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2 billion out of 540 billion is very low exposure. These will be in russian focussed funds. It will be the same for all of the fund managers.
grahamsturman
This is my opinion as well. Stephen Bird does seem to have a direction for the company. I think the results are good maybe not spectacular but the divi of 14.6p a year is secure and this can only increase over a 3 year period in my opinion.
In my opinion this share price moves with extreme volatility with very ltlle volume of shares being traded.
It has 2.2 billion shares in issue and a sale of 2 or 3 million of these sends the share price down by 5%.
I think big institutions sit on this share for the divi. For the size of the company the volume of shares traded seems low.
The dividend is 7.3p per share.
I did not think the results were bad at all. The company has a direction and strtegy for growth. It has £1.2 billion in investment in the Indain company and £ 600 million in Phoenix. And still the share fell 4%! I really have no idea why this share reacted the way it did.
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Judging from the volatility, next week this share is either going to rocket up or rocket down. Place bets!
This share is extremely volatile. 2 million share transactions on a company that has 2 billion shares in issue makes it fall by 4%!
Personally I think the bad news is way overdone. My guess is the divi will be kept at 7.3p. The profits will be better than last year dues to cost savings and hopefully there will be new business added.
The company has a £600 mill investment in Phoenix and a £1.2 billion investment in India. I am quite relaxed about a valuation of £5 billion.
Standard Chartered bankers share $1.37bn bonus pot
https://www.theguardian.com/business/2022/feb/17/standard-chartered-bankers-bonus-2021-bank
It is always Jam tomorrow with Bill Winters. The company is run for the benefit of the staff not shareholders. The results are OK, nothing special but they are paying out more in bonuses £1 billion than they are in returns to shareholders. £750 million. So no not happy at all.
The problem is Bill Winters is the wrong person to lead the bank. The bank is run only for the benefit of the employees and not the shareholders. Salary costs are far too high compared to other banks. Hopefully he will leave the bank soon and a more skilfull CEO will take over.
They are not good results. They still have not stopped clients selling up and leaving ABDN Lost over £5 billion. Costs to revenues are still 20% higher than competitors. divi has not increased. I hope a USA fund makes a bid for the company.
It has been a take over target for 10 years. The Mkt valuation is 30% of the net assets on the BS. The chinese would not be allowed to buy it. The Americans see it as risky because of the HK and Chinese link. Barclays and HSBC are always an option but neither want it. Ther is a singapore bank who have been sniffing around, the largest shareholder of SC is also the shareholder of this Singapore bank. That is the most likely option. The best prospect for the bank is to ditch woke Bill Winters.
They are in the bidding to buy part of citibank, asian division. The CEO is quite useless and cannot get any sort of return on the exisitng biusiness so an aquisition is fillling iinvestors with fear. Bill Winters needs to go. Wrong man for the job.
https://uk.finance.yahoo.com/news/why-did-petrofac-share-price-115151682.html
The results are out sometime in April. As far as I know no exact date has been specified. Everyone knows thay will be bad, it is the confirmed orders and the potential we are all betting on.
The directors of petrofac do not give a Flying XXXX about the shorts. It would only be an issue if they needed to do a rights issue. Shareholders should be happy about shorts since they drive the price down so that others can buy cheaply. If it was not for the shorters no one could have bought petrofac at £1.05. IMHO it time the SFO will die a death, the contracts will start flowing and divis will be paid. Where will the shorters be then. This share will fly just maybe not this year.
Like you I am positive about the long term furture but there are going to be more ups and downs.
An awful lot of funds are shorting this stock. You have to question why? Obviously they expect the price to fall.
I suspect the shorts are holding on and are banking on bad Y/E results to be announced in April.
Without fail a company changing the CEO reports flat or deflated results. There is a big clear out which can be explained away. I do not expect Petrofac to be any different. The important figure will be the "confirmed orders".
Do not agree with this.
M&G are up 5% today on the back of an increased dividend and good results.
SLA are down because the results are bad and the dividend has been cut.
For the last 5 years this has beena badly run company.
There is no gurantee and so far no evidence that things will improve.
The trouble is that the Revenue and profits have been contracting for 5 years. It is possible the dividend will be cut again next year. Or as they say "Re-based lower". Until revenue starts to increase which is off the back of assets under manasgement, you have a company which is getting smaller. Contrast SLA with M&G and a blind beggar can see that M&G is the better company. SLA needs to be taken over. It got too big too many employees on high salaries and no one with any balls to crack the whip. Even now the report today comes up with excuses and promises and the same old hashed line of "lets invest in the far east".