Let’s blow 5K on BP Shares

Thrugelmir

Dave101t wrote: »

im in p at 299p, and 356p, avg 345p. they are going up, they will reach the 'dizzying(!)' heights of before, they already said when the dividend is being reinstated.
bp is not a gamble.

Be very difficult as the Company is selling assets to fund its liabilities created by the disaster. Also BP may well be barred from exploration in US coastal waters for a period of time.

Look at the FTSE 30 constituents in 1990 and see how many are in existance today. Companies like empires rise and fall.

Thrugelmir

kittie wrote: »

spread it around into different risk factors. I just added to a pib at over 8% current yield, tax free into a sipp basket.

Gamble??? do your homework and take gamble out of the equation. It is the quickest way to decimate your pot of money

Or buy Corporate bonds in an ISA wrapper, as the interest is paid gross.

Oldbiggles

If you are intent on taking a gamble on BP shares. Then you must be also be prepared to stay in for quite a long time, as they will undoubtedly need years to recover.
It seems logical therefore to insist on a share certificate rather than buying the shares into a managed portfolio. That way you monitor the share yourself and pay no annual or management charges.

Old_Slaphead

Oldbiggles wrote: »

If you are intent on taking a gamble on BP shares. Then you must be also be prepared to stay in for quite a long time, as they will undoubtedly need years to recover.

If the market is efficient (as we are told it is) then all known factors will have been taken into account in establishing the current share price. With that in mind the shares have just as much chance of rising as falling - otherwise the short sellers would be having a field day (which, in itself, would have effected the market price).

ninky_2

maybe i'm being soft but doesn't the thought of buying shares in a company that has wreaked such environmental catastrophe make you feel the tiniest bit uncomfortable?

Reaper

DiggerUK wrote: »

Speaking of Germany, I am of the opinion that the recent "best growth figures in decades" don't pass the smell test.

A bit off topic but an interesting one. While the figures are clearly a spike which won't carry on at that rate I do think Germany has benefited greatly from the Euro despite all their moaning.

If they still had the Mark their currency would have risen as their balance of payments improved making exports more expensive, imports cheaper, and so some equilibrium would have been restored.

Instead the weak countries in Europe have kept the Euro low. Bad news for German holidaymakers and people buying imports but fantastic news for exporters, and remember Germany is the world's 2nd biggest exporter (only very recently pipped at the post by China) so that is important. You could say both Chinese and German exporters have benefited from a form of currency manipulation that has kept their currencies artificially low.

It is, of course, very bad news for the weak countries in Europe whose currency can not automatically devalue and solve some of their problems.

As I said only a month ago in another thread "I think the Euro will survive and German exporters will benefit from a low Euro even if economies are wobbly."

So no, I don't think it smells fishy.

bendix

ninky wrote: »

maybe i'm being soft but doesn't the thought of buying shares in a company that has wreaked such environmental catastrophe make you feel the tiniest bit uncomfortable?

Oh for the love of God.

How do you sleep at night?

The same company that is coming under the cosh for lovely Obama-esque political reasons for causing this catastrophe (obviously on purpose, cos their evil) is also spending more money than the entire US government on making alternative power sources a reality, thus reducing the earth's dependance on fossil fuels in favour of solar and wind / wave.

Get your blinkers off.

cardsharps

hodd wrote: »

. I think my 5K of BP shares can only grow in that time.

.

If this were true then people who are alot cleverer than you (i.e. almost everyone) would be snapping up the shares with great haste. They aren't.

And if the shares are such a good bet then why didn't you buy them when they were only £3 brainbox?

jamesd

ninky wrote: »

maybe i'm being soft but doesn't the thought of buying shares in a company that has wreaked such environmental catastrophe make you feel the tiniest bit uncomfortable?

What environmental catastrophe? Where's the oil now? Where will it be a year from now? Five years from now?

It's a commercial problem for BP and for those suffering as a result of things like the US government's decision to suspend much oil work in the area but that's a very different thing from an environmental catastrophe.

If it had been in cold water things could have been very different, with far less evaporation and dispersal of the oil.

hodd

cardsharps wrote: »

If this were true then people who are alot cleverer than you (i.e. almost everyone) would be snapping up the shares with great haste. They aren't.

And if the shares are such a good bet then why didn't you buy them when they were only £3 brainbox?

Did someone get out of bed....

I might buy some more just to wind you up.