Diversified Energy Share Discussion Threads

[mindthestash] 23/1/2024 16:43

New lows followed by new low......but what happens when the trading statement says the usual,
Usual divi, usual cover and increase liquidity......

Unless they arrest Rusty for fraud the same day its going to skyrocket,

[gonsan] 23/1/2024 16:42

Millipede, a few days ago the company issued an RNS saying that they are not aware of any reasons why the price should have decreased so much.
I read into it that the main conditions remain stable, including dividend.
If they cut it "immediately" they would have been lying on their RNS, wouldn't they?
Also, why would someone list a company in NY if they know it is hopeless, why going through all that pain? why bother?
Maybe I am just hoping and projecting, but I assume we will know in a weeks time

[topazfrenzy] 23/1/2024 16:38

Dividend is now over 30% so a reduction is hardly difficult to predict ...

If they decide to maintain the dividend as is however then these people will burn with their shorts

[topazfrenzy] 23/1/2024 16:36

God these twins are a right pair of ugly boys lol

Look them up!

... they probably follow that idiot Tom Winnifreth and base their *research* and trades on his crazy rantings

[1knocker] 23/1/2024 16:30

I think the scope for further heavy falls should not be underestimated.
With the way GAAP skews the accounts and the US politicos on DEC's case it is difficult to demonstrate that everything is fine, though I expect the news from the company to state that all is on track - if poor results /outlook are reported, the directors would be for the high jump for the last RNS stating that there were no operational reasons to account for the drop in the share price

The drop has been so relentless that there is bound to be a residual market concern which is likely to hold back the share price for quite a while. Frankly, £12 (60p old money) which seemed impossibly low last year could be an aspiration well into this year. £20 (100p old money) which last year seemed about as low as DEC could go is now a very distant prospect. Looked at like that, the shorters probably feel pretty comfortable. Even the ex div date about a month hence may not trouble them unduly, if they reckon a lot of badly shaken shareholders will sell out or at least lighten their holdings as soon as it is in the bag.

One thing has been reassuring to me. Last year the FD departed rather suddenly, but so far as I a aware nothing has been made of that in the present attacks. If there was anything concrete to go on to cast doubt on the reliability of the figures, something would surely have been made of his departure and replacement from within the company.
It is the anxiety that there may have been a bit of 'Enron' type accounting which I always have a nagging fear of where a company seems to be doing far better operationally and is paying a much higher dividend than its sector competitors. The problem is that you do not know until it hacks you in the back of the head and reflect 'those returns should have been a warning ...'

Only one thing is absolutely certain: a 33% dividend and the present share price can't both be right.

I already have a full position, which I am holding. If the price falls low enough though, I shall probably break the rules and buy a few more. How low is low enough for that? Probably about £7.50 if I buy while the adverse winds are still blowing, but anything under £9.00 if I wait until this blws over (as I hope it will). I shall probably go the latter route. Nothing in life is certain, so it would be worth an extra £1.50 to see evidence that the storm is over and thip still seaworthy before committing more capital. Others with no or small holdings could very reasonably decide that thereward of buying before the turn outweighs the risks.

It is extraordinary, but true tat if the dividend holds a SIPP holder would see the cost of an investment today repaid in three years. But there is an 'IF' there. Many a slip twixt cup and lip.Proceed with caution.

[topazfrenzy] 23/1/2024 16:25

I'm hoping for a lower entry anyway so don't really care

[marksp2011] 23/1/2024 16:22

It is really amusing that people are discussing 50 year cash flow forecasts

Let me take out my crystal ball in 1975 and tell you what the markets will look like next year especially the price of gas :)

What a farce.

[hericsaba] 23/1/2024 16:21

Will it bounce back after London closing? (As usual)

[bulltradept] 23/1/2024 16:20

Interesting day at least.

[scepticalinvestor] 23/1/2024 16:12

Squeeky bottom time punters

[the millipede] 23/1/2024 16:11

There are a few of these reports floating around at the moment and at least some cases, eg Gigacloud Technology (Nasdaq), where the share price has shrugged off a short report after the company response.

The report on DEC seems quite adamant that the dividend will need to be cut imminently. It will be pretty easy to refute that, if the company position on things is correct.

[nigelpm] 23/1/2024 16:11

Popit - they have a view in the same way buyers do - nothing wrong with that - if you disagree with them buy the stock. Simples.

[weaverbeever] 23/1/2024 16:10

95% of private investors lose money. Don't have a chance

[popit] 23/1/2024 16:06

Snowcap are just two very bald and very wimpy looking brothers talking their own book

They have just made up and forecast the most damaging figures about DEC that they can to try to make a profit from their short bets and then they have publicised the news all over the internet

It should be illegal

The analysis by several major brokers with a £30 Target Price for DEC and by the Oak Bloke are all just as valid research and analysis for DEC as this nonsense from the Snowdrop baldies who are just talking their own book and short bets

The dividend will not be cut and DEC will be fine

hxxps://www.afr.com/companies/energy/snowcap-behind-the-mystery-uk-firm-that-went-after-agl-20220603-p5ar0i

[topazfrenzy] 23/1/2024 16:04

whites, margin calls destroy outfits like the twins have once a trade blows up in their face

more cheap shares for those that actually know the company in the meantime thank you

[bountyhunter] 23/1/2024 16:00

Volume in New York considerably higher than the previous record and there's still another 4 1/2 hours to go. Awaiting the LSE close for NY to recover if previous patterns repeat.

[jurgenklopp] 23/1/2024 15:58

Some of the institutional investors may be forced sellers if DEC loses its FT250 status thereby requiring a switch into replacements.

[myopia] 23/1/2024 15:58

Blimey they'll soon need to consolidate again...

[shawzie] 23/1/2024 15:41

Interesting to see if any major shareholder is reducing their holding.
Major Shareholders
Name Type Amount Holding %
M&G PLC - 65,225,353 7.04
AXA Investment Managers - 42,517,866 4.59
J O Hambro Capital Management Limited - 42,362,217 4.57
Director Holdings
Name Type Amount Holding %
Mr. Robert Russell Hutson Jr - 24,152,890 2.49
Mr. Martin Keith Thomas - 2,245,000 0.232
Mr. David Edward Johnson - 475,000 0.049
Info obtained from Morning Star.

[lab305] 23/1/2024 15:26

Thanks lonrho.

[aleman] 23/1/2024 15:26

Over 200k volume in NY is highest yet and it's not half way through the day. It will soon be higher volume over there than it is here. If they could just free up the stock from UK holders somehow ....

[tsmith2] 23/1/2024 15:23

Folks forgetting the deal DEC did a couple of weeks ago