Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
new video, maybe search
diversified energy company plc ceo and cfo discuss 2023 results, strategic acquisitions, and sustainability efforts (video)
from directors talk web site
https://www.
*************
/diversified-energy-company-plc-ceo-and-cfo-discuss-2023-results-strategic-acquisitions-and-sustainability-efforts-video/4121148334
i have had a listen to this and it is worth watching as the (bod) answers some of your questions. i am not in the apologist camp but i do get what rusty is trying to do and accelerate opportunities to stay ahead of the curve and competition.
dazzle
I also have phnx on my radar, looks a good buy for dividends.
Appreciate you replying, so soon deepjoy. I’m a little bit green and novice on the mutual funds and I’m researching on the best option to take. This 2% fee is this based on how much you have put in i.e. £10,000 and they charge £200
Hi guys.
Im looking to invest into reci into my stock isa i hold with interactive investor, can i ask those of you, what are the fees on this closed ended fixed income mutual fund, and when the divvy is paid is into your stock isa is there any cost reduced from the fund fees and or do you get the full 9.88% divvy yield at time of writting .. appreciate any info given.
Dazzle
Investors have the right to be cheesed off, Who have emailed rusty with their concerns and rightly so. ACCOUNTABILITY and fair play, not gung ho willy nilly do what a i want irrespective of shareholders and go against your own mantra….like i said before i feel DEC is a hold for now and i wait to see if they kick the can down the road or do what they which is written on the tin. Walk the walk or back up the talk.
As i mentioned in my previous posts the good out way the bad, the bad being an overtly reduced divvy but lets see when the debt is reduced by 2026 and in three yr time where the divvy may lie with in the FCF margin after EBITDA.
The only certainty is that we know for certain that rusty and Co. Can change their mind at a whim. I say let the figures and sums do the talking.. everything else is just opinions and speculation even facts are not set in stone as they are always being re-evaluated ..defo hold for me, but not adding for divvy as i was looking more for income than growth that value has eroded as we know and i feel for those who bought above £1, i consider my self partly lucky that i managed to reduce my avg down from £1.05 to 53p and still down 16% due to the drop (windows/gaps candlestick chart).
Im holding because the future for now looks stable for growth for those who see value at this point in time, for those who bought in higher it must be a bitter pill somewhat. But like others that have traded their avg lower to minimise their loss i say kudos for that. Everyone has their own strategy.
Dazzle
I can understand investors frustrations, but it is part of the parcel to learn and adapt at being a better investor. If not then i would recommend safer shores if your losses are greater than you profits.. its not for everyone.
Dazzle
I see DEC are being more aggressive than usual, and have considered the short term, mid and long term. As my head is clearing from the brutal divvy cut ( i was expecting 1/3 reduced) but looking at todays DEC reasoning i can live with it..they need to be ahead of the curve and the competition..( who's to say that other companies will be looking at their SAM model now and thinking uhmm thats better than ours and we need to change and adapt to stay in the game somewhat)
As long as they say and do what is on the tin then i am happy, but rusty has gone against his original divvy pledge. But overall the good out ways the bad
Dazzle
TrekMadone@7:43
I share your sentiments trekmadone, slightly disappointed on the dividend to be honest as i felt it would be reduced but not this much. But i can understand DEC reasoning behind their tough call decision. Lets hope their overall debt WILL be reduced by half in 2026 as mentioned recently by doug kris in his interview, with strong aggressive share buy backsi can see this heading the SP north.. defo one for growth for share holders but the divvy cut is brutal, it could possibly increase after three years as due to 1: lower debt 2: fcf 3: higher SP .imho DEC is a hold for now
Dazzle
@bismark 10:55am
Interesting point bismark, so how do you fill those parameters are stacking up that you mentioned..
Mrg123 @16:20pm
I share your sentiment, and i would go as far as to say that because DEC thinks it’s a great time to buy back shares. Hopefully the results do back up their S.A.M business model although i feel that a people still do not fully understand it and will put their own spin on the figures or sentiment to suit their own agendas…that being said you hit it on the nail with future gas prices forecasted on a slowly but stable higher trajectory, and a reduction of interest rates. But these and other factors could and might hold DEC sp Down somewhat until a better and clearer way unfolds.. reducing debt is the main priority and i hope DEC do cut it in half by 2026? The only bad side is the woke ideology putting their grubby fingers in pies they shouldn't be..i still don’t think the dividend is a problem ( look what divvy yield was being paid in 2020 from 5th march 13.36% low sp of 53p, 28th may 10.64% low sp of 94.5p, 3rd sept 9.64% low sp of £1.06, 26th nov 9.52% low sp of £1.07.
