Member Info for Charlie156

There are no guarantees what performance it's trading arm will deliver this quarter, of which we are not even half way through.

Arsenal's waiting for his Mrs to get in from wok at RR.When she's told him the answer to Lord's question, I'm sure he'll impart her answer forthwith.

How about answering lord instead of patronising them.

Well, we've had 3×10,000 share purchases today, and getting to 85, let alone 110, is enough of a struggle.

BP is allowed to buy shares today up to the price of £4.3440.

The latest trading update from BP shows where they get the confidence from to announce a $2.5bn buyback. The high oil price is a given, but their refineries are operating flat out at almost double the margin in Q1, which alone will make BP an extra $2bn just for this quarter alone, compared to Q1. This is an unprecedented period. Investors should forget about the dividend woes, the amount of buybacks coming in Q2-4 mean investors will have to be very unlucky not to see significant capital appreciation from here.

Perhaps Sekforde you could have worded your post better, and perhaps I should have looked closer at the rules. I agree the buybacks will be limited for the next couple of days. The average closing price for the previous 5 trading days is £4.0573, so for today BP will be limited to buybacks at £4.26 and below.

But there have been buybacks over the last three trading days. Your wrong, it is not set in stone how that buyback is executed.

BP employing different buyback strategy. In the last one they bought 101.85 million shares in the first 7 trading days, saving $5.56m before going x-dividend. In the first 3 days of this buyback they've bought 3.7 million shares. I wonder what will be the highest and lowest average daily price in this buyback. In the last one it was £4.133 and £3.569. I would have thought a successful buyback programme would not have such a wide differential.

The 10,000 job cuts in 2020 has made BP a far more efficient beast. The market was expecting strong results, but the driver, as every quarter, was the exceptional performance of the trading division. When it delivers a poor/average performance, that sets the tone, and the market reacts accordingly. The purchase of Thornton's in the US was an astute investment. The size of its shopping basket increased 40%.. BP's long term plan is an IPO of its retail operations. The loss of Rosneft means BP has lost half of its reserves, a third of production and a $1bn annual dividend. With $110 oil it is easy to gloss over, but BP will need to address that.

Gewillia, I noted your March 2021 post on potential valuation of Fanduel and Flutter, when the market had peaked with DKNG then trading at 35 times turnover, and Fanduel had revenue of $1.1bn for 2020. It's a different world today, but with Fanduel revenue of $2.5bn for 2022, I'd be interested in the valuation you put on Fanduel and Flutter now.

I'd be quite happy for Looney to run the BBC. They're made for each other.

I can live with BP making a one off £1 billion Windfall Tax payment. BP faces 6 months of noise leading up to October's probable next energy bills hike. An announcement before Q2's results and dividend increase will deflect the media onslaught. Of course, it won't be a one off and the clamour will start up again, but for 2022 BP should step up.

Last buyback of $1.5bn at £/$1.345=£1.1bn. This buyback $2.5bn at £/$1.25=£2bn. They have nearly doubled the buyback, at £4 a share, they will be buying back 500 million shares. 2.5% of the share capital in one quarter, aligned with the massive reduction in debt, makes BP an attractive proposition.

Looney met the Indian oil minister recently, so who knows what news he will unveil on Tuesday. BP's skills will be hard to replace, I can't see Igor Sechin accepting anyone deemed unsuitable for BP's 22% stake. It really is a lose-lose situation for BP/Rosneft and its shareholders.

What you fancy is irrelevant. You do post a lot of unmitigated guff.

BP has finished its latest buyback, buying £284 million shares at an average of £3.924 with the £/$ at 1.345 average. Hard to predict with further Rosneft developments, but I'd expect the next buyback programme to be increased to circa $1.75bn, with a dividend increase in Q2, as happened last year. The £/$ rate is now 1.25, so if that is maintained BP will get 7% more bang for its buck. Refining margins are off the chart this quarter, and we should see a big reduction in net debt.

Looney has cost shareholders billions. A few quarters of high O&G prices and now he's the Messiah. When the results are announced I don't want to hear how many electrons and cups of coffee have been sold. BP have decided to spend tens of billions of dollars on renewables, I expect the results to show an EBITDA figure for that division. When you scale up a business you expect there to be losses, and shareholders expect to be told what they are . In answer to Gary's question, at $100 a barrel, any eejit could run BP, as Looney is proving.

It will probably be a a Looney belated Easter special, where due to a write down of Rosneft, he announces another halving of BP's dividend.

How many London to Berlin trips do they sell in petrol everyday, as a comparison. Hammersmith is meant to be the busiest EV charging station in the country. On these numbers, that's a worry. Looney is oblivious to shareholder value