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BoBetts, time will tell of course. I am happy to wait as even if it takes unto 2023, the dividends are good despite the reduction by 50%, relative to other options.
I think people are underestimating the effect on share buy back on the SP. All IMO.
I was lucky in that I got access to my pension lump sum at a time when the markets had dipped. I initially bought into the UK banks and Big Oil as the sectors both had slumped with the pandemic. I took a note of the prices that I bought the bank shares. Comparing that list with big oil today, the financial sector has recovered quicker but I am of the opinion that we still have to wait the world opens up to people using airlines and other forms of transport. I am looking forward to seeing Q1 results to see ifthe demand has improverd. We can all agree that the POO has improved but has the demand on a global term. I was lucky in the fact that I had a lot of spare time in Oct where I bought Big Oil at low prices. Currently I would have been financially better off holding the bank shares as they have recovered quicker but this is a different sector we are talking about. I think I did catch some at the bottom with some of my BP purchases being 191 and 191 and RDSB was 863 and 867. Having bailed out too quick previously I am just going to sit back and wait. Good luck to all holders and keep the faith in the sector and read all the info on the BB and elsewhere.
you are a very very lucky person.....
Caught both near the bottom.
Well done.....
I managed to do the opposite.
BP £3.20
RDSB £14.50
Duh.............
I agree with others. Hold onto the shares and take the dividends. I bought BP at the beginning of last August for an average of 284.50. I bought a lot on October for an average of 200. I have held onto the shares during that period. Only thingI have done is to transfer funds between my share account and my ISA and SIPP accounts. So if you were to look at the price last August compared to today, I have held the shares for nearly 9 months and the SP has incresed from 284.5 to 302, approx. 6%. I am not complaining as I managed to get alot during October when the price was below 200. I am going to hold until the shares reach 500 and then I will sell and enjoy the profits for my retirement. I am willing to wait until 2022. I don't need the money at the moment. Better than getting 0.1% interest in a savings account in a bank. That is the way I think.My BP average is 227.8 and my RDSB average is 977.8 so just going to hold, re-invest the dividends each quarter and wait until 2022 or whenever the shares give a better return. I had to wait 30 years to get the funds from my pension so another couple of years won't matter.
Mioneyboy5000 & others, some excellent quotes from one much better at this than I & I dare say most. "Never buy a share you wouldn't hold for 10 years" "If the business does well the stock eventually follows" "Rule number one never lose money. Rule number two, never forget rule number one" "Our favourite holding period is forever." As others have said on here patience is the key, so if you aint got it get out.??
Moneyboy5000 - When did you buy your shares at £2.95?
Great advice sharefall,
Im not sure what Moneyboy expected but BP is acting in line with most other major oilers.
Covid, Green Transition and various worries about the future are holding msny shares back at present...
Agree it is frustrating but while POO is ok currently, volume being sold is way lower than usual so profit will not be as big. However, structural changes, trimming of the fat etc done in the last 12 months will mean a huge rebound when things do pick up. this is really only going to happen when Europe gets its act together and countries like India manage to control the pandemic and I suspect this will be in Q3-4 2021. So patience is needed but if you can hold, as I absolutely intend to, 550 SP by Q2 2022 is likely IMO. Meanwhile the dividend is still better than you will get in most companies or from interest in any bank or cash ISA.
These prices are a once in a decade opportunity. Don't lose out due to impatience is my advice and opinion. ATB
This share is not performing! are we all living in a dream world thinking that on 27th April the SP is going to be/go higher? i bought my shares at £2.95 & have had enough, i am going to wait until the 27th April & more than likely sell if they still don't rise
What the hell does it take for this share to move up? The price of a barrel of oil at £150.00 maybe?????????
Very frustrated!