Member Info for Barrieprov

US figures a beat
PFG just popped up 8

Jim800

You’re absolutely right and I did sell some on the way up though of course you never get the top and yes with hindsight I might’ve come out of most of even all the position but I was afraid of missing a possible rebound so indeed I shall buy some back but the one month low was 2250 so still a way to go before I’d be tempted and I think with dividend rise next year hopefully the economy starts to recover the SP will break through its previous highs and vindicate the decision to hold

Think fall yesterday might have anticipated windfall tax but OP tumbling on China Covid cases sparking demand worries and inventory gains so likely SP will fall again today - maybe should’ve sold more above £25 - hey Ho

Think Shell goes ex div on 10th

Just read one in four have savings of <£100 so plenty of people out there need to borrow

Hi Nomad1

Good spot - nice one I’d not thought about overall trend

Thanks

Hi Boyobach or anyone who has an opinion is Shell dropping but BP is pretty stable??

Seems odd - OP down 0.75% so I’d expect both to be down a similar amount but maybe BP has the edge on dividend yield and it’s that simple? Thanks

I’m a holder rather than a buyer or seller most likely

Dmahon

If you look at the relative performance of the U.K. market currency adjusted post Brexit the U.K. has underperformed the US by almost 30% according to the FT

In other words there’s clearly a risk premium attached to U.K. equities and unfortunately we’ve a virtually illiterate and innumerate government devoid of integrity and talent running the asylum. It’s no coincidence that an anagram of our PM is hi risk an*s ?

Theborn

The price is drifting since I put the commentators curse on it this morning but I’m wondering if the reason for depressed SP is the sheer lack of visibility of the business

It’s a small cap in a sector that’s not loved by the public or regulators and the cost of living crisis is penetrating quite high up the socioeconomic strata such that we, the share owning fraternity that aren’t selling to pay our energy bills are now very much in the minority? Not an analytic or particularly informed viewpoint but my take on it

Up 7.90 on my screen

Also some significant buybacks and debt reduction is probably an underpin for equity strength

I recall Shell reached 2647p pre pandemic so was pleased to see it briefly touched 2557p briefly just 90p shy

Very different world now though in terms of dividend and oil price which seem to have cancelled out

It does seem to me this share should tilt to upside given SP is appreciating, exchange rate is moving in favour of $ strength and OP might be heading back towards three figures

GLA / DYOR but a £1 upward move over 2 days has left me feeling generally happy though I sold some earlier in week at 2441 thinking I’d done well LOL

https://uk.advfn.com/stock-market/london/provident-financial-PFG/share-news/Provident-Financial-PLC-Funding-Update/89469616

Positive news?

Boyobach

Yes I sold 250 of my holding but had sold cheap some time ago and am still £29,000 in money on realises and unrealised gains plus dividends- this share has been delightful as has my being on this BB where I feel I’ve learned a lot

Thanks Argentagold good hedge against inflation by sound of things - good luck

I’m holding 1,700 Shell hoping for £30 in next 12m so 20% ex dividends but maybe growth will be next slightly constrained to £26-£28 though that’s still comfortably above CPI

Indeed beatrootjuice
A modest increase this morning off back of rumour and China examining their airline policy- rise bound to be constrained but oil could be squeezed up to $100 / barrel so your 2550 sell order look feasible

Be nice to see Shell storm through £25 on relaxation of air travel restrictions leading to surge in demand for jet fuel

beatrootjuice

Wow OK you’re obviously a seasoned hand as £70K isn’t small change - I don’t think there’s such a thing as greed in these markets as I’ve been around long enough to remember getting murdered in the market post 911 as refused to double down when I’d have made it back in spades, instead taking a big hit because I couldn’t in all conscience profit after seeing people jumping out of a burning skyscraper I visited a few years before. Any money I make now is recouping those losses albeit I know many people will suffer hardship this winter it’s everyone for themselves with this government!
Good luck to you I shall raise a glass to you when SP crosses 2550!

beatrootjuice you’d have got your 2495 today at the top of the trading range

Fingers crossed you’ll get 2550 but the dividend will be solid if £ stays down against $ we’re looking at approaching
22.5p / share for a yield of 3.6% on today’s close that next year is due to increase by 15% or to 4.1% that’s starting to look a bit more in line with the FTSE blue chip rate of return
Meanwhile buy backs will potentially reduce dividend servicing cost thus increasing scope for payout to existing holders. Here’s hoping - I’m holding for £26-£28 in next 12m

It’s moved up towards £25 today but I hear you beatrootjuice
The yield and rise in interest rates is an issue but I think money is rotating into energy sector at last for that precise reason in that profits in big oil can support buybacks and progressive dividend policy with only WFT as headwind