It stabled just above a £1 from august 2020 and didn’t go below a £1 roughly until march 2023.) make of that what you will.
Dazzle
Hey trekmadone 14:02pm
Glad some of us have been doing their homework, love the part when douglas kris @ 21:50min mentions by 2026 DEC will have shaved of $600 million off the outstanding $1.2 billion ABS and the smaller RBL… would just like to see a glimpse into the near future of DEC share price to see if those re rates from the likes of First Berlin equity research and the rest do see DEC at around £36.
Dazzle
Im definitely not getting involved with this tender argumentative/debate as it is (IMHO) going around in circles and i do not profess to be a financial accountant. We will see after the end of march.
The point i am making that should be looked at is that IF all is good with the DEC machine and it’s S.A.M business model is on a roll and is the NEW norm for our generation (out with the old way of doing things and in with the new) so to speak. Then consider this, that DEC are getting it’s shares just below half price 46.5p in old money (maybe look back and see if they bought back shares when covid kicked-in around march 2020) anyhow being half price YES it makes sense to Buy Back shares more so, with in the means (what ever creative wands they may wave) and get more value or bang for it’s buck..
So for example before the last recent high in old money of £1.40 DEC was waving between £1 - £1.20 but was on avg giving a decent dividend yield of around 10% before taxes and currencies exchange.. DEC have stated nothing has changed in their business model and do not know why other factors have decimated the SP. Just watch the recent interview posted yesterday via link… it was a great interview and upbeat and confident..
Even though the divvy is around 30%, and if DEC is willing to pay the divvy with in it’s SAM model, which i feel alot of people don't get fully. To DEC it is still the same ole same ole nothing to worry about hear move along… there is a lot of info via the help of the oak bloke, interviews of DEC and rusty hutson and his staff to see that they put their money where there mouth is…and can back up their business model to Congress and other committee types, then why worry?
With out getting to deep in to the rabbit whole, and into ever increasing debates in to the mundane in circles of trying to understand something, maybe it is best to let those who DO know how to run a company do it’s job and trust in their judgment that they are doing the best for the company and setting a trail blazer genuine ESG type of model in the process..
Dazzle
(Rusty dividend pledge) posted by asp5 on advfn april 2216 Feb 2024 19:36
Asp5 ® 28 Apr 22 - 11:40 - 2598 of 3114
just checked the 2021 results call (https://seekingalpha.com/article/4497142-diversified-energy-company-p/c-decpf-ceo-rusty-hutson-on-q4-2021-results-earnings-call )
re the US listing - this is what rusty said
"We also are looking hard at the U.S. markets and the potential for an ADR, do the listing, that will be a tremendous focus for us as we go through 2022."
So no target date specified as I mistakingly metnioned in my previous post, but certainly a work in progress.
While looking up the above, the following quote from Rusty caught my eye:
"And let me be very clear about the dividend. Under no circumstances is our dividend ever in jeopardy, we will never cut our dividend. We will always grow our dividend. As we grow, do acquisition, we'll always grow our dividend. That's part of our plan at the way we return. Cash to our shareholders, we told them we would, and we will continue to do that. We feel that 11% dividend yields are pretty hefty dividend yield and so we can use excess cash to acquire assets. We can use excess cash to buy back stock, if necessary. We can do a lot of things with that cash, but the dividends will always be a crucial part of the business and we'll continue to grow it as we grow the business."
This helps to clarify the 40% or 30% FCF assumption from the analysts. Reading between the lines DEC will grow the dividend but if yields continue above 11+% will moderate that growth (so FCF% may reduce) however if / when share price appreciates the 40% FCF target is still in play. Seems a perfectly sensible way to go and again hints at share price appreciation potentially using excess cash for share buy backs at these low levels.
Have to say I missed this when listening first time around.....
Windows and gaps
Slightly adding to what i mentioned yesterday around 4:30pm about the candlestick chart gapping down/up these windows (of opportunity to some) can be of benefit if followed correctly. I wouldn't be surprised to see this recover back up to £9.8 by tomorrow or next week as of now there is a 60p difference near and around the divvy price accounting for currency conversion. I would assume if a shorter added to the position it would of been before today if they expected a price divvy related drop on ex-div date…. I would wait and see how the USA responds after 2:30pm to see if there is a confident surge uptick or some sort of sell off from the £10 mark taking some profits..
