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Did this happen in other shares anyone is following today ? If this is the case then they must have found a buyer at a discounted price, but that doesn't help all the stops been taken out if trading rather than having shares.

Hi Thronegames.
This is also very useful site concerning dividends.
https://www.dividenddata.co.uk/exdividenddate.py?m=alldividends&fm=&sc=xd&st=0
Click the column headers for putting this list in that order.
https://www.dividenddata.co.uk/dividendyield.py?market=ftse100

This helped me a week ago after researching a company I'd not considered before, I Sold some of my BP/Bought that company both at 307 (BP now 302, new company is 320 with a 4.59% divi on the 8th April). Planning to sell and reinvest in BP mid April as IMO BP will keep the dividend at the same level, Opec will delay and the Suez will reopen fairly pronto. Could be wrong, in which case that capital is stuck in another company with an ongoing buyback and a 6.9% yield.

High odds that we've turned the corner....

IMO 329 by dividend, but with a more positive wider market then 338.

Strengthened/weakened, which ever perspective from each currency, the debt and costs are in rand so it's better to have a more rand per dollar. It's easy to confuse term weak with lowering numbers regards Anty's subject.
It's late at night... Decided to check back. I remember checking all these rates daily a year ago.
PAF SP has always lagged a bit. For each ounce of gold revenue: Roughly.
Now $1700 is currently 25900 ZAR. Gold price is less than £1300. SP 16p less debt. moving downwards
Last August $2000 was 35200 ZAR or Gold price was above £1500. SP 25p debt being paid, moving level
Last April $1730 was 32870 ZAR. Gold price was less than £1300. SP 12p loads of debt, moving higher
SA are well in control of the virus going into winter.
Anyway. I agree, strong support at 16p but the price could go low teens, daily MACD going red, and if it hits support at 15, 13.5 then 12.75, time to pile in. Looking to buy and go overweight before July's results with recovery stakes from elsewhere.

250 In April Darren..
I do not short but probably one of the few that would be OK with a low price currently. Dividend re-investment will improve future yield more.
250 is still a 6% yield and is only a problem if one needs to sell the shares.
Anything below 290 currently, the buyback provides better value than a dividend alternative. With that buyback though, the dividend would naturally improve with less shares anyway.
I'm more positive as I see the upcoming results and the 12th April roadmap date will keep sentiment higher, bouncing off the base of the current trend line. 270 to 300 would be ok and anything above if sentiment rides to the top of the channel, 360, great, as 360 when it comes provides opportunity to top slice some holding sooner rather than later.

Is the SP going back to 1600 now. A trading cycle of a few months ?
I admit I did not watch all of that vid by Rogue in detail as some parts felt like I was being talked through the presentation but IMO several main things were not mentioned strongly that for me are main reasons to hold/buy.
1. Their declared ambition to become a world leader in wind farms.
2. Selling 10 billion euros in bonds recently is a serious stamp of approval by the buyers that SSE can deliver.
3. Energy prices are increasing.
4. A lot of trading happens with SSE and there is plenty of liquidity.
I won't attempt to quantify these with a rough fundamentals calculation, but for the immediate future,
a range between 1300 and 1600 makes for a dividend yield of 80/1600 to 80/1300 which is between 5% and 6.1%.

IMO, SSE is Good for trading a position higher, has a good return and good growth prospects for the foreseeable future.

Cheers all.

"Renewable energy giant SSE is planning to become Britain’s first global wind farm business under a £15 billion plan to expand beyond the UK and Ireland."
https://dailybusinessgroup.co.uk/2021/02/sse-aims-to-become-uks-first-global-wind-farm-firm/

Dividends in the plan until 2023.
This From 2020:
"SSE recommended a final payout of 56p per share (to be paid on 18 September), giving investors a full year to 31 March 2020 dividend of 80p per share. That’s in line with five-year 2018/19 to 2022/23 dividend plan, SSE said."
https://www.sharesmagazine.co.uk/news/shares/sse-surges-on-earnings-beat-and-dividend-commitment

nm

Yes. The US$ Rand Rate going from 19 to 14 means the debt payments and all costs are now 35% more compared to a year ago given the same gold sales in US$. The gold price going down as well makes for less market value.
Less than 16p was to be my trigger to buy here, but TBH didn't think it would get this low before April/May/June.

Comonsence.. Some of what you say is good. Yes the oil price will see good recovery, and now all the over 50's are vaccinated the onshore economy can open up. But some of your EU points are "Nonsense" rather than "Common sense".
The EU vax problem is due to the fact that the UK has exported zero vaccines to the rest of the world so far. The Tories showing a typically selfish attitude that has riled the EU who have exported 50% of the vaccines manufactured there and taken the more responsible road of a slower program that vaccinates all. Obviously the UK has benefitted but to the detriment of trading trust. If the French developed vaccine had worked and the UK one had not, then I bet we would have exactly the same rate as the rest of the EU and not be lagging behind.
Sorry but It is the dumbest decision to have left the EU rather than change it from within. The UK economy has been battered. Losing 40% of EU exports (60% of our exports) literally means that 40% of 60% = 24% of our export wealth has been lost to Brexit in January. Fishing, Music, Intl Consulting, Cars, Food, all industries needing or will need some life support. Even if it settles at 15% loss, this is pretty much the figure dismissed as "Project Fear". BP as an investment is safe due to it's international nature and accounting in US$.
It should be no surprise that the FTSE is lagging the rest of the world recovery, Brexit has taken a significant chunk out of the UK's wealth and stature and we should not be in denial how bad this is going to get for the UK.
All IMO KWIM.

