Member Info for CommandoKai

At least 100 million plus according to the interwebs.

That's the last thing Biden would want targeted, if anything he would tell them not to strike at any oil infrastructure, he doesnt want sky high gasoline prices at the pumps going in to an election, they already released reserves to stop that happening before.

On the plus side, apparently Biden has fallen out with Netanyahu, they cant stand each other, so Israel might do it anyway, against US wishes.

I doubt they will raise the dividend until the prices stay elevated for a while yet, but this deal does allow them to return to monthly payments if they choose to, as it was the debt deal that forced it to become quarterly, so the barrier is now removed and they know it was popular, reduced volatility and short sellers. It really would add a unique appeal again, which worked wonders last time.

Either way, this was a great deal. I hope they dont waste the headroom on Serenity though, with Labour looking likely to raise the already ridiculous communist windfall tax, why take the risk?

On initial workings out and assumptions which I might be missing something, if say youre getting £1000 dividend, very roughly 6.25% (a quarter of 25% yearly yield) of the current share price and assuming the share price was still at these levels when its worked out, youd be selling them 6.25% of your total holding which is £62.5 out of the basic 1000 of the normal divi, but you get a 5% premium on the recent share price average plus youd get an extra 15% you wouldnt lose to the WHT and say 1.5% saved in currency exchange costs, so youd get about 21.5% more on that £62.5 which is a poxy £13.43 extra, which you could always choose to buyback some more DEC stock with at likely better prices too after the ex dividend drop, but then trading costs out of that too, barely worth the hassle, especially outside an ISA.

It's potentially worth it for slightly better short term gains if you have a huge holding and want to derisk a little, but if you think DEC are going bust you should probably just get out fully out ASAP anyway. If however, like me, you expect them to recover eventually and likely do far more than a 25-30% gain on that small % then not worth risking the variables of the share price changes when you could get 100-200% by just staying fully invested.

Or did I mess up somewhere with my thinking?

Traders might like it, but it's more of a signal to the market of their confidence and ability to pay than any huge benefit to small and medium sized long term share holders, personally I'll just take the normal divi and hold for the recovery, fingers crossed!

ItsaPonzi, I dont think you get it, correct me if I'm wrong but it seems to me the oil companies have asked for £20 per barrel to cover their costs, which I assume is untaxed and unsplit with the KRG/Iraq? But anyway they will get $20 per barrel PLUS the difference of whatver the oil price is and split that with the difference with the KRG/Iraq, or something along those lines, so not just $20 barrel falt no matter what the oil price is, I dont think any companies would be demanding that, they would demand like 60 at least if they were. Or maybe I've misunderstood?

But seems very positive to me and could be back in business in about a month.

I imagine a decent jump tomorrow back to 1.33 area perhaps.

Yeah, didnt blow the doors off, but if the recievables do roll in that wipes out the debt plus some, that would be a nice catalyst for the SP, plus news of a farmout deal could also generate interest.

I see this as a slow burn exploration play with decent balance sheet strength and income funding keeping things ticking over until then, not many companies have such upside potential plus production and a stable balance sheet, even if the expolarion doesnt come in that's not really in the price at the moment anyway, so shouldnt be too much lower if we bail out after it fails, as long as you wait for the dust to settle.

I'm just chucking in spare dividends as they come in for more leverage on money I didnt have to start with and see if we hit a nice surprise. Wouldnt bet the house on it of course, but far riskier stuff out there IMO.

Thanks to the Demoprats, no publicity is bad publicity, especially when its so easily exposed as nonsense like this, it will draw far more investors to DEC than would have even been aware of them otherwise.

Short term paper pain for long term real gains.

I just hope GreyGeorge keeps spouting his ignorant rubbish to keep them down long enough to make me more money when I can reinvest dividends.

Yeah, because I know what's going on and you clearly dont have a clue.

We've already "owned the libs" by making them expose how dumb they are by attacking this company.

Youd have to be a total moron to vote for a party attacking a company that is cleaning up old wells that would not be dealt with otherwise, just proves its nothing to do with climate change, but all about jealousy.

