Non-HYP aspects of Shell 1st Qtr Results and reduced dividend announcement.

[jackdaww]

Moderator Message:
This thread is for handling RDSB discussion that is off-topic where it originated (as loosely defined by the HYP-Practical guidelines). - Chris

after 20 years , i have sold all my RDSB today.

the dividends have been good , but holding on to high yielding stocks regardless of declining capital value makes no sense to me .

they may be worth buying at a much lower price.

next to go will be the tobaccos's.

i continue to hold and add to life insurance, pharma's and miners .

[Dod101]

after 20 years , i have sold all my RDSB today.

the dividends have been good , but holding on to high yielding stocks regardless of declining capital value makes no sense to me .

they may be worth buying at a much lower price.

next to go will be the tobaccos's.

i continue to hold and add to life insurance, pharma's and miners .

Not going to be much left. I already have too much in life insurance and I hold both of the big pharmas. Miners are very cyclical and have a lot riding on a China recovery. I need to keep the tobaccos. I will keep my Shell. At least they are still yielding something and unless there is a calamity (is this a calamity?) surely it is only up from here. HYP is dead for now at least.

Dod

[flyer61]

Well I got this one right...hoorah - sold this and BP yesterday as I cannot understand the markets at the moment. Will buy back in sub £10.

More Philip Morris and BAT for income otherwise keeping the cash levels up.

[dealtn]

Will buy back in sub £10.

Based on what is currently known, or because that is a price anchor for you? If the price drops further to that level is it not likely that the market will know more about the future prospects, in which case won't you be reassessing what that future might look like rather than buying?

[flyer61]

Dealtn,

you are right. I probably should have said i will look again when sub £10 and re evaluate based on the situation then.

[spasmodicus]

Dealtn,

you are right. I probably should have said i will look again when sub £10 and re evaluate based on the situation then.

you could have bought at around 960p around 18th March this year. Now that the 1st quarter divi has been reduced to 16c, it begs the question of when and whether it might be restored. Assuming the divi payouts remain the same for the next 3 quarters, at today's share price of 1205p the yield is about 100*16*4/(1.26*1205) price of 1205p or about 4.2%. From an HYP point of view, I wonder what other companies will be able to maintain such a forward yield under the present circumstances. At the beginning of this year, RDSB was around 2000p, with the oil price (Brent 3 month contract) at $60ish. When it fell below $40 in early March, RDSB fell to about 1300p, not far off where it is now. From a non-HYP point of view, there is the possibility that the Brent oil price might recover to $40 by the end of the year or even $60 and with it Shell's share price. Or sooner, or later or never. I've had a modest holding of RDSB for years and have mostly ignored the SP and collected the divis, thank you very much. Now it has joined the likes of PMO and TLW in the speculation department. How are the mighty fallen.

regards,
S

(edited to correct typo in SP)

[dspp]

Good Reuters piece on Shell divi cut here
https://www.reuters.com/article/us-shel ... SKBN22C0TK
- dspp

[jackdaww]

Moderator Message:
This thread is for handling RDSB discussion that is off-topic where it originated (as loosely defined by the HYP-Practical guidelines). - Chris

after 20 years , i have sold all my RDSB today.

the dividends have been good , but holding on to high yielding stocks regardless of declining capital value makes no sense to me .

they may be worth buying at a much lower price.

next to go will be the tobaccos's.

i continue to hold and add to life insurance, pharma's and miners .

===========================

my tobaccos have also gone now.