Member Info for 13martyn13

When the name changed from DGOC to DEC and a fresh chat started, the third post in I almost posted....How long till we get the tax discussion.
Many long term holders have had something to say about this.
I’m with Interactive Investors and in my ISA the dividend is paid with 15% USA Withholding Tax deducted, and paid in sterling.
In my SIPP it’s paid in full but I have to have it paid in dollars ($) not sterling (£).
Apparently my ISA can only receive dividends in sterling but my SIPP has to have them in the currency declared.
So I have to do a FX transaction at my cost in my SIPP for every dividend.
I’ve come to terms that this is just the way it is.
A UK listed company, but doing all its business in the US, declaring dividend’s in dollars with a sterling election option ( which I think would only work if you held your shares in certificate form), what could go wrong :-)
If your not happy, sell DEC and buy NCYF instead and get paid in full, in sterling, about a 9% income, just no capital growth to talk about.

With increasing orders coming in and orders for 22/23 being expected, I’m more hopeful this months Techinvest will give us some coverage, out 5th June.
Very reputable monthly news letter.
As TL replied earlier in the week to me, ENET has its own way of dealing with news and will respond accordingly when it’s ready, but not too bad a week in the end.

I’ve bought in this morning, final results any day now.

Some large trades going through this morning 1.3 million so far, and it’s only 1 hour in.

Fantastic news, 2nd good RNS this week, expected a bit more of a positive share price reaction, but I’m sure it’ll come. With every RNS, holding for the foreseeable becomes easier.
Thanks to the LTH for keeping the lights on in the dark days, allowing me to join in on this major rerate.

Price has picked this afternoon, XD next Thursday 9.5c, but maybe a mention somewhere?
All very welcome though.

I’ve been notified of my entitlement this morning, but hadn’t planned on taking them up at first. But with STAF gaining momentum in trading conditions and a fund raise had been touted several times, this could be a major turning point for them having the debt burden taken away.
I do plan on taking up my entitlement shares now, but I’m still ****ed at the large discount to the 70p+ trading price at the time.

Surprised by the relentless sellers, holding up quite well though.

I struggled to buy those last 5,000 & 10,000.
Had to do a fill or kill.

I agree, well done, great news, especially the paragraph..
"To be selected in the shortlist for a GLOMO Award means recognition as a serious player - one to be watched closely in the tech sector. And to then win a GLOMO Award, means achieving the highest merit by your peers across the entire digital industry."

What caught my eye was whenever I’ve done a bed and ISA, there’s a sell price and a slightly higher buy price, so the MM’s gets their commission, and then I pay my broker the dealing costs.
I have occasionally received slightly less shares back, the difference covering the broker costs, when I’ve no cash in my ISA to cover the dealing costs.
All these trades are at exactly the same price, so the MM’s are doing it for free?
Obviously if you know of some concerned, they must be doing it at nil cost, and paying the dealing costs on top.
All in the past so makes no difference, just fun trying to join up the dots.

Today’s 28,000 x 2 sales and maybe the 14,705 x 2 sales could be a large holder off loading.
Nothing wrong with it, all healthy but just out of curiosity all the double trades over the last month can’t all be bed and ISA’s can they?
May 19th, 2 X 28,000 trades @ 43.5p 11 seconds apart
May 19th, 2 X 25,000 trade @ 44.25p 8 seconds apart
May 18th, 2 X 17,500 trades @ 44.5p 14 seconds apart
May 17th, 2 X 28,000 trades @ 43.5p 28 seconds apart
May 17th, 2 X 22,151 trades @ 45.2p 21 seconds apart
May 14th, 2 X 22,000 trades @ 43p 11 seconds apart
May 13th, 2 X 25,000 trades @ 42p 10 seconds apart
May 12th, 2 X 25,000 trades @ 44.25p 9 seconds apart
May 12th, 2 X 25,000 trades @ 45.2p 88 seconds apart
May 10th, 2 X 23,000 trades @ 52.5p 11 seconds apart
May 7th, 2 X 15,000 trades @ 52p 12 seconds apart
May 6th, 2 X 23,000 trades @ 49p 48 seconds apart
May 5th, 2 X 22,000 trades @ 49p 12 seconds apart
April 27th, 2 X 22,000 trades @ 53.55p 35 seconds apart
April 26th, 2 X 22,000 trades @ 53.15p 12 seconds apart.

You get the idea. So when we have a double trade I think it’s our large fund selling into the strength. Not flooding the market, but being sensible.
There are other very large delayed sales and a few buys which are reported the next day over the month, all nice and healthy.
Just an observation and of coarse I could be completely wrong.

There’s always been very little free float, out of the 69 million shares, only 15 million have been in the market, the rest have been held by the top shareholders.
I fully expected a raise because they’ve hinted at it enough over the last year, not at such a large discount, but expect the price to rise well above the £ over the next year.
Having a more liquidity may not do us any harm, and your 71p buy price Beevorma should turn out to ok.
It wasn’t too many years ago they traded at £15+

That’s the problem with having more debt than your MCAP, but got in at 27p on 21st August last year, so happy to hold and see how it pans out.

Priced at 112p and they get the divi, seems a little cheap, but then it is £150 million roughly, which does show the strength DEC has, that is hey can raise that amount over night. Well done Rusty.

At last the debt is getting sorted out.
Would’ve been nicer with less of a discount, 50p seems a little low, but then the size of the share issue is more than I was expecting.
Let’s see what the market thinks when we open.

Good for all concerned.

AIMing and Win4, I’ve just read your replies and had a mental picture of the two grumpy guys from the muppets sitting in their theatre box :-)
Funny, no disrespect intended.
I remembered Lef like his T Lines.

Hi adv11, yes your correct, not much time to decide, but like you mine are in an ISA and SIPP so I’m agreeing with your summary, in that I’ll probably give it a miss.
When the name changed and we had a fresh chat board, I almost posted to say...How long till we have the W-8Ben form/ tax discussion :-)
Like you I’ve banged my head up the admin wall at ii.
DEC pays in sterling in my ISA but I have to have it in $’s in my SIPP, no way round it apparently, so I incur a FX charge with each divi to convert to sterling.

Hi Gavster, I think as far as their technology for cleaning millions of bank notes in 1-2 hours would’ve been pushed due to pandemic.
They do state in the last results :
"Our two decade long relationship with a major world central bank continues to drive the introduction of more advanced products and an increasingly steady stream of hardware sales which could result in the combined development and manufacture of sensors worth over $50MM from 2019-2025

"These highly stable revenues underpin our growth and enable us to continuously innovate with products that could lead to more explosive growth in the coming years."
I like to think with the patents they own and the industry they work in, SPSY have carved out a niche for themselves.
Five years of a final dividend and share buybacks going on in the background, can only help our share price.