Member Info for Gavster-NBC

Buy one and hold or have some fun.
Stay in Shell at least for next week as you've just missed qualifying for the dividend in BP today. Collect the RDS dividend.
Since the two generally go up and down together, it's not to difficult to pick a day, when the one you're in out performs the other by at least a percent, then sell to invest into the other, and keep it simple.

Good call Spikey. I'm looking to profit from both ex-divs a week apart as well. GL.

Let alone two dividends in two weeks, to be re-invested, the SP is recovering too.
Looks like it will reach 100 before the summer too.

FTSE is over 7000. Oil Price sneaking back above £50 - ( just saw 50.05678, and $69.63)
Dividend if you hold tomorrow.. Debt getting lower, buyback chipping up the earnings and div per share.
Pandemic measures easing. More and more fundamentals to justify a rise to greater than 320..

Unless the USA decides to pull the whole market down, breaking 315 should be on the cards.
320 by the bell would be great as the ex-div drop would keep us above 315.

Hi BP or not.
My thoughts are the same as last week, the buyback anchors the price to 290-300, so does the dividend level but the oil price supersedes all influence and as it rises will make for lower debt and increase pressure for a higher dividend. At some point the DIv will go higher on fundamentals and the SP will rocket north at the same rate as it went down last March/April.

Poly going back up with a big rise today. My investment worked out well so far. Gold up, and record date looms.

Hi Ceders
It's a decent call as 320 has been a resistance area before, but Brent shifting up a gear to 69/70 would make any potential ex-div drop irrelevant and the short term trend is up. That drop before the ex-div in Feb corresponds to Brent going down a dollar. RDS have their ex-div next week, so it's possible to profit from both if well timed (or POLY which has been a trade for me but that's away from oil). I'm holding through at the current level but may be tempted to transfer holdings to RDS if there is a spike up where BP keeps significantly outperforming RDS in the next two days.

Good news if it stays for a gap up tomorrow, and that's a headlines for a positive day.
We'll see what the markets do elsewhere and see.

Hi Sigma. I'm also watching DLG and noting the sell down (280 is my target to buy back in). However a big difference is that the UK insurance sector is being hammered due to CV-19 and all sorts of more domestic issues.
With BP, oil price movements pretty much supersede all other factors, as we saw this week. Brent has resistance at roughly 70 and support at 63, so IMO the 280 to 320 range for BP is about right and the lower the price the better for their buyback. The short term trend line in oil price suggests $68, which IMO points to 307/308p, add some trading peaks, less the ex-div and my guess is 3.04.

Gavster-NBC £3.04
SC £3.23
Sigma1 £2.79
Seen_it_done_it £2.99
Android £3.05
stevebt £3.07
Toffeemen1975 £3.08
NSS £3.10
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Wheremymoneygone £3.1
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Share be alright. 3.16
Cong £3.17
Touraco 3.19s
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Spights £3.40

Hi AbuRyu
If you hold shares in a nominee account with a brokers then they will deal with the dividend and it will appear in your trading account. Seplat is traded in London so should be fine.
As far as tax, you'll need to phone and ask your brokers. I've come across this before with a company I'm invested in based in South Africa. but I did not qualify. Will count more if you hold your shares direct, share certificate etc and you'll need to contact the company.

The Comparison with POLY to XAU is consistent but POLY also pays Div's.
Unless you have a compelling reason that the gold price will crash, then surely the only way is up for gold with inflation, currencies devaluing etc etc etc.

Good Stuff, just bought my first holding. Watched the recent rise from 1430 then profit taking and chosen today.
Sold some BP which I was overweight in, both POLY and BP going ex-div same day next week.
I see some chart support around 1490 to 1510 and some div chasing next week should also provide lift.
We'll see. Cheers and GL.

Very happy with my holding here. Elsewhere some big oilers have been hammered this afternoon despite the POO.
Today looks like the SP has gone up roughly the same amount it will gap down for ex-div. Can't ask for more.

3.5p Ex-Div drop will not make any difference to BP's SP. You can see 10p swings in an afternoon.

Thanks Andy.
I had to do a double take, after reading we get a total dividend of $7.5cents in such a short space of time of two weeks.
Great return with an investment here.

I was OK with buybacks until I saw the total amount of cash BP had thrown down the drain on buybacks since 2000.

Do you realise that If they had spent that money on accumulating shares of other companies like RDS we would literally own 49% of Shell instead, be the toast of the FTSE and the envy of all.. Instead. lagging even Coinbase.

Anyway, didn't see the answers to my rants yesterday, I may scroll back, but I still have nothing good to say about the so-called investment of buying your own shares after you've issued them yourself.

IMO This buyback has an anchoring force to 290 to 300 superseded by the price of oil. (the figures show it's more worthwhile to to share holders to take equivalent dividend when the SP is higher).

RDS Today update is good and pressures BP to increase the DIV, hope we retouch 320 on this positivity.

Am I reading this all correctly... Has the new div replaced the 0.05$ due ex-div this week ?
Dividend 0.05$ Ex-Div is 30th April, ( not 29th April as I had in my notes)
Now we have another, 0.025$ Ex-Div is 11th May

· Board adopts quarterly dividend policy; declares Q1 2021 dividend of US2.5 cents per share
· Revenue up 16.8% to $152.4 million
· EBITDA of $77.8 million
· Cash at bank $236.3 million, net debt of $458.1 million

Nonsense ADHB.
Not to the tune of 64 Billion Dollars being the cost of those 7 billion shares. That works out as over 9$ a share, currently our dividend is a paltry 5.25 cents.

Happy, Apple don't have 30 billion dollars in debt, they can afford to throw money around.

This is a better example of how a buyback can be hopeless for a company when it has debt.

https://www.hartfordbusiness.com/article/how-sears-wasted-6-billion-that-could-have-kept-it-out-of-bankruptcy
"Would $6 billion in cash have kept Sears out of bankruptcy?
It sure wouldn't have hurt. Sears' ability to stay in business is in doubt after the company filed for bankruptcy protection this month.
Yet Sears spent $6 billion buying back its own shares since 2005 in a futile effort to help support its stock price. The stock plunged more than 99% in value, from a high of $143.91 in 2007 to less than $1 a share a couple of weeks before its bankruptcy filing. In bankruptcy, the shares are essentially worthless."

Written in a better way.

Happy
How has 64 Billion Dollars (SIXTY FOUR BILLION DOLLARS) been well spent on buybacks since 2000, when the equivalent cash/business aquisitions/being debt free/extra dividends would have been far more beneficial to the share holder by multiples than protecting the potential dilution of 20billion to 27 billion shares.