Diversified Energy Share Discussion Threads

[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

[aleman] 03/10/2023 16:26

Gas poked its head above $3 for the 4th consecutive day. Can it stick this time?

[stevensupertrader] 03/10/2023 16:11

DEC needs to stop this before is too late .
Now is on free fall due to lack of buyers and support - soon it will be Amargeddon if nothing is done

[drk1] 03/10/2023 16:11

Good post over on LSE, having seen numerous cases where spooked PI's and stop/loss triggers have caused similar havoc, I remain happy to stay in and no regrets on adding. ;-)

"GG seems to be having some fun at some PIs expense.

He recently wrote: Ask yourselves this one question.

Are we smarter than the whole market, and see what the rest of the world doesn't, namely this is a fantastic company ...

Sounds reasonable, lets try another. Are some of us smarter than a relatively select few PIs that are being scared into selling, probably by shorters that are making on their fear? I don't see any institutions sales - just PIs. Funny that, I thought it was normally the institutions that were better informed. This recent share price recent fall - who has sold and how many shares?

Or another question - are the financial intuitions that invested £134.9m in the equity raise six months ago at a share price of £1.05 after full disclosure and due diligence really that easy to fool, after all the rigor needed to invest 10s of millions they fell for a floored financial model that has been the same for years - yes well perhaps not."

Each to their own. :-)

[stevensupertrader] 03/10/2023 16:09

Once sharesholders / investors confidence is lost 😞- the shares will be on free fall and will be snapped up or go under that how the real world works

[pedro_the_bandit] 03/10/2023 16:09

I have a significant share holding. I started buying at 54p back in the day. I just added another £30K at 72p. It is worth noting that DE has a share buyback programme that shall not exceed 97,410,000 Shares
Do not be surprised to see a bounce.

[lomand01] 03/10/2023 16:06

Not good when the share price is falling. DEC requires shareholder support for its future business.... particularly the institutions who I suspect are not happy. I expect a more oro active response from the BOD not to support the share price but simply to take advantage of retiring expensive equity. As you say plenty of ammo available

[riskvsreward] 03/10/2023 15:55

Unless the share price weakness is doing the company fundamental damage, why would the management panic, especially if they really have the cash to do some serious buyback.

[stevensupertrader] 03/10/2023 15:54

Fallen under 72p still dropping like flies , Good Luck and good hunting or got back into hiding 🙈

[spawny100] 03/10/2023 15:51

Looks like market thinksthey're going to slash their dividend like i3e did.

[stevensupertrader] 03/10/2023 15:29

Someone earlier mentioned that when blood is spilled , time to slaughtered more - easy say than done - how many really dare - I wonder !!!

[stevensupertrader] 03/10/2023 15:27

Now gravity takes hold plus loss of investors confidence will determine the direction DEC. Good luck to those who bought earlier and yesterday and the day before . Hope they don’t desert DEC and buy more now - dividend yield is 19% and still going up 😊

[1knocker] 03/10/2023 15:12

I am inclined to agree. While companies should normally only make statements in response to share price movements when there is a SUDDEN very large movement for no obvious reason, and plenty of other O&G companies have seen drops too (eg i3), the drop in the DEC share price since the dividend was paid has been notably large, particularly coming on top of the previous protracted slide.

The unexpected and (for practical purposes) unexplained departure of the CFO, and the absence so far of any of the significant business developments flagged early in the year, taken in conjunction with the large share price drop do seem to me to warrant an announcement. A reassuring one, I hope!

[cassini] 03/10/2023 15:02

I bailed at about 74.4p earlier on.

Too many eggs in one basket and I just made an 'executive' decision as it were, to reduce risk.

It may well be this will form a V-bottom and rebound bigly in which case you can consider me the perfect contra-indicator ;0)

As a poster mentioned earlier, the macro situation is concerning - the DXY (Dollar Index is 107.07 and the US 10 Year Treasury yield is now 4.70%, actually down a little from earlier. Both of these numbers are indicative of stress in my book i.e. the flight to 'safety' in the dollar and the selling of bonds.

When they come down, or some shadowy entity (The Fed) starts buying up the bonds that are being sold off the market jitters might abate somewhat and yields come under control...

Is that what's causing this waterfall with DEC? I think probably, but the CFO's rapid unscheduled departure with still no sign of a job to go to is probably not helping here.

I'll be looking to get back into DEC when things have calmed down, probably losing out in the process but hey-ho.