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Great RNS - Is that a P/E of 5 !
So the SP goes down by over 5%.
Bonkers.
If Dividend is increased by the same margins as EPS, that's 1.36 to 1.49 cents a share, or about a penny, >6% yield.
Got to be a strong buy going into Xmas.

Hi BigBadBaz
Yes I appreciate that, in fact when I was following the uplift shown by BP to RDS at the time, I was having the very arguments I refer to in my post to PeterH that IMO, at the time the uplift was due to an expectation (including mine) of a significant dividend increase wrt the high oil prices.
If the last quarter results had declared 7cents dividend for example, less buyback, and a commitment to get the divi and share price back to prepandemic levels, with some proper investment in green energy, then yes, that gap would have widened.
However, it reversed and IMO it is down to the dividend policy, and the less than US inflation growth declaration doesn't help BP's plight.
This thinking must be wide in the markets hence why the price of RDS is currently streaming ahead.

PeterH
Inflation in the USA is 5.4% FACT
https://www.usinflationcalculator.com/inflation/current-inflation-rates/
A 4% increase is less than that. FACT.
Is that enticing for US investors ? No. Exactly the point I made.

"You were also the one shouting people down saying a divi increase will not happen for 5 years yet it did the first quarter once things got back to normal(ish)"
ABSOLUTE RUBBISH ! Point to any post of mine ever that reflects that. In fact I constantly argued against that very point and was berated many times by people on here.
I have always wanted BP to get the divi back to prepandemic levels, and gave Looney the chance to show that intention. He is now turning our investment like a dog. Why have a go at me ? You should be emailing Looney.

The last divi increase was hopeless IMO, the divi level should be much higher. A big reason why I've sold.

Compare the intentions of RDS and BP and do some proper research and then please, let me know why the dividend return of f BP, hence the SP growth, shows a greater potential than RDS.

We could have a proper discussion, but if you post like this is some AIM mining small capper BB, don't expect to be treated with respect.

There used to be some good contributors this BB. What happened ?

Bigbadbaz
Then perhaps you should contact Yahoo Finance for producing charts that you think are incorrect.
BP is lagging RDS growth recently most likely due to their respective dividend policies.
It is what it is.

"Deramp Alert"..
Seriously Caitlin. As if anything ever said on a BP discussion page would have an effect on the SP. Nothing intelligent to contribute to the discussion means straight into my filter list.

Hi Compound.
Markets are fickle, and the US will focus on one figure, 4% growth on the dividend, and compare this to 5.5% inflation.
This dividend level has been stated as what's to happen for years to come, which lets face it, is pants.
The company should show intention to return to dividend levels pre-pandemic, like RDS are. The lead into last 1/4 results was all about this. "Will BP properly raise the div due to the high POO ?" They did not, leaving stranded the multitude of holders with averages higher than 400p or even 500p.
So it should be no surprise the movement gap between RDS and BP share prices is widening, because the dividend return, hence growth, offered by RDS in the coming years is much more. If this policy continues IMO the market will punish BP, as it is right now. This is the gap.
https://tinyurl.com/ezvye5ma
So my rationale, and charting shows that soon another there will be another drop in POO, trading this drop by buying back in at a lower level will lower the impact of the differences in yield you point out.
It was a tough decision to make, as I've held BP for years, (I still will have many shares, but these are free) but IMO Looney's strategy shows no intention of getting the SP to return to pre-pandemic levels. where as the strategy at RDS does.
We'll see.
As I said, if POO does hold up or rises in a breakout, and my plan is kicked into touch, then I will swallow the few % I miss out on, and complete my switch on the next big drop.
Cheers and GL

What level of dividend do people expect ?

Last year we had US$18.7 million (0.83582 cents per share).
The gold price reached its heights in summer 2020 meaning that divi was based on gold of $1400 to $1800 for the relevant reporting period but we knew the profit rate had continued up.
Debt was $76m, and at $33m in July.
New project financing to be ringfenced, Cobus with over a million invested at SPs over 21p, principle remains of 40% to be paid from cash flow as dividend (all from memory), shareholders top be rewards for years of patience.
The dividend could well be 1.5 to 2 cents a share but surely not less than 1.5 cents.
That's a 7% yield on current SP and in 2022, no more debt with a turnover > $200m..
By Xmas like last year the yield priced in became 3%. Even the market pricing in just 5% means an SP of 24p on 1.5 cents div.

The daily USD/ZAR chart shows support is reached and RSI is just above 30, so possibly a few days more of flatlining then a rise towards results is what I expect.
Summer could bring some political stability but it's still a tightrope there with such high unemployment.

Just bought my last tranche before results and am now overweight.
All IMO.
Cheers all and GL

Oil Price. Following the 4 hour chart with channel I shared the other day, the oil price looks like it's staying within that channel , so I gulped last week and sold about 75% of my BP shares just above 300, keeping only my free holdings (free shares gained through trading or DRIP).
https://imgbox.com/RLeDch6U
I really thought with the oil price at $73 the SP could get to 310+. If POO stays on trend and within the channel then < $65 is the target and I'll be buying back RDS instead of BP. The POO did go above the channel which might indicate a breakout to the upside, but IMO OPEC, Delta etc suggest otherwise.
Either way I will keep the cash to buy back into RDS on the next big down day.
IMO Looney has turned BP into a dog, declaring 4% dividend growth with it still being half the level it should be when US inflation is at 5.5% is hopeless. Instead of using the extra cash for investment or giving back to shareholders its being thrown away to sellers through buybacks. If the div/buyback policy was different the SP would definitely have reached 320p on >$73 oil. Anyway. We'll see.
Cheers all and GL.

