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I had 1197 BG shares & I opted to receive Royal Dutch B shares. I was then given a certain amount of Royal Dutch B shares & some cash on the 29th of Feb & then a few more pounds on the 4th of March from my broker. I'm still unsure as to their calculations on what I should expect, as my broker can't tell me what price the BG shares were agreed with Royal dutch. Can anyone tell me how many Royal Dutch shares I should have received & how much cash. Looking at the BG web site it was stated :- "For each BG Share: 383 pence in cash; and 0.4454 Shell B Shares1", but my shares & money recieved does not add to this amount. My broker has told me it was scaled back , but what does that mean? any help would be appreciated, as I feel that I'm losing money !
I asked for all money and no shares, but still no sign of any money even today 4th March!! What is the problem?
Went into my dealing account today
most likely trading accout, but may vary. drop them a message
most likely trading out, but may vary. drop them a message
How it will be paid? To our trading accounts or cheque sent through the post?
The cash element will be paid to everyone on the same date, the 29th of Feb.
Just checked my on line broker.... My Bg. Shares have been replaced by Rdsb shares, did not see the cash yet.
Mike Thanks for that.. I bought 1400 BG mid Sept 2014 for 1238..so I guess notwithstanding Divis for the RDSB sp to climb back to 1850 ish Here's hoping and thanks again
There is no fixed date ... the offer timetable says that the latest date is 14 days after the effective date (15/2) for despatch of cheques etc. So in theory that means the cheque will be in the post on or before the 29th. I suspect it will be before that but I wouldn't bank on it ... yet. @George123 ... Clarification ... in the days leading up to the offer BG traded at about 850, RDSB at about 2100 ... so there was a substantial premium in the offer for BG holders. For some time now the BG/RDSB prices have been inter-locked by the offer so it's difficult to understand your position/statement about loses ... perhaps if you gave some numbers and dates etc it might shed some light on it. Mike
Anyone know the date we get our cash?
Am I right that the price per share was circa 1550 when the deal was announced last spring ..I think we are far off that ...or do we just wait for the RDSB sp to recover before accepting losses...
On this momentous day ... may I be the first to say 'Goodbye' to all you folk and thank you for your interesting and informative postings over the days, months and years that I've been lurking here. It's been a pleasure and I'm sure that I/we shall see many of you over on the RDSB board (if we haven't already). Good luck everyone ... I do genuinely hope that what ever your postion and what ever your investment style (provided its an honourable, decent, one) that it works out well for you. To badly quote a famous movie ... Go forth and prosper! Mike
same for me i am just letting it roll shares and cash that way what ever happens I make a bit of cash and shares. if the price goes up I win on Rdsb shares if it goes down I buy more shares with the cash. that way it's at least my choice what I buy and when. I like to make my own decisions then I can only blame myself if it goes wrong.
I totally agree. I have sold my entire holding in BG so that I can buy RDSB if the price drops, I already have over 10000 shares in RDSB, so if the price rises I am also happy.
That is my reading of the situation, as the two sp's are now closely linked by the deal. Buying BG now just means you are likely to get back 1/3 of your purchase price as cash. ATB.
as the BG price seems to be tracking the calculation to the days RSDB price, there is no benefit in buying those over shell, as if you bought RDSB shares you know exacty what you re going to get, is that right?
Thanks for that, youve explained what i really thought. There seems to be no real benefit in buying BG shares at all at the minute, as the value next week will ( may ) be within 4 or 5 pence of the price of RDSB shares which is seems to have been tracking this last week. Nice to see shell adr shares up tonight in USA
Cumbrian: for all shareholders the default position is 383p in cash and 0.4454 Shell B shares for every BG share held at 6pm on 12/2. There is also an option to ask for Shell A shares instead, or to ask for all cash or all Shell shares, but there is no guarantee that your request will be met in full as it depends on an equal number of people asking for the opposite option. There is no way of knowing if there would be any benefit in buying in know, it depends on what the Shell sp is after the event. You could end up paying dealing charges to buy in only to find out that approx. 35% of your purchase price is returned to you under the deal, if you want Shell shares probably better to just buy them now. I'm sure someone will be on here after the event, with the benefit of hindsight, telling us all how they made a killing by selling BG before the deal and buying Shell, or buying more BG and choosing all cash, or......, or......., whereas in reality no-one knows - you toss a coin, make a choice and live with it, good or bad. ATB.
I've been following this for a while now, as a Rdsb holder, but I'm really confused and would appreciate some input from learned bg holders. What if any is the benefit of a new buyer buying bg shares at this moment in time as opposed to shell shares. Obvious they would be holders on the changeover day but if shares are held in a nominnee account (as most are ) what split do they get between cash and shares , is there a default or just a straight proportional exchange. Baring in mind the share dealing company holds the shares on the nominees behalf. Do new holders get a say in what they would get. Apologies for grammar, on an iPhone.
But when do when do we know the final figures ..in my case to be able to work out what I have lost on the takeover..is it open of market on feb 15th thanks and gud luck to all
Thanks to the vote things looking good for RDSB, this and rest of action around crude prices should see RDSB SP climb before the Divi is due......so all in all share holders should benefit....get the duplication out the way and synergies in place anyone holding RDSB will be on a roll....crude can only stay low so long......even as I type price is heading up...GLA and well done Van.
Hi all first post so be kind but a bit underwhelmed by this Shell deal checked today and looks to me like i gain 5p per share. I am like most one of the people Sid told so not massive money involved but passes the time watching the numbers. If when the deal is completes RDSB will drop due to dividend payout may not be a good deal for BG. share holders. Keeping a close eye on the share prices myself as It may be better to jump ship before I am pushed and make my own way to RDSB. Not the massive payout as reported in the popular press at announcement date,
BG. Shareholders have voted in favour of the offer. I note that we will be trading as one on 15/02/6, RDSB will go Ex dividend on 18 February 2016, so we should pick up the final dividend as well, another 30p or so per share.
No need to apologise for the double posting or any perceived belligerent tone, I just think we were looking at things differently. Obviously there will be a formula for those wanting to exchange cash for shares, or visa versa, if any is on offer. I answered the original query from the position of there being nothing guaranteed, and as you and I will both take the offer as it stands, there will be no extra cash or shares for anyone from our elections. I was merely trying to point out that just because someone wants to take more cash or shares there is no guarantee that there will be any extra on offer. I should have added that there is nowhere where it says if you want to take cash you will get so much for each 0.454 you give up, or 0.XXX for every £3.83 give up. It will be interesting to see what the final figures are, and if everyone gets what they want or if it is significantly scaled back. ATB.