Falcon-Flyer - I have read your posts and appreciate your information you are providing. A lot of people on this board will have bought into JD after the Trading update in January after the price dropped. I too did the same. As a lot of people will be aware, the price fell after the CEO was perhaps a bit bullish on the annual trading profit. If each person does their research, there is a lot of information available. I am aware that JD sells ADIDAS and NIKE brands and as both recently posted results that confirm short term headwinds against them due to the global economic downturn and this in turn has caused the JD price to fall.
I have purchased JD shares after selling holdings in Dividend paying stocks. It is my intention to sell my holdings when the share price hopefully recovers to what it was prior to the Trading Update and will go back to purchasing Dividend stocks to pay me passive income.
I am also aware that there is a disclosed short position by GLG Partners for 0.53% of the stock. As there is 5,183,135,745 shares in issue, 0.53% equates to over 27.47 million shares that require to be bought back. I don't have access to any more information but today would have been an ideal day for aa selling algorithm to drip feed sells to drive the share price down so that the short position could be closed. I have had a look at after hour trades on this site and there are large numbers so it may be that there is a lot of arranged purchasing going on to close the short position.
My average is sitting at 111.49. I am now retired and have a SIPP and and ISA that I have investments within and I receive dividend payments for the shares I own. I know that the dividend that JD pays is only 0.73%. I bought into this company as its revenue has increased year on year, making 10.125 billion pound last financial year, 440.9 million before tax.
This financial year, the company have previously stated in the January trading update that they are estimating to make between £915 and £935 million before outgoings.
We all have financial goals in investing. My goal with this share is to hold until the price recovers. By selling my dividend paying shares to buy into JD, I have waived a guaranteed dividend pay out but the growth potential of this share will make up for it.
If you can, buy more shares when the price slumps on a day like today. I topped up with another bundle at 108.88, just missing the low point.
FF, keep posting the information as I don't have access to Level 2 information and your posts are welcome, when you are telling us about the large buys and sells. I have been buying and selling shares since 2010. Now retired but the fundamentals about JD tend to show that the price should recover over time. Once the interest rates reduce over time, and more disposable income becomes available, I am sure athleisure clothing will be purchased through JD for the younger person who requires labels etc.
Thanks Zac and to others who posted. My mistake. I calculated it against my original investment - what my original costs were. I now understand that I am getting 5.1% and not the higher. I calculated in error against what my original costs were and not the current values. I appreciate the advice from all posters on this board with more experience than me.
I bought BP and RDSB at the same time and held them for the same length of time. I only sold my RDSB as the shares in RDSB had made more of a gain compared to my BP recently. I started off with roughly a 50/50 split in BP and RDSB but I am now all in on BP. By selling my RDSB at a gain it brought down my average for BP. Now I am going to hold BP for the next year but I am thinking about moving away from individual shares to Funds but I am holding off meantime as I am waiting to see what happend with BP when the world has recovered from COVID and I want to see if the green transition pays.
Notgotaclue - I have BP shares as well. I was lucky that I bought my first amount at the beginning of August last year and then some more in October. I also had RDSB but recently sold them and bought more BP so my average is 207.76 BP. I also bought more BP shares over the last year at an average of 288.15. I am going to sell a small proportion of shares now on a quarterly basis and keep the dividend to add to my monthly pension. I bought the shares and I plan to hold on to them for another year at least and then review. I have re-invested the dividend for the last year but I am now going to enjoy spending it. The yield for me is 7.7% so I am not selling meantime.
https://factcheck.afp.com/electric-cars-france-were-not-discarded-due-faulty-technology
https://factcheck.afp.com/electric-cars-france-were-not-discarded-due-faulty-technology.
Link taken from factcheck.afp.com
Link details problems associated with electric vehicles and their batteries.
Information taken from OilPrice.com
https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Large-Cap-Energy-Stocks-Poised-For-Sharp-Short-Squeeze.html?utm_source=browser&utm_medium=push_notification&utm_campaign=vwo_notification_1626903314&_p_c=1
I have held my shares in both BP and RDSB for nearly a year now. I purchased my first batch when I received my pension lump sum at the beginning of August and bought further in October when they were at their low point. Jusr prior to me retiring, I got investment advice and I was told not to put all my eggs in one basket etc. and to choose Investment Funds rather than shares to invest my lump sum in.. What I did was chose twol groups of funds and compared them to my current investment in the oil companies. I take a note of the daily gains and losses for them. I don't trade, I only add when I have funds available and re-invest the dividend to purchase more shares. Like a lot of investors, I am feeling frustrated at the current prices as the July losses have wiped out the June gains.
Comparing my investment in oil compared to the funds, my current gain is just over 36% compared to 29% and 27% in the funds.
I was looking to hold both shares for another year and again compare to the funds as I am not looking to make huge gains on a yearly basis, enough to allow me to withdraw a larger amount from my lump sum to supplement my monthly pension that gets paid into the bank.
Hopefully the current volatility in the share price calms down over the second half of the year when OPEC+ finally agree with each other and the "Green Brigade" can see that both BP and RDSB are making changes to renewable energy.
