Diversified Energy Share Discussion Threads

[louis brandeis] 30/1/2024 13:28

Isn't this exciting.

[louis brandeis] 30/1/2024 13:23

Still no answer on the cashflow question raised by the Snow twins.

It is going to continue its slippery slope down.

30% yield is not a free lunch fan boys. ;)

[97peter] 30/1/2024 13:07

All, let things pan out! Stop pontificating about the divi and let it be paid in full for 2024 quarters! The shorters will soon run elsewhere! The buybacks and Director buys will come over the coming months!
All this BS from paid de-rappers and paid shorters on Bulletin board like White123, will soon creep back under their rocks as snakes in the grass unscrupulous shorters.!

This is a well run company, why are people trying to predict 10-15 years ahead and crystal ball stuff on economics, politics or global stuff???
GLA
DYOR which is there and in detail!

[stevensupertrader] 30/1/2024 13:07

Faith such decent trading update result and confirming and maintaining the next quarter dividend plus reduce debt - yet Share price still very much under pressure to move up , in fact moves down

[hericsaba] 30/1/2024 12:54

It looks like we are waiting for the US opening to see which way the share price will go.The results was neutral, no surprises not negative nor positives in, so it might just rolling around the actual level for awhile...

[justiceforthemany] 30/1/2024 12:49

Predictable illegal suppression of the share price by the short sellers. No amount of good news will help here. Seen it all before.
FCA what are you doing about the reports?

[drradcliffe] 30/1/2024 12:00

I think a dividend cut would be a very risky thing to do at this stage. It would send out the wrong message and validate the claims of the shorters. The other issue is the withholding tax for UK shareholders. Many shareholders pay 30% inside an ISA even with the W8-BEN, so the dividend has to be higher to compensate for this.

[bulltradept] 30/1/2024 11:54

Cassini!

"Bull, I added a few more on Friday last and am up to my limit now. Well, somewhat beyond it to be truthful"

I hope you've taken up religion!

[fordtin] 30/1/2024 11:51

Bluemango re; ” but I don't think, say, a halving in the payout is to be feared at the current well subdued valuation and resulting still-excellent yield.”


A dividend halving would probably be the straw which would break the camel for many shareholders, imo.

The highest price I’ve paid for DEC shares was a dividend reinvestment @ £25.68 (128.4 in old DGOC money).

My dividend yield on those shares is 9.1% after paying 15% withholding tax. If they cut the dividend in half, I would only receive 4.55% dividend yield on those shares.

As far as I’m concerned, cutting the dividend down to 4.55%, especially after a 73% loss of share value, I would consider to be a total betrayal of my trust in management.

I doubt very much that I'd be the only shareholder who would realise their losses to seek somewhere (hopefully) trustworthy to invest whatever I could salvage.

Two examples of companies which betrayed their shareholders' trust by cutting dividends, are RGL & i3e. Both of which saw an immediate sell off after cutting dividends, with no sign of recovery many months later.

[bountyhunter] 30/1/2024 11:51

I agree. They see a spade as a spade over there.

[sogoesit] 30/1/2024 11:45

Management need "to go shopping".... soon, in my view.
(Two years at 10% decline is not insubstantial).

[assagai] 30/1/2024 11:41

If I were DEC I'd hold off on the buybacks for now. Better to do it closer to the ex-dividend date to add firepower against the shorters and watch them burn,

[cassini] 30/1/2024 11:38

Bull, I added a few more on Friday last and am up to my limit now. Well, somewhat beyond it to be truthful 😅

[leoneobull] 30/1/2024 11:37

Yanks will love these numbers. Watch it bounce this pm

[bluemango] 30/1/2024 11:36

Presumably with the TU released we are out of closed period now and buybacks could resume with a vengeance?

Would seem an opportune time.

[elpirata] 30/1/2024 11:32

SP Angel

Diversified Energy Corp (DEC LN) 966p, Market Cap £464m: FY23 EBITDA exceeds expectations

[bulltradept] 30/1/2024 11:28

Short attack! Money to be made long!!

Come on Cassini!!

[laurence llewelyn binliner] 30/1/2024 11:11

Winnefroth getting himself into a lather is he, cover that short.. :o)

[bluemango] 30/1/2024 11:10

Good point about the 15% yield even if they halved the dividend - it certainly looks already priced in and I even think we could actually see a decent price recovery if that occurred.

Would much rather see a maintained dividend of course, but I don't think, say, a halving in the payout is to be feared at the current well subdued valuation and resulting still-excellent yield.

[1knocker] 30/1/2024 11:05

I bought a few more this morning at 965.

That takes DEC a bit above my weighting limit in the portfolio, but with about 7% of the cost of the top up coming back (they are in a SIPP) in a couple of months it is a risk I am prepared to take now that we have good 2023 figures in.

Probably more thrills and spills to come, but with the O&G sector under the cosh and DEC under attack, now has to be the time to buy provided the company survives! If the dividend were to be halved, today's purchase would still yield about 15%.

[elpirata] 30/1/2024 10:37

Oh dear, toys being thrown out of pram already but no rebuttal of the reported numbers


Share Prophets
@ShareProphets
Diversified Energy (#DEC) – attempted ramptastic “Trading Statement”

[11_percent] 30/1/2024 10:19

Looks good to me......particularly like the debt reduction.