Member Info for IceyDicey

Agree fully. Frustrating to see the pull backs on good/decent news but fundamentals are solid. Best just to top up on the over done drops and look away for a while sometimes. 🤣

Agree fully. Frustrating to see the pull backs on good/decent news but fundamentals are solid. Best just to top up on the over done drops and look away for a while sometimes. 🤣

Another small top up today, took advantage of the op to average down and increase my holding.

It was a decent to strong trading update. Good managment team, continually growing margins, good customer base - lot of upside.

Topped up a few more today. The turn around will take time but it is working. AIM people want instant results. This isn't a hope and a prayer company it is a solid plan with a good route forwards imo.

Good business model, lot's of recent investment into new tech/automation. Lot's of new contracts in the pipe line. Super excited to see how this grows and think it will be unrecognisable in 2030.

Sigma1 269
IceyDicey 277

Wise move. You’d have to be foolish to catch a falling in knife that could still have some way to go.

https://www.google.co.uk/amp/s/www.investingcube.com/bp-share-price-is-32-overvalued-dcf-calculation-shows/amp/

I previously had a big buy order at 2.87 now revised to 2.70 in anticipation of the 2.60’s breach

Friday clubSun 23:45
RE: FRIDAY CLUB
Mojo7865 £2.50
Westh1 £2.80
Share be alright £2.81
Sigma1 £2.83
JSB £2.97
NSS £3.03
CR £3.05
MarkGo £3.08
45Bob £3.09
Jezzoo £3.12
Andy £3.15
Spights £3.22
Rjb92 £3.23
SB £3.25
IceyDicey £3.01

The Arabs & Russians looking to flood the market (literally) and cash in while the going is good making the OPEC/+ agreement very fragile. They know massive oil demand has a ticking clock in terms of this massive push to green. The transition to green will be very slow and very expensive. So BP won’t necessarily be the safe bet it has been for hedge funds and pension pots for donkeys years. Times are changing and nothing is guaranteed. To say no reason to sell this share is a bit of a stretch. I wouldn’t sell myself but surely you can see why some people would and move their money elsewhere. Your focus on the oil price is somewhat irrelevant as this share has never gone up with it or down with it either (when when it should). Massive upside here but one should always be subjective. Your blind positivity is either naive or ramping.

I dip in and out as and when depending on funds and volatility and whatever else. I’ve never been a long term holder, buy on low’s and sell on high’s (well try to)! But my posts highlight positives and negatives both (always). I’ve bought as low as £1.92 and as high previously as £3.24! Currently I hold none and not looking to re enter unless things get silly. But even then I would never pump it you can check my post history. Unlike yours which is always, “strong buy” ??

Guys don’t be blinkered by the posts on here. Of course most people on here are holding (or not and trying to get in). So very few - if any are neutral without an agenda. People talk about being here long term but the only name on this bb who is familiar from previous years is Bigbadbaz*. Don’t believe hype and up talking. DYOR! BP is in transition to green, the transition will take many years and cost many billions. This will see sub 3 before it sees plus 4. It will see 4 and beyond but please don’t buy into this re rating due and currently undervalued crap. Don’t invest more then you can afford to risk or lose (albeit temporary or otherwise). Too many people on here trying to build sentiment and mislead. The price is cheap now but it could a lot lower. If your genuinely here for the long term 3-5+ years buy as many as you can and don’t dwell on the weekly or monthly movement. These guys panicking on fluctuations and slow progress obviously are not here for them long term. So please don’t get sucked into their hype.

Called this consistently all the way down from £3 odd. Said we'd see £2 before we ever saw £3 again and people laughed.

This most likely still isn't the bottom. All the smart day traders who made a killing when we ranged £2.95-£3.30 odd for sometime - on the whole still aren't posting or day trading. People need to not get caught up by all the positivity on here as most of those posting are at a LOSS and have ulterior motives for the positivity. Listen to the day traders who aren't in now and have no reason to mislead. Don't buy just because it's the cheapest it's ever been... Don't buy because of historical data - it isn't relevant with the current Covid situation coupled with the mass change of direction of the business. The business will have to invest massively to go green. The green side will eat up a lot of money for a lot of years before it is cash generating on a large scale. DYOR

Ah I stand corrected didn’t note the time. GLA

Cookie - buys or sells of that size are usually at the end of the day to balance the book for the traders and catch up from lag from the day. Hence a 42m sell after hours too. Obviously not one seller it’s combined to make it easier then putting though individually. Ps. I’m not a de ramper check my post history I have been consistently saying beware and we are going down since the SP was 2.90+

A conviction broker rating usually means the broker has a lot of the said stock to unload. I don’t believe posters are genuinely naive enough to believe otherwise. This SP has crumbled initially because of Covid/lockdown. But with the announcement to move away from Oil long term compounded this has made real issues for BP in the short term. The bulk of the share holders of BP are not oil savvy or even share savvy. They are people invested via institutions and pensions etc who have had financial advisors and funds advise them that BP is safe and has a dividend - both of which were true until recently. The forthcoming change in demand for oil be it 10 or 30 years is obviously coming. The full transition to green will take a long time and in the interim cost a lot of money to arrange and adjust the infrastructure. BP is not a safe share for pension funds and similar anymore as the direction has many question marks as has the time scales. I believe this is what is pushing the price down. Institutions uploading as they can no longer hang their hat on this as safe. There is a lot of money to be made on this share but nobody can argue it is safe or risk free. Nobody can say how long the change to green will take and how much it will cost to reach them green targets. All of the day traders who posted on here daily during the SP ranging made a killing. Doesn’t anybody notice they aren’t posting now as they are sitting on the sidelines! Why jump in when the share is still possibly in decline. There is no green light at the when of the tunnel yet. Hold it you are already in. But please do not buy on the basis of a broker rating when they have ulterior motives for pushing the share (as do all the share tipsters and websites)! DYOR. Don’t invest more then you can afford to lose.

Good buy price but don’t think the previous price of 5.00 plus is relevant. The business has changed a lot and will change more with the switch to, “green energy”. The previous highs we have seen were based on the oil demand being stable and growing. With oil being phased out it’s hard to know how much demand we will see and for how long and also how long our transition to green will take. For sure we will spend a lot of money changing the infrastructure and gearing for the new direction. Many shareholders here are institutions and
Such/pension funds etc who saw BP as reliable and safe for recurring dividends etc. With the direction of the company And more importantly timescales to green now being unknown this isn’t the safe banker it once was. Profit to be had for sure, but suspect more for trading then long term. I still think this will go lower and will top up once/if it does.

Tricky times. Glad to be out at the moment. Watching with interest and best of luck to all currently holding.

“Opinion board” my ass. This is a sentiment and P&D board. Aka I agree with you fully on your thoughts that this has many high’s and lows to go. Anyone selling a dream of going from here to 400 directly is just leading new investors up the garden path! Confidence is low, supply exceeds demand. A lot of uncertainty. Will this teach 400? yes. But I’d bet we see 300 before we see 400! Good luck to long and shorters as always and DYOR!

100% how I read it. Not over hyping the situation, playing it down and lowering expectations all around. So when he meets or exceeds expectations it will be viewed as a win. Smart strategy and I am happy with his play here.