What’s going on with the BP share price?

first_img We think that when a company’s CEO owns 12.1% of its stock, that’s usually a very good sign.But with this opportunity it could get even better.Still only 55 years old, he sees the chance for a new “Uber-style” technology.And this is not a tiny tech startup full of empty promises.This extraordinary company is already one of the largest in its industry.Last year, revenues hit a whopping £1.132 billion.The board recently announced a 10% dividend hike.And it has been a superb Motley Fool income pick for 9 years running!But even so, we believe there could still be huge upside ahead.Clearly, this company’s founder and CEO agrees. Learn how you can grab this ‘Top Income Stock’ Report now Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves | Saturday, 29th May, 2021 | More on: BP Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Image source: Getty Images What is going on with the BP (LSE: BP) share price? That’s a question I’ve been considering based on the stock’s recent performance. Over the past 12 months, shares in the company have returned -4%, excluding dividends. However, over the same time frame, the price of oil has returned more than 200%.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As one of the world’s largest oil producers, BP will undoubtedly benefit from being able to sell its output at higher prices. Unfortunately, the company’s current stock price does not seem to reflect this improved outlook. The question is why? Is this an opportunity I can take advantage of to earn a profit?BP share price valuationBP is clearly set to benefit from higher oil prices.According to City analysts, the group’s earnings per share could grow as much as 29% this year on the back of higher oil prices.And if the price of oil remains at current levels, analysts believe the company’s earnings per share could grow a further 13% in 2022. While these are just estimates at this stage and could be subject to change, I think the figures show its potential. BP’s profits should grow as the global economy moves on from the pandemic and demand for oil returns to pre-crisis levels. Based on these numbers, the BP share price is dealing at a forward P/E of 9.7 for 2021, potentially falling to 8.5 for 2022. That appears to me to be incredibly cheap, mainly because the rest of the market is trading at a P/E of around 15. As well as this valuation, the stock also has the potential to offer a dividend yield of 4.8%, according to analysts.Risks and challengesWhile the BP share price does look cheap compared to its potential, it’s unlikely to be plain sailing for the group over the next few years. The pandemic is not over yet. Another outbreak could set the global economic recovery back months or years. There’s also a chance the oil market’s most prominent producers, which cut production last year to stabilise the market, could increase output due to higher prices. This would hurt other producers like BP as the price of oil would likely fall. As these risks continue to hang over the BP share price, I can see why investors have been avoiding the business. There’s a lot of uncertainty surrounding the outlook for the enterprise, and trying to understand where the company could be five years from now is incredibly challenging. As such, the investment is unlikely to be suitable for risk-averse investors.Still, I would buy shares in the oil company today as a recovery play, despite these risks.Yes, BP is facing an uncertain future, but the stock’s current valuation suggests that the shares are undervalued if the business can return to growth in the next two or three years.  What’s going on with the BP share price?center_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Simply click below to discover how you can take advantage of this. The Motley Fool UK’s Top Income Stock… Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Rupert Hargreaveslast_img read more

Pasadena Unified School District Considering French Dual Language Immersion Program

first_img Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy 5 recommended0 commentsShareShareTweetSharePin it HerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeautyHerbeauty10 Ways To Power Yourself As A WomanHerbeautyHerbeautyHerbeauty7 Most Startling Movie Moments We Didn’t Realize Were InsensitiveHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyJennifer Lopez And Alex Rodriguez’s Wedding DelayedHerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeauty faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News French Dual Language Program at PUSD?In response to community interest, PUSD is exploring the possibility of opening a French Dual Language Immersion program for the 2017-2018 school year.Dual Language Immersion programs begin in kindergarten with 90% of instruction in the foreign language. Gradually the instruction shifts to 50% in English and 50% in the target language, prompting the student to master academic subjects in both languages.Please help PUSD gauge interest in a French Dual Language Immersion program by participating in a brief survey.Pasadena Unified School District, 351 S. Hudson Ave., Pasadena, (626) 396-3600 or visit www.pusd.us. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Education Pasadena Unified School District Considering French Dual Language Immersion Program Article and Photo courtesy of PUSD Published on Wednesday, December 21, 2016 | 7:57 pm Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Make a commentcenter_img Subscribe Community News Top of the News First Heatwave Expected Next Week Business News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Your email address will not be published. Required fields are marked * More Cool Stuff Name (required)  Mail (required) (not be published)  Website last_img read more

