idontwanttolose
12 Feb 2016
Re: ROYAL DUTCH SHELL PLC - Court sancti... LK H are you still happy with your BG./RDSB share swap?
LK Hyman
12 Feb 2016
Re: ROYAL DUTCH SHELL PLC - Court sancti... LB Props,"Wonder if that will still go ahead with POO where it is"Indeed. Ben made quite a fuss about doing the buyback, as a means of mopping up the dilution from the issue of the new shares to buy BG, but Shell, like most companies, has always been pretty hopeless about buying back at the right time ... ie when them shares are cheap.In addition he's gonnae have to be pretty lucky to achieve his $30 billion of asset sales from within the combined Shell/BG portfolio without really cutting into the meat.It's a toss-up whether his ability to sustain the divi at at least $1.88 per share beyond 2016 (during which year Ben has all but guaranteed it) will be helped or hindered by a chunky buyback programme. Additional wet towel stuff comes from the question of whether the scrip divi programme will continue. That saves cash, sure, but it looks pretty desperate to buy back shares to eliminate the BG dilution while simultaneously increasing dilution by maintaining scrip divis.Personally, FWLIMBW, I think he should forget about the big buy back, maintain the scrip divi programme which I think I'm right in saying has attracted getting on for 40% of shareholders despite the scrip being in the form of the wretched A shares with their unattractive Dutch tax treatment ... unless you take scrip on scrip LOL.At least the shares are up a bit today ... thus far anyhoo.LKH on the flybridge I should coco
LB Props
11 Feb 2016
Re: ROYAL DUTCH SHELL PLC - Court sanctions ... Thank you. That answered my question before asking it!I also read recently that She'll were commencing a $25 billion share buy back from 2017 - 2020.Wonder if that will still go ahead with POO where it i
Wordbodger
11 Feb 2016
Re: Mix and Match Not so hasty, still another day's trading, and Crest Accounts have until closing tomorrow to make their Election. It will be tomorrow's trading which may establish the Mix price, which should still fall within the range previously discussed here.Even then, that will not tell us whether that will create a temporary overhang or shortage to be mopped up on Monday.I still think you should have made your choice based on whether you want RDS shares or not, and if you do you are probably (like me) long gone. That is the only way to be sure that all your BG proceeds (less dealing charges) buy RDS shares. Saving a small amount of commission was not worth the uncertainty, besides RDSB went as low as £14.07 today (cum-div, which equates about £13.75 ex-div). No, I didn't come back to gloat, sadly I paid too much for my RDS on Wednesday, and should have waited. C'est la vie, indeed.
Damp Seaweed
11 Feb 2016
Re: Mix and Match I think Ripley posted on RDSB bb that he was going for the cash option sometime last week.I suspect that in the short term it may well prove to be the wise choice.Unfortunately it's not the one that I went for. C'est la vie :
LK Hyman
11 Feb 2016
Re: Mix and Match Ripper,"Looks like i made correct choice today..."Erm, m8, you didn't say what your choice was .....LKH on the flybridge
Ripley94
11 Feb 2016
Re: Mix and Match Looks like i made correct choice today...when is the cash paid out ?
idontwanttolose
11 Feb 2016
ROYAL DUTCH SHELL PLC - Court sanctions Scheme of Arrangement For immediate releaseCourt sanctions Scheme of ArrangementThe Hague, February 11, 2016 - Royal Dutch Shell plc (“Shell”
notes today’s announcement by BG Group plc (“BG” confirming that the High Court of Justice of England and Wales has today sanctioned the scheme of arrangement (the “Scheme” to effect the Combination between Shell and BG.The Scheme remains subject to the delivery of the Court order to the Registrar of Companies and is expected to become effective on February 15, 2016.It is expected that dealings in BG Shares will be suspended with effect from 6.00 p.m. on February 12, 2016 and that the admission of BG Shares to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange will be cancelled with effect from 8.00 a.m. (London time) on February 15, 2016.It is expected that admission of the New Shell Shares to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange will occur with effect from 8.00 a.m. (London time) on February 15, 2016.The dates stated above are indicative only and depend, among other things, on the date on which the Court order is delivered to the Registrar of Companies. A further announcement will be made when the Scheme becomes effective.Capitalised terms used in this announcement, unless defined herein, have the same meanings as set out in the prospectus published by Shell on December 22, 2015.
