The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Good morning Getagrip.,
I really don't disagree with anything in your post. Speaking only fir myself, I decided to invest not an inconsiderate sum in this stock because I judged it to be a 'safe harbour' investment and I still believe that to be the case. I'm on record ad nauseum for calling out the reduction in the dividend and its urgent reinstatement because that has held the stock price back arguably enabling the board to buyback shares much cheaper, but we are paying for that programme due to the diluted dividends we receive currently. I hope the board will slow down the transition into renewable energy and continue to invest in new oil and gas then we should have the best possible scenario leading to a huge uplift in the share price. I still see BP as a solid investment. Good luck with your holdings
Jakers
Good morning all,
How refreshing to see a bit of 'bonhomie' on the board for a change.
Long may it continue. BP tests us all from time to time, but yes I totally agree that it is a comparatively safe investment. If only they would improve the dividend and backpeddle more on the mad dash into unproven renewable our share price would rocket. Good luck to everyone and have a good weekend
Jeffrey 1979, at the risk of offending others on the board who hold an alternate view, the only thing that will move the sp forward and sustain that level is the reinstatement of the dividend. Apologies to anyone who doesn't agree but buybacks are not putting any cash in my pocket
Hello Meoryou,
Ideally I would like to see it back at precovid levels and get some real money back to the investors, even if that is achieved at the cost of suspension of the buyback process which with great respect to fellow posters, has done very little to move the stock price upward in my opinion.
Will that happen ? No I do not think it will sadly I believe they will stick to the existing formula and probably uplift by 10% in early February.
Of course I accept that buybacks have taken millions of shares out of thr equation but look at the cost and realistically what has it done for the share price ?
If I accept the argument made by fellow posters the buybacks have supported the sp, but I have to ask where would the sp be today if the billions had been used for diverse investments.
I genuinely believe the key to increased sp is getting the dividend back to precovid level.
thank you spights, yes the logburner is our friend atm or should i say our ****er spaniels friend as he is hogging it presently.
hoping for some more cheerful news with earnings and div announcements early feb. best to all.
Hi Spights, This board is rather volatile presently sadly, bit I suspect its mainly due to the level of frustration with the lackluster share price. I think its time our board and new ceo had a complete rethink of their interpretation of "returning value to shareholders " ditch the buyback programme (which has cost billions and done nothing for the sp) and reinstate the dividend to its precovid level, then watch the sp take flight.
Meoryou don't let the arrogance of a few (and we know who they are) ruin an otherwise excellent board.
Thanks Meoryou, I don't spend much time in uk these days but always like to read the interesting posts from everyone. I'm still invested here and hope that we see positive momentum in share price and dividend uplift on results day.
Happy New Year to all, sorry if a bit belated.
Meoryou, I've never been a fan of buybacks, as for small investors I just don't see the reward.
If you add up the billions spent to date on buybacks it's a staggering amount, so why isn't the share price moving as a result., or is it the case that without the massive buyback total the sp would be a fraction of the current price... its an interesting conundrum, but give me enhanced dividend anyway.
Good morning MarkGo and everyone,
I do agree that the results will be lacklustre in comparison with previous qtrs. The only thing that might avoid a setback in the share price in my opinion would be a substantive uplift to the dividend.