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We have had oil of magnitude before l think it was called a duster

Where are the £1.50 by Friday Rampers now unless of course they mean 0.15p. 88 is what it is mediocre updates is the order of the day...lost count of the times in the past when we were going to hit the jackpot only to find out its another duster. Maybe this time? Or maybe business as usual tasting the dust once again with our billions of barrels just out of reach yet again

l think we need to seriously think about a penny party as achievable in the long term ...maybe

well looks like were heading for the usual 0.25p price in the cycle of things with 88 but are we ever going to reach 4p again ?
maybe when we reach 20 billion shares after a couple more cash raises ? who knows ? not me for one... perhaps one of you learned gentlemen who can read these expensive glossy reports can say

Whats all the fuss? Buybacks mean Less Shares and a better price in Thoery, But Market forces always rule the roost meaning that it does not matter how many shares you buy back if the markets are not happy the price drops. In my opinion The Buyback is sound in principle but in practice it can be pot luck
For me Lloyds is still a good share "Reasonable Dividends" I know there are shares with Better Dividends but for me Lloyds are Low to Medium risk and im happy with that. In this time of turmoil when you dont know what is going to happen next for me its important to minimise risk in an increasingly risky world

Over 2 Billion Shares Bought back already for £900 Million so its looking good So it May well be 4.4 Billion Shares Cancelled by the end of the buyback not bad as we had 75-76 Billion Shares . So we will all get a better interim Dividend later in the year... Personally im Happy here...

Currently the price leaves a little to be desired but we have just XD 1.33p with an interim due to XD in August Probobly 0.7p to 1p plus the 2 Billion Buyback is getting excellet value for money on a daily basis at the moment... THis is a sound investment for the dividend alone ,,, Any Capital Gain is icing on the cake 50p is good anything above that is a pleasant bonus... Looks like 60p is out of the question in the immediate future unless things happen that we dont know about... Not sure interest rates will do the trick... if banks milk the base rate as we did in the past the Public in this climate will go absolutely ape... the government will have no choice to step in and play spank the bank

I sold out the Vast Majority of my holdings a while ago and took really nasty losses. But have since moved back into Blue chips and recouped most of my losses. l still hold a small number because just like a lottery ticket you may win but thats all this is a lottery ticket anyone who thinks this is an investment does not understand the meaning of the word.
If your gambling in this please make sure you can afford to loose every penny you put in. Time after time we get the razzle dazzel of a Glitzy 3D report before the drill followed months later by the "Duster Announcement"

The Problem is there is to much Knowledge. The site is filled with eminent experts in the oil industry. 88 has lavish colourful 3D drawings of our perceived wealth the eminent experts endorse the material generously . but still we are left with the taste of dust in our mouths again and again.... You see there is oil but its either the wrong sort or in the wrong place... we always seem to get the right dust though

Thats another old chestnut used by 88 from time to time...... Yes its true we do have money in the bank but as we dont have any income it wont stay there for long thus constant cash raises .. its always Glossy Booklets showing Billions of Barrels of Oil that 88 own as its under our (leased) land unfortunatey this information does not taste nice with dust in your mouth

l remember when we passed 5 billion shares in issue people were saying it was far to many....Currently 15.89 Billion
shares in issue . no doubt we will slide past 16 million shortly .... 20 billion soon at this rate .... perhaps it s better to have a penny party than a pound party after all a penny is much more realistic...
Good luck to Duster Dave and Ashleigh Ash both excellent Captains at the helm of HMS Titanic AKA 88e same fate different day

It was Duster Dave now its Ashleys Ash

HL is showing 45.1

High 45 low 38 almost 550, 000 Million traded what a roller coaster day, Horsey has done some galloping up and down today who knows where he will end up at 5pm

This is no time for a one trick pony, Ive got much of my portfolio in property which will end up dust in a nuclear war but good if we dont have one. but like many here ive moved some of my shares portfolio into cash. But to be brutally honest im looking at moving more. interst rate rises are likely to come thick and fast in the next 12 months so thats a positive for the banks. This is uncharted territory in the sense that it could be the end of charts. Personally im thinking of spending a few months in the far east to see how this pans out. A garden air raid shelter im afraid does not cut the mustard with nukes... Good luck everyone and may the peace of the lord be with you all

It was my understanding that after covid hit and we lost the dividend we were never going to get that lost money back because those billions were to be used in someway as covid loans... Why is there so many people that think we would actually get this money back when things get well again?

Looking forward to the morning. After Barclays, Nat West And Lloyds up to Q3 all would seem rosy in the banking garden. l would be surprised if we do not come up with similar figures but its up to the gaffers to say how much the peasants will be paid
is it possible for a Hat Trick??? Good Divy, Buyback and Special?

CorvoBianco, Ive also looked at the possibility of Lloyds shares plummeting after an excellent set of results
and you are right of course it may happen. in a parallel universe a good set of results should push us to 60p
but that isnt going to happen.. Is it??

Nat West is a fine Example of a company that gives that gives an excellent set of results, Nice Dividend and a Chunky buyback
But the buffoons AKA the opinion formers decide its not good enough and the price drops. What do they expect??? £1 Divi and buy all the shares back???

Almost here. Im looking forward to the results, at the very least we should get a decent final dividend, the closer to 1.5p the better... maybe a special half a pence on top and hefty buyback?