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DEC Diversified Energy Company Plc

1,094.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Diversified Energy Investors - DEC

Diversified Energy Investors - DEC

Share Name Share Symbol Market Stock Type
Diversified Energy Company Plc DEC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 1,094.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
1,094.00
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 12/4/2024 12:05 by bountyhunter
There may be further US driven momentum ahead as these progress:

Investor meetings and conferences:

• Mizuho Investor Meetings- Tuesday, April 9th, Chicago
Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)

• Bank of America Investor Meetings- Wednesday, April 17th, New York City
Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP- IR & Corporate Communications)

• Mizuho Investor Meetings- Wednesday, April 24th, Houston
Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)

• Citi Energy & Climate Technology Conference- Wednesday, May 15th, Boston
Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)

Presentation related materials are available on the Company's website:
Posted at 10/4/2024 09:25 by bountyhunter
And I thought SS recently posted he was short, now he's selling, which is it?

"im short DEC" 6 days ago post #1819

Stevensupertrader4 Apr '24 - 17:02 - 1819 of 1872
0 1 2
After Uk market closed , Dec US is motoring up like every other day - clear manipulation by US traders . However , this is how almost all Uk investors are suffering with huge losses . Taking a quote phrase from Macbeth , King Duncan said “ I am half way in the sea , swimming forward and swim back is the same , must as well carried on” ( im short DEC investors kept the shares and add more hoping for the best .
Posted at 09/4/2024 07:37 by bulltradept
marksp2011,

The points you make do have merit. It all depends on what you are trying to achieve and in what time fame.

I've come to the conclusion most investors should beat the UK indexes every year, if they've managed their position sizing correctly and they do enough research. People say a lot of fund managers can't so it's best to invest in trackers, but they are up against the law of big numbers, retail investors don't have that so should AIMVHO beat them in percentage terms regularly.
Posted at 08/4/2024 07:10 by bountyhunter
Investor conferences in the US:

• Mizuho Investor Meetings- Tuesday, April 9th, Chicago

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)


• Bank of America Investor Meetings- Wednesday, April 17th, New York City

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP- IR & Corporate Communications)


• Mizuho Investor Meetings- Wednesday, April 24th, Houston

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)


• Citi Energy & Climate Technology Conference- Wednesday, May 15th, Boston

Rusty Hutson (CEO), Brad Gray (CFO) and Douglas Kris (SVP-IR & Corporate Communications)
Posted at 03/2/2024 13:04 by leoneobull
From LSE BBpickedpeckPosts: 1,869Price: 897.50Strong BuyNot just shortersToday 09:32So... DEC is one of a portfolio of shares I own that have fallen for no great obvious reason. Yields are high, bordering on ridiculously so, and cash generation is positive across the board. So why the falls?Shorters are having a field day on London listed companies at the moment, but they are not the underlying cause of the falls, they are just taking advantage and exacerbating the issue.The fundamental problem is cash outflow from the London market. The Evening Standard has a story describing it:https://www.standard.co.uk/business/small-investors-uk-stock-market-record-pace-shares-london-stock-exchange-lseg-funds-investment-us-city-b1136580.htmlIn an environment where investor money is continually leaving a market, either to find a new home or to cover rising cost of living, then shares with any uncertainty, complexity, or temporary problem fail to compete in attracting enough of the reduced number of buyers in the market to sustain their share price.Previously blue chip companies are seeing this phenomenon impact their share price, with yields amongst some big UK players now often in double figures due to depressed share valuations. VOD, AAL, DGE, RKT and many others sit on very depressed valuations despite strong cash generation.DEC's price fall is not something that has happened in isolation. It's perhaps the worst victim of a market wide phenomenon, it's revenue and debt models beyond trivial understanding act as barriers to buyers with a wide choice of high yield options.None of which means there is anything fundamentally wrong with the company. It doesn't have to maintain the current 30% yield for ever. Even if the yield is just maintained for this year, and there is no sign that won't be the case, there would have to be a further 30% fall in the share price for investors to lose money. With somewhere in the region of 276p dividend per share, the price would have to fall below 624 to lose. If they only manage to hold the dividend for the next two years, the share price would have to be below 350p for investors to lose, at which point the yield would be near 80%!!!At some point investors have to notice the yield on offer. Right now it probably looks too good to be true and that alone is putting buyers off.Saying it's unsustainable just because it's a big number without any other rationale for why the company can't continue to generate that much FCF ignores all the company fundamentals and is the wrong way to look at the value here. The recent trading statement tells us implicitly the next divi, and the one after that, and likely the one after that too are secure financially.Long term the company will inevitably move its primary listing away from london to NY. That's when we may see a dividend cut, but I think that's 2025 at the earliest.
Posted at 25/1/2024 12:22 by the millipede
“I'm actually always disappointed at the level of investor competence on ADVFN. You do get a few who know what they are talking about, but as time goes by, that number reduces.“

Shorters aren’t what they used to be, I agree, in part because small investors upped their game.

