Member Info for Thronegames

fossilfool, I'm no chartist but had a look this morning at a comparison between the TREND in the oil price and BP share price over several time periods including 5 years. While it is clear to me that the trend in BP sp does follow the trend in the poo, this relationship in direction seems to have broken down sometime in June! It was never a direct quantitative relationship; we all know that while poo is up 80% YTD, BP is up just 20%. If the trend relationship were to be re-calibrated, it would imply a sharp swing north in the BP sp from....well round about now! It's just my humble gleanings from eyeballing the comparative charts over several time periods and I'm wondering what others think. If the directional relationship is not re-established it implies there is selling pressure coming from somewhere that we are not aware of - perhaps a sovereign wealth fund. We have to bear in mind at all times that BP is considered by the Green cohort as simply not green; it's out of fashion big time. I think greed will trump green though around the Q2 results. Just my opinions. I have a big chunk of my portfolio in BP and I'm as mystified as anyone else as to why SP is not a lot higher.

reclessferret, thanks for the information and the link. I have a clearer picture. I have lodged a formal complaint with Stocktrade. What annoys me most is this the shares are held within a dealing account within my pension fund, so the rate of tax should be 0%, while I am currently paying 30% on all US dividends. I didn't pay much attention before as my US shares mostly have very low yields. I bought DEC about 3 months ago. Thanks once again for most helpful information.

Jan, maybe related to OPEC in US market. But in London today's price performance has tracked the trend in FTSE 100. In Google search there is a 'Finance' tab alongside 'News'. I just discovered recently that it allows comparison between multiple share prices and indices over multiple time periods. So looking at some of the heavyweights in the index today they have mirrored each other in trend. I therefore conclude that it was the index that was being sold this morning and not BP specifically.

Thanks Redtom and coolbeans. As a result of your replies I will become somewhat more assertive with my pension provider. Yes I am referring to individual shares held. My pension fund is with Standard Life Ireland but I know that same rules apply with little or no variation. Very annoyed. I get the full amount of all of my dividends from my Irish and UK shares.

30% of my last dividend was withheld. Yes I know this has been discussed on this board in the past and I have reviewed some posts and I am none the wiser. I have a self directed account with Stocktrade (now Embark) through a pension fund with Standard Life.
I have been communicating with both parties as the rule in principle of any pension fund is that NO tax is payable on gains or income accrued therein. 30% withheld on all dividends from U.S. domiciled companies it seems. I have a W8-BEN filed. Someone here suggested that given W8BEN that it should be 15% withholding tax. Someone else suggested that it is only institutions owned by banks that withhold tax.

Given what I know above, can anyone tell me in a couple of sentences whether I should a) suck it up (30%); b) pursue them for 15% tax only or c) pursue them for 0% tax. I have retired from my pension fund. Lol AND I'm wondering if I can go after them retrospectively!

I really would appreciate any advice or information. Certified Financial Advisor has not one clue. Standard Life have not one clue. Any clues would be welcome! TIA.

I find the dividendmax site excellent; I've been using it for years. After search you enter number of shares you hold or thinking of purchasing and it calculates dividend amount.

Hi I am interested in your motivation for your posts recently. I conclude they were prompted by either a) altruism in trying to prevent other investors from losing money because of your superior insight. Or b) anger and meanness, by which you wish to influence others to sell because you want to buy more cheaply. Perhaps there is a 'c' option? You sure don't strike me as an 'a' type of person. Perhaps you'd like to enlighten us about your motivation - not your predictions! Please and Thanks.

Tilly whizz you are very funny. If I have any more rums I'll be plastered by lunchtime!

Harmonica; "there, they're". Or "their" if you "prefair" But it drives me crazy too.

Agree. It's now the biggest holding in my portfolio. Topped up again last week at 3.15. I should have been even more aggressive. The run in to 1st August results will be great for this SP.

Just to clarify my previous post, I'm staying here until I die or 60p, whichever comes soonest.

I've been here for almost 2 years (average about 5p I think) and sold on the way up and used substantial profit to buy blue chips. This share has saved my entire portfolio since the start of the pandemic. I am now sitting on the last tranche of shares and yes, I do share the impatience of many. I have no 'loyalty' whatsoever to any share. However I'm sitting on this last batch and I accept that there will be a shareholder return as per RNS - of a special dividend. I think the BOD are sitting on the sidelines watching the SP performance and I will be surprised if there is not a RNS to clarify. If I had no shares in EUA, I would myself consider these a buy now even as a speculative trade to make 20%. I won't buy more as I have a certain tolerance level of AIM shares in my portfolio. Maybe a huge mistake. The BOD need to clarify the situation with regard to any partial sale or JV. My bet is that they will do that soon. So I'm staying to the end. Aas usual, IMHO and DYOR.

Robbyw...£250...is that net of about trading fees, stamp duty, bid/offer spread? Surely not worth while? Best of luck to you though.

I'm just wondering what happens when the Exclusivity Agreement expires or does there have to be some firm agreement by that date?

Wisha: what do you mean be 'EA'?

There is a casino element of gambling here of course. But we gamble on the side we consider is weighted in our favour. Investing is essentially gambling intelligently. I would not bother being adversarial; this is not a personal thing. Let's keep interpersonal stuff for the boyos on penny stocks boards that call each other 'shipmates'.

zac04. I made money on BP from 2015 to 2019. 2020 was a disaster and I was definitely down and sold some at a loss. On my current holding which is 10% of my portfolio I am about 6% down but very pleased with the recovery YTD. I wouldn't believe any 'genius' who said they made a pile by buying when the pandemic kicked in; those people will most likely have taken heavy losses elsewhere. The one thing I learned is to take profit and not assume that the upward trend will continue forever. If we get to £3.70, I will probably sell half my holding as I'm over- exposed at the moment. I'd be hoping to see that price sometime in Q3. Best of luck!

Bananaman, you are right; I stand corrected!

Bought again at 3.15 a while ago. Totally over-exposed here now but seems like such a no-brainer heading into results day 1 Aug.

Reading your comments for the last few days Mojo I was curious to see what would happen. Seems you called it right. But not sure if it's quad witching as the whole FTSE is down. ADR is showing -3% pre-market. Interesting to see how things pan out stateside this pm. Interestingly, if the quad withing you refer to relates to oil contracts, then oil should be down a lot more; it's down only <1%. This leads me to believe that the market response is a knee-jerk reaction to Fed tightening comments. Either way, this is cheap now and there is money to be made imho as we approach 1st Aug. I'm torn between topping up here or LGEN which is also down today (big dividend due Sept).