Bp Share Discussion Threads

[wllmherk] 19/8/2015 12:32

boring, but, successful mjb2

[mjb2] 19/8/2015 12:29

mbthedude - Read this thread every day but rarely post.You’ve got to do what you think is right and follow your own reasoning. As wllmherk says it has happened before and yes, in all probability the share price will recover..only when is the question. I’ve been trading bp for nearly 30 years and yes, I’ve seen it all before. In fact most of my portfolio-if you can call it that — is in bp. I always hold a little amount and buy and sell more as conditions allow. If the price is too low, I just sit back and take the dividend as it becomes due. But I must admit my hairiest moment was Gulf of Mexico and I just held tight. Some people may find my method boring but each to their own!

[wllmherk] 19/8/2015 12:27

1966, 1973, 1987, 1994, 2001, 2008.........each and every time the stock market recovers. Its a cycle, unless your investment is going bust then surely it makes sense to hold, await the recovery and collect the dividends ?

I'm with finkie, this is an opportunity to buy a quality stock on the cheap. I dont hold BP at the moment but, I do hold a lot of RDSB, underwater a lot, but, picking up a 6% yield whilst I wait.

wllm

[bracke] 19/8/2015 12:23

Good day optomistic

As you are well aware I trade by charts but with an eye to fundamentals.

The BP yield is shown as 6.85 which is very attractive and must surely entice buyers. Buying is likely to result in a higher share price and therefore bring the yield down to a more normal level. BUT the concern is that the low oil price is here to stay for some time which will affect BP profits resulting in divi reduction and lower yield.

At some point the trend will change but I suspect that the rise will be limited.

I reckon this post may increase the record for 'thumbs down'.

[optomistic] 19/8/2015 11:51

Been in a downtrend from April, the trend will change but the big money question is when?

[mbthedude] 19/8/2015 11:28

2015 is the next year in this pattern.

1966, 1973, 1980, 1987, 1994, 2001, 2008. Each and every one of them has been a year of huge stock market losses or global depression and as our resident chartists are keen to point out, History always repeats itself.

[oneillshaun] 19/8/2015 11:26

i don't see it hitting 300p but 350p for sure within the next week or so.

[finkie] 19/8/2015 11:08

I have been buying at 420, 390 incl last divi and 370 I will hold plenty at a fair average but this is one you need to give some time to and relax on, you might not see 350 or if you do someone will be screaming 300p so you may not trade; then you wake up to find another oil major has chanced their arm at a 500p bid.....all the time though you are being well paid for holding that's my personal view. Probably one that can only be tested in 9-12 months time really happy to eat humble pie if its 300p and the divi has been slaughtered, but I don't see it so have made my plays accordingly.

cheers

[bracke] 19/8/2015 11:04

Good day Penycae

You'r a glutton for punishment. You buy BP and then follow it up with a very hot curry. Will you never learn................or perhaps the curry was a form of masochistic penance.

[mbthedude] 19/8/2015 10:43

finkie, I don't think you read my full post, or alternately you don't think the price is going to drop any further.

penny taking BP in isolation I could agree with you however I am looking at the global picture which is why I think everything is going for a haircut

I'm not giving anybody financial advice I just posted what I had done and why.

[oneillshaun] 19/8/2015 10:23

Finkie- those are the words of man that bought at the top and didn't want to sell, the drop has out stripped the 7% gain you are talking about, i think mbthedude makes a lot of sense take a hit now and but back at 350p and benefit from the divi and future rice increase.

[penycae] 19/8/2015 10:22

Morning all.



Sorry to see some capitulation here. Price just being driven to an "acceptable" level so that the boys can load up. Watch what happens around 362. If it stabilises around there, I'm in for another 10,000 on CFD. This is becoming something of a special situation, as is HSBA. Not for the faint hearted, and remember, I get all my advice from a monkey.
Had a good result for Mrs. P yesterday on the day job - nothing to do with shares. She took me out for a curry at a very good Indian to celebrate (I know, I'm cheap). I bought one off the menu. Can't remember what it was, but it was one of the hottest I've ever had. Got a touch of the Johnny Cash's this morning, which along with the big dip in the share price here, has had a somewhat dramatic affect on the old concentration.

Trade well and prosper Earthlings.....

[finkie] 19/8/2015 10:06

mbthedude poor decision in my view, you are getting 6-7% per annum for sitting waiting which will assist your loss over time. I am buying a lot of BP at the moment happy with 7% yield and now their exposure is capped regarding the spill they will recover as will the price of oil as will interest rates etc everything ultimately goes back to a more normal position, this is a rare opportunity to buy quality cheap in my view.....holding for perhaps 2-3 years though don't look daily its a killer.

[buywell3] 19/8/2015 09:59

It has taken a long time and much fence sitting

But the market in BP. is finally waking up to the OIL price falling


advfn have BP. net debt shown as


Net Debt £91,091.17 MILLIONS ie over £91 Billion



Net Debt

Net Debt, is defined as total liabilities minus cash & equivalents. The formula is the following and the figures are expressed in millions:

= total liabilities - cash & equivalents

[stevenrevell] 19/8/2015 09:34

3.50 cuming ere

[visa33] 19/8/2015 07:17

...well certainly beginning 2 look that way from this am's opening hellscream

'..is this a (falling) dagger i see before me...'
(can't remember the rest from my GCSE...)

[mbthedude] 19/8/2015 07:14

wllmherk

I do plan to buy back in most likely in October this year. But if the price has dropped 20 or 30% by then I will be purchasing 20 or 30% more shares for the same amount of money. Have always held these as a DRIP so it's been about the additional free shares every 3 months which sees the investment grow rather than just making cash on trading.

[hellscream] 19/8/2015 02:43

end of the world yet visa33?

[visa33] 18/8/2015 19:31

I quite agree MBT; the ‘stuff’ coming down the rails…China, Putin, Greece, US-QE-pay back, interest-rate reversal…got to be a whole lot more ‘consolidation’ before the double-dip-doubles… and safe to go back in the water:-

(To sleep, perchance to dream, to dream whilst 297 again becomes;
Aye, there's the rub, whenst all this troubled journey b’cometh from...
And those there are of fragile nature who hide behind sofa at mere mention of such numeral…)

[wllmherk] 18/8/2015 19:31

you will regret selling mbthedude.......these will recover, this year or next. Seen it all before.

wllm

[mbthedude] 18/8/2015 17:46

Sold the remaining 50% of my stake today and realised a 15% loss, I realised I was way to enthusiastic buying around the 430s and it feels like I am watching a car crash in slow motion right now. My personal opinion is this is going to tread water or slowly decline into mid September when things will get a whole lot worse.

I decided its better to sit things out and buy back in when I feel comfortable the carnage is over instead of sitting on a massive loss just waiting for it to recover. Each to their own however DYOR

[bracke] 18/8/2015 17:29

He obviously traded BP.

[visa33] 18/8/2015 17:18

To dip, or double-dip, that is the question:
Whether 'tis nobler in the mind to suffer
The swings and sorrows of outrageous mis-fortune,
Or to take losses against a black Gulf of troubles,
And by opposing, end them: to cash in remains, and to sleep,
‘till chance betwixt us that we may once again come this Fall,
And re-join, as 60 moons ago, the gentler figure of beloved ‘297’

Ohhh, he knew a thing or two, didn’t he…?

[bracke] 18/8/2015 16:38

Perhaps a dram will be permitted once you have made a profit from your BP shares.

In the meantime stick to the Lidl blended.

[optomistic] 18/8/2015 16:30

Today I have resisted the temptation to add, had single malt been on hand it could have been different! LOL