Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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!
I don't think so! 555 (as we say in Thailand)
Well, I'm staying the course and so I have just topped up in the ISA and the SIPP at 291. These are long term holdings for me.
According to the Daily Telegraph, "Alliance Trust, the facts: it HAS underperformed in 8 of the last 10 years". " Telegraph Money view However you slice the data, Alliance Trust has been a mediocre to poor performer for many years. No performance measures, not even those summoned by Alliance's own board in its defence, demonstrate a clearly sustained improvement in performance since Katherine Garrett-Cox took office in 2008. Although the board's claims of recently improved performance are borne out in the latest statistics, these are short time periods upon which to pin any hopes of a decided turnaround. The trust has altered its personnel and approach frequently in recent years, itself a cause of concern for shareholders. Ms Garrett-Cox has had sufficient time in which to demonstrate a clear, new path for Alliance, but has failed to. Many shareholders are very committed to this trust, having inherited shareholdings which they hope never to sell. They have cause to question their loyalty to the current management."
"Alliance Trust board deserves an active kick up the backside"
Ditto You are one lucky so and so! LOL!
Good point. The bonus shares were to be allocated towards the end of June, so it'll be interesting to see if the DD and regulatory hurdles are dealt with by then. Still, the rise is indeed a very pleasant surprise, and maybe we will get the nice "Brucie bonus" of those bonus shares afterall?
"The proposal is for 340 pence in cash per TSB share. The Board of TSB has indicated to Sabadell that it would be willing to recommend an offer at the proposed price, subject to reaching agreement on the other terms and conditions of any offer. Accordingly, the Board is in discussions with Sabadell in relation to these terms. The making of any offer for TSB by Sabadell will be subject to the completion of due diligence and Lloyds Banking Group plc agreeing to enter into an irrevocable undertaking with Sabadell in respect of its entire holding in TSB. Any transaction would also be subject to regulatory approvals."
That's also in today's Daily Telegraph business section too.
I agree absolutely with those thoughts. The tasty BRCI divi paid on Friday has been re-invested along with some additional funds in my SIPP and I've also topped up the ISA. A nice long term holding IMHO which will give a steady income stream in the years to come. GLA
Well, I've been topping up my BRCI holdings in my ISA and SIPP at these low prices and also BRWM. I bagged a nice tranche of BRCI on the 15th Jan at 84.44p and the price has been ticking up over the past week or so. Patience, they say, is rewarded. As ever, DYOR and GLA.
Wow! Just hit 170.
This is indeed a very promising investment trust (just like its sister trust FCPT which I also hold in my ISA and SIPP). I held Isis Property Trust (IPT) which merged with IRP to form FCRE back in 2013 and continue to be pleased with the dividend streams and the capital appreciation of FCRE. IMHO It's a very good trust to hold in an ISA given that the dividends are paid gross (i.e. no 10% dividend tax) since the trust is domiciled in Guernsey.