Member Info for meoryou

I did have a diverse set of shares .
But was lucky enough that Boots, Scottish & Newcastle,ICI , Scottish Power were
all taken over and I did not want to go with new owners.( didn’t have huge amounts in any, just enough to be happy)
BP I know as ex employee and share owner through employee share scheme.
Now have highest number of BP shares I have ever had( but not near highest value)
Tried to be safe ish and bough Unilever was doing ok till big drop.
Bought B&Q , saw what was happening during lockdown.Sold close to top but on way back down. Bought back in when yield back over 4%.
BT and Vodafone for telecoms
Bought National Grid about £9-£10 was happy 2 weeks ago at £12, now not as just above £10.
Keep going in and out of Lloyds and Tesco.
Tried Diego and made profit but not very good yield.
Often leave a share with couple of £100 profit as not comfortable.
In the end despite everything I feel most comfortable in BP because I have seen most of these problems before including a boss with habit of saying wrong thing
Tony Hayward,and both high and low oil prices.

Enso
That would be a very good start in getting the world back to a better more normal path.
Hopefully this time the Russians actually want it bad enough to compromise as it takes 2 to get a result.
Any benefits to others are a bonus and not important yet.

Spights
A diverse portfolio is not always as good as it’s always suggested.
It just gives you more places to find trouble.
3 stocks are more than enough if they are the right 3 stocks.
I currently have 6 stocks but keep increasing, then cutting back to the usual suspects.
I find any more than 6 and something gets missed.
Or the market does something like today.
With a smaller number you can divert divs to whichever you feel happier with.
I also agree there are a lot of very nice and knowledgeable people on here
I now diversified is meant to be best and give you an up to balance a down

Tinker I was only talking really about the div increase promised funded by reduced share count.
This should be between 4% and 10% ( higher one is effect of week pound).
This is meant to happen to 2025.
If sp still low they may take advantage to be a little more generous.
No expecting huge jump in div , just a wee carrot .

It’s only 8 days ago Ave price was £4.5285
Now we are buying 10,000,000 shares for more than 10% less.
I know that won’t make anyone feel any better , but it’s the only silver lining I can find.
It’s been brutal and if Bp up div at next results who’s to say it won’t go back up?

BP p.l.c. (the "Company") announces that on 17 June 2022 it has purchased, in accordance with the authority granted by shareholders at the 2021 Annual General Meeting of the Company, a total of 10,000,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 3 May 2022 (the "Programme") and as detailed below:
Highest price paid per Share (pence): 404.8500
Lowest price paid per Share (pence): 383.5000
Volume weighted average price paid per Share (pence): 395.5107

If you look at Barclays guidance it’s aways way above actual sp.
My view would be that they are always very high .
I think maybe about £2 above realistic.
We joke on here about a broker upgrade which then turns out to be Barclays, as don’t think many on here would buy on a Barclays recommendation on BP

Which should be positive for BP as we earn in dollars.

Looking at graph of sp this year there seems to be a pattern of a fall about 3 weeks before results you can see it late Jan before Feb results
Late April before May results.
Think maybe this one just arrive about 3 or 4 weeks early.
Last 2 times results soon put us on upward path again.
Just trying to make sense of this non sense.
It’s only a theory but it will do till someone starts a better one

Jwd
Don’t you think if there is a recession and BP Shell etc had spare capacity that Europe won’t just back out the equivalent amount from Russia and take it from them.
I see Russia taking a lot of the punishment softening the effect on BP.
I don’t think it will be a normal recession for oil.

Almost everyone on here either has been on holiday this years or will probably go on one ( I’m sure there will be exceptions).
It’s the same on other boards here.
I’m sure if things get tight next year we will just use div to still pay for holidays.
Think due to covid there is a desire to get holidays in ,as we are sort of owed to ourself the ones we missed.
Think this applies to most of Europe and maybe America.
So what I am saying is demand may be stronger than in a normal recession.

Shaperite
You are correct the market is not always correct.
I remember a story from the 90s( can’t recall the share).
But someone was buying it up.
Every time they bought they proved how clever they had been as sp went up.
So they bought some more .
Low and behold the sp went up again.
So they bought some more. Etc
Only trouble was they had not properly done there homework.
Over 75% of the shares were held in a family trust , so all they were really doing was spending millions buying up most of the free float.
As you would guess it ended in tears.

Reinvested div early to take advantage of today( well hopefully).
Bought at £3.99 and I have managed to be in profit now for more than 30 minutes.
In this crazy world that counts as a success

The builders our way are booked to end of year and his electrician,plumber plasterer etc are running round chasing their tails.
It might just be the last bit of denying before thing change.

I bought about 4000 of the wife’s BP shares last month at £4.18 cos I knew they would go up.
I was right
But she has the last laugh now.
Any time they are under £4 I start to think might buy some more.
At this rate I will be last man standing at end of buybacks

Jeffrey your too late I already mortgaged YOUR house last week and put it all on BP
I’m sorry I lost it all.
I can lend you a tent. ( joke by the way)

BP p.l.c. (the "Company") announces that on 16 June 2022 it has purchased, in accordance with the authority granted by shareholders at the 2021 Annual General Meeting of the Company, a total of 9,500,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 3 May 2022 (the "Programme") and as detailed below:
Highest price paid per Share (pence): 423.6000
Lowest price paid per Share (pence): 401.9500
Volume weighted average price paid per Share (pence): 409.9475

Very true Baz
The market can often be very irrational, but you can kind of see what’s what.
Just now it’s harder to understand
Just now it feels like an episode of Dads Army
You have Fraser saying We’re All Doooomed
You got Jones running around saving don’t panic.
But 2 years from now it will be all history and the panic will be about something else.
I really expected the usual rise up to div day.
Now I’m back wondering if I will reinvest div after all.

LONDON, June 15 (Reuters) - BP (BP.L) is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels.

The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head of RWE Renewables, has made since becoming BP's head of natural gas and renewables in March.

BP p.l.c. (the "Company") announces that on 15 June 2022 it has purchased, in accordance with the authority granted by shareholders at the 2021 Annual General Meeting of the Company, a total of 8,750,000 of its ordinary shares of $0.25 each ("Shares") on the London Stock Exchange and Cboe (UK) as part of the buyback programme announced on 3 May 2022 (the "Programme") and as detailed below:
Highest price paid per Share (pence). 433.4000
Lowest price paid per Share (pence): 422.8000
Volume weighted average price paid per Share (pence): 430.1546