Member Info for adeg1

Still down 31% in a year, they have a long way to go yet.

Sounds ok to me. I'm happy to keep buying more and continue to milk the cash cow.

"After 2030 Strategy costs and the first instalment of the Delaware settlement, we expect to generate free cash flow of at least £2.2 billion in FY26, in line with previous guidance. Growth in operating profit combined with the impact of our ongoing share buyback is expected to result in at least high single-digit adjusted earnings per share for the full year. At current rates, foreign exchange translation is expected to be a headwind of 0-1.0% to net revenue, adjusted operating profit and earnings per share.

Looking beyond the current fiscal year, we remain committed to the plans and medium-term guidance we provided in our 2030 Strategy in March 2025 to generate another five years of sustainable growth and long-term shareholder value through a progressive dividend and an evergreen share buyback."

Buy backs don't work like that. If the market drops the shareprice then the people running the buy back are not there to determine that this means it is now better value and buy more. They just purchase based on the volumes traded during the day.

It's called a buying opportunity. The lowershare price just means that the buy back is more effective in the long term. the company is still generating £2.2 billion per year in free cashflow every year, paying a dividend and buying back shares. This is a long term buy and hold, enjoy the dividends and look at the shareprice in 10 years time.

Yes got another 45 years to go if I live to the same age as my grandad did.

All helps the buy back. Aiming to be the last shareholder left as the buy back keeps going, want to own 100% of this cash cow.

Https://www.thisismoney.co.uk/money/markets/article-15719771/BP-chairman-fight-survival-revolt-grows-green-retreat-refocus-oil-gas.html

I don't get it. BP's job is to get fossil fuels out the ground and sell them. If shareholders don't want to invest in a company because of that then don't do it. if you want to invest in renewables then invest in a company that does that such as UKW or TRIG.

Stop moaning and sell your shares or accept it and enjoy the dividends.

I think we would all be happy with £114 per share. I assume you mean 114p.

L&G continued to pay dividends all the way through World War 2. I don't see why this would be any different if World War 3 started tomorrow. Subject to Trump targeting an ICBM at One Coleman Street.

The arguement works the other way as well, that if you need more income then you could sell some of your shares and keep your % holding the same. I do think though that buy backs only work were there is a significant discount to NAV or they are for a significant amount of the business, i.e. greater than 10% per year.

There's nothing that says you have to sell 100% of your holding and there's nothing wrong with banking a profit. Topslice 105/20%/30% you then bank some of the profit but continue to enjoy the ride to 10,000.

I don't think they are good at all. Not enough to warrent a 42% increase in the share price over the last 12 months.

ROCE down, EPS and annual dividend the same, cashflow down.

The share price going down is only a problem if you are looking to sell. If you are looking to buy more then it's a positive as the yield is increasing.

You don't need to sell all of them, bank some profit and keep the rest.

Why would you do a share buyback when the shareprice is nearly double the net assets? Would have been much better to double the dividend and let the owners choose where to invest thier own money.

It dropped to under £19 when it did this in 2022. When to buy is the question and how low will it go.

3 years left, until he's replaced.

They will pay with Rio shares, therefore I'd much rather those shares are £62 each vs £45 each.

I hope he earns that pay packet.

I'm already buying BP, so they don't need to bother! Just increase the Shell dividend so I can buy more BP shares.