The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Malcy has a 20p target price. https://www.malcysblog.com/2023/12/oil-price-zephyr-wentworth-challenger-and-finally/
FYI Sunday Times story on California's Attorney-General: https://www.thetimes.co.uk/article/california-goes-to-war-with-big-oil-over-climate-change-9z60h7660
But before he moves on, he has gone hunting for the biggest scalp in the corporate jungle: Big Oil. In September, Bonta filed a 135-page lawsuit against five companies — BP, Shell, ExxonMobil, ConocoPhillips and Chevron — as well as the American Petroleum Institute (API), the lobbying powerhouse funded by those companies.
Bonta reckons he has uncovered “smoking gun” evidence and that dozens of states are about to join the fight. The goal: to force the sector to fund a huge climate “abatement fund” similar to the landmark $206 billion fund agreed in 1998 in a Big Tobacco settlement.
Letter in Daily Telegraph today on the pilot who successfully extricated a British Airways Boeing 747 from the jaws of disaster in 1982... Sir, Eric Moody was my guest speaker at a meeting out of the Rotary Club of Chertsey. I recall that he felt he owed the survival of the passengers and crew to the Rolls-Royce engines. Dennis Fuller, Lightwater, Surrey
Very basic question in case anyone can help. On LSE's share trades, (1) how can total sold outnumber total bought - or is the balance held by market makers and/or WMs who hold them to trade on? Also (2) does #trades refer to actual trades or trades on, e.g. the London Stock Exchange, so ex, say, Aquis? Thanks!
Business leader in Sunday Times yesterday: "In the meantime, the world needs to keep the lights on. Oil and gas, combined with renewables, are a key part of that, particularly if they can be produced cheaply enough to cut the use of dirty coal in power-hungry India and China." https://www.thetimes.co.uk/article/oil-and-gas-giants-should-do-what-they-do-best-and-drill-baby-drill-wz8k5wjcs
No thank you. Our Turkish friend may be riding high - every dog has its day - but let's not 'partner' with the Yanks (i.e. sell off) the crown jewel of British engineering quite yet, whatever the more venal elements in the City might want. First, British companies are priced at a fraction of their real value due to the appalling management of our economy, so long-time, supportive investors will be f.., er, let's say, 'disadvantaged'. Second, why trust Americans, who seek to extradite and jail our business leaders on deciding some time after, aided by our Government and judiciary, they don't like the deal they signed? I'm watching this. The Golden Share was created on privatisation to protect our defence interests, but I've long wondered how long this would stand up to a Government both humiliatingly anxious to please Uncle Sam, and unwilling to protect our precious industrial heritage and future. Times: https://www.thetimes.co.uk/article/rolls-royce-is-on-a-high-amid-talk-of-partnership-mlgl7bq5n
https://theenergyst.com/eqtec-gets-billingham-ducks-in-a-row-prepares-clients-to-be-billing-em/
ICYMI Oliver Shah, Sunday Times, yesterday: "Shares in Rolls-Royce spiked on Friday afternoon in response to takeover speculation by the cheeky financial blog Betaville. Even as the war in Ukraine stymies equity-raising activity, private equity continues to prowl the public markets for targets — as per recent interest in Pearson and Ted Baker."
You have to post as soon as you know. I'm sure many '7ams' were known for several hours the previous day or even earlier. Reid is avoiding the creation of a false market - shows that unlike some, he respects the disclosure rules.
When the RNS says, '... to temporarily pause activities to prepare clinical supplies for ACTIV-2 Phase 3 until ...', does this mean 'pause activities so you might prepare clinical supplies', or 'pause preparation of clinical supplies'? Very unclear language!
No idea if I'm right but I SENSE this CEO is carrying out a slow, steady strategy focused on incremental progress, political reality, building credibility and cost control. Being 90% down and a sceptical believer, I hope I'm right.