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Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON) Watch here

Michael Masterman introduces Saffron Energy to London AIM Market (LON: SRON)


BP Share Chat (BP.)



Share Price: 447.10Bid: 447.05Ask: 447.10Change: 0.00 (0.00%)No Movement on Bp
Spread: 0.05Spread as %: 0.01%Open: 449.95High: 451.25Low: 443.40Yesterday’s Close: 447.10


Share Discussion for BP


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Newchurch
Posts: 1,234
Off Topic
Opinion:No Opinion
Price:457.10
RE: Technicals after today's result..
7 Feb '17
AL75, no criticism, but just curious to know IF you have sold up your holding and are going to buy, or start buying in around 440 on the strength of your analysis?
 
AL75
Posts: 771
Off Topic
Opinion:No Opinion
Price:457.10
RE: RE; RE........Divi
7 Feb '17
It's scrip not script
Newchurch
Posts: 1,234
Off Topic
Opinion:No Opinion
Price:457.10
RE: RE; RE........Divi
7 Feb '17
MAo3 Sort of what I thought, is there any advantage to one over the other to us?

I assume whichever you still have to pay tax on your dividend, or are script dividends not classed as income, and you are only liable for CGT on them?
AL75
Posts: 771
Off Topic
Opinion:Sell
Price:457.10
Technicals after today's results
7 Feb '17
BP has broken it most recent low at 470p and gapped down with a bearish move today. It looks oversold on the daily chart, but not on the weekly. On both time frames its price has not yet broken through the uptrend line which was establish in Feb 2016. It's also about 20p away from its 200 weekly EMA at 434p. The price has also broken through 464p which is a key level having been resistance in July 2016 and Nov 2106. Usually resistance becomes support, but not today.

For me the weekly chart shows a little divergence with MACD and RSI showing the price will have further to fall, possibly to 440p as a first target. DYOR

PS: I don't accept troll-like comments based on my technical assessments but always accept well founded and evidenced criticism. Peace!
MAO3
Posts: 792
Off Topic
Opinion:No Opinion
Price:457.10
RE; RE........Divi
7 Feb '17
It depends if the Company offers Script dividend or DRIP dividend.

Script is the issuing of new shares, which enables the company to preserve their cash. DRIP purchases existing shares on the open market.
Charlie156
Posts: 90
Off Topic
Opinion:No Opinion
Price:456.25
RE: Be prepared
7 Feb '17
Oil companies have all been reducing costs, so for BP to increase break even to $60 has spooked the market. Dividend is sacrosanct so BP will have to sell more assets in the short and medium term to cover it.
Newchurch
Posts: 1,234
Off Topic
Opinion:No Opinion
Price:457.00
RE: RE.........Divi
7 Feb '17
Grayling, I guess that then is the difference between doing as we do, having our brokers spend our dividend money on buying shares on the open market, to that of a Script dividend, which I think you can sign up for on the BP website?

No expert on this, but wondered what the difference was, and 'perhaps' that is it??

Bit unfair though, as BP shares then become worth less as more are issued, yet I guess it equals out, as the cash that would leave BP otherwise, then stays in the company coffers?

Doubt we have seen the last of the fall this week.
Newchurch
Posts: 1,234
Off Topic
Opinion:No Opinion
Price:458.05
RE: Be prepared
7 Feb '17
The spike the other day to 520 ish, then I assume was the news being leaked out early to the big holders, who jumped out on the false spike, as others thought BP's probs were all in hand.

Can't imagine the news was a surprise to ALL today.

Perhaps President Trump, IF we don't insult him too much will be kinder and lets us off a few b!
Grayling
Posts: 761
Answer
Opinion:Hold
Price:458.10
RE.........Divi
7 Feb '17
You are right and that is how my divi's are reinvested, but there must also be a company scheme which involves the issue of new paper if the Hargreaves statement below is actually true:
"One worrying aspect of the dividend is the colossal amount being paid out in shares rather than cash, which increases the number of mouths to feed next time a payment is made. BP issued $2.9 billion of shares in lieu of dividends in 2016; shares which if listed separately would form a company at the top end of the FTSE 250."
Newchurch
Posts: 1,234
Off Topic
Opinion:No Opinion
Price:458.55
Wish i had took
7 Feb '17
..my dividend in cash now, least then YOU have the option to buy in when opportunities arise, such as will happen with us now over the next few days.

Annoying thing is filled my isa with them when they were doing well, could have crammed even more into it IF I had waited. Never learn, always time it wrong.




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