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https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-third-quarter-2020-results.pdf

Next step after could be a BFS, which would most certainly send a rocket up the SP and an large increase in Market Cap.

This is decent news. If they are serious about getting proper value in a takeover. An updated NI 43-101 is essential. They are again pulling in revenue, spending it properly on a certified resource, and have a billion dollars worth of gold in the ground.

Thanks darientaylor
Yes, I stand corrected with overly dismissing what happened in Q2, but the point rephrased remains, has there been any bad news since ? Oil went back up to a level that keeps BP profitable. Those write-offs can only happen once. Bond's have been issued. The market looks to have priced in a dividend cancellation.

These have to be positive, there has been no bad news just bad sentiment. These should make BP a very attractive buy for yield and now growth.
I bought yesterday at £2. I've given up trying to guess the base of the curve, so all my buys are long term as I'm banking on the dividend remaining and these can be reinvested. My average is terrible as I'm one of the many that did not see such a shorting and selling attack into BP/Shell and decided to hold. Overall I'm hedged by other investments but this is not ideal in any way.
Will there be UK stimulus in the same way as the USA ? IMO There has to be another 50 to 100 billion printed up to pump into the economy, not just to keep peoples lives on a lockdown pause, but to stem the UK market from a Covid-19 demise kicked in the teeth by a looming Brexit, which will be good for BP and all companies accounting in US$, but not the FTSE as a whole.
The Bank Of England has called for drastic action, to stem this flow. Will, when and how will this recommendation be followed ? Some devaluing of the GBP and the dollar rate going down again to circa 1.20 / 1.25 will be a welcome boost as it was a few months back.

Evraz is holding steady whilst elsewhere in parts of the FTSE, disaster begets disaster.

Steel prices in USA and China are back to mid 2019 levels when the share price was in the 600s and the resulting dividend was 40 cents instead of today's 20 cents. A dividend of 40 cents would make the annual yield rate to today's share price a decent 16%.. But what level will it be. If more, then how much more ?
Coal is up, coking coal is stable and iron ore is up.
Unless the BOD decide to pump as much into debt as possible, which has not been the Evraz way. The cash pile for dividend by next Feb with these commodity prices with be very healthy.

Sticking my neck out and money invested, would like to hear what others think on the matter.

https://www.lme.com/Metals/Ferrous/HRC-N-America#tabIndex=2
https://markets.businessinsider.com/commodities/iron-ore-price
https://markets.businessinsider.com/commodities/coal-price

Even the rise in copper prices above 3$ can't stop the rot and eventual collapse.
I gambled with a holding here at 1p recently. as the copper price will be rising just not fast enough to save Rambler.

Lol maddmax
Don't engage IMO - stick to trading and BP with Tacet. For anything else, he gets his info from conspiracy youtube so he's one step from believing in the Mandela effect, the Earth is Flat and Birds are not Real.

These are due 27 Oct 2020, and as far as I can tell, BP will still be in profit, pay the dividend, and these will in fact be more positive than the previous quarterly results.
batten Down, reinvest the Dividends, or Buy on this dip.
London is now in tier 2 Lockdown, makes a big headline but in fact most of us are already doing tier 3 anyway.

if you hold shares on the ex-dividend date, then you'll get the dividend.
Evraz past dividends.
https://www.evraz.com/en/investors/shareholders/dividends/
Dividends explained.
https://www.investopedia.com/terms/d/dividend.asp

Tacet !! psst. Birds are not real...

https://www.youtube.com/watch?v=zNtr0RahRqM

Tacet
Oh dear,
I actually watched the first 5 minutes of that video and there are so many factually incorrect statements and out of context quotes, it falls apart with only a little scrutiny.
Climate change acceleration by industrial mankind has been proved beyond doubt. You can choose to believe this kind of youtube rubbish if you like (after all, a global change and reduction in fossil fuel use was what was being talked about by the people in the clips) but essentially the Covid-19 reaction in the markets with the oil price has simply highlighted the move away from oil. It's probably too late to save half the planet's bio-diversity but as an investment, BP, and that's what we're talking about here, is still viable and the producing assets closed due to the oil price will eventually have the effect of reducing production, and so the oil price will rise. At that point, BP has stated it will sell those assets and increase its natural move away from oil. The SP will also rise with the oil price.