Borini set for early return

first_img Press Association Liverpool forward Fabio Borini may return from a shoulder operation before the end of the season but it seems likely defender Martin Kelly will be held back until the summer. He added: “At the moment, it’s looking pretty positive for Fabio that he could be back ahead of schedule and maybe make the end of the season.” There are more issues to be taken into consideration with the type of injury Kelly suffered, which usually has about a nine-month lay-off period. And while the 22-year-old has made such good progress the temptation may be to give him a run out before the end of the campaign, Driscoll stressed that may not be in the defender’s best interests. “Martin is doing extremely well; he’s probably at the late stage of his rehab,” he told Liverpoolfc.com. “We’ll probably look to prioritise getting him back for pre-season 110% fit – 10% fitter, stronger and quicker, more powerful and agile than he was previously. “He’ll probably be in a position where it will be tempting to put him into games again this season but it will show class and quality if we make sure that he’s in a very strong position so he can fly next season. “Martin should look at what Steven Gerrard has achieved this season (playing every minute of every Premier League match so far): people would never have considered that he would be available for a full campaign. “He should take great hope from that and know that if he continues to work and continues his professionalism, hopefully the future is bright. We hope to give him every chance.” center_img Borini sustained a dislocation in February but is progressing well, however, Kelly’s comeback from anterior cruciate ligament surgery in September will not be rushed. “Fabio Borini was outside for the first time today so he’s starting that progression – passing balls, running and doing ball work,” said head of performance Glen Driscoll. “He’s due to be probably another six weeks from this point on. The injury he’s had is normally eight to 12 weeks. He’s quite a quick rehabilitator.” last_img read more

Former National Judo Team Member Elmedin Heco died in Traffic Accident

first_imgElmedin Heco, a member of the Bosnia and Herzgeovina’s national team in judo, lost his life in a serious traffic accident that happened today on Ivan Sedlo, Vijesti.ba news portal reports.Former member of the national team of our country died in an accident in Vukovici on the mountain pass Ivan Sedlo. Another person who was next to him also lost his life. Heco has recently worked as a strength coach with athletes, and at the European Championships in Istanbul last year in powerlifting he won a gold medal for our country.(Photo credit Klix)last_img

Salah retains African award to seal great day for Egypt

first_imgSalah found scoring difficult early in his professional career and was nicknamed “chancentod” (chance killer) by the Swiss media.– Off-target –Later, playing for Chelsea in a League Cup tie, the Egyptian was so off-target with a goal attempt that the ball trickled over the touchline for a throw-in.Unhappy with his two-goal return, Chelsea lent Salah to Italian outfits Fiorentina and Roma, then sold him to the latter club.Salah blossomed in Rome, averaging close to a goal every two matches, and Liverpool paid almost 37 million pounds (about $47 mn/41 mn euros) to sign him two years ago.The Egyptian had his share of setbacks last year, too, with an injury in the Champions League final loss to Real Madrid also keeping him out of a World Cup defeat by Uruguay.He returned to score against hosts Russia and Saudi Arabia, but the Pharaohs exited their first appearance at the global showpiece in 28 years without securing even one point.Salah netted twice and missed two penalties three months later in a 6-0 Cup of Nations rout of Niger and snatched the late winner in a 3-2 victory over Tunisia in the same competition.Having defended his Player of the Year title, his next goal will be to match the four straight wins in the competition by former Manchester City and Ivory Coast star Yaya Toure.The other male awards went to France-born Morocco coach Herve Renard, the Mauritania national team, and Moroccan Achraf Hakimi in the youth category.South African Chrestinah Kgatlana was voted Women’s Player of the Year and South Africa coach Desiree Ellis and the Nigeria national team were the other female winners.The Goal of the Year award also went to Kgatlana. Share on: WhatsApp Dakar, Senegal | AFP | Mohamed Salah completed a memorable day for Egyptian football by retaining his African Player of the Year award in Senegal Tuesday.The 26-year-old Liverpool star finished first with club-mate Senegalese Sadio Mane and Arsenal and Gabon striker Pierre-Emerick Aubameyang the other finalists.“I have dreamt of winning this award since I was a child and now I have done so twice in a row,” Salah said soon after receiving his trophy in Dakar.“My thanks go to my family, my team-mates and my fans and I dedicate this trophy to my homeland, Egypt.”It was an identical outcome to last year when Salah became only the second Egyptian after 1983 winner Mahmoud al Khatib to be voted the best footballer in Africa.Egypt crushed sole rivals South Africa 16-1 earlier on Tuesday in a CAF executive committee vote in Dakar to decide which country succeeded Cameroon as 2019 Cup of Nations hosts.Delays to preparations and concerns about security resulted in the central African nation being replaced as hosts, and they will stage the 2021 tournament instead.While the 15-vote winning margin for Egypt was unexpected, the success of Salah was anticipated as he continues to score regularly for the English Premier League leaders.Salah netted 44 goals in all competitions for Liverpool last season — his first with the Anfield club — and has bagged 13 Premier League goals so far this season.Ironically, Aubameyang has scored one league goal more than Salah, topping the charts with Tottenham Hotspur and England star Harry Kane on 14.Salah was born in a northern Egyptian town Nagrig and used to make eight-hour return trips on buses to train with Cairo-based El Mokawloon (Arab Contractors).Spotted by scouts from Swiss club Basel, he moved there in 2012 before joining Premier League giants Chelsea two years later.last_img read more

