What’s your big gamble? (Volume 4)

What’s your big gamble? (Volume 4)

Author
Discussion

ferrisbueller

29,320 posts

227 months

Wednesday 25th May 2022
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They said Q2.....squeezing it in!

Luke.

10,991 posts

250 months

Wednesday 25th May 2022
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Sorry Ferris, deleted my post..... hehe

For some reason I thought it would be sooner.

ferrisbueller

29,320 posts

227 months

Wednesday 25th May 2022
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Luke. said:
Sorry Ferris, deleted my post..... hehe

For some reason I thought it would be sooner.
There was another to and fro with the SEC which delayed it I think.

Luke.

10,991 posts

250 months

Wednesday 25th May 2022
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ferrisbueller said:
There was another to and fro with the SEC which delayed it I think.
Yeah, round 8 or something.

Luke.

10,991 posts

250 months

Wednesday 25th May 2022
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I'll be honest, I'm finding ARVL rather more exciting at the mo. The upside there, especially given the Indian interest this week, could be quite big.

ferrisbueller

29,320 posts

227 months

Wednesday 25th May 2022
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Yeah, it's drifted again. Buffet's brave/fearful wisdom may apply. Might invest some of my recent dividend income.

Abdul Abulbul Amir

13,179 posts

212 months

Thursday 26th May 2022
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g4ry13 said:
Following yet another mass shooting in the USA, Smith and Wesson appears to be up 8%

I honestly don't get why the shares are going up when people are calling for more gun control.
Because when theres a risk of gun control people stock up on guns....panic buying.

g4ry13

16,983 posts

255 months

Thursday 26th May 2022
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I expected BP to have a bit of a tumble this morning based on the windfall tax which is being spoken about.

ferrisbueller

29,320 posts

227 months

Thursday 26th May 2022
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g4ry13 said:
I expected BP to have a bit of a tumble this morning based on the windfall tax which is being spoken about.
I think it would set a horrible precedent.

How much profit is it acceptable for any company to make?

We've been spoilt with cheap energy. Maybe now we'll take it less for granted.

dapprman

2,316 posts

267 months

Thursday 26th May 2022
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BP and Shell are both presently up slightly on the day. I would be more concerned over whether they stay UK based companies - after all Shell's exit from the Netherlands, where it was also listed, suspiciously happened after the Dutch government said they were going to do a similar windfall tax. Still I'm only in for the dividends and neither are that great these days.

Harry H

3,398 posts

156 months

Thursday 26th May 2022
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Looked at my shares in BP this morning thinking I was going to be too late to get out before the dive due to the tax and was surprised they'd actually risen.

Funny old game.

Berry10000

119 posts

102 months

Thursday 26th May 2022
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Had a dabble on cleantech lithium (CTL) a couple weeks ago in the hope that green production of battery materials becomes a big thing. Having a good run last couple days so seems a potential good punt?

Want to be announcing some drilling results by mid year. Could be one to watch?

Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!

Luke.

10,991 posts

250 months

Thursday 26th May 2022
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Berry10000 said:
Had a dabble on cleantech lithium (CTL) a couple weeks ago in the hope that green production of battery materials becomes a big thing. Having a good run last couple days so seems a potential good punt?

Want to be announcing some drilling results by mid year. Could be one to watch?

Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Why the big rise today?

Berry10000

119 posts

102 months

Thursday 26th May 2022
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Luke. said:
Berry10000 said:
Had a dabble on cleantech lithium (CTL) a couple weeks ago in the hope that green production of battery materials becomes a big thing. Having a good run last couple days so seems a potential good punt?

Want to be announcing some drilling results by mid year. Could be one to watch?

Still speculative though but I can only hope they do better than my longer term rolls Royce are doing!
Why the big rise today?
Absolutely no idea! Been slightly more volume going through, but am not going to speculate on any news as I don’t know.

Maybe the planned drilling results due next month is generating interest. There was also some investor show presentation at the weekend.

Chris Type R

8,026 posts

249 months

Thursday 26th May 2022
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g4ry13 said:
I expected BP to have a bit of a tumble this morning based on the windfall tax which is being spoken about.
I did too - perhaps those in the know have an idea of the extent of the charge and that adds certainty to the market.

ferrisbueller

29,320 posts

227 months

Thursday 26th May 2022
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There is an allowance for any investment they make - I assume on renewables.

I hope they reinvest everything on new projects.

On principle I fundamentally disagree with raiding the profits of a company in any sector. There's a tax structure in place. Just sweeping in and taking profits is an abuse of power and sets a dangerous precedent.

Mr Whippy

29,029 posts

241 months

Thursday 26th May 2022
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ferrisbueller said:
On principle I fundamentally disagree with raiding the profits of a company in any sector. There's a tax structure in place. Just sweeping in and taking profits is an abuse of power and sets a dangerous precedent.
I think you’re right but this wasn’t natural market dynamics.

Government policy on covid, then energy generally, and sanctions on Russia, have all provided this environment for a windfall, despite the sanctions in all those areas largely being a net negative on society.

It’d be tremendously unfair to sit there watching society take a hit by government policy to “make the world a better place”TM while you then said “ah but these were the tax rules so you can’t change them blah blah”

2007-2008, fine. But now? Really?

ferrisbueller

29,320 posts

227 months

Thursday 26th May 2022
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If you're going to justify it due to war, then start with those making a profit out of weapons and suchlike? Should there also be a tax on peace? And a guaranteed goverment bailout when companies have to make massive changes to adhere to new policy and agenda, or lose stacks of cash due to a pandemic (acknowledging furlough et al)?

anonymous-user

54 months

Thursday 26th May 2022
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Mr Whippy said:
I think you’re right but this wasn’t natural market dynamics.

Government policy on covid, then energy generally, and sanctions on Russia, have all provided this environment for a windfall, despite the sanctions in all those areas largely being a net negative on society.

It’d be tremendously unfair to sit there watching society take a hit by government policy to “make the world a better place”TM while you then said “ah but these were the tax rules so you can’t change them blah blah”

2007-2008, fine. But now? Really?
I guarantee that had sanctions, covid etc resulted in those companies making big losses you would not be advocating bailing them out.

I’ve not yet heard anyone sympathising with bp and handing them money when they made losses in the previous year.

lemmingjames

7,456 posts

204 months

Thursday 26th May 2022
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ferrisbueller said:
If you're going to justify it due to war, then start with those making a profit out of weapons and suchlike? Should there also be a tax on peace? And a guaranteed goverment bailout when companies have to make massive changes to adhere to new policy and agenda, or lose stacks of cash due to a pandemic (acknowledging furlough et al)?
Cant see why we dont grab the profits from Moderna/Pfizer given they are selling the vaccine at 3/4/? times the cost to manufacture and didnt the US Government/public fund the research like we did with the AZ one?