Member Info for Gary59

I see that analysts are predicting yearly dividends, when re-instated, to be around 0.41% from 0.51%.
A yield of 5.86% at the current SP.
That'll do for me along with the inevitable uptick in the share price when divi's are announced later in the year.
No wonder far eastern investors are starting to buy HSBA & STAN.
I'm not a ramper but I see these as being a weak buy at this price.

Zac writes ... "If I was just starting out again I'd do the following - invest every single month in a global diversified fund, every month without fail, year after year after year, I'd only invest in the accumulation version of the fund, I'd never sell, I'd never panic".
I personally know only two millionaires, both relatives & one wealthy stockbroker with his own company. All of them do exactly what Zac writes & more & all have proven success over the long term. I on the other hand thought I knew better & started buying individual companies. Whilst I have had limited success from now on I'm following guidance from those I humbly put forward know better. Just saying & GLA all

Thanks for all of your posts I'm very grateful, food for thought. As we all know its all about timing, particularly at this time with what is going on in the world. Without doubt both companies are unloved by the MM currently but it does feel to me a little bit like it was with mining co's in 2015. I was lucky enough to pick up BHP then in the mid 650's when they were definitely unloved & sold them in mid 2019 for 1550 something. I'm not saying that oilers will do the same but they will in my opinion become liked again if not even loved. GLA

Thanks for all of your posts I'm very grateful, food for thought. As we all know its all about timing, particularly at this time with what is going on in the world. Without doubt both companies are unloved by the MM currently but it does feel to me a little bit like it was with mining co's in 2015. I was lucky enough to pick up BHP then in the mid 650's when they were definitely unloved & sold them in mid 2019 for 1550 something. I'm not saying that oilers will do the same but they will in my opinion become liked again if not even loved. GLA

Yes Cedars I have & she who must be obeyed's as well. This money has been to a S&S ISA from a cash ISA so it's still in the wrapper so to speak.

Dear posters BP & RDSB - Now that the SP's of these two fine companies are nearing my intended entry point of 2.50 for BP & 10.00 for RDS I am canvassing opinion as to where to put my well earned 30K that is languishing in a 0.5% cash ISA. Before you all say diversify & buy both I have a fairly large holding of both already, I am interested in the opinions of posters as to what you would do in my shoes, thanks & GLA.

Dear posters BP & RDSB - Now that the SP's of these two fine companies are nearing my intended entry point of 2.50 for BP & 10.00 for RDS I am canvassing opinion as to where to put my well earned 30K that is languishing in a 0.5% cash ISA. Before you all say diversify & buy both I have a fairly large holding of both already, I am interested in the opinions of posters as to what you would do in my shoes, thanks & GLA.

So BP's net debt at the end of the last quarter stood at $40.9bn (doll) & that's one of the main reasons the dividend was cut. The market cap on this company is currently a little over £54bn (pounds). Oil prices which after all is what drives profitability are out of BP's control, although I do understand that cost savings can be controlled. Management want to invest heavily in renewables which will be very expensive & with no guarantee of success.
If the oil price does not rise significantly from where it is now BP will bleed cash & these are some of the reasons (apart from Covid & Brexit) why this companies SP is in decline & will continue to do so.

Sorry to disappoint 'NewKOTP' but the Saudi PIF have just sold their holdings in amongst others BP & RDS. These being what was purchased earlier in the year in Q1.
As a holder of both the aforementioned sitting on a paper loss this certainly isn't encouraging news in my opinion.

This could be a bargain at 2.82 & possibly is if a suitable vaccine is produced anytime soon. However, with most trading countries announcing more and more cases of Covid the prospect of another total lockdown inches closer. If it gets worse as winter approaches I don't think this government will shy away, 3 to 6 months is now being muted by serious commentators. If this happens all shares including BP will drop considerably. People who say 4.00 by Christmas just don't know, the same as people who say £2.00 if Covid gets worse. My only advice is don't invest what you don't need for a few years. GLA

It seems Falky that others on here share the same opinion as me as to your credibility & status, some are even questioning your intelligence, but not me, yet.
It's no use putting that you have already answered on another BB.
Please share your wisdom as to why The Times article is nonsense.
By any chance are you the same ramper who was forever on the LLOY board as to why that was going over £1? I seem to recall that individual also spouting on that he has a million LLOY shares.
Anyone reading this BB thinking of investing in BARC please make your own mind up & take absolutely no notice of rampers.

Share your wisdom with us Falk, why is this nonsense? Or are you just a Ramper who cannot understand the opinion of others who I think are better qualified than you.

Nobody cares in the slightest what you have or have not Falky just don't post cra p

If little falker has a million LLOY shares then he's sitting on a massive loss, so why would anyone take a blind bit of notice of him. ignored.

Well Jenn I admire your optimism for 2.00 by year end. A more likely scenario in my opinion is a sharp drop from where we are now when it is announced that dividends will not be paid until late 2021 at the earliest. Not just my opinion, Morningstar have a good recent interview on this subject where late 2021 is muted. Also, Lord knows where we'll be if there is another lock down.

dmore - I think that the two dividends of 20.85p each have been declared for June & September.
The next two which are usually paid Dec & March haven't been declared to my knowledge.
IMB implied that the annual dividend would be 137.7 but that could all change either way, although with the debt this company has I think it won't be up. GLA

Looks like it's odds on now that there will be a cut to the BP dividend announced early August. When RDSB announced that they were cutting there's the SP dropped 15%. Like it or not this is the sentiment which will hound this stock in the weeks to come. Good luck out there to the buyers but I won't personally be adding just yet. FWIW my get in price looking at all things BP is £2.74.

Interesting to read that Saudi Arabia's Sovereign Wealth Fund has just spent roughly one billion dollars on the shares of four major European oil companies. Sadly BP wasn't one of the four but Shell was. The buy hasn't affected Shell's SP too much but they have obviously been purchased for the long term. Do posters have any thoughts on this. My own thoughts are that it is a good sign in that S.A. have massive influence on world oil prices & if oil goes up most companies SP increases pro rata

As a long term holder of these I am very disappointed in today's announcements / results & the divi cut going forward.
I know it's been muted before but the tobacco sector is ripe for a bit of merger & acquisitions. I'm not advocating that IMB go buy another company but what do others think about the chances of them getting swallowed up? It can't do any harm & the fat cat BOD's would no doubt be royally compensated.

As an amateur investor & like GGdeep I too am interested in what other posters feel are good value shares at the moment.
I am very much struggling to come to terms with what's happening at the moment in the financial world.
I have Mrs G's £66K transferred cash ISA just sitting in her AJ Bell account waiting to pounce, ha!
She doesn't need the dosh for 5 years or so & we are thinking of putting the money in 10 FTSE 100 stocks & not looking until 2025. Any thoughts out there?