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Agreed, let's keep the share discussion forum to investing and not on any political agenda. People are assuming that OPEC and the major oil players can actually agree on a deal to be reached next week. I am certainly hopeful but my question is, what happens if it cannot? Also, there is a current over-supply of oil but a lack of demand. Especially in the coming few months, due to coronavirus, there will be no significant need for too much oil. I cannot see the oil price returning to 60 USD a barrel any time soon. If anything, the only thing that will happen as another global recession occurs in the coming months are that the stock markets will further decline. Oil prices will hover around this level with some daily spikes and drops. In my investing experience and personal opinion, I can actually see this great company dropping back to around 1100p at some stage. When it reaches the 1100s, it is time for long term investors not to panic but instead to buy even more to average down. I believe in this company and agree with other posters that even if oil demand subsides, Shell will be diversified enough to focus on alternative forms of energy.
I am hoping that GKP can continue to receive their payments and that the most recent one starts a trend of such timely receipt. Oil is very uncertain in the coming months ahead. Fingers crossed for all of us GKP long term holders!
Before the end of the tax year, it is best to top up your ISA allowance in a Stocks and Shares ISA by 5th April 11:59pm. Then come Monday 6th April, top up another 20,000 GBP in to the Stocks and Shares ISA and invest the entirety of the money in to a solid defensive blue chip like VODAFONE. With a near 7% annual dividend yield and definite potential capital growth in the SP at the low 100s...you cannot go wrong as an investor. The Stocks and Shares ISA protects you from further taxes on the dividends and future capital growth. GLA and as usual DYOR, but this is a must have in any diverse portfolio.
I can only imagine that Tesco will continue to rise in SP as coronavirus escalates for the next 3 months. That, combined with the special dividend due to the sale of the Asian assets and likely better than expected quarter results - I would rate Tesco as a strong buy. Their annual dividend is currently at 3% (which is a good deal as it is) but with improved performance this year, the divi payout may be higher. It seems that they are prioritizing and improving customer service too (as above poster mentions). As such, seems a solid defensive stock all round.
I have put my money where my mouth is and invested 10,000 GBP into NG at an average share price of 870p a share. As coronavirus continues and a possible recession is around the corner, this will be the ultimate defensive blue chip stock. I would of course advise caution, but I think this is a good buy for the medium to long term. Good luck all!
I am also in favour of using the cash to either pay off debts, or to conserve it (cash is king) with a careful plan on cost cutting strategies that can yield higher profits in the long term. Paying out the dividends now would be a very unwise move...one that is certainly not recommended.
It's not just the oil price war, it is the ongoing coronavirus saga that will accelerate the world into another mini-recession. One can only hope that this virus can abate and that businesses return to normal within the next 6 months. If not, expect oil and all stock markets to drop back more...
However, saying that - I do think that for long term holders who are looking to hold this for 3+ years, there is significant upside to be had. If the SP goes to sub 950p a share again, it is not time to sell but rather to buy more and hold for the long run. I am a strong believer in RDSB.
I have been an investor and trader in LLOY shares when they used to be called HBOS/Halifax. I lost a fortune during the financial crisis and collapse of HBOS back in 2008. It is only through the last 12 years of trading them that I have recouped some of my money back from what I had lost from HBOS alone. As such, I feel I am experienced and in a strong position to suggest that LLOY will fall back more. The economic times ahead are certainly not rosy. If you set a tradeplan for 29.75p a share, I am sure that at some stage in the next 3 months that target price will be reached. Once you have purchased those shares. Hold for the long term and given several years, you shall surely at least double your money and may also receive decent dividends for those years. It is certainly a better punt than the 0.1% interest that you are getting from banks! GLA!
You should set a tradeplan to re-enter these NG shares at around 900p a share. This is the ultimate defensive stock. You will not be quadrupling your money overnight but it should stay fairly stable, with the possibility of some decent capital growth over the longer term e.g. 15-25% with a solid 5-6% annual dividend. For the future uncertain times ahead regarding coronavirus, oil price war, increased likelihood of more companies going bust e.g. Flybe, Laura Ashley, OneWeb, Brighthouse - this is the ultimate DEFENSIVE stock in any investor's portfolio.
I have purchased GSK many times before and have been in and out of them for many years. Currently, I am out but looking to buy back in. Especially, if this goes to sub 1350p a share. At that price, it represents a great annual % dividend. I also believe that the dividend for this will be maintained and that if anything, this should be stable even if coronavirus continues to and beyond the summer. At that price, there is also room for sizeable capital growth in the share value too. This is a solid company which I feel should be trading at 1800p a share in the medium term. Good luck all, I will be waiting for this to drop back...
It is a solid defensive stock for sure. Will be a good hold for the great dividend at these prices and shall also reap some medium to long term capital growth too. I have purchased these and will be holding at least for a 2-3 years.
I own several oil companies' shares and RDSB is one of them. Dependent on the severity of the coronavirus, I strongly believe that in the long term, RDSB will be back up to 2000p+ a share. We have been caught in an unprecedented global situation regarding coronavirus and the oil price war. If investors hold their nerve and they buy (I think anything below 1200p is a great entry price) - my opinion is that they will be rewarded in the long term. I think within my life time, there is still going to be a strong demand for oil. (I do have to declare that I am middle-aged and no spring chicken!) Be greedy when others are fearful.
At around 300p per share, BP represents a solid buy for the medium to long term. You will get an excellent dividend for income as well the potential capital growth in share price when this shall surely return to 400p per share at some stage within in the next couple of years. Experience and a proven track record has shown that oil shares like BP. will always return to a "more normal" level once all the uncertainty/volatility subsides. I have purchased more of these to average down for my future pension pot. At these prices, you are getting an approximate 10% dividend yield annually. No bank or rental property investment could ever top that easily.
Many shares have recently taken a huge tumble due to the ongoing coronavirus situation and the continuing oil price war. I topped up at 98p per share to average my holdings to 410p per share (I am a substantial shareholder and have held these shares for over well over a decade). I will not be averaging down again as a part of me worries just how low this can go and whether this could actually stop trading. I have also held shares in companies that have gone bust in the past such as Bradford and Bingley, HMV, ROK, HBOS ((although this later merged to Llloyds Banking Group, so was not a complete loss). In total, my losses reach a nightmarish 100K GBP amount. As such, I will be watching GKP (most likely continue to fall, until it eventually reaches a clear support level).
I have held these shares for a long time now and was a shareholder in them when they were run by a different investment management group. Whilst I disagree with the previous poster that this will be 140+ pence per share by early July 2020. I do believe that this types of investment funds are good, solid long term players. If you are happy to take a decent dividend and do not care too much about the day to day fluctuations - then funds like ADIG are a solid buy. You will rarely be able to buy/sell at the best times. As long when you process the trade, you are happy with it - that's all that matters! Good luck investors!
As someone who has been an investor and shareholder in GKP since 2009, my average buy in price is 900 pence per share. At these prices, it is good to average down for me. These are based on my unique set of circumstances, as such, this represents a "Weak Buy" for me. There will of course be volatility and yes this may go down even more, but for me...what have I got to lose? I see this as something that has everything to gain and nothing to lose. Fortune favours the brave!