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BOE Boeing Co.

220.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Boeing Co. LSE:BOE London Ordinary Share COM STK USD5 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 220.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
210.00 230.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 220.00 USD

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Posted at 10/2/2012 16:36 by olive_oil
Are we going to break radio silence on this one? LOL

Also in at original placing (Plaice'ng) thanks to Mr Ashley James, also took up the warrants and not sold a single share so far. It was Mad Ash's wish with this one to prove that you don't need bulletin boards to ramp and make money from shares. It would be great to see some of his phantom shorters turn up and have a go knowing some of the news flow that is scheduled. I get the occasional email from Berkley Hambrook who as a CEO has done a text book job over the last few years.

Trawler
Posted at 06/2/2011 01:03 by olive_oil
Hi seagreen,

Yes, I was in the original placement, got the 10% bonus shares because they missed some deadline or something and exercised the half warrants, always having a good feeling about the management of this company. I have got a few mates into this one as well, along the way. Looks like it's going plaices!!

I remembered your comments about MNC and eventually took a punt at 11p which I did in memory of Ash, call me sentimental! Averaged up at 19p after studying the company a bit more. Like BOE, in for the long term.. we shall see.

I'll let you know when I am next in London and we'll meet up.

V, did you get back into BOE?? :)

Cheers,

S
Posted at 19/8/2010 10:00 by seagreen
Americas Petrogas Inc ("API" or Toronto Stock Exchange symbol "BOE") is a Canadian based natural resources company currently focused on business opportunities in Latin America. We are growing our oil and gas exploration and production in Argentina and, with GrowMax Agri Corp. ("GrowMax") we are developing a potash fertilizer plant in Peru.



Potash subsidiary presentation


$10m investment by India Farmers Fertilizer Cop ltd one of the largest Fertilizer company's in India with $7billon revenues


Total market cap$100m ...some believe the potash play is worth $100m in its own right and the oil and gas business is in for free, even though they are on target to grow it to 4000 bopd (gross by April 2011




They also state they will spin out the potash subsidiary in due course although I would prefer them not to.....

The commbined entity should grow to US$3 to $5 bucks

I met the CEO (former calgary oil and gas man)for the second time last year along with the chairman who outlined the potash details I did querry the posibility of Lithium also being produced and whilst he declined to comment at that time I note the presentation now refers to the posibility.
Posted at 02/1/2009 09:23 by gsands
I have written to my local MP. It's not enough to complain on public bulletin boards. Please make your thoughts known to your local MP and use the democratic process to bring about change.

Here is my letter. Please feel free to cut and paste it/ edit it and send it to your MP.



Dear Bridget Prentice,

RE. Our financial system

Will the Government of this country take steps to ensure that our financial system starts to operate in favour of the everyday man on the street, rather than the spivs, speculators and bankers in the City?

Back in the summer of 2008, speculators were jumping into crude oil positions, driving the price up to an absurd $147 a barrel on the back on a weakening US dollar. This was a ridiculous situation given the rapidly deteriorating state of the global economy - how could the price of oil be rising just as the world was heading towards a slump?
However, it was taken seriously enough by various rate setters around the world (including our own MPC) with the result that interest rates were left on hold (actually increased by 0.25% in Europe) precisely at a time when policy makers should have been LOWERING rates to offset the failing economy. Rate setters were watching the wrong ball - inflation, not recession. This is just one example of the dangers of rampant unregulated/unsupervised speculation. The everyday man on the street is paying the price (by losing jobs) of the greedy speculation of a handful of oil traders (and other commodity traders) who managed to dupe the Bank of England into keeping rates unnecessarily high.

How much longer are we to tolerate the lies and mistruths peddled by the directors of our PLC companies - companies which we the everyday man in the street are expected to invest in via the stock market - either directly or via our pensions? As a private investor myself I can testify to the fact that almost all company directors seem to believe that it is acceptable to lie or mislead shareholders, either with blatant lies or lack of clarity (when asked) as to the true financial position/outlook of the company they are paid to run. In the past when I have tried to get straight answers to my questions about how the company I hold shares in is performing, I find it virtually impossible. My queries are either blanked altogether or I am declined answers because directors feel they are unable/not required to talk how the company is being run outside of formal updates. Frankly many of them seem to behave as if they own the company themselves.

