Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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My buy last week at 880 is looking good. It brought my average on my holding down by a couple of quid a share too which is nice.
Could trade it, but not sure i want to. The update looks good for a sizeable return to investors once debt is reduced to only $65billion. (Only!)
Nice long term hold for me here
The dividend policy won't have made much difference to the debt position and, I think, gives institutions and income investors a clear pointer concerning divi policy, which should begin to underpin the sp.
With commodity dependent stocks, like RDS, I like to have a ‘rule of thumb’ sp in mind which helps me gauge how the underlying price is performing independently of the commodity.
Following todays Q3 report and recent sp action, my current model for RDS’ sp, which I feel is consistent with the new dividend policy and company guidance, places RDS at nominally 930 with Brent at $40, varying by about 20p for each $1 change in Brent. I’ll adjust this model as time goes by but it currently gives me a nominal value for RDS of 890 at $38 Brent which is in the ball park today and gives me some kind of reference to judge RDS over coming weeks and months.
Oil looks oversupplied. Not sure she’ll should have increased dividend. Focus should be fixing balance sheet. Reduce debt now
US GDP Soars By A Record 33.1% In Q3, Smashing Expectations
Bloomberg notes,
"while the report makes clear that the economy has found a solid footing for now, analysts caution that growth will be much more modest and choppy in months to come, especially as the spread of the virus gathers pace again and lawmakers remain in an extended deadlock over a new stimulus package.
Moreover, there are still nearly 11 million fewer workers on payrolls than there were before the pandemic hit, and analysts say a full recovery in GDP is at least several quarters away."
"a full recovery in GDP is at least several quarters away."
I would say Q2 2021 is when the US will really begin to move..by which time share prices will have adjusted accordingly ...IMO
I added too today !
Have to say i'm pleased with that.
Taking a long term view I actually added 1/3 to my holding today, and brought my average down quite considerably.
Yes i'm likely to be able to get cheaper from time to time over the next few months, but i don't want to spend that much time keeping an eye on the sp.
I'm looking at this as good value buy with an eye on divis for the next 5+ years
Well a nominal rise in dividend is most welcome, more for its sentiments than the cash elements. Various buerdan was more relaxed today in his manner. But under the mess of the world ATM he was extremely bullish, I thought. Would I buy shell today. Ummmm, big tech reports tonight in USA. Trump v Biden now only days b4 we know. I expect quite a few analyst companies to suggest RDS as a "buy" over the next week. But of course sods law states that with cv19 updates getting worriedly worse by the hour, stock markets selling off bigtime, I would hold fire till the cv19 lockdown picture clears. If Biden wins, many suggest a lockdown in USA is a gimme. Trump , the reverse. Here, back over 300 deaths yesterday & cases going through the roof, I believe a wait & see approach would be best. That's my take. But I must say , I'm pleased with today's update overall. A small glimmer of hope of a flicker of light at the end of a long tunnel. If I was a younger man, then taking a 5 year view this could be a nice little earner,. Especially if the dividend keeps rising year on year. Let's hope it does however small. We have hope .