The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Does anybody still have a hard (printed) copy of the 2020 Annual Report and Accounts for Phoenix? I am willing to purchase a copy. I am a shareholder but for some reason I don't have the 2020. I don't want to read it on the internet (PDF). I'll be happy to correspond so we can fix up payment and postage details. Thanks. Peter Rogers.
Get a grip, get a grip!!!!!!!!!!!!!!!!!!!
The end of fossil fuels is NOT nigh! We are NOT all doomed!
EVs are impractical! CO2 emissions are not going to result in us drowning, starving or dying of heat stroke – any more than normal.
ShellEmployee: Investing in "green projects" such as offshore wind-turbines, onshore solar (PV) farms and so forth ONLY make sense if the the vast majority of the establishment are supporting such. Since all the parties that have seats in the House of Commons are supportive of the "green agenda" and reaching so-called "Net Zero" by 2050 then what your employer is doing is something all sensible employers are doing: not only is the customer always right, the regulator's instructions HAVE to be followed! As long as the politicians want the UK to "go green", then Shell (UK) PLC will be OK. It is when the politicians change direction the problems come! And as all posters to this board know, politicians NEVER take the blame themselves! They ALWAYS find another poor unfortunate to blame! This is PRECISELY why Shell is being lambasted by the green campaigners now! In the 1970s, 1980s and into the 1990s, finding new oil and gas reserves and providing employment in was lauded! This is the problem: You can never win long term with a politician! The ONLY victories are ALWAYS short term ones! Projects that require huge amounts of capital expenditure require a long payback time. This is why there are NO tidal barrage projects undertaken! If the intention is to generate electricity without burning what is know known as "fossil fuels" the cheapest way - in terms of unit cost per KW - is to build a sea wall across the Bristol Channel (not the Severn) as well as Morecambe Bay and the Solway Firth. The UK is blessed with being in a geologically stable area which makes these projects feasible. However this means a long term commitment and politicians don't like long term projects as they want to spend money on things that will get them re-elected! This is why the UK is in the deep hole it is in!
Wayzgoose, I bought for the same reason @£15.45 - just added to the small # of shares I hold in this company.
FYI: When the politicians talk about reducing methane they mean reducing the consumption of meat meaning farm animals raised for same. We all know how politicians seek to discourage the public on reducing consumption of things they want to see reduced...... Taxes!!!!!
Expect a “methane tax” on meat or VAT levied on it!
I meant not extending credit.
Nothing positive will happen to the SP until all the ballyhoo in Glasgow has passed and all the armoured limos have been packed back onto C-17 transports and flown back to where they came from! The RDS board are using their common sense and paying off debt and buying back shares as fast as they can. This because the banks are appeasing the greenies by extending credit to “fossil fuel companies” and the institutions are appeasing the greenies by disinvesting.
What does this mean for the price of oil and gas? Both are going up! Why? It's the old story of supply and demand. If demand exceeds supply up goes the price! The world and his wife will still use oil and gas whatever those attending COP26 say and do. If the supply drops oil and gas will become more valuable.
This has all been worked out!
If you increase the price of oil by steadily reducing the supply so as to reinvest in the so-called “green technology” you are paying for the so called “transition” from fossil fuels to “....a sustainable and renewable alternative......”
Whatever that is!
The trouble with “....a sustainable and renewable alternative......” is that it requires either the market to be fixed or government subsidies or both to make a profit!
Far from being sustainable, it is the very definition of unsustainable!
This is what we in the real world call “bonkers!”
Assuming good results, if the board do not facilitate a nice shareholder payout either in terms of divi' or buybacks; expect to see takeover interest on the part of non EU banks – probably US. Highly profitable companies with strong balance sheets with low share prices are always subject to takeover risk – even those the size of Lloyds Banking Group. A US bank such as Bank of America would not have problems with the competition authorities in Brexit Britain as BoA have minimal presence in the UK.
Interesting ideas re a merger between BHP and RDS. Herewith: https://british-gazette.com/in-the-kingdom-of-the-insane-the-sane-are-the-outlaws/
Interesting ideas re a merger between BHP and RDS. Herewith: https://british-gazette.com/in-the-kingdom-of-the-insane-the-sane-are-the-outlaws/
Gary59: Please quote the source of your text. Thanks.
From the Half Year Report: Interim Group CEO's statement: We are committed to helping our customers, clients, colleagues and communities through the coronavirus pandemic and rebuilding livelihoods, whilst delivering long-term sustainable returns for shareholders. We recognise that the focus of the Group's purpose, Helping Britain Prosper, must evolve in response to the current environment with changing societal and customer needs and expectations. We are therefore committed to Helping Britain Recover and supporting a sustainable recovery which benefits all of our stakeholders.
Comment: This sounds like a report from the boss of a nationalised industry! A lot of political sound-bites and waffle! Help Britain prosper??? How about helping the bank's shareholders – who actually own the company – for a change!
