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DEC Diversified Energy Company Plc

1,105.00
21.00 (1.94%)
18 Jun 2024 - Closed
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
  21.00 1.94% 1,105.00 1,106.00 1,109.00 1,109.00 1,065.00 1,084.00 153,109 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 868.26M 758.02M 15.7334 0.70 533.82M
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 1,084p. Over the last year, Diversified Energy shares have traded in a share price range of 822.50p to 1,930.00p.

Diversified Energy currently has 48,178,835 shares in issue. The market capitalisation of Diversified Energy is £533.82 million. Diversified Energy has a price to earnings ratio (PE ratio) of 0.70.

Diversified Energy Share Discussion Threads

Showing 9851 to 9874 of 10625 messages
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DateSubjectAuthorDiscuss
14/3/2024
09:01
Fair enough. I hope that you get your money back. It was hard for me to sell at a loss but I had lost all faith more than anything else because of the 2 buyback schemes.
lab305
14/3/2024
04:07
Below I have given an analogy basing on someone who had invested all or almost the funds on DEC , therefore running out of funds to invest more and DEC is falling and dropping more than half . One can wait unless an investor does need it or realises it .
stevensupertrader
14/3/2024
03:59
If a share kept falling is similar to business stock that is obsolete . Therefore one can keep in the portfolio at original buying price similarly to obsolete stock on. business at cost value.
Both at present or current market cannot realise at the original bought price or cost . There is similarity in my analogy
However , this is up to individual how he/ she treats it . Individual can hold on the shares till one dies and realise by the lawyer death with a much much reduced cash distribution . Similarly to business in admistration .

stevensupertrader
13/3/2024
21:46
Thanks for that, blue square. I guess I was just being idle and did not look!

Stephenst, you make the cardinal error of eliding valuatio and profit/loss. The DEC shares in your portfolio have a cost ('capital committed') and a value (current price X no of shares held).A profit/loss is realised/incurred only when those shares are sold.

The difference between cost and current value tells you the profit/loss you COULD realise/incur if you sold today, but a pofit/loss is not ACTUALLY incurred unless and until you sell.

The important questions for the investor are (1) the liklihood that the holding in question will increase or fall in value and (2) whether some other holding would have a more favourable risk/reward ratio. The answers to those questions is the basis upon which one decides whether to sell or hold, and if one decides to sell, whether and where to reinvest the proceeds of sale. Both of those are of course matters of judgment, upon which opinions are likely to differ - if there was an absolute, correct, answer, there would be no market!

Business acounts have some similarities. That is why free cash flow is usually more instructive than headline profit/loss (which depends upon the accounting conventions aplied eg whether you 'mark assets to market' or show them at cost). What ultimately counts though, at least in the case of trading stock, is the difference between purchase and disposal prices (or rather, if you want to stay in business, the difference between dispoal and REPLACEMENT price of stock in trade!), not what price current stock is shoewn at in the accounts..

1knocker
13/3/2024
20:32
Lab305- I agree with some of your points about management/ Rusty as he should have communicated a lot better over the last 2 years, culminating in the stop start US share launch.
I would say that the gas hedging is not there to protect the share price but to ensure the debt repayments and divi are secure regardless of price volatility.
As you say, let’s see where DEC is in a year, if they have cut the divi / missed debt repayments etc and the share price is either around still this level or much lower you can tell me “I told you so”

tag57
13/3/2024
20:08
The business will come to the end of the road 😂 ie it will go under
stevensupertrader
13/3/2024
20:04
1knocker - if you ran a business using your method ie that no one loses any money until one sells . I can definitely sure your business will go under . For example say you buy stock to sell in your business , Those stock that cannot sell over a few years , year after year, you just carry them forward . Including stock that cannot sell due to obsolete. in your books you record the stock at cost value. Each time , your business needs funds , you inject funds into the business. Eventually one fine day , you have so much obsolete stock in your business and you find yourself running out of funds to buy more stock . Although your books show a huge profit but you have no more cash to inject into the business 👩‍ 8188;
stevensupertrader
13/3/2024
18:24
Q4/FY results and the next dividend 21st next week..?
laurence llewelyn binliner
13/3/2024
17:54
20th March
I am sometimes surprised people
dont read the RNS's

blue square
13/3/2024
17:40
Does anyone know the date when the conversion rate for the dividend will be announced? it is usually about a fortnight before pay day as i recall.

