Just read a very interesting article in The Phoenix, an Irish business magazine. The author who I have some respect for blames the current low price on Rahuls overcautious management. He feels that selling off futures was overdone, the merger with Capricorn will be detrimental. He does however say the long term price should improve and feels a multiple valuation of current book value is within site.
It all depends on what, if any, war time debt Russia accrues, and how compensation to Ukraine is calculated by the world prior to admitting Russia back into pre war trading arrangments.
In the end only 2 price points matter, what your average buy price is (Mine is 3.25) and what your sell price is . My shares in childrens pension / inheritance fund. No plans to sell at anything around this level, review when over £6 ish
Re windfall Tax, it should be linked to the level of support BP received from government for the Deep Water Horizon episode when BP nearly went bang, also the support for the russian losses when BP followed government requests for sanctions.
SP has all the signs of being range bound 7.25 to 7.60, I do not see it moving up until a set policy on Windfall Tax is made. Once that is known it should allow for the market to find a forward momentum, what we do not want is a policy that includes a government phrase such as " we will review"
Old age is killing me. Best concert ever according to my sister was Heaven On Earth in the Olympia in1967. My father worked there and got her and big bro in on the sly, took them up to the walkways in the roof as they were too young (early teens) to go to concert. Top act was Hendricks. Sis says she can remember in in detail too this day. https://www.djtees.com/blogs/djtees-blog/christmas-on-earth-continued-london-1967
Yorkshireman1954. Saw Dylan in Earls court in 78, I was 16 and went with my big brother, london was in full flower power mode, saw him again in Wembley in 1984 with my girlfriend. Those were the days.