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I noted many crystal ball out today :-)
Which is easy when you see the direction this is heading ON THE DAY..
I predicted this exact finish (or near enough) on 8th Feb when this was heading down and it was 400 (and people thinking might go down further)
I said:
we see 4.20 or near enough by THIS FRIDAY (today)
yet again I was spot on , if I may say that :-)
Anyway just enjoy it
This will head towards 500 sooner or later and more sooner than you think
450 by first week of March as I said it 4/5 weeks ago
GLA
IMHO
As we are fast approaching the result day in couple of weeks I thought to share my thought what might potentially we might get here...
On one side there is the prospect of positive news on business performance, with continued cost cutting (recent branch closure) and at the same time we are witnessing a sustained strength in the UK housing market i believe that will continue despite the couple of expected hike on interest rate. People still buy and sell houses and Lloyds will benefits with higher rates
I also see upside potential from an increased dividend which I expect to be in coming full year results it may not be back to pre-pandemic but we will see the divi rise almost for sure I can say. And I am sure you can translate what that means for share price just imagine a yield of 6% which will be attractive to many investors specially fund managers
The investor appetite also will grow and maintain driven by current low P/E ratio this is very attractive for many investors and the are looking at this number and potential growth in share price.
I see an acceleration towards 60p on the result days or within a week or two of the results day (with few healthy retrace) . May be even beyond 60p.
I truly believe as we approach results day this will just keep moving up and up. This is just purely my opinion but i will hold so tight to my share price for next coming months
My target is 75p now and we will achieve that very easy before August/sept this year if not sooner.
The economy improves so as Lloyds earning
We have seen nothing yet
Keep this post and revised it in a month or so
GLA
IMHO
DYOR
Coming weeks13 Nov '21
The improve relation will help the share price even more
I believe there is a strong upside from here and with combination of fantastic divi you seriously can't go wrong of you hold and be paitient
I am a long termer here and I never though I catch the bottom but add on the way up or down if you seriously believe in this that would be the best strategy
Constructions will pick up and I truly believe specially next year we should expect a double digist rise on general market if you are invested in the key areas and materials such as copper and Iron are one of those commodities
RIO with healthy balance sheet can offer a great upside and currently my avarage is around £46
I think the acceleration towards £65 will be fast and we get the fairly rapidly in coming months
Inflation always attract investors to miners and this is very well position
But always split your eggs to different baskets
You can't be in everything but investment on those stocks and companies that you understand very well.
I just need to see some proper reorganisations on top management here as the seminar delivery was truly very poor indeed even by CEO
I like to see some changes there
Not sure what was going on that day!!!
All the best
SR
IMHO
Zac
Thanks again for the very useful post and I agree with most of things you said. However I believe it is too early to conclude BP will stay at current level even at the back of best performance in the past 8 year.
I say the move upwards will be very sudden the reason for slower move is because there is still uncertainty on virus front as long as that is hanging about you will see the hesitations on upwards move which is of course linked to global economy performance etc ... there is no other reasons behind it and I seriously don't want to be out of this when that fast accelerations happen and I truly believe it will happen in the couple of months we will hit 500. Simply because all backed by numbers and analysts predictions so it will happen (analysts prediction 600 now)
So this is way under valued.
I still believe there is going to be a fast run towards 450 before first weeks of March (or sooner) so let's not yet conclude BP performance with trackers (just yet ) as I think there is a lot more steam behind this.
With regards to trackers I am with you on that one and agree they are good to consider.
Which are the trackers that interests you? and why ? if may ask. Any technology trackers you fancy adding and which one ?
always enjoy reading your posts full of wisdom and good advice.
Keep it up please
Many thanks
SR
IMHO
Bumble
Good point and well said
I never trusted funds despite their proven track records
I know many pensions funds are similar and many are good but the past performance is never a garantee for future performances and that is what most funds wants you to believe
It is worth considering if that takes up a small portions of your profile
There are exceptions of course but I be very vary of them for investment purposes
GLA
IMHO
Hi zac
I am fine thanks for asking and hope you are doing well too.