Lab, remember that no-ne has made a loss (or a profit) until he sells. Until then, he just has a finite sum of capital committed and, of course, at risk.

1knocker
13/3/2024
17:05
Thanks for posting the link Ramellous, I've added it at the top of the YouTube section in the header. Nelly will love the preceding adds which it doesn't seem possible to get rid of!
bountyhunter
13/3/2024
15:34
Tag57 I had over 1m of these and old habits die hard. Even so as you alluded to I never wore rose tinted spectacles and grew increasingly uncomfortable. I still read the thread and merely answered Steven's question. Predictably that draws criticism from holders such as yourself. Instead of that why not rebuff some of my points ? On your point about the hedging it has patently not protected the share price which many posters argued with me about. I feel vindicated as events have unfolded and was correct to sell at 90p and 72p even at a loss. My problem was that I believed Rusty at the results last year and waited too long for his predictions to materialize.
lab305
13/3/2024
10:18
#Ramellous, well worth 48 minutes of time, thanks for sharing here, he breaks down in a nuts and bolts style what the company does, how they do it, and why with a good piece on the ARO side ..
laurence llewelyn binliner
13/3/2024
09:46
Lab305- through 2022 you commented a lot about the hedges in place and how the company missed out on the high gas prices at the time. Now that gas is at a record low (or has been) given the time of the year do you see the hedges as a positive, even temporarily? I am not a fan of BBs as even if they support prices temporarily the share price will still find its natural market price eventually. Plus I hold for income rather than capital gains (although I don’t like losing capital, even if just paper losses)
I don’t disagree with your comments about management and their wrong steps over the last 2 years it is more about how you keep coming back to this board and making the same comments over and over.
Bitterness isn’t a good look or a good mental place to be in for a long period.

tag57
13/3/2024
09:11
Agree with Tag57 and I'm down £44k so painful but lifestyle still okay and my own fault. I'm sure however that the CFO departure was nothing more than sour grapes after he was passed over for promotion
tunley
13/3/2024
08:19
Has this recent interview with the president of communications at DEC been posted on here
Apologies if I missed it

ramellous
13/3/2024
08:13
Lab305, you may have lost more than most but this also depends on your capacity for losses, has it affected your lifestyle, are you losing sleep over it?
I get the impression not. Bitterness just looks amateurish and childish.
I am down well over a £100k here which hurts but I don’t blame anyone but myself. I chased the divi thinking it is safe and bought as the price dropped. I think the divi remains safe and the share price will come back to £1equivalent so continue to hold.
My choice therefore no-one to blame but myself if it turns out a poor decision.

tag57
13/3/2024
07:26
The share has run out of steam,
Both here and the USA.
Likely to drift down, dont see
any upward pressure at the moment

blue square
13/3/2024
07:20
Volumes in London and New York were about the same yesterday with both being low.
bountyhunter
13/3/2024
07:18
Yes but they are the main points. The decommissioning debate rages on but is extremely complex. I am obviously bitter about the failure of this company to defend its own share price. It cost me more than most.
lab305
12/3/2024
22:39
Lab305 - anything else negative you can think of?
tag57
12/3/2024
20:04
Add to my post earlier the untimely departure of the cfo, the significance of which is extremely underrated.
lab305
12/3/2024
19:40
DEC have always paid a generous dividend and have actually fared a bit better than many of their peers (and would have fared much better without the short attack imo) given the lower gas prices compared to a year ago. The 80% hedging was a wise strategy. Or is that 85%? Many peers have of course performed diabolically especially the small caps but then don't have the hedging and production of DEC.
bountyhunter
12/3/2024
19:24
blue square. - still 20p to reach £10 , a long way from the dizzy height before 20 old shares to 1 new shares two months ago .
At that time of conversion the price was £12 , just about 2 months , DEC share price has lost nearly 17.5% and that is just £12?. If one bought at last Feb 2023 the placement price was £1.05 and at today 20 to 1 new share = £21. about 60% kiss goodbye to one lousy investment and more longer a laughing matter.

stevensupertrader
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