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Yes, I've just added.
I can't believe its under 250p with those results!
You say you are struggling financialy, yet your salary is 54k a year with no mortgage.
Are you for real?
You should be living the dream with that income and no mortgage/rent.
I've just top sliced my Shell holding at 2056p and bought ITV at 109.4p. My purchased average with Shell is 1313p and was 28% of my portfolio!
I'm hopeful that the dividend will be reinstated tomorrow and the sp will takeoff, like what happened to BT last autumn when they reinstated theirs.
Obviously if the dividend doesn't get reinstated tomorrow, the SP will sink and Tom can have a good laugh!
Only 20 hours to find out if I have made a good decision or not
Last week was a good one for the SP. With the milder weather this year, this quarter should smash last years weak comparative and could be 10% up on pre covid figures. Hopefully this will be good enough for an interim dividend and the SP should march on!
I see that the Buybacks were 2.9m yesterday, pro rata this is 10% of Shell's share capital! That should mop up any profit takers now that we are hitting £20.
Also Blackrock have increased their holding from 6.97% to 7.22%.
I bought my Shell shares a year ago, so I'm sitting on a handsome profit and I should be top slicing as I'm way overweight, but I'm not going anywhere unless anyone knows of a better home for my money?
As we can all probably guess, the net debt will reduce by approximately $6bn on Thursday. At this rate Shell will be debt free in approximately 10 quarters (2.5 years) time, probably quicker due to asset sales eg $2.5bn from the Permian sale.
So in a little over 2 years time, Shell will have this $6bn to distribute to shareholders. Together with the current dividend and share buybacks, Shell will have the capacity to pay a dividend of 100 cents a quarter, which would give a sp of approximately £50.
Whilst this is optimistic, a quarterly dividend of 50 cents is easily doable.
The above assumes that the oil and natural gas prices don't drop badly in the next few years.
I'm guessing that the dividend will be 30 cents on Thursday.
DYOR