idontwanttolose
15 Nov 2016
If you want a laugh read the BMO Capital Markets report below Broker Forecast - BMO Capital Markets issues a broker note on Royal Dutch ShellBFN News | 08:20 AM | Tuesday 15 November, 2016Factsheet RoyalDutchShell PLCAOrdEUR0.07 (RDSA)BMO Capital Markets today reaffirms its market perform investment rating on Royal Dutch Shell (LON:RDSA) and raised its price target to 1900p (from 1600p).
terribletim
01 Nov 2016
nice very nice
LK Hyman
21 Dec 2015
Re: Wrong shares Blanket,I now see that "your" Dutch fisc form form is for "Repayment for foreign corporations exempt from corporation tax" so it won't be any good for foreign individuals!I give up!LKH on the flybridge it's all too complicated
Blanketstacker
21 Dec 2015
Re: Wrong shares You are right Mr H. It looks like that form, in English, may be for the benefit of our transatlantic cousins. Once more,two nations divided by a common language!
LK Hyman
21 Dec 2015
Re: Wrong shares Blanketstacker,Digging a little deeper into the Dutch withholding tax on RDSA divis, this is on the Shell website:[link] contrast to your discovery of the Dutch fisc's form, Shell implies that only certain categories of pension fund and large institutional shareholders can avoid or reclaim the withholding tax, though the language on the Shell website is pretty abstruse.It is possible that no-one in Shell has bothered to revisit that wording, though they really should do if "your" form is right, as it appears to be, that small UK shareholders really can reclaim the withholding tax.If the withholding tax really is the reason why RDSA currently sells at a (small) discount to RDSB, and if that withholding tax is easily reclaimable, Shell should certainly make that clear on their website.It would be nice if there were no difference between the RDSA and RDSB share price. There "ought" not to be any difference, because both classes of share attract the same gross dividend.If I can be arsed (doubtful) I might write to Shell and raise the matter directly.LKH on the flybridge
LK Hyman
20 Dec 2015
Re: Wrong shares Loadsa,"If Shell chop the dividend like the big miners have then it won't really matter."Cheer up, m8! Ben isn't gonnae chop the divi ... not any time soon anyhoo.[link] on the flybridge tracking steadily north
LoadsaDosh2
19 Dec 2015
Re: Wrong shares If Shell chop the dividend like the big miners have then it won't really matter.
LK Hyman
17 Dec 2015
Re: Wrong shares Blanketstacker,A good find, m8! A quick scan of the form suggests that Blighty private investors should indeed qualify to get the withheld divi tax refunded, though the reference to the need to include dividend vouchers with the form suggests that those Blighty shareholders who hold RDSA via a nominee or in an ISA/Sipp (probably most of 'em) will not receive a qualifying dividend voucher, so what happens then as regards getting the refund from the Dutch fisc, I wonder?Still, very decent of the Dutch to have a form in English!Perhaps the increasing ability to get the tax back is (part of) the reason why the price of RDSA and RDSB has been converging recently. It was the divi withholding tax which (in my opinion) was the main reason why RDSA sold at a discount to RDSB in the past.LKH on the flybridge
Blanketstacker
16 Dec 2015
Re: Wrong shares Apologies for the delayed reply. You can apply for refund of the witholding tax using the following form, subject to certain restrictions:[link] luck!
fifi35
07 Dec 2015
Re: Wrong shares Thank you Lk. My Isa is with Hargreaves Lansdown so will make enquiries. What would the advantage be to holding BG as opposed to RDS?Thank you.Fifi
LK Hyman
07 Dec 2015
Re: Wrong shares Fifi,"I will sell and switch."Don't be too hasty! If your ISA manager can cope with scrip dividends and if you do not need to take divis in cash you could keep the A shares and take scrip divis WITHOUT incurring the Dutch divi withholding tax.A shares are priced a little lower than B shares (largely because of the tax on the cash divis from A shares) so you will be better off if the foregoing is possible for you.Personally I've sold all my Shell B shares and am now 100% in BG in order to switch into Shell when the BG takeover completes, as is looking increasingly probable.LKH on the flybridge
fifi35
07 Dec 2015
Re: Wrong shares Thank you. I will sell and switch.Fifi
Blanketstacker
07 Dec 2015
Re: Wrong shares You will loose 15% of your dividend due to the Dutch withholding tax. That is a sizable chunk.
fifi35
07 Dec 2015
Wrong shares Damn accidently bought these A instead of B for my isa. Is there a huge difference and will it have any detrimental effect?ThanksFifi
tornadotony
23 Aug 2015
2300 jobs axed in New Orleans 6500 jobs going at Shell. 2,300 to go from New Orleans. 21 August.Not just oil getting hit in USA. HP axing 7,000 jobs and AP (food retail) axes 3700 for Thanksgiving. Deere are also getting ready for heavy redundancies as tractor sales plummet 40% State side. It will take a few months before heavy job losses start appearing in NPF as the announcements take a couple of months to implement. Manufacturing sectors starting to lose to cheaper imports so USA starting to follow China. Suggests oil could be low for longer than many expect. The housing market traditionally slows down in October in USA so I am wondering where the growth is expected to turn things around.TT
