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Shell's cashed-up finance chief

Even though Shell's chief financial officer has cashed in a portion of his holding, the shares still look attractive
August 15, 2014

Presumably, Simon Henry, chief financial officer at Royal Dutch Shell (RDSB), is no slouch with numbers. Chances are then he would have liked the look of the £1.27m he generated from the sale of 50,000 of his shares in the Anglo-Dutch oil & gas major. The sale earlier this month still leaves Mr Henry with 308,364 shares in the group, worth around £7.86m at current prices. Moreover, shareholders recently received a boost when Shell announced that it had committed itself to spending over $30bn (£17.7bn) buying back its shares and handing out higher dividends over the next two years.

IC TIP: Buy at 2489p

Shell, along with drillers both great and small, will be looking on with interest at the upcoming referendum on Scottish independence. Regardless of the uncertainties arising from that issue for the North Sea tax regime, some fiscal reforms are going to be needed to ensure the long-term viability of UK offshore. For its part, Shell has been particularly bullish on its investment plans for the UK continental shelf, but talk is cheap this side of the vote.

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Alba Mineral Resources *George Frangeskides (ch)04 Aug 142,000,0000.510,0002,000,0000.509
AstraZeneca Leif Johansson (ch)01 Aug 146,0005,858.36351,50239,0090.003
AstraZeneca John Varley31 Jul 143,5004,370152,95013,0000.001
AstraZeneca Baroness Vadera31 Jul 143,5004,328151,4806,500<0.001
AstraZeneca Prof Genevieve Berger31 Jul 143004,32412,9722,090<0.001
AstraZeneca Dr B Burlington01 Aug 145004,304.9121,5252,553<0.001
Capital & Counties Properties S Das (fd)01 Aug 1415,548321.573949,998252,0180.030
Capital & Counties Properties ID Hawksworth (ce)01 Aug 1415,000322.6548,398770,6040.092
Capital & Counties Properties G Yardley01 Aug 1415,000322.6548,398442,9720.053
Compass  Paul Walsh (ch)06 Aug 142,00095619,12011,411<0.001
Development Securities Sarah Bates06 Aug 145,000209.1810,45940,0000.032
Development Securities Sarah Bates06 Aug 145,000208.9910,45035,0000.028
Development Securities Sarah Bates06 Aug 145,000208.6810,43445,0000.036
e2v technologies Stephen Blair (ce)04 Aug 1427,00015842,66099,3380.046
e2v technologies Kevin Dangerfield04 Aug 1420,00015531,00025,0000.012
Fenner Richard Perry (fd)06 Aug 145,000323.87416,194651,7010.336
Fenner ♥Richard Perry (fd)05 Aug 1410,000335.608433,561646,7010.333
Fidessa  John Hamer (ch)04 Aug 149892,08720,64079,4950.209
Greencore  Gary Kennedy (ch)05 Aug 1410,00025925,90047,3890.012
Halfords  Helen Jones06 Aug 143,000468.614,0583,0000.002
Inchcape John Langston04 Aug 14266640.51,7041,063<0.001
Inchcape Kanwarpal Singh Bindra04 Aug 14502640.53,2152,004<0.001
Inchcape Alison Cooper04 Aug 14225640.51,4413,399<0.001
Inchcape Nigel Northridge04 Aug 14266640.51,70426,0630.006
Inchcape Till Vestring04 Aug 14340640.52,17831,3580.007
Intu Properties John Whittaker04 Aug 144,000322.3912,896294,681,45222.472
Kibo Mining *Noel O'Keeffe06 Aug 14978,2861.7517,1201,693,1510.824
Kibo Mining *Christian Schaffalitzky (ch)06 Aug 1481,1791.751,4211,797,0890.875
Kibo Mining *Andreas Lianos (cfo)06 Aug 141,876,6951.7532,8424,876,6952.374
Kibo Mining *Louis Coetzee (ce)06 Aug 141,533,3811.7526,8347,133,2843.472
Kibo Mining *Wenzel Kerremans06 Aug 1481,1791.751,421113,4880.055
Kibo Mining *Tinus Maree06 Aug 1481,1791.751,4212,671,4471.300
Laird Jack Boyer31 Jul 145,000283.814,19010,0000.004
LSL Property Services Bill Shannon05 Aug 1410,00037637,60010,0000.010
Moneysupermarket.com  Robin Klein01 Aug 1450,000179.5889,790100,0000.018
Next Fifteen Communications  Richard Eyre (ch)05 Aug 1417,30411519,900139,3810.229
Poundland  Darren Shapland (ch)04 Aug 1420,00032364,60020,0000.008
Renold B T Tenner (fd)01 Aug 1416,30659.53999,709424,7020.190
Rotork Gary Bullard05 Aug 147002,77219,4043,4990.004
Royal Dutch Shell †Patricia Woertz01 Aug 143,0002,540.8176,2243,000<0.001
Royal Mail Donald Brydon (ch)31 Jul 1412,500420.652,57515,5300.002
Sage Group (The) Donald Brydon (ch)06 Aug 1415,000371.69655,75468,0240.006
Scapa  James Wallace (ch)05 Aug 1410,000128.6212,862850,0000.578
St Modwen Properties Bill Shannon (ch)01 Aug 145,000367.218,36070,0000.032
St Modwen Properties Bill Shannon (ch)01 Aug 145,000363.87918,19475,0000.034
Tate & Lyle Sir Peter Gershon (ch)31 Jul 1410,00063863,80092,0800.020
Tate & Lyle ♥Javed Ahmed (ce)31 Jul 1420,000624124,8001,224,4570.262
Telecity  Michael Tobin (ce)06 Aug 142,500752.218,805695,1100.343
Telford Homes James Furlong05 Aug 1412,00027032,4001,301,8602.185
TyraTech Inc *Alan Reade (ch)31 Jul 14214,298715,00112,700,6564.979
TyraTech Inc *Bruno Jactel (ce)31 Jul 14142,857710,0002,002,4240.785
TyraTech Inc *Barry Riley31 Jul 14142,857710,0003,198,4131.254
TyraTech Inc*James Hills31 Jul 14142,857710,0001,190,7570.467
Unilever †Dr. BE Grote04 Aug 145002,543.3212,7176,200<0.001

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Carpetright Martin Harris31 Jul 1490,000525472,50011,284,45716.648
Mulberry  Roger Mather (fd)31 Jul 1430,000735220,500183,6870.306
Rolls-Royce Holdings James Guyette04 Aug 14100,0001,039.851,039,850392,8980.021
Royal Dutch Shell Simon Henry (cfo)04 Aug 1430,0002,551.50765,450164,1820.007
Royal Dutch Shell Simon Henry (cfo)04 Aug 1420,0002,547.10509,420144,1820.006
* placing/tender/open offer ♥ spouse/connected party † depositary receipts