David Fuller's view Royal Dutch Shell B-Shares (RDSB LN) (monthly, weekly & daily) have been the second largest position in my overall portfolio since I first bought them shortly after the BP Gulf of Mexico rig accident, for yield and also capital appreciation in the vastly important global energy sector. I added to this position following last year's sharp reaction and again today as we have seen a reversion towards the MA recently. I also pointed out that RDSB was slightly overextended relative to its MA on 9th January. I resisted the temptation to take partial profits at that time although some investors - perhaps some of you - clearly did.


Today, I paid 2,288.50p and 2,291.00p, in two small top-up purchases, plus online dealing costs. RDSB currently yields 4.72% according to Bloomberg and the company recently announced that it intended to raise its payout this year.

For the record, my personal long-term stock market purchases last year were more RDSB, then the Aberdeen Asian Income Fund (AAIF LN (weekly & daily) last November. So far this year I have yesterday's and today's purchases.