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There have been more new detections of coronavirus outside China than inside, in a major turning point in the international spread of Covid-19, the World Health Organization reports.
Before the supermarket price war where Aldi & lidels kicked the crap out of tesco., Their share price was £3 60 ISH I recall with a good dividend. No where near that dividend now or share price. Ditto at Sainsbury's, where share price was nearly £4. Share price now down around 40%, the same amount as the dividend was cut. Once a company cut the dividend based on profits it doesn't recover , but just drifts along , as Tesco & Sainsbury's prove. The banking crisis saw off alliance & Leicester, Bradford & bingley , Northern rock with investors losing billions. Barclays & Lloyds now in the drifter category. Once paid over 30p dividend. What do they pay now. Their'll never gonna recover to those share prices or dividends. HSBC laying off staff galore. Banks can't make any huge profits. If interests rates are put up by B O E OR FED, there soon reduced as banks realize people can't find the extra money on their loans or morgage. Is not rocket science. I recall interest rates of 5% on 1 year bank accounts 15 years ago. Them rates are not coming back in our lifetime. Nor will Barclays , Lloyds, Tesco, Sainsbury's achieve their high share prices or previous dividend payout. Unfortunately that's the road ahead I see for oil stocks. Let's hope I'm wrong for all our sakes. Where would the share price be without the buy backs.
Well, at least it's not down today. Mind you it's early yet. This I my take for what it's worth going forward.
When I held Vodafone, yes I know yawn yawn, the price of £2 meant you could sleep at night. The second it fell below £2 an unease fell on the shareholders. Well for shell that price is £20 imo.
Stock markets go up to go down. In truth since president tramp was elected stock markets have surged. But on close inspection, the truth is it's been mainly off the back of the FAANG stocks, with a few others, Tesla, beyond meat etc etc.
When stock markets rise & they will many shares won't ride with it. And this will lag the risers by some way. Every share I've owned follows this pattern. Does well for a while, good dividend, ride out the falls, keep topping up. But there always comes a time when push comes to shove. And that's now imo. I'm not saying this won't see £24 & above again, but in what time frame. There's little buffer now from any bad news. This is a slow slide to levels that usually the S P doesn't fully recover. That's my view.