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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!
Against an American backdrop of DOW down almost 1%.
UK gain of 1.5% much better than FTSE rise of .48% as well.
Up significantly more than both US and UK markets today.
OK - so DEC closed up 1.91% on NYSE @ $13.90USD / £11.11GBP. We can but hope it continues - that's actually not too shabby really considering the increasing short interest working against any increase in SP. Fingers crossed.
Pickledpeck: 'Notrex, you're obviously unhappy to be in this share,.....' - I suspect the list you might compile of those who are not unhappy with this share could be written a rather small piece of paper with a very broad nib felt marker. Furthermore, I suggest that anyone who is actually 'happy' with the current state of DEC is either a moron or pi55ed (or both)!!
'...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 ?
Tell me notrex, how does it feel, knowing I was right, and seeing your capital halved, and your dividend shredded ? How do you deal with having to give Rusty the benefit of the doubt, labelling him incompetent - despite his extensive background in the oil and gas industry and finance - rather than coming to the realisation you've been taken for a mug - and not for the first time. And not for the last either. 🤣
GG: 'Notice: We no longer track disclosures after they drop below 0.5%. It is possible that the manager still holds a short position even if we are showing it as zero.' You are correct that the FCA threshold is 0.2% (wef 18 Dec 23) - but I didn't cite the FCA short selling web site (https://www.fca.org.uk/markets/short-selling/notification-disclosure-net-short-positions) - I cited shorttracker.co.uk (https://shorttracker.co.uk/company/GB00BQHP5P93/) - where the disclaimer about their threshold being 0.5% is clearly displayed in a banner. Pity you didn't look before you pulled another one out of your ar se!! You really aren't very good at this are you GG - Game, Set & Match (again) - no need to apologise!! PMSL
'...Well I'm very disappointed with you GG...'
It's such a shame notrex you didn't give any credence to my initial warnings, over 12 months ago, when this share was double what it is today, and the dividend was triple what you'll be getting in your next payout. Just think, instead of insulting me, you could have sold out at that time, and moved on or waited to get back in at these levels. Oh well, you live and learn...or not, in your case, lol.
Notrex, you're obviously unhappy to be in this share, you dot see the price rising let alone recovering, so why haven't you sold? It's a serious question, you plainly don't trust the management team at all, and have pretty much no hope for the prospects.
Genuinely curious about why you have not sold and moved on?
Good news is JPM and Bridgwater have burnt some stock and the SP is now higher. Again! lol!
Must try harder!
Ps don’t know if anyone here has SEPL as well. Another good quarterly payer on same sector as DEC. Xd today and sp is higher after divi!
Usual caveats.
Trek
(It's 0.2% btw, you got that wrong too). 🙄