Is that why Rusty sold out his huge holding of shares?

Oh wait he didnt sell any.

Sorry to inform you but the Twitter files proved the FBI suprressed the Hunter Biden laptop story to interfere with the 2020 US election, so its a conspiracy FACT.

Wow, that RNS blew the dumb Demoprats out of the water and exposed how stupid they are, picking on a company with awards for solving the problem just because of an out of date left wing ignorant hit piece.

No wonder the US is heading towards a civil war with this level of corruption, what kind of American are you, a Maga or a Senile?

Why dont you go block traffic with the rest of your low IQ climate cult and give us a break from your brainwashing.

DEC are committing fraud by buying old leaking wells and fixing them are they? They didnt even drill the damn wells in the first place.

And a volcano just erupted in Iceland that will spew out more emissions than billions of old wells, so this nonsense that humans can control the ever changing world climate is for weak minded fools, or are the Demoprats going to ban volcanoes and regulate the Sun next?

These Demoprats are the ones that need to be investigated for this short attack timing, and what do the fools think will happen if they bust Diversified? Then all these wells will be unattended and the cost of plugging them will fall on the tax payer or not be done at all.

I wont be selling a single share, I wish I had spare cash to buy more with this opportunity, but of course with my luck I only just topped up a few days ago. But It'll be worth losing 40k just to see it backfire on these Demoprat fools when they make the situation 1000 times worse! More likely they will fill their boots with cheap shares just before they withdraw their attack.

Climate cult virtue signalling.

You havent lost 50% until you sell or the company goes bankrupt, the share price was always going to be affected by cyclical commodity prices, currently we are in the lows, a great time to buy ready for the next highs, which with the virtue signalling net zero madness are even more certain and higher each time.

You shouldnt have invested in a commodity company like this if you have no patience to ride out the lows or should have waited till around now before buying in. No idea how a differnt board would be able to change world oil and gas prices, they are doing fine in my view considering the current circumstances, perhaps they may do another excellent value takeover soon while other companies are also undervalued currently.

I just topped up another 100k shares, sure they could sink another 50% in the next year, but when they do turn they could go up 200% from here in the next cycle, so I'll deal with the short term paper loss for the longer term larger gain, but yeah if you want a less stressful more stable FTSE 20% gain with a 5% divi that's your choice, but you were never going to get that here.

Most holders couldnt sell today because the shares havent been converted, not on ii still at least, so the buys have had a head start on the sells, I'm expecting the sells to flood in for the next few days once more people are able to sell, I'll be taking some off their hands at these prices or lower though.

Whoever you are with you have to fill out a W8BEN form to get 15% tax not taken off inside an ISA, just had to redo mine because they only last 3 years, on Interactive Investor at least.

I wanna buy more shares today but seeing as my old holdings havent updated yet I dont wanna confuse ii and get the new ones added to old ones and them split as well when they get around to it.

Found this on another board after not finding any mention of franking in their communications:

in LIT's final results (section 18. Equity - dividends) it says: "On 18 July 2023, the Directors declared a partially franked final dividend for the year ended 30 June 2023 of 2.25 pence per ordinary share, to be paid on 27 October 2023 ..."

The company really should have been clearer about this, as most mentions ive seen in RNS's and else where just say plain dividend, no mention of the franking malarky which means non Aussie holders like us end up with 30% less that as far as I'm aware cant be claimed back, they should have given the UK holders a clear idea of the amount we would recieve after this franking deduction, you'd expect better from a legal business to be crystal clear on details such as this, very disappointing, I like the prospects of the company but this is making me reconsider the size of my position in them for sure.

Just noticed that myself, I havent investigated yet but as it's 30% less I'm guessing its because they are an Aussie company paying a fully franked dividend, which I belive means they take 30% out for some dumb Aussie tax reason and Aussie shareholders can claim it back against their tax bills, we however cant claim it so we lose it, stupid system and as the company has a London listing it should pay its foreign holders the full amount IMO, but apparently not, unless its a mistake by the broker somehow, I'm with Interactive Investor. Anyone actually get the full amount?