Florida man uses dating site to lure woman to park before raping her

first_imgPolice in Miami-Dade have arrested a 21-year-old man who reportedly used a dating site to lure and a woman to a park and rape her.According to the report, Joanka Ortiz and the victim reportedly became acquainted through the dating app in January and decided to meet up.The two met at Black Point Park & Marina and sometime during the encounter, Ortiz reportedly bent the victim over a table under a park pavilion and forced her to have sex with him.According the police, the victim then pushed Ortiz off of her and asked to go home.When authorities contacted Ortiz about the incident he confessed to the crime.He has since been arrested and is facing a sexual battery charge. A judge has set his bond at $5,000 and has requested that he be placed on house arrest after his release.Officials also say Ortiz was arrested in March after was caught using his phone to video tape up a woman’s skirt when he worked at a Pet Supermarket.last_img read more

South African university gets global nod

first_imgCampus-wide student integration,reinvigorating academic culture andnurturing the most promising youngstudents through the vice-chancellor’sprestige programme are among theinnovations that earned the University ofthe Free State the Best Practice in HigherEducation in 2010 award.(Image: On the University)MEDIA CONTACTS• Lacea LoaderUniversity of the Free State+27 51 401 9111RELATED ARTICLES• Top award for Rhodes scientist• SA charity in line for top award• SA films scoop awards at Fespaco• SA scientists win AU awardNosimilo NdlovuThe University of the Free State has been honoured with the award for Best Practice in Higher Education in 2010 for its fresh approach in promoting racial harmony and academic excellence.The award, presented by the World Universities Forum, is based on a strict set of criteria, including innovative curriculums; quality of research projects; and student services.The forum said the award recognised a number of positive reforms at the university over the last year following a culture of “racial division, student failure and academic stagnation”.Campus-wide student integration, reinvigorating academic culture and nurturing the most promising young students through the vice-chancellor’s prestige programme are among the innovations made, according to university spokesperson Lacea Loader.In the last year the university sent 71 first-year students to US universities such as Harvard to help them become non-racial leaders on campus.It has also identified 20 of the most under-performing high schools in the Free State and is building relationships with them to help improve conditions.“We feel that the University of the Free State’s innovations demonstrate the profound impact higher education practices can have when they are well conceived and implemented. We applaud these innovations and the ways in which they promote racial harmony, student success and overall academic vitality,” the forum said.The university’s vice-chancellor and rector Prof Jonathan Jansen said: “We are humbled and encouraged by the recognition of academic excellence and institutional transformation that comes with this prestigious international award.”Jansen has had his work cut out for him following an incident on campus in 2008 which made international headlines. The media storm was in response to a racially insensitive video filmed by four students belonging to the university’s Reitz residence.Deserved recognitionThe university will formally accept the award at the World Universities Forum gathering at The Hong Kong Institute of Education from 14 to 16 January 2011.The forum was launched in Davos, Switzerland, in 2008 and meets annually at various venues around the world. It was held in Mumbai, India, in 2009 and again in Davos in 2010.The forum focuses on matters affecting higher education, politics and the global economy. During this year’s gathering, the forum will continue the discussion on the current role and future possibilities for universities around the world, and cultural tolerance at these institutions.“We are pleased that this discussion will include recognition of the University of the Free State and its tremendous efforts to address its own challenges,” the forum said.Loader said this was the first such honour for the university and representatives were excited about receiving the award.last_img read more

