Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
My very very simple take on Vod buybacks is
If you think sp is currently over valued buybacks at this price are a disaster
If you think sp is close to value buybacks are fairly neutral.
If you think sp is under valued buybacks are a good thing at these values of sp.
My personal view for what is worth ( probably very little) is that buybacks at these prices are roughly worth buy one get one free, as I believe a fair value is about £1.40.
I expect these low levels of sp to continue even during buybacks ( sell in May and go away).
But only time will answer that.
These personal views are only that, ( an opinion and may or may not be what actually happens)
Hi Gingy
“BP will be impacted by downtime at Whiting and Freeport LNG".
That should not be a surprise as it’s well known,so expecting a reasonable announcement,due to oil price, but not spectacular.
It’s what the market makes of it that counts.
But markets are meant to be forward looking and with oil above $90 it’s easy to feel optimistic about the rest of the year.
But that can change in a moment
From Proactiveinvestors
If it is anything like Shell’s update on Friday, BP’s first quarter numbers on Tuesday will be a low-key announcement.
The upshot from Shell is that gas profits are falling following the bumper returns it saw in 2023, but otherwise, trading seems solid enough.
Something similar is likely from BP though analysts at Jefferies said that "BP will be impacted by downtime at Whiting and Freeport LNG".
BP has already allocated US$3.5 billion for share repurchases in the first half of 2024 and has set its sights on executing buybacks of at least US$14 billion (£11 billion) by the end of 2025.
In other words, BP is aiming to redistribute at least 80% of its surplus cash flow back to its shareholders.
Again, quite a few billions not going towards green investments (in BP’s defence, it has been fairly candid about scaling back its green-transition targets); something that has angered its critics.
Div yield last 10 years
https://www.dividenddata.co.uk/dividend-yield.py?epic=BP.
WP
Is this what you are referring to posted by Boyobach
Oil Price isn’t the problem here: BP is underperforming, particularly since May2nd last year.
https://invst.ly/13me5v (chart of BP against Brent and Shel over 5 years)
OP is well above 2019 levels, when BP was around 550 with Brent at $66 .
It’s not just BP all my shares are down.
Market down 80 pts.
Sp not important short term as long as it can stay above £5.
It’s all about the oil price and earnings for now.
Although $90 oil will start to affect inflation again.
Https://thedmonline.com/in-deep-water-former-executives-discuss-bps-crisis-communication-strategy-in-the-wake-of-the-largest-oil-spill/
This is looking back at gut oil spill communication
It has finally happened. In trading on Tuesday afternoon, the UK’s FTSE 100 index finally closed in on an all-time high. It hit 8,015 points, itching above the previous record closing level of 8,014 set in February 2023 – even if it was still a whisker below the intra-day trading record of 8,043, also from February last year.
With stock markets rising around the world, at some point this week or perhaps next, the FTSE 100 will be setting fresh records daily. We may even be treated to one of those self-congratulatory tweets the Prime Minister, Rishi Sunak, specialises in. The trouble is, there is nothing to celebrate. In reality, the FTSE has been a dismal disappointment. Nothing will change that soon.
Finally punching its way through the 8,000 barrier is a milestone of sorts. And yet, measured over a longer time period, it is barely an achievement. At the end of the great bull market of the 1990s, after rising strongly for years, the index closed the decade at 6,930. It has taken the best part of a quarter of a century for it to get from 7,000 to 8,000.
A comparison with other major markets is sobering. The tech-heavy Nasdaq has gone from 4,000 to 16,000 over the same period, while the more broadly based S&P 500 has gone from 1,500 to 5,200. Closer to home, Germany’s economy may not be in great shape right now, but the benchmark DAX index has still risen from 7,000 to 18,000. Even France’s CAC-40 has managed to rise from 6,000 to 8,000 – double the gains of the FTSE 100. By any measure you care to take, the London market has badly underperformed its peers. In reality, it should have hit at least 15,000 by now, and possibly 20,000.
There is little chance of that changing anytime soon. Taxes are already at a record high, and with a Labour government about to take power they will almost certainly go up even more. Indeed, the party may well steeply increase capital gains tax, which would hit the stock market hard. Meanwhile its plans for ‘directing’ pension fund money into start-ups and green industries won’t help the established giants of the main index.
The FTSE’s poor performance over so many years means London is now a relatively unattractive place to list equities, and most high-growth companies prefer New York instead. Added to this, there is little sign of the UK’s dismal growth rate accelerating, leading to the improved performance of domestic stocks. Sure, with interest rates likely to come down over the summer, equities will get a boost. It would be a shock if the FTSE 100 was not at least hitting 8,500 by the time everyone leaves for the holidays. Even so, with inflation, record highs are inevitable. They are nothing to celebrate – in fact, this one is simply a painful reminder of how dismal the UK stock market has become.
Https://oilprice.com/Energy/Crude-Oil/Dont-Believe-The-Critics-OPEC-Cuts-Are-Working.html
Morning Spights and Nightpusher and all
Glad you are getting better weather than me.
You don’t live in Scotland without being used to a wee drop rain.
However with BP over £5 I can put up with most things.
I know 2 days do not make a quarter, but it’s a very good start to the quarter for the oil price and sp.
It’s actually very easy to feel optimistic.
Spring is in the air ( in Scotland that usually means snow in a couple of days).
Onwards and Upwards
Hopefully the £5 holds this time.
Oil is very strong.
Maybe some held off reinvesting div to wait for new tax year,which is only days away.
Some new money in then might also help.
Lots of reasons to be cheerful.
Just not the weather it’s raining