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Going to get interesting now it’s hit 140!
A pull between profit takers and value investors. Common sense says it has two pops at 134 before climbing back above 140 as ‘the guard’ is changed.
Still I am just holding for income and will add on any dips. That’s what will shape the support as others do the same.
Usual caveats
Trek
they must surely be pretty clued up in regards performance so really positibe buying these numbers
Another director buy on open market at 136 albeit a ‘small’ amount.
Usual caveats
Trek
https://twitter.com/jlishawa/status/1559641484734828544?s=21&t=TCP4kx1ROS4GkG49qZOAuQ
There searching everywhere
There reporting tonight first Australian lng here for six years. Unloading in uk to go across to eu as there desperate for gas. I think we will see significant increase in US gas which we know dec are getting a slice of in their prices. First snowflake anywhere close and gas through the next roof
Hubeenstein. Some good posts on here tonight. This is my theory, not advice.
With 2 weeks to ED, I think the loop this share tracks, it will continue to rise, with maybe a small dip a couple of days before. Of course on the 1st Sept. at 8.00am the sp. will drop 3.5p, and then, if I am right, will carry on rising a bit. Then I will sell with a good profit and divi. to come.
Hope this helps and GLA
A share I buy for dividends like this, I'd think maybe if I can bank 3-5 years divs by selling to consider it. This share has been all over the place and I sold some today, in the bad times after that methane article I was at a decent loss, so it does fluctuate a lot. Nice if it gets higher for all of us.
Doing nothing is something I specialise in! My instinct is to sit tight in this instance. I expect the upwards trend hasn’t finished. My question was probably broader than what to do right now with Dec. At what point should one think about selling an income share!? Which is of course an impossible question to answer. It depends! But I’m aligned with the thinking here. Catching the top and buying back is never easy I may consider it if we close in on 160 but I think you have it right Trek. Selling now risks missing out on any further rise and on the divi. And the divi is announced independent of the sp.
If you don’t need the money and happy that progress will be made then keep, you sound as though rest of portfolio has a higher risk as all based around growth, this is your % of stable assets. I’d hold, the directors are buying at this price, your gaining on inflation, dollar is still relatively strong and big question if you sell where does the money then go. Recession or not this will churn out 10% and going lower if buy more. I bought more on Monday, my largest stock in value
hubstein, I am also thinking of selling now as I am around 20% up excluding divi. And buying again after the ex divi drop. You are right to say that it is a matter of strategy. In conclusion, I think I will sell half in the hope of buying in a lot lower. I don't need to sell for about three years or so. I think that gas price is big news and will propel the SP upwards. So yes, I will sell half my holding if it continues north tomorrow.
Shares don’t keep going up hub. It looks like it wants to have a go at 140 before any pullback. But if gas keeps going up why should it stop!
If I was going to sell it would be to try and catch the top and buy back.
If you do sell and it keeps going up though to the 166 what you going to do. You’ve missed the further gains and the divi.
Probably doing nothing isn’t a bad move especially as you have a nice buffer to protect you!
Usual caveats
Trek
It's an interesting one. Of the funds i manage myself this is practically my only income share, most i own for expected growth. Ostensibly the sp is of secondary import if the divi is 4.25c per share. Sitting on a 30% profit it begs the question? Should i sell some? It is largely rhetorical by the way but interested to hear others thoughts / strategies
Anyone tempted to put a stop loss in?
Just saw that. Gonna be a late rally here!
140?
Usual caveats
Trek
*U.S. Natural Gas Jumps 7.1% to $9.350, Would Be Highest Closing Price Since Aug. 1, 2008
Carcosa61 - that confused me as well!
I need to compare the Cenkos note from May with this one to find out what assumptions have changed.
Possibly costs in a high-inflation environment?
But, with an average cost for my holding around 105p, I would happily settle for a re-rating to the 160s!
So that's a near 10% reduction in the price target from Cenkos since May.
The directors were locked out due to close period but with results out they have been happy to buy at SP ATH’s. So yes I guess you could say it’s got further to go.
They could have increased the divi again but held cash back.
Divi costs on a forward basis $144,67m pa.
DEC have $469m of liquidity and are EBITDA positive to $448m
With cash inflows to come from $300m of acquisitions in H1 and downside HH prices protected by hedging it’s pretty clear why directors are happy to buy at 135p!
With significant holding yielding over 10% if you can’t beat em join em!
Usual caveats
Trek
its trying to go higher
Cenkos have just published their latest coverage following the interim results and the acquisition.
They suggest a price target of 166p...still plenty of upside in this one as well as being a dividend machine.