I've done some calculations, and I can't see anything in the numbers as to why this is so low. LLOY has proven quite resilient, and it looks like a great opportunity on paper. I've recently taken up a small holding, but I'm left wondering what am I missing?
I have no doubt BP will turn around and the swing will be something similar in the opposite direction. It all depends on if you're after short term gains or a long term investment, if it's the latter it's one to hold and forget for a while.
RE: Not great news on the advertising front22 Oct 2020 22:34
True, but only because they're working from home. ITV aren't in the catering industry in case you didn't realise, so bars, pubs, and parties have no relevance here.
RE: Not great news on the advertising front22 Oct 2020 18:16
You don't half talk some nonsense; it makes sense traditional marketing firms will struggle with their existing clients. Ads and Brands may change, the demand will not.
Electric cars are not there yet, the manufacturing and sourcing of materials make them arguably less green that conventional combustion engines. It will be a long road to green energy and BP will adapt as a when it needs to. There's huge value in BP sub 200p IMO.