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DEC Diversified Energy Company Plc

1,076.00
0.00 (0.00%)
Last Updated: 08:49:35
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
  0.00 0.00% 1,076.00 1,075.00 1,078.00 1,085.00 1,060.00 1,060.00 48,349 08:49:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 868.26M 758.02M 15.7334 0.68 518.4M
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 1,076p. 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 £518.40 million. Diversified Energy has a price to earnings ratio (PE ratio) of 0.68.

Diversified Energy Share Discussion Threads

Showing 9526 to 9549 of 10375 messages
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DateSubjectAuthorDiscuss
26/2/2024
15:20
Tender Offer no less than £9.35 - therefore DEC has now a floor price of £9.35 and this is good for shareholders . You can see shorters that shorted DEC at and below £9.35 have to buy back otherwise their losses will increase . Shorters running for cover 😊 DEC might now bridge £10
stevensupertrader
26/2/2024
15:17
Straight out of the traps in the US.
premium beeks
26/2/2024
15:08
I see the downmarker is on their toes today!
skinny
26/2/2024
15:07
Fordtin - I have never shorted anything in my entire life. I'm not interpreting anything as it is in black and white that the Tender Offer is conditional on several factors one of which is the Tender Price not being less than £9.35 which is a fact.
To imply otherwise is stupid.

scrwal
26/2/2024
15:06
People have had days/weeks to buy ahead of ex-div, and at far lower prices than this. FWIW, I think this is something else.
bluemango
26/2/2024
15:01
Ahead of the ex dividend on Thursday perhaps.
skinny
26/2/2024
14:59
moving up nicely..
tsmith2
26/2/2024
13:46
947.00 - 949.00 (GBX) at 13:43:19
on Market (LSE)

neilyb675
26/2/2024
13:43
scrwal - re "This is a conditional statement which implies that if the Tender Price were to be lower than £9.35 then the Tender Offer fails"

Yeah, I can see that's how a short-seller might want to interpet it.

fordtin
26/2/2024
13:00
Fordtin "e) the Tender Price per Share not being less than £9.35;"

This is a conditional statement which implies that if the Tender Price were to be lower than £9.35 then the Tender Offer fails since " 2.2 The Tender Offer is conditional upon the following (together, the “Tender Conditions”):"

scrwal
26/2/2024
12:32
Buybacks below the NAV per share will increase the NAV further.

Dividends on the shares bought back will not have to be paid leaving more money for further buybacks.

this_is_me
26/2/2024
09:42
Tag57 - I guess we agree to disagree.
As mentioned earlier, if everyone agreed on everything there wouldn't be a market.

fordtin
26/2/2024
09:35
Fordtin, no I am just suggesting that cash included in NAV should surely be on a 1:1 basis therefore any change in the cash balance of the business (via payment of divis etc)should have a 1:1 effect on NAV. If this is the case then the discount applicable to the rest of the company assets is probably higher than just comparing NAV to market cap.
Just my opinion

tag57
26/2/2024
09:33
I bought a few extra shares in the 920's this morning with the sole intent of offering them for tender.

"the Tender Price per Share not being less than £9.35".
A one month hold for a >1% return and further upside potential, with zero downside. Seems like a pretty good deal in the current market.

fordtin
26/2/2024
09:29
Note, btw, how every one of those reasons for current low valuation may legitimately be seen a temporary.

Whatever your views on him, Trump back in the White House should also work in shareholders' favour. November not so far away in the scheme of things.

bluemango
26/2/2024
09:24
I think the confusion here is that you clearly can't view the current situation with any of the 'normal' assumptions. When so many variables are out of kilter (the most obvious one being the current low valuation brought about by a combination of high interest rates, lower energy prices, ESG political correctness & income fund outflows) then analysis that attempts to follow usual conventions is made much more difficult.
bluemango
26/2/2024
09:00
Tag57 - not sure I follow. Are you suggesting cash is the only asset worthy of consideration?
fordtin
26/2/2024
08:53
Fordtin, as the divi is cash leaving the business I would have thought the market cap should drop by the same amount, everything being equal.
This is assuming that as part of the NAV the cash position of the business is included in NAV on a 1:1 basis with the EV of the business just being more heavily discounted than when comparing NaV to share price The opposite would be true if in a negative cash position.
BWDIK.

tag57
26/2/2024
08:37
nigelpm re; “All being equal it will fall by exactly the dividend amount. That's the point.”

The point is actually not that at all.
As the company is trading at such a massive discount to NAV, If the share price fell by exactly the amount of capital returned to shareholders, returning 30% of the NAV to shareholders would reduce the share price to zero but the company would still retain 70% of it’s NAV!

"All things being equal", share price should fall proportionally to the fall in NAV.
As all things are invariably not equal, some people are willing to sell their shares xd at a price which is roughly equal to the pre xd price less the dividend.
I guess the point should be; irrational behaviour is what makes a market.

fordtin
26/2/2024
08:11
A couple of points which are probably worth highlighting;

"(e) the Tender Price per Share not being less than £9.35;

(f) the total number of Shares purchased pursuant to the Tender Price being not more than 3,881,238 Shares"

fordtin
26/2/2024
07:42
RNS;




Circular;



"YOU SHOULD READ THE WHOLE OF THIS CIRCULAR, WHICH CONTAINS THE
MATERIAL TERMS OF THE RETURN OF CAPITAL, AND NOT JUST THIS SECTION,
WHEN DECIDING WHAT ACTION TO TAKE. IF YOU WISH TO RECEIVE YOUR
ENTITLEMENT TO THE Q323 DIVIDEND, YOU DO NOT HAVE TO TAKE ANY FURTHER
ACTION AND YOU WILL BE PAID YOUR ENTITLEMENT TO THE Q323 DIVIDEND ON
28 MARCH 2024."

fordtin
26/2/2024
07:24
All being equal it will fall by exactly the dividend amount. That's the point.
nigelpm
26/2/2024
07:15
Nat Gas +5%
justiceforthemany
25/2/2024
18:19
Thanks for the explanation. I agree the share price will fall by less than the divi everything else being equal.
grahamg8
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