#adg, yes, holders would enjoy the uplift in the share price and a CG with it, but income seekers would be penalised the WHT on US derived income IF holding outside of a SIPP.. |
Question please?
If Shell do move listing to USA and it benefits the mkt cap then I assume the original UK shareholders would benefit from that shift in valuation in full (plus/minus any currency fluctuations and FX charges)
Anybody any experience of similar situation? |
#Pete160, yes it does, IF the primary listing is in the US investors would pay a 15%/30% WHT (withholding tax at source) on US derived dividend income inside an ISA, but not inside a SIPP..
Even with a W8-BEN in place you pay 15% tax with most ISA providers here in the UK.. |
pete160: ISA SIPP - you can invest anywhere on the planet and put in an ISA. I have an Indian tracker (up 20%) that is in my ISA.... There is no tax on dividends in ISA so I have no idea about that.... |
Apologies for the possibly muppet question but would a listing move to the US by any of these (shell, rio, glencore, etc) impact the tax on dividends position and also the eligibility for holding in an isa and sipp?
Thanks in advance |
Carbon Dioxide might well be minor but it is one of the variables we can control.
We cannot control volcanoes or the sun....
We obviously need to be in control of our own destiny as far possible.
And any way you look at it, the cleaner the atmosphere the healthier we all get.
A lot of people dont realise how small the atmosphere is. The thickness of it roughly
the distance from Guildford to Chichester.... Or put it another way, if you climb, not
even to the top of Everest, but say 3/4 quarters up you no longer can breath.
The more stuff we pump up there that sticks the worse it is for the planet... |
cmon shell take one for the team and leave.
it will scare the market and it might fair value BP. |
 Climate change is the net result of all local, regional and global climate change variables, and CO2 is not the planet's temperature control switch. You cannot dial up and down the temperature you want.CO2 is just one of many climate change variables, including:1) Earth's orbital and orientation variations towards the Sun (aka planetary geometry) 2) Changes in ocean circulation. Including ENSO (El Nino) and others 3) Solar energy and irradiance, including clouds, albedo, volcanic and manmade aerosols, plus possible effects of cosmic rays and extra terrestrial dust4) Greenhouse gas emissions (of which CO2 is one, and water vapour the most abundant)5) Land use changes (cities growing - urban heat island effects, logging, crop irrigation, etc.) 6) Unknown causes of variations of a complex, non-linear system7) Unpredictable natural and manmade catastrophes 8) Climate measurement errors (unintentional errors or deliberate)9) Interactions and feedbacks, involving two or more variables.--So climate change is a soup of pretty much whatever flavour you like somewhere. Carbon dioxide is at most a very minor part of the equation....Climate Catastrophe Fund |
Shell shock warning on plot to move listing to New York could fuel oil and gas exodus
By DAILY MAIL CITY & FINANCE REPORTER
Updated: 22:00 GMT, 1 January 2025
Shell will face questions over its future on London’s stock market in 2025 in what is set to be a crucial year for the energy giant, writes Jessica Clark.
Chief executive Wael Sawan has warned he will consider moving its listing to New York if attempts to boost its valuation in the UK do not pay off.
He set a deadline to increase value and cut costs by the end of 2025 before taking more drastic measures, which could include ditching London for the US.
Such a move would be a major blow for the City as Shell is one of the biggest companies in the FTSE 100 with a valuation of almost £152billion.
It is feared that Shell’s exit would prompt rival exploration giants such as miners Rio Tinto and Glencore and oil and gas group BP to follow suit.
‘I have a location that is clearly undervalued,’ Sawan told Bloomberg in April.
Valuation gap: Shell chief Wael Sawan has warned he will consider moving its listing to New York if attempts to boost its valuation in the UK do not pay off
Valuation gap: Shell chief Wael Sawan (pictured) has warned he will consider moving its listing to New York if attempts to boost its valuation in the UK do not pay off
He said the oil giant was on a ‘sprint’ to close the valuation gap with US rivals ExxonMobil and Chevron by the end of next year.
If no improvement was made, Sawan said the firm would look at ‘all options’ including the possibility of moving its share listing to New York.
‘If we work through the sprint and we still don’t see that the gap is closing, we have to look at all options,’ he said.
Shell declined to comment on its plans for 2025. |
'Advance notice of 4ᵗʰ quarter 2024 results and 4ᵗʰ quarter 2024 interim dividend announcement
28 Nov 2024 London - On Thursday January 30th, 2025 at 07:00 GMT (08:00 CET and 02:00 EST) Shell plc will release its fourth quarter results and fourth quarter interim dividend announcement for 2024.'
