Diversified Energy Share Discussion Threads

[marksp2011] 19/9/2023 16:13

For those that are confused

It is not the job of the company to "support the share price" that is market manipulation and results in prison

If people want to sell their shares and the price goes down then so be it. Someone else will buy shares

Share buy backs are supposed to be value accretive i.e. the company is buying back its own shares as they are a great investment.

[scrwal] 19/9/2023 15:49

Link for First Berlin Report

[scrwal] 19/9/2023 15:45

The link to post 1016 in the header does tell you that "The nub of the problem, from what I can gather, appears to be that UK banks are not licensed to deal with W8BEN forms on UK-listed US companies" etc ie 30% tax is deducted.

[spawny100] 19/9/2023 15:29

It doesn't. It doesn't explain that some brokers will deduct the full 30% in an ISA even if you have completed the w8-ben. Might be useful to add that info?

[drk1] 19/9/2023 15:22

Guys - every single time we have a divi we also have the protracted divi broker deabate, whereas there is a link that explains all in the header!!!

[bluemango] 19/9/2023 15:02

That shortfall would, in my case, be hundreds of pounds off my annual payment; certainly enough to change broker.

[spawny100] 19/9/2023 14:29

Should be 15% why with a w8-ben form. But not if you're with iweb or Halifax who take the full 30% off!

[drk1] 19/9/2023 14:26

New note from First Berlin Equity Research. Analyst Simon Scholes reiterates his BUY rating and maintains his GBp 180.00 price target..............

"Abstract:
H1/23 results once again demonstrated the effectiveness of DEC's business model in delivering high profits irrespective of the level of commodity prices. Thanks mainly to its hedging portfolio, DEC succeeded in raising hedged adjusted EBITDA by 26.4% to USD283m (H1/22: USD224m), despite the average H1/23 Henry Hub gas price of USD2.40/MMBtu, which was 60% below the prior year period level of USD6.05/MMBtu.The margin was 52.2% which suggests that the company is well on track to report a full-year hedged adjusted EBITDA margin of ?50% for the sixth year in a row. The DEC share fell below GBp85 on 18 September on news of the departure of CFO Eric Williams, who has been with the company since 2017. His successor, Brad Gray, joined DEC in 2016 as Finance Director and COO before concentrating on the latter role following the arrival of Mr Williams. Mr Gray is a Certified Public Accountant who held CFO positions (at Royal Cup Inc. and The McPherson Companies) for over 10 years before working for DEC. We therefore expect a seamless handover of the CFO role and believe that the decline in the share price is unwarranted and presents a buying opportunity. As we pointed out in our update of 17 July, DEC looks set to be a prime beneficiary of multi-year growth in US LNG exports. LNG export growth is the main reason for the current upward slope in the gas futures curve to an average of USD3.78/MMBtu over the five year period January 2024 to December 2028. The stock's current yield of 17.0% is very attractive, as is the upside potential to our unchanged price target of GBp180. We maintain our Buy recommendation"

[eithin] 19/9/2023 08:23

Many thanks, have in an ISA will contact Chas Stanley. Many thanks.

[bluemango] 19/9/2023 08:19

All explained in the header.

WHT should be 15% (instead of 30%) in an ISA (or any other non-SIPP holding) if you complete a W8-BEN. No WHT if in a SIPP.

[this_is_me] 19/9/2023 08:14

eithin You should not be paying withholding tax. I got the full 3.43p last time in my ISA. If your name is on the share register you need to fill in a WBEN form which your broker should be able to sort out.

The best solution is to have them in an ISA and let the broker sort it out.

[stevensupertrader] 19/9/2023 07:52

If you think usual opening drop - why don’t buy - you must have no confident then!
😊

[11_percent] 19/9/2023 07:19

Usual opening drop......81.20 - 81.60.

[eithin] 19/9/2023 07:17

Help, Withholding Tax. 3.52p div/ - 15% = 2.992p to UK holder.

Have tried above with previous divis but don't get what I receive.
Bit more than just deducting 15%???????

[stevensupertrader] 19/9/2023 07:16

Capitulation - now - new Low

[this_is_me] 19/9/2023 06:49

The drop in the share price yesterday was disappointing, however the dividends since I bought mean that I am about break even in my investment here. I am happy to just collect the huge dividends and consider adding to my holding if the share price goes down much further.

[jurgenklopp] 19/9/2023 06:28

3.52p. Divi for UK holders

[lab305] 19/9/2023 06:19

Well the only good thing is that they only bought 250k shares yesterday to steady the ship. They have plenty of firepower in reserve . The CFO leaving suddenly is bound to cause unease amongst investors but from his recent absence at presentations this has been brewing a while. We know Rusty is extremely dissatisfied with the share price and perhaps Eric is responsible and may have been the architect of the placing.

[imnotspartacus] 18/9/2023 21:32

No smoke without fire.

[bountyhunter] 18/9/2023 21:02

"to pursue other professional opportunities"

It's probably simply another opportunity too good to turn down and they have allowed him to leave at the end of September as they have someone to fill the role with prior experience as CFO.

[scrwal] 18/9/2023 20:58

LLB
For a FTSE 250 company that is an incredibly short time frame for a CFO to exit. Even a small private company would have a longer time frame. Given it's only 2 weeks this is a very unusual situation even if Brad had held the CFO position previously.
It appears to be another snap decision process which is concerning. The change can't have been in the making for any length of time as it would be a notifiable event when the board were told Williams was leaving.
Everything could have been mutually agreed in a short time frame but for a listed company that is not the norm - again something the market doesn't like.

[bountyhunter] 18/9/2023 17:20

So he has prior experience in the CFO role which can't be a bad thing.

[bountyhunter] 18/9/2023 17:19

Today:

Hutson continued, "I am thrilled to have the opportunity to promote and place Brad into the role of CFO, who has a deep understanding of Diversified, having also previously held the CFO position at the Company. Brad has developed strong relationships within every segment of our company, and these relationships position him and our finance teams for future success. Additionally, his promotion and appointment ensures we do not miss a beat in executing our strategy to responsibly deliver long-term value to shareholders."