(RDSB.L) Royal Dutch Shell PLC Buy/Sell

I have just received my forms also. Very similar to the ones I got from the US earlier in the year.

1 big problem though..... I have all the original contract notes so no problem with providing the docs regarding the purchases and sales but back then I was trading certificated rather than through a nominee (lots of reasons not least of which is I hated being tied to one broker but that's a completely separate issue) so how do I get hold of a statement of the holdings on the start and end dates?

No broker would have that information, merely have a record of what you bought and sold but no clue as to your total holding. Obviously Shell and/or their Registrar would have known - they paid me my dividends on the correct amount of shares so clearly did know on the "record date" for each dividend.

Is it a case of writing to Shell and/or the Registrars and asking for the holdings on the specific dates? Does anyone else have the same problem and found a suitable solution?

I still have the actual dividend notes/tax credits but am told that they are not acceptable proof of the holdings on the specified dates as the dates don't match - even though I have the one immediately before and after and both show the same holding and/or have the contract notes to explain the difference. it;s still not acceptable.

Anyone got any bright ideas other than to write to Shell/registrars?

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A buy recommendation by this article I found on UK-Analyst: http://uk-analyst.com/shop/page-article/action-article.show/id-130001388
Any other suggestions?

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Key oil figures were distorted by US pressure, says whistleblowerExclusive: Watchdog's estimates of reserves inflated says top official
http://www.guardian.co.uk/environment/2009/nov/09/peak-oil-international-energy-agency

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Rhigos, an update.

Since I posted on this subject I myself have received a claim form to be returned to the UK administrator. Wondering why I need to do this since previous instructions were that the US administrator would forward the claims form to Europe, I have had to pore through the websites and found this statement, which must have changed in the months since I filled in my US claim:

"I already submitted information in relation to the SEC Settlement. Do I need to fill out another claim form and submit the information again?
Upon consultation between the administrator for the Non US Settlement and the administrator for the SEC Settlement it appeared that the information provided in the SEC Settlement cannot be used for the claims under the Non US Settlement. For that reason, you have to fill out a new claim form and submit the information requested." This from http://www.shellsettlement.com/index.php?page=qanda#q11

I also noticed this comment on the US claim:" The pro rata distribution amounts to about 3% of the eligible amount of damage, whereby the calculated compensations of less than $50 have been rounded up to $50. In total 310,000 claims have been submitted." This from http://www.shellcompensation.com/shell/ennews.php?newsnr=5115

3% of the eligible amount of damage! This gives me about 3% confidence that I will get the £200 approx that I calculated was due to me. Except that a lot of European claimants probably applies as suggested via the US administrator so perhaps the US pot had to be spread very thin indeed. I didn't have an actual claim on the US settlement, but I think they had 12.5M USD just for people holding up their hands.

Rant over, must run, I have to get this claim in by November 2010!

BU

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Sorry not quite answering your question but chucking some info - quite a bit of speculation as well - in to the pot which might interest you, might not.

Last year I was considering infrastructure plays. The reason being that when the bottle necks in commodity mining eventually get solved - e.g. we find enought oil to slate China's demand. The next bottle neck we will hit will be transporting the blasted stuff.

I was looking at Pipelines, tankers, ports etc. Not just oil but anything that transported coal, gas, iron ore etc.

I found out that GS were entering this market. Sadly I could only invest in their infrastructure fund if I was a rich investor. I'm poor sadly http://www.iii.co.uk/common/icons/discussions/emoticons/sad.gif

I don't think they are looking for capital appreciation. What I think they are doing is buying the infrastructure because 1) its cheap 2) you get to see real volumes. If you own the pipes coming out of Saudi to Europe and America you can pretty accurately measure oil supply minute by minute. This is very valuable information for your commodity trading desk - you only have to beat other traders by hours when it come to information.

Same idea if you own the ports that ship iron ore from Australia? You do have to worry about people who stock pile but why not buy chinesse truck companies or chinesse wharehouses etc. You can then track when they run down or run up their stock piles. You can cross validate against electricity and coal consumption.

Is this insider information. I don't think so but it is monopoly abuse.

You may want to look at GS commodity desk in the 10k. Contributed a lot to their 10billion profit.

