Diversified Energy Share Discussion Threads

[bountyhunter] 29/2/2024 12:46

Down 62.5p on the LSE right now XD 69p (87.5c).

[premium beeks] 29/2/2024 12:32

Interesting pre price in the US.

[kaos3] 29/2/2024 12:04

One has to take into account local and specific individual tax rates

Before judging actual net returns

[fordtin] 29/2/2024 11:49

Shares magazine need to get some new envelopes;


“A back of the envelope calculation suggests if all investors were to take the tender offer option there would be a reduction of around 9% in the number of shares in issue. “



The tender offer is limited to a maximum of 3,881,238 shares (~7.99%) by the conditions of the tender offer.

They also say; “The company has made clear it will only allocate around $42 million – the same amount as the cost of the dividend”

It’s not that clear because "Return of Capital of approximately $42 million to Shareholders by way of (i) the Q323 Dividend,
or
(ii) the Tender Offer to acquire Shares in the Company"
makes it seem as though the entire tender offer will be funded by the dividend saving, which is a mathematical impossibility.

If you save $0.875 (~69.2p) per share, you can’t subsequently buy the share for £9.35 solely using the $0.875 (~69.2p)!

To buy the maximum 3,881,238 shares @ £9.35 will cost ~£36.29m(~$45.95m).
The dividend on the remaining 43.7m shares equates to ~$38.24m.

Total cost of ~$45.94m + ~$38.24m = $84.19m.

To remain within the constraints of $42m + $42m would involve a forex of less than £1 = $1.26116, or less shares purchased.

[premium beeks] 29/2/2024 11:49

I doubt it. My profit is in the bank. No one ever got poor banking profits.

[stevensupertrader] 29/2/2024 11:07

Those who sold yesterday before today XD are going to say Ooch ( make a great mistake ) 😊

[premium beeks] 29/2/2024 10:58

Yes, well done, it was the right decision.I sold last thing yesterday at just under 10 quid.

[skinny] 29/2/2024 10:46

I'd say well done to those that bought/added yesterday, but its only 10:45am.

[kaos3] 29/2/2024 10:30

Bingo

Thank you

[blue square] 29/2/2024 10:06

As far as Litigation.
According to the SEC filling
8/12/2023
"We currently face no material
litigation that is expected to
have an adverse material impact"

They certainly don't seemed
concerned about,
Mcevoy vrs diversified

[fordtin] 29/2/2024 10:03

FTSE250 March 2024 rebalance. Diversified confirmed to remain in FTSE250




FTSE 250 Additions ........ FTSE 250 Deletions
Endeavour Mining .......... Easyjet
Kier Group ................ FDM Group Holdings
Wincanton* ................ Tullow Oil

[blue square] 29/2/2024 09:52

It's quite likely it will finish
the day around £9.50.
LSE did not follow NYSE yesterday
they held it back,the gap will
narrow today.
IMHO

[elpirata] 29/2/2024 09:36

the oirish sounding one of course beeks

[premium beeks] 29/2/2024 09:35

Elpirata, you talking about my post or the idiotic below 8 quid one?

[elpirata] 29/2/2024 09:32

Diversified Energy Company earns Gold Standard rating from OGMP 2.0





OGMP 2.0 provides investors with a binary indicator to assess companies’ methane performance. Companies that achieve OGMP 2.0 Gold Standard reporting can be trusted by investors as responsible players when it comes to methane emissions management.

[fordtin] 29/2/2024 09:30

Update on post #1378

I finally got through to an actual human employee at computershare.
She has a copy of the circular, but hasn’t read it or been briefed on the content.

Although she cannot answer enquiries about the content of the circular, provided your shares are not held in a nominee account, she may be able to help you find your Shareholder Register Number, or locate and fill in a form.

[elpirata] 29/2/2024 09:28

Thats a clear leader for moronic post of the day so far.

It doesnt look as though I'll get my sub £9 top up so far, will hang fire & see what happens at US open

[oneillshaun] 29/2/2024 09:21

No doubt it will now continue to drop and fall below 800p

[premium beeks] 29/2/2024 09:10

So results and corporate action shenanigans to come next.Dividend chasers now out of the way, Gas price looks to have bottomed and (imo) should firm as more production goes offline as unprofitable or marginal. Balanced by litigation and macro US environmental challenges.

[nigelpm] 29/2/2024 09:08

Yup - as I previously noted - all being equal it will fall by the dividend amount and pretty much has done.

[kaos3] 29/2/2024 08:51

Shorters are having an effect.in real world each action has an effect whatever it is btw. But what i am saying is

They might have a small loss (In relative terms) on the short position.

But it enables them to load huge amounts of shares at 900 to 1000 levels.

Before closing their short at a loss.

Price goes up, they collect divi and they make huge profits on their position going up, which more than offsets the shorting loses

[this_is_me] 29/2/2024 08:48

Down by approximately the dividend amount - hardly a surprise. The volume is low so far.

[premium beeks] 29/2/2024 08:39

Bounty, the bid is 70p.down from yesterday's closing. Mid and offer are irrelevant.