gamesinvestor
11 Feb 2016
Re: I'm out! LK -- What % are you in oil now - or will be after this all completes?I estimate about 3.8% after stupidly buying some BP the other day.I'm not inclined to add to that at this stage.In fact once I've sold SabMiller - collected the BG Cash I'll by about 46-47% cash and then it's head scratching time because I'm finding it hard to find anything with real value.So far I've, thankfully, offloaded all funds; ETF's; bond funds; BATS; AZN; BT; BAE; ITRK; Unilever even (for the 2nd time); NGT.the only bank I have is a modest (and getting more modest by the day) holding in HSBA.I have no insurance companies, or retailers except Morrisons (he what he says?).kept, sadly a few RIO, BHP -- both total disasters.Still got DGE; ITV; GKN; GSK; RDSB; BP (joke); CHOO; AMS; TET; RMG (up your's Woody); RSW (too early); Smiths (too early); CIR; SNR; ARMI can't see too many I'd want to add to; although I think ARM is becoming very nicely priced.Perhaps Gold is now turning the corner after a 3 year slide perhaps-?Games
LK Hyman
11 Feb 2016
Re: I'm out! Games,"I THINK that, against the alternative of chust waiting for the deal to complete, I was very slightly ahead"Hmmmm. Looks as if that was then ... and this is now LOL.I should have waited until today .... or maybe tomorrow. Or (better still) I should have chust stayed away from Big Oil at this stage. Never mind, eh? I'm in Shell now, for better or worse, and I still have that last chunk of BG which, despite being elected for max Shell B shares, will indubitably provide summat close to £3.83 per BG share. I wonder if I will be brave enough to put THAT into Shell?LKH on the flybridge a sadder and a wiser man he rose the morrow mor
gamesinvestor
11 Feb 2016
Re: Where to put the cash? "Where to out the cash?"pics -- May I suggest your pocket there old chap, it seems as good a place as any right now!There will be some screaming buys at some point - could possibly say when!Games -- You might want to reconsider Lloyds before the housing market turns too hard - London investors are already selling up in swathes.
picstloup
10 Feb 2016
Where to put the cash? I've plumped for max shares in the pick 'n mix. I suspect that means I may get up to 0.5 RDSBs for each of my BG, and about £3 in cash, rather than the default of 0.4454 and £3.83.I don't think I want to spend the cash on Shell, or any other oil, for that matter (I've got BP and a few Chevron). Previously, I was roughly 50/50 Shell/BG; I dumped Shell in November and went 100% BG (well, 110% as I added a few extra BGs at £9.80). If it is 0.5, next week I will have within a whisker of double the number of Shell shares I had in November. And this wad of cash.I'm tying to cut down on the number of different companies I hold, so am planning on just bigging up some existing shareholdings. But which?- Lloyd's is back down to the price I paid for it in 2010, but at least is now paying probably 4% on it (assuming a final divi of 1.5p).- Rio, I share I've held on and off for over 30 years, mostly profitably: can it fall any further? Currently paying a divi of 7.6%- Royal Mail: their London property is reputed to be worth the total valuation of the entire company. Paying 5%.- Renishaw: timed my entries badly, at an average of well over £20, (now worth £16.80). Worth adding to?- National Grid: old reliable?- Centrica: another chunky divi, but will it fall even further?
Spain Fund
10 Feb 2016
Re: I'm out! When I switched to RDSB last Wed I did not expect 95p rise on Thu results day so I sold them at 1535.5. Been out since but I could not resist WPG at a good price yesterday. No dividend at moment but I never expected to get in at that price after a successful IPO in October.Keeping my eye on RDSB price over the next week(s)
Damp Seaweed
10 Feb 2016
Re: I'm out! a modest but powerful motor cruiser ======I assume it can out run the fuzzy wuzzies ?I'm planning on taking my chances with a wholly inadequate bucket across the Bay of Biscay at the end of next week. I've got the Shipping forecast back on my favorites list !
LK Hyman
10 Feb 2016
Re: I'm out! Games,"LK - What price did you get for BG?"I got 1028p for BG, and I bought Shell B for 1457p. So I THINK that, against the alternative of chust waiting for the deal to complete, I was very slightly ahead (after paying stamp duty and costs), ceteris paribus, at the time I did the trades. However what I did defo achieve was to get 100% of my BG chunk turned into Shell shares. That was what I wanted and was almost certainly what I would NOT have achieved if I had chust let the scheme thingy play out.What I now hope is that a lot of the cash that the BG defaulters will get later this month will flow into Shell and thereby drive the Shell price upwards.What I also hope is that the BG defaulters do NOT dump their 0.4454 Shell shares when they get 'em, cos that would leave me looking a bit of a chump LOL.LKH on the flybridge
