Diversified Energy Share Discussion Threads

[asp5] 03/4/2023 09:36

spangle, DEC have already shown how EBITDA will develop. On p186 of the annual report, DEC's Pro forma Adjusted EBITDA, inclusive of Tanos II was stated as $681M.

The Cenkos target price would still put the dividend yield at ~9% at current exchange rates. Given that further acquisitions are nailed on based on Rustys comments, a higher target in my view is justified from a value perspetive.

[spangle93] 03/4/2023 09:14

"We expect further rises in adjusted revenue and adjusted EBITDA in 2023, driven by a full years’ contribution from last year’s acquisitions and a more robust outlook for Diversified’s hedged portfolio.

With a current liquidity position of US$190m and limited competition we see the potential for Diversified to make further acquisitions in 2023 at accretive multiples."

You read it here first

[bluemango] 03/4/2023 09:10

Buy note just out from Cenkos, btw.

Target price 153p.

[bluemango] 03/4/2023 09:10

#4577 Lab305, if you check any of sst's posting history you'll quickly see he is using any spurious means possible in an effort to dissuade buyers.

Filter/Ignore!

[1knocker] 03/4/2023 09:01

Looks to me as though the key lies in the word 'Philippines'.

[lab305] 03/4/2023 08:10

Stevensupertrader if you live in the UK you should be paying 15% . Absolute fact. Apparently some brokers are taking 30% from clients with complete disregard for the W8 Ben form. This is absolutely unacceptable. If you think this wrong buy some with another broker who abides with the law .

[rik shaw] 03/4/2023 08:07

Not in my HL SIPP. Make sure your W8 BEN is current.

[garycook] 03/4/2023 08:05

Re: DEC Dividend - 04 Oct 2022 - 07 Oct 2022
Dear Mr Cook

Thank you for your email.

I can confirm the holding Diversified Energy Company Plc in your HL SIPP will still incur the full US withholding taxes of 30%.

As the Philippines is not a country which has the same tax arrangement which falls under the W-8BEN you are not eligible for the treaty rate of 0% US withholding taxes regarding income in the SIPP from Diversified Energy Company Plc.

I hope this has been of assistance to you. If you have any further queries please do not hesitate to contact us on 0117 900 9000.

Kind Regards

Andrew Maharaj
Dividend Department

[bluemango] 03/4/2023 08:02

Can't believe this is still being argued about when it's all explained in the header.

Situation should be:

None/zilch/zero tax if held in SIPP

Otherwise:

30% withholding tax if no W8-Ben
15% if W8-Ben paperwork has been completed.

[stevensupertrader] 03/4/2023 07:58

Go check yourself on Google on US withholding tax on dividends if you don’t believe me - and it clearly states 30% . Don’t listen to some B. S on this board !!!!

[stevensupertrader] 03/4/2023 07:48

US WITHHOLDING TAX IS 30% if received in US $ dividend on DEC that is the true accurate fact from my broker Interactive Investor and that is what I received net of withholding tax of 30% and I even queried with Interactive Investor why others on this board said was just 15%!!!

[gary1966] 02/4/2023 13:16

Not unless you're a subscriber.

[adg] 02/4/2023 12:54

This link may work for full article;

[loafingchard] 02/4/2023 12:27

Skinny My broker requires the former to be renewed every three years. You may be aware or may need to check it's still in force.

[skinny] 02/4/2023 10:35

Hi Lord Gnome, I've had a W-8BEN for years, harping back to when I used to do quite a lot of US trading.

So the full fat for me.

[lord gnome] 01/4/2023 20:48

Less any withholding tax, skinny? In my case less 15% which, is exactly what I got.

:-))

[skinny] 01/4/2023 13:31

I'm not sure why there is confusion about the dividend rate.

From the RNS on the 14th :-

"The Company announces that Shareholders who have elected to receive their dividends in GBP sterling will receive an equivalent payment of 3.61 pence per share, based on the 10 March 2023 exchange rate of GBP 0.82609=US $1.00."

Which is exactly what I got - a multiple of 3.61p?

[1knocker] 01/4/2023 13:16

It will be handy to accumulate dollars ahead of dollar share purchases, assign. That will save on the exhchange fee when you receive the dividends and when you buy shares in dollars.

So far as I am aware, HL does not allow SIPP holders to accumulate cash in dollars. If anyone knows otherwise, I would be interested to hear!

[carcosa] 01/4/2023 10:26

Not sure I would take anything of value from that puke website! Just another hype kiddo website. Blocked!

[rhubarbcrumble] 01/4/2023 10:02

You might like to know that according to WalletInvestor.com, DEC is an "awesome" investment.Have a look!

[loafingchard] 31/3/2023 14:39

Exactly Cassini, you can only hold GBP in an ISA .

[lonrho] 31/3/2023 13:52

Tipped on 2 page spread in today's Investors Chronicle.

[fred177] 31/3/2023 13:30

Thanks Cassini just checked also received mine in US dollars