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BP Share Chat (BP.)



Share Price: 494.30Bid: 494.15Ask: 494.30Change: 0.00 (0.00%)No Movement on Bp
Spread: 0.15Spread as %: 0.03%Open: 492.15High: 498.15Low: 491.45Yesterday’s Close: 494.30


Share Discussion for BP


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fruitbat
Posts: 160
Off Topic
Opinion:No Opinion
Price:493.10
Bp
Sun 23:23
I totally agree with you,but maybe there is a clause for share holders to avoid reckless buying on a falling market to protect investors and avarage in?
Hey I sold 300 million stgdmk for George Soros when we came out of the ERM
The government lost millions trying to support the pound and was pointless to try to go against market forces!
 
AndrewTheDragon
Posts: 14
Off Topic
Opinion:No Opinion
Price:493.10
RE: Buybacks
Sat 15:18
Also, I don't understand the regulatory restrictions of any buyback scheme. Why can't they take advantage of this week's sell-off to effectively set a floor price to prop up SP (and maximise buybacks for minimalised cost to the company) instead of a rigid buy limit at whatever the market value happens to be?
AndrewTheDragon
Posts: 14
Off Topic
Opinion:No Opinion
Price:493.10
RE: Buybacks
Sat 15:14
To put this into perspective look at the increase in shares in issues since buybacks stopped in 2015. I haven't been able to find much information about this, but the BP website has records going back to:

3Q2016 18.913b
4Q2016 19.439b
1Q2017 19.6645b
2Q2017 19.7385b
3Q2017 19.798b

Share buyback programme is authorised to a maximum of 1.96 shares, nearly 10% of all the shares in issue. If maxed the company would retain the same market capitalisation by increasing the SP by an equivalent amount over the next 49 or so weeks.

However if they are aiming for a less ambitious 3% of all shares in issues then the impact of the SP over the next 49 or so weeks is far less pronounced.
AndrewTheDragon
Posts: 14
Off Topic
Opinion:Weak Buy
Price:493.10
Buybacks
Fri 17:55
Two days of buybacks @ 2.75m per day, barely supporting the SP against massive sell volumes.
Programme allows for maximum of 1.96b shares before 2018 AGM (end of Oct'?)
But 2.75m shares per trading day, if maintained, would fall short, and be around 0.687b repurchased out of 19.8b issued.
Today's SP increase due to POO rally.

...

On my watchlist, and will be great Q4 earnings, but not tempted to buy-in just yet. What do other's think?
reedy66
Posts: 6
Off Topic
Opinion:No Opinion
Price:495.00
RE: Dividend
15 Nov '17
Dividend being paid on the 21st December. 10 cents, approx 7 pence.
fruitbat
Posts: 160
Off Topic
Opinion:No Opinion
Price:495.00
Bp
15 Nov '17
I feared markets were about to roll over check past posts, however buy backs today 2.8 million at 496 average, be above 500 tom
MarktheSpark
Posts: 1,577
Observation
Opinion:Buy
Price:495.00
RE: Bob Dudley
15 Nov '17
As predicted Russia has moved in with $6billion of debt relief which should enable Venezuela to pay creditors short term. It's not clear what Russia get in return behind the scenes. But US sanctions and US influence in the region will continue to handicap Venezuela's economy so I doubt whether they are out the woods yet. BP's interests probably mixed as they would benefit from a shortage of supply if Venezuela collapsed but they have some shared interests with Russia via their investment in Gazprom as noted by chubbybrown, thanks. China also looking at a strategy of ensuring longterm access to energy resources worldwide, so it wouldn't surprise me to see them wanting a piece of the action.
Thorney
Posts: 19
Off Topic
Opinion:No Opinion
Price:494.95
Dividend
15 Nov '17
Hi Can anyone tell me what the December dividend will be.
macaumike
Posts: 748
Observation
Opinion:No Opinion
Price:499.00
RE: BP
15 Nov '17
My longterm method with BP is buy when below 500n and sell above 600. Has worked well for me over the years and of course the divi is now 6% a good reason to hold. The saudi business could indeed be good gor the POO.
fruitbat
Posts: 160
Off Topic
Opinion:Strong Buy
Price:498.30
BP
15 Nov '17
Doubled up here, great buying opp




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