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Tinker,
That's a fair challenge but both are true. I believe in bp's core business. I worked with them in a few countries and they have some very capable personnel and good assets.
I was responding and agreeing with someone who wrote just before me that the bp price was disappointing; it is!
I was offering my explanation for it - weak management.
However, my understanding of the business elements, profit drivers and my rudimentary grasp of technical analysis (looking at the slow march of higher highs and higher lows since 2020) lead me to expect the price of 450p that was bandied will come again before too long. I have some shares that were expensive and many that were given to me as bonuses and rights, dividend reinvestment. I also managed to pick some up for under 200p. My overall holding has recently been in the green and I will make a phased withdrawal, selling some and letting others ride. Hope that answers your question(s).
The problem is that Bernard is a Looney. More concerned with winning diversity plaudits than with running a successful company. Spends an inordinate amount of time trying to distance BP from its British and petroleum roots, hence bp. Likes grandstanding a 'net zero' claim that his 80 year old self will have no accountability for. Meanwhile, doubled his slice to £4.6 million this year. I dare say media agitators and crusty extinction rebellion types will get their way demanding a so-called 'windfall tax'. They've just about managed to convince the public that shareholders have made a fortune holding this. My broker site tells a very different story.
That's not really the point of investing. If you wish to make charitable contributions or do voluntary work that's great. I don't expect bp to slink off when the going gets a bit tough but I know that is the new decapitalised bp; so red-faced are Looney and his sycophants of the plc's British and petroleum roots. Now we are shedding assets in a fire sale. BL took over a 100 bn company and is being very well rewarded to manage its winding up until it is a 20 bn green-washed and pink-washed rainbow-logod virtue shell.
I'm seriously wondering what BA is playing at. I am flying home from the Middle East in a few days and have to use KLM, which isn't particularly bad but I prefer BA and wonder why they can't fly me to UK but others can
I just bought IAG at 209p. I am happy with my technical analysis and fundamentally I think that BA, Iberia and the cargo business will do well in the next 12 months. I think that recent headwinds will mean they end up with a better deal regarding workforce. I will confess I am rather fond of BA, having held the gold card at times over the years, but Emirates, Turkish and others can undercut them for fuel price, staff pay and conditions... and it shows in what they can offer customers in terms of onboard dining, entertainment, upgrades. Many airlines also receive government subsidy too. Safe travels!
If half of this is true, apparently the depositions of a former SBM Legal Counsel, it's dynamite! http://en.wikipedia.org/w/index.php?title=SBM_Offshore&oldid=577742341
Stanelco rings a bell; I vaguely recall SEO. It's probably a good job that I have blanked these memories out, doubtless they were bad.
I just spotted an insignificant amount of money hit my trading account with the description: 'BIOME capital restructuring' or similar. I don't know what this was or when I bought it. What's the deal? It feels like I've been shafted again and just blanked it out so as to remain cheerful.
3 weeks ago (28/5) with the price around 14p I posted that I might sell half of my holding and leave the other half in at better than free. The way things have turned out this would have kept my foot in the door and I could have topped up at the Offer price of 7.5p. D'oh, should’ve gone with my instinct.