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Agree to differ then. It's got no relevance to an investment here, and there is nothing unusual about how PAF is being traded here and in South Africa between now and the 12 years I've been watching PAF.
Reall, I think this kind of stuff should be kept to the ramptastic boards with all their other well trodden musings and over-research of trade patterns.

Sorry guys. You're dreaming this up. This is kind of stuff I expect to be cooked up on the BBs of ramped small cappers and miners, not PAF.
There is nothing unusual about the volume, or any of these automatic trades. The price is about right, and is what people are prepared to buy/sell at. There may be seller(s) in the background, for whatever reason. if this is oversold.
People trade in all sorts of ways. Nothing unusual, been the same level of trading in fact if anything there was more trades a decade ago. You can see the volumes going back years.
No problem, nothing untoward, patience required.

Hi Alwaysone.
I've been following PAF for years, the number of trades is not unusual. I dispute this algo trades claim. What is staggering about 280 trades in a day for a company with 2 billion shares and £312m ?

Tinker. Imo the Science faculty sees language as a form of communication between humans so spelling and punctuation are not of high importance. Will put you on filter for making my eyes roll.

So you're a liberal democrat MarkGo? unherd is sponsored by Paul Marshall.
Students, Universities and the educated are and will always be the achilles heel of power. Parties in power hate free thinkers and the educated undermining governments, who would rather govern over sheeple.
Argentina, China, Tiananmen square, the 60's Western peace protestors and countless other examples are all over our history where governments would of rather taken their education and books away, and tell us how their governments will make their respective countries great again.
The latest example in the UK, remember "Britain has had enough of experts".

Well this is now all looking OK ))
Anyone know or want to speculate what/when the increase in dividend will be from the new investment ?

https://d.img.vision/gavster/Screenshot_2021-08-24_at_12.20.34.png

Here's an IG chart, which to me suggests Brent sticking in the recent down trend but could go back to the top of the channel, between $72 to $73.
In which case we could see a BP share price of 310 to 320 as a reasonable target price.

Looney has crippled the share price growth prospects by sticking to his resilient but low dividend and favouring buybacks (bizarrely IMO instead of buying green energy projects) so I cannot see the SP keeping up with RDS who've shown intensions to increase the DIV back to pre-pendemic levels, as shown in this 3 month chart.
However it's not all bad for Looney as the strategy does put a floor on the SP to bounce off too, and the BP yield is still higher than RDSB.

https://d.img.vision/gavster/Screenshot_2021-08-24_at_12.29.09.png

If the channel repeats, Brent going to $72 and then down again could well be another excellent trading opportunity to trade BP holdings higher, or to transfer some investment from BP to RDS.

What say other chartists ?

Cheers and GL.

Hi Rogue.
So you think the idea was just Nikolay Sosnovskiy trying to put words into the directors answers ?
I'm now intrigued as to why he asked the question. He's got some form as an analyst.
https://ru.linkedin.com/in/nikolay-sosnovskiy-55421430
Meantime
We are still underperforming the VanEck Vectors Steel ETF (SLX) for the last six months, which may be the dividends being factored in.
https://d.img.vision/gavster/Screenshot_2021-08-24_at_11.59.01.png
US Steel prices remain sky high,
https://www.lme.com/Metals/Ferrous/HRC-N-America#tabIndex=2
China Prices remain high
https://www.lme.com/Metals/Ferrous/HRC-FOB-China#tabIndex=2
Domestic Russian Steel Prices are high
https://www.metalbulletin.com/Article/4003643/RUSSIA-FLAT-STEEL-Prices-fall-further-on-weak-demand.html
IMO at prices of $1,211-1,251, Evraz might just take that price an avoid the taxes altogether. It's still way more than US prices pre-pandemic 2018. The TAX doesn't apply to the non-Russia operations which, if the tax is harsh they could expand the US/EU operations. Offloading the coal could be step one.
Anyway we'll see.

Markets are fickle and focused on the trend of now.
Let's see what happens here once the next report comes out.
Last year the trading update was 1st Sept and the results 16th Sept.
We're anticipating a good dividend level, large reductions in debt, dealing well with covid, self reliance on power and progress and plans on their new projects like Mintails/Mogale.
A 1p dividend would represent 6.25% yield, shining the light here. At current gold price levels, the market could easily take the SP towards 25p. US$/ZAR rate is moving in the right direct for us currently.
All IMO

This is 10.5 per share. "The combined rental income of the two properties is £1,177,087 pa", so we'll miss out on earnings of 0.74p a year. No doubt they have something up their sleeve as a plan for the use of this money.

Hi Guitar.
In my example the average yield of shares within the fund is 5%, so companies like BHP yielding 10% are considered.
The average yield of the fund, (if only paying dividends out of the income received from shares within the fund) must always be slightly less than the overall yield of the shares within it.
Surely the only way to be able to pay out a higher dividend return than the average yield of the shares within it, is by trading and/or taking profits by selling shares, then buying etc. The same as in most portfolios held by PI/II alike.

The initial point here, was that the drop in our SP, looked overblown compared to what's in the fund, and much of the rise in the SP over the last year, looked under played.

So stick, sell, add....? The usual dillema. The delta variant hasn't got going in Asia/Australia yet with is also a great worry, when the countries involved are all under vaccinated.