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Well GG - you certainly seem to have had a particularly hyperactive day today - perhaps it's time for 10mg of diazepam and a lye down in a darkened room for a while - at least until it's time for your next frenzied outburst?
P.S. Unusual way to end your last tirade by quoting from The Four Yorkshiremen sketch - who'd have thought you were a Monty Python man eh? LoL
https://www.youtube.com/watch?v=VKHFZBUTA4k
Ok, clueless, since you asked, I'll open up a little bit about myself.
I believe there's nothing like a good glass of Château de Chasselas. I mean. Who'd have thought thirty year ago I'd be sittin' here drinking Château de Chasselas. In them days I was glad to have the price of a cup o' tea. A cup o' cold tea. Without milk or sugar. Or tea. In a cracked cup, an' all. And before I could afford my very first cracked cup, I used to have to drink out of a rolled up newspaper. And even before that, the best I could manage was to suck on a piece of damp cloth. But you know, I was happy in those days, though I was poor. Or perhaps it was because I was poor. My old Dad used to say to me, "Money doesn't buy you happiness, son".
'...My username 'Clued' is of little relevance really...'
FACT ! 🤣
As usual 'clueless', you're either lying, or have no grip on reality. I did indeed draw attention to the number of posts others had made on this board, but that was in response to them accusing me - either through ignorance or dishonesty - of posting excessively when they had actually posted more. Facts were on my side then, 'clueless', just as they are now.
J P Morgan increased their short again yesterday by a further 0.1% - now at 1.37%. That's now 5.52% of declared shorts (those over 0.5%) - there may well be others below the threshold.
Clearly, good ole Rusty and his latest in the tragic series of limp wristed BBs are having absolutely zero impact on the shorts (except to encourage them maybe?).
https://shorttracker.co.uk/company/GB00BQHP5P93/
Greygeorge, you've posted 5 times on this board today. I recall recently your derogatory comments criticising various posters for the high number of posts they place on here. You are the sad individual who hates his / her life. My username 'Clued' is of little relevance really, at least it's much shorter than many names on here to facilitate replying to me. Even though this is an 'anonymous' board, and I could be lying and I don't know your life's circumstances for sure (I have already said what I suspect they are and think you are very dissatisfied generally), but I am myself very content with my financial net worth. I don't have the wealth of some, but I have absolutely no debt, don't need to work, own my home and large garden, have ironically (v my net worth) relatively little need for expensive material things, eg cars, electrical equipment, fancy holidays, eating out regularly, etc... I have a car 20 years old (my old banger !!), enjoy the simpler and much cheaper aspects of life probably more than many who spend spend spend to try to make themselves happy and still aren't satisfied. This is me greygeorge and now it's your turn !! Are you able to open up even a teeny bit about yourself at all, I doubt it, but I am curious to know for various reasons not to be stated here !!
'...Diversified Energy IS THE BEST SHARE TO BUY AND HOLD.
Guaranteed rise from today !!...'
Sometimes though, clued, your sense of humour really does shine through. 😁
'...Fundamentally greygeorge, you're a coward as you hide behind anonymity on here and constantly abuse people. Would you say what you say on here to someone's face, I very much doubt it ?!!...'
Lmao, I consider myself suitably admonished by someone who...calls themself 'clued', 🤣 and hangs out on a board full of anonymous posters who frequently posts conspiracy theories as and when the mood takes him. You're funny, 'clued' 🤣
I can't help myself notrex, I love catching out liars, even anonymous ones. Liars, and morons. They're so much fun.
Blimey GG - you really mustn't get sooooooo excited - calm down dear - it's only an anonymous BB!!
'...I bought PHNX, just a few a 479 average and posted a stop. They work ok on liquid stocks like that.
Anyways, I was out all day played golf and had youth group later and when I looked all my PHNX shares had been sold and I nearly made £400!
The idea wasn’t to make money as I thought it was going to bounce! The idea of the stop was not to loose any money!...'
So, trek baloney, what you're saying in that statement is that you bought at 479p, they went up, you didn't sell at the higher price, but instead placed a 'stop' order to sell them if they dropped later that day to a lower price, which would be your stop ?
