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Skiramp: Congratulations - you've reached double figures - that's now ten (yes - 10) times you've repeated yourself regarding PE of 1 vs. etc. etc. - plus the Russell Index saga (repeat, repeat)! Your memory truly is pi55 poor - given you're likely still a teenager I would be seriously worried in your situation.
The reality is, dividend investing hasn't worked well for decades. It's why the dividend-obsessed FTSE100 has flopped this century, yet the growth-led S&P500 has rocketed to the moon.
Darktrace is nothing to be proud of. It's yet another UK tech firm that is being swallowed by an overseas player, followed by the inevitable loss away from the UK of world-class IP, senior jobs and top salaries. Not to mention the associated degradation of the London stockmarket and its nonstop relentless decline.
It's great to see DEC refocusing on a plan for high growth here. It's the sign of a modern firm.
Broomtree,
1. which threads removed and what combatants (entertainers ?) please ?
2. "As my opening post stated there’s a wholesale change in share ownership taking place as people exit the divi play and others enter for capital growth and reduced divi - will take some time"
What's your source for this statement, is it just your gut feeling, because many late mature/declining shares have high divs with far less growth potential than growth / early maturity stage ones ?
Skier1, "naive dividend gamblers".
You certainly are persistent, but your obvious young age naivety is so obvious. There are multi-billion £ funds that invest in shares and other financial products for their potential high income return. Who are you to criticise that ever present and wise investment strategy, and please answer this post, because if not I'll take it that you accept being wrong. I invested for the dividend at c 13% p.a. at the time, didn't perceive any risk to the share price falling,
and there is nothing wrong with having a portfolio strategy which includes a mix of high div shares and high growth shares.
One growth share of mine, Darktrace, has today confirmed a most welcome c. 625p cash offer fully recommended by the BoD. I need to find a home for those very material funds and might ask greygeorge for some advice if he can spare a few minutes from his park bench wine tasting meetings.
Incredible potential here. DEC is at a PE ratio of 1 (and rising), versus an oil-gas-sector average of 7. A DCF calc suggests fair value for the shareprice is at least £30-40. DEC is joining the prestigious Russell 2000 index in May-Jun 2024, and the big index trackers will have to start buying in. DEC financials look awesome, the buybacks are accelerating, cashflow is up, index trackers will shortly be arriving, and future revenue forecasts are being uplifted and upgraded by financial analysts. What's more, the CEO has moved on from pandering to the naive dividend gamblers, and he's now refocused on growth. Since the refocus, the shareprice has soared a huge +35% in a month. The DEC growth journey is underway 👍
Skiramp: '...and a huge buyback program underway.' - Wahahahahahahahahaha
As predicted, you gotta buy the dip and let it rip. Charts look very positive. Revenues being upgraded, debt reducing, profits growing, and a huge buyback program underway. This looks ready to test the £12 level again 👍
Krustymegma: My point exactly.
"NYSE has become the lead market - LSE as ever simply follows whatever happens in the USA."
I've been investing for 30 years and NYSE has always been the lead market during that time.
I think the big tell on the impact on the SP of JAM buying this stake will be seen (or not) when the NYSE opens today. NYSE has become the lead market - LSE as ever simply follows whatever happens in the USA.
Well done broomtree!
Not only that I am sure I can smell something burning!
As well as pants on fire! lol!
Trek
Well done admin whole thread of our two combatants removed!
As my opening post stated there’s a wholesale change in share ownership taking place as people exit the divi play and others enter for capital growth and reduced divi - will take some time
Looks like this has been written by a BOT as
"Statutory earnings per share are anticipated to plunge 92% to US$1.33 in the same period."
as this is probably not taking into account share consolidation but gives some good analysts
SP predictions.
Https://finance.yahoo.com/news/growth-investors-industry-analysts-just-052740381.html
It would have to be JUP wouldn't it? I'm invested there too. I know it's a Fund investment, not JUP itself, but they've not exactly covered themselves in glory these past few years as you can see from the share performance. Hopefully this is a turning point for both.
The RNS was based on tripping the 5% - not all bought on a single day.
But I agree that much buying, even over a few weeks must have been a major support to SP - certainly better than the DEC BBs.
Perhaps knew what was going on with JAM and held off on the BBs accordingly.
“When’s the next divi?“
It’s not Ben announced yet date wise albeit they declared their intent for 3years divi’s.
Next xd will be 23rd or 30th May at a guess.
Gives the shorters plenty of time to find some funds if they intend to hold. Lol!
Usual caveats
Trek
Jupiter Fund buys 5% of DEC on April 25th with no noticeable price move on that day ??!!
Jupiter Fund acquired 2.38 million shares on a day with a volume of 236K shares traded ?
Can anyone explain what is going on?
From their website: "Jupiter is a specialist, high-conviction, active asset manager. Our purpose is clear – we create a better future for our clients and the planet with our active investment excellence."
So are Jupiter's active experts better than Voleon's AI Bots? Looks like Jupiter have convinced themselves there are no emissions / plugging concerns with DEC and that DEC are good for the planet. Just need to convince everyone else now.
I'm guessing GG doesn't work on Jupiter's investment team despite his insider knowledge of falsified reserves / production numbers / buying at spot to satisfy hedges.
I hope you’re right !
I don't often post on LSE. DEC is poised for a major recovery...sky-high dividends by US standards (yes even with a 2/3rds cut), advantageous hedging, strong ESG performance, and JUpiter taking 5% is going to create a short squeeze. The shorters will rue day they listened to Snowcap Research.
Well Jupiter have had an ideal opportunity to buy with so many shorts dumping borrowed stock on the market. I would imagine this will be something of an Oooooeeeer moment for the shorts. Seems we now know why the SP has been relatively static / stalled whilst so many shorts have been increasing - and in a good way for once!
When’s the next divi?
Jupiter Asset Management Limited previously held only 0.33%, so pretty impressive they bought so much without moving the price.
5.65% short and Jupiter just come in buying 5% .
So pretty much all the short sells other than adage are out of money. I expect more insti’s to buy as Dec get index listing.
Still Jupiter have listed their phone numbers if anyone needs to give them a bell to loan some stock! lol!
Oh and don’t forget next xd to pay for!
I wonder who will buckle first and buy back stock. But remember shorts don’t have to close but you have to pay the cost of holding them!
Usual caveats
Kylie!