I know everyone has differnet investment goals. My goal is to have enough money in the pension pot so that I don't ever need to work again. (I am lucky that I have just turned 53 and I have a final slalry pension so going to spend the remaining years living in the sun until I draw my state pension in 14 years time
Hi there. I am all in between RDSB and BP. When I got my pension lump sum I bought shares in the UK banks, the Hong Kong banks and Santander along with oil companies and IMB. All had suffered from the Pandemic. When oil hit the October low, I sold all the other shares and bought into both BP and RDSB. I am looking long term into investing in Funds. I have selected 10 funds to put my money into but I feel that over the next 12 to 18 months, the oil shares may go back to the previous levels so I am just watching and waiting. Made mistakes in the past and lost heavily when my NMC Health shares were suspended so I have been given a second chance I feel with the oil so I am not wanting to blow it. The gains I have made here has cancelled my losses.
Andy - I bought into BP and RDSB in October last year. My October values were 205.13 for BP and 918.18 for RDSB. I have held them, bought more when I received the dividends and I am currently at a 59.24% gain on BP and 57.35% gain on RDSB. I keep watchlists for the shares bought. I bought into both BP and RDSB in August last year when I got access to my pension lump sum and I have made a gain on both on their August levels of last year, I bought BP at 281.37, (16.23% gain) and RDSB for 1162.35, ,(24.37% gain.). I have purchased more BP shares over the winter when I have had the funds available. My total Investment in BP has an average of 223.06, (46.58% gain) and RDSB of 958.53( 50.61% gain). I have made mistakes in the past attempting to trade so I am just going to hold onto them until they hopefully head towards their pre- covid levels. Not in a rush to sell. I will remove a small % of funds on a yearly basis to fund my retirement but I am going to hold meantime. Good luck to the day traders but I don't have the nerves to do this. I read all the articles about both companies and I am sure there will be a good few sets of trading results ahead.
Zac - thanks for posting this information regarding the funds - this is something that I am interested on doing in the future. I currently hold BP and RDSB shares in both ISAs and SIPPs but in the future, I was planning on selling the shares and investing in Funds. I have looked at Income, Accumulation and Tracker Funds to put my money in as I have a target for selling both my BP and RDSB holdings. My average for BP is currently 227.8 and my RDSB holding is 978.01 so I have made a good gain in both at present and I am goingto continue to re-invest the quarterly dividends in both for this forth coming financial year. I am hoping that my "fund pot " will last me for the next 20 years so I am looking at eventually removing a small amount every year from it to add to my monthly pension. I have looked at the HL Funds and I have taken a note of a number, some of which you mentioned in your post. I also thought of purchasing the High Yield FTSE shares, IMB, BATS, GSK and WPP etc. but I am wary that although you get the high Divi, the share value may not have the growth to cover your initial investment - I know it is diversing away from BP but I appreciated the input you gave.
https://www.hl.co.uk/shares/shares-search-results/b/bp-plc-ordinary-us$0.25/share-charts
Here is the desktop link for HL
Foxbat - that is good information. I have received my pension lump sum, which I have divided into ISA and SIPP accounts. I am 53 years old and I am able to access the SIPP in a few years. I appreciate what you have said and I am now going to crunch the numbers on the back of what you detailed in your post. I am hoping to have a good fund in my SIPP to dip into from 55 years onwards and leave the ISAs to grow. My intention was to dip into the SIPP and when the funds were finished, to then dip into the ISAs. I am lucky that I got a final salary Police pension last year with a good lump sum. The biggest decision that I will have to make is how long to hold onto my BP and RDSB shares. Having held shares previously that tanked and lost a considerable amount, I am wary about holding onto both for years to come. I looked at the Pre-Covid values for both and I am looking at holding onto them until the shares hopefully reach their old values.
You would be better locking your money away in a bank savings account as there is no risk and the bonus is you get 0.1% interest in a year. That way the covid risks will not affect you anfd that way you will not be stressesd dealing with shares
the buy backs are in dollars. Each RNS states the average buy back price but I just used an approximate value. If someone has the time on their habds they can look on te board and do the sums. I was quoting an approx. value so if someone wants to do the sums. From a very approximate look - it is approximately between 100 - 150 million dollars to buy back. Apologies if am away off but I am being approximate here.
I had a look at the RNS information on Saturday morning. From adding up the number of shares on the RNS reports, BP have bought 84,397,120 shares back. For argument sake, say the average buy back price was 310, the company have purchased approximately £260 million worth of shares. This equates to approx. $370 million. So for arguments sake, from a dividend point of view, BP will not be paying out £12.6 million in dividends against those shares. About another $130 million to purchase back this quarter.
From adding up the number of shares on the RNS reports, BP have bought 84,397,120 shares back. For argument sake, say the average buy back price was 310, the company have purchased approximately £260 million worth of shares. This equates to approx. $370 million. So for arguments sake, from a dividend point of view, BP will not be paying out £12.6 million in dividends against those shares. About another $130 million to purchase back this quarter.