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Im out at the moment for the points Spights made you can get the same return in a easy access account paid monthly and 1 percent higher if fixed for 12 months.
I predict 460 on ex div date and 450 on 19th dec payment day and around 400 in feb 2023.
Just goes to show who is really in charge and it wasn't Looney. Definitely more going on behind closed doors. At least when the UK finds out they have been profiting with Russian oil they all ready have a scapegoat all quite convenient if you ask me.
The financial sector has historically been among the most sensitive to changes in interest rates. With profit margins that actually expand as rates climb, entities like banks, insurance companies, brokerage firms, and money managers generally benefit from higher interest rates.
The massive gains we see in the energy sector in the last 24 months looks to be over now and I would be betting on the same massive profit margins in the financial sector looking forward for the next couple of years at least.
I wouldn't be selling L&G until we hit first target of 305.
Selecta
It’s not smoke and mirrors it’s supply and demand.
Trades are determined as a buy or a sale depending on wether the price paid for a certain stock is closer to the market makers buy or sale price.
If for instance BP has a price of 400 the market maker will offer you a price of 401 and a sell of 399 that is called the spread.
When you buy or sale stock depending on what you pay closer to the buy or sale price it will be called a buy or sale.
When you buy stock with a pending order it will normally show as a sale and when you buy a stock immediately off the market it will normally show a buy.
I’m happy for you to learn from my experience.
The problem Is there is too much debt in the market. At 1 percent it was ok but at 5 percent and higher it will be a problem people will be forced to sell property, stocks and gold.
When people need to sell they often don’t get the buy price it will be the sale price. That’s how the markets work.
I hope this is simple enough for you.
Any other questions?
Bo selecta6
i.) The market is not simple it is very complicated given simple answer that are wrong like friendly trades reported at the same time but 1 second as the same trade reported by both the buyer and the seller is just incorrect.
ii) Im will write with paragraphs for you selecta.
iii) Gingy asked about 2 x 36 million pound shares traded and reported after hours and you thought that the buyer and seller both reported the trade by coincidence at the same time. It was obviously 2 x sale and reported after hours not to unsettle the market.
iv) I post in a fashion which is appropriate like when BP was 180 I was posted buy buy buy. When BP was 570 I was saying sell sell sell.
v) I can only imagine I am unpopular as when i was recommending sell nobody else agreed with me but hindsight is a wonderful thing.
I still have a sell rating on BP and recommending buying between £4 - £3.75
I can explain why but you wouldn't understand.
any other questions??
Selecta6 what you are actually saying is two investors done a after market trade directly with each other where they are responsible for notifying the trade and they both done the notification at exactly the same time? In this situation the buyer is responsible for notifying the trade and that is sometimes hour or days after the trade. Sometime depending on how many shares a investor owns in a certain company they may both need to fill out a notification holding in a company which shows in a RNS. Really some people have no idea of how the market works. This was a investment sale though the market 72 million trade was done and two market markers agreed to buy half each. The market makers job is to buy in any situation, have you never wonder how there is always a buyer when you hit the sale button not always at the price you want but nether the less a buyer. Once the market makers have too many of anyone share they start reducing the buy price and hence the share price drops. To encourage investors to buy off the market makers. The market makers make their money on the difference in the buy and sale price. If they get the price right they won’t accumulate to many of any one stock this is why we have market crashes every now and then. Any questions?
Gingy I will tell you there are two evils right now. Oil producing countries are cutting production to push oil prices up other countries are increasing interest rates on debt to take money out of circulation as a counter act. Basically so countries who import oil can’t and won’t pay. The main problem is oil producing countries needed 80$ oil but now due to the cuts selling less for more they now need something like 105$ to balance their books. Who will win?? The real economy need lower oil price around $50-60$ Oil producing countries now need over $100 who will snap first I’m out at the moment but if I was to bet it wouldn’t be on massive money printing exercise to pay for oil it would be on the economy having a massive contraction to prove the real value of natural resources. Time will tell are we going to see a massive push for the ftse hit 10,000 for the first time or 5000 again for the 6th time in the last 50 years?? With risk free 6 percent on savings where will the push to 10,000 come from? The next cycle and the next drop of interest rates not back to 1 percent. But most likely from 10 percent back to 5 percent that’s where we will see the next push up to 10,000.
