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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 Shares Traded Last Trade
  -1.80 -1.67% 106.00 2,276,980 16:35:00
Bid Price Offer Price High Price Low Price Open Price
106.20 107.00 109.00 102.00 106.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 348.56 99.15 11.31 8.9 750
Last Trade Time Trade Type Trade Size Trade Price Currency
17:50:37 O 7 107.00 GBX

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Date Time Title Posts
03/6/202022:10Diversified Gas & Oil1,654
20/2/202011:40Diversified Gas & Oil (DGOC) One to Watch 1
05/1/202000:28DGOC Edison Analysis1

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Diversified Gas & Oil (DGOC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:52:38107.0077.49O
16:11:44104.931,3121,376.72O
16:09:29106.00263278.77O
16:09:29103.792728.02O
16:08:22103.0011.03O
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Diversified Gas & Oil (DGOC) Top Chat Posts

DateSubject
04/6/2020
09:20
Diversified Gas & Oil Daily Update: Diversified Gas & Oil Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker DGOC. The last closing price for Diversified Gas & Oil was 107.80p.
Diversified Gas & Oil Plc has a 4 week average price of 99.40p and a 12 week average price of 56.60p.
The 1 year high share price is 127p while the 1 year low share price is currently 55.20p.
There are currently 707,085,502 shares in issue and the average daily traded volume is 1,270,038 shares. The market capitalisation of Diversified Gas & Oil Plc is £749,510,632.12.
24/5/2020
07:40
lab305: They have always promoted the dividend pointing it out in company presentations and taken pains recently to assure the market that the dividend is safe some time into the future . They would hardly do that and then lose all their credibility buy cutting it so the idea is a specious one. Some think that their debt is too high but the recent article in the IC stated ..... "Looking at similarly-sized oil companies Tullow Oil (TLW) and Kosmos Energy (KOS), their net debt-to-cash-profit ratios were 3 times, and almost 4 times, respectively. DGO’s net debt-to-cash-profit ratio was 2.3 times as of 31 March." So even if you don't rate the IC facts are facts and on that metric debt is not too high. Where I will agree with dnb 368 is that the pound will continue to devalue against the dollar and so dividends will rise via currency as they have for the last two years. The latest acquisitions will also generate more cash and dividends will more than likely rise by December. If anything is unsustainable here it is the share price which should be somewhere around £1.60+ and I continue to hope that new investors will be drawn to the success story in the FTSE250. Daily Mail punt of the week yesterday . Sorry no link .
23/5/2020
12:03
spangle93: DHB: "I do think that there will be a significant short-term drop in the dividend yield and would prefer that to happen and for them to use that on acquisitions" It's a valid opinion. I would counter that if they moved to the main market and then promptly reduced the dividend, it would alienate a whole raft of institutional investors that are finally able to include DGOC in their income portfolios. Of course, if you meant that the share price is about to double, thus creating a signficant drop in the dividend yield, then I'm loving what you're saying. ;-)
18/5/2020
17:21
sinnycal: Generally, it's a good business model. Conventional oil companies who do both exploration and production are able to manage steady profits and returns to shareholders by producing from wells where extraction is cheap when oil prices are low and spending on exploration when oil prices are high. DGOC relies on a low overhead structure to keep old wells active whilst using derivatives (selling forward) to hedge the fluctating prices. Note that there was a huge increase in sales last year, yet profits halved, in spite of a big swing from negative to positive impact of hedging. What happens when the low price of oil is sustained? At one point the futures price actually went negative. DGOC already runs lean, but with $600 million in debt, if they can't reduce their costs and they can't get increasing future prices, they will be, with apologies to Nicholas Cage and Angelina Jolie "Gone in 60 days" Maybe they will be able to raise more money, but I fail to see how their model will work in the longer term. We are seeing already a long term downward trend in oil prices, accelerated by Covid, but there to stay. The BBC story may give them a bit of a share price lift, but if you look to the BBC for investment advice you might want to look elsewhere...
04/5/2020
07:22
lord gnome: A good update. Reads well and sounds positive. Nothing to be overly concerned about. Looking forward to move to main market. This won't do the share price any harm and we should continue to make progress through the £1 level.Onwards and upwards.
25/11/2019
19:37