But that's where you screwed up, trek baloney. You stated, quite clearly, and more than once, that you put a 'stop' on your purchases at the time you bought them, at a higher price than they were at the time you placed your 'stop' - other wise ii would have made it clear when you tried to put your 'stop' on that you may NOT set a 'stop' price that is HIGHER than the CURRENT share price. So, you see, trying to be smart has only resulted in you being shown up as the liar you are.
Probably a bit early for you here in the UK GG. But if you buy a stock at 0800, it then goes up 10p putting you in profit do you know you can then put a stop on above your buy price the same day and protect your gain.
Anyways when you wake up in La La Land and read my post don’t expect a reply as I will be out on the golf course with friends on this bright sunny day praising how fortunate we are to be able to own even one share in any company,
I won’t be engaging with you again. Now go and make the world a better place by sharing a little happiness and not bitterness.
Trek
Ah greygeorge, I expected you to post a nasty reply to my post, too tempting wasn't it !! I've been trying to profile you, but all I have are your repetitive nasty anti-social comments which indicate to me that you are a very bitter sad individual lashing out at the world. You are intelligent, but there's a lack of depth to your analyses. Hard to put an age on you, but I'd guess you're well over 40, thus your frustration at the way your life has gone so far and your feeling that you can't improve it. Your greygeorge user name backs up my view that you perceive your life to be 'grey' / overcast / depressing. Whatever you are, just remember 2 things: there's always someone else worse off than you AND you know very little about those you constantly criticise and abuse on these boards. Fundamentally greygeorge, you're a coward as you hide behind anonymity on here and constantly abuse people. Would you say what you say on here to someone's face, I very much doubt it ?!!
Notrex, you're correct I've already Bought enough within my portfolio, now I'm Holding.
I give the Strong Buy for those who haven't yet bought and for the AI !!
Hi pickedpeck ,
The CEO got the company in between a rock & a hard place. It was all of his own making.
Who demanded a USA listing him.
That same USA listing that meant he got the company trapped between what you can do on the LSE & what you can do in the USA.
He's the one who turned the buy-back on & off at his own whim.
If he had thought it through he could have solved the dividend/share buy-back issue when the yield on the stock got silly. Sadly he only got part of the answer at the very last minute.
What they could & should have done, was not listed in the USA, stopped the normal dividend payment & turned it into a special dividend & share consolidation each quarter. The dividend would either be frozen at that set amount (per share) for the rest of the year & would then increase by say 5% for year 2. All the saved dividend's would be used to fund a share buy-back program which activates if the share price is below X price. So the total cost of all this was exactly the same as the total cost of the dividend previously.
Anyone daft enough to be shorting the shares would soon feel the squeeze & leave the scene.
If anyone doesn't get it, then lets start of with the share price at 70p back then & 1 billion shares in issue & the dividend 3.5p for Q1. After the payout there are 950M shares in issue (3.5x20 =70p hence the 1/20 of the shares removed (50M).
Those who want to have the same amount of cash invested in the company need to buy additional shares on the market to return there holding to its previous level. They are also competing with the buyback program if the shares are below say 70p in Q2, 72.5p in Q3 & 75p in Q4. Market made aware of the trigger levels in advance for transparency.
Q2 dividend is 3.5p & share price is still 70p, This takes @ another 47.5M shares out of circulation + any buy-back ones.
Q3 divi 3.5p per share & share price 73.5p This takes out @43M shares + any BB & now just 859M max remain.
Q4 divi 3.5p per share & share price 73.5p thus another 41M + any BB ones are taken out. leaving 815M shares max.
The NAV per share has now increased considerably if it was £1.2 before its now £1.466 or plus 22%
If the share price is driven down at the ex-div date even more shares get taken out making it even worse for the shorters.
That's what they could & should have done but couldn't due to the CEO's USA vanity.
LOTM
Bod have read this all wrong!! Plus buybacks should be at 50,000 shares a day instead of a woeful 3,750 regular day drip!! If Rusty and his team don’t buck up then even US investors will pullout big style!! When will we know if the dividend is 30 US cents and when paid or if?? Come on Rusty boost the buybacks, get rid of the shorters and then take this share back to £15!!!!!