Now that the Government have seen what a mess has made of things, I hope it will cease sucking up to the City and provide a proper counter balance to the power that the City wields. I presume that in due course we can expect the arrest and prosecution of those directors who have participated in the worst cases of misleading share holders. This is an important process in cleaning up the City and making it a place where the every day man in the street feels safe to invest his money. The Government must surely realise the importance bringing justice and supervision to the City. The function of the market is not to the line the pockets of liars, insiders and speculators - it is to give business enterprise an alternative to banks for raising capital. Let us please close down this casino and return to proper long term investing.

Finally, I trust the Government will use its position as a large shareholder in the big banks of this country to ensure that suitable long term mortgage products are made available to the every day man in the street, instead of the ridiculous system we currently have today where it is difficult to arrange a mortgage for much longer than a handful of years, with the result that borrowers are unable to set their financial 'goal posts' and instead have to the run the gauntlet of guessing what interest rates might be in the future and repeatedly move their mortgage business around at the end of every fixed period.

The purchasing of a home is a serious lifetime investment and it is only logical that people should be able to fix rates for the term of the mortgage so that they be can sure of their ongoing financial commitment each month.

If nothing else, the unprecedented events of 2008 should serve to illustrate how our financial system is failing to serve the everyday man on the street, and instead favouring the speculators and gamblers who have turned the markets into the casino that we currently see. This is a once in a century opportunity for the Government to bring about some real change and I sincerely hope that this present Government will cease it.



To find your local MP and email them, go to this website:
Posted at 12/12/2008 07:26 by westcoastrich
'Cassandra' Blanchflower Leaves BOE After Rate Battle (Update1)
Email | Print | A A A

By Brian Swint

Dec. 11 (Bloomberg) -- David Blanchflower, the first Bank of England official to predict the recession, plans to step down in May after winning a year-long campaign to take an ax to interest rates.

Blanchflower, 56, called for rate cuts every month since October 2007, arguing that weakness in the labor market warranted a stronger response from the Monetary Policy Committee. While his push put him at odds with Governor Mervyn King, the economy is now contracting and the Bank of England has reduced the benchmark rate three times in as many months to a five-decade low of 2 percent.

"He's a Cassandra," said Neil Mackinnon, chief economist at ECU Group Plc in London and a former U.K. Treasury official. "The important thing now is that the MPC understands the severity of the situation. It would have been worse had they continued to bury their heads in the sand."

Blanchflower's decision to leave after his term expires will deprive the Bank of England's nine-member board of its most vocal dissenter and a job-market economist at a time when unemployment is rising the most since 1992. Since October 2007, he voted against King nine times and was the lone rate-cut advocate on seven occasions.

"He deserves credit to take a view so much at odds with the rest of the committee," said Michael Saunders, chief Western European economist at Citigroup Inc. in London. "To do that and be right: that's an achievement. He would have prefered to have persuaded the others as well."




Well done Mr Blanchflower. I think Merv should have gone instead.
Posted at 04/12/2008 10:15 by gsands
Looks like the BoE are on the back foot. They should have been cutting rates back in the summer, but instead they got duped into thinking inflation was the problem by a load of speculators and spivs around the world going long on oil and pushing the price of it (and other commodities) through the roof.

What a shambles.
Posted at 28/11/2008 18:31 by westcoastrich
VAT cut to take 53 pence off a £50 shopping basket

Published: 24/11/08



Analysis from the advisory firm Deloitte suggests that assuming that the full 2.5% cut in VAT announced in today's Pre-Budget Report is passed on to consumers it will take just 53p off a typical £50 shopping basket. Based on a typical supermarket shopping basket the total price would go from £50 to £49.47. This reflects the fact that lots of food items which do not attract VAT would be part of an average shopping basket.

Daniel Lyons, Indirect Tax Partner at Deloitte, said: "It is difficult to see how this measure is going to encourage increased spending when the amount of money being saved by the consumer is likely to be so small."

The 2.5% cut in VAT would also result in relatively small reductions in the price of higher value consumer goods. For example, a £550 flat-screen TV would cost £11.62 less with the new cost being £538.38. Shoppers buying a new £300 washing machine would save £6.38 with the new cost being £293.62. Somebody wishing to buy a new Toyota Prius would save around £375 on a £15,000 car.

