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A few views here stating that buy backs will eventually produce a higher share price and dividend; but is there anything stopping the BP board re issuing the shares at a later date if they want to fund a project?
Https://www.barrons.com/articles/bp-oil-clean-energy-acquisitions-c35ba4d7
My view through my Rose tinted Glasses,
Is that perhaps BP is a restoring Dividend play.
As Happy has highlighted there does seem a high likelihood of a 10% div hike next quarter.
As I said a couple of days ago 3 years of 10% div hike and you are back to pre cut dividend levels.
That’s either one hell,of a yield or a sp near £7.
That enough to keep me invested here.
But that’s okay if it fits your time scale
I decided to add at 492 this morning. I will do similar at around 470 and 450 if we continue to slide. Seems like a good long-term ISA hold to me.
Sorry but both BP & SHEL underperformed the oil sector! That’s why SHEL wants out of UK.
Agree - tried to catch it last time at 488/482 and it dropped to 445 before I sold at 538 - hencewhy I say fix your re-entry point
According to CNN Shell and Total Energies are considering moving their listings to US .
No mention of BP
Under performed Shell by 21% in the past year.
Seems to always underperform shell..........
You never know when this share will stop dropping. I was told never try to catch a falling knife. Let's see when US opens.
Notwithstanding my concerns about management, I'll be happy to top up if sp falls back again to around 450.
No, I feel they are doing what is best for real long term investors, rather than short term traders. Just my take.
Having said that and I am saying this a holder of a good chunk of shares, they are not inpiring me that much vs say Shell.
The CEO is just fiddling, slowly, would have liked to see a bit more instant change of strategy, but I think the board is the real, underlying problem here.
Did not expect to see subb £5 again, time to re-evaluate if BP should be one of my LTH.
I have added because clearly sp down on sentiment - which can be fixed within this quarter.
Interesting you're done with it Gingy! if bp has taught me anything over the last 2-3 years is it trades like a Yo-Yo on sentiment alone. There's an easy 10% + Divi to be made here if you buy c: 450-475 - OPEC has set its stall out and bp's business keeps generating cash. Bit boring, but reliable.
Investrat, I've come to the conclusion that its not in their interest to see the share price rising due to the buyback process. In other words they are stuffing two fingers at the ordinary investors. To answer your question I think we would've seen a considerable increment.
Buyback strategy off to it’s usual influence on SP already this morning ;)
What would have happened had they announced even a minor raise in dividend instead ?
Good morning all, still looking in from time to time. Not looking good here. I think BP has had it's day as far as the big return from oil. Personally I'm glad I got out. Good luck all .
Still feeling all rose tinted and positive you guys that posted yesterday about conference call? Market doesn't agree with you not did I yesterday. Blinkered by stagnation
Wow BP run for its Board and Staff... Not interested in shareholder returns
Jezzoo
Only hope I can give you is the start of the buybacks might help.
Been none for almost a week.
Not a good start
I read a lots of complains re buy back and all, next time consider the following : the consequence of buying buck your own shares implies trust in the value of the company from those within and more importantly reduce share count allowing for future increases in dividend pay outs. So to those who want higher divi like myself the correct way to get there is through reducing the number of shares , increasing in eps and at the end increase in the divi, so be patient, as ashareholders ci also have omplains about the mgt however in this case they are doing something right. Investing in quality cash generating companies is all about patience . as the German proverb goes geduld uberwindet alles