Monthly Archives: March 2019

BP’s March 2019 Dividend.

Today BP PLC pays out its quarterly dividend.

$0.1025 = 7.7382p a share

The total number of voting rights in BP p.l.c. is 20,266,326,335


20,266,326,335 x £0.077382 = £1,568,248,864.45497

That is £1,568,248,864, that is £1,568 Million.

£1.568 Billion in cash.

5.5% yield

Feb 2019 HM UK Government Borrowings

Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Another deficit month, thus to bridge the gap, needs to borrow on the bond market.

In Feb 2019 , the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is The PSNCR: The Public Sector Net Cash Requirement.

There were “only” 3 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-

26-Feb-2019 0 1/8% Index-linked Treasury Gilt 2028 3 months £1,254.5710 Million
21-Feb-2019 1¾% Treasury Gilt 2057 £1,688.5000 Million
14-Feb-2019 1 5/8% Treasury Gilt 2028 £2,587.4970 Million

When you add the cash raised:-

(£1,254.5710 Million + £1,688.5000 Million + £2,587.4970 Million) =  £5,530.568 Million

£5,530.568 Million = £5.530568 Billion

On another way of looking at it, is in the 28 days in Feb, HM Government borrowed:-

£197.5202857 Million  each day for the 28 days.

We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bond mature 2028 and 2057. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….

Royal Dutch Shell’s March 2019 Dividend.

Today, Royal Dutch Shell pays out is quarterly dividend.

RDSA Royal Dutch Shell A FTSE 100 $0.47 (35.94p)
RDSB Royal Dutch Shell B FTSE 100 $0.47 (35.94p)

Royal Dutch Shell-A

Royal Dutch Shell-B

35.94p a share

Royal Dutch Shell plc’s capital as at 28 February 2019, consists of 4,427,151,090 A shares and 3,745,486,731 B shares, each with equal voting rights.  Royal Dutch Shell plc holds no ordinary shares in Treasury. The total number of A shares and B shares in issue as at 28 February 2019 is 8,172,637,821.


8,172,637,821 x £0.3594 = £2,937,246,032.87

That is £2,937 Million = £2.937 Billion.

6.1% yield.

The HICL Infrastructure Company March Dividend.

Tomorrow The HICL Infrastructure Company pays out is March dividend.

2.01p a share.

Company’s issued share capital consists of 1,790,679,605 ordinary shares of 0.01p each.  The total issued share capital with voting rights is 1,790,679,605.


1,790,679,605 x £0.0201 = £35,992,660.0605

That is £35m

4.8% yield.

Stewart Investors Asia Pacific Leaders Fund

The Stewart Investors Asia Pacific Leaders is a £7bn Investment Fund.

The Fund invests in shares of companies based in or having significant operations in the Asia Pacific region including Australia and New Zealand excluding Japan. The Fund invests in shares of large and mid-sized companies in the region. These companies generally have a total stock market value of at least US$1 billion

Ten Largest Holdings:-

Tata Consultancy Serv. Ltd 6.1% of the fund
President Chain Store Corporation 4.0% of the fund
Unicharm Corporation 5.3% of the fund
Oversea-Chinese Banking Corporation 3.9% of the fund
CSL Limited 5.2% of the fund
Delta Electronics, Inc. 3.7% of the fund
Tech Mahindra Limited 4.6% of the fund
CK Hutchison Holdings Ltd 2.9% of the fund
Mahindra & Mahindra Ltd. 4.1% of the fund
Hong Kong & China Gas Co Ltd 2.8% of the fund

Invested across:-

India 29.6% of the fund
Taiwan 13.0% of the fund
Japan 10.0% of the fund
Hong Kong 9.4% of the fund
Australia 7.8% of the fund
Singapore 3.9% of the fund
Philippines 3.6% of the fund
USA 1.8% of the fund
Indonesia 1.6% of the fund

Fund Size of £7614.4 Million

Temple Bar Investment Trust PLC

The Temple Bar Investment Trust is a FTSE-250 London listed investment trust.

Top Ten Equity Holdings (%)

GlaxoSmithKline Plc 6.3% of the fund
Royal Dutch Shell Plc 6.1% of the fund
Capita Plc 5.7% of the fund
Travis Perkins Plc 5.5% of the fund
BP Plc 5.3% of the fund
HSBC Holdings Plc 4.3% of the fund
Lloyds Banking Group Plc 4.2% of the fund
Royal Bank of Scotland Plc 4.0% of the fund
Grafton Group Plc 4.0% of the fund
Tesco Plc 3.8% of the fund

Total 49.1% of the fund are the top 10 assets.

It does carry debt.

5.50% Debenture Stock 2021 £38m
4.05% Private Placement Loan 2028 £50m
2.99% Private Placement Loan 2047 £25m

The Edinburgh Investment Trust Plc

The Edinburgh Investment Trust Plc is managed by Invesco.

Largest Holdings (% Portfolio) as at 31 Dec 2018

BP Plc 6.1% of the fund
British American Tobacco 4.6% of the fund
Burford Capital Ord 4.3% of the fund
Legal & General Plc 3.7% of the fund
Royal Dutch Shell Plc 3.5% of the fund
BTG PLC 3.4% of the fund
Imperial Brands PLC 3.2% of the fund
Hiscox Insurance 3.2% of the fund
Altria Group Inc 3.2% of the fund
Roche Holding AG 3.0% of the fund

Total 38.2%

4.2% yield, paid quarterly

UK Greencoat Wind PLC

UK Greencoat Wind is a green energy company. Formed in 2012 and is now a member of the FTSE-250.

Incredible to think, that in less than 7 years a £Billion Pound firm has been created.

A value of £1,660 Million = £1.6Bn of Market Capitalisation.

On Thur 28th Feb (yesterday), it paid out a dividend.

As such the total voting rights figure will be 1,131,721,890 and a dividend of 1.69p

That is:-

1,131,721,890 x  1.69p = £19,126,099.941


A yield of 4.9%