Thanks for taking time to reply
I agree with what you said specially on fundsmith
With longer term views 5 years + they should deliver good profits and hopefully above rate of inflation and market performance but I seriously don't like what I see specially on Baillie Gifford positive but then on the other hands I think about it as exceptional entry point. There many funds as you know but I was very keen on Baillie positive purely because of the timing for companies which are making a positive changes to environment and scoiesty
I am not sure what their fund managers recently doing because they seems to mess it up.!!! Not sure what you think, but fund smith i agree will come good no matter what.
A comments from one of Bailie Gifford managers are give below which is a nice way to put it actually
What matters is not one particular year’s performance but that the fundamentals of the companies we own remain sound and can offer significant future growth. We are optimistic and excited by the long-term opportunities abounding in a fast changing world.
Sorry everyone for off topic, I don't do it often but I thought might interest others
GL
IMHO
News and results are slowly getting digested by fund managers AND large investors and buys are coming in and will be more yet to come when US opens
This is looking solid and still undervalued.
Every single day oil price stay high or go higher meaning more profits for BP, simple as that
imagine if that persist even for 6-8 months at these level it will be yet another record year for BP and for share holders.
Divi increase will come Q2 IMHO
Hold on to you valuable shares
Just wondering where is Pastyc ?, I think he jumped off the cliff when he said BP is dropping off the cliff lol helerious that guy was and he was hoping to pick up low at 320!! lol
It was entertaining times with him and his ichy hands lol
GLA
IMHO
Ada
Thanks mate
All I am saying is why do you think any takeover will benefit SN.? I think the opposite
So pray that doesn't happen because the share price will tank and not go up.
In anycase I still can't see them to be prone to any takeover at all. !
Don't expect a great results in Feb but this is certainly very much undervalued and this is the time to be in not in 3 weeks or 3 months.
Stay put and ride the wave here and add at any big weaknesses that is my strategy here
GLA
IMHO
DYOR
Zac
Hi mate
Funsmith and Baillie Positive .. specially the latter one have taken a big hit recently and seems offering a good value for where they are now. But they are slow mover and profits are over next 5 years
I don't know what happen to bailie gifford positive change is it tanking like mad!! I was watching for a entry but so far resisted not to
Any views on those ?
Thanks
MarkGo
Good post mate
100% agreed
Iran is selling already in black market as you said and so the effect of them coming back to market is minimal but on the actual news it will have a little shock to the market oil goes down and will go back up again as soon they know demands actually extremely high and supply still remain short.
420 or near enough by this Friday
BP is very cheap and I am still expecting a 450 by first week of March or near enough.
GLA
IMHO
Y11
It will not happen
£10 is out of line and none of the argument you said justify it
What sort of inflation are you expecting and for how long?!
You explain it in 1 line or 1000 lines still wouldn't stick
But so far you have not really said anything how these links to your £10 target so please try longer paragraph if you can explain that to us better because so far makes absolute no sense to me !!
Thanks
SR
Y11
I have seen you and very few other posters mentioned this £10 dream target.
Have you just pull this off the air or there is some reasoning behind it?
Explain to me why? What sort of inflation are you expecting to be sustainable to push the price to 10? !!! For 3 years at 8% inflation? That will kill the economic activity everything will collapse!
So please forget this idea mate, it wouldn't happen and is totally unrealistic
The only way the share price could reach 10 is if oil price stay at $150 for at least 2 consecutive year, then it will hit 10
I can't see that happening so let stay real mate
Nice to dream big but don't lose touch with realities
All the best
GL
By Friday this will push towards 420 or even higher
This was a healthy drop and 400 holding so strongly specially after the results
Expect a retrace on price of oil as I mentioned earlier down to 82 possible which makes it stronger for the next push higher towards 100. Of course all of that will have impact here but institutional investors with long terms views will be investing here big time as these current prices because they know so well this is way under valued.
