{"id":1672,"date":"2016-06-21T01:46:47","date_gmt":"2016-06-21T01:46:47","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1672"},"modified":"2016-06-20T06:51:24","modified_gmt":"2016-06-20T06:51:24","slug":"the-effect-of-the-brexit-debate-on-uk-sterling","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1672","title":{"rendered":"The effect of the Brexit debate on UK \u00a3Sterling"},"content":{"rendered":"<p>The UK Pound (<strong>Sterling<\/strong>) has come under pressure with the toxic debate on Brexit, remaining or staying in the European Union.<\/p>\n<p>What we have seen in the past 4-5 months is that Sterling has depreciated against major currencies such as the dollar.<\/p>\n<p>Here is a very simple example of the effect of this effective devaluation of Sterling.<\/p>\n<p>R<strong>oyal Dutch Shell<\/strong><br \/>\n[<a href=\"http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=133655\" target=\"_blank\">http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=133655<\/a>]<br \/>\n[<a href=\"http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=133755\" target=\"_blank\">http:\/\/www.shareshop.hsbc.co.uk\/shareshop\/security.cgi?csi=133755<\/a>]<\/p>\n<p>Pays quarterly dividends to shareholders, and reports its financial figures in US Dollars.<\/p>\n<p>Its dividend payment was <strong>$0.47 per share<\/strong> for the Q4 2015-16 Dividend.<\/p>\n<p>On March 11th 2016, it announced the conversion of the <strong>$0.47<\/strong> in UK \u00a3pounds. It&#8217;s <strong>32.78p<\/strong> per share.<\/p>\n<p>[<a href=\"http:\/\/ir1.euroinvestor.com\/asp\/ir\/IRM_Shell\/NewsRead.aspx?storyid=13328814&amp;ishtml=1\" target=\"_blank\">http:\/\/ir1.euroinvestor.com\/asp\/ir\/IRM_Shell\/NewsRead.aspx?storyid=13328814&amp;ishtml=1<\/a>]<\/p>\n<p>Its dividend payment was the <strong>same $0.47 per share<\/strong> for the Q1 2016-17 Dividend.<\/p>\n<p>On June 13th 2016, it announced the conversion of the $0.47 in UK \u00a3pounds. It&#8217;s <strong>32.98p<\/strong> per share.<\/p>\n<p>[<a href=\"http:\/\/ir1.euroinvestor.com\/asp\/ir\/IRM_Shell\/NewsRead.aspx?storyid=13392917&amp;ishtml=1\" target=\"_blank\">http:\/\/ir1.euroinvestor.com\/asp\/ir\/IRM_Shell\/NewsRead.aspx?storyid=13392917&amp;ishtml=1<\/a>]<\/p>\n<p>One can immediately see the dividend has <strong>remained at $0.47 per share,<\/strong> but due to devaluation of Sterling has resulted in people receiving the dividend in UK\u00a3 have made an <strong>extra 0.2p per share<\/strong><\/p>\n<p>So as a simple example a shareholder with 1,000 shares in Royal Dutch Shell:=<br \/>\nin March 2016:-<\/p>\n<p>1,000 x \u00a30.3278 = <strong>\u00a3327.8<\/strong> as a dividend<\/p>\n<p>on June 2016<\/p>\n<p>1,000 x \u00a30.3298 = <strong>\u00a3329.8<\/strong> as a dividend.<\/p>\n<p>\u00a32.00 more for doing <strong>NOTHING<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK Pound (Sterling) has come under pressure with the toxic debate on Brexit, remaining or staying in the European Union. What we have seen in the past 4-5 months is that Sterling has depreciated against major currencies such as the dollar. Here is a very simple example of the effect of this effective devaluation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1672","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1672"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1672\/revisions"}],"predecessor-version":[{"id":1673,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1672\/revisions\/1673"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}