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DEC Diversified Energy Company Plc

1,083.00
-32.00 (-2.87%)
Last Updated: 11:02:04
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
  -32.00 -2.87% 1,083.00 1,083.00 1,086.00 1,108.00 1,079.00 1,084.00 48,767 11:02:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 868.26M 758.02M 15.7334 0.69 522.74M
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 1,115p. Over the last year, Diversified Energy shares have traded in a share price range of 822.50p to 1,937.00p.

Diversified Energy currently has 48,178,835 shares in issue. The market capitalisation of Diversified Energy is £522.74 million. Diversified Energy has a price to earnings ratio (PE ratio) of 0.69.

Diversified Energy Share Discussion Threads

Showing 9726 to 9750 of 10525 messages
Chat Pages: Latest  397  396  395  394  393  392  391  390  389  388  387  386  Older
DateSubjectAuthorDiscuss
07/3/2024
19:18
Exactly, possibly aimed at M&G who may even have been consulted.
bountyhunter
07/3/2024
19:07
Totally true Stevensupertrader. This is why for most PI’s it is not worth the hassle or long term value? However for large MM’s and investment trusts wanting to offload a few £500,000 or 1 million pounds of shares and re-allocate then this offer will be for them!
97peter
07/3/2024
19:00
SST my point was that with the divi being approx 7%of the market cap and the potential for the divi to be reinvested that could exert a fair amount of buying pressure on the SP, potentially pushing the share price beyond the 5% being offered by DEC anyway.
tag57
07/3/2024
18:52
Do institutional investors have to pay capital gains tax? Presumably definitely not if offshore but would still be subject to the 30% witholding tax on the dividend, just to throw another spanner into the works.
bountyhunter
07/3/2024
18:14
Let's hope plenty DO take up the tender offer. Great for the company and continuing shareholders: company uses a tender offeror's accrued dividend to finance its purchase of his shares!!

The tax man will be happy too, as income tax ids paid on the proceeds of the shares, and the sale will not generate a capital loss to set against gains for CGT purposes!!

It seems to me that everyone is a hands down winner except the tenderer of the shares.

Sometimes HL give a warning when they notify holders of offers to tender and opportunities to purchase shares, as in 'the market price is currently lower than the price you would pay if you take up the rights to purchase further shares'. No such warning this time though, save the obligatory warning to think about the tax consequences.

1knocker
07/3/2024
17:50
Sorry if this has been done to death, but regarding the choice of what to do with your dividend payment, I have belatedly been given information by H-L

Important tax consequences of the offer

Please note both the dividend and tender offer proceeds will be subject to tax consequences.
It’s expected the dividend will be treated the same as all US dividends and subject to US withholding tax, unless you hold shares in a SIPP.
It’s also expected that cash received in the tender offer will also be treated as if it was a dividend and may therefore also be subject to US withholding tax.

My DEC shares are in an ISA. I thought one of the advantages of the new scheme was that it would attract CGT (should there be a gain) rather than income tax. But from H-L's guidance, there's no real advantage to selling the shares, because the same tax liability is incurred whether you take the divi or sell the shares

spangle93
07/3/2024
17:48
Thats a cracking interview which even snowflakes might understand
elpirata
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
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