Member Info for bewareshadows

It did reach 650 post dividend. The bond issue was the big unknown that hit this almost as hard as the drop in oil.

It's always easy to be smart after the event but in the end we are all weighing up pros and cons, risk and reward. The oil price did fall and it has recovered, it did not fall as far as some thought, but it has not recovered to were it was. So no one gets it 100% right. For me this feels like a good level to remove my buy from Tuesday and cash in a little. Long term I still expect growth, but that requires the company to do something. For the past month this share has all been about the oil price and the failed bond issue. I did not see the bond issue, if I had I may have cashed out completely at 650. But at the moment I will dip in and out of this share as oil fluctuates. Leaving my long term investment in place. If oil drops again I'll be back in with more money and cash out again at 77-78 dollars a barrel as that to me feels fair value.

Time to take a little profit today. Not a bad little trade 544 - 591.

Another little rise today

We'll find out in a few days. Should find out if some shorts closed in Tuesday tomorrow.

The algo bot is having server issues.

Nope nothing to see here. 😀

Yep playing them like a fiddle. All the players are taking their cut. Still reckon on Friday it will show shorts reduced on Tuesday. Oh to have big money.

People were bound to short when oil was near 80, it was odds on that it would fall back rather than head to 85 or 90. If I had the money I would have hedged pfc myself when it hit., 650 just off oil.

I'm surprised they still have a final salary scheme. https://www.telegraph.co.uk/business/2018/03/19/bt-seals-deal-union-shut-final-salary-pension-scheme/ This article puts some blame for the increasing deficit on low interest rates. The inflation target is 2%. It was 2% before the financial crash and interest rates where much higher. Interest rates are not always so much lower than inflation, that's just been the trend for the last 10 years.

Seems like a decent buy in price to me, its not been this low since the 2008 crash. Dividend yeild 7% which is good if the dividend holds. Debt seems to be the major problem here, but I've seen companies cut debt quickly. Eg Glencore. Then their share price quadrupled.

Thats fine I have no doubt there will be an RNS soon, I just assumed goldy had some heads up about an RNS. Not that it matters too much to me as I'm already fully invested here.

If it's a guess that's fine. But there was no question mark.

Any basis for an RNS tomorrow? If it's the rise today I'd put money on that being some short positions closing. Makes sense if you short at 650 to close at 550-570. Easy money.

Held your powder well there. Didn't expect it to dip that low.

Cheers Abzzba. We've had a few news releases with no RNS, I'm assuming these are just contracts that are too small to be worth releasing as a RNS. Looks like the drop was over done this morning. Always happy to snaffle a few more shares when there is a bargain brewing.

Sorry just noticed. Ignore last post.

Which contract win?

For me yes. Its a few percent off its 52 week high. It only yeilds 1% ish. I was originally in at 75p. And copper prices whilst not top dollar are highish. Others may see more value, but for me BT and PFC have both better income and growth potential. Of course copper could hit 4 and Glen would rocket.

Depends were you see value. I'm in a few stocks but bt and pfc are were I saw value today. I can understand you not wanting to put more in PFC. I missed out on Glen and I would not be interested at these levels. Uu always seems like a safe bet. I mainly go for good dividends.