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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 | |
---|---|---|---|---|---|---|---|---|---|---|
17.00 | 1.38% | 1,248.00 | 1,250.00 | 1,255.00 | 1,251.00 | 1,200.00 | 1,200.00 | 176,892 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 868.26M | 758.02M | 15.9479 | 0.78 | 585.11M |
Date | Subject | Author | Discuss |
---|---|---|---|
07/3/2024 16:54 | tag57, Div is paid on 28 March and this deal is also closes . So even you receive the div , it won’t make any diff as the deal on option 2 is closed and no buying can move the share price up | ![]() stevensupertrader | |
07/3/2024 16:49 | I can imagine the share price moving up by more than 5% once the divi starts to hit holders accounts and gets reinvested. If you are a higher rate tax payer and hold the shares outside of a SIPP or ISA then the offer may be worth taking a look at. | ![]() tag57 | |
07/3/2024 16:49 | DEC should on Option 2 states that Q3 div shoukd keep the div . and if any shareholder would like to sell the holding the share price will be 5% more and then this makes this option 2 deal attractive but in the current situation where share price is lingering under £10 , who the hell will choose Option 2 ??? | ![]() stevensupertrader | |
07/3/2024 16:45 | Fully agreed with you . To me this smells and if share price stays £10 or under till 26 March , Option 2 deal will fail badly | ![]() stevensupertrader | |
07/3/2024 16:19 | Perhaps I am just thick, but why would I give up a dividend and recoup approximately the amount of the dividend given up by sale of shares, rather than receive the dividend AND keep all my shares, or receive the dividend AND sell shares in the open market if I want to reduce my holding? The shares are being valued for the tender offer at an ex dividend price, plus 5% which is less than the aprox 7.5% (quarterly) dividend? | ![]() 1knocker | |
07/3/2024 14:11 | My calculation £14 LSE market is the even level , over £14 Option. 2 begins to see the advantage. Imo | ![]() stevensupertrader | |
07/3/2024 14:09 | To be exact £14 in the LSE is equal to the 5% - if US $ exchange rate stay the same. Therefore £14 is about the even equal level . If share price is over £14 in LSE ,option 2 starts to be in the advantage imo | ![]() stevensupertrader | |
07/3/2024 13:57 | Unless share price went to £17 or more than the 5% is worth more than the dQ3 dividend of 69p if no withholding tax) imo | ![]() stevensupertrader | |
07/3/2024 13:52 | My understanding is - if qualifying shareholders opt for option 2 , the shares will be paid 105% on the market share price ( 5 days averaging share price from 22 March to 26 March) but won’t get the Q3 interim dividend. This not a good deal . The Q3 dividend even taking into account of US withholding tax of say 30% is still worth more than the 5% which DEC is willing to buy back the shares. - do your own calculation imo - OPTION 1 is definitely is worth more at the current share price imo | ![]() stevensupertrader | |
07/3/2024 13:10 | Lol, I guess the subtext is; if you understood it, you wouldn't like it. So it's better for you to remain confused. | fordtin | |
07/3/2024 12:44 | Well, I guess you got your answer! The company did not suggest at any stage of the process that it would leave you any the wiser! | ![]() 1knocker | |
07/3/2024 12:14 | I posted the following 8 days ago; If you email DEC with enquiries about the Tender offer, they will send the following reply; "Diversified has engaged Computershare Investor Services PLC to act as Receiving Agent in the United Kingdom and Georgeson LLC as Information Agent in the United States to service holder queries such as this. I would encourage you to reach out to the appropriate Agent based on your geography and shareholding, at the contact information provided below. Computershare Investor Services PLC +44 (0)370 702 0151 Georgeson LLC +1 866 889 3010" If you phone Computershare now, you will be advised to call back later or go to their website. The website will lead you through a web of irrelevent FAQ's. When you eventually find "send an enquiry", you will get the following response; "Enquiry Successful Your enquiry has been successfully submitted and you should receive a response within 10 working days. Please await our reply before contacting us regarding your enquiry. " This morning I received the following emailed reply; "Thank you for your recent communication. Stockbroker For your information, as you are not a shareholder registered on the Diversified Energy Company Plc register you will need to contact your stockbroker directly" | fordtin | |
