Member Info for zac0_4

So what does your following statement mean?

" They must be considering a share buy back now with the low share price "

It makes me wonder where these brokers get their price targets from!

"You have to work every day on your portfolio imo with a keen eye. I moved a lot round the last week"

Never works for me. Simply hold onto what I have and add as and when.

7.4p

Jakers - my question was somewhat 'tongue in cheek! I mean, why stop at £7? Why not £8, £9 or even £10?

£7 is an absolute nonsense in my opinion. I'd be happy for it to get to £4.80 ish and hold it!

So you're saying the board of directors base their strategy for shareholder returns around the share price? I doubt that very much.

And do they give any indication as to when they expect this near 55% increase in the share price to come to fruition?

meoryou - how about looking at the dividend cut this way?

At the current level of dividend BP are paying about the same to shareholders as they were at the end of 2011. And that was after a dividend cut on the back of GoM oil spill.

Prior to that you have to go back to 2005 to see a comparable dividend to the one BP currently pay.

So, let's not beat about the bush, the dividend has been slashed!!

. . . has a silver lining. Or so they say! I also hold Shell and they have announced the sterling value today of the dividend payable on the 19th September. To my surprise it's around 8% higher than I was anticipating. All down to a weakening pound against the dollar. I'll be interested to see what's announced here over the next few days.

I wouldn't class lower defaults as "doing well"

"We have really had 15 days of drops on the FTSE in real terms, people say ok it's only 1 % today, now a lot of people have lost 25% since Jan sitting on their hands ! . . . "

The FTSE100 is down around 4% ytd. Plus dividends will have been received, so nowhere near your 25%!

"I think 6800 is coming in the FTSE we could easy see another 25% drop . . . "

A 25% drop in the FTSE100 would take us to 5,420. Which is it? 6,800 or 5,420?

Why should it do reasonably well when money is tight? A migration of consumers from Waitrose to the Co-Op doesn't alter the amount of rental income. Does it?

LeeRex - such as?

dimi123 - UK or Global market? And when in 2016 are you talking about?

"The fall continues.
Will bounce when all profit taking is finished I'd say."

An increase in the price of oil is what's needed. I shudder to think where the sp will be when things normalise and oil returns to around $65pb.

meoryou - i don't think I'll be investing any further here!

robleo - I'm in 5 at present. Henderson Far East Income (HFEL), Henderson High Income (HHI), Merchants Trust (MRCH), Greencoat UK Wind (UKW) and New City High Yield Fund Ltd (NCYF).

The Association of Investment Companies website is a useful resource for research purposes. (www.theaic.co.uk)

I re- invest the income from the dividends into Global Equity Funds, 3 at present, as this helps provide further diversification. Also, as the income is regular it helps in cost price averaging my purchases.

The 3 funds are: L&G International Index Acc, Blue Whale Equity Acc and Rathbone Global Opps Acc.

Good Luck.

I'd hardly call any of the comments I've made condescending or snide! They're just my opinion, and I'm entitled to that, even if we don't agree!

Gary59 - wise words. I've spent the last couple of years moving away from individual shares. I'm down to my last 3.

For dividends I now use investment trusts. For capital growth global equity funds. Invest on a 'little and often' basis over many, many years. Less risk and better returns to date.

SD235 - You borrow money at 2.35% for a (non-guaranteed) 4.35% return with the risk of your capital depreciating! So a nett annual return of 2.00%. Not for me.

I prefer to invest regularly with un-borrowed money. If you view it differently then fine.