Anyway, I also found out that as BP has moved out of North Sea Oil it has kept ownership of the pipes connecting the wells to Aberdeen. Not very exciting assets unless you realise BP does not just do hedging but also proprietry trading! Their trading desk is intimately linked with GS!

I know for a fact Shell does some very complicated commodity trading and I suspect they do proprietry trading. There is therfore hidden value in this company but sadly also hidden risks. I've not looked into the accounts but I am tempted to.

PS I don't think WB is buying the train company to harvest transit data.

PPS He is definitely not buying it because he belives in America's growth. If anything he is expecting stagnant growth. Possibly post for another day.

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3 Nov 2009, 2022 hrs IST, PTI





NEW DELHI: Essar Oil said it has time till month end to conclude talks for acquisition of Royal Dutch Shell's three refineries in Europe.


"We have entered into exclusivity agreement with Shell," Essar Oil CEO and Managing Director Naresh K Nayyar told reporters here.

Under the pact, Shell during the validity of the agreement will talk only with Essar for sale of its Stanlow refinery in northwest England and the Heide and Hamburg units in Germany.

"The exclusivity period is till November 30," he said. The Hamburg unit has capacity to process 107,000 barrels per day of crude, while Heide has a capacity of 83,000 barrels a day. Stanlow, Britain's second-largest refinery, can process 272,000 barrels a day.

Essar is considering buying three Shell refineries as part of its strategy to have a refining capacity of at least one million bpd globally, Nayyar said.

The company currently operates a 280,000 bpd refinery at Vadinar in Jamnagar district of Gujarat and has 50 per cent stake in 80,000 bpd refinery at Mombasa in Kenya. The Vadinar refinery is to be expanded to 700,000 bpd by 2012.

"For the time being we will not be holding discussions with any third party other than Essar. However, this does not guarantee a sale. It is too early to comment on timescales," a Shell spokesperson said last week.

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Nettle

Yes, you're quite correct; thanks for putting me right and politely.
My apologies for posting such inaccurate information.

I was just reflecting after sending: "Hang on, should be somewhere around 6% for the annual dividend yield; even BP's comes well under 9%." (Then other urgent tasks preoccupied me.)

And indeed it is: At a SP of 1800p it would generate 5.7%pa given the latest payout is repeated each quarterly dollop.

Quoting from the Q3 Dividend News release on this site:

"Dividends on B shares will be paid, by default, in pounds sterling at the rate of 25.65p per B share. Holders of B shares who have validly submitted euro currency elections by October 28, 2009 will be entitled to a dividend of Euro 0.2845 per B share."

Having said, although that puts the rest of my last missive into a different perspective, it doesn't wholly invalidate it.
The yield is high, especially given the prevailing circumstances and Shell's recent results report in particular.

I remain interested to learn to others views regarding my queries.

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Yes, the dividend for b shares is quoted in cents, and paid in pence; at today's prices 42c = 25.4p.
Regards

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TwoSporrans,

I think that the quoted dividend is in dollars, not sterling.

Yield is still good, but not that good.

I think it would be better if we could see the currency that the yield was in on the fundamentals page. I think some have dividends in Euros. It is all very confusing.

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Forgive me for stating the obvious in that the RDSBs went ex. Dividend yesterday; the payout was 42p/share.
Given shareholders continue to benefit from quarterly dividends, that's a pretty whopping 168p per year.

Thinking in terms of round numbers, this yield would be 9.33% given a SP of 1800p; SP was about 1760p on 3rd November, just before going ex. dividend on 4th - having recently almost touched 1900p.
(No surprise then that the RDSB's lost around 1% yesterday; it might have risen as much or more otherwise. Not that today's drop can be explained likewise.)

Surely the old £ hasn't crumbled so much of late, even against the wobbly $, that the dividend is inflated reciprocally !

Am I alone at feeling a bit concerned that this level of dividend might prove unsustainable? Does it pose too much of a drain on Shell's cash, especially at the expense of Capital expenditure, albeit that seems as if it will be sustained over next few years ?
Alternatively, do other investors consider that the RDSBs are so undervalued that the dividend yield is consequently flattered ?

If the shares are very undervalued, won't a roughly equivalent rise in profit margins (discounted net present value of all forecast future profits) be required to underscore a higher price? It's hard to see a massive increase in physical output, be that up or down stream; maybe my perception is wrong though.
If increased revenue comes from real Crude/Gas price rises (not down to inflation or $ depreciation), how much will average (rather than marginal) costs also rise ?

