The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Yes, stevebt, I see what you mean - timing those two looks very tricky. Looking at the longer term view of RDS v PSN. Over two years that's an interesting comparison: https://invst.ly/uqudn . If it's any consolation, then I can see that switching from PSN to RDS any time during September to mid-November (when RDS was around £10) was about the only recent window when it might have been advantageous: https://invst.ly/uqus3
BoyoBach,
I sold some of my PSN holding last year, I still think I did the right thing just ,y timing was awful as I would of definitely sold some PSN at £32 and I would of had more RDSB share at this price point. I won’t sell any more PSN shares now till they go over £34.
Stevebt: I sold a load of persimmon shares at £26 to buy more RDSB shares at £10….Since then persimmon has risen loads and oil hasn’t,
When exactly did you do that? Persimmon has been behind RDS all the way through since RDSb was £10 as far as I can see, especially during January and March, when it seems you could have done way better with your RDS bought at £10:
https://invst.ly/uqjv-
@steve I would sold them to and bought RDS and BP.
How wrong we were...
Big oil is taking its time to rise, I sold a load of persimmon shares at £26 to buy more RDSB shares at £10. I worked out there was more money to be made that way? Since then persimmon has risen loads and oil hasn’t, my timing wasn’t ver well thought out.
Well the usa jobs report has shown people are happy to sit at home on furlough or benefits than return to work. With little hospitality venues open people ate cooped up at home & little reason to seek work. Online retail & telecommunications & the faangs will benefit, but Antone expecting this huge comeback in 2021 are burying their head up their hole. I'd love to be wrong but I doubt anymore dividend increase this year. 8 months left to prove me wrong. Alls I know is Vodafone, tesco, Saintsbury, BT & most others who slash the divi, don't recover their previous share prices. Look how well those above shares have done in cv19, but share price still £s away from b4. That's the reality. All this optimism is base on hope. The oil price has risen sharply, but has that anchor on CNBC showed b4 the oil shares do not follow suit, like years previously. That the new normal. This & bp are at these depressed levels for a good while yet , with £16 looking a long way off. Hope I find, as in life is soon extinguished. At these levels were open to any setback in the macro world. Only time can prove me wrong, but as of today , Vodafone , Saintsbury's, tesco & shell haven't proven me wrong in my predictions. Time will tell.