Member Info for ocelot

scoredagainsteps 163
Boyobach 165
Bunks 176
Leem1 178
Ammu 180
Withoutt 181
Dodger777 184
Hawkey 199
Prime 200
ocelot 205

Let's see what happens re Trump's tariffs against Mexico.

Apparently, he didn't just take the markets by surprise, his own team wasn't given any forewarning either.

A number of major US corporations stand to suffer directly from his tariff action.

The figurative use of the term 'bottom drawer' to refer to the items that a woman stores in readiness for marriage began in the 19th century. It was certainly in use in Cheshire by 1886, as this entry in Robert Holland's A glossary of words used in the county of Chester [Cheshire] shows:

"If a young woman were to buy a set of tea things, or a tablecloth, or what not, and were asked what use she had for such things, she would answer, 'Oh! they're to put in my bottom drawer.'"

BASRA, Iraq, May 31 (Reuters) - Exxon Mobil employees will start returning to Iraq’s West Qurna 1 oilfield on Sunday after the company received assurances from Iraqi officials that its staff would receive extra security, two Iraqi officials told Reuters on Friday...

https://uk.reuters.com/article/usa-iran-iraq-exxon/exxon-foreign-staff-to-return-to-iraqi-oilfield-with-extra-security-officials-idUKB2N22S020

confirming all resolutions passed at the AGM.

Oil came off a bit further last night in the US, but, for the moment, the impact of the news of Trump's Mexico tariffs appears to be somewhat muted.

Iranian May crude exports dropped to less than half of April levels at around 400,000 barrels per day (bpd) after the United States tightened sanctions on Tehran’s main source of income. Iran needs to export at least 1.5-2.0 million bpd of crude to balance its books.

“We see an abundance of escalation risks in large part because the U.S. sanctions are subjecting Iran to almost unprecedented economic pain,” said Helima Croft, managing director of RBC Capital Markets (from CNBC report).

US oil sanctions against Iran seem to be very effective.

The question is, having put Iran in this situation, what does the US want to see happen now?

Tartine,

Personally, don't know what to make of it, because it's a problem that has been going on for so long and because the interests involved are so complex, with regional implications.

article dated yesterday:

https://www.al-monitor.com/pulse/originals/2019/05/iraq-kurdistan-oil-kirkuk.html

Likewise :-)

When you've got as many options as he has, the purchase of 1 share is a bit pointless.

So you're the one who's been depressing the share price, bladesharp! :-)

Holding, but unhappy with their performance!

Personally, happy with their dividend policy, wouldn't want them to pay out too much!

And the market's response to date HAS been surprising: the dividend policy should have made the stock an investment candidate for a range of income-hunting players.

Unfair comment.

The dividend policy is very recent: I expect management is as surprised as we are by the market's response, to date.

A reminder: "Genel also continues to pursue further growth
opportunities".

Topps Tiles (TPT) has doubled its addressable market size by entering the UK commercial tile space and Liberum says it is on the right path to emulating its success in domestic tiling.

Analyst Adam Tomlinson retained his ‘buy’ recommendation and target price of 95p on the shares, which fell a penny to 72p yesterday.

(from Citywire)

He said the move into commercial tiles doubles the addressable market size to over £700 million and ‘the highly fragmented sector offers an attractive opportunity to take share and supports management’s ambition to become the number one player within five years’.

‘The group is augmenting its two acquisitions - Parkside and Strata - by leveraging its existing scale and supplier relationships, while investing to grow the experienced sales teams,’ said Tomlinson.

He added that a tour of the new showroom showed it was ‘already demonstrating the same expertise, strong customer service and high quality, innovative products, which have driven Topps’ success’.

It's a marathon where, at times, the runners go backwards!

Don't agree, Leem, it should be £3.50 :-)

He's been CEO less than 2 months, since 8th April.