Member Info for driftking27

Think we need to look at pubs and what is happening with the consumer trend. Pubs are not as busy more so due to the economic downturn with Cody of living. The issues due to cost of living in my view will continue if the market does see an uptick, causing inflation to rise again.

So it’s really a nasty cycle.

It’s still a wait on this one… RSI is still sitting as a Strong SELL.

If we see current EPS is 161p, abd with expectations for this to be revised doen to 148-151p, then that’s a clear 6.5% drop in EPS, so SP to 2500p. Then we have the oversold possibility going to 2400p.

So, believe me, don’t touch until after results.

And I do own nearly a 1000 since 2007. I’m just pointing newbies in right direction to wait.

Sorry, mistake on numbers. Estimates was 180p for EPS by 2027, not 2025

Still has STRONG SELL indicators on graph today…

Though, I’m not adding more yet until after news…can see market pullback due to 2/3 ‘s of S&P 500 stocks being expensive.

Market has still to react to the results. This is where we will undoubtedly see a big fall for last 6months of falls.

On a graph, the SELL signal has been broken for a few weeks since I restarted watching this behemoth.

We’re loooing maybe at 151p soon in results, but in 2025 could see that sane period reach 180p Iv see estimates revised to on Nasdaq.

So, in essence, Imic you were new, I’d drip feed 1/3 in now, then hold 6months and review and top up 1/3 then another 1/3 2025. That way you get fluctuations in markets and companies growth strategy.

Iv played most stocks like so for 21yrs

Not sure if the movements up and down between 102-108 is a sign of lost direction over last 6months.

Remember this SP rocketed on back of COVID, just like ROG.SW.

I think this has been a sell for last month or two.

There is good NEWS, but it’s not news we need its results and gains from this.

There is one out of 12 brokers that has a £134 target, others £100-£108.

If you have a look further afield there are better options that will outperform this bluechip.

Don’t just invest solely in UK chips…

GLA

Marketscreener has

13p pencilled in for 2024

17p for 2025

This has been revised since first week in January for 0p

https://www.marketscreener.com/quote/stock/DIRECT-LINE-INSURANCE-GRO-22762509/finances/

Berkshire Hathaway's Diageo plc - ADR Stake

Warren Buffett acquired 228 Thousand Diageo plc - ADR shares worth $31.6 Million. That's 0.01% of their equity portfolio (36th largest holding). The investor's estimated purchase price is $40.2 Million, resulting in a loss of 21%.

THE messiah did BUY a few 292,000 in Jan 2023 in the disclosure, maybe he has been acclimating since then.

But remember, it’s NIT BUFFET running show and pressing the buy. He has his associates that do this.

He has bought GSK sold it at a loss, he bought all top pharma’s and sold in Jan 2923. Silly that was. They have outperformed many shares tbh.!

Good luck, still watching here, and looking at buying more Goldman very soon…

From BHP v RIO. It looks like RIO fares better with a yield, but as my broker once made me understand, we shouldn’t chase yield, and so BHP does look better being diversified with larger copper exposure.

https://www.marketscreener.com/quote/stock/BHP-GROUP-PLC-47281658/finances/

Https://www.fool.co.uk/2023/12/09/here-are-the-bhp-rio-tinto-and-glencore-dividend-forecasts-for-2024/

Https://www.fool.co.uk/2023/12/09/here-are-the-bhp-rio-tinto-and-glencore-dividend-forecasts-for-2024/

Like BHP, I see another cut to dividend looming, due to economic slowdown worldwide.

Both Nasdaq & Morningstar have a few articles about this for all miners over next few year.

I’m a holder here, have been since 2008/2009 and BHP.

Why is Rio’s dividend falling?

Rio Tinto is one of the biggest mining businesses in the world, but its profits are still closely tied to the price of iron ore. This steelmaking ingredient is produced from giant low-cost mines in Western Australia and generates around 80% of Rio’s profits.

In 2021, iron ore prices spiked to all-time highs. Rio’s profits for the year rose to $21.4bn, almost double the $12.4bn reported in 2020.

These high prices left the company with a lot of spare cash at the end of 2021. This allowed management to declare a record dividend of $16.8bn, or $10.40 per share.

After a year like this, 2022 was always likely to be a let-down. Sure enough, Rio’s profits fell to $13bn last year, as energy costs rose and commodity prices returned to more normal levels.

The 2022 dividend was scaled back to reflect lower cash generation. Shareholders received an $8bn dividend, or $4.92 per share. Although that’s a 50% drop from 2021, it was still a very good performance compared to any other year in the company’s history.

Suppose this is what I tell everyone chasing HIGH dividends;

IMB

VOD

SHEL

BP

BHP

RIO

GSK

SSE

I could go on.

Anything over 6% is very uncertain.

I’m here, and have been for past 10yrs.

we just have to look forward and look at GROWTH. Fingers x

As expected …

Reported on yahoo finance

Forecasts for the next few years are pretty flat. But I think I’d put that down mainly to the great uncertainty in the markets.

When you just don’t know what’s likely to happen next year, the safest prediction is probably that it will be a lot like this year.

We’re looking at price-to-earnings (P/E) multiples of around 11 to 12, with a dividend yield of 5.8% this year. The yield could dip a bit, but I think there’s room there for it to still be decent.

This is a sell, has been for last 2weeks.

Hope you got out of SSE.

CLUED.

So, here’s a thing. You wouldn’t go jump of a cliff if I told you so would I ?? Seriously.

Do your due diligence.

SSE has sliced there dividend to 3.5% from 5.7% to aid the growth it so badly needs and to help lower their debt burden if bowering to pay a sensible yield that is sustainable.

If you look at figures on financials you will see NG is better of and less risky, and has a yield that will continue to beat inflation each yr.

With attic conditions at minute it is causing a big drop in WTI. But why is the price not up with heightened tension in Suez Canal?

Looking ahead Interesting to look at crude oil futures going out to December 2033.

All red. From about 2026 to 2033 prices in $50s and low $60s. Makes it hard to want to hedge production out in future, which we all do. I suspect this is why stock is down more than current price of $72.08. Today’s stock price is a reflection of future earnings. JMHO of course.

Next target is 1141p

The RSI has been sat between 60-69 the last 4hrs.

This is a BUY at these levels 1067-68p

Could we see an outperformance as both FTSE & BP have continued to underperform in 2023.

SP is back where it were in JULY 2023.

Global equities rallied in 2023, more so with U.S. and European bourses up between 20-30%!

the FTSE 100 stocks managed a gain of just 4%, largely because of the negative pull from its commodities and China exposure possibly?

Or am I wrong