Member Info for MikeM14

Oiled-up and MarkGo,
I hope you're not implying that "UPSIDE and BP" constitute an oxymoron...
Mike.

AndAnotherThing,
What you maybe overlook is that your "solution" is a one-shot device - use it once, and it's gone. Whereas everything else being equal (which of course is never the case...) using the £2bn to reduce share-count by 4bn is a gift that keeps on giving "in perpetuity" - you can keep paying the extra dividend every year. I appreciate that it would on your figures take some 35 years to break even, but don't forget that it would also apply to the interim dividends.
Mike.

Yes, unfortunately COVID cases in the UK appear to have been rising in the UK for the last 2 weeks or so, and now seem to be rising quite rapidly according to the COVID Dashboard.
https://coronavirus.data.gov.uk/
Also, I monitor the situation in Germany on their own Dashboard (RKI) because my sister lives there, and they appear to be at an all-time high.
Although there's not much about this on the news here any more because of "other matters", none of this is going to be helping market sentiment.
Sorry if anyone thinks this is not relevant on a BP-specific board.
Mike.

fleccy,
"does this signal the end of Putin?"
Possibly, but it could take months or years. Look how long it took for Col Gadaffi's citizens to catch up with him and give him a bloody end, and that was *despite* his infrastructure being destroyed by third parties (ie the coalition). Similarly with Saddam Hussain in Iraq.
Mike.

Theaky,
There are RNS announcements stating exactly how many shares have been bought back, issued on a regular basis.
https://www.lse.co.uk/rns/BP./
As well as stating how many have been bought back, each announcement states what the company (BP in this case) is going to do with the shares they've bought back. Some companies cancel them (ie they don't exist any more), and some hold them in "Treasury" meaning that they could re-issue them at a later date. In the case of the BP announcements at the moment, they say that the bought-back shares will be cancelled.
Also they issue a regular announcement - probably once a month - stating how many shares in total are in issue.
I will leave conspiracy theories or speculation about manipulation to others.
Hope that helps,
Mike.

Theaky,
There are RNS announcements stating exactly how many shares have been bought back, issued on a regular basis.
https://www.lse.co.uk/rns/BP./
As well as stating how many have been bought back, each announcement states what the company (BP in this case) is going to do with the shares they've bought back. Some companies cancel them (ie they don't exist any more), and some hold them in "Treasury" meaning that they could re-issue them at a later date. In the case of the BP announcements at the moment, they say that the bought-back shares will be cancelled.
Also they issue a regular announcement - probably once a month - stating how many shares in total are in issue.
I will leave conspiracy theories or speculation about manipulation to others.
Hope that helps,
Mike.

Well said dicklaw68 and thanks - if I may say so, you're one of the more sensible posters on here.
I say that from the position of someone who has had the financial pain as a BP shareholder through GOM (Deepwater Horizon), the COVID pandemic, and now the terrible situation with Ukraine, but also as someone who also tries to appreciate (if not fully understand) the wider difficult and too often tragic circumstances in which the market operates.
Mike.

Follow,
"Anybody know why this share has fallen so dramatically compared to others?"
Which others are you referring to? The whole market (with very few exceptions) has plummeted today. Look at SKG for a comparator - down 7.4% as I write, whereas SMDS "only" down some 5%.
Energy prices, interest rates, inflation, supply-chain difficulties, sanctions, cost-of-living increases for consumers, to name just a few - where do I stop?
Mike.

Emerald,
"Only today, tomorrow and Friday left to get in for the special dividend."
Sorry to have to say it, but I think you are incorrect. It goes ex-dividend tomorrow (Thursday). You'd have had to have bought by close of play today (Wednesday) to get the Special Dividend.
Happy, of course, to be corrected.
Mike.

Gazzleberry, it looks like you need to be a subscriber to read the article. Presumably the gist of it is the council fouled up?
Mike.

Gazzleberry, it looks like you need to be a subscriber to read the article. Presumably the gist of it is the council fouled up?
Mike.