Dazzle
@thehickster 16:05pm
Could be that the USA need the UK to sell some to off load over to them so they can buy….also i have been looking at the candlestick chart and noticed a few Gaps/windows that in technical analysis 9 times out of 10 these gaps/windows do get closed sooner or later ie around feb 6thh was a huge fat finger which closed up as high as $14.05 and odd from memory closing a gap down which happened in the USA on the 12th jan. There have been smaller ones since. on and off..
Hope this helps
Dazzle
@blacksteel 9:37am
Very interesting point there, you made. If i may add to that with what i have been researching on investopedia.com where to understand the sums and figures for free cash flow yield and adjusted EBITDA are a better maker to gauge a companies health….defo worth looking into, and it opens up a wider range of understanding that may have been missed by investors in general…
Dazzle
Asp5 ® 28 Apr 22 - 11:40 - 2598 of 3114
just checked the 2021 results call (https://seekingalpha.com/article/4497142-diversified-energy-company-p/c-decpf-ceo-rusty-hutson-on-q4-2021-results-earnings-call )
re the US listing - this is what rusty said
"We also are looking hard at the U.S. markets and the potential for an ADR, do the listing, that will be a tremendous focus for us as we go through 2022."
So no target date specified as I mistakingly metnioned in my previous post, but certainly a work in progress.
While looking up the above, the following quote from Rusty caught my eye:
"And let me be very clear about the dividend. Under no circumstances is our dividend ever in jeopardy, we will never cut our dividend. We will always grow our dividend. As we grow, do acquisition, we'll always grow our dividend. That's part of our plan at the way we return. Cash to our shareholders, we told them we would, and we will continue to do that. We feel that 11% dividend yields are pretty hefty dividend yield and so we can use excess cash to acquire assets. We can use excess cash to buy back stock, if necessary. We can do a lot of things with that cash, but the dividends will always be a crucial part of the business and we'll continue to grow it as we grow the business."
This helps to clarify the 40% or 30% FCF assumption from the analysts. Reading between the lines DEC will grow the dividend but if yields continue above 11+% will moderate that growth (so FCF% may reduce) however if / when share price appreciates the 40% FCF target is still in play. Seems a perfectly sensible way to go and again hints at share price appreciation potentially using excess cash for share buy backs at these low levels.
Have to say I missed this when listening first time around.....
Starting From 2023:
Pre share 20-1 ratio split
June/July - 200,000
Sept - 1,163,054
Oct/Nov. - 5,470,000
Post share 20-1 ratio split
Dec/Jan. - 435,109 (8,702,180)
Feb 15th. - 140,500 (2,810,000)
Glad to see rusty being creative..well done fella hope the figures help
Dazzle
Didn’t rusty mention in a recent interview that he sees buybacks as a defo priority at the moment, but the difficulty is getting the extra coffers to pay for them. So he's looking at CREATIVE ways to keep the momentum going in buying back shares…
Dazzle
@clued (up)
Nope just interested in stuff.. it is definitely a transition tech for better things to come thats all I'm saying. Just that some tech like Stanley Mayers hydrogen water powered buggy. He turned down a $billion offer from the powers that be?. The rest is history make of it what you will.
Dazzle
Something of interest
https://youtu.be/sVgY9pcYAL8
https://youtu.be/F9E65EJftL4
https://youtu.be/D0Dk4pIYIs4
https://youtu.be/-ugB_nK-Mu0
https://youtu.be/l6cxYnWTFi0
And not forgetting the late great stanley mayer hydrogen fuel cell buggy over 30yr technology… a legend god bless him..
https://youtu.be/staL1wr07Sg
https://youtu.be/yc_tMGJh43w
Toyota and mazda are very keen on this new revolutionary plasmoid thunderstrom generato technology invented by Malcom bendall a game changer…. Think what catalyst converters do to minimise CO2 put on a whole different Star Wars level to reduce it to 0 and oxygen so pure is like the Swiss Alps..
Also AFC are doing Dakar rally (which prince William attended and drove a car to test the hydrogen powered vehicle). It doesn't take a rocket scientist to figure ( if all goes well, and the tech doesn't get suppressed and shelved by the powers that be) where this is all heading…
Dazzle