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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
Poor old trek baloney, lol.
'...Well - I see J P Morgan are looking increasingly like losers (maybe GG is one of theirs?)...'
Oh dear, I really do seem to occupy a corner of your head, lol.
Good news on the rise though. Just another...what...70% to go to get back to where you were a year ago ? Still, there's always the dividend, right ? 😉
i think they just carry their losses and probably sell winners to pay off loosers in the hope they average out in profit. i note dark shorts (i don’t hold) opened a few days before a nod was announced and the sp went up 16%! ouch!
they do get them wrong! but like here shorting at the bottom of the chart with sales volumes coming through and hedged production has proven to be an absolute howler!
but what an opportunity it’s been for some and still is imo!
no reason why this can’t follow the other side of the ‘bathtub curve’ back up now. improved margins can have an exponential impact of the sp. you only have to look how commodity stocks like gold, copper, cobalt etc react to improved prices to see that.
i think we will make our way back to £15 here which is the start of the decline and gave a false top in november before the sp steeply fell.
i topped up at 1091 to hold and some at around 1083 in another account to trade. i am pretty confident this will claw back to £15 and go way higher over the next two years (************* interview) when the abs’s close as that cashflow from longer life assets will be free of debt payments. the market will then appreciate the full cycle of rusty’s amortisation model.
usual caveats
trek
Seems after the NYSE finally settled last night (which takes quite some time) DEC actually closed 4.32% up @ $14.50USD / £11.61GBP. One can but hope this trajectory continues - hopefully that circa 5% JAM buy will mark the turning point here.
OK boys and girls - DEC closed up a highly significant circa 4.05% on NYSE this evening at $14.46USD / £11.57GBP (having been well over 5% up during trading). If the shorts aren't on the run early next week they should be put on suicide watch!!
Now time to head to the pub for a beer or two. Poor old GG - made to look a total clown last night and DEC on the up today - not really been his week has it eh? LoL
Looks like JPM increased their short another 0.2% yesterday. Shares now up over 5% in NY. Surely something has to give