Member Info for Bigbadbaz

British Coal was a nationalised industry as you know.When it came into being in 1947 (NCB) there was already in plan the rundown of the industry.There was no way ever that they would have been allowed to diversify to anything. The miners union tried to run the country and were mangled for it. The miners were always gonny get it in the neck, Arthur Scargill just speeded it up. FYI I was 20 years underground as an electrical engineer.

''For me this is a good strategy. One that the likes of British Coal didn't do.'' British Coal was a labour intensive industry formed only to mine coal.Where were you gonna put 300,000 ex miners on wind farms?

And tomorrow the ''Fool'' will give you 6 reasons to buy them.

The £28 million sell is an UC (uncrossing trade) and is not a real trade.

The divi was my income so BP has just retired me and now gives me 50% of my wages as a pension.

7 am

lol, ok dhub is gaelic for black.I thought it was a play on words.

Dhub, I have a holding in BP. bordering on financial insanity.However it was not always insanity,things change.Would I be correct in thinking your name is ''Black''

According to the Sunday Times ''We may have a dividend cut of up to 2/3rds. '' Well their guess is as good as anybody else's but that is all it is,just a guess.They did not cut it the last time when things were dire so there is every chance they might not cut it again.What do I know? nothing,but my guess is as good as the Sunday Times who only picked 2/3 cut because Shell did it,

''If thousands of investors get the colly wobbles and bailed before it went ex, wouldnt that save a lot of money...''==========I take it this was said in jest?.

''Bought more at 290 , will sell my 294 position to average down''-------------------------Ceders,you lost me with that one.

''This will head further down if the dividend is cut, then its a "buy" for a short term trade''-------And if the divi is no cut it will be a great buy as well but you will be too late.

You must be thinking of Hughie Green, ''Double your money and take it away''.

''I believe we have bottomed, this is a much safer stock than IAG.''--------L hope you are correct.Aug 4th all will become clear.

''BTW looks like you are having fun with IAG...''--------Now now Ceders,we are not exactly roaring ahead are we?.Next tuesday it might be us.

''bBB aka the Oracle'', SP,I wish.People on here are commenting as if it is a done deal ie divi cut/cancellation.It might be cut,it might be cancelled.There are people out there that know what is coming but those people are not commenting on here.

''Not sure who will buy at this price, wait for the divi to be cancelled then buy on the drop'' The divi will be cancelled?.Do you have insider knowledge of this?.

''they would have been better to have sold when the SP hit a spike up to 366p '' And even better to have sold in January at a fiver. Hindsight is not available when you need it.

I am sure the dividend will be cut but perhaps the cut might be smaller than the market expects (50% cut has been widely touted).And was touted the last time.Wait and see.

RH, Beni I wish.Hope to get back there by October. The mine will be producing before I go abroad again,this virus will not go away quietly.We live in hope.