The FTSE

[ChicagoBlue]

BP down 7% now!

 

[west didsblue]

BP down 7% now!

Doing fairly well if effectively writing off a £25bn asset only drags the SP down 7%.

 

[ChicagoBlue]

Doing fairly well if effectively writing off a £25bn asset only drags the SP down 7%.

Non-cash “Foreign exchange” and difference between “fair value” and carrying value” isn’t a “real” $25Bn loss on a $100Bn market cap!

In fact, in writing down those “losses,” they may manufacture significant offset value from them!

Next year people will be complaining they didn’t pay any taxes on $15Bn profit!! ;-)

 

[west didsblue]

Unusual day for me.

My shares are up 3% whilst the market is down 1.5%. Defence and Hydrogen more than offsetting everything else.

 

[NorthamptonBlue]

BP going to find it difficult to offload that 20% stake in Rosneft!

Down 6% now.

I used to work for them and was in the company share scheme. I ummed and aahed before selling them at £6.30 a share. I had quite a lot and bought a house cash with the proceeds. Probably the best financial decision I’ve ever made.

 

[Gareth Barry Conlon]

Doing fairly well if effectively writing off a £25bn asset only drags the SP down 7%.

You have to remeber that the other assets that BP will be sat on will be going through the roof. And wile they are 'forced to sell this stake' they haven't sold it yet and it will still have some value. Always some shady characters somewhere willing to step in. The currency thing is a flat loss but as i said others assets they hold will be massively up.

 

[AlgarveBlu]

Unusual day for me.

My shares are up 3% whilst the market is down 1.5%. Defence and Hydrogen more than offsetting everything else.

Yeah likewise - Got BAE at 4.96 that has gone through the roof, think that's got a lot of legs with the German military defence spending announcements though and BP down by 6% but still considerable above purchase during the pandemic.

Don't really give a fuck either way though in light of the insanity and suffering that is happening now although I wish I had taken a short position on a Russian money market currency fund, that's a profit I would have really enjoyed!

 

[Millwallawayveteran1988]

A very strange day today on markets. UK and Europe ended relatively flat after a poor start in Europe. However, they closed when the US markets were on the up. They are currently on the dip so will be interesting to see how that ends. I’ve been reading today that some expect this to lead to Central Banks curtailing their plans to increase rates and tighten policy which will generally be good for equities, particularly growth orientated funds which have been hit hard recently. They obviously aren’t taking Putins Nuclear threats seriously.

 

[west didsblue]

Bad news for the world.
On the basis that I've predicted that tensions with Russia are peaking today I've flogged a load of BAE Systems shares on the basis that when tensions ease so will the share price.
My share price predictions are invariably wrong so I suspect the price will soar tomorrow meaning tensions will be even higher.
At least I'll have a couple of weeks to spend the money!

 

[AlgarveBlu]

Bad news for the world.
On the basis that I've predicted that tensions with Russia are peaking today I've flogged a load of BAE Systems shares on the basis that when tensions ease so will the share price.
My share price predictions are invariably wrong so I suspect the price will soar tomorrow meaning tensions will be even higher.
At least I'll have a couple of weeks to spend the money!

Motley fool have taken the same position as you today - you should of called me I would have taken them off you at mid price ;-)