Member Info for Spottie

Jarvis XO also paid yesterday into my nominee, ISA and SIPP accounts. Very tasty and I'm rather glad to have reinvested the SIPP divi to enjoy this delicious SP spike. GLA

The Board has announced today that the forthcoming divi in respect of RSDB will be paid out at the rate of 32.78 pence per share. Sterling's demise is reflected in that the previous Sterling equivalent for December's divi payment was 31.07 pence per share for the same 47 US cent divi.

The AJ Bell You Invest T&Cs state that they don't offer divi reinvestment through SCRIPs or DRIPs. How you go about reinvesting dividends depends on your broker. My old Halifax Share Dealing ISAs allowed what they term as automatic divi reinvestment through which they will buy new RDSB shares on the open market using the RDSB divi proceeds at a reduced dealing commission. I now use Jarvis X-O for my ISAs and this does not have a divi reinvesment facility, so I just let divis accumulate and then buy what I fancy.

Linas1976: As long as you buy the RDSB shares by close of business today, you'll be entitled to the full dividend. It doesn't matter whether you have held the shares for 1 day or 10 days or 100 days or 1,000 days. All that matters is that you still hold those shares on close of business today. There is no holding period apportionment of the dividend - it's "all or nothing". As wd77 says, you can buy today and then sell tomorrow (xd) but the sale price will take into account that the buyer has no entitlement to the forthcoming dividend.

http://www.shell.com/investors/dividend-information/latest-dividend-announcement.html RDSB xd date is 18 February 2016 Divi £ Sterling equivalent conversion date is 11 March 2016 Pay day is 29 March 2016

"Grow to Simplify" It seems as though today's strategy update briefing has been well received, judging by the share price performance today. Some key points which I picked up in particular: - BG deal enhances Shell's free cash flow per share - Improved dividend capacity and buy back potential - Cash priorities are (a) debt reduction, (b) dividends, and (c) buy backs/capital investment. Clear outline of how Shell is responding to the oil industry down turn with "urgency and determination": - Portfolio restructuring - Reduced operating costs - Reduced capital investment - Asset sales - Delivery of new growth projects - Maintain strong balance sheet (12.7% gearing, rated AA- by S&P, and Aa1 by Moody's) Committed to maintaining and possibly growing dividend: "at least $1.88 per share" for 2016. Looks to me that those recent price dips were decent value buying opportunities...

Much of the loss is attributable to the write-offs and impairment charges and these were broadly expected by some analysts. As a few analysts have suggested, this helps clean up the balance sheet ahead of the BG deal. The downstream operations performed well (net income up 46%), and the company is holding a management day briefing next week on Tuesday 3rd November which will provide a strategy update.

Yes, you're right. At the time that this was announced to the market, RDSB said that it carried a $3bn exposure on its balance sheet for the assets and a further $1.1bn in contractual commitments, totalling $4.1bn (£2.6bn).

Well, WTI dropped around 4.4% to US$47.40 yesterday. There was data too that OPEC output continued at its heady heights last month and so oil futures yesterday dipped sharply. For what it's worth, Goldman Sachs issued a note to clients yesterday which says that part of the decline in oil prices seen during the summer had to do with macroeconomic factors, but was also related to a fundamentally oversupplied market.

Earlier this week an IMF half-yearly fiscal monitoring report was released detailing that the Saudi economy is running a budget deficit of more than 20% of GDP. The low oil price is causing increasing problems for the Saudis, according to a piece in today's Guardian: http://www.theguardian.com/world/2015/oct/08/no-more-new-cars-furniture-king-oil-slump-forces-cuts-saudi-arabia "Secret memo reveals King Salman imposing unprecedented austerity on public-sector budget as oil price languishes at under half of break-even level. The Saudi government has banned official purchases of cars and furniture and slashed travel budgets and infrastructure spending as it faces its gravest fiscal crisis for years because of low oil prices, according to leaked internal government documents. One letter marked “Highly Confidential and Most Urgent” dated 14-12-1436 (28 September 2015 in the Islamic calendar) gives strict instructions to stop any new projects, end the purchases of any new vehicles, furniture or other equipment, freeze all appointments and promotions, stop compensation payments for property, and halt any new rental agreements. Expenditure from existing budgets and projects during the fourth quarter are forbidden to exceed 25% of the agreed totals, and expenditure on travel and other business-related expenses are not to exceed 15% of the original budget. The speed at which oil revenue is brought into the finance ministry’s coffers must also be increased, and the letter says the king’s orders must be implemented immediately, provided no outstanding contractual rights are affected. The Guardian has been unable to authenticate the documents, but experts say they appear to be genuine. Another leaked document on Ministry of Finance notepaper entitled “Instructions on closing the accounts and preparing the final account for the financial year 1436-37” ends with instructions that ministries must make final payments for the year-end before close of business on 15 November. Since the Saudi fiscal year finishes on 30 December 2015, this suggests many Saudi civil servants could go unpaid for the final six weeks of the year. Last year an official Saudi government report said more than 1.3 million people – or 12% of the total number employed – were employed in the public sector in Saudi Arabia, with women making up 38.7%. Within hours of being published the documents had been circulated widely as alarmed Saudis discussed the new austerity measures and questioned what impact they would have on them."

