Member Info for sharefall

What has happened in the last 12 months - to justify share price? Aside from the elephant in the room which is the pandemic, what has changed? We will not be switching from oil to renewables anytime soon. Once the pandemic is over, and we are well and truly on our way, why would SP not go back to pre-pandemic levels. Even more so as shale producers have to a large degree been taken out. Add to this disinvestment from oil exploration by the oil majors - there will be a supply crunch before there is a shift to renewables. This crunch could last a long time and in this time, oil price could possibly be double where we are today, let alone a few months ago. Then where will SP be? Tuck these away in an ISA and wait IMO is the strategy that will pay off. Well this is my view only and I am not a professional investor, just a PI, so please DYOR etc.

My view is it's the wrong time to sell. Cycle has turned for oil and related companies and I'm betting on upwards movt. I've added not sold. ATB and DYOR

Bimmer, I was wondering what you decided. All that fretting when the SP was around 12 seems irrelevant now. Glad you're in. Lets enjoy the ride up. This and BP will recover much faster than most seem to think IMO. Big funds are probably re entering having sold at the start at the pandemic. This hasn't risen quickly because PI's are investing big suddenly. ATB

Are only relevant to the traders. I'm sitting tight as my buy and hold strategy is doing plenty well without any stress! ATB and have a good weekend all.

Chris, of course 2020 has been a bad year for revenue....it has for 90% of firms and esp if related in anyway to travel.
This share has Benn knocked again and again and once again by the SFO investigation without any charges yet against the company. In the end it will probably be a reprimand and fine for oversight and governance being less than perfect or similar.
Compared to peers who are also similar in terms of pandemic constriction in activity and hence revenue, pfc is way undervalued.
So 2020 results not being great is already priced in. What is to come with recovery is being overshadowed by the sfo. It will come to and end at some point and a massive re rate will be due then.

Market likes clarity and since RDH has come in, there has been clear messages to calm market fears. The refinance news and cruising dates are clear and measured announcements. On the face of it the delay is bad news but the clarity of thought and consistency shown has reassured and markets have reacted accordingly. 6 months ago, the SP will have tanked on this news. RDH, is an astute businessman and I'm so glad to have him back in charge. My money is safe as long as he is here. IMO

15 quid about to be reached. That's more like it. Well done holders. My target is 22 to 24 and I'm staying put even if this takes 2 years. Dividend in the meantime is plenty more than I'd get investing elsewhere anyway so not an issue to wait. ATB

Agree Paddy. This will get an almighty re-rate at some point. Only a matter of time. IMO.
Best share to stick in an isa and wait until the inevitable happens. In 12 to 24 months, we will all be wondering why we did not fill our boots. Fear of Falling Further (FoFF) is why, but when I think back to shell at 960 and BP at 188. I do rather wish I'd filled my boots more.
But folks, only invest what you can afford to lose and if you expect a multi-bag, pop it into an isa envelope or Mr Tax man will want a slice of it too. ATB

Theaky, Agree. I'd live for Bob to return. Loony really does need to be put in the bin.

I am amazed BP is struggling to cross 310. Should be over 330-340 considering POO and recovery prospects. Then a slow march up to 450 as recovery firms up and flight numbers increase. Probably just need to be patient. All good so far and OPEC seem to be behaving themselves for a change! ATB

Slow, it's awful the vindictive portrayal by DT. I am a subscriber and do read these with disbelief at the nasty streak in some of this coverage by the press.

I have to say this rise has exceeded even my optimistic expectations. I'm here until at least £2 so long time yet before I consider even a small reduction in my holding. Still hoping Disney will swoop in with an offer. Now wouldn't that be lovely.

Only just turned 50.

Hi Doofus,
I have only just 50 and have never gone cruising. Was referring to TV adverts for different travel and cruising companies when I was watching the rest match etc. I think it will be very hard to keep a lid on demand for travel once rates drop to such low levels where restrictions on our civil liberties will not be tolerated.
EU is another matter entirely of course. The German people will also wish to travel south for some sunshine and warm seas. Can't see the German government risking a revolution close to an election. ATB

Massive increase in holiday advertising recently particularly cruising. The signals from gov't must be positive for firms to be spending on adverts. All looking good for late spring/early summer resumption of operations for Saga.
SP stayed resilient in a bad day for markets. I'm pretty confident much better times are due in a few months. ATB

Same, I am also just under double in profit - and staying right here for at least 500-600. No point in selling too early when real gains are yet to come. Once news of cruising is confirmed, the rise will be robust IMO. ATB.

Just fantastic. Long time coming. So many months agonising about the share price and if I made the right call sticking with cine. There you have it!
Now, let's get to 150....

Modestus, Agree. It is frustrating when the market is upwards in the sector and this is lethargic. But, the catch up will be quick I imagine, when it turns. I'm content to wait.

But patiently holding is what makes the big return. Why endure months of nervous watching only to bail with a little profit. The stress is almost not worth it. Hold and in the meantime shares like BP are still paying decent dividends. I'm staying put. 500 before i consider selling a part, but even then, unless there is a better alternative, i may just hold for dividends. ATB

RDH tok a massive risk so deserves his rewards - as do those who held down to 8p (in old money). I knew the day would come when i regretted not buying more then, but happy enough with what i did. ATB and there is plenty more upside so I am staying put.