Diversified Energy Share Discussion Threads

[fardels bear] 20/5/2021 20:08

How is 110p to 117p anywhere near a 19.9% discount?

[mo2550] 20/5/2021 20:00

The RNS - up to 19.9% discount of the current market price - depending on the uptake - hopefully over subscribed LTH"Together, the total number of Placing Shares and Retail Offer Shares (together, the "Fundraising Shares") will not exceed 19.99 per cent. of the Company's existing ordinary share capital."

[fordtin] 20/5/2021 19:52

b1nky - I'm already signed up to PrimaryBid and receive emails for upcoming offers. The price range was included in the email.

[b1nky] 20/5/2021 18:40

Where did you get this price range from?

[doubleorquits] 20/5/2021 18:37

Thank you both

[plutonian] 20/5/2021 18:30

My order is in! Just a small one to test out PrimaryBid.

Nice to see a main market company looking after retail investors. Well done to our American friends!

[fordtin] 20/5/2021 18:11

Price range
110p - 117p

[captain stock] 20/5/2021 18:11

110 - 117 price range

[doubleorquits] 20/5/2021 18:08

nigelpm:

Sorry - what is the price range? I can't seem to find it!!

[lord gnome] 20/5/2021 17:55

3.5x EBITDA before synergies and decent reserves. Looks to be a keen price.

[mo2550] 20/5/2021 17:41

Details of the Retail OfferThe Company values its retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the Retail Offer by applying exclusively through the PrimaryBid mobile app available on the Apple App Store and Google Play. PrimaryBid does not charge investors any commission for this service

[nigelpm] 20/5/2021 17:36

Looks good - price range is given.

[mo2550] 20/5/2021 17:32

https://www.blackbeardoperating.com/

[doubleorquits] 20/5/2021 17:30

Primary Bid seems to be the new fashion nowadays. Does seem to be a stab in the dark though as there is no price given for the subscription until you have agreed to buy in the fundraise! I agree though, that it looks good going forward as it is earnings enhancing.

EDIT: And no stamp duty for participants! (he says, tongue in cheek).

[mattybuoy] 20/5/2021 17:17

Well that's a bit different. A placing with retail participation.

[gary1966] 20/5/2021 17:16

Second deal hot on the heels of the first. Hopefully only a small discount to closing share price for the placing. Earnings enhancing immediately which should translate to dividend enhancing in time. Would put money on there being another deal by the end of June as they seem to want to raise more than they need for this deal to boost their cash resources for the many opportunities that there appears to be.

[plutonian] 20/5/2021 09:25

"Foreign securities are therefore not exempted from stamp duty but in practice an instrument to transfer them would usually be executed and kept outside the UK and therefore not require stamping."



So, depending on how your broker does things and where your nominee is located, you may, or may not, be liable to Stamp Duty. Clear as mud!

[lord gnome] 20/5/2021 06:53

Poleaxe - FWIW I got caught exactly the same. I thanked ii for not telling me. Expensive lesson to learn.

[3800] 19/5/2021 22:17

Will do poleaxe, but don't hold your breath.

[poleaxe] 19/5/2021 21:59

I was going to do the same thing so let us know how you get on. I have checdked back and all my previous buys were with SAGA and without stamp duty, but this was before the 250 listing and my shares being transferred to EQI

[3800] 19/5/2021 20:55

Thanks for the correction podgyted. I just thought the company must have previously been listed on AIM and then had moved to the main market. I have been looking through my contract notes and haven't been charged stamp duty with ii but have with EQi. I am going to contact EQi to ask for an explanation but somehow I don’t think I am going to get very far getting the £400 I have been charged refunded.

[scrwal] 19/5/2021 15:24

The ii preview order details all costs incurred in making the purchase before placing the order.

[poleaxe] 19/5/2021 09:45

Yes lab305 i have just been caught on that one, the Dec. divi. deducted 15% and the Mar. divi 30%, evidently the IRS form i filled in in Oct. last expired at end of Dec.
the broker did not inform me that i had to fill in a new one.

[lab305] 19/5/2021 00:21

Never mind this discussion, just wait for the withholding tax one. I've had it for three years ! Perhaps there should be a separate thread just for that.

[fardels bear] 19/5/2021 00:07

We seem to have this same discussion every couple of months.