REMINDER: Our user survey closes on Friday, please submit your responses here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Accountancy rules on derivatives and hedging there to clarify the accounts - or perhaps not!
We have this discussion every report - what is real income, expenditure and profit and what is imaginary non real loss or profit.
Net loss of $15 million inclusive of non-cash unsettled derivative fair value adjustments, and non-cash depreciation, depletion and amortization
How did they lose 15m when natural gas prices are low, this is when all hedges should be in the money?
Nobrain
Were your parents as vile to you as you are to everyone else?
In your case vile could be considered a positive.
Investing isn't for you, you clearly can't take the bad with the good.
Move on get a building society account.
I wonder if the US will appreciate the update more. Be interesting if they give the SP a boost.
Greygeorge, thanks for the reply .
My broker is iii, this issue of form 1042 has risen as I did not know that investors have to renew W-Ben form every 2 years to get the US Withholding tax, hence the tax was at 30% level. To claim it back they sent me 1042 B,C,D forms-already filled in by them- and the shares are not in ISA or SIPP. What is confusing is the brokers message saying "....if you believe you are due a tax refund you would need to approach the IRS directly to reclaim the overpaid tax using the forms we provided"
Https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=Dec
This gives you both Q4 and next Q1 dates.
Well spotted Dave, that clears that one up 👍
Will they increase the divi after 3 years??
Yup, the next divi is clearly shown on DEC's website under 'stock data' - it won't move to the divi/tax section until it's paid.
Well its very clear to me , they will pay the quarterly dividend of 29 cents amounting to 1 dollar 16 cents per annum for the next three years.
I think they will manage that and invest for the future of the company, and the SP will be dependant upon any growth that may come from here.
But of course that is only the current plan and i think it will be sustainable.
I'm expecting it because it's quarterly and I know when the last one was.
Point again is why don't DEC make the dates clear on their website - it's not listed on HL DEC info pages either.
It's not difficult and would provide a boost to potential investors for free.
When the dividend as reduced they said this on the 18th of March, it reads to ne that the did vend wil be sustained at the new rate for the next three years..
Below is from that report.
In conjunction with the asset acquisition and following the Company's capital allocation policy review, the Board has set the new quarterly dividend to $0.29 per share which equates to $1.16 per year. This fixed quarterly dividend payment will be sustainable for at least three years and maintains a top quartile pro forma yield1, among FTSE350 and higher than a majority of US listed peers, while providing the Company financial flexibility to reallocate approximately $110 million annually of capital towards the other elements within the updated capital allocation framework. When combined with our planned debt reduction through amortization of approximately $200 million in 2024, the capital allocation framework will allow for an opportunity to meaningfully reduce leverage and remain within the Company's stated target leverage range of 2.0x to 2.5x. In addition, the Company will have increased flexibility to conduct a strategic and regimented share repurchase program, while also providing for the opportunity to make accretive acquisitions. The updated capital allocation framework will take effect with the recommended final dividend for 2023, payable in June 2024.
Latius - thanks for link but my point was that DEC should be giving their investors / potential investors this info. If doing a precursory look at financials on DEC financial data you could assume next divi not til Q3 so no rush to buy at present.
If DEC aren't going to do simple things to help investor confidence SP is going to stall here.
Trading Statement not so attractive if production compared with Q1 2023!
Q124: Recorded average 1Q24 production of 723 MMcfepd (121 Mboepd)
Q123: Recorded average 1Q23 production of 833 MMcfepd (139 Mboepd)
Q124 ◦ Exit rate of 742 MMcfepd (124 Mboepd)
Q123 - Exit rate of 872 MMcfepd (145 Mboepd)
Cash flow etc impossible to compare due to tax credits, derivative adjustments etc
It would be nice if they listed the production comparisons between Q1 last year and Q1 this year and actually explained the reasons behind the differences. Are they pumping flat out or have they slowed whilst price is low? I don't believe GG's Chicken Little conspiracy theories but a clearer, less opaque explanation of the numbers would assist investor confidence.
As Jim has pointed out the company hasn’t announced Q4 divi, it refers to it in the new capital allocation in March Rns being payable in June, but no further mention.
The question is, has someone screwed up or are they shafting us out of the final divi.
Or am I missing something.
Gives me a yield of 5.8% in total whilst would be seen by many as poor after previous numbers its what i've now landed on with all the changes so i can take that in the background, churning out every quarter and improving overtime
Pardon small mistake. Ive been exploring ecora but if you will navigate ftse250 there is dec as well.
23th may ex for dec.
U can find it as well here.
https://www.dividenddata.co.uk/exdividenddate.py?m=mainmarket
But that’s the one after next. Still due one xd end of May to be paid mid June.
No one other than dividend max seems to be listing dates for the May / June xd and payment dates, not even DEC IR website.
Reads pretty strong and stable, they continue to find cost savings. they seemed focused and dedicated to cost improvement and they’ve secured a sensible price rest of the year
Dividend of 29 cents confirmed - payment date 27 Sep.
Crikey, Seems GG went on another rampage last night after I hit the sack. I guess he was even more upset and angry at the drubbing PP gave him than I thought? The term 'sore loser' barely gets close eh!? LoL
Ok, thanks to Vistaman and Justanotherbat, I have a definitive answer to the question you asked about 1042-s.
It's for reference only, your broker was the issuer, and it shows details of payments received, and tax withheld. If you've filled in a W8-Ben with your broker, to reduce the tax withheld as a non-resident of the US, if applicable, on shares held in an ISA or SIPP. You must have some sort of exotic broker, if they're going to the trouble of issuing a 1042-s. But the parts - or copies - BCD are just for your reference in case you have to fill in a US tax return.
'...Doesn't matter if he holds shares or not, all he wants to do is talk merde and get all the attention, I filtered him after reading one post...'
And yet there you are. giving me attention. 😉
Vistaman, for context, take off the tinfoil hat, and read the whole sentence :
'US tax is a nightmare. I'm with ii, and just had to fill in an electronic version of w8-Ben to reduce withholding tax for DEC in my ISA. My wife's American, but we file separately so I don't need to complete any other US tax forms.'