July 5

Is the FTSE 100’s BP now an unmissable bargain share?

first_imgIs the FTSE 100’s BP now an unmissable bargain share? With the share price at around 299p, oil giant BP (LSE: BP) is below the 18-year low around 305p it hit in 2010. Back then, it took the oil-spill disaster in the Gulf of Mexico to sink the stock. This time, it’s the Covid-19 pandemic and the collapse of demand for oil. Is BP now an unmissable bargain share?Why BP could be a brilliant bargain shareYesterday’s half-year results report contained some dire figures. But the prominent one for me related to the directors’ decision on the shareholder dividend. They cut the second-quarter dividend in half compared to the previous quarter. And that’s to be the new normal. BP has reset the ongoing quarterly dividend to 5.25 cents per share per quarter.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…There’s no sugaring the pill. The directors’ decisions about dividends in any company speak volumes about their views on current trading and the outlook. By that measure, things are probably around half as good as they used to be for BP. The company faces a new set of challenges. And the main one is that the oil business isn’t as lucrative as it once was. The future is uncertain and BP wants to change course.Chief executive Bernard Looney explained in the report the poor trading results were caused by a challenging quarter and the “deliberate steps” being taken to “reimagine energy and reinvent BP”. Looking ahead though, the company plans to return at least 60% of surplus cash to shareholders through share buybacks. But that will only happen after the balance sheet has been “deleveraged”.  I reckon the resetting of the dividend is a good base for the company to build its plans upon. I’m tempted to buy some of the shares now to hold as BP executes its transformation plans in the years ahead.Exciting plans to transform the businessIn a separate announcement yesterday, BP explained it aims to reshape its business. The plan is to transition from being an international oil company to an integrated energy one, focused on delivering solutions for customers. This is big news. In a world pushing for low-carbon energy solutions, it seems that BP sees the writing on the wall for its traditional oil business.The firm has set out its vision saying it aims to increase annual low-carbon investment 10-fold to around $5bn a year “within 10 years”. The plan is to invest in renewables, bioenergy, hydrogen and Carbon Capture, Utilisation & Storage (CCUS). By 2030, BP aims to have developed around 50GW of net renewable generating capacity. And that works out at a 20-fold increase from 2019.The directors reckon ‘ oil & gas production will reduce over that 10-year period by around 40% from the level achieved in 2019. By then, they expect the remaining hydrocarbon portfolio to be more cost and carbon “resilient”. To me, this is exciting change to look forward to. And I’d buy some of the shares now and hold for the ride. While I’m waiting, with the shares at 299p, the ongoing dividend is yielding just over 5%. Enter Your Email Address Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Click here to claim your free copy of this special investing report now! Kevin Godbold has no position in any share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Kevin Godbold | Wednesday, 5th August, 2020 | More on: BP Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee.center_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. 5 Stocks For Trying To Build Wealth After 50 Image source: Getty Images. See all posts by Kevin Godboldlast_img read more

May 31

FHFA Raises Awareness for Principal Reduction

first_img Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago October 4, 2016 1,681 Views in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / FHFA Raises Awareness for Principal Reduction Related Articles  Print This Post About Author: Kendall Baer FHFA Raises Awareness for Principal Reduction Share Save Servicers Navigate the Post-Pandemic World 2 days ago Check your Twitter, check your LinkedIn because the Federal Housing Finance Agency is launching a social media campaign to raise awareness for principal reduction modification being offered by the GSEs to certain borrowers who are still struggling in the aftermath of the financial crisis.The agency is targeting at-risk homeowners saying “If you are eligible, a principal reduction modification could help you avoid foreclosure and stay in your home by reducing your monthly payment amount and the amount you owe on your mortgage.”Borrowers may be eligible if their loans are owned or guaranteed by Fannie Mae or Freddie Mac, they were 90 days or more delinquent on their mortgage payments and have an outstanding unpaid principal balance of $250,000 or less as of March 1, 2016, they owe more than 115 percent of what their house is worth, and of course own and live in their home.FHFA undertook an extensive evaluation in order to determine whether there was a need to implement a Principal Reduction Modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac. The agency’s objective was to develop a program that helped targeted borrowers avoid foreclosure while also adhering to FHFA’s mandate to preserve and conserve the assets of the GSEs. After this evaluation, the one-time Principal Reduction Modification program was announced on April 14, 2016 specifically for the eligible population expected to be approximately 33,000 borrowers.This program’s goal was to give seriously delinquent, underwater borrowers a last opportunity to avoid foreclosure while also addressing negative equity remaining from the financial crisis. FHFA has determined that loan servicers must solicit all borrowers eligible for the Principal Reduction Modification starting no later than October 15, 2016.With this social media campaign, FHFA hopes to make these borrowers aware of not just the program itself but the letters from servicers that will be sent to them. Along with promoting helpful information about the program, the agency also gives borrowers examples of these letters to insure the letters they receive will be opened and responded to quickly. To accept, borrowers have to make three on-time payments and sign the acceptance letter. The last day servicers can offer eligible borrowers this Principal Reduction Modification is December 31, 2016.To learn more about the Principal Reduction Modification program, click HERE. Fannie Mae FHFA Freddie Mac Principal Reduction Modification 2016-10-04 Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Fannie Mae FHFA Freddie Mac Principal Reduction Modification Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: The Bigger Picture of Housing Counseling Next: Drilling Down Into Foreclosure Data Sign up for DS News Daily Subscribelast_img read more

