The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
To be clear it wouldn't be 'debt fee' BP would still have debts however cash and equivalents would exceed their debts.
Current debt is $55.9bn (excl. lease liabilities of $8bn)
BP always require a lot of liquidity to support their trading and hedging - the CFO emphasised this today.
Chandley,
I think people have issue with the fact that he states he understands the hardships of the British people then proceeds to act in a manner that is so far outside of the norm's. He clearly does not understand what people are going through despite how many times he keeps saying he worked in a pharmacy.
He should have the political sense to understand that his actions are out of touch. He comes across as disingenuous and only interest in being PM for his own legacy. Sadly Truss is a hopeless alternative.
Personally I feel there are to many elites in Gov. there is a distinct lack of representation. I think it only reasonable for people to challenge the fact of this, the extremely wealthy need not stick their nose in politics directly and if they do prepare to have it bloodied.
I think the alternative question is where would the SP be without the historic buybacks....
I concede there has been some poorly timed buybacks in our history 05-07 (represents almost half of the $ spent), however I think currently BB make sense as the company is in my opinion seriously undervalued.
Its extremely rare that any company has an opportunity like this where they are making money hand over fist yet the SP is in the doldrums.
The issue here is all around timeframes many people here are visiting the SP daily and progress is expected daily. I think both the CEO and CFO have been extremely clear in the financial frame set out, so I'm at a loss as to why people are trying to anticipate a whole new strategy.
They do not set the SP and thankfully it does not impede there decision making, any rash decision to try and shock it into life could easily look very foolish in the future.
Chandley has nicely highlighted that progress is been made, albeit it steadily.
licker, that's a pretty poor vindictive post.
Do you expect them to comment on every element of speculation etc. and provide a daily briefings to disgruntled investors like your who project their frustration of their investment decisions onto others?
They could have the greatest IR team in the world an I doubt it would make a shred of difference.
Do people even read company materials anymore. BP can keep in their current financial frame based on 60 dollar oil. Which is a pretty healthy return and continuation of debt reduction and transition to green.
I don't understand the drop, although I was also saying the same sub 250p. People complain too much about irrational markets but I'd say just be patient, it makes the I told you so's even sweet.
I don't think also there has been major changes in II's just a lack of buying power in PIs and its a hard sell to those who haven't researched the investment case
It's amazing how many people know what is actually going on, yet still don't have the facilities to make my money.
People should look at their own decision making before blaming and throwing mud at those who are also looking out for their own interests
I feel it pertinent to keep sharing the below link every few months
http://gorozen.com/research/commentaries/3Q2021_Commentary
For those who believe these prices are being caused by the ongoing war - it is not...
We are now entering Q3 22 for which they predicted will be when demand exceeds true supply for the first time historically. This is now unchartered territory.
@gulfharbour, like all things its hard to appreciate the impact day to day - but once compounded the effects will be great. btw 4m a day equates to potentially 1bn per year based on trading days.....just imagine that.
BP has benefitted greatly from the negative sentiment in regards to buybacks - I cannot think of another company that has been afforded the chance to do such discounted buybacks whilst creating so much FCF, I personally wish the SP would remain a little more depressed for the time being.
I asked this question on the latest earning call - they gave the answer that in most contracts they are protected by fluction clauses however, I was not entirely convinced in the answer. This is not typical is contracts until AFTER an high inflation environment.
Hosai, people should have objectively looked at the IPO
The tech market and general market was in overdrive. Also big IPOs rarely do well especially in the UK.
If people don't want to spend the time researching they shouldn't really be buying individual stocks and assuming no risk
That people blame their own mistakes on others e.g. shorts, IIs, banks, MM, derampers, weak hands, Putin' etc.
The market is the market and people make money if different ways and you should only hold yourself and your own research to account - sometimes you are unlucky, but bad luck can be mitigated in most cases in a matter of ways.
People here complain far too much especially when all they care about is making as much money as quick as possible. We are all self serving.