Nova - you're not quite correct. Worst case with a broker who can't / won't handle US tax correctly is 30% witholding tax, even in an ISA. A competent broker with a completed W8 form will reduce this to 15% for an ISA and 0% for a SIPP. The variation in answers is due to the variation in broker performance.
Very simplistic rather than interesting - pointing out that hydro carbons might be flammable and hence a big risk is a bit GCSE homework level. They misunderstand the UK petrol issue - thinking it is excessive demand rather than poor distribution and not a mention of LNG. Oh, and the author is long on RDSB - not the best basis for an accurate article.
Even if DEC thought they could pull the wool over private investors' eyes with a Ponzi scheme - they'd have to go some to convince Oaktree they were on the level if they weren't. Negative comment backed by facts is fine - unsubstantiated claims of Ponzi systems is just plain stupidity and should be treated by judicious use of the filter function. Mind you, Malcy's recommendation is normally the kiss of death - I hold Genel as well!
Makes you wonder who is selling now, some 4 hours after the news. Any active investor would have got out earlier this morning if they were concerned - surely. Are these now just stop losses being triggered? One recent sell was for 175,000 shares - strange timing if that wasn't a stop loss. As per several other postings - looks like a storm in a teacup that the BoD have controlled. If your portfolio was concerned about ESG issues I'm guessing you weren't in DEC anyway. Clever people seeking opportunity, less clever ones just in a panic not realising they've missed the selling window. Let's reconvene in a week and see.
Think NSS is correct to point out that Shell will not want to be seen to be making huge profits just as the Govt are baling out manufacturers with large energy bills and raising the domestic energy price cap. Keeping dividend as is and using recent inflows to fund green start ups and buy backs is likely to be more acceptable to Sun readers than making huge profits and paying us large dividends. Windfall taxes are going to be Govt's most popular way of raising tax over next few years - we don't want to stand out too much.
Although last placing didn't invite existing shareholders to participate so our shares were devalued as others were able to buy shares at less than the current price. A sure fire way to p@ss of existing holders - hope they don't do that again.
Steve - it seems few, if any, agree with your unsubstantiated claims of hidden debt. HY results as of June quote £3m net cash position (ie no debt following sales / rights issue etc). Can you show where the $500m sits in the accounts? I can't see it. Are you getting confused with average year or month end debts - all of which are explained in the accounts and look a bit weird due to all the cash arriving late in the FY. A comment without evidence is an opinion (or worse) and I'm afraid gets trumped by facts - in this case the HY results (professionally audited and then reviewed by the FSA). Unless your new assertion is that Kier are misleading the whole world by false accounting! I'll accept that builders and materials are in short supply now - but that will be equally applicable to all.
A couple of observations on the presentation: - slide 7 - the acquisition strategy is now focussed on "strong valuation with no shareholder dilution" so hopefully nil need for extra share issue to fund / reduce debt / increase cash reserves for further acquisition. - Getting Oaktree onboard has 2 obvious advantages - money up front for a share of profits rather than more shares being issued and a second set of eyes doing due diligence on the price / production levels / reserves. - Purchase effective as of Aug 21 so hopefully price reflective of gas prices back in July - not today's.
Looking good from my perspective - only fear (as I've seen with Genel etc) is a write down of reserves at some point in the future - hopefully not here and multiple small wells got to be less risky than single massive ones.
RE: Shell makes first uk solar investment04 Oct 2021 22:01
It does indeed fit within a new green strategy:
“Shell is building an integrated power business which spans the renewable generation, trading and supply of clean energy to businesses and consumers." Better than just generating, they're generating and storing - which means they can sell it when it's the most profitable - ie when the wind isn't blowing or the price of gas goes up rapidly. Excellent steps following exit from Permian Basin.
Do you ever try to draw the wedges on up to date graphs but using the previous high or low, to see if your planned wedge from 3 months or so ago proved correct or not? As an example on the GKP chart, if your blue line had been drawn through the previous low (the 160 ish in mid 2021) then you'd have thought GKP was breaking out of the wedge to the downside as it fell through 180 ish and perhaps assumed the trend had turned downwards - hence sold up and missed the climb back to 197.
Still not sure whether charts are self fulfilling prophecies as so many traders use them or a bit like astrologists where the relevant stuff is remembered and quoted whilst the incorrect stuff is immediately forgotten or discounted for some spurious reasons.