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BIg
''You are defeating your own argument.BP ae making cash hand over fist but the sp refuses to climb.''
I am NOT defeating my own argument.
it is ultimately determined by profitability.
The market determines the valuation of a company on a daily basis.
If you believe that a companies profitability is not reflected in the share price, then that is the sort of company that you could consider to buy.
It is due to the level of profitability that I am not selling any BP shares at the current level.
btw I bought some of my BP at just under 200p
'it is ultimately determined by profitability. ''You are defeating your own argument.BP ae making cash hand over fist but the sp refuses to climb.This is not all down to Rosneft. They have reduced their debt big time and bought back a huge pile of shares.You say SSE will have more money to invest by cutting the divi so by using that if they cut the divi altogether they would have even more to play with.How do you think that would play out?.The fact that the sp is on a roll means diddly squat.Next week might be different And yes there is a sell button,is that your default position to any debate?
BIG
You and many other investors believe that a share price is determined by the level of a dividend. This is nonsense - it is ultimately determined by profitability. There are more ways to use profits than cash payments to shareholders.
IF you believe that a companies profitability is not reflected in the share price, then that is the sort of companies that you could consider to buy.
gav
just read - you now have free shares - I could have done the same but didn't sell a high enough percentage for that.
'''BP halved the divi and slaughtered the sp which has stayed there''
UNTRUE'' So if the divi was reinstated to it,s previous (unlikely) do you think the sp would stay down?.I am not here to pick a fight.I have been investing for 30 years and opinions are very subjective.
Gav
'' can certainly see the same drop happening to SSE''
if you or anyone else holds shares, there is a sell button
gav
''and it is not a surprise to me that the SP hasn't sustained above 400. ''
but nothing to do with a level of dividend. It has retreated due to the Russian investment.
Share price is about 50% higher since the dividend was cut.
Big
''just you pick the bits that suit you''
you asked what was untrue - i had to say for a second time - now again
'''BP halved the divi and slaughtered the sp which has stayed there''
UNTRUE
'''Why did you top slice today?,you must think it has run it,s course''
Why would I think that - if that was the case I would have sold 100%.
I don't have a crystal ball. Did you not read - top slice after having bought much lower.
'' I see no reason for the price to rise at all.''
Well it HAS - about £1.50p since future dividend cut was announced
LTI, just you pick the bits that suit you.Why did you top slice today?,you must think it has run it,s course.
Hi Longterm. I agree with Bigbad. There was loads of discussion on the BP board at the time and it is not a surprise to me that the SP hasn't sustained above 400. The SP there should be in the 600s 700s with a divi double what it is. I think we must agree to disagree or face a repeat of the same arguments from 2021. I can certainly see the same drop happening to SSE, especially with inflation high, as I said below.
Goldman Sachs raises SSE price target to 2,028 (1,936) pence - 'buy'
So no surprise that the SP could go so high with Goldman's recommendations and actions being the fuel of so many investor conspiracy theories. It could easily spike to 1800 or 1900, but IMO SSE will ultimately rest at levels reflecting it's yield.
I've completely top sliced here now selling last batch today at 1756 and will be keeping my free shares. Traded a few times here and held since 2020. Sticking to my plan as it was always to top slice at 1700.
LTI, just you pick the bits that suit you.Why did you top slice today?,you must think it has run it,s course.
BIG
You have a sell button
BIG
''''BP halved the divi and slaughtered the sp which has stayed there''
UNTRUE
Big
'' I see no reason for the price to rise at all.''
Well it HAS - about £1.50p since future dividend cut was announced
What part is untrue?. The reason for cutting the divi was valid at the time,but they are now making megabucks and the sp should be flying. It is down to the divi.
some at just under 1754p - top slice after having bought much lower - still hold lots.
Big
''BP halved the divi and slaughtered the sp which has stayed there''
Could you not make posts that are untrue.
we had a pandemic - oil went below Zero -oils were make Billions in losses.
BP share price as a result drastically dropped in price to below 200p at a time of lower dividend.
BP now at about 375p - WAY ABOVE THE PRICE AS AT THE TIME OF THE DIVIDEND CUT.
'Also SSE currently has debt of about £9 Billion.'' BP halved the divi and slaughtered the sp which has stayed there regardless of debt reduction or high crude price.
r1234
The reduction in dividends in 2024/5 is so that more money can be invested.
Also SSE currently has debt of about £9 Billion.
Since the announcement the share price has been increasing.
r1234
''What am I missing?''
a brain
I am wondering that myself.They have said they will rebase the divi to 60p in fy 2024 making the yield at present price approx. 3.5%. I see no reason for the price to rise at all.
If they cut the divi 25% from ~80p to 60p I'd expect to see the same happen to the share price, but the SP seems to be remaining strong. I'd value the share at about £12, What am I missing?
Well got that wrong... Missed out on 25p per share with my top slice. We'll see. Plenty of time before next div.
The issue I see with SSE moving forward is the yield becoming lower than inflation, especially with the lower dividend on the horizon no matter the prices of energy. Also SSE is currently seen as an income / value investment rather than a growth investment. (The same drop in SP could happen as has happened to BP, since they halved their dividend, despite the oil prices soaring. )
Anyone else take some profits in the blue sky moment today ?
SSE is one of my largest holdings but I top sliced a large chunk today at 1708 which I'm looking to buy back lower.
We'll see..
Cheers all and GL