Member Info for Barrieprov

Wondering what the future holds for STJ SP as attained £13 briefly but seems to be trapped in narrow range

Yes Theborn back in the 180s
Wished I had the spherical objects to buy more but I’m in quite deep for what I perceive is a risky share

Nice to see STJ back over £11

My gut feeling is that this share should be £18 in 18m-2yr and I probably should’ve topped up at around 1050 but heavily in Shell and Provident Financial Group and both have dropped back sharply removing my ability to liquidate some of my holdings - also my pension has taken a paper hit with the general market so falling back on other income to pay routine bills - eventually I think things will swing back but it could take some time

Can’t wait for an update on first half year’s trading

It’ll be pivotal in terms of SP reaction I believe as any profit without exceptional should make it obvious how lowly rated this company has become

Gutted Pernix
Could’ve sold at £24 but hung on for more
Greed before a fall so now I’m just buying for dividend yield which with a with strong dollar should be half decent and just hope the price doesn’t continue to fall

Still dropping down over 7% and below 19x OP futures price in $ terms - biggest daily move I think I’ve seen

I might dare to buy more Shell just don’t know where support level is

Don’t understand why Shell went up 82 yesterday as nothing has changed so fundamentally the market is behaving as though it doesn’t know what it’s doing!

One of those days it pays go have a traders sense of smell following a rise of 82 I suppose puts it in perspective as a drop of 18p wouldn’t feel so bad if it followed a day where the SP had remained flat!

Ubik_Fresh I agree patience is a virtue and if I was more liquid I might just keep buying

Also agree with other recent post that the company being coy about setting a date for an update maybe heaping negative sentiment on the share implying the possibility of bad news they don’t want to share until they absolutely have to

A p/e of 3 and share value leading to a market cap of 75% NAV could almost signal a perception the company is either about to be hit with an undisclosed provision that could lead to a breach of covenant with lenders or the FCA are about to dump a gargantuan bowel movement on the company

I’ve 3,000 shares currently £4000 out of the money despite buying some on the way down

Davethedumplin you’re right of course - recession fears!

On the other hand if the shares fall to 180 ahead of the results I’ll probably cut my losses as have made very high profits elsewhere and maybe market knows something I don’t.

That’s half what I paid not that long ago and is a classic example of blindsiding myself on a business I expected to
“do well” but macro economic concerns appear to have trumped my enthusiasm and attachment to the share.
Rule 1 don’t get emotional about stock !

I think the penny has finally dropped with me that the problem with the SP is exactly that.

Even if the results are good I’ve no doubt the market will talk down the prospects so I’m pretty sure the SP recovery will be more gradual and less rapid than I’d hoped so it’s just whether my nerves and my wife’s risk adversity can allow my desire to further average down to achieve a quicker exit!?

Anyone know what has caused Shell SP and FTSE to suddenly dive? Am checking OP

SP falling into my buy zone so think I’ll average down and calculate the yield I’ll be getting

Sorry Littleaston
Missed that - well said - do the possible expropriation of the asset is already taken into account in earnings report and cash flow estimates. At least that’s not going to move the dial as far as SP is concerned and if they sell off the asset to China it’ll be a bonus for the company though not so much for energy security!

Shel suddenly turned negative having been well up
I guess the intensification of Russian plans to expropriate assets may be behind it though Shel is a cash dispenser with declining debt and share capital following buybacks do while a temporary inconvenience not a long term threat to the potential of the business as Russia is going to be persona non grata for a generation

Reminds me of Dad’s army

Whistle while you work
Putin is a jerk
He’s half barmy
So’s his army

Our gain as SH but what about all those less well off that can’t afford to drive to work - time for government policy to be less punitive or it forces big oil like Shel to sell Russian investment infrastructure to the likes of China so we end up with no energy security

Shel up nearly 2% this morning but BP not and 19.5x OP which is full on

Confiscation of Russian assets would be blow but of course Government here won’t care they just want their WFT which is retrospective naturally

Shares down with market

Hard to say but starting to look good value on a dividend yield basis. £13 not long ago