Bp Share Discussion Threads

[skinny] 25/10/2013 11:47

25 October 2013 Last updated at 11:37

The Grangemouth petrochemical plant near Falkirk is to stay open after a new deal was struck with workers.

Staff were told in a mass meeting at 11:00 that the decision to close the site would be reversed.

[optomistic] 25/10/2013 11:27

christh, benefits of buybacks is just theory, if and when it does have some effect on the divi more than likely the divi increase will be more likely performance related...and of course it the divi becomes too large some reason will be found to reduce it (eg AV.& RSA of recent times) minor benefits of buy backs will be lost.
As you can see I am not a fan of buy backs, much prefer to see the 'spare' cash invested in new developments accompanied by some cash returns to shareholders if there is still a surplus.

[pineapple1] 25/10/2013 11:12

Think i'll register for scrip divis and just leave these to germinate for a few yrs in the SIPP.

[prambigear] 25/10/2013 11:09

christh #83631

I cannot imagine why you attribute those comments to me? Here is a full copy of the post that you claimed was mine. If you are going to ramp. Ramp away under your own avatar and leave me out of it:

"PramBigear 24 Oct'13 - 15:39 - 83622 of 83634 0 0 edit

There appears to have been a sudden and continued wave of selling, just over the last hour. Someone 'knows' something?"

[christh] 25/10/2013 11:07

optomistic 25 Oct'13 - 10:20 - 83632 of 83634

The technical terms PE and EPS will rise once they take a certain % of shares out of the market.
The reduction of the shares in the market will create a demand and this shortage will push the price higher.
Capitalisation will increase and it will eventually have less shares
at a much higher price.
It is worth for the company doing this as the cash in the bank will not pay much interest so this is a more effective way in realising your asset value.
Also the less shares available the higher the dividend for the existing shareholders.

Companies that I know have had a share Buyback program are BT, RIO etc.
long term is very beneficial.

[skinny] 25/10/2013 10:30

FWIW :-

Investec Hold 452.88 - 440.00 Retains

[skinny] 25/10/2013 10:25

BP PLC BP p.l.c. publishes provisional dividend dates :-



BP's third quarter results will be published on Tuesday 29 October at 0700 GMT followed by a webcast at 1400 GMT

[optomistic] 25/10/2013 10:20

christh
"The dividend off course will rise as the share buyback program continues."
---------------------------------------------------

But they have been buying shares back 'forever'

[christh] 25/10/2013 09:59

PramBigear 24 Oct'13 - 15:39 - 83622 of 83630

well, I am a buyer at these levels as the price should be around 550p-600p.
The yield is excellent at this price.
The dividend off course will rise as the share buyback program continues.
In a couple of years will pay around 30p dividend and the price could move to £6
provided the growth continues.

Short term rise to 485p.

[miata] 25/10/2013 09:14

Would love to see people just refusing to vote for the major parties stating "You have lied to us"

[mbthedude] 25/10/2013 08:30

Would love to see people just refusing to pay the Carbon Tax for flights etc. stating "You have lied to us Global Warming from man made Carbon emissions is a fallacy"

[veryniceperson] 24/10/2013 17:39

MIATA. Agree. But they can't live without those lovely Green Taxes. So global warming it is then.

[bracke] 24/10/2013 17:34

In that case someone is telling lies.

[miata] 24/10/2013 17:32

I think you will find the globe has been cooling for decades.

[bracke] 24/10/2013 17:12

It's all rather awkward. More oil available (Brazil and USA)which pushes down price but shouldn't use it because of global warming.

[miata] 24/10/2013 17:01

Ahem. In the US, oil futures extended their decline for a fourth day reflecting rising supplies and strong production in the US.

Nymex graph here:

[bracke] 24/10/2013 15:47

Just the usual volatility.

[prambigear] 24/10/2013 15:39

There appears to have been a sudden and continued wave of selling, just over the last hour. Someone 'knows' something?

[prambigear] 24/10/2013 15:36

and now a 'plunge'! Has O'bummer done something again?

[prambigear] 24/10/2013 15:24

It is an ART mate. Believe me.

[bracke] 24/10/2013 15:15

Forecasting like that must have taken years to achieve.

[prambigear] 24/10/2013 15:13

I may.... have spoken prematurely!

[bracke] 24/10/2013 15:10

Pram

Vitually to the minute you post and the share price falls!!

[prambigear] 24/10/2013 14:14

Well at least it looks like 452 is the new 442!