Hi Rovernut,
Okay, I'll have to take your word for it regarding the exact price at which you bought, and as you can see there has now been lengthy discussion here about the effects of consolidations etc since the "good old days". The simple point is that you bought at a very much higher price than the price today, and you're now sadly very much "under water". My sympathies about that. My current holding is also still significantly below the average acquisition cost, but to nothing like the same extent as yours.
All the best,
Mike.

fleccy,
I think that that's a very good point you make. Producing a chart now, retrospectively applies consolidations (or splits) that didn't exist at the time. Therefore one needs to be very careful that one is comparing like with like.
My 2nd holding of Vodafone (there had been an earlier one from about 2002 which I had sold out of) started with a purchase in Feb 2006 at a price of about 124p. Then in Jul/Aug 2006 there was a 7-for-8 consolidation combined with a cash return via "B" shares. Having then built up that holding over the years, I sold out completely in Sep 2013, near the peak share price because of the Verizon sale, in 2 tranches - one was at 214p and one was at 205p (leaving off the decimals) - this info is from my contract notes. I was out of Vodafone for about 5 years so didn't take part in whatever happened next. I see now from the contract notes that the shares I sold were USD0.11428571.
In Sep 2018 I started a complete new holding of Vodafone (which I still have) buying a first tranche at 164p (leaving off the decimals). The shares had been as high as about 220p just before that, and that can in fact be seen if one creates a 5-year chart on this (LSE) site. Unfortunately as we all know, the falling knife then continued to fall, but that's another story! I now see from my contract notes that the shares I bought in Sep 2018 were USD0.2095238. So the shares I bought in 2018 were of a very different "par value" to the ones I sold in 2013 - there must have been one or more very significant consolidations during the 5-year gap between Sep 2013 and Sep 2018. Not being a VOD shareholder at the time, I didn't watch the corporate developments too closely.
This probably goes to explain the much higher peaks that people are mentioning, than the ones I remember from the time.
Anyway, enough of history, "we are where we are now" and let's hope it continues to improve.
ATB, Mike.

Thanks danielh and Narcus for the facts. That was a bit before my time, in the midst of the "TMT" days and dotcom bubble. I started with Vodafone in late 2002.
Mind you, I certainly won't complain if we see those kinds of prices again!
ATB, Mike.

Rovernut,
Are you on the right share? When was it 280? I've been involved with Vodafone shares on and off for nearly 20 years, and I certainly don't remember it being anywhere near 280. I think the highest was just after it sold its part of Verizon, and that would only be in the low 200s.

Hi picklerick,
No. According to the 21 Jan 2022 RNS announcement, you retain your old certificate(s) and don't get a new one. See here:-
https://www.lse.co.uk/rns/RDSB/royal-dutch-shell-plc-changes-its-name-to-shell-plc-qpbtznagxfie6jb.html
Mike.

fleccy,
Sorry, re my last, I think I miss-read your post before commenting. To be clear, the taxable gain is the bit of the gain *above* the £12,300 (for the current tax year) allowance.
Mike.

fleccy,
"£12,300 to get the taxable gain"
Surely you mean "£12,300 to get the tax-free gain"?

Thanks lti.

Hmm, fascinating debate...
Walkersworld, I'd be a bit careful about using words such as "criminal".
There's a difference between how things are reported to the taxman (if indeed this is required), where things have to be done to one particular set of rules, and how one uses statistics to assess one's own investing performance. With the latter you are at liberty to use any method you like.
It's similar to how companies report their financial results, where there are "statutory measures" which have to be done and done in a particular way, and "Alternative performance measures", where companies can also choose to present figures in ways of their own choosing. As long as they state clearly which are which, is there a problem?
With my own share dealings which are outside my ISA, I follow the HMRC method (currently called the "Section 104" holdings) with my spreadsheets, simply because I only want to run one system, not 2 different systems in parallel. If people also want to run their own system, for whatever reason, where's the harm in that?
Mike.