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DEC Diversified Energy Company Plc

1,089.00
-26.00 (-2.33%)
Last Updated: 11:42:42
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
  -26.00 -2.33% 1,089.00 1,089.00 1,093.00 1,108.00 1,079.00 1,084.00 60,204 11:42:42
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 9776 to 9799 of 10525 messages
Chat Pages: Latest  397  396  395  394  393  392  391  390  389  388  387  386  Older
DateSubjectAuthorDiscuss
09/3/2024
17:17
I was then a staunch Labour voter and since Maggie became PM. I switched to Conservative and never look bad since .
stevensupertrader
09/3/2024
17:09
Well, I was then a poor working class living from hand to mouth and renting in a tiny room in 1976 . By her policy , I benefited and took advantage and now owning several properties in London . I don’t have anything bad to say about her policies . I stretched out both hands to embrace her capitalist policies 😊 .
stevensupertrader
09/3/2024
16:49
Well I'm not sure about that, good for tennants who could afford it but that policy decimated the stock of council houses available. The only thing worse than selling the family's silver was selling the family's gold - Gordon Brown sold off half the country's gold in a series of auctions and did it when prices were low!
bountyhunter
09/3/2024
16:07
But She made many normal working class became middle class by her privatisation policy otherwise she won’t have lasted 3 terms plus her housing policy too made many reliving in Council flats to buy their own homes and that another of her good policy 😂
stevensupertrader
09/3/2024
15:59
I wouldn't say that; DEC produces in one of the most stable economies in the world as opposed to a war zone.
As for Thatcher I wouldn't pay attention to her ideas either, look at how many of the privatisations have worked out!
Results will be down as gas prices have moved lower but largely protected by the majority of production being hedged.

bountyhunter
09/3/2024
15:27
Anyway no one can buck the market ( quoting Margaret Thatcher words ) . If result in the 19th March is bad and div is cut - DeC share price will fall, hoping this might not be the case as I already lost 60% of this investment and if result is bad and DEC cuts its div , I need to kiss goodbye to my remaining 40% investment . DEC is similar to POLYMETAL when Russia invaded Ukraine two years ago .
stevensupertrader
09/3/2024
15:18
At this stage , DEC is paying more to cancel the shares . My view is that DEC afraid that if share price kept on spiralling down before this scheme was announced , its capitalisation will be affected and afraid it might go under then its banks will call in their loans due to debts would be several times more than its entire shares capitalisation rather than anything else .
stevensupertrader
09/3/2024
14:59
Of course if the price does go to over the levels mentioned after results the tender offer suddenly will be a great opportunity for large investors. They may take it up anyway to avoid progressively lowering the price when disposing of a large number of shares if any wish to reduce for whatever reason.
bountyhunter
09/3/2024
14:53
Dec at that time has a BUYBACK SCHEME . If DEC thinks that share price is undervalued which it always said in the RNS then M & G dumping is an opportunity to buy and cancel shares at dust cheap price unless DEC is unsure and said it’s shares were undervalue 🫤 - I guess DEC has lost the plot and lost all investors’ confidence
stevensupertrader
09/3/2024
14:43
But also the tender offer is a clever way to stop the likes of M&G dumping shares they wish to sell into the market, assuming they take it up!
bountyhunter
09/3/2024
14:40
Agreed - this Tender Offer is to cancel shares . Therefore with this in mind , this scheme will flop unless a miracle happens between now and 26 March - there is one event Ie the full year result on the 19 March . Currently DEC is facing headwind eg $ weakens again the £, share price in narrow range bound , still unable to move above £10 .
stevensupertrader
09/3/2024
14:25
Yes for major investors but the shares purchased under the tender offer won't be moved to the US as:

"Shares purchased under the Tender Offer will be cancelled by the Company."

Presumably you meant sold in London and bought back in New York?

For an ISA investor subject to 15% withholding tax (w8-ben completed) for the tender offer to be better than taking the dividend the tender offer price needs to be at least:

((0.68*0.85)/5)*100 = £11.56

So not worth the effort for ISA/SIPP investors unless you are highly optimistic about the results due 19th March, although as has been said no surprises to the downside or upside seem particularly likely with most of the parameters known in advance, imho!

bountyhunter
09/3/2024
13:16
SSS- Steven you are mistaken this tender is purely for the big boy investors to get and move, sell DEC shares before year end and re-invest at 5% bonus and is a win win for DEC and investment companies and MM to reduce shares in circulation and move some to US!!!!!!
97peter
09/3/2024
12:40
So for the purposes of populating the US market, keeping the price down in London but somewhat higher on the NYSE is certainly quite a lucrative business for those that can move the shares. They might argue there is more demand in New York elevating the price there I suppose.
bountyhunter
09/3/2024
12:36
#1514
That's the first I've heard of that but would be interested to hear the views of others. I really don't know for sure how any shares get to the NYSE market but presumed that only MMs could do it.

bountyhunter
09/3/2024
12:32
We private shareholders cannot even sell shares in US NYSE even we have shares held in Uk through UK brokers - such an unfair world we all are living.
stevensupertrader
09/3/2024
11:59
It was descridbed above on one of advfn BBs.

Something like transfering from crest to us clearing house.

Someone else can elaborate

kaos3
09/3/2024
11:57
Bounty yes, no surprises. That is why i bought. On credit.

All main variables are almost constants. Production known and controlled. Major costs controlled and known. As they do not drill. No capex. Revenue known due to hedging.

Only important variable that is out of control is regulations.

Bit they can control even that to a degree by acting responsible, by educating the public etc

kaos3
09/3/2024
11:53
How do you move shares to New York?
bountyhunter
09/3/2024
11:49
I listed long ago it is not a simple shorting. What was going on imho

One shorts dec only in london to get lower share price in order to buy.

Then one moves shares to NY and sells them dearer.

If one looks above graph of both exchanges london was always cheaper to a reasonable degree for an arbitrage if one operates high vol and low costs.

So by shorting one can make money on simple shorting, on building a position on the cheap and making an arbitrage - all at the same time.

kaos3
09/3/2024
11:45
The prior consultation with shareholders is interesting:

"Following consultation with shareholders and after careful consideration of the feedback received, the Company is offering shareholders optionality as to the Return of Capital."

Based on that I'm not expecting anything too negative in the results on 19th March or shareholders consulted re the tender offer may feel duped if they receive a low price for their shares as a consequence of the results. On the other hand if above expectations and there is a significant share price rise the company will be out of pocket buying back shares at a higher level vs now.

bountyhunter
09/3/2024
11:41
Whenever stiefel is involved suggesting i do the oposite. Out of several experiences.

I do not even bother going into reading it all beyond summary.

Just imho

kaos3
09/3/2024
10:37
Let’s hope that the result on the 19th March , a week before the deciding Tender Offer Price closes , 26th March 2024 - is the saving grace for DEC by maintaining at least the current dividend otherwise all hell breaks lose imo 😞
stevensupertrader
09/3/2024
10:24
The one comforting aspect is the
full year results are annonced on
19 March, which surely means the
dividend will continue, otherwise
the share price would collapse,
so setting the Tender at a price
of at least 9.35p they are not
expecting a collapse, so the or more
or less saying the dividend will
continue

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