Diversified Energy Share Discussion Threads

[bountyhunter] 29/11/2023 08:08

So they now hold 4.9%, previously not notifiable.

[bountyhunter] 29/11/2023 08:07

The latest M&G RNS says...

Resulting situation
on the date on
which threshold
was crossed or
reached 4.900034 0.362716 5.262750 50758002
====================== ====================== ====================== ======================
Position of
previous
notification (if
applicable)
====================== ====================== ====================== ======================

[fordtin] 29/11/2023 08:03

carcosa - re "For clarification M&G sold down from 61,964,389 shares (6.41%) to 50,758,002 shares (5.26%)."

That's not what the TR-1 says.

[carcosa] 29/11/2023 07:02

Am not sure I understand the inferences of some posters regarding M&G? Maybe the sarcasm is missed on me.

For clarification M&G sold down from 61,964,389 shares (6.41%) to 50,758,002 shares (5.26%).

[drk1] 28/11/2023 23:02

@wskill - with respect, rubbish, you cannot judge a multi-million £ fund on the basis of one bad investment decision. What concerns me somewhat is with such a quite signifciant buy, who the hell is selling?

[wskill] 28/11/2023 19:51

Not a good sign M$G are the fools that invested more in HOME after the hedge fund highlighted the scam ,also lent £175 million to Home what a lot of twits no due diligence what so ever they do not know what it means .

[drk1] 28/11/2023 19:43

Good interview with Rusty in todays Director Talk

[laurence llewelyn binliner] 28/11/2023 18:17

That is a nice II to have on the register (50M shares 5.26%), they like dividends, collect 20% and payout 10%, some of them to us too.. :o)

Very positive, and before the XD, consolidation and NYSE listing, a TR1 from the other side tomorrow or later this week, I think they get 3 days to declare..?

[11_percent] 28/11/2023 17:10

RNS

M&G buy 4.9%.

Just in time for divi.

M&G are a serious outfit.......must have done their due diligence before buying 4.5%.

[fordtin] 28/11/2023 17:06

M&G showing their hand. Will we see any others following suit?

[t 34] 28/11/2023 10:45

It's just nice.

[imnotspartacus] 28/11/2023 09:44

What’s the significance of the rounding, surely you can only lose no more than a tenner?

[bluemango] 28/11/2023 08:53

Trading on NYSE starts 11th December (just under 2 weeks' time), following consolidation effective next Tuesday. Expect some broker publicity and interest around the 11th.

I've taken the opportunity in rounding up to a multiple of 20, to add enough to make it a meaningful purchase. I believe latest you can do this is Monday 4th.

[fordtin] 28/11/2023 08:17

If management want to get the best deal on buybacks, maybe they should refrain until after xd, then load up during the usual post divi dip.

[michelle74] 28/11/2023 03:54

Is it time to sell before consolidation

[cassini] 28/11/2023 00:32

If so, it could be a new low after Thursday.

[cassini] 28/11/2023 00:29

It's about this 'ere parrot yew sold me not 'alf an hour ago...

[tag57] 27/11/2023 23:47

Cassini, I think if it was going to jump it would have done it by now, after the news of the news of the US listing.

[cassini] 27/11/2023 23:32

If it doesn't start to appreciate somewhat by tomorrow I'll start getting concerned...

It should be showing some life by then.

[1knocker] 27/11/2023 17:43

yes, stevensuper, if all buying stopped the price would indeed tank. I think you will find that is true of any share.

I shall be interested to see what the price does when DEC goes ex div on 30th. Logically it should fall by about the amount of the dividend. If it falls more, that would suggest that the market does not feel confident that the dividend will be maintained. That would not greatly surprise me. I have long thought that the size of the dividend, in conjunction with the strange answers DEC's accounts produce applying GAPP, causes many to put DEC in the 'too good to be true' category. I can only say that it has managed to pay dividends placing it in that category for a long time, through both low and high gas prices and low and high interest rates.

I hope none of the BoD read this post! I certainly do not want to see the dividend 'rebased', even if that might reassure the market! Even though I have a full holding and am not in the market for more, i can live with pretty much any share price provided the huge dividends continue to roll into my account every quarter.

[stevensupertrader] 27/11/2023 12:09

So much buying yet DEC going nowhere plus ex div is on 30 Nov (this week). Dare not think what would be the price after ex- div
Just think if all the buyings stopped!
DEC definitely TANK based on the above two reasons.
Why unloved if DEC is doing so well with such high yield dividend ? Puzzled

[johnhemming] 27/11/2023 09:17

Quite a few rounding up purchases by people preparing for consolidation.