Soco Share Discussion Threads

[buywell2] 13/5/2019 14:57

Charts are the BEST tool for an investor

Thing is not many can read them correctly


How to make friends an influence people
nigelpm8 May '19 - 08:58 - 22625 of 22666

Haha. Mugs selling here at 66p with a 5p divi entitlement coming tomorrow. What a hoot.

[creditcrunchies] 12/5/2019 21:55

emptyend, charts are important for entry and exit points though. If you work out the support and resistance areas and combine with value metrics from the balance sheet you can use those funds to accumulate your pot for retirement. There is no denying once you get into high six figure sums in your pot you can just feed off of the dividends without really being concerned about capital gains unless of course they stop the dividend then you have a problem. At that point in the cycle you really need steady eddie defensives to preserve capital. With 500K you can retire in comfort just on dividends with 1M you can retire in relative luxury all with ease, plus you get a state pension for pocket money.

[nigelpm] 10/5/2019 12:27

Indeed - it was punishing - that is how desperate I got.

[cwa1] 10/5/2019 11:11

LOL, reading ADVFN boards for 5 hours? The UN would say that was an unusually cruel and unusual punishment I think :-)

[nigelpm] 10/5/2019 10:43

Lol. Yes it'll be a stopped one. Blame my stupidity on french air traffic controllers striking. 5 hours delayed flight with nothing much to do but read advfn boards.

[ammu12] 10/5/2019 09:40

Can see 50's at this rate

[cwa1] 10/5/2019 08:55

Only if the 24 hour clock is stopped...

[nigelpm] 10/5/2019 08:46

A 24 hour one :)

[emptyend] 10/5/2019 07:32

This is, of course, one of the main reasons why charts are utterly useless (except in helping to persuade the credulous, of course, which is clearly extremely important ;-))I've lost count of the dividends. Is it 92-3p total now?I made the decision some while ago that the pattern of dividends fitted well with my own retirement planning - and a substantial tax-free six figure sum has duly been delivered. Long may that continue :-)

[tournesol] 10/5/2019 07:28

Nigel

...a clock is always right at least once a day…

Really?

[stepone68] 09/5/2019 21:47

There's been over 90p in dividends buywell, so it's not really a 17 year low. More like 14 years, although your basic point stands :-)

[mickinvest] 09/5/2019 18:53

My thinking was with such a large fund selling out of a sector, it depresses the whole sector and not just the shares they are selling. Between that and the climate change lobby and E&P being a specialised area for funds, there doesn't seem much appetite across the sector (volume seems pretty low across the shares I've started watching in the last couple months) so I'm not going to grumble if I can pick up a great dividend and await a re-rating somewhere down the line. Before you pipe in Colin, I've not changed to a LTBH :-)

Mick

[dealer1972] 09/5/2019 17:59

Don't believe SIA was in the Norway fund Mick.

[mickinvest] 09/5/2019 17:40

Good to see a few old faces still surviving here, bought a few as happy Saudi's still in charge of where the oil price will go over the next few years and whole sector seems pretty unloved and undervalued, has Norway wealth fund selling been a factor towards the sector?

[gordogecks] 09/5/2019 17:22

Took a smallish position today myself Jotha2.

Let's see how it plays out.

[dealer1972] 09/5/2019 16:37

If you actually take the dividend into account SIA hasn't had a bad day today compared to most in the market. Trump still trying to push oil price lower but struggling to keep it under $70/ barrel even with all his shenanigans.

[jotoha2] 09/5/2019 13:05

Hope nobody listened to you and bought here , it's a ski slope with no view of the bottom , yikes what a dog of a share.

[nigelpm] 09/5/2019 12:37

I agree with that but not in this context. An 8% fall on volume looked totally out of place. Particularly as ex-divi used to be on Wednesday.

[nigelpm] 09/5/2019 12:26

Looked fairly substantive to me but no evidence to back it up.

[cwa1] 09/5/2019 12:17

No problem GrodoGecks, if that's how you see it that's absolutely fine.

[gordogecks] 09/5/2019 12:00

"I wondered if you had seen anything substantive?"

A 5p drop first thing is not that?
Indicates someone in a rush to sell a large block surely?

[cwa1] 09/5/2019 11:50

OK, I had wondered if you had seen anything substantive to it at all. Cheers.

[greyingsurfer] 09/5/2019 11:50

Those I worked with who knew more about statistics than I'd ever hope, or want, to, always drummed in that correlation is not the same as causality!