Member Info for Robina

Think I'm right in saying Buffet didn't buy the likes of AAPL and AMZN but regrets it now.
However, the destiny of BP is unknowable right now.
The divvy ain't great and I fear could be cut further. (Since I have a very large holding that's a dead cert then.)

Jump back to 35p. MMs obviously messing around in this 32-35 range. All a matter of whether a recovery is on the cards. Maybe not for a year or two as we seem to be in for travel restrictions till the developed world at least is mostly vaccinated. That'll be 2023.

It certainly seems a good income share at around 7%. Will it stay that way?
I was going to add more a day or so back but stupidly held off.
One would think the sp will rise over time. This will reduce the div % going forward, but the shares one already has at today's sp still yield 7% i.e. 4x48p/1480.

I think there's been quite a lot of off-book trading and twice as many sells as buys.
PIs just get shaken around by all this.

All I can see is a reduction in shorts. No other signals.
I think MMs do stuff like jump the price to tease people into thinking there's something about to happen. Then, of course, it drops. Funny that.

Some on this board exhibit massive desperation. Oh - look, a rescue vehicle is coming. No - it's just a falling leaf.
Nothing's afoot.
MMs must love this share. Think of how much they make from the day traders. Without that it's worthless.

The is because I failed to top up earlier. Thought it might go under 250. Wrong as usual. Will watch this afternoon when NYSE is open.

Maccc: He comes over as a sensible person.

I topped up at £13 and it's holding/levelling off (I hope).

Bp seems to have a high div rate than Shell at present based on the sp.
I feel BP will undershoot 250 but not by very much, so my approach is to but a small amount and then more if it falls further.
Can't decide between BP and shell though since the latter is probably safer.
I also feel a rise of around 30% is possible by late summer for oil majors.
If it wasn't for that, the global trusts and funds are better or at least have proved better. The concern is whether these are overvalued. Therefore I'm tending to think hoping for an oil recovery may pay more.

I also had thought 110 was a resistance level to break and today we are just over it!

I was going to top up earlier in the week but am inclined to wait to below 1400. If it doesn't go that low then I've set a floor.
Would expect a rise towards ex-div or div payment so that reinvestors pay more for their shares.
I don't think the buy/sell stats can be relied on when the spread is only 0.5p.

Hoping we can at least break the 110p ceiling.
Difficult to see where growth can come from though.

Steadily down over the last 4 years.
Naively I thought it might recover a little due to recent levelling off but whenever I think this I'm proved wrong.
Can only hope dividend is maintained but when the nominal rate is high it seems to result in a cut.
I could of course just bailout with a 50% loss. If I was to follow NT's advice I'd do that. I can then invest in something else which will cause a change in fortune in that and a surprise recovery in IMB. That always works as well. Not that i'm a cynic or anything.

Around 4 years ago the sp was nearly £4 whence the dividend was good at 5% or so. Woodford held it.
We've since had all the anti smoking stuff and massive taxes. Who knows if it'll recover any of the lost ground.
My fear is the high rate based purely on the sp gives an 'excuse' to cut the divi. The sp will then decline further. Unless that is I sell up. So it's all down to me. Basically UK shares are a rubbish investment unless you are a lucky swing trader.

I held off topping up simply looking at the chart. We had a rise from Nov tracking the oil price but negative sentiment has kicked in again. With debt so high and the need to appease the green lobby I guess dividends might be under attack again.

I've added too. Trying to gauge if it's turning back up if so will add another chunk.
With the current dividends, the sp is covered in 7 years.

Any guesses as to the timescale ?

So how long will the estimated reserves last at c.12k bbl/day? 2-3 years? Then what?
Also how much of the sales revenue is owed? Too lazy/dim to try and work it out.

I'm calculating on it just undershooting 60p before topping up. Hopefully back to 70p in the Spring.

Not much talk here. Anyway, seems shorts are increasing helping driving the sp down?
Should rise in the summer as we run up to next dividend which is not to be sniffed at.