Member Info for Charlie156

'Everyone has a plan, until you punch them in the face' someone once said. This dispute will be played out in the public arena, which makes it harder for DK to win. RMG will be haemorrhaging cash, until it is settled. It could escalate across to Vesa's other UK investments, with royal mail workers and members of the public boycotting Sainsbury's stores. Interesting times.

Why do these incidents seem to occur more in the US than elsewhere. The Texas refinery fire in 2005 cost 15 lives, Macondo and now this. I can't think of any region in its worldwide operations that has suffered similar tragedies since the turn of the century.

The dividend policy and buybacks based on a temporary Covid bonanza were not the prescient actions of a board with a duty of care to the long term planning and health of the company.

That RNS reads like a declaration of war on the CWU. Shorters will no doubt take advantage.

The optics are not good for BP. Two major incidents in their three refineries in just a few weeks, including fatalities. The refineries have been working flat out to meet buoyant demand. Investigations will be thorough, rightly so. I hope BP is not held to account for negligence.

I'm not aware of DK ever stating what his intentions are here, investing in the whole company or asset stripping. I know the inscrutable Czech sphinx image may help his business profile but that will mean nothing with Joe Public. When people receive a lousy postal service, they don't blame the postie, they save their scorn for the company. Does the upside of GLS outweigh the downside of the UK business. Not yet.

That is tragic news. That's 2 incidents at BP's 3 US refineries in the last few weeks and a reminder of what a dangerous business the oil industry can be. Thoughts and condolences to the two victims and their families.

BP has had 6 buyback programmes since Aug 21. The first buyback was carried out at a £/$1.384 average. Today's $3.5bn buyback is at an average of $1.18 ish, which is about £2.97bn. If it had been at $1.384, that reduces to £2.53bn. This dollar strength is the cherry on the cake for BP's buyback programme.

Arsenal, you deserve a bit of luck after the wretched run you've been having with RR. We're all rooting for you on here .

Arsenal, are you going to tell us your buying price this time. It will give the inevitable profit you declare on here more credibility.

European gas, Asian LNG is 6 times more expensive than oil, and the reason industry is increasingly switching from gas to oil to combat its energy costs.

Rock solid numbers, but CAML had nearly everything going its way in H1. Lower interest charges and treatment costs, higher metal prices, foreign currency benefitting their cost base and no $5m hedging charge as in H1 21. The second half sees the company with its finances in robust shape, but metal prices have dipped sharply and costs and capex will show a large increase for H2.

80% of Q3 has now passed, and another robust quarter for BP is on the cards. The numbers won't reach the stellar level of Q2, but refining margins are holding up well. Not sure if there will be a charge against the initial force majeure taken by Freeport. There have been 2 disposals in this quarter, so net debt should continue to fall sharply, and maybe another $2.5bn buyback announced.

I've always been overwhelmed by the Queen's service to this country, and her 'Never complain, never explain' sense of duty. Remarkable woman and reign.

Retirement, I don't block or report posts, that's your modus operandi. If you continue to infest this forum I will use my right to reply.

Retirement, as fascinating as your investment dealings are to you, they are of zero interest to me. Stop acting like a spoilt, self-indulgent, petulant child.

Retirement, you come over as someone who has made a few quid recently, who then likes to pontificate on their trading success. Experience has taught me that you fall into the category of trader who keeps quiet about their losses while shouting from the the rooftop about their genius investment strategy, when the occasional win comes in. Your posts should only be read for the comedy value.

If what you say is true, selling at 64% profit, that means your initial investment was delivering a 7% dividend, hardly a poor return.. You do post a lot of BS and codswallop.

Shareholders are fed up with the way this company is run, the buyback farce, the company loan to an individual and the lack of communication. When that happens, they tend to bail out.

Most of the questions at this morning's conference call were on energy, which is the second biggest cost for the business. They have hedged most of their gas prices for the next 2 years. At the same time they have increased their own prices in Q1, which puts the company in a confident mood going forward. I won't be selling.