lab305: Even at these lower gas prices DGOC still make good profits . This will be seen at the next results . The fact is that we are all scratching our heads wondering why a growing company with excellent proactive management is trading with a pe if 3 and yielding 9% . I have seen shares in other companies trading at much higher valuations after issuing multiple profit warnings. This is far from the case here and yet the share price still languishes around a pound. It almost appears that the price itself is the main negative factor suggesting that something must be wrong. The company has done all it can to dispel the accusations contained months ago in the notorious blog including moving to a top reputation auditor . Moving from the AIM will also necessitate higher levels of scrutiny. I hold for the long term and whilst frustrated by the share price , the dividends make that position palatable.
29/8/2019
13:48
kenmitch: I agree that Next are a good example of how to do buybacks in that they only do them when thinking the shares are too cheap. Most Companies buyback without considering whether they are doing them at a sensible price. Unfortunately it’s impossible to prove that buybacks work, because with successful Companies like Next their share price would increase over time whether or not they bought back their shares. And where the share price subsequently fell after and during buybacks it’s likely the share price would have fallen anyway. Btw....even Next have come unstuck with buybacks sometimes. E,g after buying back in the £60s the share subsequently fell to £36. I bought at £38, and feel even with Next I have been far better “rewarded̶1; than shareholders who bought in the £60s and perhaps encouraged to do so by positive comment then about Next buyback policy.
29/8/2019
09:59
kenmitch: Yes; buybacks reward Directors if bonus based on eps, and very often those shareholders who sell ahead of a buyback programme. News of a buyback usually gives the share a lift on the day it’s announced, and investors who sell then often do well. If, as happens more often than not, the share price goes lower during a buyback programme, then those who stay invested lose, while those who sold are out at a higher price. There are endless such examples. Have a look at Standard Life Aberdeen. Relentless falls all the while they were buying back, with share 30% lower than at the start. And guess what? They are going to start another buyback programme! Buybacks DO mean eps higher than they would have been if not buying back, but if the business is not doing well, or investors sell, that does not guarantee a higher share price. Where buybacks are worth doing DOES apply with DGOC. That’s to hit shorters IF there is a dubious blog or other damning unjustified attack. That applied with Paysafe. They responded to a totally spurious attack by buying back....and after that they went to a much higher price after a bid. IF that DGOC blog is also spurious then current buyback justified. Finally the nonsense spouted on so many bbs and in the Press that buybacks mean a higher share price would mean that all investors had to do to ensure a successful investment would be to buy shares only in Companies buying back to win every time. If only it was that easy!
13/8/2019
15:51
kenmitch: gisjob2 Buybacks do NOT always support the share price There are many examples where Companies bought back their shares and the share price fell a lot all the while they were buying back. e.g check out Hammerson and Standard Lfe/Aberdeen to see how their share prices collapsed after buybacks. After wasting over £100 million pointlessly buying back,Hammerson abandoned their £300 million buyback when at last it must have dawned on them that their buybacks were a waste of money.The share from memory, fell £several by the time they abandoned them. Buying back DOES mean eps goes higher than it would have been without buybacks, and Company Managers often get bonus pay based on eps, so that’s one reason they go for buying back! But buybacks often reward shareholders who SELL ahead of the buybacks and who sell ahead of subsequent share price falls, and NOT those who stay with the Company, and who are supposedly being rewarded with the buybacks. Instead they stay in while the share price falls. As is happening with DGOC right now! So the comment in the post above this one that everyone ends up rewarded/benefits, is also wrong. IF buybacks are done at a bargain price (as is always the case with Next) then more often than not shareholders are rewarded. But many Companies, just like the posters who blindly assume they are always good, haven’t a clue how best to go about them.
01/5/2019
15:11
kenmitch: Share buybacks do not put a floor under the share. If they did investors in every share buying back would have a guaranteed way of making a profit! There are many examples of share prices falling even when a Company buys back day after day. e.g Standard Life Aberdeen started their buybacks around 350p and the share was down to 220p before their buybacks were completed. Not sure a very modest buyback will help DGOC share price, but it will make it a bit less costly to pay future dividends. Just hope they continue with progressive divi policy. Current divi yield is already very good though!
29/9/2017
16:20
bluerunner: Has anyone noticed in the past few days how DGOC share price appears to move out-of-sync to the trades?I.e. When there appear to be buyers, it goes down. And vice versa. Strange.
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