From the Half Year Report: Dividend: In respect of the first half of 2021 and following the PRA update of 13 July 2021, the Board has announced an interim ordinary dividend of 0.67 pence per share, reintroducing a progressive and sustainable ordinary dividend policy. Going forward, the Group will revert to paying any ordinary dividends half yearly, rather than quarterly, with the quantum announced with the half year and full year results. The Board believes this approach is appropriate in the current environment given its simplicity, environmental benefits and the additional flexibility it provides to the business. The Board will continue to give due consideration at each year end to the return of any surplus capital through the use of special dividends or buybacks.
Comment: I don't reckon there is much chance of Lloyds being regarded as an income stock in the future!
The obvious route for Lloyds by which to increase shareholder value in these circumstances is for the board to authorise a mass buyback of ordinary shares cancelling them on acquisition. This will boost shareholder value and eventually the market should sus out what's going on and the share price will then rise.
That the new CEO is not doing the obvious might be because the Prudential Regulation Authority may not be allowing it. It appears that Lloyds might be under the thumb of the state.
For me there are two price points insofar as “getting my money back” on this stock is concerned.
One is 53 pence and the other is 76 pence.
The 76 pence takes into account the probate valuation of 8.47% of the holding.
If the price reaches say 54 pence it will give me a modest profit on the shares I purchased of a couple of hundred after the brokerage costs are taken into account but will write off the shares I inherited.
54 pence is possible in the not too far distant future. 76 pence is a long way off I think!
Decisions!
It does not matter – IF: LLOY ramps up buying it's own shares whilst the prices are at these levels whilst at the same time running the business profitably. Eventually, the market will “click” and “sus” out the shares are ludicrously under valued. Then – and only then - the directors should rack up the dividend to keep the yield (%'age figure) the same to avoid the left wing politicians from foaming at the mouth with indignant rage.
Now is the time for RDS to increase buybacks.
With the share/stock price languishing below 50 pence, the directors of Lloyds should increase dramatically their plans to buy back the company's shares/stock. Even if this requires a further shareholder/stockholder resolution at an EGM. Since the company is trading at figures which substantially undervalue it, large scale buybacks would be the right thing to do by those who will continue to invest in it, i.e., the remaining shareholders/stockholders.
Me too! I feel your pain!
I have held RDS since January 2014 but made purchases along the way. My average per share is £18.65 (including acquisition costs). I bought in for the divi – the most common reason for buying this stock!
I agree with you that “fossil fuel companies” as the PC brigade now refer to them as have acquired the sort of “I don't want to be seen holding these!” aura the tobacco companies have acquired. This means that institutional investors who have to earn “Brownie points” with the “powers-that-be” have become sniffy all or a sudden. It is why the pander to other PC shibboleths.
People in Europe and the UK tend however to focus on their own neck of the woods and work themselves up into a state about electric vehicles and local authorities building rapid charging points for same. The facts are however that in large parts of the world Africa and Asia (where most of the world's population live) the demand for this very expensive technology – and it's associated infrastructure – is low – and will remain so – in comparison with Europe.
Look at the facts! In Africa and in large parts of Asia they lack conventional infrastructure! They are going to work towards getting their conventional infrastructure up and running long before they start fretting about charging points for EVs!
The other thing you have to take into account is that we are still in the midst of the COVID-19 pandemic. I reckon that it is going to be three years before things get back to what will have to be regarded as “the new normal”.
Like you, I am looking to sell out if the price goes up enough. For me that's £19 which will produce a capital gain of a few hundred quid – on 6,000 “B” shares!
What will I do with the proceeds?
Well, I'll decide at the time of course! However I have not ruled out tobacco stocks.
I hope you're right!
The thing with many people is that they tend to focus of events close to home. For the UK they look at what is happening here and to a lesser extent the EU. Oil however is a global commodity and the Coronavirus Plague is worldwide. The plague has had a devastating effect that has cost lives, wrecked lives and wrecked economies. The plague will subside, but coronavirus will not go away. There will be a worldwide economic recovery however. In time. When it comes, share prices in global businesses will rise – including RDS. People talk about the price of oil. They should also pay attention to the consumption of oil - the plague has seen to that. They should also pay attention to the fact that the average Nigerian is far less concerned about CO2 emissions than the average Dutchman.
The best way out of this sxxt hole for RDS is to merge with BP and relocate to “Brexit Britain”. True, there are lots of people suffering from CO2 Obsession Disorder (CO2OD [pronounced “cotwood”]) in the UK but the financial facts of the merged company would compel any UK government to keep the merged entity healthy because it would dominate the FTSE. Of course, a £50 million donation to the Tory party would help!
The Dutch have got to understand the meaning of the English proverb; “You can take a horse to the water but you cannot make it drink”. RDS is incorporated in England but it's HQ is in Holland. RDS could always decide to abandon it's EEA based operations – by selling them to Total – and relocate to England. Freed of EU competition rules, it could then merge with BP – subject to MMC approval of course!