Diversified Energy Share Discussion Threads

[lab305] 04/10/2023 09:52

Steven. Perhaps a course in English may be to your benefit.

[stevensupertrader] 04/10/2023 09:44

No one can buck the market famous Margaret Thatcher words . Dec Buyback currently is just throwing good money away

[stevensupertrader] 04/10/2023 09:39

Norman Lamont , Chancellor of Jan Major, tried to defence by raising interest rate and George Soros sold the £ at that time ( maybe you were young at that time and didn’t know this ) Eventually George Soros broken the Bank of England . No one can buck the market even how wealthy a Company is !!!!

[stevensupertrader] 04/10/2023 09:34

Lab305,
One cannot buck the money as what Maggie Thatcher famous words . How can DEC mounts a share buyback or throwing valuable money into falling shares . Can’t you see the capitalisation value of DEC assets has fallen in the last few months over 20% and still falling this making DEC less valuable

[lomand01] 04/10/2023 09:30

Agreed. It's the old dilemma of investment vs BB's. Any acquisition would have to be @ PV 20-30 though to compete with "risk free" 12% from a BB... interesting dilemma

[lab305] 04/10/2023 09:26

Well the last so called "accretive " purchase has cost us very dear.

[laurence llewelyn binliner] 04/10/2023 09:20

Waiting for next over leveraged player to become a forced seller of assets and then picking up their portfolio of accretive gas reserves would be a better use of capital IMO, after all we are trying to build and grow the company not shrink it.. :o)

[lab305] 04/10/2023 09:13

marksp2011 Don't take that highhanded tone with me. There are many holders clamouring for the buybacks to be more consistent and sustained. You blame the rise in bond yields for the present woes . Rubbish. I want Dec to mount a share buyback to counter the large institutional seller that has been disposing of stock for some time. Those disposals need mopping up with matching firepower.
Since Dec has very long term borrowing agreements in place they are to a large extent shielded . There will always be some contagion from the wider market but this company has dropped 50% in a 13 months , a company by the way that is largely hedged with high visibility going forward . Since its profits are fairly predictable and gas is rising it can easily afford to buy shares thereby now saving close to an eye watering 18% on every dollar spent. Even if it had to borrow at 8% it would still be 10% better off. It's a no brainer.

[marksp2011] 04/10/2023 09:03

extreme fear?

I put myself more into a "mildly annoyed" category
I have a balanced portfolio maybe that's the difference?

[topazfrenzy] 04/10/2023 08:48

We are in EXTREME FEAR territory

do what you have to do .....

[stevensupertrader] 04/10/2023 08:47

Fear n greed that make many go under unless one got deep pocket and willing to throw and lost all . This is the materialistic world we are currently living . Money talk . Could be an opportunity but who dare ?
Talking is easy doing is another .

[topazfrenzy] 04/10/2023 08:42

Fear and Greed .. that's how the stockmarket operates

act accordingly

[marksp2011] 04/10/2023 08:22

LabGlobal markets are falling but you want DEC to mount a share buy back to counteract the rise in bond yields and an expected global recession.How do you think that's going to work. Educate us please

[fordtin] 04/10/2023 08:19

On a slightly brighter note, yesterday's 350,000 buyback only cost £259,770, compared to Monday's 350,000 for £276,430. That's a saving of £16,660.

If the current trend continues, they might be able to buy back the entire 97,410,000 shares for less than £10m. A potential saving of £87.4m!

[croasdalelfc] 04/10/2023 08:08

Did those late reported trades 1m at 71.8 and 500k at 72.x mark the low? Let's see

[lab305] 04/10/2023 07:12

They need to up their game considerably. Up to 25% of the average daily turnover in shares is allowable . They have been buying nowhere close to that and yesterday's 350k is pathetic under the circumstances. Their lack of commitment is to a large degree responsible for the present rout .

[croasdalelfc] 04/10/2023 06:36

The best HH price since June 22 . Oh well

[marksp2011] 04/10/2023 05:11

TagIt is odd that many posters are looking at DEC. There is no buyback the company can do that will counteract gilts and US Treasuries at 20 year high yields. Babies are going out with the bathwater all over the shop.LGEN mng Aviva are all on high yields, all growing all with sound businessesThe discount on some renewable trusts is nonsensical UKW BSIF TRIGI doubt things will change markedly until rates start to fall again or at least stop rising.If I can't get over 5% risk free how much more do I want for an aim listed natural resources company with some wobbliness in the leadership and a record of diluting holders.Just about everything is struggling

[lab305] 03/10/2023 21:41

Wow 209 posts on lse Dec thread just today . Mind you gg has infected it like a virus!

[scrwal] 03/10/2023 21:38

I believe the underlying fundamentals appear to be sound but:
1. The snap placing did not impress the market
2. The way the buyback is being done currently is far too similar to what went on
prior to the placing so it's odds on the market thinks something similar is in
the pipeline.
3. The rapid exit of the CFO clearly has rattled the market and may have lead to
confusion as to what really caused the exit - market doesn't believe what the
company said so is there a financial problem of some sort?
4. Rusty yakked about how big and transformational this year would be - complete
beep so far = big miss interpretation by the market
5. There was no Oaktree participation this year and the deal expires within a week.

A lot is directly down to the management and its failures to learn from the first snap placing and the fall out that it caused , a wishy washy buy back being done not once but twice and an abrupt CFO departure.
Add on top the macro environment not going the company's way and you end up where we are now.

Will things improve - well if the macro turns worse then the share price is in trouble. If the macro goes our way then the price should move upwards but it will be severely hampered by the adverse market sentiment.
The share is firmly in the doghouse with the key being thrown away.

I am still holding and will be happy to sell once my breakeven price is met which is significantly below my expectations at the end of July.

[cassini] 03/10/2023 20:33

US 10 year Treasury up to 4.81% now, deffo stress hitting the bond market (bond selloff) as yields don't normally zip up like this they should move in a more stately fashion.

DOW below 33,000 (-1.5%).

Not sure this bodes well for tomorrow, but it'll probably be interesting...

[lab305] 03/10/2023 19:42

Well to those that told me to FO and that my posting smacked of panic events have now proven my concerns justified. Because of the dithering execution of the buybacks both before and after a disastrous placing we are here. I have no idea how they can steady the ship . They have let things go too far. We are back to where I first bought the shares 6 years ago. Terrible .

[topazfrenzy] 03/10/2023 18:18

Went long with a CFD near the close to add to my ISA position that I already have

This is being priced for failure and that is not the case at all ... buy the carnage imho

[tag57] 03/10/2023 17:55

Hi Mark,
My hit today was a lot worse as I am also exposed to I3E - down 6% today.
I found one of the benefits of ITs was that as they do not all issue updated prices each day down days were softened and up days muted. Certainly less stressful than directly invested AIM stocks!

[marksp2011] 03/10/2023 17:40

44 Equities in my portfolios - Mostly ITs

I am down about £11k today

33 Red 6 Blue 5 unchanged

Nothing special about DEC it was a "risk off" day