Lyons added: "Even on big-ticket items, it is questionable whether the level of savings would be high enough as to attract new purchases."
Posted at 18/10/2008 11:45 by moob
Crisis may make 1929 look a 'walk in the park'



As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control

Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects.


As the credit paralysis stretches through its fifth month, a chorus of economists has begun to warn that the world's central banks are fighting the wrong war, and perhaps risk a policy error of epochal proportions.

"Liquidity doesn't do anything in this situation," says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression.

"It cannot deal with the underlying fear that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue," she adds.

Lenders are hoarding the cash, shunning peers as if all were sub-prime lepers. Spreads on three-month Euribor and Libor - the interbank rates used to price contracts and Club Med mortgages - are stuck at 80 basis points even after the latest blitz. The monetary screw has tightened by default.

York professor Peter Spencer, chief economist for the ITEM Club, says the global authorities have just weeks to get this right, or trigger disaster.

"The central banks are rapidly losing control. By not cutting interest rates nearly far enough or fast enough, they are allowing the money markets to dictate policy. We are long past worrying about moral hazard," he says.

"They still have another couple of months before this starts imploding. Things are very unstable and can move incredibly fast. I don't think the central banks are going to make a major policy error, but if they do, this could make 1929 look like a walk in the park," he adds.

The Bank of England knows the risk. Markets director Paul Tucker says the crisis has moved beyond the collapse of mortgage securities, and is now eating into the bedrock of banking capital. "We must try to avoid the vicious circle in which tighter liquidity conditions, lower asset values, impaired capital resources, reduced credit supply, and slower aggregate demand feed back on each other," he says.

New York's Federal Reserve chief Tim Geithner echoed the words, warning of an "adverse self-reinforcing dynamic", banker-speak for a downward spiral. The Fed has broken decades of practice by inviting all US depositary banks to its lending window, bringing dodgy mortgage securities as collateral.

Quietly, insiders are perusing an obscure paper by Fed staffers David Small and Jim Clouse. It explores what can be done under the Federal Reserve Act when all else fails.

Section 13 (3) allows the Fed to take emergency action when banks become "unwilling or very reluctant to provide credit". A vote by five governors can - in "exigent circumstances" - authorise the bank to lend money to anybody, and take upon itself the credit risk. This clause has not been evoked since the Slump.

Yet still the central banks shrink from seriously grasping the rate-cut nettle. Understandably so. They are caught between the Scylla of the debt crunch and the Charybdis of inflation. It is not yet certain which is the more powerful force.

America's headline CPI screamed to 4.3 per cent in November. This may be a rogue figure, the tail effects of an oil, commodity, and food price spike. If so, the Fed missed its chance months ago to prepare the markets for such a case. It is now stymied.

This has eerie echoes of Japan in late-1990, when inflation rose to 4 per cent on a mini price-surge across Asia. As the Bank of Japan fretted about an inflation scare, the country's financial system tipped into the abyss.

In theory, Japan had ample ammo to fight a bust. Interest rates were 6 per cent in February 1990. In reality, the country was engulfed by the tsunami of debt deflation quicker than the bank dared to cut rates. In the end, rates fell to zero. Still it was not enough.

When a credit system implodes, it can feed on itself with lightning speed. Current rates in America (4.25 per cent), Britain (5.5 per cent), and the eurozone (4 per cent) have scope to fall a long way, but this may prove less of a panacea than often assumed. The risk is a Japanese denouement across the Anglo-Saxon world and half Europe.

Bernard Connolly, global strategist at Banque AIG, said the Fed and allies had scripted a Greek tragedy by under-pricing credit long ago and seem paralysed as post-bubble chickens now come home to roost. "The central banks are trying to dissociate financial problems from the real economy. They are pushing the world nearer and nearer to the edge of depression. We hope they will eventually be dragged kicking and screaming to do enough, but time is running out," he said.

Glance at the more or less healthy stock markets in New York, London, and Frankfurt, and you might never know that this debate is raging. Hopes that Middle Eastern and Asian wealth funds will plug every hole lifts spirits.

Glance at the debt markets and you hear a different tale. Not a single junk bond has been issued in Europe since August. Every attempt failed.

Europe's corporate bond issuance fell 66pc in the third quarter to $396bn (BIS data). Emerging market bonds plummeted 75pc.

"The kind of upheaval observed in the international money markets over the past few months has never been witnessed in history," says Thomas Jordan, a Swiss central bank governor.

