Member Info for Thronegames

I've been away from the board for a good while. Is the sale of the company not going ahead? Last I saw there were "credible offers"...?

Thanks MrLolol. Was just wondering if it was a regular thing. Nothing in calendar and although I've had shares in BP for a few years, I see a change of fortunes to the upside and that's why I was interested. With oil price at current level, they have to be making a LOT of money. Hopefully debt reduction will continue to accelerate.

Good question. Q1 results on 27 Apr were preceded by a trading update on 10 Apr so going by that we should expect a trading update on 10 July? More seasoned BP investors might be able to answer that?

Thanks Owl. I have a better idea now but not a full understanding! Do these contracts expire on the last day of June? I would have thought the build-up to July results (based on an elevated oil price in this quarter) would be the dominant influence on the SP in the short term. I topped up in early April at £3.00 on the basis of that. We'll see. Lesson I've learned is to take profits and not wait until I'm sitting on a loss to sell. I guess I'm out at around 3.70 later in the year. Can't see any significant dividend increase.

mojo could you explain what you mean by contract expiration volatility - and when do you expect it to kick in? What contracts are you referring to? Thanks.

Cannot understand how the London price follows the ADR slavishly! You'd think it would be the other way around! I am very positive about this share at the moment. I've had a few different entry points both higher and lower than current SP. Overall I'm in the red by about 5% (excluding divis).

I am no chartist but ran a comparison graph on the SP and price of Brent crude over the last 10 years and just from looking, it seems that the SP has about 50% upside if it is to match its relationship to price of oil over the last decade. I'm 100% sticking with this; last added at 3.00. Can see only upside based in incoming results for Q2 next month.

Lest anyone accuse me of ramping, a small holder like me with a few thousand shares will not shift the SP of a Behemoth like BP! I am an ant on the elephant's back!

y11-shx, yes I'm newish as well here. I'm wondering though about the recent share placing; it was a surprise to me - how are they going to use that capital, I wonder.?

OK. I missed that! I've been a holder for a coupla years now with capital growth and dividends. I think will pick up as second larger dividend looms later in the year.

If you look at 'BP fundamentals' on this site, you will see negative earnings and a negative P/E ratio of -4.36. This assumes that BP is losing money which we know is not the case. Can anyone explain what I'm missing?

The FTSE SP seems to follow the direction of the ADR and follow that lead rather than vice versa. Same story at 2.30pm every day; or maybe it's following some other factors in the US market. Can anyone explain this?

Hi seenitdoneit, to clarify, I don't necessarily disagree with you at all in fact. It's just your message triggered a train of thought where the inplication of "just DYOR" in your message is that we can by our own methods estimate the true value of a share and make a trading decision based on that. My point is that the fundamental vale of the share that we arrive at may have no essential relationship to the ACTUAL share price because this is driven by fashion and perception. In the case of IMB the sp and P/E are low because tobacco is considered to be evil! BP has also been dragged trough the mud because oil is considered to be dirty. Tesla sports a crazy high PE multiple because EV's are "clean" and Elon Must is cool. All perception!

seenitdoneit, I disagree with your comment; I think that share prices are influenced by perception. So IMB has a P/E of 9 and another stock has a P/E of 50. The market is driven by perception, not by basic realities.

Yes mojo, 'boring predictablity' is good. Going into Q2 results, based on oil price, I am comfortable to be invested here. I've also added AMGO last week and it frightens me along with a couple of my AIM prospects. BP looks like a slow winner to me over the next 6 months or so. I could be wrong. My problem is when to sell; timing. And what would I then buy?

You quit CSDI? I finally got my divi payment due 31 Mar on 23 May! Stocktrade (Embark) say it was a problem with transfer of bank details due to the takeover of Alliance. I'll have to see what happens with next dividend - they can't exactly use the same excuse! Your pairing of similar stocks analysis is very interesting. Are you saying that the stock in each pair (IMB / BATS; BP/RDSB and AV/ LGEN) with the lower P/E ratio is the one that does best from any given starting point? Any further elucidation would be welcome .

Wondering what's the next piece on news to expect - AMGO's response to court decision?

"And it has been a superb Motley Fool income pick for 9 years running!"
That is very deceptive language. At the same time as it was paying a dividend, the BP share price has almost halved, depending on when bought. I do see this as a very strong performer in my portfolio. I'd buy more but already over-exposed.

So based on the current yield, they are paying about 9% APR on this new capital. Seems like an expensive 'loan'? Does anyone understand the logic here?

dividendmax is a great resource for dividend info.; I use it a lot.

Well I would trade it too but for the costs of broker fees, bid-offer spread and stamp duty. Also the currency spread as I am in Ireland. Can't see how it's viable.

For a FTSE 100 share this has been doing great recently. I've been down a good bit on my initial investment @ 15.85. The two quarterly dividends coming up are about half the dividends that will be paid in Dec this year and March next year. I would add more but I am already over-exposed at about 10% of my stock portfolio. BP is another 10%. AIM shares 15%. Asia Pacific 15%.....It's a question of balance.