Member Info for driftking27

i hope BHP leave this OZ alone. HP are paying a premium to what is ahead of us. GLOBAL recession.

Leave it and come back n3xt year.

Sounds like energy companies investment is a no brainier after the UK government gave them to green light to charge customers what they like to cover expenditure over next 5yrs.

Though, really not sure i want to invest in the UK government indirectly with SSE or NG…?

I have held NG from 2002 to 2015.

saw this article about SHEL

The past two years have been especially challenging for Shell shareholders after the company announced a major dividend cut with the quarterly dividend falling to 16 cents from 47 cents, the first dividend cut since WW11. Meanwhile, the company’s debt had ballooned massively from $1bn in 2005 to $73bn in 2020.

https://uk.finance.yahoo.com/news/why-u-oil-majors-outperforming-000000510.html

still holding BP, OXY, XOM, SHEL

that’s a little dumb, look at last 22yrs. it still hasn’t risen above 2100p..
LOOK AT
ABBVIE
JNJ
ROCHE
VERTEX
ASTRA
Gsk has been held back for decades due to high divi, just like RDS & BP compared to US counterparts

BP has only been a good perform cause of Putin.

Take that out, it’s been worst. AZN has been my best in last 11yrs from lowly 2936p to £109 today, Mastercard from $55 to $335.

OXY has been my best oily this year, from $31 to $74.

it’s result of strong pound and weaker dollar taking effect. that’s quite obvious to most.. risk on risk off effect

my prognosis is that JPM had raised the SP. to 1100p yesterday
I believe, when brokers view sp with ridiculously high targets, it results in a fall in SP.

A buy is a SELL; a SELL is a BUY.

it is truly a weird market we live in, like Unilever & RKT, both announce good results recently, but RKT goes backwards. RKT is less risky too lol

Anyway, i bought £5k today at 7.81p and £5k in MMM, and £5k in GSK ( all 5% of my portfolio )

GLA

though i have proved my broker wrong on GSK back in 20008 by buying AZN! can’t believe my luck, bought 350 lol

Twonko, youv lost out big time, you need to broaden your horizon and look global.

Look at graphs abd do better research is my point.

You need to diversify and get out if UK stocks, they severely underperform global stocks like JNJ, BMY, NVS, ROCHE, VERT, ABBVIE, etc.

Gsk is just a cash cow which i have repeatedly said before. UK stocks need to reduce there payouts save money and invest better

cheers, iv added BMY cheers, along with ROCHE & MERCK
Batterseafish

An update on where they see GSK amongst majors

https://m.uk.investing.com/news/stock-market-news/pharma-stocks-rerated-at-credit-suisse--roche-gsk-upgraded-novartis-downgraded-432SI-2752704?ampMode=1

here’s a question to you all who invest in other pharmaceuticals .
I sold my Novartis on Friday for what it was, dollar strength is still continuing to ruin the business.
Iv looked at Roche ( might be tempted ).

Other than GSK, ROCHE & maybe BMY what other pharmaceutical can anyone else give a shout out to besides these ( Abbvie, ASTRA, GILD & JNJ)
cheers

I told everyone this wasn’t going to sparkle like you thought.

Every sign about GSK is not there just yet.

To have a HOLD at it still, though a 12mth target of 1700p is just not entertaining. We’v all been there i’m sure.

Most global pharmas have beat, a couple missed due to FX issues like NVS with strong dollar.

The plus point, pharmas will outperform the greater market going into a recession, which we are already in.

I’m not buying yet, as there is uncertainty about too many things in economies. I’ll look after Nov17 ( ex-div)

In recessionary times isn’t best to invest in company’s with good capex and R&D.
Take a look at GSK, GILD, and AMGN.

I’ll throw one other dirt cheap as chips company in that will perform very well coming out of this .
BMW. it’s trading at 2.6times earnings. Has a humongous 7.5% divi

could be a very volatile day tomorrow!

Just heard if FEDS only raise interest rates 25bps instead of the 50bps it could send S&P to sky of around 8-10%!

watch and see ..

just heard gossip if Feds raise interest rates only by 25bps it could have possitive impact on S&P. It could possibly rise 8-10%!

Again, the CEO is not lining his pocket with dosh.

Let me remind you. UK stocks have held high dividend yielding stocks for decades, and this has held back serious growth compared to powerhouses U.S.A. ( Exxon, CVX, COP, OXY etc )

Secondly, we are sitting on a backdrop to a steep decline next year ?

These CEO’s are being conservative and waiting until March i believe to consider a larger increase.

In Europe the worst country affected by inflation is not UK, it’s Estonia by far sitting at 22%. If all the nations continue this trend upwards along with Germany & Italy it’s going to ultimately drag us into a serious crash.

I still hold, BP, OXY, SHEL & XOM

Novartis missed revenue a little, but the stock gained .
GSK is likely as the same. The stock has been punished so bad of late, but like ABBVIE too

i’m holding onto SHEL until mother of all stocks reports earnings on 2nd .. OXY.

I’m going to sell SHEL and maybe invest my profits held since 2009/10 into MMM. I need to change my risk for 2023.
Though, it were JPM that said in June / July there was still chances of $140-150 oil. Again, government interaction will curtail this.

So, just investing in profits in a new business like MMM…

GLA

forgot to mention, the real reason for the continued slump is due to China’s re-election of XI as president.

This is bad news going forward, and this is why CTY
( City of London Trust ) sold their entire holding in BHP.