07/3/2024 08:20 | Thank you Aleman. I've been thinking along those lines for a while, but couldn't come up with a suitable pairs trade for DEC. Your example sounds very plausible. | fordtin | |
06/3/2024 23:10 | People need to remember why some short. It might not be a pure short trade for instance. A gas price bull might place a pairs trade, shorting DEC and longing a less hedged producer. DEC investors might only see the short here and think they are suffering when they are in fact coining it from the other company going up faster, leaving them not too bothered about closing and less worried about dividends than some might expect. If the gas price fell however, then the short here would look profitable but the long of the less hedged producer would be more painful. I'm not saying that is definitely the case here but pairs trading and other strategies can produce positions that look odd in isolation but are perfectly sensibly in the wider picture. Shorts might not need to be quickly closed if DEC's price rose so long as the other related aspects of the strategy are making money. | ![]() aleman | |
06/3/2024 22:04 | The Oak Bloke this evening: DEC (an OB 20) Speaking of budgets… is the budget for tenders at DEC 68.9p a share or 72p? The 68.9 vs 72 debate rages on and on with dozens of posts debating the issue daily. Gas price? Who cares. Now Ivor has this many shares…. The Oak Bloke thinks he cracked the puzzle and even worked out a formula to know the optimal tender price to be worth sacrificing dividends. Did Rusty know he’d created a new form of Sudoku, hundreds seemingly pondering the puzzle? | ![]() bountyhunter | |
06/3/2024 21:26 | Volume greater in US than UK for the second day in a row. | fordtin | |
06/3/2024 20:08 | He's just a gonad, best filtered. | ![]() premium beeks | |
06/3/2024 20:01 | JusticeTell us all what is illegal. You can short it if you want to | ![]() marksp2011 | |
06/3/2024 18:29 | DEC have just issued 'LLC Notice of Issuance of Subpoena to Testify at a Deposition in a Civil Action to Ohio River Valley Institute' & 'LLC Notice of Issuance of Subpoena to Testify at a Deposition in a Civil Action to Ted Boettner' The gloves are off, lets see how those allegations & debunked reports perform under cross examination on oath | elpirata | |
06/3/2024 18:23 | All, the tender offer is I think mainly for the MM and II’s institutions to move shares and money about before tax year end. For private investors who may have say 2,0000-3,000 shares it is a choice of keep the divi for most of your shares and sell/tender a small % if they want extra funds? Or just keep and hold and await the big jump, once end of year results and another 70p divi in next quarter announced, the shorters will leave, the share price in both UK and US will align better and be about £14-£16 by August. | ![]() 97peter | |
06/3/2024 18:19 | not only in the face | ![]() gonsan | |
06/3/2024 17:45 | This comes direct from CEO of Walleye, the main fund shorting / manipulating DEC : "The job of being a PM (portfolio manager), whether you're quantitative or fundamental, is psychologically extremely toxic because you're going to be wrong basically just as much as you're going to be right. You're going to get kicked in the face a lot, and you're going to be someone who's the smartest person that they've known their entire life, and then they're just going to get beat up all the time."Toxic sums it up nicely. Let's also hope they get kicked in the face. | alanpro1 | |
06/3/2024 17:36 | Shorters are digging themselves a deep hole. Of the 220k shares traded on the LSE yesterday, 57k of them were shorts. Imagine having to sell over a quarter of the volume in the most manipulative way and it still goes up a few pennies! I can start to feel the squeeze already, especially now volume has dropped so they can't close so easily. Burn. shorttracker.co.uk/c | alanpro1 | |
06/3/2024 16:34 | i like the chart | ![]() kaos3 | |
06/3/2024 16:00 | yeah . thank you for the tender offer info unchartered territory meanwhile then tender offer news and cash to add if interested i do not expect an asset buy meanwhile. lots of activity around the listing, attacs, running the business - and if they are doing - i expect them to be growing the well retiring business activity. both needed and profitable and risk reducing with quite some space to grow before diminishing returns kick in and it is good for the planet, which i like | ![]() kaos3 |
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