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Or today ;)
Well into double imo! Axa now done, words out, evidence tgere to confirm
9.15 here we go! Big swing up
No wonder!! We now know why it’s dropped, they are nil holding now! Cleaning up their exposure to fossil fuels nothing more nothing less! Doesn’t hurt the valuation imo! Just changed the liquidity. Time to go higher now, Mm knows we have sussed it out and have evidence- see below
AXA will significantly reduce its investment and insurance exposure to unconventional exploration and production from its business from 2022, as follows:
Arctic: AXA extends the scope of its Artic investment and underwriting restrictions beyond the Arctic circle and the 70°N zone in alignment with the Arctic Monitoring and Assessment Programme (AMAP). Only businesses with Norwegian operations in the AMAP region will be maintained, given their high environmental standards and lower operational carbon footprint. AXA will strengthen the thresholds applicable to both its investments and insurance activities in this particularly fragile region, excluding new investments and underwriting coverage for Oil and Gas extraction activities carried out in the AMAP region by companies deriving more than 10% of their production from the AMAP region or producing more than 5% of the worldwide volume of AMAP-based Oil & Gas. For underwriting, exemptions may be granted if the projects are carried out by Oil and Gas companies with the most far-reaching and credible transition plans.
Oil sands: on top of the existing restrictions in place, AXA will adopt a more stringent policy by ceasing direct investments in companies producing more than 5% of the worldwide volume of oil sands. For underwriting, current exclusions will be extended to all lines of business.
Fracking / shale Oil and Gas: AXA will no longer directly invest in companies, nor provide any insurance coverage to activities of companies, deriving more than 30% of their production from fracking / shale Oil and Gas.
Lastly, AXA continues to intensify its investments in green and low-carbon energies.
The Group's green investment target increases to Euro 26 billion by 2023, compared to Euro 24 billion announced at the end of 2020.
Https://www.axa.com/en/press/press-releases/axa-extends-its-oil-and-gas-exclusions-to-support-the-energy-transition
Not new but these transitions take time and its clear now AXA exited as part of a clean up, the UK Select fund is one of their most popular and its clear they are selling down fossil assets as part of their transition to cleaner energy. DYOR, Iv done mine.
Yup Hugo calling out those for claiming AXA had sold should be embarrassed imo.writing was on the wall all along and he got it wrong. SP will be 10p plus today once the word is out!! shout from the roof tops tell a friend!
Mikey AXA are out! both funds, Janus et al still in the mix along side our founders! the MM didn't think we would find that out I bet, now the rise must begin!
AHAHA Auction, the MM have been caught out short! AXA ARE OUT, THE WORD IS OUT!
https://www.fidelity.co.uk/factsheet-data/factsheet/GG00B39HF298-indus-gas-ltd/profile
They have dropped off the shareholder register as per fidelity! We now know the genuine reason why the price is down here and it isn't to do with the fundamentals which are strong more likely AXA tidying up their books from an ESG perspective.
8.8p for 2500£
MM KNOWS DO YOU?? Good news! Some one was calling out people for claiming AXA had sold out, well looks like they were all right!!!
https://www.fidelity.co.uk/factsheet-data/factsheet/GG00B39HF298-indus-gas-ltd/profile
They have dropped off the shareholder register as per fidelity! We now know the genuine reason why the price is down here and it isn't to do with the fundamentals which are strong more likely AXA tidying up their books from an ESG perspective.
AXA OUT!!! Good news! Some one was calling out people for claiming AXA had sold out, well looks like they were all right!!!
https://www.fidelity.co.uk/factsheet-data/factsheet/GG00B39HF298-indus-gas-ltd/profile
They have dropped off the shareholder register as per fidelity! We now know the genuine reason why the price is down here and it isn't to do with the fundamentals which are strong more likely AXA tidying up their books from an ESG perspective.
Good news! Some one was calling out people for claiming AXA had sold out, well looks like they were all right!!!
https://www.fidelity.co.uk/factsheet-data/factsheet/GG00B39HF298-indus-gas-ltd/profile
They have dropped off the shareholder register as per fidelity! We now know the genuine reason why the price is down here and it isn't to do with the fundamentals which are strong more likely AXA tidying up their books from an ESG perspective. NO TR1 required as they were under 3% across both funds.
Good news! Some one was calling out people for claiming AXA had sold out, well looks like they were all right!!!
https://www.fidelity.co.uk/factsheet-data/factsheet/GG00B39HF298-indus-gas-ltd/profile
They have dropped off the shareholder register as per fidelity! We now know the genuine reason why the price is down here and it isn't to do with the fundamentals which are strong more likely AXA tidying up their books from an ESG perspective.
Tide could turn here quite quickly!
Nice 100k buy there!!
Look like they are ready to let it go
82% held by founders another 10% held privately. Peel are trying to stimulate the price here, 10p could come and go quickly if they stick to their hand
We know it can move rapid! its due a bounce now
No volume to take it there atm