Member Info for dazzle1000

Lutherl33 @13:40

Got a few more but they are in funds or over sea in USA so have a small fee/taxes etc. but if i can say from recent experience it is better to have a consistent dividend yield with good fundamentals and good knowledge of the market it is in, than to spread yourself to thin where you have to make calibrations lol

Dazzle

Lutherl33@10:12am

No probs more than what most would share apart from their whinings.. best of luck

Phnx 10.24% yield

Reci 9.88% yield

I think they are uk based so shouldnt be affected by W.H.T like DEC if kept in sipp or stock isa , prices As at time of typing,

no advice intended and do your DD.

Trek you seem consistent in your trading /investment strategy of not getting too burned at the stake, could you share to the rest of us mere mortals some tips so that they don’t over cook their stake next time..and reduce losses. I have avg down to 52p old money. But to be honest now at around £9.11 the divvy recalibration seems pittance compared to what it was.. there is a another company around £1.18 with a 9.98% yield (at time of writting) with no wht or £-$ ex, in the uk with a consistent quarterly divvy of 3p hasn’t changed since 2017 or (recalibrated) either lol…

Lets keep this BB civil from personal swipes and EGO. Headless chicken syndrome only helps the market too lose your money quicker. So put all personal inner hulk anger aside for the time being and put yah Sherlock and Einstein caps on..we are all in the same boat in this BB and oher chat forums so lets help each other to beat the system and reduce losses…

Dazzle

i dont know i think something is off about the way rusty and co have gone about this. i could be wrong but if the sp climbs back up to £1 old money and dec have been re rated to do so and more, doesn’t that affect the % of the divvy yield.. ie before the rusty recalibration (divvy cut) the divvy was at 87.5c p/q or $3.50 p/a roughly $41mil p/q at 30% divvy this would be reduced to roughly around 10% if the sp went back above £1old money ( £20 from 20-1 split in new money)? so this new divvy cut/recalibration what will the yield be if or when the sp climbs higher?….

also, this hedging is meant to pay for the divvy with in each quarter at least 40% of fcf.. of course rusty’s new plan to buy buy buy new assets with i presume most of the fcf and maybe helped with a new finance facility restructuring…although i may be confused with the numbers and accounting side. in principle and i agree with notrex with the banks ok’ing rusty finance facilities in 2022 - 2023, seems dec have gone on a spender ****** with new opportunity knocking on there door ( how many more times will they do this? at expense of lth investors now being reduced out by bigger ii, who may dictate or have opinions in which direction dec should be going.. think of blackrock?) i’m just saying thats all.

i agree everything else seems rosey for now? apart from the divvy debacle which seems to be going up and down left and right in a quantum realm of its own to suit rusty’s recalibration theories which seem to change every other year..

ps: not long ago dec put out an rns saying we don't know any cause why the sp is so low as it hasn't effected the fundamental running of the company ( unless those of you are hiding under a rock or have short term memories) keeping ahead with all these different changes is getting dizzy, i think rusty should keep things simple to his original mantra..

but saying that kudos to him for being somewhat transparent the other day in the web interview with directors talking..

just my rambling of imho for the day, no need to post more to clog up the bb, yeaterday started off ok with objective posts then gg got a few hooked (again)..

dazzle

Was watching the interview on directors talking..guess lse censored the post. Sorry

Dazzle

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