Member Info for driftking27

When all the suitors realise all predecessors have all failed, they will not pursue BP any longer, and rightly so.

Back down we go …

It’s upto ELLIOT & Co to break BP up and separate the upstream & downstream business to built growth.

Bigger is not always better u ken!

Still at 242p since February not bad eh!

So are we on same page Pokerchips, LGEN’s dividends are not covered by earnings, it’s from loans that pay the outstanding dividend amount?

Iv used marketscreener /tradingview to look over previous yrs earnings cover.

I see predictions of

EPS 22.65p for 2025

25p for 2026

27p for 2027

Cling on

So, BUYBACKS.

If you look historically BUYBACKS don’t do anything for face value of the SP, it only reduces number of shares.

In a way it’s a SUGAR COATING to juice up the possibility of investment from new shareholders / stakeholders.

Look at BP at the minute, it’s SP has fallen after all those billions it’s reinvested back into BP over the last few decades.

You need to forget about buybacks and see what companies are actually doing to aid GROWTH.

HSBC has achieved loads with its business. Still here, have been since 2006, but I also bought into GS in 2010, and HSBC has underperformed bank sector massively, though I do know both banks operate differently..

I harp on about this every yr, but when we compare the dividend payout compared US powerhouses like JPM / BofA compared to uk banks they are lighters ahead with growth.

Coujd our banks not cut back dividends and look at growing business.

These high dividends & buybacks show a lack of strategy in growing business in giving surplus money back to us, as they don’t know what to do with cash…

2.5% is average US yield / UK yield is 4-6% with exception of HSBC with higher 6%

Buybacks have done feck all to the SP in 30yrs .. DYOR

It’s embarrassing tbh…

Shareprice Performance review

MAY 2020 to May 2025 minus dividends

Remembering CVX & XOM did not suspend there dividends in ‘20

May 2020 to May 2025

Shell 81%

XOM 155%

CVR 67.45%

BP 24%

So, if we’re going to be receiving 40.08p per quarter, then I can’t complain.

‘…Imperial is rephasing dividends to be paid in four equal instalments. On an underlying basis, the interim dividend increased by 4.5% to 80.16 per share. £620mn of shares were repurchased in the period’.

As for share buybacks. PLEASE. ..

This is a show of lack of direction.

IMB need to start realising that there vape business is not growing as fast now as it once were due to governmental changes regarding this business.

Like beverage business being going through a change regarding GEN Z not consuming alcohol like Millennials/ Gen Y do.

Look at BP throwing billions at sharebacks for decades to sugar cost its ailing growth which has failed for decades.

Don’t be fooled by share buybacks guys! Please

The biggest drawback on acquiring BP…. BP has $70-something billion (HORIZON disaster)in debt.

That seems like a lot to take on. Shell could take it on, but am not so sure as all big 3 are all at new GROWTH strategies and HESS deal between XOM & Hess is still going on.

Reduce the dividend to 3%, it’s always been a high dividend stock curtailing growth in my view compared to most others.

2006 -2025 growth data. This is where we currently stand.

SHELL not great neither since May 2006

BP -59%

CVX 126%

XOM 71%

SHELL -2.5%

You need to keep up, the CEO has resigned. It’s on the headlines and Earnings call

Go have a Good Read please.

The plus, the dividend for first half has been raised 79% to 80.16p

My view is the AVI sp goes lower during the next quarter or so after the completion, it will take time to regain momentum.

remember DLG was a distressed business, so I believe it will curtail growth for awhile, though I’m a buyer when we are given our AVI share allocation. Be doubling my holding to 3500.

So, this might actually propel AVI sp.

It’s actually anyone’s guess where AVI sp goes, but I’m looking forward to being part of AVI

Would like to see how many can post a reply whom is HOLDING / SELLING this on a run NORTH…

I’m thinking still of holding, save on the commision on selling and rebuying AVI…

I’m a HOLDER

Nowt chance from XOM / SHELL / CVX / CNOC

Why would they want to destroy the growth plans of their own supermajors

XOM has a big growth plan after acquiring PNR for $60bn in 2023

CVX close to dealing their HESS deal $57bn this yr.

TOTAL

BP has been in doldrums with growth for last couple decades, we’re back at 97-98 levels here.

Further, why would supermajor a want to take a company no previous CEO has been able to change in years for, but through buybacks at it to desguise the disaster it is.

BP has got $60bn of debt from the Horizon disaster built into sp, possibly that’s why?

CVX outweights Bp over period I have invested from 2006 versus those above

+159%

Bp

- 58%

OXY I bought 2019

-37%

TOTAL bought 2019

+3.2%

Anything is better than BPs cash cow .

BHP & RIO are better bet in commodities my broker even says wasn’t half wrong

Bought both in 2011

I don’t throw money, I invest. Iv performed better with XOM, CVX OXY to be fair than BP over time from 2006!

BP is beyond fixable in my view.

Why would XOM even consider, maybe to buy parts, but in Norway is XOM not TOTAL buying BP.

You may have a bigger pullback once the DLG goes through and AVI pays out the cash and shares to us new AVI shareholders?

We at DLG are looking at early June -July due deal to be finalised..

It’s 2nd half of 2025 . So could be anytime, even 1st June lol

Is spoke sustainable..

I think it is from LONGs buying in to average down ..

I’ll say it again and I’ll keep saying it, BUYBACKS have destroyed BP, it shows a lack of direction.

BP may not be a good investment. However, buy backs of over 60 billion over the past have done nothing for shareholders as share price is about the same as it was in 1997.

I believe that this 60+ billion would have benefitted shareholders more via acquisitions which would have increased earnings and cash flow.

I also disagree with the statement that share buy backs are a return to shareholders (unless share prices increase as a result....which they have not).

One of the worst FTSE compsnies, VODAFONE was another one I’ll add into mix…

So, how will understand what the value of our own AVIva shares are per shareprice when listed?

Like if the shares were given to us Tuesday 6th Mayand AVIVA shareprice then is 565p.

We have 129.7p in cash per DLG. So I’m guessing our break even would be above 600p.

Consideration: Each Direct Line share is valued at 275 pence, including 129.7 pence in cash and 0.2867 new Aviva shares

Sorry if that sounds goobledagook