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With fracking the uk could be self sufficient and not require shale gas from US. Rediculous that MPs cannot see that as a benefit.
Bring back Fracking! Our UK energy costs reduce for several years, we stop buying gas from abroad and this will be £1+ again.
Simultaneously develop green energy. Its about time the UK looked after the UK.
Sorry, £14k not £14...
It would be good to see some improvement in Std Life pension funds. This year they reduced mine overnight by MORE than the contributions made in the previous 12 months?? That is a 'with profits' fund. Miserable performance yet the same type of policy with Pru has the same value, both having started 33 years ago, but £14k more paid into Std Life. That £14 has gone somewhere.
No logical explanation of why the shares have dropped. Fingers crossed things are looking up. Yes the massive peak was caused thro tory chaos of allowing shale production then removing it, but nothing since, apart from allowing more oil extraction and icreasing our dependency on gas from abroad!!!
Be careful with any financial aspect of this company. My pension fund after 33 years is 78k. I have paid 14k less into Prudential over exactly the same period and it is also £78k. That's £14k into someone's pocket at Stad Life/Abrdn. Fees Fees Fees....
If they had bought back £300m of shares over say two weeks, it would have crashed to levels around its current level, then we would have seen its real value. Instead they have shrewdly dipped in at a snails pace so now buying more shares at a much lower value. On the one hand getting a good price but if the 300m committment is genuine then they will buy loads more shares to cancel.....so will the divis be even greater? I have lost so much in a month that divis will take 20/30 years to pay for it. Just horrible fund managers. People buying now however might gain. My std life pension has grown at a low rste over 33 years. It would be much higher if I had saved income after tax and just held in building societies.
Agreed, strange that they are trusted in looking after our money (pensions etc) but can't look after their own. At least if the buy back fund is fixed at 300m, it means that even more shares will be removed from the market with them being so cheap.
My wife transferred 500 shares over to me 3wks ago. Now down 30%. I didn't think it would crash the company!!
30% drop in 3 weeks. Useless Directors, poor fund managers and one of the highest fees in pensions. Rip off.
Agreed. Shambles of an organisation. I also have a with profits pension with them with 33yrs contribution. Its value is same as a Pru pension for only 60% of the contributions. Std Life bonus lowered yet again on 1 Aug.
I take offence at 'brain dead'. I could simply be deaf. More to the point, I have invested whilst Liz Truss was in power so that My losses are gains for others. I am charitable by nature.
I now know why I don't trust anyone who works in the financial sector.
I bought iGas prob 10 years ago at the £1 mark. After a rise to around £1.30 they dropped dramatically and were so low, like 3-5p they were adjusted to about £18 a share and holdings reduced accordingly. In theory no loss/no gain.
This might be where the £18 valuation occurred. Never the less they remained very low over the years after the demonstrations over shale.
I have now averaged down to about 48P and hope to recover all of my losses and more. once they reach that which I think might be in the next month. At that time I will decide if it remains as a long term investment, assuming that 12 years isn't classed as long term already!