Member Info for char333

It seems realty of the dividend being cut & other macro issues as brought many to the realisation that it's baton down the hatches & hope for the best. Once a company cuts dividend the only way back is a up tick in dividend drip by drip. Go look at share prices of by, Vodafone, Tesco, , Sainsbury's & the banks , once the dividend is cut share just drifts endlessly going nowhere. People say give it 2 years. Well as this year as shown, you just never know what lurks around the corner.

If I had a penny for everytime someone has said when cv19 passes or when things get back to near normal etc etc. There is no magic wand. It just isn't anytime soon. The reality is still cv19 deaths, cases. No vaccine in sight. While that persists there is no simple , quick fix. I'll maintain no £16 for 2020. No £20 for 2021, no £23 for 2022. I'd love to be wrong but without dividend rising over that period share price will trade in similar pattern to the last 2 months, just going no where.

well dividend was maintained , so that is something. van beurden really is a slimey git. we got the usual corporate crap in spades. he tried to come out fighting , but sounded like a football manager whos team were expected to lose 20 -0 , but losed 15-0 but got a corner in the last minute. the interviewwers seemed total unconvinced by van beurdens words. its just a case of waiting now for 3 months time, but still feel theres little to be positive about other than dividend being retained at 16cents. long road to travel.

Hi, buying in at these levels will overtime prove a decent decision if the dividend holds going forward. Results not expected to be good which isn't a surprise. A analyst on CNBC today was talking up oil stocks as they are currently underperforming the U S markets. Their was also a guy from that storage company, the link to which someone posted on here, saying oil needs to break out of its trading range & break well above 40$ a barrel. But as for normal, well while there's no vaccine for cv19, normal is a long way off imo .
There is no magic wand to cv19 or shell , or oil. People buying in now are getting a fair buy. But people waiting for £16 & above don't see too much to get positive about.

Interesting & nervy , if you ask me. Don't think bookies would tempt you much with their odds. Shares drop 4/6 , shares rise evens.
My odds shares drop 5/6 , shares rise 3/1 .

It's seems Thursdays update as polorized opinion. Half seem to stay positive and the other half seem downbeat.

Yes, I agree entirely with you. Too many people got carried away with this rising sharply 2 months back. It's gonna need the dividend rising to get back to £20. But most shares that cut dividend are very slow to raise it, so the share just meanders along in a narrow trading range , with Tesco , Sainsbury's & Vodafone being prime examples. Let's hope the markets on Thursday see a positive in a big negative situation. Guess that's alls we can hope ATM.

Yes, I agree entirely with you. Too many people got carried away with this rising sharply 2 months back. It's gonna need the dividend rising to get back to £20. But most shares that cut dividend are very slow to raise it, so the share just meanders along in a narrow trading range , with Tesco , Sainsbury's & Vodafone being prime examples. Let's hope the markets on Thursday see a positive in a big negative situation. Guess that's alls we can hope ATM.

Ubs analyst £17.50. can't see that anytime soon. Maybe if this goes up after results we could see £15 b4 year end. I'll guess that in 3 months time we'll be sitting in the same boat , saying this update is pivitol. Once fear gets into a share you begin to dread the updates. Long road ahead imo.

Very interesting views. I agree entirety with your media comments. Always looking t for sensational. Well Tuesday & Thursday BP & shell will let us know what the truth is.

If this article is true & I have major doubts of its contents , why oh why are the analtysts mainly predicting BP to slash it's Divi. Something does add up to me. Maybe someone could verify the article .

The problems are there for all to see. But shell not only as huge obstacles to overcome , but in truth the profits had been falling over the last year or so. So the cv19 & Saudi v Russia spats have brought home to roost just have difficult it is gonna be to get out of this message. I doubt it will be pretty. My experience of shares that cut the dividend is they never return to predividend levels. But just meander along. It becomes a del boy share, as I call them. This time next year we'll be millionaires only when the next year comes things if anything have got worst. Stock markets being propped up by fed & ECB stimulus packed. In truth the faang stocks are a few that have done really well, but most are just meandering along.

