The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Tony
I don’t think anybody cares on the amount of views he has.
Try to focus more on I3e as your knowledge is a asset on here even though the share price keeps falling .
I wonder what the investment companies would except with the reduction of their investment if a company comes along.
The board is saying the share price is to low but what action have we seen.
The CEO buying the equivalent of 6 weeks worth of his dividends.
If the board is saying the price is to low surely we should see them buying more at these low prices .
Or reacting with a buyback .
Energy
OPEC
Saudi output cuts help drive up one corner of global oil market
By Arathy Somasekhar
July 12, 20236:09 AM GMT+2Updated 2 hours ago
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia
[1/2]General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo
HOUSTON, July 12 (Reuters) - Prices for sour crude oil have climbed globally this month after top exporter Saudi Arabia hiked prices and expanded production cuts of higher-sulfur oil in the first sign its efforts to prop up global prices is having an impact.
The de facto leader of the Organization of the Petroleum Exporting Countries (OPEC) this month deepened its production cuts to 1 million barrels per day in response to benchmark prices that fell to below $72 a barrel this summer.
on a downward trajectory all year.
"The kingdom's curbs have had an outsized impact on the supply of medium-and heavy-sour barrels," Mark Rossano, a partner at energy data provider Primary Vision Network, said.
The increases - seen among North Sea, U.S. and Canadian sour crude grades - have jumped as oil refiners in China, Europe and the U.S. bid up dwindling supplies from sanctions on Russia and Saudi Arabia's cutbacks, according to traders and brokers.
Also pushing up sour crudes are U.S. government purchases to restock its emergency reserves, production outages from Canadian wildfires, and worries about potential for Atlantic hurricane season to cut production of U.S. sour crude.
oil prices closed at the highest level in nine weeks on friday with both brent and u.s. west texas intermediate crude (wti) gaining around 5% for the week.
prices were boosted as supply concerns and technical buying offset worries that further rate hikes could slow economic growth and weigh on the demand outlook for oil.
"we're knocking on the door of a major breakout to the upside. i think you're seeing some short covering here today ... because a lot of people have been betting on the short side, phil *****, an analyst at price futures group told reuters.
top oil exporters saudi arabia and russia announced fresh output cuts last week bringing total reductions by opec+, the organization of the petroleum exporting countries (opec) and its allies, to around 5 million barrels per day (bpd), or about 5% of global oil demand.
oil prices were also supported by the weaker dollar, which hit a two-week low after the strong u.s. jobs report underpinned expectations for further fed rate hikes.
a weaker dollar makes crude cheaper for holders of other currencies, which could boost oil demand
GGG
Hear you go all the info you need.
https://www.youtube.com/watch?v=veXUCB95VS8
Proxy11 was voted down by slater .PI will get first option on any fund raising .
Thanks Tony
For all your hard work.
I look forward to your posts .
Next week will be a interesting week with oil increasing and hopefully a buyback announced.
Maybe another increase in holding after the million shares brought.
Some seem to forget 10% less shares on the market would enable increase in the share price and the future dividends .
At the end of the day the oil price will be the key factor in where the share price goes.
Here for the long term
Of course they are .
It to show the holding of the larger 3 investors as evidence slater voted down resolutions 7 ,10 and 11
Just arrived in Florence for the week and then off to Tuscany
Signing off for the next two weeks
Bye
Polus Capital Management (London) 234,334,943 19.50
Premier Miton Investors (London) 119,283,488 9.92
Slater Investments (London) 110,659,500 9.21
Hargreaves Lansdown Asset Mgt (Bristol) 68,272,519 5.68
Interactive Investor (Glasgow) 60,472,592 5.03
JP Morgan Securities (London) 59,672,029 4.96
AJ Bell Securities (Tunbridge Wells) 44,651,073 3.72
Janus Henderson Investors (London) 38,500,000 3.20
Source: Orient Capital, updated for known holding adjustments to 28/04/23
Shares not in public hands
Tony
2019, 478 directors failed to receive majority support—a small number, but up 38% from 2015. Likewise, the number of directors failing to receive at least 70% support for reelection increased 45% from 2015 to 2019. Overall average shareholder support for directors last year was 95% (votes cast). Thus, it is rare for directors to receive less than 70% support, but this data reveals that in recent years institutional investors have become more willing to vote “against” directors in uncontested elections
It was slater .
Look at resolution 7 and 10 voting
What has Richard done to upset them.
The amount voted against matches their holding give a take several thousand from other Pi on resolutions 7
No other director was voted down % wise.
Not sure how many% you need to get rid of a director .Come next year he may need to collect his P45 .