Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agreed it’s a very low bar to hold him to.
But it’s just a start.
Too many times £5 has been normal for only a few weeks or months.
I believe the fundamentals support higher.
If we get a take over sp will be way higher.
If Murray is to defend against a take sp has to be a lot higher.
£5 for now.
As Cong said yesterday £7.77 sound good
It’s just when we get there.
When high £5 becomes normal again I will want £6.
At these oil prices it should not be so hard to defend sp.
Perhaps I should have said for now £5 has to be seen as a measure of success.
In previous rounds of buybacks recently they have paused buybacks at times.
I would like to see them dropping volume of buybacks daily by about 25%.
Just to have some extra volume to use if we need to defend the £5.
Think £5 has now to be a measure of our new CEOs success going forward.
As long as he can keep sp above he looks like a success.
( obviously £6 would be even better,but little steps first)
Would appear for now that the risk premium on oil due to the Middle Easr has been dropped.
Hopefully wiser heads prevail .
Bid premium looks like it’s also gone currently for BP despite some press over the weekend.
Several commentators seem to think BP may now be in play.
For now we can just focus on the fundamentals ( which are not too bad).
Only important thing
Hold £5 at any cost
Nice end to the week
It’s never wrong to take a profit
Nice to have a wee take over story to run and run.
It doesn’t matter they said no,it will inspire lots of match making,which could lead anywhere( hopefully at the very least to higher prices)
Unfortunately the Middle East looks like it will deteriorate very soon.
From a poor start point to.
Think you would have to be very brave to short oil currently.
Https://www.reuters.com/markets/deals/possible-bp-bid-highlights-london-sale-scenario-2024-04-12/
Https://www.republicworld.com/business/bp-takeover-is-both-appealing-and-daunting/
WP
One more bear case .
The famous sell in May and go away.
This time does feel different.
But I have lost count of the number of times I have used that after we get above £5.
When in doubt sell half.
But I know you will wrestle with it and make your own decisions
There is always a number that you decide will make you sell
( although personally when we get there I often try for just a little more)
Getagrip
Very true.
It’s a nice problem to have.
We hit £5.37 and all I did was moan.
Maybe I’m turning into Gingy.( only joking, you have been good since we hit £5)
I will be fine after my holiday
Feeling slightly underwhelmed by the rise in sp.
£5.30 s is nice to be back to, but we were here in October.
Plenty of headlines about the fact BP was looked at.
Maybe we need some headlines in the weekend papers saying we are worth £x.
Ps hope x does not equal £4
Https://www.energyintel.com/0000018e-cce2-d9cc-abce-fff60de20000
I would say if Shell have any thought of BP this would make them have to decide.
I would think that if it’s even being discussed at Shell, they would not want someone else to get it cheap.
They are also the one company that probably would have little political problems buying BP.
And if they are not discussing BP behind closed doors, they better start.
Morning Spights
Stay calm ,at least until market opens.
Then hopefully Yehaaaaaaaaaaaa to some wonderful sp.
It used to be said that a report like these would put a company in play for a take over, as others would suddenly feel they were missing out.
You do often see a second bidder still appear for a company no one wanted last week.
Interesting times.
Onward and Upwards
WP
It did happen in 1987 after the government flotation.
The Kuwait Investment Office (KIO) announced on 18 November 1987 that it had, in fact, snapped up 10 per cent of BP.
The government made BP buy most of them back.
Who knows what would happen now.
Hi Spights
Just noticed I got a special Good morning this morning.
Been rather hectic
2 granddaughters had sleep over last night.
Been a long 36 hrs.
Especially the bit since woken 06:00 hrs.
They go home in 90 minutes.
It’s been fun, but I’m shattered.
I need a holiday.
On a BP note the steady foundation building for the next leg up in sp is encouraging.
Oil price still deciding what the new range is.
Personally think it’s in the Goldilocks range just now ,not too high( $90 is just perfect).