Interesting Company16 Jan 2024 09:37
I'm assuming DEC is very much against reducing dividends, as if this occurs the SP will reduce, in turn the companies market cap gets reduced.
If Market cap gets reduced it clearly has a massive effect on the lending criteria.
Although I'm a total novice (so i could be wrong) DEC should stop investing in new projects.
When it has surplus cash be more aggressive with BB (buying shares saving on paying 30% dividends).
And increase its fund for capping wells also adding more clarity re capping costs..
In short consolidation may be more prudent.
Im assuming the main reason the SP has come down over the last year, is more todo with the G&O price coming down.
The court case and request for Capping price information from us government will i expect blow over in time.
I am bullish regarding DEC, to other investors hold on in there.
kindly would some one answer a questions please.
After submitting the relevant W8 WHT tax forms if im based in UK and British, would I before receiving dividends be paying WHT OF 30% OR 15% OR 0% ?
Thanks