Member Info for Barrieprov

Hi Theborn

I like your assessment better than mine and am inclined to follow your lead though with a modest addition and without any sense of you having recommended it.

As you say time will tell but your analysis is well thought out and logical IMHO thanks

Hi Theborn

I couldn’t agree more - don’t understand what’s keeping this share down but wary of buying more just in case something is wrong

It’s possible there’s concern over impairment risk due to energy costs disproportionately impacting their customer base which is possible as even though they’re target market is near prime even those are at risk in current market

Shares down by dividend amount and I’m in at average of 327-338 in two blocks so quite a bit out of the money just now

NoQuestionMarks Interesting that OP sharply declined over past couple of hours yet SP has plumbed new highs!
Past 2250 albeit there could be a delayed reaction

OP has ticked up that’ll help too but be great to see £23/£24 as not expected that until later this year

Theborn

Managed to lose my draft but couldn’t agree more

I’ve bought recently at 360 / 355 / 326 / 322 and then 290 just the other day but didn’t have the guts to go for it at 220 as was worried the market knew something I didn’t

I’d love to see 450-500 but am not sure how long it’ll take for the results to catch up with the target price?

As you say a 12p dividend ain’t bad at the current price being a bit better than 4% yield with the chance of increased distribution of profits from 30% to 40%

Going to make one more buy around current level or below to drive my average down to c 325 for a 50% return over maybe a year or two but would love to see a doubling of the price from here which isn’t looney tune stuff??

Thanks for the technical analysis Boyobach
I’m loving the recent trend in the shares and am going to hold tight having probably offloaded 375 shares a bit prematurely in 125 instalments at 1927 at 2002 and at 2067 so losing say £625-£650 compared to what I’d have if sold at Friday’s close. Can’t complain though as current average puts me £8.50 a share in the money on my 2,000 holding.

Interesting Shsrefall as I too was thinking maybe £25 to start offloading and I too thought that might be a year or two away so just keep taking the dividends and ride the risk government hits the company with a windfall tax though that’d be political suicide if it were judged a confiscation rather than hypothecation to eg the NHS and also if it damaged the business case for a green transition investment albeit who can imagine what the cash generation will be this quarter other than massive and the sensible thing to do is pay down debt rather than be seen to be giving shareholders a bounty when people can’t pay their energy bills!

I’m not a big holder with just 2,000 shares and wished I’d borrowed and bet the ranch at £8.50 but that’s 20:20 hindsight speak given we weren’t sure we hadn’t entered the 12 monkeys scenario back then! GLA and please keep producing those charts Boyobach as they’re super informative and interesting - I’m enjoying my time on this BB having been on some that are no better than Twitter spats!

Whoa that is odd whackford - maybe if you get the regular reports there’s a customer service number you can ring
Any problem I’ll get my partner to look up to see if there’s a contact number or if you go his branch given as I say ours turned up on time last Monday but we’ve held the shares for a long time so might be we’re in the groove

Shell is starting to look like trading share having fallen two days running it bounces much the same amount
I’m not willing to risk profits and will remain a CV long term holder having trimmed my exposure to 2000 shares to take a little profit along the way - good luck all - I see target price has been raised to £26-£27 range which would result in me doubling my initial investment

We use Barclays Smart Investor account - money was in first thing Monday and account runs smooth and dealing costs very reasonable but I think requires Barclays account - my partner and I are with Barclays anyway so not sure but get quarterly reports and end of year tax summaries all of which helps us manage our investments and tax affairs - good luck

News of appointment to cards division obviously well received

Wish I’d bought some at 1180 but just sold my small position at 1412 for modest profit and will look to get in again in a bit larger way if they fall back though they might continue up if the Ukraine situation improves- GLA DYOR

I’m missing seeing excellent posts from Boyobach relating SP and OP movement but I’m guessing the SP response is conservative given where we are on OP due to impact which I can’t quantify in terms of Russia divestment.
Anyway looking forward to results and more info on dividend payments this year and I’m holding though tempted to take profit at some point depending on where people think the SP might end up short term? I’d pencilled £22 by Summer which we might best if Russia situation doesn’t cause too much grief

Happy to read comments and GLA DYOR as usual

An 8.5% Putin fall this morning requires some holding of nerve and on balance I think I probably need to sit tight but below £3.00 feels like a long term buying signal
Meanwhile I declare I’ve a position in Shel and doing OK there so might switch some money across

Agree
The idea of a windfall tax is nonsense - the underlying cost of the commodities that Shell trades are influenced by external factors - the government wastes taxpayers money and any levy would just stop oil majors investing in transition to clean energy as trading profits are there not just to pay dividends but control debt and support investment

Yes I was going to sell some at £20 but am mesmerised by prospect of 2200-2400 this year depending on OP especially if latter goes over $100/barrel

I’m not sure how to answer that but it might be useful to look at the maximum number of shares that could be cancelled as a proportion of total 7.65 billion currently in issue and relate to market capitalisation- some what if sums can then be done but from my point of view it increases my fractional ownership of the company and reduces the cost of paying dividends and so price on a yield adjusted basis

Fingers crossed - damn predictive text

Yes me too
I believe in the company so will follow your example and top up - if I’m right the increased holding and lower average price will reward me - h FGH infers Cross they pay a dividend as that’ll help too

Looking forward to results announcement on Thursday
I’ve a feeling dividend will be progressive as cash generated will be strong based on OP - we’ll see GLA DYOR