Bargain Hunt - Which shares do you have your eye on as they fall?

srcandas

coastline wrote: »

P/E of 6 for 2013 according to this...

http://uk.finance.yahoo.com/q/ae?s=LLOY.L

Obviously there is a down on the banking sector but this seems to being over played with LloydsTSB.

I recently went in at 29.5 and out at 32.5. Since then Greece has become more obviously self destructing and Spain nearer a rescue but hardly a big surprise.

I may have to have a nibble in the next two hours. Especially if there seems resistance at 26p

coastline

srcandas wrote: »

Obviously there is a down on the banking sector but this seems to being over played with LloydsTSB.

I recently went in at 29.5 and out at 32.5. Since then Greece has become more obviously self destructing and Spain nearer a rescue but hardly a big surprise.

I may have to have a nibble in the next two hours. Especially if there seems resistance at 26p

I have this open...apart from my broker I've got nothing live...but its very handy..

http://www.livecharts.co.uk/MarketCharts/futsee.php

Newbie2saving

mr_fishbulb wrote: »

I'm now thinking of BP. Around 390 now, which isn't too bad considering they were at 300 when people thought they were going to turn the worlds oceans black.

Someone else on here mentioned BP, and the investing sites such as Motley Fool, and Seeking Alpha have been ramping up their articles on it.

PE and Yield both just under 5.

Have you considered Shell? P/E of 7.2, yield 5.1 and they seem to pay consistently good dividends....

srcandas

I'm in at 26.25. Couldn't resist it.

They say the hardest think in share investing is selling. For me it is sitting out of the market. I can't stand it :j

coastline

srcandas wrote: »

I'm in at 26.25. Couldn't resist it.

They say the hardest think in share investing is selling. For me it is sitting out of the market. I can't stand it :j

its only money...you cant afford to be in...and you cant afford to be out....good luck...I bought a few ISF.L yesterday..;)

Glen_Clark

Newbie2saving wrote: »

Have you considered Shell? P/E of 7.2, yield 5.1 and they seem to pay consistently good dividends....

I guess Shell is more fashionable/expensive than BP because Shell has not had a major accident recently?
But that could change.

Reaper

IronWolf wrote: »

I think those Santanders are high yielding for a reason. Although Santander UK is separate, the Spanish arm has liquidity issues, and the first door it will come knocking at is its subsidiaries for more cash. High chance of those dividends being suspended imo.

Apparently it is considered "unlikely" the FSA would allow UK arm of Santander to be used to prop up the Spanish business.

If things get bad I can see more shares could be issued which would be dilutive, or bits of the business sold off at a poor price. For those reason I prefer the prefs. Not that I am buying those either (yet). I think they need to be cheaper yet to justify the risk.

Note even the UK arm got downgraded recently by rating agency Moody's, though it is still A2.

IronWolf

Reaper wrote: »

Apparently it is considered "unlikely" the FSA would allow UK arm of Santander to be used to prop up the Spanish business.

If things get bad I can see more shares could be issued which would be dilutive, or bits of the business sold off at a poor price. For those reason I prefer the prefs. Not that I am buying those either (yet). I think they need to be cheaper yet to justify the risk.

Note even the UK arm got downgraded recently by rating agency Moody's, though it is still A2.

I don't see what the FSA can do about it. Santander UK is wholly owned by Banco Santander and they can do whatever they want with the profits. I can't see them raiding the balance sheet, but if the parent needs money they first thing they'll do is cut the dividends of all their subsidiaries and use the cash to strengthen their balance sheet.

Reaper

I agree, they can do what they like with the profits and a dividend cut is therefore quite possible, likely even. It is only if the Spanish branch started grabbing UK assets that the FSA would step in.

EDIT: According to Martin's latest news item the only way Banco Santander can take money out of the UK arm is via a dividend. Is that true? If so surely it guarantees they have to keep paying the preference share holders or they can not withdraw anything?

gadgetmind

srcandas wrote: »

I'm in at 26.25. Couldn't resist it.

I also grabbed a few at the end of the day at just under 26p. I'm now holding LLOY at an average of just under 30p and have the intention of selling at around 50p, but might hold out for 70p. Dunno when though!