Hi, I think that's the crux of the matter. Most people see the sentiment as down. Also most people see a turbulent time for at least a year. So in effect why take the risk. I know many people will risk buying BP before results, as they may get lucky. But if I were to buy now I wouldn't touch BP or shell as unlike the shares I stated earlier , shell & BP have a rocky road with many bumps in the road. But everybody sees it differently.

The way I see it, there are much better stocks to buy right now if your looking for long-term returns. Maybe glaxo, who's share price stays around £15 for ever I seems. Vodafone, Tesco & Sainsbury's have all reduced dividend, but are pretty well placed with little impact from cv19 and have Indeed done better than most out of it. Plus it would appear their big problems are now behind them and are in a recovery of sorts. Paying solar dividend as well, if BP do the expected next week. Shell & BP are in the mire, probably for a good while to come. But hopefully shell will maintain dividend of 4% which will still attract investors at this price.

I see Bloomberg has noted analysts expect a dividend cut next week for BP. It will be nervy times for those holding BP up to announcement. I was surprised when the new CEO raised dividend when he first came in & even more surprised when it was retained last update. Once a dividend has been cut, share price finds a new, lower price range. Indeed share price will only return to predividend cut levels of overtime dividend rises over the next year or so. That's what's happened with shell. Vodafone, Tesco & Sainsbury's all cut dividend and the share price as plummeted down & shows zero chance of rising to predividend cut levels. This strong balance sheet means share price rise is a misnoma imo. Once dividend is cut share goes down & stays down unless dividend rises over a period of time. That's a reality. So don't expect any great rises in all the above aforementioned shares untill they get dividend hikes. Whatever you do don't hold your breath.

It seems like groundhog Day ATM. Just the same thing day in day out. So keeping to that theme. All the problems highlighted by pokerchips are likely to remain for a considerable time. Trump v China will run & run. OPEC country's continue to p eachother off. Russia v Saudi's in perticular. Mass fallout of cv19 still going on with nearly 1 million well paid jobs gone. These poor people will struggle with mortgage, car loans, other loans. General everyday upkeep. Shops will suffer because they won't be buying any items for lunch etc etc. The results won't be good. As I've said many times, this won't make £16 this year, won't make £20 , 2021, wont make £23, 2023. With the dividend slashed it's just isn't gonna happen barring a takeover or merger. I'd love to be proved wrong, but as the Aston villa fan I told me yesterday after I told him 3 months ago they wouldn't go down , how did you know & I said, I just have a sixth sense for certain things & I'm never far wrong.

Still holding £12, so maybe next week's update should alter this flat share price one way or another. If the results are not as horrendous as markets expect & dividend holds at current levels then maybe shell will rise. This seems to be the pattern during reporting season in USA. Going forward, I think poker chips encompassed it well with the on going macro & political problems that are here to stay for a long time. At least Boden v trump should get sorted in November, but for whatever reason I've got a feeling it may not. Just my gut feeling.

Traffic in Birmingham during the day is sometimes quite heavy. After 6 pm, it's very quiet. Yesterday I walked 6 miles after 6 pm & you could count the number of cars on 1 hand. But
that's Birminghamm even before lockdown. Birmingham has never had any real night Life. It closes at 12 midnight Friday. & Saturday. Was run by qaukers for many years & it's never ever awoken from that period. Boring city, even more boring people, & crap football teams. No real nightlife & that's how it always been & always will be. No cross culture community, cultures keep to themselves.

It's a brave buy ATM in my opinion but hopefully fortune will favour the brave, as when people bought in at £9 3 months back. Next week should bring more clarity as to the depth of the situation. With cv19 impact & dividend amount unclear. It's aanyone's guess as to what update will bring. The problem imo is every time we have an update the situation as got worse & you get to the point where you dread the run up to the update. I know I'm stuck in here for a really long time, but sometimes you need to see a glimpse of light at the end of the tunnel.

Thx poker chips. Hope your well too. I recall seeing you on the Vodafone board. You always give a very knowledgeable insight to the sector to which your referring. You as ever, have put the minefield that lies ahead in just 1 year duration. I can't really add to your excellent post, other than to say all the issues you mentioned never seem to be resolved, but just meander into another with no end in sight for the long suffering shareholders.