When NEX dipped in March time, there was no furlough or any support in place & there was uncertainty about it's financial stability. There is none of that now. Furlough in place; equity placing done. Business is very secure. People looking to spend their 70p need to be looking elsewhere
but they won't dip as much as is being suggested. Airlines, hospitality should dip big. Mind you i think people are forgetting the extension of furlough could make lockdown a lifeline for some companies. It's a better situation for some struggling businesses IMO!
there's always a chance leas. this is all a game of chance. Looney did however stress the importance of a 'resilient' dividend, which suggests it's there to stay at least at those levels!
70s, this will never go near that again. I'll be very surprised if this goes below 120. 130 lowest for tomorrow is my guess but even that will surprise me!
Orms, yes, i think some people are expecting a March style bumper sell off. I don't think it'll be anything like that. A dip for sure but i think market has been gearing up for it over the last few trading sessions anyway. we'll see!
talk of 150p BP is really crazy. So £15k investment gives you £1600 a year income indefinitely. I'd love to see it as it'd be the investment deal of the year that's for certain!
nerves of steel in other stocks for sure. Not BP , it is A rated by all the major rating agencies. With the upside & income on offer from this stock the risk/reward ratio is negligible. I'll be buying more this week for sure. Get in before ex div date to get nice pay cheque for Xmas. & yes i know it dips by 4p on that date!
for any down to earth investor who wants a solid income investment BP has to be one of the top picks & the current time is ideal to get in when they're at rock bottom prices. Wait for prices to maybe go lower if you wish & good luck, however you may miss the boat. A £10k investment here now gives an £800 per year income regardless of where the SP goes to. That's good enough in my eyes at least!
is a bizarre suggestion as it implies the SP will never again rise above 204. Investors will buy at the price they see as value. That was £5+ earlier in the year & no doubt will be again in the future. Buy at the lowest is Paddy's humble advice!
UK coach is really a small part of the UK business Moonman. My understanding was that this is a loss making side during Covid lockdown but operating around breakeven when lockdown relaxed. Doesn't really account for too much revenue. I doubt whether the top brass @NEX are overly concerned about competitive threat in that arena during these times. Probably view those companies as acquisitive future targets!
Triumph, problem is things are going belly up in US, Spain etc as well. It's main revenue sources. Mind i think this will hold up reasonably, 10% dip perhaps!