Monday, February 06, 2017

Taking stock

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If this was a stockbroker's blog, even a stocktaker's blog, we would now be analysing the risk factor of BP. There's no doubt it's been tremendously successful and has vast power and, as one of the largest energy providers with vast reserves its a cinch to feature on the energy indices and the oil and gas indices as well as a number of national indices. It started out as the greatly more manifest Anglo-Persian Oil Company and then used its acquisitive powers to pick up Castrol along the way, Standard Oil of Ohio, ARCO and Amoco

So there's nothing wrong with its acumen. But that is offset by all those payouts for explosions and spills, particularly where there's loss of life.

As a mug punter, I would leave this one to the sharks. Still, that's not our purpose.

We want to know which stock exchanges or markets handle BP and its products and services, where BP can be found, whether there are such a thing as BP Futures or Bonds. And then to apply the blowtorch to the belly of those other business entities stroke companies and their place in the market.
In 2010 JPMorgan Chase owned more of BP than the other top nine shareholders including BlackRock

Chairman is Carl-Henric Svanberg (who is also chairman of Volvo) and CEO Bob Dudley

BP does pay dividends and BP Prudhoe Bay Royalty Trust is but one fund that is inextricably linked with its investments with the company. Naturally, it holds securities as well as debentures, derivatives, warrants, options
It has $258.85 billion dollars in assets, and equity circa end calendar year 2014 of $112,642,000,000

Dropping Glencore off the list and replacing it with Vitol means we don't need to take another look at a mining company. I don't think they're going to be principally different to an oil company.

II

Now we know that banks are big holders of assets but is there anything unique about BNP Paribas in comparison to the other entities on this list?
Banque Nationale de Paris was founded in 1848, Paribas in 1872. They merged in 2000.
CEO is Jean-Laurent Bonnafé and Chairman Jean Lemierre
The combined bank has €42.938 billion in revenue, operating income of €9.787 billion. It made a profit of €6.694 billion in 2015. It has €96.269 billion in equity and holds assets of €1.994 trillion

The company is a component of the Euro Stoxx 50 stock market index and has the distinction of having the highest brand value in France. BNP Paribas is one of the largest banks in the world.

Banks are acquisitive by nature and there is more than the streamlined history suggests; Banque nationale pour le commerce et l'industrie (BNCI) and Comptoir national d'escompte de Paris (CNEP) combined in 1966, 'Paris and Amsterdam banks combine in Pays-Bas or Paribas
the real challenge when determining whether warrants and other options are available where BNP Paribas is concerned, is knowing whether it is something they handle as a core part of their trade or whether the debentures and derivatives also apply to them as a business featured on exchanges and indices. I'd venture they do both. Just as futures and bonds appear on both sides of the ledger. Trust funds continue to feature.

III

Although they would have rolling stock, China Railway is a service. In this case transport. It trades in securities
Let's see about
derivatives
debentures
warrants
notes
futures
commodities
options
bonds
dividends
trusts
funds
indices

so, yes, just as involved. At least, the construction wing is

IV

Now don't wag your finger at McKesson, they're in that sort of business.

derivatives
debentures
warrants
notes
futures
commodities
options
bonds
dividends
trusts
funds
indices

V

MORL is an Exchange Traded Fund, it operates on the market without having a real world correlative


derivatives
debentures
warrants
notes
futures
commodities
options
bonds
dividends
trusts
funds
indices

VI

Seaboard may be an amalgam of different functionality but then all our star companies here appear to have taken that route to reach this status: a fuel company that operates as a broker, a shunter of passengers that builds roads and infrastructure, a retailer that conducts scientific research

debentures
warrants
notes
futures
derivatives
commodities
options
bonds
dividends
trusts
funds
indices

VII

Toyota is the most familiar to me, having driven a Corona at one stage and seeing plenty of the brand in my travels.

debentures
warrants
notes
derivatives
commodities
options
futures
bonds
dividends
trusts
funds
indices

VIII

Vitol information, or not.

IX

Which only leaves Westrock, our second manufacturer

debentures
warrants
derivatives
options
futures
notes
commodities
bonds
dividends
trusts
funds
indices

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