Member Info for fogthemogg

Harmonica, that's a real non sequitur.

If it wasn't clear the first time. I'll try again. What monetary benefit does this infinitesimally small change make to a retail investor's life?

Or do you simply derive personal satisfaction from knowing that now you own 0.0000000000000000000000001% (being generous there) more of BP's outstanding stock than you did a few years ago?

"I do wonder why the Fres 75% owners don’t just buy out the rest of it and take it private. At this price they can get it for peanuts & enjoy the silver squeeze themselves."

Presumably because they don't think it's undervalued at 600p (trading at c20x earnings), or believe in the perennial silver squeeze?

The company knows the best ore grades have gone, hence every trading update contains the phrase "due to lower ore grades".

"I wonder what some of you, as BP shareholders, want from the company and your investment ?"

A share price higher than 25 years ago would be a start, a divi yield materially above the savings rate would be welcome too.

"I judge progress in years not days or weeks"

Presumably you've never looked at the share price chart over the last 25 years?

Basically you first bought at pandemic lows and are up xx%, so well done. But that a long-term investment doth not make...Pretty much anything bought back then is now currently "up".

"This benefits the remaining shareholders (us!) as we own a bigger percentage of the company."

And why would a retail investor care about that infinitesimally small difference?

I think they'd much rather have the 1999 share price and old dividends.

I'm shocked! Shocked to find that FRES is not moving up with silver here!

Next I'll discover that the stock market isn't a reflection of the economy.

Ooh meow Charlie Buffet...Pass me the Carver and the big pack of Tyrrells, it's a girls' night in!

scrodingerscat, funny that lse allows you to say prick but enforces asterisks on the three letter abbreviation for a cigarette. it also blocked me saying "s*****ing", as in peering at a computer screen.

You can lose 100% of your money or make a 1000% return on FXPO at these levels, seems like great odds to me.

Long and strong 💪

charlie buffet, or you could have just bought big tech in 2022 (not even obscure stocks) and watched them multibag, without s*****ing all day at charts to penny flip bp. but if you actually enjoy doing that, then carry on i guess :)

i hold stocks like petrobras, nio and tullow on margin so "trading" bp stock for +/-10% just wouldn't arouse me i'm afraid.

Oh dear, "Foggy" is the exact nickname that JoeyWunna and MonopolyMan used to call me...

That's the problem with having so many aliases JMAX, you keep slipping up looney tunes :)

I've just returned from 3 weeks of hiking in Nepal and I can see that JMAX is still talking to himself with yet another new alias, VirSteele, presumably as his previous ones were all banned. Amazing.

Tullow, long and strong 💪

"because i can beat the divi yield easily with no risk and I have no faith in BOD"

I know, It's amazing how UK investors will take equity risk on a stagnant stock to collect a divi yield no better than the risk-free rate. Americans would scratch their heads...

Penny flipping BP for a few % and collecting a divi yield no higher than the risk-free rate...That's a stroke of investing genius.

Do they call you Charlie Buffet down your local?

"If Fres only 590 at near $30 silver what happens if silver pulls back to 24-25?"

That question was posed last year when support, not resistance, was 600-620p, the answer in the end was 435p...

I wouldn't agonise over silver moves. Firstly, because FRES share price does not strongly correlate with it and secondly because it's so damn volatile, hence it's known as the devil's metal.

Very few people know where silver is going next, least of all anyone on here.

Address share price underperformance concerns to the CEO and CFO, who inexplicably have remained in office for over a decade. Remember, you're basically investing in a poorly run family company here, which occasionally goes on a run hence it's always been a trading stock, and not an investment.

Buffa, spot on. There are still people who regurgitate "buybacks put money into our pockets" nonsense, said as BP is still nailed to its perch below 500p.

FXPO, Ukraine and the world need a ceasefire. This Russian breakthrough might force Zelensky and NATO to the negotiating table...

Absolute clown show 🤡

"Given Israel retaliated against Iran overnight. Strange places markets can be."

Probably because it was another nothingburger...Strikes from both sides were telegraphed long before, highly publicised and targeted to minimise deaths. Of which there appear to be a big fat zero.

Hi Nitro. What do you mean precisely by "manipulated"? Pinned down to facilitate accumulation at lower prices, or drifting up and down trading ranges? The former was definitely the case last autumn before the deal announcement. On the latter, that’s pretty standard FTSE behaviour I’m afraid, not HBR specific.