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With the pandemic get worse through the Northern hemisphere this winter, sub £9 seems to be a possibility.
If it does hit £8.75 again, I’ll top up another 2000 shares to get my average price to £9.50.
Will the SP retest £9 ex divided
I agree with Boyobach. My decision to buy was also not premised upon an effective vaccine being developed . But rather, human resilience and adaptability.
Electric cars and renewable energy if not going to replace oil in the next 10 years.
We should find a way out of this mess in a year or two. It may require us to give up some personal freedoms for the greater good of all. That’s how Asian countries have been tackling it thus far.
In the mean time, if Shell maintains its yearly dividend at the current 48 pence, based on my average purchase price of £10, I’ll be getting 4.8% returns. Even it halves, it’s still a very decent return in current circumstances.
At worst case scenario, Shell gets to say £14 in 5 years, that would still give me a return of say more than 50%.
Best case scenario could even be £20.
I don’t think Shell is going bust anytime soon.
So at £8.50, it’s really a non brainier to me.
Of course, it may go down to £7 by end of winter if no vaccine is found.
But then summer comes.
As day shall follow night, things will get better and as long as Shell doesn’t go bust the SP will recover.
That’s the gamble I’ve taken. I hope it pays off.
At 49, I still can afford this gamble.
Is 850 going to hold.
WTI down almost 6%.
Europe contemplating lockdowns.
Election uncertainty in US.
The perfect storm is brewing.
Wow, so much have changed in 1 day.
Looks like we are looking at 850.
Hopefully it holds.
Well, it just breached 890.
Whilst I know that in the long run, it would make much difference but I’m just a bit dissapointed I didn’t hold for 890.
Anyway, it’s history now.
It’s probably going to get worse before it gets better.
Hopefully, I’ve made the right decision in betting £30,000 on RDSB.
From Bloomberg
(Bloomberg) -- HSBC Holdings Plc has given the clearest sign yet that it will aim to pay a full-year dividend, as losses stemming from the pandemic ebbed and helped Europe’s biggest bank beat third-quarter earnings estimates.
HSBC Targets Conservative Return to Dividends on Profit Beat
https://www.bloomberg.com/news/articles/2020-10-27/hsbc-flags-conservative-return-to-dividends-on-profit-beat-kgrrd3wz
What does full dividend mean?
Hi guys.
I pulled the trigger today. Got 1500 shares at £9.00.
Total RDSB shares to date is 3000 shares at average SP of £10.
Looking forward to collecting the dividends whilst I wait for RDSB to go back to £20.
Willing to wait 10 years but somehow I have a feeling that it may happen in 5 years.
A 3% drop from It’s close of 9.16 would see it go below 8.90.
Q3 Results out this week.
I wonder where the SP will be ?
If they indicate dividend will Be reinstated in 2021, we could see 350.
However, if the numbers are bad, we could revisit 300.
I’m invested in HK at an average price of HKD33 and am looking to doubling my investment at HKD27 to bring my average to HKD30.
See recent article on Bloomberg titled
Big Oil Loses Refining Crutch With Margins Crushed Last Quarter
https://finance.yahoo.com/news/big-oil-loses-refining-crutch-080000099.html
“ 4. LNG Lag
Investors have been given plenty of warning that the brunt of Covid-19’s impact on liquid natural gas trading is only hitting balance sheets now. The largest LNG producers typically sell under long-term contracts that are linked to oil prices. These usually have a lag of three to six months.
Shell, the world’s largest LNG trader, is expecting a “significant impact” on LNG margins in the third quarter. About 80% of its term sales this year are linked to oil and have a price lag of up to six months, it said in a trading update.”
Would this or anything else expected to have an impact on RDSB SP next week?
Thanks Pokerchips.
I’m set to go in at 890. Personally that’s the magic number for me as it would mean that my average purchase price would be £10 for 3000 shares.
If it does go lower than 890, I may even top up some more. But for now, I’ll be happy to buy in at 890 and enjoy the dividend whilst I wait out this pandemic to end.
With what promises to be a very bleak winter in the Northern Hemisphere, it may even go lower than 890 but as the saying goes, you can’t catch a falling knife.
Having said that I’ll be happy to buy at 890 even if it does go lower than that by end 2020.
https://www.cnbc.com/2020/10/23/oil-markets-coronavirus.html
I need it to go down 50p to get my TP of 890
https://oilprice.com/Energy/Energy-General/Oil-Prices-Slip-Again-As-COVID-Cases-Surge.html
More bad news for oil
https://oilprice.com/Energy/Energy-General/Oil-Prices-Slip-Again-As-COVID-Cases-Surge.html
https://oilprice.com/Latest-Energy-News/World-News/More-Libyan-Oil-Set-To-Return-To-Market-As-Factions-Sign-Ceasefire.html
Will this mean RDSB retests 890 next week?
Wow , from 890 to 950.
I hope I haven't missed out on the boat.
Still going to hold on for 890 and double up when if comes.
Winter is going to be long and hard .
I think stimulus and a vaccine are the only things stopping it from retesting 890.
Let see how it goes.
Looks like I missed it for now.
I instructed my broker to buy at 890.
Lowest was 890.80.
I still think it may retest 890 in 2020.
The Q is whether it will do so this month?
Yes. The “experts” seem to suggest that the SP won’t be moving much anytime soon. But I’m thinking long term. 5 years or so.
I do hope it breaches the 890 today, as that’s my TP for now to double up my shareholding.