Member Info for Thronegames

I think a substantial departure from the recently declared 5 year dividend policy is a bit unlikely and I would expect a special dividend this time around. I agree the market will be disappointed if there is no reward to shareholders after what is going to be excellent results on 2nd Nov. In my humble opinion!

Thanks Bismarck and Redtom. I live in Ireland and from looking at the double taxation agreement between Ireland and U.S. , Article 10 reads more or less the same as in the UK /US treaty with the EXCEPTION that pension funds are excluded from the Ireland / US article. Which implies that 15% dividend withholding tax on my DEC dividends applies. HOWEVER, my Irish pension provider has contracted out the self-directed portion of my pension fund to Stocktrade (Alliance / Embark) in the UK and this broker is applying the 15% tax to all of my U.S. dividends!. The plot thickens. Sorry for boring anyone for whom this is not an issue!

PeterH1. Nobody "on here" can influence the direction of the share price of BP no more than they can influence the direction of the FTSE100.

I find it curious that some people post about the amount of money they have invested here. I am a small player within a pension fund. I have 16k invested here and it is my largest holding. Many posters might see that as very large holding. I don't understand how anyone with £350k is interested in posting on this board. Unless it's their only investment? But if it's their only holding, then that is stupidity. If they have a balanced portfolio with a number of shares of which BP is but one? That is also stupidity; get you to Marbella and give up your fraternising with plebs like me.

Redtom. Thanks for taking the time to look into this. I am in Ireland so I have to find the Irish equivalent! Anyway, much appreciated.

Bismarck, am I correct in concluding that you do not pay Dividend Withholding tax in your SIPP? (i.e. you are not referring solely to Income tax and CGT?). I am having difficult conversations with my broker over DWT. I'm trying to identify what tax legislation covers the protection of dividends from DWT in a pension fund.

Bc2020, well done! You are amazing! I wish I had your talent. How do I get to where you are? I am watching your progress with this investment. Remind me: what was your entry price? 1550? In fairness to you, I once thought also that I was a genius. I got burned at the stake for my incredible powers. In this new life, I am a little more humble. The dividend is great ; yes, we agree on that.

Annalisa the answer is simple. BP did not know the share price would be higher now than it was then. BP does not have some special insight into the market for its shares. Nor do you or I.

OK. On what specialist information did you decide to buy IMB at 1550 with such fanfare? What insights do you have? The dividend is a fact alright. How do you know that the price will rise to >2000? That's speculation. So if the SP goes over 2000p, you can say "I told you so!". But what secret knowledge do you have?!

Are you alright? What secret knowledge do you have. And who is JP Morgam? I wouldn't even listen to JP Morgan. Broker forecasts are unreliable. Do you realise that many people on this board are seasoned investors and pay no heed to your posts?

Interesting that as per this morning's RNS , Dart 's has increased his stake from 3.2% last May to 4.7% today. I wonder what he sees in BATS and IMB that we can't? The attached article suggests he's not here for the dividends!
https://www.proactiveinvestors.co.uk/companies/news/948223/no-smoke-without-fire-as-vulture-fund-quietly-builds-stake-in-bats-and-imps-948223.html

Well now, let's see how fossilfool's predictions pan out. But we won't be looking back at these posts in December. I like your posts, fossilfool, but can you please update your chart predictions , telling us the outcome at the end of this month and at end December? Were you right or were you wrong? Interesting to see. What about your predictions in July of this year for POO and BP price? Did they come true? Damned if I'm scrolling back to July posts to find out. So just tell us, fossilfool.

Alas-Smith. Yes I try to buy when everyone else sells. I also am drawn to dividends. I am underwater with RIO at the moment but I will wait for a long time to sell. I note you made a 14% + return in your portfolio in 2020? How did you do that? I just about broke even due to star performance of one AIM stock, otherwise I was hammered!

Alias Smith, I was most interested in your posts and I personally think no apology is necessary - except perhaps to Barnet for the phrase "a fool and his money....". Barnet, you should listen to Alias; he has huge experience and is successful. His age at 63 is a positive. I cannot see anything in Alias's posts to suggest he is giving a false biography. On the contrary, Barnet, his posts seem to me to be honest and generous in the sharing of his knowledge. I myself am 62 and I think my experience has made me into a better investor. When I say better, I mean I was a complete fool to start with back in the late 90's. I am merely less foolish today.

I am overweight in RIO and BP at the moment. Alias, I would suggest that timing is also important when I consider your phrase "let your winners run and cut your losers". For example, being quite contrarian in my strategy, I look at cycles driven by both sentiment and macroeconomic realities. For example, sometime in late 2015 I decided that the BP share price was ridiculously low and I bought and held. I took profit sometime in 2018 and continued to hold some but got hammered again by April 2020. I've been buying back in since Spring of this year and my strategy is to sell, possibly by early next year. BP is on a run at the moment.

It takes wisdom to know when a 'winner' is no longer on the run and when it becomes a 'loser'. I see your strategy, Barnet in selling Rio because of all the noise from the Chinese market and the collapse of iron ore price. But I see this as an opportunity to buy China and buy iron ore and all commodities. China is a global engine of growth that has seen a lot of negative sentiment due to regulation and Evergrande and all that jazz. Barnet, I would say recalibrate your time horizons. Everyone hates oil, coal and China; I love them for that reason. I'm in this not to make friends but to make money.

Alias, in terms of your 'winner / loser' strategy, can you comment on my BP story above; genuinely I'm interested in your insights. Is timing important or not? Thanks, Alias; great reading your posts!

Boom!?

Brilliant! I had been thinking of selling one third of my holding to buy back into Evraz but decided it would be a stupid move given the switch from gas to oil, increased air travel. So I have a conviction that it is logical for the SP to increase coming up to 2nd Nov results date. Mind you, I had the same conviction last April when I doubled my holding. I agree with a poster who said that II holding of 8% is low. I also agree with a poster who said that BP needs to be seen as a leader in the transition to 'Green' for II's and Greta-lovers to invest.

Does anyone understand how such a Rights Issue would affect the SP?

apologies, my full posts are failing, but really BC2020, how can you expect to be taken seriously?

...have a

BC2020. Did you win the lotto or something? You don't strike me as someone who has accumulated wealth through years of hard work and of experience. I am quite willing to believe that you spent 350k on IMB shares this morning! Bear in mind that many on this board including myself have a