Member Info for TinkerT

EasiWynns,

A divi of 17.1p per share could easily support a doubling of SP from its current level. It’ll be more than a little interesting to see if the half year figures point in that direction.

Tinker

I dodged a bullet with Cineworld, selling out before the 100% drop in SP. I’ve not been so lucky here. Today’s 4% drop takes my person loss to 56%. Does anybody hold out any hope for any kind of meaningful recovery? Is a takeover our only hope? If so, are we worth having?

Tinker

Meoryou,

Yes, the consolation is that it’s not BP related. We are in good shape to recover when confidence returns. Meantime, we just have to groan as every other day a few pence gets knocked off Sp.

T

T

HH,

I mean, of course, another new low for the last few months. I think everybody else knows what I mean.

T

Another new low.

T

I don’t know about other folk (except y11 who just gloats) but my portfolio is down to the same level as last August . The average drop has been about 17% since March. The consolation is that BP is no worse than my other shares.

Tinker

88,

Bet you’re wishing you had waited/not bothered. I’m in the same boat having topped up at 400. I suppose, regardless of the SP, we’ve still got the divi to look forward to. That is most definitely NOT the case with my investment in DLG.

Tinker

Meoryou,

Mrs S is just drawing attention to the BoE interest rate rise.

T

Happy,

You’re right. The West’s obsession with net zero is the energy equivalent of that other well-meaning but lunatic policy, unilateral nuclear disarmament. In both cases one party does the virtuous thing while the other party smirks and takes advantage of the “virtuous” party’s weakness. The West will pay economically for the salved consciences of the woke and woke-hugging politicos.

Sanctions against Russia are another example. There is no point in sanctions unless you get the Chinese, Indians and everybody else on side. And you’ll never be able to do that!

Tinker

We’re now the Ftse equivalent of Crufts; EVERY day is a dog day.

Tinker

We seem to be falling into the familiar pattern. We take the full brunt of any fall in the price of Brent and then get a fraction of the increase when PoO improves.

Tinker

Neil,

I share your frustration. It seems that buying back 10 million shares a day is enough to limit our daily drop to a few pence. Hopefully supply issues will raise PoO, demand won’t die and we’ll be recognised again as the cash machine we already are before too long.

Tinker

We’re now 10p down since the OPEC meeting. I’d have expected it to be 10p UP at least.

I think there is a place for buybacks but I acknowledge that they are, in a sense, an admission by the BoD that they cannot think of a productive way of using the cash WITHIN the business. Progressively we, as shareholders, own a bigger proportion of a smaller company. But debt reduction and payment of dividend also reduce the capital available for investment. I don’t think there are hard and fast rules as to what’s best at any particular time.

Tinker

Yes Y11,

If buy backs stop and oil price falls, we could see £3 again. Equally, with higher oil price and continuing buy backs, we could see £6, £7 or higher. It’s really not that hard.

Tinker

Disappointing afternoon after a promising morning. (How often is that the case!) Is it just that the market is short-sighted and won’t believe in an oil price rise until it actually sees it? Today’s $1 a barrel isn’t making anybody sit up and take notice.

Tinker

Now supply has been checked, it’s just demand we have to worry about. I was a bit concerned that the production cut was so widely anticipated that it was already priced in. Let’s hope this morning’s 4p rise in SP is the start of something much bigger.

Tinker

Shatter,

I really don’t know what you mean by “little reward”. We are getting a yield of over 7%. I know inflation more than compensates for that but compared with other investments 7% is pretty good.

Tinker

Maybe they’re waiting till we’re sub £4.

Only joking! ?

Tinker

Thanks Halma,

I’m a long term holder but my recent top up significantly raised my average (520p). Think I’m locked in now for maybe longer than I would like. Patience is required.

Tinker

I didn’t think I’d ever agree with y11 but I have to admit he has a point. I topped up at 560p in the enthusiasm following the February results. Big mistake. We’ve dropped nearly a pound since then. With quarterly divies of 5p, it would take me 5 years to get me back my pound per share.

The SP ought to be doing better than this but the FACT is that it’s not. Let’s hope Mrs S’s optimism is well placed.

Tinker