"The sub-prime mortgage crisis hit a vital nerve of the international financial system," he says.

The market for asset-backed commercial paper - where Europe's lenders from IKB to the German Doctors and Dentists borrowed through Irish-based "conduits" to play US housing debt - has shrunk for 18 weeks in a row. It has shed $404bn or 36pc. As lenders refuse to roll over credit, banks must take these wrecks back on their books. There lies the rub.

Professor Spencer says capital ratios have fallen far below the 8 per cent minimum under Basel rules. "If they can't raise capital, they will have to shrink balance sheets," he said.

Tim Congdon, a banking historian at the London School of Economics, said the rot had seeped through the foundations of British lending.

Average equity capital has fallen to 3.2 per cent (nearer 2.5 per cent sans "goodwill"), compared with 5 per cent seven years ago. "How on earth did the Financial Services Authority let this happen?" he asks.

Worse, changes pushed through by Gordon Brown in 1998 have caused the de facto cash and liquid assets ratio to collapse from post-war levels above 30 per cent to near zero. "Brown hadn't got a clue what he was doing," he says.

The risk for Britain - as property buckles - is a twin banking and fiscal squeeze. The UK budget deficit is already 3 per cent of GDP at the peak of the economic cycle, shockingly out of line with its peers. America looks frugal by comparison.

Maastricht rules may force the Government to raise taxes or slash spending into a recession. This way lies crucifixion. The UK current account deficit was 5.7 per cent of GDP in the second quarter, the highest in half a century. Gordon Brown has disarmed us on every front.

In Europe, the ECB has its own distinct headache. Inflation is 3.1 per cent, the highest since monetary union. This is already enough to set off a political storm in Germany. A Dresdner poll found that 71 per cent of German women want the Deutschmark restored.

With Brünhilde fuming about Brot prices, the ECB has to watch its step. Frankfurt cannot easily cut rates to cushion the blow as housing bubbles pop across southern Europe. It must resort to tricks instead. Hence the half trillion gush last week at rates of 70bp below Euribor, a camouflaged move to help Spain.

The ECB's little secret is that it must never allow a Northern Rock failure in the eurozone because this would expose the reality that there is no EU treasury and no EU lender of last resort behind the system. Would German taxpayers foot the bill for a Spanish bail-out in the way that Kentish men and maids must foot the bill for Newcastle's Rock? Nobody knows. This is where eurozone solidarity stretches to snapping point. It is why the ECB has showered the system with liquidity from day one of this crisis.

Citigroup, Merrill Lynch, UBS, HSBC and others have stepped forward to reveal their losses. At some point, enough of the dirty linen will be on the line to let markets discern the shape of the debacle. We are not there yet.

Goldman Sachs caused shock last month when it predicted that total crunch losses would reach $500bn, leading to a $2 trillion contraction in lending as bank multiples kick into reverse. This already seems humdrum.

Where will it end? A fresh study by Morgan Stanley warns that the big banks face a further $200bn of defaults in commercial property. On it goes.

The International Monetary Fund still predicts blistering global growth of 5 per cent next year. If so, markets should roar back to life in January, as though the crunch were but a nightmare. There again, the credit soufflé may be hard to raise a second time.
Posted at 07/9/2008 10:37 by jazza
Thing is, we all know where inflation is going....just check commodity prices.

Inflation will peak later this year and then fall back in 2009. If the BoE want stability, they should cut rates now and raise next year....such that when all are struggling with petrol, gas, electric, food costs (now), they have lower mortgage costs and when the price of petrol, gas etc. ease (2009) they have higher mortgage costs.

Keeping rates on hold now and slashing in 2009 means joe public goes from maximum pain now to a sharply easier picture in 2009....which doesn't promote stability.....instead it promotes the boom/bust cycles that the BoE are supposed to be getting rid of!!!!

Muppets!
Posted at 30/8/2008 09:26 by jazza
moob,

Just days after Blanchflower called publicly for his fellow BoE members to join him in voting to cut rates by 0.5%.

Looks like there is an attempt to strong-arm the BoE into cutting rates.

Personally think cutting rates is the right thing to do...BoE dithering 'cos they are worried about wage-inflation....LOL....have they seen the state of the union movement in the UK?! It's nothing like the 1970's the unions are powerless....cut rates BoE NOW!
Boeing share price data is direct from the London Stock Exchange

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