Member Info for Barrieprov

Sorry SGB Investor my bad it appears it’s been paid today - don’t know why I thought it was tomorrow
As for rate if I’m not right it will be very close to amount I said

Think it’s paid tomorrow 23rd June and the 16c translates to 12.68p per share if memory serves

Concern over second wave has reached investor consciousness plus Fed dovish tone on rates followed by reality check on unemployment has tempered hopes of quick recovery but I’m in RDSB for the long haul and will continue to buy as close to £12 as possible - now £13

Agree I can’t see it

1msn do you have a source for this?

Seems counterintuitive with all the problems going on at the moment even if the Dow is contriving to recover all of its recent fall while the US and oil is still on its knees

See they’ve topped up
Good move on PFG this morning

Lucky gamble on OPEC+
Bought yesterday and quick 63p upswing
Don’t disagree with statements about longer term and Covid but will hold on rather than try to make quick buck

There’s news circulating about project disruption due to workers contracting Covid-19 which is no surprise but I tend to agree the recovery in the share price will be a Nike tick with 2647 a distant memory
Yield and risk factors associated with business transition to more diversified energy company
I’ll buy around £12 for yield short term as 4-4.5% is good in these markets accepting the capital risk on a 3-5 year view but would sell at £17 if it got there within 12m Nobody knows and all bets are off if there’s a second wave and / or the Coronavirus becomes embedded until a vaccine or Remdesivir plus plus is developed

I think dividend growth will be slow as now there’s been a reset the business will draw breath and balance the need to buy back shares with conserving cash to gradually through capex transform its model over the next 30 years to a carbon neutral energy business

That’s not my area of expertise to be honest but wearing my investor hat I’m basing my SP forecast on divi yield and trying to buy as much as I can at around £12.50 or below if I can get it if e.g. there’s a second spike in Covid-19 infections having been lucky to get some but not enough at £9.60 a while back. DYOR GLA and stay safe

Good to see a strong move on the shares today

Good to see the bounce especially when shares had dipped below £1.50
Strong move on St James’s Place today on good quarterly figures
Other end of the socioeconomic spectrum but nevertheless a good day for financials

Shares ex div today pays 22 June

The ex div amount is now only 16c per share so I think other factors are in play including worries about exiting lockdown too early and yes short bets on the market

I’m a buyer at £10 and a seller at £17 busy trying to average down but not in a hurry to buy even at this level as now less optimistic about the short term given shares down even though Brent July futures contract in positive territory it’s going to be a long slow recovery and the world may see a 2nd and 3rd wave but everyone has a different view so DYOR and GLA

Yes ex div on 14th
Brent Oil futures up 10% on easing storage fears though that could be temporary has mitigated my bad timing buying just before divi cut though I bought more at £12 - their yield at current price is 4% which isn’t too bad and hopefully far more sustainable. I think BP will follow and cut their dividend unless the virus is defeated sooner than expected

Yes caught me out I just bought some at 1450 feeling more optimistic on Remdesivir news and hope things might’ve resolved so now I’m going to have to double down they’re now down almost 150 :-(

You must be feeling vindicated today up 25% :-)

Just watching Amigo price dived at close
Good recovery PFG down 60 at one point
Market justifiably nervous - dreadful situation in Italy where death toll 969 in past 24 hours pushing them close to five figures

I salute whoever it was that flagged this following NSF decision

Shares down 35 as I expect people have realised impact of Covid-19 is more than just the divi cut but at least £40m saving will protect cash

Sensible move

Interesting hadn’t seen that

Indeed I stopped out on my last 500 at 151.6 but did at least cover my loss on RDSB move

It does look more positive so may swallow my pride and buy some back tomorrow as they’ve had a good run today so might drift back

GLA

Yes I’d been wondering the same and longer term the company has to refinance on a reduced credit rating presumably not just being a matter of cost but discretion though to be fair that’s a long way off and we’re way too soon to know how long this will go on
My other worry is the government will come down on the side of the borrowers to limit the impact of arrears and potentially offer forgiveness as you remark leave PFG and other lenders holding the baby. Annoyingly I hit my stop loss at 150 and saw the shares recover this morning but until things look calmer have decided to punt on a big bounce in RDSB when oil starts to recover hoping to plough some money back into PFG at some point
Hope your safe as hear it’s not great in Spain at the moment but then it’s worse in Italy