Petrol prices hit a new high

Graham_Devon

FATBALLZ wrote: »

"Petrol prices have now hit an average of 121.7p a litre, although some garages are already charging this or more."

LOL, i remember somone once saying she didn't get it, as she'd never seen a petrol station charging .3, it's always .9 she innocently said

Snooze

MF2015 wrote: »

What gets me is today I went to fill up at the local Tesco in a small market town and it was 5p more than a station near my work in east London.

I'll be filling up there in future.

That's because Tesco are about to restart the 5ppl off with £50 of shopping scam again. And people fall for it every time....

:doh:

PasturesNew

Snooze wrote: »

That's because Tesco are about to restart the 5ppl off with £50 of shopping scam again. And people fall for it every time....

:doh:

Not me. Nearest Tesco, nearest Tesco petrol = 20 miles away.

tara747

Yay for higher petrol prices! I sure feel richer.

Really2

MF2015 wrote: »

84 mile round trip to main job 2-3 days a week, plus part time business on days off that involves traveling to customers in a 20 mile rural radius.

Then there is the 400 mile round trip to the parents, try to get there at least every 3 weeks but have been known to do the the trip 5 weekends in a row.

You need a teleportation system to be invented

Cleaver

PasturesNew wrote: »

Nice idea. Now, for us simple folk who have never owned a share, can we just walk through the maths? I used to wonder about doing this with water bills, so "how many shares would I need to buy to pay my water bill".

So, for petrol. I have to use Morrisons. So I found their dividend price.

http://www.morrisons.co.uk/corporate/investors/Shareholder-information/Dividend-history/

The numbers vary .... so then I figure I'll take the average dividend from the past 3 years, so (4.8+5.8+8.2)/3 = 6.26

I guess that means ... er, not sure. So, now I'll guess. I am guessing that means for every share I buy I'd get £6.26/year. (Is that right? Is that how it works?)

So, now to find out how much the shares are, which they give me... really out of my depth here now. http://www.morrisons.co.uk/corporate/investors/Detail-Share-Price/

Now, a share cost 270. £270? Or 270p? I'm guessing that's in pence.

So, if I buy a £2.70 share now, then in a year I'd get back £6.26. Is that right? No idea how any of this works. Hang on, no, that has to be maths fail. Some assumption's wrong, or maybe them all.

OK... it's best I stay as a non-share-owning type I guess... out of my depth. Lovely idea though.

I guess it might work/look right if a share is £270, which I dismissed earlier as nonsense. Maybe that's it.

So, buy one share at £270 and get back £6.26, which is 2.3%. So it'd be better to keep the money in a savings account at a higher rate.

I'm really not understanding this shares lark at all am I.

I'm no expert, so happy for someone to correct anything I get wrong.

Shares on the UK market are in pence, so one share in Morrisons is currently £2.70 (or 270p, as listed on the market).

As far as I can make out, Morrisons offer two dividends a year, one in December (the interim) and one in May (the final). You never know what you get with a dividend, but here is Morrisons for the last few years:

10/11/2003 0.55 Interim
24/05/2004 2.7 Final
06/12/2004 0.625 Interim
31/05/2005 3.075 Final
05/12/2005 0.625 Interim
30/05/2006 3.075 Final
13/11/2006 0.625 Interim
29/05/2007 3.375 Final
12/11/2007 0.675 Interim
06/06/2008 4.125 Final
10/11/2008 0.8 Interim
10/06/2009 5 Final
09/11/2009 1.08 Interim
09/06/2010 7.12 Final
08/11/2010 1.23 Interim

These are all in pence amounts. So, let's say Pastures invests £10,000 in Morrisons shares, which would currently buy you around 3700 shares.

These 3700 could stay the same, double over a period of time or even become worthless. You never know.

But looking at the dividend since 2004, Morrisons have paid an average of about 5p per share per year. Which means that for every share you own, Morrisons give you 5p.

Pastures buys 3700 shares for £10,000 so each year Morrisons will give her 5p per share (based on previous dividends), which is about £185 a year. You could look at this as a 1.85% return on your investment. But most people buy shares as they think they will increase in value, and often see dividends as just an added bonus.

I should point out that if you had invested your £10,000 in December 2004, when Morrisons' shares were 214p you would have bought 4627 shares and would now have a capital amount of around £12,620 today (presuming you didn't reinvest dividends). Your dividend payments would have brought in an income of £233 since 2004, so your original investment of £10,000 in December 2004 would be worth £12,852 now. This is a total increase of about 28.5% since 2004, or about 4.7% a year since 2004.

You generally have two choices as to what you do with dividends. You can either take the money as income, or request to have the money automatically invested, i.e. it buys more shares.

Happy to be corrected by anyone if I'm wrong. Hope this helps Pastures.

satchmeister

Fantastic news, it will be in the Express .

Petrol and House Prices SOAR.

AD9898_2

Take a glimpse at the future people (10 years), at the moment devaluation and tax rises are responsible, but peak oil passed in 2008 I'm afraid and supply is going to get tighter and tighter as we swing through to 2020. The world's enonomies depend on 'cheap oil', once again I'm afraid it's 'last orders at the bar' on this one too.

Apart from slowly rising prices everything looks quite normal at this time, but when the shift starts to come, it will snowball very quickly, going from normality to anarchy within weeks.

diable

!!!!!! I was looking at buying an X300 XJR but 12 mpg around London would hurt.............

MF2015

Really2 wrote: »

You need a teleportation system to be invented

Tell me about it, that's without the hobby of scuba diving that takes me all over the UK. Oban, Orkney isles, South coast...

But if we want to do these things we have to stump up, gone are the days when people would protest, well responsibly anyway. :cool: