Shell Share Discussion Threads

[xxxxxy] 16/3/2020 13:00

?The economic impact of coronavirus is being felt worldwide, but British businesses are pulling together in 'national effort' to support the government response. Meanwhile, British farmers receive funds to aid them in their transition away from Common Agricultural Policy and there are calls to ban industrial supertrawlers in UK waters.Boris calls COBRA and will deliver daily conferences: The UK government will, from today, hold daily news conferences to update the public on its strategy for fighting the coronavirus. Boris Johnson has come under criticism for his response to the epidemic but will chair an emergency COBRA meeting today before he addresses the media in an attempt to ease public concern.A Number 10 spokeswoman said "The prime minister and this government are committed to keeping the public informed every step of the way about what we're doing to fight the spread of coronavirus, when we're doing it and why we're doing it." Global markets hit as countries issue emergency action from central banks: Global central banks have been slashing interest rates in order to cope with the economic impact of the coronavirus, with the Federal Reserve cutting rates to zero and launching a $700 billion quantitative easing program.The FTSE 100 plunged 8 percent, adding to the 17 percent drop last week. AxiCorp investor Stephen Innes has said that "The biggest concern has to be that the big G7 central banks have exhausted their policy tool kit." The UK government will discuss the economic response in its COBRA meeting later today.Airlines call for government intervention: Airline's have been hit hardest and major airlines such as Virgin Atlantic and easyJet have said that in order to prevent a collapse in the industry, the government will need to step in. EasyJet CEO Johan Lundgren said in a statement "European aviation faces a precarious future and it is clear that coordinated government backing will be required to ensure the industry survives and is able to continue to operate when the crisis is over." The news comes after European countries close off their borders in order to limit the spread of the virus.Panic-buying puts stress on supermarkets: Coronavirus fears have hit British supermarkets hard, as people rush to stockpile supplies for a potential future lockdown. The panic-buying of essentials is causing problems for those most vulnerable to the virus when trying to buy what they need.In a joint letter to customers, UK retailers have told customers that they need to be more considerate with their shopping also saying "We understand your concerns but buying more than is needed can sometimes mean that others will be left without." and that they are working to keep the nation fed. Brexit provides opportunity to ban supertrawlers in UK waters: Campaigners have stressed that Brexit offers the UK government the perfect opportunity to ban industrial EU supertrawlers. EU regulated, factory sized ships have been criticised for not being sustainable as they catch hundreds of thousands of fish in relatively short periods.However, Brexit allows the UK to halt these vessels that are legally entitled to fish its waters. John Hourston from the Blue Planet Society highlighted the problem with the huge fishing ships stating "I am not talking about the inshore fishermen, I am talking about the industrial supertrawler fleets," and "We should not be allowing supertrawlers in British waters."Tax on US tech giants could put US trade deal at risk: The UK budget that was announced last week, included a digital services tax on US tech giants, totalling £500 million a year. US trade expert, Harry Broadman, has said this could act as a "serious impediment" to post-Brexit trade talks and that the Treasury could even be forced to abandon the tax if it comes under increased pressure from Washington. UK businesses join in 'national effort' against Covid-19: Following the calls from the government for businesses to join in a 'national effort' in order to help the strain on the NHS and provide more ventilators, major businesses have now pledged to repurpose parts of their production line to create vital medical equipment.This news came after Downing Street called on firms to "come together to help the country tackle this national crisis." Amongst the businesses to join the effort are Rolls-Royce and JCB. Boris Johnson is preparing to hold a conference call with these business leaders. It seems British businesses are coming to the country's aid in this time of crisis following last week's news of tech companies coming together to offer support in what has been called a 'digital Dunkirk'. Government provides £1m in funding for farmers: The UK's farming sector is preparing for life outside the EU's Common Agricultural Policy; in order to aid this transition, the UK government has provided £1 million in funding. The funds will be used to help farmers move from the current subsidy system which pays based on the amount of land farmed, to one that rewards farmers for the 'public goods' they provide. This will include improving air and water quality, providing more access to the countryside and flood reduction measures.Farming Minister Victoria Prentis has said "We are transforming British farming to boost productivity, enhance our environment for future generations and support a strong food production sector." As the farming industry undergoes massive change outside the EU, the UK government will look to support it as much as possible going forward. On our site today: Today's articles come from our Chairman, Shanker Singham and retired barrister and technologist, Alistair Kelman.Shanker Sinhgham's article urges the government to "not distort its markets in ways that damage competition," arguing that this could "destroy wealth from the economy and make us all poorer." Alistair Kelman writes on a UK-US Digital FTA, he says "It should be relatively straightforward for the UK civil servants working for the International Trade Secretary to propose an early UK-US FTA relating to Digital Trade given the similarities between our common law based regulatory processes." You can read his full article here.For the latest news and developments throughout the day, please do follow @GlobalVision_UK on Twitter.Thanks for reading, and enjoy the rest of your day.

[montyhedge] 16/3/2020 12:50

The good news they can buy doubled the shares on buyback for the same money. Better to pay 1100p than 2500p.

[32campomar] 16/3/2020 12:46

Oil dropped to $29

[gooner1886] 16/3/2020 12:40

Personally think its mad for anyone to be buying in this current market, i doubt this is the bottom

[mr roper] 16/3/2020 12:21

Showing good resilience today

[tornado12] 16/3/2020 12:21

Here ., here EJ ... fully aligned with your comments. There are risks of course but don’t believe for 1 minute that mankind wants to return back to life pre crono. A vaccine will arrive, possible reduction over next months of cases will arrive and some companies will need bridging loans as well as cutting divi. In 3 yrs we will be back and those in for long term will reap massive benefits in companies like RDSB.

[ariane] 16/3/2020 11:59

Royal Dutch Shell a
1,075.6 -4.86%


Royal Dutch Shell b
1,035.2 -4.48%


wow

what a premium for SHELL A shares

Has the dutch company become worth substantially more

or is it just a currency thing

[gooner1886] 16/3/2020 11:59

Oil in the 29s now crazy times

[tornado12] 16/3/2020 10:27

Sorry didn’t plan to go in again today but the price was too inviting. I don’t believe this depression will last forever and I have increased my holding by 30% since Jan. Everytime reducing my av share price . 23rd will be the next investment with my dividends.

[rampair] 16/3/2020 10:25

Atlantic 57, same policy here , just buy A quantity each time itchanges price, that’s really the only thing a PI can do, we do not have the sophisticated data the pro investors do.

All that remains is good luck to us all!

[ariane] 16/3/2020 10:23

RBC CUTS BP TO 'UNDERPERFORM' (OUTPERFORM) - PRICE TARGET 275 (550) PENCE



JEFFERIES CUTS BP TO 'HOLD' (BUY) - PRICE TARGET 280 (590) PENCE



JEFFERIES CUTS SHELL TO 'HOLD' (BUY) - PRICE TARGET 1140 (2470) PENCE


RBC RAISES SHELL TO 'OUTPERFORM' (SECTOR PERFORM) - PRICE TARGET 1700 (2600) PENCE

[quepassa] 16/3/2020 10:15

Believe it or not.

The influential Lex Column in The Weekend Ft argues in its column on Page 22 that

"last year's dividend for this group (Shell) looks safe".

See full article for context but Lex argues

" Take away the growth capex, suspend the buyback, add a bit of borrowing if need be, and last year's dividend for this group looks safe".


We'll see in due course whether The FT and The Lex Column are correct or otherwise.

ALL IMO. DYOR.
QP

[atlantic57] 16/3/2020 10:10

I have given up trying to understand what is going on.

I have made a number of purchases each time the share tanks lower.

Surely on a three year view things will recover?

Various doomsayers are predicting the end of the finial world with millions hospitalised and millions unable o work .

[bo90] 16/3/2020 10:07

oil dived less than half this past year, is going to bounce in the next 12 months?

[ariane] 16/3/2020 10:04

many will no doubt use potential divi to buy more shares

Friday and next monday might well see a bounce

[ariane] 16/3/2020 10:00

think not

talking about divi, not long to wait now


Payment date March 23, 2020


supermarky
16 Mar '20 - 09:58 - 11306 of 11306
0 0 0
would it be seen as a positive for shell to suspend or lower the dividend and use this to Hoover up more shares at this depressed price?

[supermarky] 16/3/2020 09:58

would it be seen as a positive for shell to suspend or lower the dividend and use this to Hoover up more shares at this depressed price?

[supermarky] 16/3/2020 09:55

the smaller oilies will be in trouble leaving shell to gobble them up imo

[edmondj] 16/3/2020 09:55

Are those proclaiming a 14-15% yield (not a dig at anyone here) aware of just over 1x expected earnings cover (based on 2020 forecasts, before oil's plunge) and free cash flow cover - admittedly - of 2.4x in 2019, but how might it pan out hereon?

[supermarky] 16/3/2020 09:53

bp - 7.4% shell doing better at the moment.perhaps 1000 is a big number to pass

[jon123] 16/3/2020 09:53

yeah like tomorrow and the next day and the next day lol

[spud] 16/3/2020 09:48

I'm sure I'll have plenty of other opportunities..

spud

[andy flower] 16/3/2020 09:47

Reduced the order to 1000 and it was filled :)

[spud] 16/3/2020 09:46

Well my buy order @ £10 wasn't filled despite it hitting the trigger point - Thanks Interactive Investor!

Hey ho.

spud