Member Info for Alessandro

Lemonade, the margins.

Will this go even lower past the ex dividend date?

The balance sheet carries around $4bln in total asset and around $4bln in total liabilities. I assume the total asset accounts for the estimate value of the gas in reserve. The total equity (total assets minus total liabilities) is around nil. I consider that the cash flow in the coming years will come from the sale of the natural gas in reserve, which is no more than $4bln in value and I factor in the cost of debt, repayment of debt, operating costs and so on. I am ignoring the contribution to the cash flow of ancillary operations such as, third party well plugging, solar farms, etc. Where is the value left for the shareholders in a company that relies merely on the sale of its 'inventory'? It baffles me that the dividend payout is so high, is it sustainable? If my assumptions are correct, the company would run out of gas and plug all their wells before they will have repaid their debt.

By comparison, Shell PLC has around £200bln equity, which is in line with its market cap. Is Shell PLC in a better place than DEC, why would I invest in DEC rather than Shell if I was to hold with a long term view?

(Disclaimer: I have a small position in DEC already. Disclaimer 2: I apologize in advance if my post is not the clearest, English is not my fist language)

What is the value of the gas reserves that DEC holds?

Interesting. Why was he tried to be ousted?

Cruusoe, valid point when you want to run a charity.
Companies profits ought to grow at least in line with inflation (that is however unsatisfactory, you want to beat inflation).
If you expect investors to get out less than they invest (against inflation and discounted by the BoE rates) you will live in a world with no industry and empty shelves in supermarkets. Of course you are free to shop elsewhere and boycott. Please let me know where you have not seen inflation and I will join you. Even in German discount shops some products rose by 20-30%. Food inflation is very understated.

Apparently there is a big pressure on banks from gov's and investors to divest of fossil fuels. Would that hamper the ability of DEC to access capital?

Toff - Wise words. I held a small position in IBPO for about 6 months. Got 2 div payments that cancelled out my losses by the time I decided to sell upon more research I have done on the company.
When I saw the share price nosediving, now after about 2 months I sold, I was glad I got out earlier enough. I was tempted to get back in to speculate on a bounce back, however, that is mere gambling. The ship is sinking. You can't speculate when you are not prepared to hold the position for a very long time if the share price action doesn't turn favorable in the short term.

I hope it was for bookings and not complaints

Share repurchasing, a meagre 12000 shares.

Tommy, even if the stock goes to zero that won't matter to the shareholders, particularly for the CEO. That valuation is only valid as long as trades are done on the stock market. Once delisted the face value of the shares will be different. The CEO major shareholder may decide to sell it OTC or as far as he may care, even dissolve the company. He has now made a hundred millions pounds or so, out of a mere call centre.

Least we forget, this company made a fortune for the CEO and founder, taking on a massive debt to finance a dividend payment that ended up entirely in the pockets on the CEO, whom holds the majority of the company. The doesn't really care about the share price, having already cashed in.
I wondered why they were listed in the first place. This screamed frauds since about 2 years ago.
No investors want the shares now, even with a prospective yield of 80%. Bad management.

Why did Stifel downgraded OTB to sell yesterday, whereas it upgraded some airliners?

Angelis 8.25 dividends is based on last year's payout.
This year will be considerably lower, probably half as much or lower

I thought this couldn't go any lower.
The housing market is getting tougher. We have already seen most of the upside unfoling in the past 3 years. I would now expect a period of stagnation or even a correction.
Which pleases me, not as a shareholder, but as a property buyer (to live myself, not to rent out, as the rental market for private investors is gonna get tough with all the energy certificates stuff)

Provisional date: 17 May 2023.

It is good too see some directors' buys

When this year?

the only valuation I can see for Somero is on Sharepad, and it equals 675p.
Is this realistic?

Leemuu, what do you think of the new CFO?