Does anyone on here have any thoughts about what the FY2020 Results will look like? 2018 and 2019 both saw small losses, 2c per share in each case. I suspect we will be looking at a small loss again but I see that Cenkos are estimating a loss per share of just 0.1p (pretty much breaking even). I would certainly be surprised to see a loss greater than the traditional 2c per share - a loss of anything from 0-2c is my best guess. Any other views?
in4cedros
So you are not prepared to say whether you are now or have ever been a shareholder in BPC (or even whether you ever held shares in CERP)?
Really?
Starchild
“I post in good faith and give opinion based on company presentations and professional analysts’ opinions.”
Exactly. Company presentations and paid analysts specialise in telling investors and potential investors what they want to hear. Stop taking everything at face value and try looking at BPC more objectively.
in4cedros
Why are you still refusing to say whether you had shares in CERP at the time of Saffron and whether you have shares in BPC now? You don’t have to be a shareholder to post about a company, not in my book anyway, but posters are usually happy to say one way or the other.
in4cedros
Why are you still refusing to say whether you had shares in CERP at the time of Saffron and whether you have shares in BPC now? You don’t have to be a shareholder to post about a company, not in my book anyway, but posters are usually happy to say one way or the other.
willec
Only looking in occasionally, was not intending to post again until the dust properly settles. Then I saw your post earlier today:
“Perservance 1 was a blind punt anyway...”
How do you square that away with your posts about Perservance 1 late last year? For example:
“P1 is bigger than you think and people will want part of it. I saw somone predict £1 on another site on oil discovery.”
“You can see the penny dropping this morning due to being very confident of oil. Just unsure why share price is so low.”
“I read somewhere yesterday oil has already been identified seeping from the well, So looking very good hoping for a very big discovery in January.”
You certainly weren’t coming across as someone who thought Perservance 1 was a blind punt.
RickEngland
Genuinely not seeing why it should take that long - once the increasing FUA trend is noticeably stronger than the increasing losses trend it will be game on - no need to start from a significantly lower share price. Took my 9% profit at 180p today as I have always had other plans for this money, but keeping PBEE on my watchlist and will likely be back - I would be surprised to get the opportunity to pay less than 165p.
Rick
“fashion coolness hype and hope”
The hope to secure a significant share of a huge market we can all see just sitting there. Seems reasonable - I wouldn’t bet on the market resorting to more traditional valuation metrics anytime soon. There are many far more generously valued and far less credible propositions for it to fall out of love with first!
Dinkydan
This is a useful article on that topic:
https://www.investorschronicle.co.uk/2013/10/02/your-money/pensions-and-sipps/retirement-income/the-dusty-old-document-that-could-double-your-pension-8plmXnd33DBoUirpciiqFM/article.html
Bunky1981
The good thing is that the warnings/alerts are not just stuck away in the FAQs - my recollection is that they are an integral part of the online form filling that initiates the transfer process. PensionBee seem to do all they reasonably can to save us from ourselves without putting themselves on the hook.
But execution only in the world of pensions is a risk absolutely worth highlighting - folk will inevitably make mistakes with e.g. older policies and then seek to blame PBEE, or make fund selection mistakes around e.g. life-styling and then seek to blame PBEE. Your instinct to kick the tyres is a good one - don’t ever stop! Permabulls add no value.
I’m less concerned about charges as I suspect that most folk will be be doing much the same or even better on that front once they transfer.
The growth opportunity is clearly to get more and more folk to think about their pensions, do sensible consolidation and then, once they are comfortable with the platform, make further contributions. I am excited that the self-employed can now set up a scheme with PBEE from scratch without consolidating - how long before the employed will be able to do this too? That will be a major inflection point...
Bunky1981
“There are many potential benefits that you can lose with an execution only transfer and you would never even know you lost them.”
Having gone through the process that wasn’t my experience. My pension, my ultimate responsibility, certainly, but fair warning was given - much along the lines of FAQ 3 here:
https://www.pensionbee.com/faq
One of the reasons it would be interesting to hear from other customers was that my recollection was that you had a PDQ option which saw you doing your own DD, which I took, and a slower option which involved them doing the DD. None of my pots were DB though - that is a whole different kettle of worms.
Sorry, too many acronyms there, starting to sound like LoD...