Just curious.
Any views ?

TS

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Thank you very much BubblingUp, I will have to dig out records and fill in forms. Sorry if it reduces your payout ;-)

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Enough is Enough, lets go back to talking OIL (and Shell)

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I can only give you my experience, based on purchase of Shell Transport & Trading shares worth about £3500 between Jan 2003 and Jan 2004. I sent off a claim in August 2008 to the US (Syracuse) after being instructed that they would consider my claim and then pass the claim pack to Europe for further consideration there. I knew I wouldn't qualify for the distribution in the US, but they have a smaller pot of money for the likes of us in Europe whereby they hand out 50 US$ for processing the claim anyway. I duly received this in July 2009. I had to provide my bank details after they emailed me so that the cash (£30) could be paid directly into my account. You can read about this here: http://www.shellvergoeding.nl/shell/ennews.php?newsnr=5115

I am now presuming my claim pack will be going to Europe. I have had another look at my claim & tried to bend my brain around the Distribution Plan, and I have come up with £200 approx. I am not too confident in my ability to work this out, because they don't give examples. I think there will be a minimum payment for the European claim, but I can't be sure of this, and it may depend on the number of applicants as it will get spread more thinly. I guess I shouldn't encourage you to claim :-)

"The $12.5 million payment is to be distributed equally to all shareholders who submit a valid claim for relief, irrespective of the number of shares held by the person submitting a claim so pro rata over all persons or entities submitting a claim. The amount of the $12.5 million payment a shareholder is entitled to is therefore dependent of the number of claims that have been validly submitted. This additional amount and the way this is to be distributed is therefore likely to be of more interest to a person or entity holding a relatively low number of shares." see http://www.shell.com/home/content/investor/reserves_settlement/non_us/faq/faq_non_us_reserves_settlement.html

Somewhere it says the payout will be in 2010, I'm sure you can find all that. I shall just sit here and wait..

Cheers,
BU

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I too have received a letter. In 2003 I had 10,500 shares. If I am entitled to less than £50 I do not want to fill in lengthy forms either. What is probable entitlement per share?

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Rupert,

Others, please ignor this post. Sorry for off-topic.

I have not used charts and candlesticks yet. But I can I think.

Barclays, I bought at 3.38843

"Could i ask you how old you are Fa ? or is that too personal ?"

Please click this link.
http://www.setupweb.org.uk/enquiry.asp

Fa

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I have just received a letter from the settlement administrator concerning 3 purchases and sales each of about £ 4000 during the period they mention in their letter.
I apparently have a claim due to the false reserves statement made by the company. Can anyone help? I wouldn't think the time filling in the lengthy form is worth the effort.
REGARDS

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Rat ,

You mean LK has left his wife behind on dry land while he sails away for several months on end ?

I thouught only that cad Harry Flashman did that when he used to go AWOL and leave Elspeth behind......

Can i ask you Rat do you use your science and math skills when you invest , such as using charts and candlesticks when making a decision ?

Anyway its good to have a female posting on one of iii boards , there are very few females post on these boards for whatever reasons

I wouldn't worry about BLT , i think you'll get your money back , i do see the mining sector as being overvalued but BLT is the best mining stock

And good luck with Barclays , how much did you buy in at ?

And keep me undated on the search for LK Hyman

I know from previous experience he can be very evasive , i missed him by 90 seconds once at the Thaksin Bridge in Bangkok but i did manage to get a peep at his boat (if it was his boat)

Could i ask you how old you are Fa ? or is that too personal ?

I just wondered if you too are a pensioner like LK or a lot younger

Like myself

Rupert

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Rupert,

I know you live in Thailand, 6 or 7 hours before us. And I am always later in response. I am married female (this is the 3rd time I have been asked, 1st time was asked by LKH). My life as professional in the past was related to math and science. Never thought that I would buy shares this year as I told you before that I am a strange in this stock arena. And never post things on Internet, though I now and then do some web design work.

This first kind share I bought was RBS shares (100%) Jan/Feb. Then, as the sp up, the fluctuation increased. I sold part of RBS and bought NG. Aug. I saw LKH and greenyards on the NG. post, so I asked them both to give me some advice. But it was LKH responded me. He was joke with me and also gave me his views. I think that this is his way to deal with others as well. He always cares for other people’s shares by using all kinds way to hint. Sometimes his views were sharp and true against some false illusions, which cause my respect to him. I think that he treated me as same as the others.