I am old enough to remember Gotham City Research demolishing small investor favourite Quindell. The share price ramped up to giddy heights by gullible investors, genuine red flags around cash flow. The take down was masterful.

DEC just seems to be a complex business model that investors have already been mostly avoiding. Which is why the short attack knocked only around 10% off a share price that is already recovering.

We will know more soon enough but, as DEC said yesterday, they already answered the questions raised.
Posted at 17/1/2024 10:46 by fordtin
Farrugia - re; "Dividends should be kept at about 10%."

Sounds like a sure-fire way to drive the share price down toward zero!

Investor A buys into a company offering 10% dividend.
Share price falls 10% due to wider market conditions.
Company cuts dividend to maintain 10% of prevailing share price.
Investor A sells and moves on because other companies offer a more stable return.
Investor B buys into the company offering a dividend equivalent to 10% of prevailing share price.
Share price falls 10% due to wider market conditions and weakened demand caused by dividend uncertainty.
Company cuts dividend to maintain 10% of prevailing share price.
Investor B sells and moves on because other companies offer a more stable return.
Investor C buys into the company attracted by the dividend equal to 10% of prevailing share price.
Share price falls 10% due to weakened demand caused by dividend uncertainty.
Company cuts dividend to maintain 10% of prevailing share price.
Investor C sells and moves on because other companies offer a more stable return.
Investor D .....and so on ...

Anyone still holding from the beginning will have seen their share value deteriorate toward zero as well as their dividend yield diminishing toward zero.
Posted at 01/12/2023 15:09 by bluemango
"So, I think this does multiple things for us. Number one, it gives us a new investor, a US investor that can raise our profile here in the US, can hopefully help with additional liquidity, trading liquidity on a daily basis so investors that are in London can trade directly with investors in the US and vice versa.

We’ve seen a very illiquid London market here in the last year or so with a lot of outflows and such. This is going to give our UK investors another opportunity to trade with a larger pool of investors that haven’t been there because US investors don’t really do a lot of investing in the London market.

So, I think all of those are the main reasons why and just access to greater pools of investor base that we see here in the US"
Posted at 16/11/2023 07:11 by carcosa
This decision represents a shift from their earlier stance of not pursuing a U.S. listing. It appears to be a response to market conditions and feedback from advisors and investors, finding a way to achieve U.S. presence without a capital raise.

The company isn't issuing new shares as part of this listing. This means the total number of shares in the market remains the same, and current shareholders won't experience dilution of their holdings which would have occured in the earlier plan.

This dual listing could attract more investors, especially from the U.S., without the complexities and costs of issuing new shares.

Listing on the NYSE can raise the company's profile in the U.S. market. It can also potentially increase trading liquidity, as shares will be available to a larger pool of investors. This may lead to more trading activity and likely an increase in the share price.

A U.S. listing could lead to more coverage by equity research analysts, particularly those focusing on peer companies in the U.S. market. This increased visibility could attract more high-quality equity investors, including U.S. domestic funds.

The company will maintain its listing on the LSE and adherence to the UK Corporate Governance Code. This ensures continuity for existing UK investors and maintains its status in the UK market, including being part of the FTSE 250 index.


This seems a very good way to nudge the share price upward
Posted at 16/11/2023 07:05 by garycook
16 November 2023

DIVERSIFIED ENERGY COMPANY PLC

("Diversified" or the "Company")

Additional Listing on the New York Stock Exchange

Publication of Circular and Notice of General Meeting and Registration Statement

Diversified Energy Company PLC (LSE: DEC) announces that it intends to seek an additional listing of the Company's Ordinary Shares on the New York Stock Exchange (the "NYSE") (the "US Listing"). No new Ordinary Shares are being offered or sold in connection with the US Listing, and there will be no change in the total issued share capital of the Company following the US Listing.

Following its announcement on 5 October 2023 that the Company was no longer pursuing its previously communicated desire to list its Ordinary Shares in the US given the equity market dynamics, the Board and management consulted with their advisors, along with various US and UK institutional investors on alternative paths forward without the need of a structure incorporating a capital raise to achieve a US listing. After careful consideration of the feedback received, the Company has decided to pursue a direct listing of its Ordinary Shares on the NYSE. The direct listing achieves the Company's previously stated goal of a dual listing, without offering or selling any new Ordinary Shares. The Board and management believe they have chosen an approach that both supports existing shareholders and provides US investors the opportunity to more easily access an investment in the Company's Ordinary Shares.

The Board believes that the US Listing, in the near-term, will be beneficial for the Company and its shareholders for multiple reasons, including raising the Group's profile in the US. The Board expects that the US Listing will facilitate broadening the Company's access to high quality equity investors (including domestic US funds) and will also increase the Company's ability to attract a broader group of equity research analysts, as there are a comparable set of peer companies listed in the US which have a strong US equity investor base and are covered by a broad group of equity research analysts. The Board also expects that the US Listing will enhance the Company's daily trading liquidity and potentially provide it access to additional financing options which can be used to continue the Company's acquisitive strategy.

