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Mike 007
I have been in this one for to long to leave now.
Besides if I sold now you know what would happen.
Possible J1 sale as he fancies RBD
Someone opened the window and dumped a shed load this morning
Probably put it into RBD??
Does anyone actually think that we may get a nice surprise and get something transformative or will they just wait for Shell?
I have the same and this has always been a pile of dung with execs on huge remuneration for doing very little on a day to day basis it seems to me
I have 3 million shares in this and am thinking of selling and putting the money into RBD
Suppose something is better than nothing, I've got deltic on my watch list, I would be looking to invest a bit further down the line when/if energy precises rise, and a bit closer to the time (when/if) Shell decided to drill.
Was wondering about management share options, were they awarded by a remuneration committee
GS recently bought 1.5 million and the others about 500k hardly inspiring though
doubt it
Apart from awarded options, have the management put any of their own money in deltic by way of buying shares or taking shares in exchange for remuneration?
FD I completely agree
But this isn’t the case here in my opinion too much far too soon to the detriment of long standing shareholders
Jack
I do regard "some" remuneration committees with suspicion. I mentioned a case recently where a huge award was made and ultimately this and other awards will flow into the comparitors used by Committees. This is often not performance based and can look to the outside observer like a back-scratching exercise.
I am very in favour of performance related awards but not insulated awards that take little account of the risk factor shareholders in high risk sectors are prepared to take but not Execs. Many of us know there are people who have the Midas touch as there are those who can spell the touch of death. I know a few on both sides.
I am involved with some seedling companies whose Execs have precise targets which when met, will then trigger remuneration awards. Risk and reward is imo fairly shared under such a system.
When a Company is not profit making Execs need to be incentivised to a degree where basic salaries are at a lower level with the prospect of significant increments once targets are met.
AIMO
Exploration,
The long term trend, as you call it, is called UNDER PERFORMANCE.
I would boot you straight out of any remuneration committee, as you appear clueless.
“most level-headed CEOs on AIM. A safe pair of hands”.
Now that is hilarious. I personally would not touch these as the downward drift will continue for a long time to come.
Jack
FD
I’ve served on a couple of remuneration committees and the starting point is usually to look at a market survey to ensure salaries are competitive for a given sector. Unfortunately for PIs the E&P sector tends toward higher remuneration for a whole variety of reasons. The idea is to retain good executives who conduct their fiduciary duties properly and don’t misrepresent the assets of their company. No one can accuse GS of hype and he seems to be one of the most level-headed CEOs on AIM. A safe pair of hands.
Then there is the performance contract and LTIP on which to judge bonuses, which is measurable and not just a ‘finger in the air’ judgement. All this goes into the company’s records, usually for review by annual auditors.
Here’s a longer-term view - see link.
https://www.morningstar.com/stocks/xlon/delt/executive
Compare this with an outfit like Reabold - see link below. One outcome of a successful bid by RBD could have been to hike new directors salaries to over £1 million each + massive bonuses, but now its failed they’ll have to struggle along on £50,000 a month!
https://www.morningstar.com/stocks/xlon/rbd/executive
Mike007
I'm hoping the next UKCS Round sees Deltic recover the previous P2248 area - i'e. 43/11 etc. It's mature enough to warrant a firm well bid which is currently beyond Deltic's financial capability & capacity - so hopefully they've teamed up with someone with more money. Then perhaps we'll see that Pegasus/Andromeda trend fully appraised and developed?
Gloucester there really is no need to get personal
I will refrain from posting from now on as you are correct that this Company winds me up!!
Please hit recommend on this post if you're sick to death of Mike's negativity and constant whinging. People with a negative emotional IQ should not be allowed to invest.
No something that will add shareholder value a nice cheap acquisition would fit the bill
Money sat on deposit isn’t good!!
What, like the other licences they’ve applied for!
No you are being deliberately obtuse
What I am saying they should look for other opportunities as well you can’t sit and wait for 2 years in the case of Selene and over a year for Pensacola
Management should be being very proactive NOW!!
So you think they should sack Shell off Mike and go it alone ?
Some insight on the RBD Deltic Bid.
https://twitter.com/brr_mediauk/status/1295326617879957504
Updates should happen regularly as routine
Strategy is something totally different!!
Amtech why are you being argumentative
My point has always been stop sitting on your hands waiting for Shell!!
So you moaned when there was no update now moan when there is, I presume you’ve put too much in and are that deep underwater that you might as well ask GS if you can have a look round on the seabed for them :)
Amtech completely agree with your point that Shell have made cutbacks and there are indeed significant delays but to say there is nothing you can do about it is absolutely nonsensical
That is what managers are paid for TO MANAGE!!
That rns on Thursday was an embarrassment imo
To be fair the one on Tuesday was more positive