BG Group Share Discussion Threads

[careful] 03/3/2016 09:28

i have not had my cash, HSBC also.
good to see i am not alone.

[sierra12] 03/3/2016 09:24

Not received any cash. My shares are with HSBC and I can't get any sensible response from them. Suspect they are hanging onto the money as long as they can.

[bountyhunter] 02/3/2016 13:28

...it was due by Feb 29

[careful] 02/3/2016 13:13

still waiting..show me the money.
has anyone else had their cash from Shell yet?

[mr aboii] 01/3/2016 20:55

WELCOME TO BG Group PLC _ ACTIVE INVESTORS CLUB (BG.)

[mavis5] 29/2/2016 17:00

Got mine from TDW this afternoon (ie its now showing on my account)

[careful] 29/2/2016 15:58

has anyone received their cash from Shell yet?

[trikytree] 23/2/2016 17:05

Thanks. That makes sense now. Cheers

[cascadian] 23/2/2016 16:53

Hi Trikytree

You held 296 shares in BG and went for the full RDSB shares option.
However the full shares option was oversubscribed and thus the clawback was activated.

The default option was .4454 of a shell share (this would give you 131.83 shares in RDSB being 296 * .4454
Plus you requested 77.22 additional shares
Being 296 * £3.83 (the default cash option) / £14.68 (the value of shell shares used in determining the combination))

Of these additional 77.22 shares you have been granted 57 (giving you a total of 188 shares).
The 21.05 shares that you have not been granted (77.22 - 57 = 20.22, 131.83-131) = .83) have been converted into cash at the rate of £14.68 per share = £301.

Conclusion is that your 296 shares in BG will finally become 188 shares in shell plus cash of £301

[trikytree] 23/2/2016 11:40

I had a small £3k ish BG holding.

Now I'm confused. I now have 188 RDSB shares and 296 BG (ASSD MAX SHS B)

188 RDSB = £3006
The 296 BG are showing in my portfolio as a price of 1.017 and value of £301.

Will I just see £301 cash in my account by 29/02 or is it 296 x 3.83 = £1134 😮
I'm guessing it's just the £301 but I can't make sense of any of it.

[bill hunt] 22/2/2016 21:10

hxxp://www.bg-group.com/assets/files/cms/Timetable.pdf

[betman] 22/2/2016 18:00

Can I just confirm that in the end we were eligible for the RDSB 4th Qtr divi with a record date of 19/2/16. Will the switch process from BG to RDSB on the 16th get through in time ??

[bountyhunter] 22/2/2016 12:24

I've asked my broker this but think I saw 29 Feb mentioned somewhere?

[major courtenay] 20/2/2016 12:06

Does anyone know when we receive the cash payout element for our BG holding? TIA.

[whoppy] 18/2/2016 11:06

Does anyone know when we get our Shell share certificates?

[balhammalcolm] 17/2/2016 13:52

Cascadian thank you. The conversion rate was the missing piece! It all makes sense and I am grateful for the explanation and time taken.

[cascadian] 17/2/2016 13:40

Hi Balhamalcolm

For CGT purposes the cost of the shell shares depends on how much you paid for your BG shares

The £6.54 is the amount of your BG share that has been transferred into Shell Shares.

(Conversion rate was based on shell shares being £14.68.
The default option was £3.83 cash plus .4454 of a shell share.
The £14.38 multiplied by .4454 gives the £6.54.)

If you paid £6 for you BG shares £2.22 has been converted into cash (the £3.83) and £3.78 into Shell shares.
The £3.78 bought you .4454 of a shell share, thus each shell share cost you £8.49 (£3.78 / .4454) for CGT purposes

[balhammalcolm] 17/2/2016 12:18

Cascadian many thanks that helps me.

One last question, am I right to take the cost of the Shell shares I now hold to be £6.54 per share for future CGT workings when sold?

Thanks again.

[cascadian] 17/2/2016 11:26

Londscott CGT

How complicated do you want the answer - but here is a starter for 10

You are are eligible for CGT on realised gains above your annual allowance (£11,000).

You have only realised gains on your cash element.
You have sold each of your BG shares for £3.83 cash and £6.54 in Shell shares.
i.e you have realised 37% of your asset (3.83/10.37)

So if you bought your BG shares for £6 each
Your proceeds are 3.83
less the original cost of purchase (£6 * 37%)= £2.22
capital gain = £1.61 per share

Multiply this by your number of BG shares = realised capital gain
(and if you net realised gains are less that £11,000, no CGT to pay)