Diversified Energy Share Discussion Threads

[cassini] 29/11/2023 09:22

Hmmm...

This share is going to be down at least 3.5p tomorrow, but will it drop even more, as it often does?

The price action here coming into ex-dividend is totally underwhelming.

I'm considering whether to sell today, as my third bout of trading this share in the last eight weeks.

Maybe I just lack intestinal fortitude ;0)

[bountyhunter] 29/11/2023 08:41

Yes all smoke and mirrors, I agree that the format of the Advfn RNSs really doesn't help but if their previous level was higher they should have specified that level in the RNS. Not that that anyone seems to be policing these things!

[t 34] 29/11/2023 08:40

Muddy waters , it should be crystal clear .

[laurence llewelyn binliner] 29/11/2023 08:31

It would be very useful if the company had a list of the top ten shareholders on their website to add clarity here, II's buy/sell often moving shares from 1 fund to another so it is very hard to keep track of..

[skinny] 29/11/2023 08:29

Ridiculous isn't it!

[carcosa] 29/11/2023 08:22

I have no idea. But you will also see they have been a shareholder for quite some time by referring to the annual reports going back to 2020

[bountyhunter] 29/11/2023 08:19

So why haven't they reported the previous holding if it was higher than the new holding which they do have to report? Surely that indicates an increase on a previous non-notifiable holding.

[carcosa] 29/11/2023 08:17

It's not what the TR-1 says but M&G has a historic shareholding last reported in the Form 20-F as of June 30, 2023 via the registrars.

[t 34] 29/11/2023 08:17

Yeah,me too, 4% you have to report .

[fordtin] 29/11/2023 08:16

For companies like M&G, BlackRock etc, the 3% rule doesn't apply. They don't have to report until 5%.


If you search through the FCA handbook for DTR/5/1 You’ll find various exemptions for;
market maker,
third country investment firm,
credit institution,
authorised unit trust scheme,
authorised contractual scheme,
recognised schemes,
UCIT scheme,
investment company with variable capital

DTR 5.1.5 “Certain voting rights to be disregarded (except at 5% 10% and higher thresholds)”

[bountyhunter] 29/11/2023 08:11

The reportable threshold is usually 3% (unless offshore in which case 5% may apply). Anyway if previously less than 5% it's still an increase based on the latest RNS.

[skinny] 29/11/2023 08:09

Yes - a new holding.

[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?