Member Info for leas

panda, I bought 5000 intending to add more but have held off for now due to being exposed with BP also (20% Russian oil fields) Also holding SLP which exposes me to the Political situation in SA. Was hoping that SLP was going to pay a dividend which has been sidelined for now. All 3 should pay a yield avg of 6%. Managed to sell 70% of IMM near to the years high and waiting for their P3 results. If they are as expected then I will sell on a spike and add further unless the Russian Syrian crisis escalates. One thing for sure, Gold prices will firm pretty quick if tensions continue.

Not my view that Russia will seize assets. In fact as I have posted in the past that there has always been a concern. I am also invested in HGM so probably exposed to Russia more than the average pi. I am talking about market sentiment rather than what I think the outcome will be. Clearly the current market sentiment is positive on the back of the PoO. I also think it is worth discussing and cannot be ignored, I certainly don't think it's scaremongering. No matter what our opinions are on here, the sp will react accordingly.

DickMcDick, I would suggest that such a member name indicates the likelihood that it is your goolies that have twisted. :) In relation to the concern that Russia will grab assets due to the Syrian crisis is a genuine concern. However, that risk has always been there (only have to Google 'BP and Russia' to see the history. Imo that concern has been offset by the PoO which has strengthened. Revenue at the moment from oil should be almost at an historic high for BP when you consider how much production costs have fallen. Looking at the current sp it seems that we are looking for direction from the US market. Following link is current analysts thoughts on short term oil prices. https://www.marketwatch.com/story/oil-prices-rise-on-heightened-middle-east-tensions-2018-04-11

What what. Newchurch. Are you turning bullish here. Despite your recent posts the sp has risen. :) BP on the DJI finished up about 2.7%. Bodes well for tomorrow but imo normal rules don't apply at the mo, No denying a very strong performance from BP this month. Long may it continue.

Panda, have to agree. Bought at 143 with anticipation of a further tranche but have held back with world tensions. I suppose investors decision whether to buy will be exposure to world politics in other holdings. Some positive chatter on advfn bb which may attract interest.

Dow up, PoO up. Seems like all market rules are not playing out as expected. 2 North Sea developments coming online in 2020 https://uk.webfg.com/news/news-and-announcements/bp-commits-to-two-new-north-sea-developments-worth-420m--3233890.html More stories about BP diversifying away from oil https://www.marketwatch.com/story/bp-unit-agrees-to-buy-and-install-tesla-battery-for-us-wind-farm-2018-04-10 Analysts still bullish on BP's market strategy https://seekingalpha.com/article/4162089-bp-strategic-advantage-oil-gas-companies Lets see how the market and the sp react tomorrow on the latest Syrian Crisis. As predictable as flipping a coin.

:) wish you all the best. Hope you managed to sell some of those IMM shares you had in that bottom drawer. 70% sold in the 180s. You must have balls of steal day trading in these markets.

Babs holding shares for a few days. :)

No denying that the events over the last few weeks has made trading decisions difficult. We seem to have 'world leaders' who like to react to situations rather than resolve them. Not sure how the sp will react to this latest Syrian crisis. May even push up the PoO offsetting any Russian exposure. That said, my thoughts are with those affected by the bombings and the abhorrent use of chemical weapons.

https://www.rigzone.com/news/wire/bp_sees_510_of_global_earnings_from_india-05-apr-2018-154126-article/

Newchurch, there is no doubt that we live in a more volatile era in respect of politics and trade but there always seems like there is something on the horizon likely to hit earnings and valuation. The deep water incident of 2010 or the recent low oil price. Your concern in relation to the markets probably reflects every investor's thoughts. There are other FTSE companies that look more overvalued than BP who are currently trading on a P/E of about 14. The company is clearly moving away from being 'overweight' in oil and having a balance on all the energy sectors. In the short term the demand for oil this year is expected to be above supply so earnings should be pretty good. Experienced investors should have a contingency for any market correction and those shrewd enough will take advantage.

Carl-Henric Svanberg, BP�s chairman, said: �2017 was a year which saw delivery and growth across all our businesses. This was an impressive performance from Bob Dudley and his great team, now fully into their stride.� https://www.theguardian.com/business/2018/mar/29/bp-chief-bob-dudley-pay-jumps-by-almost-13-percent-shareholder-oil-2017 Seems to have gone down well with the 'city'. Pay rise could have been 17.6m dollars but Remuneration Committee trimmed it back by 4m dollars. Still well below the 20m pay rise revolt in 2016. Rising PoO should see increased revenue.

DTN No worries. I suspect you would have to sell your entire holding before you would pay the CGT not accounting for any shares wrapped in an ISA. I'm in a similar position so ave to explore all avenues. Goes without saying that the information I have been given needs triple checking but does need clarifying so all pi's know the alternatives.

I have been informed that HMRC do not collect the divi tax on SCRIP shares. However, if you sell them they can incur CGT. Not sure how they would 'Police' that so I guess you have to make sure you can evidence transactions. (CGT of course having a higher � threshold than the 2k)

Got my answer now. Cheers

Any accountants out there know if tax is payable on the issuing of additional shares over the �2k threshold. Thanks in anticipation

Courtesy of frog iii https://seekingalpha.com/article/4158080-bp-one-best-energy-stocks-buy

Sorry SUF wasn't comparing the companies, just the danger of investing for the yield. I'm not invested myself but read the bb from time to time. I do think the JC cloud and general sentiment has affected the sp despite the fundamentals. That will change of course. Wish you all the best with your investment. Keep the faith.

JD, I would second that. I would also add that not all high yielding companies is an indication that the sp is underpinned. I held HMV many years ago. It was yielding 11% for me. Last time I was in their store I was asked to pay 10p for a bag. I would have gladly exchanged my share certificate instead. I see the sp much higher in time but to invest on the hope of the dividend payment can be dodgy if the fundamentals and sentiment indicate weakness.

JTD. Thank you for your thoughts. Not fully researched here (can anyone be on AIM) but is RH selling at a loss? The guy is obviously very wealthy and people in that position don't normally lose. I also don't believe he can go spuds deep and leave himself that exposed that he can become a distressed seller. The sp and fundamentals or even potential don't add up. We will have to settle for the crumbs