Spain Fund
29 Jan 2016
Sold Out yesterday and put into Vodafone who were well down but good today. Think I would have taken default option but decided to get out. Already have BP so still in oil.Good luck
axolotl
29 Jan 2016
related matters For the sake of completeness in this erudite discourse mention should not be omitted of the refrain beloved of Wadham College rowers in the late sixties:"Be I Hampshire? Be I buggery!I comes up from FarehamWhere all the wh*res wear calico drawersAnd I knows how to tear 'em"
axolotl
29 Jan 2016
Re: difference w h o r e ' s d r a w e r s(the subterfuges I am driven to, to get past this website's censor)
Ripley94
29 Jan 2016
Mix and Match I have BG. any views if better to just take default option .Or take one of other options.
axolotl
29 Jan 2016
Re: difference That one should be whоre's drawers (for poetic rhyming reasons)
shovelier
29 Jan 2016
Re: difference I thought the saying usually referred to the tart's drawers.
axolotl
29 Jan 2016
Re: difference I don't think it's the bride's nightie that goes up and down. It's the groom's dong.
domodell
28 Jan 2016
Re: difference Apparently the Ruskies are talking to Opec regarding cutting production and if the rumour is true then we will in the near term see a jump of some description. Good point to exit I thinks. Yes oil is the craziest market and who on Earth would want to dig it out of the ground when it could fetch $10 or $150.00?? how do you run a business based on those volatile prices??I am mightly impressed the Big oilers make as much as they do but then again I'm not an oilman.I suppose the question to ask is how far can Shell recover their share price? I guess I might miss out on a lot of upside . The big "ifs" are,as always, out there and noone can really answer that.Wither the world economy, China , Brexit, Emerging markets in debt and going bust, especially oilers: Some of them quite soon as the IMF are dashing to Azerbaijan already apparently!I suppose Shell could ride all this out serenely and the top man ,big Ben seems the kind of guy to do it.You've been long Shell and played a blinder switching to BG at the right time. I have got burnt with oil before (metaphorically!) with BP's Macondo tragedy and steep share price drop, so not sure about the need to hold onto oil shares long term. Just came in and out of BG to catch the upside which seems to have worked out so far.
LK Hyman
28 Jan 2016
Re: difference Domodell,"I'm going to hold my new Shell shares for a while but only if the oil price starts to creep back up again and we lose this crazy volatility and it finds a new normal"So, if oil falls, you'll sell your Shell shares? You risk selling at or near the bottom, don't you?Anyhoo, there is no new normal and there never has been. If you look at a chart of the oil price over the last 50 years it's up and down like a bride's nightie. People pontificate about what might happen but no-one ... no-one ... gets it consistently right.LKH on the flybridge
domodell
28 Jan 2016
Re: difference I'm presuming that some of the 0.5% who voted against were for BG hunkering it out and waiting for the oil price to recover (BIG IF!) by which logic today's value could look cheap; bearing in mind Shell's offer has set a benchmark price of over £10. All very alternative universe and not remotely likely anyway!!Most think it a good decision to succumb to Shell's very generous offer in a world of frighteningly low oil prices.I'm going to hold my new Shell shares for a while but only if the oil price starts to creep back up again and we lose this crazy volatility and it finds a new normal, higher than $30. (around $45-55 perhaps??)
LK Hyman
28 Jan 2016
Re: difference Domodell,"those who thought the deal too cheap were in the minority."Too cheap? Too dear, surely?LKH etc
LK Hyman
28 Jan 2016
Re: difference Pms01,"seems a lot of work for £40 quid? enlighten me?"What you are doing is comparing the value of your BG shares today with the value that you will get if they were transformed into cash and Shell shares today. Obviously that doesn't show a profit because all that has happened is that the arbitrage opportunity has disappeared today (and, more so, yesterday).The profit opportunity was out there for you to take months ago, when you could have taken a punt on the deal completing, and switched out of Shell and into BP when the arbitrage profit (assuming completion) ranged up to 18%. You could have made even more money by shorting Shell and going simultaneously long on BG, betting on the spread to widen.However you still have an opportunity to make money ... by hanging on to your Shell shares and betting on them being near the bottom now.Chust don't blame me if it all goes pear-shaped!LKH on the flybridge
domodell
28 Jan 2016
Re: difference pms01- Surely they are "worth" £10,415 BECAUSE of the Shell take over, otherwise alongside all the other oil and resource socks BG shares would have tanked to well below £10.40 pence, hence you only "realise" the profit as a paltry £40 quid. Today's price is a result of the abitrage and therefore is a reflection of the deal coming in the next couple of weeks. You could sell toady (not now actually too late!) and it would be the same as the deal except the deal gives you RDSB and it's forthcoming divi of approx .47 cents per share. Upt o you what you do??if you think that BG has value beyond the offer that Shell suggested then that's a different story but all parties agreed with Shell so those who thought the deal too cheap were in the minority.
pms01
28 Jan 2016
difference i have 1000 bg shares, currently worth £10,415 at 1041new shell shares, 445 will give me £ 6628 plus cash at £3830 = £ 10458.so i make about £40 quid? no financial wizard but, seems a lot of work for £40 quid? enlighten me?
Yee Wo
28 Jan 2016
They've gone! Just logged into my HSBC InvestDirect ISA and my BG shares have gone! Read HongkongBank's letter of 22 January and this is to be expected. Phew........FWIW I have opted for : Option 5 : Max 'B' Shares with Cash (if max share offer is scaled back)As things stand my soirée into BG is 4.67% up since 15 Sep 15. A large slug of RDSB is needed in my portfolio for at least 18 months as:-a) The RDSB dividend seems secure and as my largest holding StanChart has totally stopped their payout RDSB's quarterly payout will be very useful indeed. b) Hopefully The Oil Price will assist RDSB's SP upwards over the next two years. I will then, hopefully, be able to top-slice my RDSB holding and continue to enjoy a nice progressive dividend from a small amount of my invested capital."You can be Sure of Shell" - let's Hope, GLA!!!
