Diversified Energy Share Discussion Threads

[oneillshaun] 27/2/2024 13:26

Why would shorts close this will continue to fall on the 1st one it has gone ex divi plusIt could easily drop to 800p shorters well i control

[scrwal] 27/2/2024 13:08

Fordtin - it's not a case of suggesting, it's a factual condition that they legally have to follow. Yes it is a stupid thing to include as it does create uncertainty but you appear to have ignored a vital interpretation which is - obviously the institutions have been consulted and have agreed the concept and the use of a 5 day average but are they the ones who wanted the minimum price included because they aren't selling below that and want the dividend in full instead - just a guess.
If the original idea was to set a minimum price then the criteria should have been along the lines of the higher of £8.90 or the 5 day average but as drafted it doesn't state that so it's technically very poor.

[fordtin] 27/2/2024 12:03

"we're still paying record high prices at home"

That's probably a result of Comrade Biden trying to force Europe to buy Russian gas.

[deadly] 27/2/2024 11:59

"With natural gas prices hitting multi-decade lows amid an oversupplied market..." and we're still paying record high prices at home!

[stevensupertrader] 27/2/2024 08:33

Bridging £10 now. 😊 👍🏻

[tsmith2] 27/2/2024 07:52

pfc it matters, it's going to cost you either way

[bulltradept] 27/2/2024 07:42

Erm, if I were short it really only matters WHEN I got short doesn't it regarding the dividend payment.

It's entirely possible that the fabled shorters who many seem to be obsessed with on this board, are short from a lot higher up, so, can in fact not bother about the dividend.

[bountyhunter] 26/2/2024 21:34

Today's volume in New York was the 2nd highest so far:

[bountyhunter] 26/2/2024 21:06

What's going on here!? Just below £10 for the LSE close and above £10 equivalent in New York!
Shorters beginning to not fancy paying 87.5c/share on Thursday and subsequently watching the possible pre-tender recovery post XD, and so getting out before the crowd? Surely not!
Just 2 trading days left before DEC goes XD 87.5c.

[premium beeks] 26/2/2024 20:59

What a close!

[justiceforthemany] 26/2/2024 20:58

Up 5% NYSE on very high volume, so what will the excuse be this time in the morning when the share price falls due to shorts?

[premium beeks] 26/2/2024 18:16

And look at the US volume. Gonna be a busy week.

[premium beeks] 26/2/2024 17:53

A fair wind and a bit of a squeeze could see these back at $16 before XD.

[stevensupertrader] 26/2/2024 16:00

Let’s go fly a kite , let’s go fly a kite .
( Mary Poppins ) 😂

[neilyb675] 26/2/2024 15:53

Mr. Banks:
With tuppence for paper and strings
You can have your own set of wings
With your feet on the ground
You're a bird in a flight
With your fist holding tight
To the string of your kite

Oh, oh, oh!
Let's go fly a kite
Up to the highest height!
Let's go fly a kite and send it soaring
Up through the atmosphere
Up where the air is clear
Oh, let's go fly a kite!

Bert:
When you send it flyin' up there
All at once you're lighter than air
You can dance on the breeze
Over 'ouses and trees
With your fist 'olding tight
To the string of your kite

Londoners:
Oh, oh, oh!
Let's go fly a kite
Up to the highest height!
Let's go fly a kite and send it soaring
Up through the atmosphere
Up where the air is clear
Let's go fly a kite!

[fordtin] 26/2/2024 15:46

scrwal - What you appear to be suggesting is that, in the event “the average market value per Share for the five Business Days immediately preceding 27 March 2024” is less than £8.90 Diversified will tell their investors the deal is off.

I really can't see the major shareholders (who were consulted prior to the tender offer being announced) being very chuffed about that!

I suggest that condition is intended to reassure shareholders they will be offered not less than £9.35 per tendered share.

[stevensupertrader] 26/2/2024 15:27

Those shorted DEC at £9.35 or below are running like headless chickens as now there is no way DEC will drop below this Trnder Offer Price . Lots of buying today ( likely shorters are closing their positions rather than taking a heavier loss .

[aleman] 26/2/2024 15:23

UK struggling to keep up. $12.80/1.2675 = £10.10.

[stevensupertrader] 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

[premium beeks] 26/2/2024 15:17

Straight out of the traps in the US.

[skinny] 26/2/2024 15:08

I see the downmarker is on their toes today!

[scrwal] 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.

[bluemango] 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.

[skinny] 26/2/2024 15:01

Ahead of the ex dividend on Thursday perhaps.