Rupert, every one is different. I do respect you as well. You are more straight forward give your views. I thought quite long to buy BACR shares, the obvious reason is BARC has Lehman Brother’s business. But it was your post a week more ago made me to sell others to buy BARC’s.

"I've heard that LK doesn't really have a yacht at all and spends all day posting from an old persons home in Sevenoaks , drawing on his vivid imagination and memoirs to construct his posts "

I think his voyage from England to Gulf of Aden, then … is true. One time, he told Joanga(?) at the very south of Red Sea that it was very hot. One time when he faced very dangerous situation near Socotra, battled with storm like turbulence, he wrote his wife name on his post and wished she were with him.

I hope that he will be successful to reach to Thailand and meet you, that is my best wishes for you and him for this year.

I will post you if I have any information about your m8. Hope that you will give me your view about the stocks. I have 45% BPs. I think I will hold them until I get some dividends (not sensitive to oil market). BLT is another one still hold. Because they are lower than my paid price, plus the BLT has no clear/certain trend. What do you think?


BubblingUp,

“My real purpose in posting is to ask you, I may be wrong, but are you of or derived from the oriental persuasion? The answer being in the affirmative, I have an idea how we may determine for once and for all whether LK is still striding the earth like the giant we know and love, or whether he has succumbed to a watery fate.
……………… custom to burn paper …”

I think you are joking with me. Chinese only do this when their one is real physical death, not on speculation. By the way this is consulting with the death spirit, evil doing in the eyes of God (old and new testament). But no offence.

Fa (my first name)

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Rat ,

Congratulations on your investigation into the missing LKH and his vessel the "Vulganus"

I know you and LK engaged in many long, intimate and meaningful dialogues on these bbs and you mean a lot to each other so it must come as a relief that there is no bad confirmed news

In answer to your questions

No i have never met LK in person , he is a cyberspace buddy who i have conversed with over the years

And the Fullers Ales cargo he has on board his vessel is nothing to do with Fullers , its his own personal cache which he is supposedly bringing out to Thailand for me to share because i share his fondness for the bottle too

Theres many myths , misinformations , speculation and conjecture surrounding the LKH legend on these boards

I've heard that LK doesn't really have a yacht at all and spends all day posting from an old persons home in Sevenoaks , drawing on his vivid imagination and memoirs to construct his posts

I ve also heard he is in a constant battle against the bottle and floats around the world alone in a permanent drunken stupor in the guise of the drunken sailor with Captain Morgan as his only companion

Its also possible that LK is spending a spell in Rehab and is denied access to his PC

Anyway Rat whatever the truth we'll never know but keep me posted on the ongoing investigation , good news about it being downgraged from an international manhunt

One question for you Rat

Are you male or female ?

Rupert

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Rat, If I can perhaps answer the question of LK "knocking on". I think we mean by that that is a "coffin-knocker". He is elderly after all and it cannot be too long before nature takes its course as it will with all of us one day. And he may have a drink problem, so he has a few risk factors.

My real purpose in posting is to ask you, I may be wrong, but are you of or derived from the oriental persuasion? The answer being in the affirmative, I have an idea how we may determine for once and for all whether LK is still striding the earth like the giant we know and love, or whether he has succumbed to a watery fate.

I believe when a loved one has passed on in your culture, it is the custom to burn paper versions of earthly things so they reach the lost one in the otherworld. Assuming you have ready access to an incinerator, I would suggest as early as tomorrow you burn large quantities of paper wonga to LK's benefit. After that, we wait, and here's the clever bit. We monitor the SPs of the blue chips in LK's portfolio over the next day or two, and if there is a large spike we can be sure that the money was burning a hole in the pocket of his shroud, and he is back in the market big time. If there is no sign of a spike, well then, LK must be still in the land of the living. And we can all sleep easy again knowing he will be posting soon enough.

I think you'll agree this is a relatively simple test that will let us know his fate one way or other. Remember that the more wonga you burn, the bigger and more visible the spike will be, although that's just fine tuning.

Well good luck and let's all keep our eyes on the market this week.

BU

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