Member Info for Jim800

Thanks for all the responses - nice change so see a forum where people actually answer the question asked with some nicely marshalled facts.
I had seen all the Trading Update stuff and the notice of buy backs - but that all looked a little like the jam tomorrow we are always promised - perhaps it is more convincing now.
Think gmed's comment on this being a switch out of tech into defensive shares was the one bit I hadn't considered.
Think fund managers might already be looking at BAT / RDSB / DEC / BP etc and realising their principles are costing their investors big time this year.
Thanks again everyone, I'll stay for the ride!

Certainly many less variables comparing those two.

SMTM - a forum without negative views is just a group of deluded investors all admiring their cleverness. By all means refute negative comment if you have the facts (or a well reasoned opposite point of view) but I for one, am quite happy with views challenging my thoughts.
The facts seem to be that other similar (not the same) companies are currently getting more investment. Might be many reasons for this. As always, XPB thinks it may be lack of confidence in BoD, whilst HSD says it is likely due to maturity of projects but it's good we get both points of view.
All views welcome even if they don't match mine. Save your wrath for erroneous comments masquerading as facts.

Is it just differing sentiments in US and UK markets perhaps - is Chevron tracking a major US index whilst RDS moves (other than oil price) are following FTSE? Is it related to dollar / pound strength weakness?
So many variables and so few functioning crystal balls.

Boyo, your start point as good as any other.
They looked to be converging at Q3 2020 and again Q3 2021 BUT on both occasions RDS dropped away whilst Chevron took off. This was not due to CV or reduced dividend and price of oil affected both simultaneously - so any ideas why?
If we could work out why they diverged we might be able to understand what will bring them together again.

My next book will be "Shares I bought too late and sold too early."
Hopefully BATS will not be a chapter.

Blimey where is this going now?
I've been underwater for about 3 years having bought in for the dividend only to watch share price drop off.
As it dipped below 2500 I promised myself I'd sell when it got back to 2800 - on the assumption that ESG concerns were limiting investors willing to buy in.
I'm hovering over the sell button but don't want to sell into a strong looking rise.
Seems to be a major sentiment change but I can't see what or why.

Amazing rise purely on a decision to sell a part of company. Imagine the market reaction when they actually find a buyer, set a price and close the deal.

To clarify further, EWS is an External Wall Survey used by RICS and lenders in the granting of mortgages, It is not a Government scheme and is not underwritten in any way by the Government or legislation. It came about post Grenfell as mortgage lenders sought to safeguard their lending.
Accordingly, whilst some flat owners with poor EWS scores may struggle to sell, it doesn't cost them anything until they try to sell and there is no Govt obligation to do anything about it so it won't affect builders unless they volunteer money for good PR. Shame for the poster and his dreams of profit from property may fall flat but nothing to do with BDEV.
As long as relevant building regs were complied with at time of build, Caveat Emptor just about sums it up

Wood up over 10% this morning. Have just announced a big disposal so hopefully loads of cash available to support JV with EQT.

Given all the chat in the press today about the fact that low fuel bills, conversion to a green economy and security of gas supply are not mutually compatible and that the UK only contributes to about 1% of global emissions - there are going to have to be some grown up conversations with a dash of realism.
At this point, recognising fossil fuel companies are part of the answer, not the enemy, hopefully funds and institutions will be forced to reconsider their ESG policies to reflect economic reality rather than continue the green illusion to the cost of their members.

Rarely a good sign when CFO leaves - they tend to know the realities of the finances better than anyone else.
Perhaps he's just tired of bashing his head against the KRG wall of obstinance.
Cash forecasting must be pretty tricky when you never quite know whether next month's invoice will be paid or not.

Whilst I could see the attraction of buy backs for a company with no debt, no opportunities for acquisition, no opportunities for R&D or E&P and no forecast need for borrowing. ie there really is nothing else to do with the money other than a special dividend; Shell is not in this position.
If the buybacks lead to a Share price uplift (which I think is the aspiration) then I guess remaining shareholders do own a greater percentage of a company which is now valued at a greater amount (accepting that cash has left the building - as the market value is not necessarily the sum of the assets).
Think its more to do with two things:
Messing about with EPS and RoE etc - figures all magically look better and thus should attract more investors (Director targets / bonuses perhaps!)
Not raising a dividend you may later have to cut (Shell have been burnt by this)
Guess there is always the option to re-issue the cancelled shares to raise capital cheaply.
Lots of big companies do it so some must see a benefit.

Brent turned South at the same time.
But if you're looking for positives, the percentage falls on Dow and Brent Index were both higher then the fall in RDSB price - so I guess it could have been worse.

Let's hope all the MPs who were in post when the relevant building regs were passed feel morally obliged to chip in to rectify their mistake - knock a few grand off each of their pensions perhaps.
Oh, no - let's just take money off those companies making profits to appease potential voters, irrespective on unintended consequences.
Same as a windfall tax on fossil fuel companies to pay for Energy price cap - appears simple but the costs will soon turn up at the pumps, penalising the least well off the most.
Have we lost all common sense?

Yes indeedy - some biggish buys from 1030 onwards. Does someone know more than me (they usually do)?

Bit of a non-progressive Govt policy.
Do we think the developers will bear the cost or just pass it on to the new house buyers? Even more house price rises and then more need to rent for those who can't afford the new prices and a greater buyer / renter divide. Owners / tenants always pay in the end.
My view s that if the original developers lied then they should pay, if they didn't then the owners should - don't disrupt the whole housing market. A bit like leasehold ground rent agreements - read the contract before you sign it - tax payers are not responsible for individual incompetence.

More buy deals than sell deals today - but the sells are significantly bigger (up to £10k and many at £2.5K ish) and a few look like multiple sells from the same seller.
Don't think these are big enough volumes to be sellers from the 8p cash raise so is it just largish PIs getting bored and taking profits from their 5p/6p purchases earlier last year?

XPB knows all that.
HIs point is there is lots of money going out and no-one quite knows when some will flow in.
Agreements and early stage projects might be great but they don't do much for cashflow.
How long will the £25M last?

Suppose by the law of averages they have to get one right eventually - perhaps it's EQTEC.
Maybe the Motley Fool chimp throwing the darts at the share lists has taken the blindfold off.