Diversified Energy Share Discussion Threads

[11_percent] 21/9/2023 23:24

This ain't looking good.

If it breaks 80.....there is no support on graph........this is the 4th attempt.

[valuehurts] 21/9/2023 23:16

The last thing we want is this going private.

[lab305] 21/9/2023 13:19

No buyback rns = shares drop . The announcements are probably even more important than the actions. We need consistency and as I have constantly said a sustained effort. I cannot understand their dithering after all it makes glaring financial sense to save 16%+ on every share bought when borrowing is considerably cheaper. They should buy every share back and take it private !

[bluemango] 21/9/2023 12:06

And another boost for dollar against pound with BOE leaving interest rate unchanged while Fed indicating another increase before y/e. All good for our dollar divis

[bluemango] 20/9/2023 14:17

Strengthening dollar is also making this more attractive for UK investors, with its dollar earnings.

[renewed1] 20/9/2023 14:14

Given all of the henry hub futures for 2024/25 are above 3 and theyve stated anything above 3 results in good profits I would have thought they would be in good shape going forward.

[aleman] 20/9/2023 10:12

lab305 - Biden's proposed 4% tax on buy-backs applies to listed and unlisted US companies. Although I don't know details, I would tend to presume it would apply to all US-taxed companies, regardless of where shares were traded and bought back.

Similarly, I would have thought the second bill banning buy-backs altogether might equally apply to all US-taxed companies, regardless of listing. It seems all about US taxes paid and not about where shares are traded. We await details .....

[oneillshaun] 20/9/2023 09:55

Yes I understand that they can only buy a percentage of the daily volume but I think what they have bought so far is not even close to that.

[lomand01] 20/9/2023 08:51

Shaun. There are restrictions on BB based on volume traded to avoid claims of stock price manipulation by the company

[lab305] 20/9/2023 08:18

I would say no. The buybacks are taking place in the UK on the UK stock market and have to be executed by a UK entity, in this case Stifel, and in UK currency.

[aleman] 20/9/2023 07:54

lab305
19 Sep '23 - 18:03 - 5468 of 5471

Aleman that wouldn't affect lse.

Would it affect a US company with a UK listing?

[oneillshaun] 20/9/2023 07:40

These buy back volumes are embarrassing

[11_percent] 19/9/2023 22:34

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

========

Its not about buying........a high proportion of the time.....it opens down, and makes some ground during the day.

[1knocker] 19/9/2023 20:12

'market manipulation results in prison', unless of course you find that you have allzhymers disease prior to sentencing but (uniquely amongst such sufferers) recover subsequently. Its amazing what avoiding gaol time can do for one's health.

[lab305] 19/9/2023 18:03

Aleman that wouldn't affect lse.
Meanwhile approaching 3
NATURAL GAS
2.843 +0.115 +4.22%

[marksp2011] 19/9/2023 17:13

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 16:49

Link for First Berlin Report

[scrwal] 19/9/2023 16:45

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 16:29

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 16:22

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 16:02

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

[spawny100] 19/9/2023 15:29

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 15:26

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 09:23

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