Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Nice Post markgo, this is interesting. I hope Russia don't push Saudi too much that they are forced to teach them a lesson again. Personally I think/hope they will agree to further easting of cuts amounting to 650,000 per day
Gav, it returns value to shareholders, and is especially beneficial with regards to tax. To the extreme if the company buys back all the shares and cancels them till there are only 100 shares in circulation and I own 1 of those shares, I now own 1% of the company 6 or so billion. Honestly without being rude, I don't need to Google how buybacks work, I really do think you are mistaken in your understanding. I'm sure we have this discussion weekly lol
Gav I'm interested, should looney raise the dividend and not continue with his investment into green energy, then if oil price drops should he then cut the dividend again? Your so concerned with the short term and a dividend increase. I'm glad your not running the company or there would be nothing left in a few years
Missed this yesterday, but as most on here thought, the reason for the drop yesterday.
I personally think the new delta variant, my help opec to air on the side of caution and release less than expected to market.
https://oilprice.com/Latest-Energy-News/World-News/Oil-Falls-Sharply-Ahead-Of-OPEC-Meeting.html
Who do you use as your broker and how much per trade? I currently use HL, but funds usually in my account the same day if withdrawal is requested before 12
If they don't do something with regards to the oil price, us shale may come back online. Any increase in production by opec should only produce a temporary blip to the oil price and I personally view it as beneficial if it keeps us shale taps off. Oil price of 60-65 is perfect imo
Today 16:58
Friday Club entry added.
Wmmg £3.11
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Anyone who invests on someone else's say so, especially a leveraged investment, will be parted with their money at some stage. You can give your opinion without being aggressive or name calling.
Happy did you invest in crypto in the end? For your sakes I hope not, its plummeted since you said about it.
Gav, as you won't take looney's word for it that he has reset the dividend to this level, simply explain to me how they will pay for the dividend to go back to its pre covid levels?
Do you really think they raise the dividend while returning 60% free cash flow to investors via buyback, and pay down debt, while heavily investing in green energy all while reducing oil and gas production by 40%
Add to the fact that the previous dividend was funded by borrowing, and the current questions regarding future covid issues and the acceptance that demand will aggressively fall as economies switch to green energy.
Wouldn't you rather a resilient dividend and investment for future growth?
His job is not to return short term returns to shareholders but to safe guard the buisness as it transitions while returning reasonable returns to shareholders imo
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Joke------- WMMG ---------
It's meant to illustrate the joke going over my head. *face palm*
My apologies big, I based it on my first purchase, rather than work it out everything the sp moves or the exchange rate changes. I take your point, although I'd hardly call 1% difference a mindless ramp
Salesale, resilient dividend at around 6% future buybacks on par with dividend distributions, significantly higher oil prices than budgeted for, returning demand for oil with globally decreased production giving weight to even higher oil prices, one of the more advance majors with regards to their green energy transition. There are alot of positives with bp and the current climate they find themselves in.
I hate the mindless ramping of the share and talk of things that have been, pretty much, categorically ruled out like dividend hikes. But disasters aside you can't say bp doesn't have another 20% in it plus returns to investors
Japanese yen, its where I imported my car from, I know the currency. So your incorrect again. I'm not sure why your trying to come for me, maybe iv offended you? In future double check the thread your replying to especially if your going to call someone out, and if your going to correct someone do your research first to save embarrassing yourself again
The article I was referring to was the one by economicwatch.com not the one by reuters, they wouldn't make such a mistake hence why the have such good credibility
Tell you what chitty, ill have your shares off you for 330 per share.... but thats yen since the currency doesn't matter to you. If they can't get the basics right, then no, to answer your question I don't trust them
Bpinvestor I personally wouldn't take interest in an article that can't be bothered/doesn't know the difference between $ and £. The article its also factual incorrect. Although it does contain some correct information, I'd give it the same credibility as an article by motley fool
So many errors in this article its criminal! You would have thought they would have been able to get the conversion from usd to gbp correct or at least use £ $ in the correct places for a start
The dividend IS declared per share, then calculations can be made as to the cost to the company. Obviously more buy backs decrease shares in circulation and thus cost to company paying future dividends. But none of this increases dividend, don't more the goal posts, of course increase in the sale price of the product we sell will increase profit. Share buy backs don't increase the dividend as you incorrectly stated. You're trying to argue your point by saying share buy backs return value, or higher prices mean more profit... both of the latter I obviously agree with. How ever you look at it share buy backs don't increase dividends. That's a fact mate. I'm not trying to be rude and you can be as perplexed as you like but I'm not stating an opinion. Obviously you can't be convinced, I was just pointing out something to you, if you don't accept what I'm saying that's fine. Have a pleasant evening
Nobody said buybacks don't return value to shareholders, im just taking issue with your point that buy backs increase dividend, they don't. If you feel like we're going round in circles, that's how many feel when dividend hike is mentioned weekly.
Lickr, if I have 10,000 shares in bp. And they have set the divi at 5.25 per quarter. They then do buy backs of any amount, my dividend won't me any more or less. The only thing that increases the dividend is an increase in dividend.
People talking about back to a full dividend.... this is then new level. Let go of the past. If if rises then fantastic for everyone invested but continued talk of a rise is just nonsense when it's been told to us, for the foreseeable future this is the new level. Buy backs should equal dividends anyway