Excellent results today
GLA
Ada
I disagree totally with you
If it was a slightest chance if that it would have happen by now
And why exactly you think take over will benefit us here?
Complete opposite because the way the company structured if any take over happen they spit them in pieces and run them as separate company. Meaning the share price will tank massively
So not sure exactly why you think that happens or why that is good at all.
If you have such a strong feelings on takeover I suggest to sell up and move on because that will be a bad news here not a good news.
It will not happen but just saying think what you wish for ...
IMHO
DYOR
Once this penny drops properly ....you will see how fast this moves upwards. THE BEST PROFIT IN THE PAST 8 YEARS...
12 billion Is jigantic and just imagine if they achieve even a better profit this year (2022/2023) which they likely will with how oil price being sky high and potentially staying high.
Nothing goes up in stright line and any healthy pull back is actually good but can't see a big drop here as everyone now realising how undervalued this stock is and in the next couple of weeks institutional investors will be pouring on in big numbers that is where you see the acceleration towards 450 and then beyond March another fast move towards 500.
No divi increase this time but likely to come Q2 of this years, healthy cheerful profits which are invested wisely and buy back always adds VALUES to the share price. So overal excellent strategy going forward.
Don't get bug down too much into divi, it is good to have it but think about the security and stability of the company the potential growth and profits and also remember other places may not give the same safety net as here + divi will come Q2 most likely
So as a long termer at the moment I don't want to be out of this and may even add more on another opportunities.
Enjoy
GLA
IMHO
What a beautiful morning
Exactly as I predicted happening here and that was fast acceleration towards 6000
Beautiful and what a entry we all had
Hold on to your valuable shares
I also said will hold at 53 ish mark as a strong support and it did.
GLA
There will be no takeover here
Simply wouldn't happen
Ada
That will be resolved sooner than you think
Paitient as the rewards is massive
Those jumping ships will regret big times
I see this heading towards 1800 in a very fast move by June 2022
I still think 1400 might still achieve by first week of March as it is yet very much under valued and big punters like institutional investors will pile in soon.
There is no tree shaking on FTSE100 company there is no such a thing.!!!
GLA
IMHO
Thinker
Thanks fir sharing this honest post with us
Selling on a drop and hoping to catch the very bottom (sometimes due to panic and sometimes due to greed) we all done it (but perhaps long time ago)
I said to everyone here this will come back up quicker than you think and you don't want to be out of this while this moves up quickly and pushing above 400 (as exactly what happened here)
My posts are all there on 17th , 21st , 22nd of January
From here even with small retrace this will hit close to 450 by first week of March (as I said it would 3/4 weeks ago)
You seriously don't want to be out of this when that happens, even if you are a short timer
My target is at least 600 before I even reconsider my position here and we will achieve that sooner than you think
At most by September but I starting to think it might come sooner
Also note if iran deals with US happen it will affect both the price of oil and the share price here, so expect a drop but wouldn't last long because the shortage is huge and demands increasing all the times. So take that in to consideration specially if you need your money in very short term
The results are going to be far better than expected, we will have buy back shares, the rest of the profits will be reinvested to improve the renewable portfolio and partly place towards the increase divi.
The fact is BP is now stablishing its upper 400 level strongly a position which it deserves, this is still way under valued, and so the reason I believe the accelerations towards the initial 450 will be very fast and even more confidently goes towards 500 in no times. After that point might be a slower rise but still will hit 600 mark by September 2022
IMHO
Oil price may retrace down to $83 but will push back up again to close $ 100 easy. (May be even higher)
Good luck all
DYOR
IMHO
Mary
This is not going to tank
The best you might lucky to get it as 1100 but not see it going lower
But the upside push will be rapid so don't miss the boat
GL