Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
What's suddenly awoken GAMBLORIV since his/her last post 2 years and 11 months ago? Has he/her/it been watching DEC intently for all this time and now finally worked out that the company is a fraud?
There's a very simple solution to these trolls, the block feature!
Just like I blocked GG several weeks ago!
Seplat is up 120% over past 12 months in Lagos compared with about 60% increase in London
https://afx.kwayisi.org/ngx/seplat.html
According to my Stocko portfolio I'm now a multimillionaire, LOL!
@Vulture, US listing is planned for about a week or so from now as I recall, the exact date is on the RNS
It has been increased, but not by as much as they'd hoped. Note the comment about Nigeria failing to meet previous quotas.
"Based on that it has given Nigeria a 2024 target of 1.5 million barrels per day (bpd), Angola one of 1.11 million bpd and Congo a target of 277,000 bpd, OPEC+ said in the statement.
In June it had been agreed, pending the assessments by the consultancies, that Angola could produce 1.28 million bpd and Nigeria 1.38 mln bpd and possibly as much as 1.58 million bpd.
Both have failed to meet previous quotas hurt by underinvestment and security issues.
Congo’s target for 2024 is roughly in line with what was agreed in June."
https://businessday.ng/energy/article/opec-caps-nigerias-oil-output-at-1-5mbd-in-new-quota-allocation/
Pikeman
The Simply wall street site as posted earlier today, https://simplywall.st/stocks/gb/energy/lse-dec/diversified-energy-shares
Computer generated numbers, probably confused by the accounts indicating 73% revenue falls
I certainly believe in the business model is working and the 40% FCF divi affordable, as far as I'm aware that's been the case for the past 6 years and nothing has happened to change that. This is my second largest holding and I've managed to average down to 92p now so even at that average I'm currently seeing a 15% divi. The next 2 years divis will fully compensate me for the SP drop if it stays where it is, although I don't see any reason for it not returning to it's historical £1 to £1.20 range in the next year or so.
If DEC can sustain the current divi and maintain a reasonable level of BBs for a prolonged period (a year, 2 years, 3 years?) surely during that period market will gradually start to realise that the business model they're using actually works and the SP will recover?
Also, the fact that this is owned mainly by institutions, and to my knowledge the % of institutional ownership is not reducing significantly would suggest that there are plenty of informed people with confidence in the company and its business model, which makes the continued SP weakness difficult for me to understand.
Saga,
It's clear you don't read the RNS's that DEC produce otherwise you'd have known about the 20:1 consolidation weeks ago and be aware of the reason for it. You'd also know that SP weakness is nothing to do with the consolidation.
Yeah historically they've issued their half year report 1st week of December so hopefully will land next week. We certainly need a positive RNS to help to push the SP back up towards 20p.
A friend did some research on the possible new owner. I can take no credit for it
Company
CONONISH MINING LIMITED
https://find-and-update.company-information.service.gov.uk/company/15310690
People
KANSAGRA, Bhupendra Shantilal
https://find-and-update.company-information.service.gov.uk/company/15310690/officers
List of companies
https://find-and-update.company-information.service.gov.uk/officers/aUodWEruwol5FQBStVc6Mlajubg/appointments
Daily Mail
A British millionaire has been charged with manslaughter after 48 impoverished villagers died when a dam burst on his farm estate in Kenya.
Perry Mansukhlal Kansagra, 44, is a member of one of the UK’s richest families, who are worth an estimated £320 million. He denies the manslaughter charges but faces life imprisonment if found guilty.
Kenyan politicians have said the dam was built without either the required legal permission or heed to safety laws, a claim that Kansagra denies.
The Kansagras were listed as the 388th richest family in Britain in the Sunday Times Rich List.
https://www.dailymail.co.uk/news/article-6027053/British-millionaire-charged-manslaughter-48-die-dam-collapses-Kenyan-estate.html
Looks like he'll fit in quite well then......................