURSDAY MORNING before the market opens the share price is marked down by the amount of dividend payment once this is done the share price opens EX-DIVIDEND
if you hold shares while this adjustment is done then you will get the dividend payment
buy before close of business wednesday if you wan't the dividend
EX DIVIDEND DATES ARE NORMALLY THURSDAYS
YOU CAN PURCHASE THE SHARES UP TO CLOSE OF BUSINESS 16.30 GMT ON THE DAY BEFORE THE EX DIVIDEND DAY (WEDNESDAY) AND YOU WILL GET THE DIVIDEND .
ON THE EX DIVIDEND DAY (THURSDAY) BEFORE THE MARKET OPENS THE SHARE PRICE AT THAT TIME WILL BE MARKED DOWN BY THE DIVIDEND AMOUNT.
IF YOU LIKE ON THE EX DIVIDEND DAY (THURSDAY) YOU CAN SELL THE SHARES AND STILL GET THE DIVIDEND PAYMENT
TODAY BEING THE EX DIVIDEND AND THE DIVIDEND AMOUNT TO BE PAID WAS AROUND 7.9p
SHARE PRICE THE PREVIOUS DAY WEDNESDAY CLOSED AT 544.30
NOW BECAUSE OF THE OVERNIGHT ADJUSTMENT/
the share price instead of opening around 536.40 it opened at 542.30 down 2p
this happened because overnight the share price went up to around 550.2 then the dividend adjustment was made - 7.9p so the share price opened at 542.30