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DGOC Diversified Gas & Oil Plc

120.80
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Diversified Gas & Oil Plc LSE:DGOC London Ordinary Share GB00BYX7JT74 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 120.80 120.20 120.40 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Diversified Gas & Oil Share Discussion Threads

Showing 301 to 323 of 2475 messages
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DateSubjectAuthorDiscuss
30/6/2018
08:06
blueeyes13, I find HL generally efficient and on the ball. You may be interested to know they are offering a cash back on transfers in, based on the value of the shares transferred to them. I did this some years ago when leaving Selftrade and more than covered the exit fees.
alter ego
30/6/2018
06:58
@blueeyes13 - no harm in spreading a SIPP around IMO, though does add to costs and don't think you can have two separate trustees (eg I used to have the dreadful EPML - now Suffolk Life - as trustee, and dealing a/c's with the likes of Barclays & Selftrade).

As @Pastybap says - x-o were the same today, still showing DGOC as zero, having not updated their systems to reflect the unsuspension.

spectoacc
29/6/2018
22:27
Hi Blueeyes, I had the exact same problem with x-o.co.uk. I sold out this afternoon though which fixed the issue for me, but it is a regular issue with the site- as are erroneous closing prices which sometimes give me a scare! Rather annoying...
pastybap
29/6/2018
22:24
HL has shown a tradeable price since the price settled after the first few minutes trading.
I have some DGOC in my SIPP with them.

aa29
29/6/2018
22:03
Can I ask a question. I'm with AJ Bell and they have not updated their platform today even after the close for DGOC so it's still showing as zero on my portfolio as if still suspended. I emailed them at lunchtime and have had no reply.
The platform did allow me to trade as I sold down a % of my holding as it became my largest holding and to an uncomfortable level. It's updated my reduced number of shares and cash position. I've had to manually calculate the value of my holding today, how much to sell and the new value of my DGOC position. Not a major problem but can't think of a good reason in this day and age why the portfolio was not updated in the morning after suspension with up to date values. I've had issues with slow payments of USD divis recently so this is another irritant.

Did HL or any of the other major platforms update portfolios with new pricing and values earlier today?

I have some money to transfer into my sipp from a share in a commercial property sale and have not been impressed with AJ Bell on a few things recently including this so am thinking of looking elsewhere and maybe to have a second SIPP on a different platform to see how another company performs, I have been looking at HL. Or have all platforms been the same today and this is common for shares coming off suspension?

Appreciate any constructive feedback and sorry for off topic but might be relevant to other holders here.

Regards

blueeyes13
29/6/2018
22:03
Can I ask a question. I'm with AJ Bell and they have not updated their platform today even after the close for DGOC so it's still showing as zero on my portfolio as if still suspended. I emailed them at lunchtime and have had no reply.
The platform did allow me to trade as I sold down a % of my holding as it became my largest holding and to an uncomfortable level. It's updated my reduced number of shares and cash position. I've had to manually calculate the value of my holding today, how much to sell and the new value of my DGOC position. Not a major problem but can't think of a good reason in this day and age why the portfolio was not updated in the morning after suspension with up to date values. I've had issues with slow payments of USD divis recently so this is another irritant.

Did HL or any of the other major platforms update portfolios with new pricing and values earlier today?

I have some money to transfer into my sipp from a share in a commercial property sale and have not been impressed with AJ Bell on a few things recently including this so am thinking of looking elsewhere and maybe to have a second SIPP on a different platform to see how another company performs, I have been looking at HL. Or have all platforms been the same today and this is common for shares coming off suspension?

Appreciate any constructive feedback and sorry for off topic but might be relevant to other holders here.

Regards

blueeyes13
29/6/2018
09:47
One of the best run aim companies..
neo26
29/6/2018
09:08
Miton would appear to have 1.1% or £13m of their £1.2b fund in DGOC as a new holding.



Investment Week
Miton's Williams drops consumer names as he eyes dividend opportunities in energy stocks By Laura Dea

14 June 2018

Focus shifting towards sustainability

Miton's Gervais Williams has rotated his £1.2bn UK Multi Cap Income fund, selling out of consumer stocks and moving into energy and materials to take advantage of more sustainable dividends.

