"I used to be very good at chess and Keir is my hero - I agree with everything he says and he's promised me the Chancellor's job if I stop being such a groupie. I'll have to concentrate on Amazon Angie instead - quite a feat leaving school with more children than GCSEs"
Brilliant.
Rodadar - you wrote
MPO818 at 14:15 my Target Price for JOG of £10 per share could easily be an underestimate…
This was an extract from Malcy's blog - clearly you don't (or should that be can't) read posts properly-so on ignore you go.
I will continue to patiently hold, what will be will be.
Longterminvestor
"Maybe some investors would be interested in the 14% total returns that Lloyds can afford."
Try explaining that to an investor who bought at the start of 2023 - They are losing circa 24% of their capital at the current share price, furthermore any investor who bought pre COVID (even allowing for dividends) is losing (if they sell) significantly more. You argument for LLOY being a good investment may carry some weight it the sp was to regain a level in the 60's, but that looks doubtful any time soon. LAST WORD ON THIS.
Longterminvestor
"without buybacks there would now be an additional 12,379,829,989 shares on the market."
and the the cost of the 12bn shares would be on the LLOD balance sheet - enhancing the market value of the company.
Your ffs attitude really does stink - buy backs only increase shareholder value if the sp rises. - I reiterate look at Centrica.
Longtimeinvestor you wrote:
"Lloyds has been steady in a low price range for a number of weeks, which if it continued would be excellent for the next buyback."
The latest completed buyback commenced at over 52p a share and ended in the low 40's and has remained there ever since. So what benefit is in that for shareholders. It is looking nailed on Labour will win the election. With no more room to tax the fossil fuel industry the next best industry to hit is probably the banks. Profits here will be excellent with the higher interest rates and mortgage holders crying poverty, and large buybacks will attract the politicians attention. The losers, well shareholders.
Https://www.investorschronicle.co.uk/ideas/2023/11/23/jersey-oil-s-latest-deal-is-transformational/
Really good to see Serica's final sentence of todays RNS with:
We congratulate Jersey Oil & Gas for having created and progressed the GBA project before recently transferring operatorship to NEO Energy. We look forward to working with them and NEO, including the latter's experienced and well-respected project team."
This what Malcy had to say on 17th November:
I have always said that the value of JOG is significantly above current levels and as progress like this keeps happening that value realisation becomes more visible. The GBA project is of such scale that once it is fully underway my Target Price for JOG of £10 per share could easily be an underestimate…
"Jeremy Hunt aims to boost business investment by £20 billion ($25 billion) a year by unleashing a package of measures on Wednesday including making permanent a 100% tax relief on investment spending by British businesses."
Does this improve any 2nd/3rd FO or does this not apply to the oil/gas industries??
Thanks Dick, all the good stuff you write is well appreciated by me and Mrs MPO (still can't find her purse)
Just received an updated email from WHIreland, can only see the intro which includes what we already know. The report is 9 pages long and needs a subscription. If only I could find that purse!!
I renewed my central heating boiler November 2022, out of necessity, and it was marketed as Hydrogen ready by British Gas.
All the reports I have read suggest Hydrogen boilers will never happen in the domestic market with infrastructure costs and safety being sited as major issues.
Interesting comment from one poster regarding the potential loss to Octopus following this disposal, clearly they see no future for Hydrogen in their markets.