Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thu, 8th Nov 2018 18:12
RNS Number : 8427G
BP PLC
08 November 2018
BP p.l.c.
Transaction in Own Shares
BP p.l.c. (the "Company") announces that it has purchased, in accordance with the authority granted by shareholders at the 2018 Annual General Meeting of the Company, the following number of its ordinary shares of $0.25 each ("Shares") on Exchange (as defined in the Rules of the London Stock Exchange) as part of the buyback programme announced on 15 November 2017 (the "Programme"):
Date of purchase:
8 November 2018
Number of Shares purchased:
708,121
Highest price paid per Share (pence):
541.7000
Lowest price paid per Share (pence):
528.0000
Volume weighted average price paid per Share (pence):
535.4712
The Company intends to cancel these Shares.
The schedule below contains detailed information about the purchases made by Citigroup Global Markets Limited (intermediary code: SBILGB2L) on the Date of purchase as part of the Programme.
For further information, please contact:
BP p.l.c.
Craig Marshall
+44(0) 207 496 4962
Schedule of Purchases
Shares purchased: BP p.l.c. (ISIN CODE: GB0007980591)
Aggregate information:
Venue
Volume-weighted
average price (pence)
Aggregated volume
London Stock Exchange
535.4712
708,121
https://www.youtube.com/watch?v=eGzEwagnsks
https://www.youtube.com/watch?v=XJSWx31V3so
EX DIVIDEND THURSDAY 15th NOVEMBER
19p paid on 10/01/2019
buy the shares before close 16.30 pm wednesday 14th November 2018 to get dividend
at this price i have bought some more and as the mot-fool stated this share should not be affected much over brexit
EX DIVIDEND
DATE IS THURSDAY 15th NOVEMBER 2018
$ 47 = APPROX 36.5 P
PAYMENT DATE IS 19th DECEMBER 2018
YOU CAN BUY THE SHARES UP TO 4.30pm ON WEDNESDAY 14th AND YOU WILL GET THE DIVIDEND
ON THE EX DIV DAY THURSDAY 15th BEFORE THE MARKET OPENS THE SHARE PRICE WILL BE ADJUSTED DOWN BY THE DIVIDEND PAYMENT IN THIS CASE AP 36.5p AND THE NORMAL OVER NIGHT ADJUSTMENT THAT CAN BE UP OR DOWN
AND IF YOU LIKE YOU CAN SELL THE SHARES ON THE EX DIVIDEND DAY AND STILL GET THE DIVIDEND
EX DIVIDEND DATE IS THURSDAY 15th NOVEMBER 2018
$ 47 = APPROX 36.5 P
PAYMENT DATE IS 19th DECEMBER 2018
YOU CAN BUY THE SHARES UP TO 4.30pm ON WEDNESDAY 14th AND YOU WILL GET THE DIVIDEND
ON THE EX DIV DAY THURSDAY 15th BEFORE THE MARKET OPENS THE SHARE PRICE WILL BE ADJUSTED DOWN BY THE DIVIDEND PAYMENT IN THIS CASE AP 36.5p AND THE NORMAL OVER NIGHT ADJUSTMENT THAT CAN BE UP OR DOWN
AND IF YOU LIKE YOU CAN SELL THE SHARES ON THE EX DIVIDEND DAY AND STILL GET THE DIVIDEND
https://www.sdi.co.uk/business-in-scotland/key-sectors/life-sciences-and-biotech
plus if your interested WEDNESDAY AT 14.30 live webcast of Q3 results
British multinational GlaxoSmithKline has opened an API manufacturing plant in Montrose Scotland for its Ellipta respiratory medicines.
The new facility will work alongside the company’s site in Singapore to provide API’s for a range of respiratory drugs. The new plant represents a £54 million investment from the London-headquartered company.
However the highly automated facility is not expected to create a large number of jobs.
Nevertheless, the company which employs 1,000 people in Scotland and 17,000 across the UK was described as a “fantastic endorsement” for Scotland as a location for business by Steve Dunlop, Scottish Enterprise CEO.