May 25

Over 3,000 homes & businesses without power in Newtowncunningham

first_img Loganair’s new Derry – Liverpool air service takes off from CODA Twitter Important message for people attending LUH’s INR clinic Pinterest Homepage BannerNews By News Highland – June 18, 2019 Twitter WhatsApp WhatsApp Facebook Over 3,000 homes and businesses are currently without power in the Newtowncunningham area.ESB are aware of the outage with a repair crew tasked to the scene.Power is expected to be restored later this morning. Harps come back to win in Waterford center_img Google+ Google+ Previous articleInvestigations continuing after man dies in quad bike crashNext articleJoule Donegal Rally – R5 challenge for Champions Kelly & Barrett News Highland News, Sport and Obituaries on Monday May 24th Facebook DL Debate – 24/05/21 Over 3,000 homes & businesses without power in Newtowncunningham Pinterest Arranmore progress and potential flagged as population grows RELATED ARTICLESMORE FROM AUTHORlast_img read more

September 28

Brisbane unit market still suffering from ‘oversupply hangover’: REIQ

first_img Apartment buildings are seen in the Brisbane suburb of South Brisbane. Image: AAP/Darren England.But the REIQ said owner-occupier designed units were finding appeal with buyers — helping to bolster the overall status of the attached housing sector.The annual median unit price in the Brisbane local government area fell 2.2 cent to $440,000 in the 12 months to June 2019.The top suburb for unit price growth during the June quarter was South Brisbane, where the median unit price rose nearly 16 per cent.This was followed by Hamilton and Morningside. Top suburbs for unit price growth in Brisbane LGA – June 2019. Source: REIQ.The unit sector across Greater Brisbane generally underperformed, according to the analysis. While Ipswich held steady, Logan saw median unit prices fall 7.9 per cent, while Redland was down seven per cent. Moreton Bay’s annual unit median price also dropped 5.6 per cent, despite the standout performance from Redcliffe. Top suburbs for unit price growth in Brisbane LGA – June 2019. Source: REIQ. (Only two qualified because they had the required 19 sales) The annual median unit price in Brisbane LGA fell 2.2% to $440,000. Image: AAP/Darren England.Clinton Viertel of Belle Property – Redcliffe said the unit market in the area had been undervalued for many years, but buyers were now starting realise its potential.Mr Viertel said a lot of baby boomers were selling their houses and downsizing to apartments on the Redcliffe Peninsula, along with interstate investors. “People who bought off-the-plan three or four years ago are rolling their investments into other new apartments on the Peninsula and buying off the plan again — realising the profit they’ve made,” Mr Viertel said.“I’ve seen lots of investors from Sydney who’ve earmarked the Peninsula market as being underpriced.”Mr Viertel is selling a penthouse at 20/75 Sutton St, Redcliffe, for offers over $599,000. The view from the unit at 20/75 Sutton St, Redcliffe, which is for sale. This unit at 20/75 Sutton St, Redcliffe, is for sale for offers over $599,000.He said the property had four balconies — all boasting views — and the only potential downside was that it was next door to a vacant block.“For that price point, it delivers significant value,” he said.REIQ CEO Antonia Mercorella said Logan’s unit market looked particularly challenging for sellers, although supply was being absorbed and the amount of discounting required by sellers was small. Logan saw an 18.4 per cent decline in total unit listing numbers for 2019, while its stock on market result fell 3.4 per cent. But in good news for investors, the unit rental market continues to perform well.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoThe overall Brisbane LGA vacancy rate sits at a reasonable 2.8 per cent for the June quarter — just above the previous quarter’s 2.5 per cent outcome. MORE: RBA rate cut expected within days Brisbane’s unit market is still suffering from an ‘oversupply hangover’, according to the REIQ. Photo: Nicholas Falconer.BRISBANE’S unit market is still recovering from “an oversupply hangover”, according to the Real Estate Institute of Queensland — particularly in the investor sector. But the pain is easing, with many industry professionals noting that the units still available for sale in the city are gradually being absorbed.The latest REIQ Market Monitor reveals that while unit prices have stabilised, they remain in the softening sector of the market cycle.But one Greater Brisbane suburb bucked the trend, with Redcliffe on Brisbane’s bayside recording a whopping 38 per cent jump in its median unit price in the three months to the end of June. RELATED: Why build to rent is booming The gross rental yield for units in Brisbane is 3.4 per cent, according to the REIQ. Image: AAP/Darren England.This continues the run of sub-three per cent quarterly vacancy rates since June 2018.The Brisbane LGA median rent for a two-bedroom unit rose $10 a week from the previous quarter to $420 a week.The detached housing gross rental yield of 3.4 per cent was down just 0.1 per cent on last quarter’s result.REIQ CEO Antonia Mercorella said people who had bought an apartment as an investment in recent years would be wise to hold on to them.“In the long run, they will prove to be a terrific investment,” Ms Mercorella said.She said there was increasing evidence that more people were embracing apartment living in Brisbane. “Particularly in this day and age, when we’re looking for low maintenance living and something you can just lock up and go,” she said. Brisbane’s rental market continues to remain healthy, according to the REIQ. Image: AAP/Lukas Coch.Unit rental yields stayed steady in the June quarter across Greater Brisbane, ranging from 4.3 per cent to 6.5 per cent.Median annual rents for outer Brisbane units ranged from $255 per week in Ipswich to $365 per week in Redland.Interestingly, it was those locations beyond the 20km radius that saw the tightest outcome with the combined outer Brisbane regions of Ipswich, Logan, Moreton Bay, and Redland recording a two per cent vacancy.last_img read more