That's the last results announcement RNS that I see on their www. - Just FWIW. |
Buybacks will help if the share suddenly comes back in vogue. The supply of shares will be less than normal meaning........ touchwood... Bigger rise.
But also it means they can pay bigger dividends (touchwood).... So works either way (hopefully). |
4.7% DY plus handsome buybacks are well above the ftse average |
SHEL, Needs to pay more Dividend. Around the same as BP. ! |
Gas up a huge 13pc right now and consolidating highest Q on Gas prices for last 8 quarters. Given London Shell has 15pc of the World market & 20pc of World trade going through its trading desks this should make interesting reading in the Q4 update pencil note out prob next week? |
Questions to Mr MilibandDecember 27, 2024 127 Comments1. Why do you insist on stopping new oil and gas from U.K. fields? It means more imports which raises world CO2 especially with LNG, slashes tax revenues and loses us well paid .jobs2Why do you insist on high fines for each additional petrol and diesel car sold by U.K. companies when you can import a nearly new vehicle from abroad to get round the tax? Why do you want to force the closure of so many U.K. factories making petrol and diesel cars whilst overseas competitors will carry on making them?3. Why do you want people to buy battery cars? If I did buy a new one lots of CO 2 would be released making the raw materials and vehicles. I would plug it into a grid unable to supply more wind power so you will need to burn more gas in a gas power station to recharge it. Silly self defeating idea.4.Why do you tell us renewable power will be cheaper? You have to subsidise renewable investments and give them priority over gas fired electricity. You need to account for the costs of a big expense on more grid capacity and on stand by power.5.Why do you tell people and businesses to switch from gas fired heating, when electricity is four times the cost per unit of energy? Low income households will be unable to afford decent temperatures and factories will be uncompetitive and close6. What is your estimate of the total cost of getting to net zero CO 2 from electricity generation by 2030. Will we pay through higher bills, higher taxes or both?7. How will you stop CO 2 from jet planes taking you and others on holiday or to international conferences and work meetings?8. When will all government owned, financed or subsidised vehicles be battery ones?9. Why go ahead with carbon capture and storage? It raises industrial costs, driving more out of business. It is opposed by many Greens.10. Do you want us to import most things like petro chems, steel, glass ceramics that need lots of energy to make? That adds to world CO 2 whilst losing us many jobs......John Redwood |
John Redwood@johnredwoodThe TUC are right to warn the government that their extreme net zero plans put too many jobs and communities at risk. Speeding the run down of U.K. oil and gas, petrochemicals, oil refining, steel, most car making and much else is a bad idea. |
Covid- 2years no commercial aircraft in the WORLDS skys ,no cruise ships,industry crippled,(China 3years) .Now "experts" say Climate change is worse than ever!!!!LOL
Climate has not changed since the end of the Ice age 8,000 years ago ,or the ice would have returned.Warming not due to man!!!! |
Renewable Energy - an expensive scam
The analysis done by David Turver on Substack is proof that Renewable Energy is vastly more expensive than oil and gas and that it is completely uneconomic without receiving the vast subsidies that cost UK taxpayers and UK industry billions of pounds in wasted expense every year.
Eventually the UK will have to face the economic reality of this huge Renewable Energy scam and return to the only available sources of energy that are economic and efficient. And that is hydrocarbons and nuclear.
If this economic reality is not faced, the UK economy will continue to stagnate and eventually collapse through excessive “green” energy costs and excessive taxation.
There is nothing to be gained from virtue signalling to the rest of the world about how “green” the UK is, if the economy is stagnating and eventually collapsing.
China and India and the rest of the world must be laughing as the UK intentionally destroys its own economy. |
IMO, I would say they're almost certainly offski.....the Shell/Equinor deal was a smart move...not only does it mean the UK Gov can't lean on Shell so much... it is also giving Norway state owned Equinor more negotiating clout with the Rosebank/Jackdaw fields.... |
The UK listing will remain as a secondary - The US (if it happens) will be the primary.
spud |
Do you think Shell separating/hiving off UK assets along with Equinor is not a big signal that they are looking to exit UK (and hopefully its listing on UK FTSE moving away)
Wishful thinking king or a clear message that Shell is preparing to foxtrot Oscar ? |
Good value here |
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