Member Info for philpot1001

You think it's primarily U.S storage space issue then? Guess that explains why Brent has held up... so far

Now in 2 dollar range... It's almost flipping free! Strange Brent hasn't imploded as well?

Currently in the high 3 dollar range!!! Staggering

Good luck Fenlli I assure you your sentiment is echoed around most other holders. On the positive the SP seems to have become almost detached from production performance and more linearly related to CPO in my view. As such if Covid ever ends it "should" spike up quite a bit.

In theory lol

Guitry is frustrating but my understanding is efforts have been redirected to non CPO ventures instead to mitigate the cyclic nature of CPO.

I wasn't expecting the jump up! very nice surprise in the backdrop of Armageddon on the markets. Not been keeping an eye on CPO prices, so ill check them out later

Maybe, however I think it's generally accepted Coronavirus will be a transient effect, current best estimate is a few months... but let's say 6 months... then it's back to normal. I'll keep topping up at these levels , should be safe - unless a global recession is triggered .

I'll be honest I thought banks would get trousered today from the interest rate cut!

Personally I'm already in sitting on a small ish loss .... but I'm waiting for a while before topping up. Who knows where this is going medium term. But like you I (hopefully) have time on my hands

Well it's pretty clear markets are pricing in a global recession. It's either incredible foresight, or over reaction drama queen. Sell your holdings / buy up bargains according to your opinions I guess!

at the minute any shares are too toxic to press the buy button IMO.

Current best estimate in the press for RBS divi is anywhere between 10p and 14p.....however if the economy implodes due to coronavirus (as the markets appear to be pricing in at the minute) who knows what will happen to the divi.

You would have to assume at present that the market is over reacting as usual...but who knows

Not wishing to criticise anyone here, but there are a constant stream of people on the boards "who are in the know" very few of them ever turn out to be right.

At the minute we've got resistance at 170p, will it hold? Not sure. If it does get to 150p IMO it'll be a bargain.... I think it's a bargain at 170p, but what do I know lol. One things for sure, coronavirus incidents are the market driver here at the minute.

Lol yeah but a somewhat misleading statemwnt with an RBS MCAP of 23 billion versus 330 Million

Yep. Was tempted to top up sub 200p, but I'm personally going to hold off to see if this gets any worse.

Jeez, taken a tonking this morning!

According to the press expect a small sell off, I'm still hoping RBS get to buy back despite the reasonable contrary comments on this board. Time will tell.

I'm in with both, but TBH I don't understand the reaction to LLOY when RBS got spanked despite a rise in profits. I know it's about forward estimating, but the forward issues seem similar to both for me? Anyway, I'll happily add a other tranche here if it goes sub 200p. Looks like my LLOY holding is going OK though at the minute

Could also be a reason for the drop in divi if they are hoping to do a share buy back from HMG? Or is that wishful thinking .....

Saw Times article declaring HMG intentions to sell off some of its stake even at these low prices.... guess depends who buys the shares as to impact here.... ii's would cause price depression IMO, however if RBS buy them then cancel them should be beneficial?

Thoughts anyone?

Thoight 8p ordinary dividend had been confirmed for 2019-2020 FY? Looks as though the broker expected 13.9p 2020-2021 is a little shaky, but even if it's say 10p, that's still near 5% divi at these prices, hardly a big ssue for me. I'm long term here and bought more the other day, so avg now is 220p. Any drops below 200p and I'll add more. As soon as interest rates rise this becomes an instant bargain IMO and I can wait while reinvesting my dividends in the meantime

Also production rate seems to be dropping

https://www.theedgemarkets.com/article/malaysias-palm-oil-inventory-falls-lowest-over-two-years-—-data