Member Info for Callum28

https://youtu.be/nVhNCTH8pDs
Gla

Yuri

Daniel-san... must follow passion. Man who work for passion always richer than man who work for money.

Its a good quote trust me !

Gla

Yuri
Its all relative
Real, proper millionaires, who could spend a million tomorrow? A fraction of 1%.

Around 3.5 million households have total net household wealth of over £1m, including property, pensions, physical assets, and financial assets.

However, if you want to know how many individual people have £1m+ in financial assets, i.e. they could buy a £1m house for cash without selling their own home(s), cashing in the pension, or flogging the jewellery, that is a bit harder to find out.

Data from 2016 from the ONS[1] tells us that the number is far below 1%.

The richest 1% of households has, from that data, a mean financial wealth of £1.75m, but a median financial wealth of £588,000, so the £1m line is probably somewhere around the top 0.25% of households. That is 65,000 households. There will be a few more from households below the top percentile who are heavy in financial assets, so round up to 80,000.

On average, those households are going to have more than 1 person who would have a direct claim on that wealth (typically husband and wife), and it isn’t reasonable to say they are both millionaires if they have £1m in financial assets between them (but they are if they have £2m), so let’s estimate the number of genuine, financial assets on hand, individual millionaires to be around 60,000.

That is a bit less than 0.1% of the UK population.

Footnotes

[1] A breakdown of the components of total household wealth by percentile points, Great Britain, July 2014 to June 2016

feels like a re run gordon doesnt it
GLA

Very true wolf ,very true.
Patience is a virtue ,that's what I always tell my wife anyway ;)

If we can Gas out and according this we can
https://www.sharecast.com/news/aim-bulletin/oilex-unveils-favourable-fracking-analysis-for-cambay--2827749.html

then that should fit in with this
https://www.iea.org/reports/india-energy-outlook-2021

hope everyones fine !
Gla

Sauce for the goose, Mr Saavik” Spock declares, quoting an old British idiom, when Saavik worries they are outmatched. “The odds will be even”.

https://youtu.be/RcEHM8GFSwM
Gla

Maybe history will repeat itself
Gla

Buy low
Sell high
Gla

Sorry ,tired today !

Here's the link to the meetings
https://mopng.gov.in/en/page/13

Yes decent price everyone.

Maybe the ministry of oil gas India is being reorganised with the new guy in charge.

Notice there been no committee meetings since June.

Maybe he doing what he said and reorganising the civil service bit ?

Who knows .

Gordon
Yes good post .
It's pretty obvious that Green energy will be the future even in the short term ,it's happening quicker then anyone can imagine and the money is following it.
I've always banged on about Green energy and if you went back through all my oilex posts you can see I've always banged on about the Gas in Cambay rather then the oil.

Here's a good example why
https://www.thehindu.com/business/Industry/ntpc-invites-eoi-to-set-up-pilot-project-on-hydrogen-blending-with-natural-gas/article35910932.ece

Two main focus for Oilex should be the Natural gas in Cambay and the potential Natural gas in East Irish combined with Carbon storage .

Forget about Kampar it's at the back seat.

Anyway just another post

"Like tears in the rain"

Gla

Or Buy low sell high is another good one

https://ahmedabadmirror.com/og-majors-can-bring-in-rs1k-cr-investment/81804618.html

You will like this MR positive
https://youtu.be/ytGPg-bbHnA
From today Cambay

Look like AIM is everybody favourite again

https://archive.ph/LmiTH

Money flowing in it seems

Gla

cairn shares were up 47% at one stage today
Gla

For those that don't have ft access here's the link

http://archive.today/HiqE6

Slightly off topic but maybe not

https://www.ft.com/content/6bb63863-c0eb-4e5b-99bd-b023847d3595

Hmm that's a big u turn by Modi.

By the way if it all goes "Pete tong"
Have a drink!

https://youtu.be/NMwQEBGoIss

Ga