The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Shut up
Ironically Invstrat, if WW3 then who cares whether we buy or sell and to shorters it matters not whether position closed or not !! Might as well invest our last £ !!
The Markets don’t like (read Love) any excuse to flex the SPs as it is manna to them when risktakers dive in and wimps exit the fray - but I guess RasPutin’s nuke finger is hesitating over the launch button as NATO boasts of their successes in seducing the peripheral countries to join the forthcoming showdown.
Strange, dangerous, unpredictable, unstable times then - and the markets manipulators love it.
Gamble on the rapidly emerging sinusoidal pattern of uppers and downers and we’ll all be winners.
£4.56 BP High last month, for a pathetic dividend of approximately 4% yield? There are currently several UK renowned company's listed at £1.25 - £1.50; which are paying a yield of 8% - 12?
I think after 2025 oil supply be much less anyway which will affect bp profit won’t see over 5 then anyway.
Profits should be much higher in Q2 I think. The oil price has higher and refinery margins have been higher.
So theirs no chance of 5 before 2025?
Peter, the reason that we had such a good run to 450 recently, was due to high oil prices. Yet those same high oil prices which are the main driver in inflation, are holding us back. So the oil rise is neutral in terms of impact as you say.
But, ultimately, our profits are all that matters. If we report numbers anywhere close to Q1's in a month, it's going to be a right kerfuffle if we don't sail past 400 again once its confirmed that profits didn't slow down in Q2. 400 should be a baseline number at the moment and in fact we are lagging peers by some way, as they are largely back to pre pandemic SPs.
First it was a deflated SP because of worries over the profitability of our green direction, despite that being a long long term vision with us still being very heavily invested into the black stuff. That was why 500p was miles away.
Now its inflation worries, even though our industry and its profits are part of the reason why inflation is crazy.
Tinker
Even a 10 % rise in div would not do much for yield if sp went higher.
However 10% each year till 2025 would give about 5% at £5.00 sp.
(I think people will hope we are higher than £5 by 2025)
I do think however that there is a growing number of people who want a significant div rise sooner rather than later.
I kind of have a foot in both camps ( can see benefits of both strategies)
I am shocked it's under £4 to be honest.
500-550 I be happy with
JSB,
I think you’re right. Divi at he current level (fluctuating with Sterling) is about 17.5p per share per year. At SP of 400p that translates to a yield of 4.375. At SP of 450p then it’s down to 3.88%. 500 is 3.5%. You’d have to see real prospects of serious capital growth to want to risk your money for such a modest income.
Tinker
not to 600p/700p anyway
That means sp won’t go up till 2025 ?
I think its the dividend holding the SP back.
Or you could say…
What would the price be if there was no war & no recession worries! I’d say we’d be much higher without these and a lower $90 oil price!
Either way we can’t change the situation and there’s reasons for the drop! I’m certainly not bothered! There’s far worse performing stocks right now and even more important there’s far worse performing companies!
We’re making billions!
It was 583 in 2018 with average oil prices
More...
It begs the question, what would the SP be if oil was 'only' $75, a very healthy price.
350?
320?
Joke.
Hope we see 500 this year
200 dma has provided great support in the past, why not again ?
buy order set at 374p
Just been looking at Oil price this year
1 st quarter there was roughly one month of prices over 100 dollars
2 nd quarter has almost all been over 100 dollars.
Yet currently sp is not even 10% higher than the start of year even as oil is up about 50% .
Even allowing for a future recession it’s still hard to make sense of this.
Drop in poo was due to new month's contracts I think, so not really a drop.
Hopefully can get back up to 120 and BP to 450.
Maybe with refining capacity full poo will fall further, but BP share price could go up as they should be making very good profits on the refining
I'm going to jinx it as there is still plenty of time. Oil seemed to go from 115 to 108 ? I was expecting a larger drop on open.
380 again today guys.
The staged money making yo-yo continues!