The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Just checked and BP has bought back over 3bn shares and for how much that saves them they don’t bring the dividend back up to something sensible as they are sitting at a price they were at before any Covid troubles
It still opened today at £14.54 so if you traded it you could of bought in at the end of the day for 50p a share less. I now think the share will drop more tomorrow based on todays trading. The good thing with the rescent rise though gives you confidence to know this will be much higher at the end of the year.
Ahh capital gains loss for to help sell, yeah I have a big one this year but I need it to offset selling all my BP shares at £5.40 as capital gains for this year is only £6k
I’m hoping to sell at a loss but that’s never going to happen, I deliberately haven’t traded shares in my trade account as I knew I would be in this situation and my average in my trade account is £14.54. I also still have 4000 shares in there so it’s going to take a few years to get all that out and into my other accounts without paying tax.
I hope it does take a while as I want to put £20k into my isa and £10k into my pension from my trade account in April and all these rises are screwing that up as it’s £3k max for capital gains tax after the 6th April.
VOD get, Surely it’s less strain on the other parts of the company as they don’t have to make up half a billion in loses. Won’t the dividend be covered by not having the big loses as these companies. How ever much they add to total income they are just a negative on. adding anything so profit.
People were predicting a 20-25% drop in price last year and they actually rose so if they are predicting a 4% drop how much will they rise by this time. If the interest rate is dropped to something sensible thiis year sales will fly in.