The Company will continue to be listed on the premium listing segment of the Official List of the Financial Conduct Authority and its Ordinary Shares will continue to be traded on the Main Market of the London Stock Exchange. Further, it is expected that the Company will also continue to be a constituent of the FTSE 250 index in the UK and the Board will continue to adhere to its standards of governance and corporate responsibility as required by the UK Corporate Governance Code.

Due to NYSE requirements, prior to the US Listing taking place, the Company will effect a consolidation of the Company's existing ordinary share capital at a ratio of one new ordinary share of nominal value of GBP0.20 each for every twenty existing ordinary shares of nominal value of GBP0.01 each (the "Consolidation"). Therefore, to implement the US Listing, shareholder approval is being sought to pass certain shareholder resolutions to (i) effect the Consolidation, and (ii) adopt new articles of association to allow for the settlement of trades in respect of the Ordinary Shares in the US and UK following the US Listing (the "Resolutions"). The implementation of the US Listing is conditional upon the approval of the Resolutions by the shareholders at the General Meeting. Further details regarding the proposed US Listing, Consolidation, the proposed new articles of association and the Resolutions are set out in the Circular.

Further to this announcement, the Company has posted a circular (the "Circular"), notice of general meeting and form of proxy to shareholders convening a General Meeting ("General Meeting"). The General Meeting will be held at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, London, EC1A 4HD, United Kingdom at 1:00PM (GMT) on 4 December 2023. A copy of the circular and notice of general meeting will also be made available on the Company's website hxxps://ir.div.energy/ . Capitalised terms used but not otherwise defined in this announcement have the same meaning given to them in the Circular.

In connection with the US Listing, the Company has also filed a registration statement on Form 20-F ("Registration Statement") required for the US Listing of its Ordinary Shares for review by the U.S. Securities & Exchange Commission ("SEC"). The Registration Statement has not yet been declared effective. Subject to approval of the Resolutions at the General Meeting and certain other regulatory conditions (including the SEC declaring the Registration Statement effective), admission and commencement of dealings in Ordinary Shares on the New York Stock Exchange is expected to commence on or around 11 December 2023.

The expected timetable for the General Meeting, the Consolidation and the US Listing is set out below:


Event Expected Date/time(1)
--------------------------------------------- --------------------------

Latest time and date for receipt of 30 November 2023
Forms of Proxy and CREST electronic
proxy appointment instruction
1:00PM (GMT)

Voting Record Time for the General Meeting 30 November 2023
for Shareholders Close of Business (GMT)

General Meeting 4 December 2023
1:00PM (GMT)

Consolidation Record Time 4 December 2023
Close of Business (GMT)

Admission of Ordinary Shares (being 5 December 2023
the ordinary shares in the capital of
the Company following completion of
the Consolidation) to listing on the
premium listing segment of the Official
List and to trading on the London Stock
Exchange's main market for listed securities
and commencement of dealings in Ordinary
Shares
8:00AM (GMT)

Expected date CREST accounts are to 5 December 2023
be credited with Ordinary Shares in
uncertificated form(3)

Expected time and date for admission on or around 11 December
and commencement of dealings in Ordinary 2023
Shares on the New York Stock Exchange
2:30PM (GMT)

Expected date for the issue of DIs to on or around 11 December
CREST participant accounts to allow 2023
shareholders to continue to transfer by 3:00PM (GMT)
and settle their interests in Ordinary
Shares through CREST

Expected date for payment (where applicable) On or around 14 December
of fractional entitlements for Ordinary 2023
Shares
--------------------------------------------- --------------------------


Notes :
(1) All dates and times are based on the Company's current
expectations and are subject to change. If any of the dates
and/or times change, the Company will give notice of the
change by issuing an announcement through a Regulatory News
Service.
(2) Only those Shareholders entered on the register of members
at close of business (GMT) on 30 November 2023 or, if the
General Meeting is adjourned, on the register of members
at close of business on the day which is two business days
before the time of the adjourned meeting, shall be entitled
to attend and vote at the General Meeting in respect of the
number of Existing Shares registered in their name at that
time.
(3) Share certificates in respect of the Ordinary Shares
following completion of the Consolidation will not be despatched
to Shareholders who hold their Existing Shares in certificated
form immediately prior to the Consolidation owing to the
short time between the Consolidation and the transfer and
deposit of certificated shareholders' entitlements to DTC
at the Effective Time (as described in the Circular). Any
existing share certificate(s) will be invalid. In the short
time period between the Consolidation and the US Listing,
should a new share certificate be required for trading purposes,
please contact Computershare Investor Services PLC on 0370
702 0151 and they will arrange for one to be issued to you.
For further details on your entitlements following completion
of the US Listing, please refer to the section of the Circular
entitled "Shares held in certificated form by Certificated
Shareholders" in Part III (Settlement and dealings in Ordinary
Shares following the US Listing).

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