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DEC Diversified Energy Company Plc

1,115.00
12.00 (1.09%)
23 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Diversified Energy Company Plc LSE:DEC London Ordinary Share GB00BQHP5P93 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.00 1.09% 1,115.00 1,116.00 1,117.00 1,122.00 1,076.00 1,119.00 593,897 16:35:09
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 868.26M 758.02M 15.7334 0.71 537.68M
Diversified Energy Company Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker DEC. The last closing price for Diversified Energy was 1,103p. Over the last year, Diversified Energy shares have traded in a share price range of 822.50p to 1,963.00p.

Diversified Energy currently has 48,178,835 shares in issue. The market capitalisation of Diversified Energy is £537.68 million. Diversified Energy has a price to earnings ratio (PE ratio) of 0.71.

Diversified Energy Share Discussion Threads

Showing 9176 to 9198 of 10525 messages
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DateSubjectAuthorDiscuss
15/2/2024
08:32
Meanreverter - adding to your point, this could also be of interest to anyone holding shares in a non pension/Isa if paying tax.
Gets 5% share premium
Saves 15/30% withholding tax
Tax in divi income at potentially 20/40% tax.
On second thoughts I will be taking a look at this for my holding on my S&S accounts with HL. As could be quite attractive to sell and repurchase.

tag57
15/2/2024
08:30
They should of stuck to
buy backs, shares bought
back saved the dividend payout,
or have they run out of money
for buy backs?

blue square
15/2/2024
08:22
I'm still trying to get my head around this.

1) Obviously if you do nothing you get the divi minus applicable withholding tax so 85% of the divi for most non sipp UK investors.

2) If you go for the tender offer you get a 5% premium on your sale so receive 105% for the shares tendered? How does that work as you would have the 5% bonus on your sale but have lost the dividend and the shares tendered? Surely I must be missing something! It may depend on the prevailing share price at the time of the tender offer.

bountyhunter
15/2/2024
08:22
No one can understand the RNS
which does not help

blue square
15/2/2024
08:20
For something meant to boost
the share price, its had the
opposite effect,
I will hit my stop loss at
this rate.

blue square
15/2/2024
08:17
The total amount of the tender offer and divi is $42m ie the same as the full dividend.So no extra funds allocated for the tender offer. If you elect to waiver say 50% of your divi then you probably won't get full allocation in tender offer - that's how I see it
croasdalelfc
15/2/2024
08:15
Hi Leon, re #1052 inclusion of notional "hedging losses" is normal practice (e.g. Serica as well) so not bizarre just misleading at first sight. You are right that when the hedged price is greater than spot as now the difference will look a lot more favourable in the results.
bountyhunter
15/2/2024
08:12
Market does not own shares to sell. Only willing shareholders do.
kaos3
15/2/2024
08:10
#Lab305, so in effect this is a USD42M addition option to the buyback but direct from shareholders at a premium and not from the main market, you have been vocal on many times, ref more buybacks so why would this not appease..? :o)
laurence llewelyn binliner
15/2/2024
08:08
If opted for option 2 - os it all your DEC shareholdings or just shareholders can decide ? - so many questions still not mention . Option 1 is cleared but not Option 2 - vague
stevensupertrader
15/2/2024
08:08
Hopefully the tender will be fully taken up and take out ~10% of market cap.
I will be keeping mine

tag57
15/2/2024
08:07
Each seller has a choice now. Now there are 2 markets. One market more. Which pays 5 pc more
kaos3
15/2/2024
08:06
Option 2 : Buying the shares from you without the 3rd. Qtr div or with the div?
Still confusing and unclear to many

stevensupertrader
15/2/2024
08:05
No - they buy directly from you - not in the market.
nigelpm
15/2/2024
08:03
Effect - they compete with shorters to buy big scale.
Shorters got real sized competitor buyer. Shorters will re considwr strategy.

And they offer always 5 pc nore. Lol

kaos3
15/2/2024
08:00
It's not really a "development". They are just saying either:

1) Have your dividend

2) Have a 5% premium on your shares if we buy from you.


Not entirely sure what happens if a large number of holders opted for 2) though.

nigelpm
15/2/2024
08:00
As a first impression, it seems that shareholders are being offered a choice of two options:

(1) Do nothing and get the dividend as usual.
(2) Sell shares back to the company at a 5% premium.

Rationally, the choice should be determined by the tax rate you pay on DEC dividends. This comprises US dividend withholding tax at the rate of 0%, 15%, or 30%, depending on how the shares are held, and UK dividend income tax if the shares are held directly by a UK resident, depending on their individual tax assessment.

For most people, including someone holding DEC shares in an ISA with a non-bank UK provider, it makes sense to do nothing: accept the dividend minus 15% withholding tax.

For those who are uncomfortable with their holding of DEC shares, the offer might provide a convenient exit point.

meanreverter
15/2/2024
08:00
Accounting rules - unfortunately
croasdalelfc
15/2/2024
08:00
The 2nd opinion Ie Tender Offer is a long winded way of explaining ! Mamy cannot fully grab what DEC is saying - Sorry Guys sad 😞
stevensupertrader
15/2/2024
07:57
good move by co
tsmith2
15/2/2024
07:55
This all obscures they bought
back another 60 000 shares
yesterday

blue square
15/2/2024
07:54
. . . plus an extra 5% on the price.
monte1
15/2/2024
07:52
Edit - thanks LLB, seen your edit.

So - they are offering to buy shares from you at an equivalent value of the dividend you would have received. In effect it's a buyback but potentially at a much larger scale, offering to buyback shares directly from shareholders instead of them receiving a cash dividend, if they choose that option. A rather neat way of doing a potentially significant buyback, saving the company future dividend payments on those purchased shares and therefore concentrating the payout on the remaining shares.

I doubt I'll be opting for this as I'd rather have the shares, both for capital appreciation from here, and for future income, but it's a neat idea that could potentially greatly reduce their future outgoings.

bluemango
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