Member Info for Barrieprov

Multiple 24 today

Be interesting to see if Shell multiple of SP to OP falls or SP moves on as $exchange will boost dividend

Thanks Theborn not long to wait now then before shares either pop or tank

Neversellshell22 was right shares have bounced 50p off low struck earlier today

Missed your posts Boyobach
Glad to hear you’re well

Neversellshell22

Just registering a level of concern that the proverbial pot of gold is always just over the horizon

If it’s not tax, politics, international conflict, management deficiencies or massaging the figures there’ll be the next thing that suppresses the immediate realisation of my investment goal - that said I can’t complain I just wonder had I placed the same amount in capital in BP at the same time what I might now be up but then no one made a bad investment decision in hindsight !! DYOR GLA

It’d be good to see context but I’m now wishing I’d split my investment as SP though higher relative to OP recently has definitely lagged other majors as commented on here

Hi Jim800 sorry you’re right of course I sometimes forget that my hedge v fuel and domestic heating costs leaves me more fortunate than millions so let’s see what comes

Hi Kitesurfa

Not now and OPEC+ just cut oil production by 2mbpd so Shel up 42

I’m not one for these but let’s just muse

Truss used to work for Shell

She’s painted herself into a corner on WFT

BVB is off to pastures new so what better alibi than the CEO of an oil major is saying to government FFS tax us

Check his phone records

After all the cut in 45% tax wasn’t Truss’s idea it seems now but KK even though she now says she supports the principle

In essence here is someone trying to lead from behind just like Johnson did and be everyone’s friend whereas in reality she and her party membership don’t give a flying foxtrot for the majority of us outside the far right / donors to the party and she and a classics scholar appear to understand markets better than the IMF former US treasury Secretary, ECB and ex MPC member and BOE deputy Governor

Either way Shel down this morning with no fall in OP at opening

Ah that’s better $92/barrel £23.50 range
Been a little while

The fall in value of GBP v $ will serve to ip dividend albeit artificially but I’d welcome a tangible increase in yield to move SP out of its recent trading range

Theborn

True but I guess the current budget fiasco must be a factor as it’ll undermine creditworthiness of borrowers that form their target customers? Mortgage and rent issues / energy costs to mention but two. I’m holding on though may have to reinstate a stop loss on some of my holding perhaps if the shares stay below 160 for more than three trading sessions!

Bold move bigpunt as shares having a dreadful day but reaction to trussonomics one assumes

Theborn

Looks like you’re right

Almost got yo £2 now £1.73 in just two sessions

Very disappointing response given government interventions but assume interest rate rise is biggest risk factor for default and borrowing

326,800 at 195.123
100,000 and 400,000 at 183.75 reported 7/12 minutes later and prove down 9.2% which is most of the last 3 weeks gain wiped - disappointing doesn’t cover it!!
I’m holding as cannot countenance selling at this level but the company better come out with a positive set of results and a profit of £100m for the year or the management should pack it in and look for a buyer !

IMHO it’s the rise I. Interest rates that’s trashed the share price as the assumption is borrowers will not be able to repay and impairment will up

Hi Larry

Probably a buying opportunity but I’m a bit stretched just now - still historically still quite high so think I’ll wait until my liquidity improves

I’m also in PFG - financial sector and it seems like it maybe starting on a long road to recovery but is currently dreadfully out of the money so no way am I a seller

Yes spotted that Thanks

Did consider reinvesting when SP in 160s but didn’t know enough about why it’d fallen so far but happy to hold and see losses decreasing as topped up in 180s and have what for me is a decent size position

Thanks Larry

Do you think that’s what explains sharp fall in shell today or is it simply a correction in relationship between OP and SP following Boyobach’s statistics?