“The opening of this new facility is a fantastic endorsement of Scotland as a business location,” Dunlop said.
“Global companies like GSK choose to invest here because we have unrivalled talent to research, develop and manufacture innovative medicines that positively impact lives all over the world. We’ll continue to help GSK grow its business locally and nationally to create sustainable and inclusive jobs, and recognise its significant contribution to Scotland’s thriving life sciences sector.”
Meanwhil GSK CEO Emma Walmsley, commented: “The state-of-the-art facility we are opening today represents a £54 million investment in GSK Montrose and is testament to the highly-skilled workforce at the site. It also highlights the important part Montrose will play in our future growth, based around our latest medicines for respiratory, HIV and vaccines.”
“GSK has a substantial manufacturing presence in Scotland and we’re delighted to welcome the First Minister back to Montrose to mark the next phase of our investment in Angus, and in Scotland’s growing life sciences industry.”
Scotland’s First Minister Nicola Sturgeon added that “Scotland has a thriving life sciences community making a significant contribution to the quality of care and health of people in Scotland and around the globe. This immensely innovative sector provides huge economic benefit to Scotland and, with a highly skilled workforce, makes us well placed to take advantage of the economic opportunities from innovation and technological change.”
ex dividend dates are normally THURSDAY'S to get the dividend you must purchase the shares before the market
closes at 4.30 pm on the WEDNESDAY before
THURSDAY before the market opens the share price is marked down by the amount of dividend payment
plus or minus the normal over night adjustment that can be down or up
2018 Third quarter
Released 31 October 2018
We will announce our 2018 third quarter results on Wednesday 31 October. Following the announcement there will be a webcast, hosted by Emma Walmsley, CEO; Simon Dingemans, CFO; Luke Miels, President, Global Pharmaceuticals; and David Redfern, Chief Strategy Officer at 14:30 GMT, 10:30 EDT.
HIGHLIGHTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2018
Strong and sustainable financial performance with increased profits and returns
Statutory profit after tax of £3.7 billion up 18 per cent, with a 5 per cent increase in underlying profit, an 11 per cent
reduction in below the line charges and a lower effective tax rate
− Net income at £13.4 billion, 2 per cent higher, with net interest margin stable in the quarter at 2.93 per cent
− Operating costs reducing with lower business as usual costs1
offsetting increased investment; cost:income ratio
further improved to 47.5 per cent with positive jaws of 5 per cent
− Asset quality remains strong with no deterioration in credit risk; gross asset quality ratio stable at 28 basis points
with increased net asset quality ratio of 22 basis points reflecting expected lower write backs and releases
Loans and advances up £2.3 billion in the quarter with prudent lending growth in targeted segments
Return on tangible equity increased to 13.0 per cent and earnings per share up 21 per cent to 4.7 pence
Balance sheet strength maintained with strong CET1 capital build of 41 basis points in the quarter and 162 basis
points year to date; CET1 ratio of 14.6 per cent post dividend accrual
£1 billion share buyback complete with more than £3.2 billion returned to shareholders during 2018, equivalent to
over 4.5 pence per share
Tangible net assets per share of 51.3 pence; increased in the quarter by 0.3 pence before interim dividend
Financial targets for 2018 and longer term reaffirmed
Significant strategic progress with strong start to the Group’s latest strategic plan
Digitising the Group
− Investment in robotics driving process improvement and enhanced productivity with c.600,000 hours saved
− Private Cloud solutions delivering more efficient, scalable and flexible infrastructure
Leading Customer Experience
− Reduced branch account opening times by c.40 per cent
− Integrated API-led Open Banking proposition to be launched in November
Maximising Group Capabilities: Financial Planning and Retirement
− Announced strategic partnership with Schroders to create a market-leading wealth proposition. Aim to be topthree
UK financial planning business within 5 years
− Insurance and banking single customer view rolled out to more than 3 million customers
− Simplified pension consolidation process, reducing completion time and increasing conversion rates
Transforming Ways of Working
− c.40 per cent uplift in colleague training to c.550,000 hours
GROUP CHIEF EXECUTIVE’S STATEMENT
In the first nine months of 2018 we have delivered a strong and sustainable financial performance, with increased profits
and returns and continued strong capital build. These results further demonstrate the strength of our business model and
the benefits of our low risk, customer focused approach.