Hi Gareth. Yes, but it's only a problem if you need to sell. I'm in similar boat.
I top sliced some of my SIPP holdings here previously at 536 and I put that stake money into some of the FTSE dinosaurs to play safer. If the SP goes lower, I will likely top slice those Jurassic's and reinvest in EVR.
Seen the latest steel prices ? This should ease the worries.
https://www.lme.com/Metals/Ferrous/HRC-FOB-China#tabIndex=2
https://www.lme.com/Metals/Ferrous/HRC-N-America#tabIndex=2
Dividend reinvestment now at a lower level and hold for the next dividend, which should surely be higher than the last, and with it a higher SP.
Coal up
https://markets.businessinsider.com/commodities/coal-price
Iron still high
https://markets.businessinsider.com/commodities/iron-ore-price
Vanadium still 40% up from last year.
https://www.vanadiumprice.com/

BP Down 3% and DLG up 3%. Need to kick myself that I actually timed that right.. I'll enjoy the day.
So would this be rise towards ex-div day, or just the end of the sell-off. Probably the former sparked the latter.
Cheers all.

Hi Barnyards. Fair point. However.
Selling low and making sure my CGT was low worked out well this tax year for my ISA's.
2021 I'm looking to trade my holding higher, so selling at a high then transferring the cash, then buying back my shares at a lower price is my strategy, Which as you rightly say, will mean more shares for my buck. So yes. I'm looking to sell at a high between April and April, which does make sense. The amounts involved with ISA's for the near few months should now be enough not to effect CGT.

Hi Rogue.
What's your take on the recent 10 Billion Euro Bond ?
See recent RNS's

This Rosneft Boost is great. Would people consider a direct holding in Rosneft themselves ?
I top sliced a chunk of BP that I had bought at 260 yesterday to keep my portfolio balanced. I actually missed the moment to sell due to answering a call within the ten seconds to confirm the sell at 324 a week or two back, then the market closed at 430. That no feels like a 'one that got away' fishing story. Ah well.
I'm OK with the current dip due to the dividend re-investment. I just need a good high between April and April to sell and transfer to my family ISA's and I'm in the camp that thinks the big movement for BP will not be Q1 results, but Q2. Debt level will be practically reached and BP may increase dividends to 'Keep up with the Jones'. The SP will also be at a level that dividends will be just about more beneficially to shareholders (above 290p).
Cheers all and GL

Hi All. I'm in as of yesterday. Sold BP around 307 and bought here for around 307, so quite easy for me to gauge if it will work out in my favour or not. I will not proclaim to be hugely researched, but the basics of recovery, dividend, buyback, good results and the recent sell-off have persuaded me to invest. Be following this BB from now. Cheers all and GL.

Thanks for posting Rogue. Looks good. I'll watch in full tomorrow.

Dividend vs Buybak
After declaring the dividend will not rise in 2021, BP have postured themselves to produce accounts just after RDS. So I take it that BP will have a day or two to consider matching a dividend hike to their nearest rival.
Once the 35 billiion debt figures has been reached, we will know as the buyback will be declared, and that could be anytime, also giving BP a good hand to declare progress to investors.

But which is better for shareholders, a buyback or a dividend ?

With the higher oil price the debt target will be reached much sooner, I suggest May or June as the buyback start, but this is a key to look for when Q1 is reported.

Roughly...
A billion dollars on dividend equates to a 4.9 cents (3.5p) dividend.
A billion dollar buyback at an SP of 320p and market cap of £65Bn ($4.44 & $90.35Bn)
means instead of 20.35Bn shares in issues , there would be 225m less giving 20.125Bn MC.

Translated, the same market cap of 65Bn would make an SP of 323.
So a dividend would then be more beneficial for us at an SP of 320.
An SP of 300p and MC of £61Bn, and a billion dollar buyback at 300p, new equivalent SP of 61/(20.35-.24)=303p
An SP of 290 an MC of £59Bn, new equivalent SP of 59/(20.35-.248)=293.5p

For the current US$ to GBP There is a sweet spot where the uplift from the a buyback would be the same amount as an equivalent dividend, and that is at around 290p.
Without disaster and maintaining and oil price in the 60s,
290p is surely the floor in our trading range.

Tips...
Cheers NoelShempsky. These are my portfolio recommends to research.

Gold : Galantas (GAL) look like their troubles are behind them. A paltry Market Cap (£10m) for a company who have just started producing again, and will pump the funds back into getting to a first target of 20,000 Oz a year. IMO a tip for a ten-bagger over a few years but DYOR. This is a link to their NI 43-101 which is still the plan just started after all sorts of interruptions by Covid-19, local anti-mine protestors and the like, delay after delay due to protesting about lorries of the roads and open mine not backfilled.
https://www.galantas.com/assets/Uploads/92d7d9741c/July-FINAL-GAL-43-101-PERC-2014v9.pdf

There are two mining resource companies I'm in.
Bluejay Mining (JAY) who have a pledge of funding and Amur Minerals (AMC) who have loads of nickel and the world keeps wanting more for batteries/steel etc. I have smallish holdings in both.

I have a large free holding in PAF, Pan African Minerals and I am currently waiting on BP/EVR to go high enough and PAF to go low enough to pile in again. IMO A PAF investment will show well over 100% growth in two years and also a 15% to 20% dividend on todays prices but obviously DYOR.

Hi TD2 )) Hope all good !
I'm finally an AMC holder. Got a holding today.
Cheers & GL