Hello, Share Twiddlers. As this venerable old punter has occasionally recommended Royal Dutch Shell (RDSA) on this dazzling website, I’m cheered by some interesting news at the weekend. Shareholders voted to move its headquarters from Holland to London. As shareholders will enjoy some jolly benefits from the move, the result was never much in doubt.
I would never fire Malcolm or indeed any writer here for what they write (within reason). This website believes in free speech so folks can say what they think even if it involves a brutal attack on a company in which I own shares. That is why, I think, our writers enjoy working here rather than on other sites where they would, I am sure, earn more. However… for a brief millisecond today, Malcolm pushed me hard…
Hello, Shares Graders. After a grim week on the stock markets, let’s not forget it’s the future that counts. And after this current correction, which the City blames on covid fears, even though new vaccines will trounce them, the outlook for shares has probably never been so promising. But we still need to be aware of an important trend that will eventually cause many shares to go over a cliff.
Buying shares in a large company which seems to be going through a rocky patch is always a risk, as in some cases these companies never actually manage to recover, but if you do get it right it can be very lucrative and Covid appears to have helped to create some good opportunities. Energy provider, Centrica (CNA) has performed terribly over the past six or seven years and anybody who has held it as a long term investment during that period of time will be sat on a sizeable loss. Even prior to the arrival of Covid it was already in a downwards spiral with high levels of debt and falling profitability, but the virus accelerated that and even though the markets and many energy shares have recovered to some degree in recent months, Centrica is still trading closer to the lows with a share price of 44.8p…
I guess I should offer my congratulations to BP (BP,) chief executive Bob Dudley who next February will retire from the position (and the company) after the thick end of a decade in charge. Some of the plaudits I read about him being the man 'who saved' BP after the Gulf of Mexico debacle are a touch wide of the mark, but certainly he was a force for stability and continuation. BP shareholders loving up their edged up dividend over the last five years will no doubt agree.
As I flagged up over the weekend, in a desperate attempt to keep the fraud from becoming insolvent, African Potash (AFPO) has proposed a RTO of a company called Onshore Energy Limited, OEL. Lyin' Chris Cleverley Potash's boss is also a director and shareholder on OEL. But it gets worse. Much worse.
Hello Share Spikers. I do like a firm with a novel idea which seems to have potential. It makes share-shifting a lot more exciting when we can find a company which offers a different kind of service which seems to work. I refer you today to Inspired Energy (INSE).
Producer of the “game-changing” Flow boiler, Flowgroup (FLOW) has released an AGM statement today. I generally avoid environmental stocks as I consider them to be a fad which exist thanks to short-term government policies, but let’s see if my prejudice is unfounded in this case.