flyer61 wrote: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)