JSE black ownership on the increase

first_img12 December 2012 Black South Africans hold at least 21% of the top 100 companies listed on the Johannesburg Stock Exchange, with 21% of the available shares listed on the JSE still to be assessed, according to research released by the JSE last week. The 21% includes 9% held directly, mostly through empowerment stakes, and 12% through mandated investments, such as pension funds and unit trusts.Black, white SA investors at similar level “This year’s study found a similar participation level among black and white South African investors – 21% and 22% of the Top 100 by value respectively,” JSE chief executive Nicky Newton-King said in a statement, adding that, with 21% of the equity yet to research, the black ownership figures might be understated. According to Trevor Chandler of consultancy Chandler & Associates, who headed the research team appointed by the JSE, the top 100 listed companies used in the study represent 88% of the total market capitalisation of the exchange and can therefore can be used as a proxy for the total market. “Last year’s assessment revealed that black South Africans held slightly over 8% of the top 100 companies through direct investment,” the JSE said. “This year, by digging deeper, researchers found that the figure has moved up to 9% through direct investment, and that black South Africans also hold a further 12% of shares in top 100 companies through mandated investments.” Mandated investors do not select shares themselves, but gain exposure through life offices, pension funds, unit trusts or exchange traded funds.34% foreign, 21% unmeasured Chandler, unpacking the research for financial news website Moneyweb, said the overall breakdown of ownership of the JSE’s top 100 companies was 34% foreign ownership, 22% local non-black economic empowerment (BEE), 21% local BEE, 21% local unmeasured, and 2% South African government. Chandler told Moneyweb that there couldn’t be strict comparisons made with last year’s data, since this year’s research had involved much more data – the researchers had to go through 15-million share ownership records to assess ownership through mandated investments. This year’s research would, however, provide a base for future measurement. The research methodology employed in the study was reviewed by two BEE verification agencies, Aqrate and Empowerlogic, as well as one external audit firm, who found it to fairly present the results.Strict methodology The researchers were cautious about the assumptions that they made during the study. In particular, black economic interest was assumed to be zero when companies did not participate in study, or it could not be proved that pension schemes had black beneficiaries or that black people had life insurance policies or unit trusts. “As encouraging as the data appears, much still needs to be done to achieve an equitable landscape,” the JSE said. “To this end, the JSE has for many years run a number of initiatives to foster improved financial literacy and encourage retail South Africans investors to invest on the exchange.” These included the JSE/Liberty Investment Challenge, an annual trading game that teaches pupils and university student about the workings of the stock market. The JSE also hosts regular public expos across the country, as well as regular investor showcase events at the exchange that are open to the general public. SAinfo reporterlast_img read more

SOA Governance — What is it?

first_imgSOA Governance has been headlined in the IT news over the last couple of months, and analysts like Gartner’s Paolo Malinverno say things like “Service-oriented architecture governance isn’t an option — it’s an imperative.”  But just what is SOA Governance?A major goal of SOA is to be able to compose business processes out of interoperating Web Services.  But Web Services themselves are basically point solutions.  The idea of governance is that there is an overall guiding principle that steers SOA.  At a big picture level, a governance policy determines what Web Services need to be built, and at the individual Web Service level, makes sure that the services are designed to be interoperable and comply with standards, like security.Daryl Plummer, group vice president and research general manager at Gartner, said that “SOA Governance must address all domains of SOA – security, management, registry, development, orchestration/composite services and enablement/integration. Companies won’t be able to find a single solution or technology to meet the requirements for SOA Governance, and instead will have to bring together a framework built from multiple vendors, with the registry acting as the foundation that could unify it all.” Plummer’s quote was from April 2005, and it is interesting that a little more than a year later, the SOA market is consolidating with the goal of creating single vendor SOA stacks that can provide one-stop solutions.Two competing initiatives have emerged for how to deal with SOA Governance.  The first, originally developed and led by Systinet, is called Governance Interoperability Framework (GIF).  GIF was started up in April 2005 and consists of a consortium of companies that include Actional, Reactivity, Amberpoint, and MetaMatrix.A competing initiative called SOA Link was started by Infravio in April 2006 and includes Hewlett Packard, JBoss and Iona.  SOA Link has since added additional members, with many overlapping companies in both camps.As noted in the Daryl Plummer quote above, many consider the SOA registry to be key to successful SOA implementation.  The idea of the registry was first described within the UDDI specification.  The initial concept of the registry was that it allowed services to be looked up in a yellow-page-like directory.  But companies like Systinet and Infravio have taken the capabilities of the SOA registry to the next level.The SOA registry is being made to map business taxonomies into the SOA model.  The registry is now able to provide information about services, schemas, business processes, workflows and databases.The work that Infravio and Systinet did especially in the area of the registry made them candidates for takeover.  webMethods bought Infravio for $38 million on September 11th.  In late August BEA purchased SOA registry vendor Flashline. And on July 25th, Hewlett Packard bought Mercury who in turn had earlier purchased Systinet.  These are only a few of the many recent acquisitions happening in the SOA space. Logic Library remains as the only independent pure-play company specializing in the SOA registry.It’s important to realize that Web Services are only one piece of the SOA puzzle. Governance provides an important framework for SOA initiatives.  Formtek offers ECM Web Services that can work within the SOA structure to provide content library services.last_img read more