Legal and general is one of my only shares that continued to pay dividends as forecasted and increasing every year even all the way though covid while many reduced and cut. Over the next 10 years you will receive over 120 percent of your investment and fast forward 10 years from now the share price will easily be £8 plus due to interest rate averaging around the 5 percent mark from now on.
With interest rates at least banks are making a fortune now so once the government has finished with energy companies at least they can move straight on to the financial sector to service their massive debts. Question is will they leave any meat on the bone for the poor share holders?
I can’t believe people still can’t see that high oil price are the problem. If oil drops so does inflation and interest rates will come down opec is a problem. Shell boss is spot on with his comment but was criticised for what he said. Oil cuts to push up oil prices is dangerous and irresponsible.
Yeah I think your right Tinker hope tomorrow is a better day or this will be a strong sell signal. Unfortunately I can’t see much positive at the moment it may just be better to take 6 percent + in a savings account for now and see how things on out.
Competition update5 Jul 2023 06:56
Subject: Competition 2023 Christmas ( Bottle of Champagne for winner)
Christmas 2023 Jeffrey1979 £4.60
WeirdPal £4.64
Christmas 2023 Owls £4.71
Cunningfox £4.79
Christmas 2023 Spikeyj £4.84
Christmas 2023. ClydeCrusader £4.85
Christmas 2023 wolfiebill £4.87
Christmas 2023 beecknot £4.95
Redjim £4.97
Christmas 2023Selecta6 £5
Grezz £5.05
AimingForProfit £5.09
Christmas 2023 Halma 1983 £5.10
Christmas 2023 Pang £5.12
Rupert Bear £5.15
Christmas 2023 Boxter £5.18
Christmas 2023 GKerr £5.20
Christmas 2023 J.S.B £5,24
Christmas 2023 Bruce77 £5.27
Christmas 2023 Neil 74 £5.33
Christmas 2023. Keepergy £5.45
Sundezena £5.48
Christmas 2023 Harmonica £5.50
Christmas 2023 Rjb 92 £5.55
Christmas 2023 Redjim £5.65
Christmas 2023 GoodTo Go £5.70
Christmas 2023 Jezzo £5.75
Christmas 2023. meoryou £5.78
cChristmas KPMAN £5.83
Christmas 2023 Jakers £5.85
Christmas 2023 MarkGo £5.90
Rhino2K £5.97
Christmas 2023 Happy investor 100 £6.00
Cong £6.15
Christmas 2023 Spights £6.45
Christmas 2023 jamtart 1 £6.50
Christmas 2023 y11 £4.05
Can I make it clear I sold all my BP shares over £5 and day traded them many times I’m out at the moment and am taking advantage of high interest rates I will buy back only at £4 bp may even drop to 3.75 where I will buy more but my Christmas guess would be £4.05 if anyone could please update which ever joker put £18.20 is dreaming. China economy is in bad shape and any other information you read is inaccurate.
Anybody invest with h and l ? They are now offering over 6 percent for 3 years fixed. So banks are now coming around for much higher for longer. Also the last time oil was 120 a barrel inflation adjusted was in the year 1862 please do your own research. Oil has only been that expensive 3 time over the last 155 years and after have all ended in some sort of recession and much lower oil price. It’s all well calling people name we all have a option but I learn from past events and not what is on the news while the people who are paying for the news adverts are trading in the exact opposite way.
Have a look at the graph in this link.
https://www.businessinsider.com/timeline-155-year-history-of-oil-prices-2016-12?amp
Https://oilprice.com/Energy/Energy-General/Global-Floating-Oil-Storage-Hits-Highest-Level-Since-October-2020.amp.html
They need storage and the US isn’t buying.