The Money saved by cutting dividend will be used by BP to buy back shares. So BP Share Price has the potential to hit new highs. Possibly £6 + in the next 24 months.
I Must apologise! I bought in today, and like everything I buy, it drops lol. I do feel FSFL is a little under valved and pays good dividends quarterly. I will be holding long term.
I sold out yesterday. Ive done a few deals on AA and made a nice profit. I feel no point waiting for 1p more. If there are any problems with the take over this could drop to low 20s where i will buy back. good luck all.