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It would seem to be down to diversification as oil becomes less important. Dubai has no oil left but is still very successful because it has diversified.
Shell are moving gradually into renewables. Some want to move far too rapidly. Shell management are just saying to do it smoothly and gradually.
EVs only by 2030 is very punchy. Unlikely we'd have the generating infrastructure in place for that number of EVs around the country for 65 million plus people. Recharge times are also too long for charging on longer journeys. Too many impracticalities.
We'll still need oil for plastics and other uses. We'll still need oil worldwide for transportation as other countries aren't bringing in such time limited restrictions on petrol and diesel powered vehicles.
Very quiet on here after the speeches in parliament criticising HSBC for their freezing of an account concerning the Hong Kong situation. The SP has dropped significantly today on the back of the speeches. HSBC need to get their act together to avoid further damage. Unfreezing the account for a start.
PATT did sufficient research to slant his argument against EUA. It happens often and will catch out the unwary. Unfortunately the unwary can buy or sell shares like the rest of us and will be influenced. He is a keyboard warrior who finds warped pleasure in messing with peoples minds on forums. He's the downside of social media. He needs to be ignored but social media has shown how they can be successful.
A disgruntled ex employee / contractor who asserts the company wouldn't listen to his strategy? Who knows if you were right or wrong in your assertion Snapper but you were contracted / employed by PFC. You suggest a strategy and they decide whether to accept your point of view or not. They have the big company picture. You didn't. Your job was to produce a strategy and to put it to the company. It's not your position to insist on it. There are many other considerations for the company than just your narrow strategy.
I, of course, am giving you the benefit of accepting your involvement was to produce such a strategy. You may just be an opinionated contractor.
Morning all. Agreed Alex. The fact is the company is only in full control of the acceptance of the final sale price. It's disappointing to see the SP dropping on such news but the market can't mess with the final sale price. All the evidence to date with this BoD is they get things done. A final sale, or partial sale of MT, is coming.
Look at Crude trader's history and his posting last October. He's clever but just plain wrong.
This placing is at the current SP and with no discount. Now EUA hold all the negotiating chips for whichever direction they wish to go.
If they're happy to get just 1% on a 47 million investment. There are better opportunities elsewhere. I suppose someone or some institution may have 47 million to park up temporarily. In that case Shell is as good as anywhere.
At 12.38p that's a tad over 1%. 4% would be for the whole year.
I used to post here a lot but have not done so for some time as there's been a lot of nonsense posted. Recently rowka has appeared and has posted some good research but has progressed into some extraordinary values for the sale SP. I would only wish they would come true but they appear to take the overall value of palladium as the overall value when there are many years of mining to be done and many roubles and dollars for a buyer to spend to get the palladium. It is surface mining only but a large amount would have to be spent on equipment, processing plants and for employees over many years.
I originally considered around 30p would be a good final figure, when the SP was around 1p, but have now realised the figure should be at least around the ACF figure from their 3 February research article. That concluded a figure between 54.8p and 60.6p. It may even reach 78p. However if the BoD hold out for a much higher figure they may end up with no sale and have to resort to the Sinosteel agreement and mine it themselves. That will require somewhat longer for the SP to achieve a higher level than it currently is.
I presume you're replying to me, although I didn't mention 2 months. I said a few months.
Shell is a strong, investor orientated company.
Years or maybe never? Governments putting caution before economic implosion? Let's just all of us just go out and top ourselves now should we?
Look at other companies. I suggest Shell stands up very well against them. Take your choice. If you don't want to invest in Shell then don't invest in shares. Put your money in a bank with between zero and half a percent interest. Up to you.
I can understand the frustration of long term investors in at £24 a share but Shell is a very solid company and will bounce back. It is paying some dividend, albeit about a third of normal, but will return to normal business in a few months and the dividend will also bounce back. It's not an AIM stock. You're not here just for capital gain. You're also making a dividend, which will improve as things return to normal.
Interesting logic from Steven. Because not everyone took up their allocation it therefore wasn't oversubscribed. What? Oversubscription refers to the requested number of shares exceeding the maximum available. That's it. Simple. And that's what happened.
The flu vaccine only lasts a year. What's the issue with Covid 19 antibodies if they only last a year? Just get an annual vaccine.
Of course Shaun. All of that is true. I was just looking at the only way a broker could say someone couldn't take up the Open Offer.