May be averaging down. They took the bulk out in March. 880-890 ish.
https://www.lse.co.uk/share-prices/short-positions/funds/jpmorgan-asset-management-uk-ltd.html
US opened down was down about 2% probably looking at short.
On a positive if gives one a chance to get some extra yield!
JPM have been wrong so far. The long game here with the debt run off looks quite positive.
I guess for an institution the size of JPM they probably balance across books so averaging down here is pence to them.
Usual caveats
Trek
Seems skiramp hasn't convinced J P Morgan yet!? LoL
J P Morgan increased their short by 0.46% yesterday - now at 1.27% - that's a big increase.
https://shorttracker.co.uk/company/GB00BQHP5P93/
Pickledpeck: I'm not arguing about the award of option to execs - I accept it's pretty universal. However, what I am saying is that at a time of massive negative sentiment, an SP in the gutter and investors baying for blood - it was most definitely not the time to indulge themselves in the award of options which would have to be made public knowledge via RNS. That was just asking for gross negative sentiment to go even more negative - it wasn't rocket science to see that coming - their timing was crap and the utter lack of awareness beyond bewildering!! On that basis alone they deserve to be treated like pariahs. That's notwithstanding the multiple issues of lack of credibility caused by saying X and doing Y - or mostly doing bugger all (see Jim's post below).
I think both are fair comments except the timing is off. At the time of all but one of those announcements the share price had already dropped by around 50% or more, and the business operating environment had change considerably. The exec can't drop hints either, they have to either say something outright or not, no clues.
Where I think they could be held with feet to fire a bit is the US market listing hokey cokey, where we are, no we're not, yes we are confused a few.
Options are an interesting reward as they always come with an exercise price above the current one. They only become valuable if the share price far exceeds the option price. I know its weird but options are pretty universal as part of exec pay packages these days because they are a tax efficient way of incentivising company leaders. I've been given options in the last three companies I have worked for, only a small fraction of them ever landed cash in my pocket because of claw backs on leaving, rules on M&A etc despite solid performance. Options are seen by many as magic money beans that may never turn into anything at all so I don't go too hard on them in that regard.
Also as Joe Public exec pay exists in a different world, especially in the US. The payouts in share incentives seem large, but in terms of exec pay they are pretty small.
For example Ben Sullivan getting 9,600 shares, or about £100,000 seems ridiculous, but he will have had hard performance criteria written into his contract to get that. Also we should bear in mind graduates in US O&G companies start on over $100,000p.a. , a corporate lawyer earns probably a lot more than ten times that. No matter what you think about it as a shareholder it is what it is, that's the pay for that kind of character. I know I have hired some.
Pickledpeck: I'd actually agree with much of what you say - but not the comment regarding market sentiment. DEC put themselves in the position of being called liars by many by repeatedly saying they would never cut the dividend and then cutting it (whatever the reason - that's what happened) - it will be a very, very long time before folks forget that shafting. Had they been more transparent and prepared investors for what transpired to be a near 180 degree turn in the business model - the shock might not have been so severe. Furthermore, when the situation was then at its very worst DEC announce they are going to award themselves options - immediately seized upon (quite correctly) as 'reward for failure'. Now DEC had control over all the above (to a greater or less extent) and manifestly severely damaged 'sentiment' by their actions and/or inactions. This was the responsibility of the BoD - you can't cast off that blame to others.
P.S. Just seen what Jim has written - all correct and adds further weight to my post above.
PP - I’d argue that the BoD do have a significant impact on sentiment, which as you say, in turn impacts share price.
Repeatedly saying one thing then doing another does not improve sentiment:
- no more fund raises by dilution
- will keep the dividend at a fixed percentage of FCF
-will commence massive BBs
- will buy your shares at 105% if SP if you forgo the dividend.
All promised, none delivered. Hence the sentiment!
I know it is easy to blame to exec for the share price issue, but all they really control is the business operating performance. The share price is driven against other factors which the exec do not control, not least market sentiment which is obviously fickle in the extreme. Oil & Gas bad has been a recent narrative, so too stocks on the London Exchanges, so too has been any company with significant debt levels against high interest rates. DEC tacking all these boxes mean they were a sitting duck for the shorts.
I'd argue the operating performance in the environment they find themselves in has been better than just good, but you would have to find peer group companies to make the comparison with to be completely fair.