Diversified Energy Share Discussion Threads

[topazfrenzy] 17/1/2024 15:39

Says Whites who got into PFC before its latest descent towards hell lol

I made 60% off PFC and put it in here so happy to keep collecting the divis until this recovers ... my average is low here so not worried, added to my SIPP earlier today on the big dip

Anyway, whites is obsessed with my trades and investments for some reason ...

[whites123] 17/1/2024 15:17

topazfrenzy17 Jan '24 - 10:51 - 240 of 255

Oh dear Topaz, you really need to read investing for dummies.

New lows to be tested and now down further 25% since you started pumping it.

[fordtin] 17/1/2024 15:15

johnhemming - re; "(I was tracking this before Xmas)." my tracking spreadsheet is showing the following table. Please highlight any errors.



17/01/24
 
 
 




 
 
 
 


Shares bought back
 
 
756,762


Total cost of buybacks
 
 
£9,835,872.82


 
 
 
 


Average price
 
 
£13.00


Average price in old money
 
 
£0.65


Dividend saved p.a.
 
 
£2,089,232.23


 
 
 
 


% of original issue
 
 
1.558%


% of current issue
 
 
1.584%


 
 
 
 


Buyback duration (calendar days)
 
 
204


Buyback duration (days market open)
 
 
133


 
 
 
 


Average buybacks per calendar day
 
 
3,710


Average buybacks per trading day
 
 
5,690


 
 
 
 


Maximum buybacks Remaining
 
 
4,113,738


Maximum spend remaining
 
 
£87,564,127.18


 
 
 
 


Maximum calendar days remaining
 
 
164


Maximum trading days remaining
 
 
115

[sbb1x] 17/1/2024 15:08

Hopefully they buy another 100,000 shares today

[parob] 17/1/2024 15:06

A reversal back up to a close of 10000 or above would be very bullish.

[johnhemming] 17/1/2024 15:01

>Given they spent c.£1m yesterday. They (the mgmt) clearly do unless I've missed something?
They have liquidity of around USD170m. This is enough for an acquisition. They are also making extra cash each day. If they did not want to do an acquisition they could probably spend up to their total declared limit of USD100m. I think they have only spend around USD20m so far. (I was tracking this before Xmas).

[andymunchkin] 17/1/2024 14:38

@ bOUnts U reCon tis cAn eVen oOT @ 5oop?

[sbb1x] 17/1/2024 13:38

Whites, you should be more worried about your investment on PFC

[scrwal] 17/1/2024 13:09

The dire share price situation could be attributed to the board actions and words last year.
Rusty was saying 2023 would be transformative - implying big deals maybe but kicked things off with a snap placing with exactly the same results as the previous one, a share price drop and market uncertainty again.
Then no further acquisitions but the macro environment was deteriorating so things continued to drift downwards.
The CFO leaves and is immediately replaced , albeit internally, but that was quick for a quoted company.
Rusty announces his ambition to have a dual listing is no more - the market value is well below the $2bn target.
It's then announced that there is going to be a US listing but a large share consolidation has to take place and no new shares will be issued causing reduced liquidity in the UK and initially chronic US liquidity. The consolidation looked to be overdone but is actually a good thing because a 1:10 would now be heading towards causing potential US listing problems.

Now that the company is US listed it means far greater visibility in the US not only for good financial reasons but also the bad narratives previously created that related only to some small UK company but now those people can now complain to their Senators about a listed US company. Such things may be meritless but in the good ole USofA stranger things happen and the amount of litigation is OTT but this is what the company has to look forward to - a shed load of uncertainty and what does the market hate.

[loganair] 17/1/2024 13:01

Investment and trading firms make fortunes from turbulence in the markets and any single company share.

[tag57] 17/1/2024 12:49

Whites123 - so what is your plan? Buy lower, just comment on the daily price movement, close your short?

[whites123] 17/1/2024 12:33

New lows today.
I foresee new lows tomorrow and likely New lows Friday.

Its dire.

[bluemango] 17/1/2024 12:26

The point is, in an ideal world they'd not be doing buybacks and instead using resources to buy assets. But while the temporary opportunity to save on dividend costs exists, clearly they're going to be taking that.

[nigelpm] 17/1/2024 12:22

I don't understand this point

"They really don't want to spend their liquidity on buy backs at the moment."

Given they spent c.£1m yesterday. They (the mgmt) clearly do unless I've missed something?

[imnotspartacus] 17/1/2024 11:53

If this doesn’t go well the missus will have the suitcase at the door.

[imnotspartacus] 17/1/2024 11:52

Decided to buy my very very very last tranche, that is it I mean it this time…unless it goes to £8 that is!

[johnhemming] 17/1/2024 11:48

The big issue is whether they announce another acquisition funded by the DP Lion liquidity or not. They really don't want to spend their liquidity on buy backs at the moment. If they are not doing a placing (for now) the share price is a short term issue.

[bulltradept] 17/1/2024 11:42

£9.52 (s2) ish is the bottom atm.

[nigelpm] 17/1/2024 11:37

I'd flag my earlier point.

Short positions and buyback combined with confirmation of dividend........

[hernando2] 17/1/2024 11:32

Well i have been buying as the share price falls, something is very odd indeed a dividend of well over 20% and a massive share buy back from the company yesterday.

It will be interesting to see what happens over the next couple of months.

[sbb1x] 17/1/2024 11:29

The market has destroyed most share prices. Just a waiting game for them all to turn.

[lawson27] 17/1/2024 11:26

Jeeez! wheres the bottom?

[fordtin] 17/1/2024 11:19

podgyted - depends how it performs against these other candidates leading up to the March review;



Code
Name
Market cap (m)




 
 
 


JUP
JUPITER FUND MANAGEMENT PLC ORD 2P
422.63


FXPO
FERREXPO PLC ORD 10P
438.43


EBOX
TRITAX EUROBOX PLC ORD EUR0.01 (GBP)
450.2


ESNT
ESSENTRA PLC ORD 25P
454.8


HOC
HOCHSCHILD MINING PLC ORD 1P
458.64


TLW
TULLOW OIL PLC ORD 10P
473.46


MEGP
ME GROUP INTERNATIONAL PLC ORD 0.5P
478.43


FDM
FDM GROUP (HOLDINGS) PLC ORD 1P
479.55


FSG
FORESIGHT GROUP HOLDINGS LIMITED ORD NPV
482.81


PHI
PACIFIC HORIZON INV TST PLC ORD 10P
486.58


DEC
DIVERSIFIED ENERGY COMPANY PLC ORD 20P
491.34

[topazfrenzy] 17/1/2024 11:13

Dividend yield now standing at 28%!!