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worth keeping an eye on what opec doing. https://www.opec.org/opec_web/en/multimedia/349.htm
couple the stress of economic effect of covid with an average or bad earnings and you get double trouble. and this is not going away the fed just cut rates with small effect the risk to buy into this market right now is to high for me i am selling every gain first thing. rather stay in a market that can keep it's gains.
there wont be any fireworks Feb 25 (Reuters) – Oilfield services provider Petrofac reported a 16.7% drop in core profit for 2019 on Tuesday and reiterated forecasts of a decline in revenue this year as it recovers from a hit to orders in Saudi Arabia and Iraq last year.
correct but governments will prop up markets some more and we will get these bounces just use them to close out positions. we may well see US/UK drop interest rates but we always seem last to the party. anyway the markets in US were so high anyway the selloff had to come and covid 19 helped it on it's way. keep hold of a lot of cash unless you are shorting there will be some real bargains on offer the hard bit is timing.
The Group's dividend policy targets a dividend cover over the long term of between 2.0x and 3.0x business performance net profit. In line with this policy, the Board is proposing a final dividend of 25.3 cents per share (2018: 25.3 cents). The final dividend will be paid on 22 May 2020 to eligible shareholders on the register at 24 April 2020 (the 'record date'). Shareholders who have not elected to receive dividends in US dollars will receive a sterling equivalent. Shareholders can elect by close of business on the record date to change their dividend currency election. Together with the interim dividend of 12.7 cents per share (2018: 12.7 cents), this gives a total dividend for the year of 38.0 cents per share (2018: 38.0 cents).
The Board takes a long-term view of its dividend and recognises the importance of dividends to shareholders. It will take into account a range of factors when setting any future dividend, including the Company's long-term dividend policy, historical performance, its long-term outlook, free cash flow and the position of its balance sheet. Consequently, in a year of transition, it currently expects to maintain the dividend in 2020 in anticipation of a return to growth.
don't no what chart your looking at but pfc hit 299p Friday and that was 2008 recession sp that's the only reason i got back in. any way why does it matter what i am doing and please don't slate me for using shorts to protect my money that's what it is there for.
ok i took a lose to get a gain hopefully. i took short positions as a hedge on the longs. i ended up with an average of about with an average of 402p so when sp jumped i got out. and back in at 301.8 i took a lose at the same time so not great but happy with that i guess . don't get me wrong this is on my trading account. my investment account isa is well down on pfc but i have been collecting dividends for years taking money out etc so i could not tell me or you were that is at.
the oil is down on the 8am trading session wg/pfc seem to move not on what oil has moved prior to 8am session does that make sense. we have opec meting 4/5 march but they will have to make some deep cuts. depending on your trading style sell half of holding on the false dawns like today or just hold also depends on your average mine is 302p but i heard people still buying at 330p i hope i am wrong but this could go 260-270 p the only reason i went back in is because pfc hit 2008 recession sp.
MBK to be honest i am not sure you will have to wait that long have a look at this it's very hard to compare but it's better than having nothing at all.https://www.webmd.com/lung/news/20030411/sars-timeline-of-outbreak#2
always risky mate i lost £1600 in the selloff trade and was a bit hot under the collar when it went 396p but i had made my choice and as i posted before i saw a lot more down side. so i am much more better off now 86 points to the good meaning 6k less of loses but 6k more of gains if i get back to 386p better of on total investment. but as i said still see more pain. hope to be wrong but it gets to the point were you have to pick an entry and 2008 sp was that point. just got to ride it out. but i can tell i have not had such a stressful week in years trying to limit damage to MY NASDAQ stocks has fried my brain somewhat. found the perfect hedge though NOVAVAX is riding the we are so close to vaccine hype.
well yes lets hope picked up some pfc at 301p but only because it hit 2008 recession price. sold off most of holding at 386p was lucky on that jump. so more than happy to get back in this low. but still see more down side to this. could of sold Friday at a nice profit but don't want to miss a reversal at these prices . i am happy with my risk verses reward now.
https://fred.stlouisfed.org/series/WILL5000PRFC#0 sar's virus started about 30/10/2002 the market effects of this started to diminish mid march 2003 .
jeffrey archer spring to mind but he ended up in a open prison with a better life than most people living on the bread line. then he wrote a book about it that made him lots of money i thought that was proceeds of crime' oh how the other half get treated. if it was one of us you could double the sentence and you would not be given a pen in the first place.
what makes me laugh about Barclays case they brought the wrong defendants to court the solicitors signed deal of and so did the banking authority. so a shed load of taxpayers money wasted again when will they learn that they are not fit for purpose.
gelston if you would of said you are going to put a buy order in at 320p i would of said you were crazy. and i thought i had caught this drop with my hedge that i sold of an Wednesday but luckily i also sold of some longs with it. but i am still not tempted to go back in yet.