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In at £11.61p not that makes a big difference.
As it's to cheap.
Late to this one (thank god!). Although I did own it years ago. Profitably but only if I include the dividends. In profit today with average price of £11.67 but had to keep buying all the way down started at £13.27 in December. Extraordinarily cheap then.
For those with the big losses hang on in, it's still a good company with differentiated approach.
The constant inaccurate if not downright lies attacks will fail eventually. Gas is not going away any time soon.
Just need an interest rate reduction to kickstart some serious demand.
Is that all!! breakout expected in oil and gas i think
Opened higher yet again. And with NG over $2 now, can’t see it stopping anytime soon. Only another 45% to go to break even.
So, closed on NYSE up 1.79% at $14.76USD / £11.78GBP - having peaked at $14.94 / £11.92GBP. Looking like another northbound day today too - as ever, fingers firmly crossed. Seems skiramp is getting rather emotional about all this? I'm still looking for BE and outski - and I'm even starting to dare to hope that might actually happen! GLA
Great to see DEC close at a 3-month high this afternoon. Nudged £12 in NY this evening (as predicted). It's a beautiful thing.
Shorters must be hurting which is good. Holding with the momentum here.
Nice dashboard for the US listing:
https://www.tradingview.com/symbols/NYSE-DEC/
A further tick up tomorrow I’ll be able to take a second lot out at profit….. going to be a long road reducing this without a loss! Trek £15 would be nice but I’ve still a big chunk at £20 but by then I’ll be happy to hold and have a more measured pot here
The batton has been passed to NY and they are having a good run
Typo: '...momentum does seem to now be on our side.'
Well, Closed up 3.21% on LSE @ £11.59GBP. Currently another 1.93% up on NYSE @ $14.78USD / £11.76GBP - so looking good - fingers still very much crossed! No movement so far with the shorts - or none reported (two different issues). Let's see how it closes on NYSE - but momentum does seem to now our side. GLA
I still say this is going to £15.
And that’s basic chart and momentum analysis.
£15 was the bounce back before the drop.
It’ll get there imo.
Having traded this pretty well I have no problems reinvesting divi’s in here. It’s recovered from the short term pullbacks, now ignored the shorts and we have some insti interest at last!
Usual caveats
Trek
There is a mechanism in the BB agreement where a sharp sustained rise over 5 days means buybacks pause.
From the AGM papers:
'17.2 by the condition that the Company does not pay less (exclusive of expenses) for each
Share than the nominal value of such Share and the maximum price which may be paid
for a Share (exclusive of expenses) is the higher of:
17.2.1 5% over the average market value of the Shares for the five Business Days
immediately preceding the date on which the Company agrees to buy the Shares
concerned, based on the share price published in the Daily Official List of the
London Stock Exchange plc; and
17.2.2 an amount equal to the higher of the price of the last independent trade and the
highest current independent purchase bid at the time on the trading venue where
the purchase is carried out, '
17.2.1 means when there are a couple of positive trading days then buy backs pause. What's not clear to me is why they then don't seem to play catch up in quantity.
No RNS BB today, have they used all the money up, new strategy, Rusty diverting it to himself.
Jim
I don't think Skier even reads anyone else's posts, he just does his ramping thing.
Funny, I checked out some of his posts on other LSE share boards and it seems he can do very mild de-ramping too!
"LLOY looks fairly valued right now, at 7 x PE, broadly in line with the global bank average. Dont forget the car-loan DCA scandal is just a few months away from a ruling by the FCA, with costs potentially soaring into the billions. And Labour are shaping up for a whole new world of envy politics in 2025, such as a bank windfall tax, extra pension tax, and extra landlord tax. There's plenty of reason to be cautious."
It looks like another positive day. It will be nice to see some of the shorts close this week.
Futures interesting and seem to be indicating some market change.
2024 more or less flat vs when I posted a week ago, 1c down but rising this morning (US time).
2025 and 2026 both up on the week, only a few cents but moving. 1m /3m charts for both look healthy.
Currently $4.23 for Nov 2026 deliveries.
Clued. Skier isn’t a person, that’s why he never answers questions.
It’s some sort of cut and paste and repeat early bot experiment.
It’s never answered a question or had a comment in any sort of context.
Skier1, why isn't it 1200p yet ?!! It's taking its time isn't it !!
Up +3% and back abive the 1150p level now. Looks ready to make a push for the 1200s. Nat gas pricing has spiked upwards in the US toward $2, yet another bullish sign. DEC on track to join the prestigious Russell 2000 index in May-Jun 2024, at which point the big Russell 2000 trackers must start buying in.
F there was one place id want to be invested at the min on a loosing share price then its in american gas. what other market right now would you rather be in world wide going into pretty horrible times?
Natural Gas almost back too two bucks. Anymore news on when DEC might be included in more US indexes like Russel 2000?
Hi GG - got over your thrashing the other night then? When I though of JPM as being losers - I immediately thought of you - funny old thing that eh!? LoL