The exposure to consumer discretionary stocks in the fund has reduced from 15.7% a year ago to 8.8%, reflecting Williams' uncertain outlook on the sector.

Disposals included pub group Greene King, TV production company ITV Group and housebuilder Taylor Wimpey.

Williams said: "A number of consumer stocks were sold completely and the capital raised from the sale of our existing holdings has been reallocated to a number of companies where we believe the scope for dividend growth is better.

The UK consumer has pulled back and this could last for some time, while there has been a devaluation of the pound, the rising oil price is hitting consumers at the petrol pump and the savings ratio could go up."

This theme has also been implemented in the manager's £394m Diverse Income trust where the exposure to consumer discretionary stocks has declined from 16.9% in early 2017 to 10.2%.

Instead, the manager is rotating into energy and materials stocks including gold mining companies and oil firms.

His open-ended fund has 13.6% in materials, up from 6.7% at the end of 2016, and 11.2% in energy, up from 5.7%.

New holdings include Diversified Gas and Oil, Savannah Petroleum, Royal Dutch Shell and Rio Tinto, the weightings of which range between 1.1% and 1.3%.

The LF Miton UK Multi Cap Income fund has returned 9.1% over one year to 13 June, according to FE, versus returns of 5.5% by the Investment Association's UK Equity Income sector.

(Thanks to TTT1 savp bb)

zengas
29/6/2018
08:47
I reckon with the next acquisition sometime in the next 6-12 months and if relatively same size as this one to take us to 100k boepd region and 600 mmboe - we should be looking at a potential £3/share and that's factoring in future dilution which should be smaller next time around (and perhaps not as much or any at all needed given the cash generation now).

Look closely at the latest acquisition figures re production/turnover and net after tax profit - Production from acquisition is currently almost 7% higher than what y/e 2017 figures were based on. Should be a very attractive dividend yield increase.

zengas
29/6/2018
08:23
838k O reported at 126p - wow. Bet they wish they could have got that in the 97p placing :)
spectoacc
29/6/2018
08:10
Sold half this morning having doubled money - seems to be a keen buyer at 125p bid tho, & wouldn't bet against them going higher :)
spectoacc
29/6/2018
07:56
Now that’s how to do an acquisition...!
sogoesit
29/6/2018
07:43
Sold some on this rise,,,,,,happy to hold to see where it goes :-)
cheshire man
29/6/2018
07:26
What I particularly like is that this almost certainly won't be their last big acquisition - each one proving earnings-enhancing. Starting to think they should have got the $250m placing away at higher than 97p!
spectoacc
29/6/2018
07:12
Now that is what I call a nice markup :-)
cheshire man
29/6/2018
07:11
We're away.
spectoacc
28/6/2018
12:30
Not sure there's (m)any other AIM company that could do a placing at a premium - does seem to have an Institutional fan club.

Interesting times.

podgyted
27/6/2018
07:39
First rate price at 97p, much better than I expected and an extra $25m being possibly raised ($250m now v $225m initial RNS).
zengas
27/6/2018
07:27
All I can say is 'Wow'. Great acquisition, great placing price and a great ambition by the company. We do indeed have a big company in the making. Glad to be on board for the ride. This should open well north of £1 on Friday.
lord gnome
27/6/2018
07:20
Finally finished reading it, lots to digest.

DGOC are going to get a lot bigger. This isn't going to be their last acquisition. Each one is a step-change in production, reserves, and ultimately profitability.

spectoacc
27/6/2018
07:17
Gostevie63 - If your still around, any chance you could put a news section into the header.
yupawiese2010
27/6/2018
07:04
97p!!

Restoration Friday, not reading anything I don't like in it so far.

spectoacc
21/6/2018
07:45
This would put them at over 60,000 boepd and just shy of 400 mmboe reserves. Possibly $330m yearly revenues.

As for the the $1b facility with a borrowing base initially of $600m. Going to draw $376m for this - so net debt should be around the $425m level with further headroom of $175m available inside the $600m current borrowing base and a total of $575m available overall for further acquisitions beyond this one.

To use up the $1b I believe they won't get to that unless another sizeable acquisition lines up. There would appear to be $575m still available so quite possible that they could get to around 600 mmboe reserves and 100k production/$550m revenues ?.

zengas
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