That's quite a rise today! Looking as though recent buys for the ISA and SIPP were wise.

Definitely see that as a pleasant possibility for the ISA and SIPP. I'm also rather pleased by the dramatic change over recent days in the fortunes of BlackRock's other investment trust in the commodities sector: BRWM. GLA!

An interesting opinion piece on the Saudi angle on the oil price on the DT web site: "Like Russia, the Saudi Arabian regime is under severe economic pressure from lower oil prices. The ruling House of Saud, led by the newly enthroned King Salman, is being openly criticised by princelings among its own numbers. The controversial strategy of pumping at record levels close to 10.5m bpd, despite weakening demand fundamentals, is threatening to break the Saudi royal family apart. Faced with the choice of risking the dynasty’s survival by maintaining its proxy oil price war, or cutting output to force up the cost of a barrel, the Saudi regime is more likely to back down. ... Of course, Russia’s direct intervention in Syria could result in all sides involved in the global oil price war digging in deeper and persisting with their current policies of driving the cost of a barrel even lower. The outcome of such a battle of attrition lasting for another 12 months could be the collapse of the governments in Riyadh and Moscow. In either case, higher oil prices would quickly follow. " http://www.telegraph.co.uk/finance/commodities/11911194/Russia-bombing-in-Syria-escalates-oil-price-war-with-Saudi.html Anyway, I'm sitting on substantial holdings of RDSB in my SIPP, ISA and trading accounts and have been adding.

Shell's corporate web site gives the definitive info and is worth bookmarking/adding to your favourites folder: http://www.shell.com/global/aboutshell/investor/dividend-information/timetable.html For the Q3 divi in respect of RDSB, xd date is 12 Nov. with a pay day of 18 Dec.

According to this morning's DT: " The Anglo-Dutch oil giant said that it expects charges for the decision and would update the market later on the financial implications of the move, with the company carrying a $3bn exposure on its balance sheet for the assets and a further $1.1bn in contractual committments, totalling $4.1bn (£2.6bn). "Shell continues to see important exploration potential in the basin, and the area is likely to ultimately be of strategic importance to Alaska and the US. However, this is a clearly disappointing exploration outcome for this part of the basin,” said Marvin Odum, director of Shell Upstream Americas. " So, it's cheaper to leave the stuff where it is for the time being however long that might be. Solar energy potential notwithstanding, I think that it's important not to underestimate petrochemicals: plastics, paints detergents, textiles, medical products, furnishings etc. 40% of clothing contains the stuff, sometimes as much as 100% of work clothing, and the content of a single sofa can include materials derived from up to 60 litres of the stuff.

Well, my bonus cash of £129.20 in lieu of the maximum 38 shares is now in my Jarvis X-O account too. I have to say how impressed I've been with Javis X-O since transferring various SIPP and ISA accounts to them from Halifax, Tilney BestInvest and Alliance Trust.

It'll be be on or around 17th July that Lloyds pay the cash at the rate of £3.40 per bonus share that would have been granted to qualifying TSB shareholders. There was an RNS from Lloyds to conform this: From the Lloyds RNS: "In March 2015, with the support of the TSB Board, the Group announced it would pay any investors entitled to receive Bonus Shares the cash value of those Bonus Shares at the offer price. Such investors are expected to receive their cash entitlements on or around 17 July 2015." I am expecting to receive the maximum payout of £129.20 on Friday 17th (38 bonus shares x £3.40). I received the cash for my TSB shares on Friday 10th.

From the Lloyds RNS: "In March 2015, with the support of the TSB Board, the Group announced it would pay any investors entitled to receive Bonus Shares the cash value of those Bonus Shares at the offer price. Such investors are expected to receive their cash entitlements on or around 17 July 2015."

I know the feeling! Quite a fall over the last few days. I bought at 2.16 earlier this week for the ISA but have just doubled up with a buy at 2.0084. I guess that it's just a matter of waiting to see.

Absolutely right with that, Runner. I've been into this share for 3 years now and have been buying on the dips, especially for the ISA and the SIPP. The dividend stream is very tasty too so the overall returns have been very pleasing. I've also got money in the "sister" share BRCI. Khop khun khrap!