We have also made a strong start to our 2018 to 2020 strategic plan. We have been implementing the in
LONDON, Oct 25(Reuters) - Britain's Lloyds Banking Group on Thursday reported a pre-tax profit of 1.8 billion pounds ($2.32 billion) in the third quarter, outperforming consensus analyst forecasts of 1.7 billion pounds.
The bank's pre-tax profit for the first nine months rose 10 percent year on year to 4.9 billion pounds, while costs fell 3 percent to 6.4 billion pounds. It reaffirmed all its guidance for 2018.
Lloyds, Britain's biggest mortgage lender, also reported a common equity tier one capital ratio of 15.5 percent.
The bank also announced the planned retirement of Chief Financial Officer George Culmer, following its interim results in 2019. ($1 = 0.7762 pounds) (Reporting by Emma Rumney and Lawrence White; editing by Sinead Cruise)
Q3 REPORT expected £ 1.96 billion
https://www.lloydsbankinggroup.com/investors/
my past experience any slite negative change and the sp price will drop , but don't panic hold this bank is a money making machine with a excellent dividend now and even better in the future
Reasons for Buybacks
Since companies raise equity capital through the sale of common and preferred shares, it may seem counter-intuitive that a business might choose to give that money back. However, there are numerous reasons why it may be beneficial to a company to repurchase its shares, including ownership consolidation, undervaluation, and boosting its key financial ratios.
Unused Cash Is Costly
Each share of common stock represents a small stake in the ownership of the issuing company, including the right to vote on company policy and financial decisions. If a business has a managing owner and one million shareholders, it actually has 1,000,001 owners. Companies issue shares to raise equity capital to fund expansion, but if there are no potential growth opportunities in sight, holding on to all that unused equity funding means sharing ownership for no good reason.
Businesses that have expanded to dominate their industries, for example, may find that there is little more growth to be had. With so little headroom left to grow into, carrying large amounts of equity capital on the balance sheet becomes more of a burden than a blessing.
Shareholders demand returns on their investments in the form of dividends which is a cost of equity – so the business is essentially paying for the privilege of accessing funds it isn't using. Buying back some or all of the outstanding shares can be a simple way to pay off investors and reduce the overall cost of capital. For this reason, Walt Disney (DIS) reduced its number of outstanding shares in the market by buying back 73.8 million shares, collectively valued at $7.5 billion, back in 2016.
It Preserves the Stock Price
Shareholders usually want a steady stream of increasing dividends from the company. And one of the goals of company executives is to maximize shareholder wealth. However, company executives must balance appeasing shareholders with staying nimble if the economy dips into a recession.
One of the hardest hit banks during the Great Recession was Bank of America Corporation (BAC). The bank has recovered nicely since then, but still has some work to do in getting back to its former glory. However, as of the end of 2017, Bank of America had bought back 509 million shares over the prior 12-month period and the bank plans to return over $17 billion to shareholders through share repurchases in 2018. Although the dividend has increased over the same period, the bank's executive management has consistently allocated more cash to share repurchases rather than dividends.
Why are buybacks favoured over dividends? If the economy slows or falls into recession, the bank might be forced to cut its dividend to preserve cash. The result would undoubtedly lead to a sell-off in the stock. However, if the bank decided to buy back fewer shares, achieving the same preservation of capital as a dividend cut, the stock price would likely take less of a hit. Committing to dividend payouts with steady
These figures come from the box above marked Fundamentals
yesterday Gate 13 Boy stated These volumes you quote are Meaningless and incorrect
so if he is correct what is the point of having them there
The point i was making there was more buyers than sellers
so today's volume are as below again more buyers than sellers
# of Trades 9,029
Vol Sold 26,995,849
Vol Bought 61,109,230