CourtVille: The Zynga Lawsuit Made Simple

first_imgRelated Posts Tags:#business#web Why Tech Companies Need Simpler Terms of Servic… In June, the disruptive, addictive, social gaming juggernaut Zynga vowed to transform the way games are built and consumed. By July 31, after a precipitous stock tumble, Zynga CEO Mark Pincus and other leaders are facing a class-action lawsuit for insider trading from angry investors who saw their fortunes evaporate while executives cashed out their winnings in high-rolling style. If this all sounds familiar, it’s because you heard a similar story a few months ago from Zynga’s big brother, Facebook.Here are highlights of the court filing:Before Zynga went public, its officers and directors agreed to not sell their stocks for 165 days, an agreement that would expire May 28, 2012. Waiving this lock-up would required the approval of Morgan Stanley and Goldman Sachs, which backed the IPO.Feb. 28, Zynga issued a press release reporting record 2011 sales and predicting favorable earnings in 2012. Perhaps most important was its assertion that “growth will be weighted towards the back-half of the year” — in other words, buy now, things are going to get even better. Shares hit an all-time high March 2.At this point, Zynga asked the Securities and Exchange Commission if it could sell more of its stock to investors. At the same time, Zynga also asked to waive the lock-up restriction so executives could sell nearly 50 million shares.The underwriting banks received $15 million in fees for the second stock offering, the officers received more than $500 million, while Zynga’s everyday employees were unable to sell any of their holdings.Zynga’s executives sold their stock April 3 — in advance of Q2 financial results — for $12 a share.April 26, Zynga released more rosy estimates based on growing first-quarter growth, and executives continued to assert that 2012 growth would be “weighted towards the back-half of the year.”But then the rose faded, fast.July 25, Zynga released lower-than-expected second-quarter results, including a profit 84% lower than expected. Zynga also lowered its 2012 targets significantly below the April estimates. It lowered sales by roughly 20%, earnings by roughly 82%, and EBITDA (another way of counting earnings) by roughly 50%. Analysts, in turn, slashed their ratings of Zynga’s stock, which plummeted.The lawsuit alleges that the defendants acted with scienter, which means that a party understands that it is about to commit wrongdoing before doing so. It also alleges that Zynga executives intentionally misled the public and the markets about their company’s prospects in order to “cause Plaintiff and other members of the Class to purchase Zynga’s securities at artificially inflated prices” and line their own pockets. The class includes everyone who purchased stock between Feb. 28 and July 25, 2012.The courts will have their hands full with this one, but one thing is impossible to deny–Zynga’s leaders (and their bankers) certainly did well. Pincus earned $200 million on the deal (which more than paid for the $16 million mansion he bought while Zynga burns), and four other investors (including Google) made $48 million or more.How the trades occurred was unorthodox and their timing was impeccable, but was it malicious and illegal? Insider trading is notoriously difficult to prove, but guilty or not, Zynga looks bad. Shareholder confidence is at an all-time low, and employee morale can’t be much higher. The case will almost certainly go to trial because a settlement would taint the company for years, and that means there will be no rapid or graceful end to the matter.Zynga has managed to catch one unexpected break. Its real-cash gaming aspirations never materialized. Had Pincus steered Zynga into online gambling, it might also be part of a fraud probe of Internet poker firms currently being conducted by the Department of Justice. One lawsuit at a time.Mark Pincus photo by Jason Lloren. 8 Best WordPress Hosting Solutions on the Marketcenter_img Top Reasons to Go With Managed WordPress Hosting cormac foster A Web Developer’s New Best Friend is the AI Wai…last_img read more