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Unpleasant surprises gush from Royal Dutch Shell

Ian Cowie: Oops, many of my share clangers have now turned into catastrophes

Ian Cowie: The Sunday Times. Page 13 of Business&Money section. 

EXTRACTS

Because this column aims to report the rough as well as the smooth of stock market investment, it’s important to ‘fess up to my failures frequently. Also, let’s be honest, some of you enjoy my losers more than my winners.

Sad to say, the coronavirus crisis has blighted many businesses, and investors in them. Please don’t laugh, but several shares I dubbed “Cowie’s Clangers” in earlier reports — because their price fell by more than 10 per cent after I invested — could now be called “Cowie’s Catastrophes”.

Unpleasant surprises gush from Royal Dutch Shell, the oil giant whose dividend cut in April was its first since the Second World War. Fewer folk now say “never sell Shell” but I remain reluctant to swallow a 53 per cent capital loss when the price of Brent Crude sinks below $45 per barrel. 

FULL ARTICLE (PAYWALL)

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