Personally I think SSE a great long term hold, averaged around 1250 and I've been reinvesting dividends. I feel that the balance sheet is much more recession proof than the corresponding share price dips suggest. The Ofgem situation needs an eye.

"SSE's dividend provides income for people's pensions and savings and is particularly vital given the economic consequences of the coronavirus pandemic. SSE continues to target delivery of the five-year dividend plan to 2022/23, including an 80p + RPI full-year dividend for 2020/21. It intends to declare a 24.4p interim dividend in November 2020 for payment in March 2021, based on an estimated RPI of 1.5%."

Hi Eish.

I looked this up and read through this article, one of many. https://financialpost.com/pmn/business-pmn/barrick-ceo-calls-for-consolidation-and-warns-of-reserve-crisis. Considering his position, what would be his motives for such a statement. Thinking of re-opening Mpneng, boost reserve values or make smaller reserve miners cheaper. Hard to say.

Definitely good for PAF with the core mines having reserves that can last "centuries", as I think Cobus or Jan Nelson put it once. It also bodes well for any moth-balled mines with large reserves which could become viable with higher and higher prices.

Apart from Pure Gold, which I have on watch and before I research, which other UK listed gold miners are professing to have reserves that can last lifetimes ?

Anyone considering taking over PAF, would surely have to pay well over the current market cap.

Out of interest. Who would rather see Tesco buy a stake in or takeover some other businesses, grabbing the opportunity while markets are down, thereby boosting income and yield rather than take the special dividend ?

IMO. Dividends and return are a bigger driver of share price than NAV. Tescos is not a mining company. The dividend and return will reduce by far less meaning the SP will hold recover more than a 50p dividend payment drop. The sale of the Asian business was driven by its profitability, not the property value of its warehouses and shops.

I keep thinking that EVR is about to set off higher, and we see some violent and volatile share movements in a general upwards motion. Some of those 10% a day movements we've seen here in the past, or is the market still very cautious about Covid-19 situations.
350 to 360 is an area of resistance and the commodity prices are excellent currently.
https://www.lme.com/Metals/Ferrous/HRC-N-America#tabIndex=2
https://markets.businessinsider.com/commodities/iron-ore-price
https://markets.businessinsider.com/commodities/coal-price

Yes. Total mistake, on my part.. Too late at night.
It explains it here.
https://www.fergusonplc.com/content/dam/ferguson/corporate/investors_and_media/Shareholder-centre/AGM/2018/Ferguson%20plc%20Share%20Consolidation%20illustration%202018.pdf

The share price remains at 2.00 but with less shares we lose out and our holding becomes worth £5000 less.

deeerrr

Because Tesco's have stated this :
" In addition, the Board intends to return c.£5.0bn to shareholders via a special dividend with associated share consolidation."
Meaning that they will consolidate the shares in order to keep the share price unaffected.

See that in their announcement here, page 55.
https://www.tescoplc.com/media/756494/tesco-plc-interims-results-2021.pdf

What is not to like with the special dividend / share consolidation? Surely it's a return of 30% on offer.
Are my figures correct ? What is the cautiousness shown by the market on this ?
Is it that the market cap is currently inflated by £5B, but that doesn't tally with the current yield ?

Example: https://www.fergusonplc.com/content/dam/ferguson/corporate/investors_and_media/Shareholder-centre/AGM/2018/Ferguson%20plc%20Share%

Simplification of TESCOS Current Situation :

Today : Market Cap = £20B, 10B Shares in issue, Annual Dividend payout = £1B
A holding of 10000 shares at £2.00, Yield is 5% (10p dividends a year) and the special dividend is 50 p.
You'll get return of £6000, and have 10000 shares with a new share price of £1.50 Total Investment = £15000.
Share consolidation happens. Market Cap = £15B. (Share Reduction % = 50p/£2.00 = 25%) Shares becomes 7.5B in issue
Some loss of Asian profits means Annual Dividend is now = £0.75B
10000 Shares in Old Tesco becomes 7500 New Shares valued at £2.00. New Yield = 5%.

Overall : Investment started and remains £20000, returns Dividend and Special Dividend (£1000+£5000) = £6000.

Overall a yield of 30% has been had. ...