The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Degiro had them in this morning with a similar number of BHP sold ??
No idea what it is about please someone tell .
For those with IG. Having had no reply to yesterday’s email, I have now phoned them to be told they have the shares and they will allocate them to accounts at some point. No timeframes , so not ideal, but they will arrive eventually !
Mmmm, time to pick up the phone, and talk to someone. Send an email too, just as backup, but definitely talk to someone. Seems most investors on this board have received them by now.
Good luck, let us know when you get a result (be it good or bad, it's good to learn)
Still nothing in IG ! Anyone else still waiting ?
Well, checked my Barclays Smart Investor and still no sign of WDS in my ISA. Pretended I was going to buy some WDS out of nosiness and it found WDS code but said last closing price was 1p! Obviously Barclays lagging behind a bit as regards WDS...
I’m with ii having been merged in from Alliance Trust Savings a while back. ii do seem pretty well organised with dealing on many international exchanges. You do get the odd glitch, like today when I suddenly “had” an extra £0.5M after my Amazon shares (stock split x20) total were updated before the US market opened and they appeared to have 20 times the value! Was nice while it lasted.
Doing my own SIPP has been a bit of an education as various companies have moved domiciles, or like BHP, come out of the FTSE (but still London traded) meaning that dividends come from Australia and (I am told) don’t have any withholding tax, unlike say Nestle in Switzerland where I gather it’s over 30%. Not any sort of expert on this topic, but learning as I go along.
BHP certainly has some interesting prospects. Ian Cowie piece in yesterday Sunday Times flags up the potash opportunity from their Canada mine.
atb
Word is, they should be in your account by the end of today
Skyhook1, my BHP shares are in HL but I’m not seeing any Woodside shares yet in my ISA? Am entitled to them as been holding BHP for 6 months
''if your platform didn't allow ASX equities at the date of payout then computed said NO.''
My platform only deals in UK and US equities, so I have been told I am getting cash.
Also some platforms may not deal with CDI's which I believe are traded within crest directly between market makers
This is interesting. It seems to me that what should have happened is that the Woodside London listing was organised and well up and running BEFORE the in specie dividend was allocated to BHP shareholders.
That way when the dividend arrived in your accounts broker says ah yes X is entitled to Y shares here you go. The CDI is an extra complication but basically if your platform didn't allow ASX equities at the date of payout then computed said NO.
HL in now
Thanks longtimeinvestor, now you have used the correct term, I went on ii and this is what they say :-
International Crest (CDI) shares
Other UK brokers tend to trade international shares through the London market and hold these as CDIs. At Interactive Investor, we trade directly on local international markets and hold the local version of the share for you.
Where international shares have been transferred to us, it may be that the share is still held in CDI form. These CDIs can be converted into the local version of the share at your request. Please contact us if you would like to convert a CDI.
You will not be able to purchase any further holding of the CDI version. Please call us if you wish to sell a CDI holding.
You learn something every day.
I believe CDI's are traded within CREST - in other words shares in your name rather than in a nominee account
This comes under the heading "read the small print" (if it's written)
When BHP came off the FTSE ii stopped re investing my BHP dividend (never told me) I found out the hard way....
Nothing in IG yet
https://www.ig.com/uk/investments/support/glossary-investment-terms/crest-depositary-interest-definition#:~:text=CDIs%20can%20be%20settled%20through,and%20are%20traded%20off%2Dexchange.
that is the question, I have already been told that I will receive cash because Woodside are on the AUX market.
A CDI is an electronic reflection of the underlying security held in the domestic market - in this case Australia.
But are tradeable in/from the UK ? yes ?
It looks like some brokers don't allow this type of holding ?
Crest Depository Interests are UK securities representing an underlying interest in an overseas security.
I am with Barclays Smart Investor. Will check tonight to see if WDS has popped into my ISA. Have not had any info from Barclays but hopefully they will have sorted it today.
I'm unsure what "depository interest'" means.
However, a small quote from the RNS, which to me means something.
ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE
The entire issued share capital of Woodside Energy Group Ltd (Woodside) has today been admitted to the Standard Segment of the Official List of the FCA and to trading on the Main Market for listed securities of the LSE under the ticker "WDS".
This follows completion of the merger transaction between Woodside and BHP Group Limited's petroleum business, announced on 1 June 2022.
Note "Trading on the London stock exchange"
They are a 'depository interest' on LSE
As of today, Woodside are trading on the LSE. See the Woodside RNS here :- https://www.londonstockexchange.com/news-article/WDS/admission-to-trading-on-the-london-stock-exchange/15481468
Further thought.
Have those holders who have received WDS shares without problem confirmed on which exchange those share are listed. For example I know that ii accepts Australian shares in their accounts - so might those shares be ASX ?
Trying to work out whether this is partly a case of the location listing rules for various platforms or partly whether different brokers have been more proactive than others in sorting this out.
I have to say, this is an interesting topic, when some companies seem to have handled the Woodside allocation with ease (ii for example) and other have not HL for example. Watch this space as other investors pop up and confirm or shout for help.
Bottom line, if some firms can do, what should be a simple transaction, why can't they all ?
Maybe this is time to re evaluate who you do your investing with ?