Member Info for DividendNomad

And it didn't move the share price one iota

@TerryM1... Yes the Gaza issue is my only concern with ENOG, however I think it's kind of a stalemate situation whereas if their gas supply infrastucture was targetted then Israel would respond and destroy the agressors energy infrastructure, so basically lose lose for all.

As for your comment regarding depleting assets this is not really the case , they have rationalised by selling their Egypt, Italy and Croatia portolios but they are investing in and bringing online new assets such as the farm-in of the Chariot Field in Morrocco, Karish North start-up, Cassiopea start-up and the FID for Katlan Field Development.

I see a well run company that is developing its business in a way that monitises its assets for shareholder returns (the only negative being the Gaza issue), I cannot say the same about DEC its assets are depleting from day one and same as you I invested for the excellent yield and expected investment recoup after 5 - 7 years. The last 12 months have basically put an end to those expectations and I don't see anything on the horizon that's positive.

You have £20,000 to invest and the choice is between DEC or ENOG (Energean), which do you buy?

Both share prices have roughly the same gross annual dividend; $1.16 per share for DEC and $1.20 per share for ENOG, however the DEC dividend is subject to a minimum of 15% WHT which means a net dividend of $0.986. So in reality DEC is 18% less dividend per year.

DEC share price has depleted by more than 50% in the last year and 66% from its ATH in April 2022 the reasons for we are all aware of. Enog share price has depleted by 21% in the last year and 31% since its ATH in Aug 2022 the main reason being the current unrest in the Middle East.

DEC Mcap is £463m with a P/E of 0.78

ENOG Mcap is £1.76bn with a P/E of 11.85

Which would you buy?

Anybody know how to notify Evraz of a change of address. Looked at the Investor section of their website but no info there. Also sent an email but no response in 10 days.

It's pointless posting links that only give access to subscribers, why not just copy the relevant points and paste in your post.

Since when have any investment analysts been experts in asset valuation? Would you ask them to value your house? I'm sure Energean did their due diligence to determine an accurate valuation.

Dead Duck

If you have to wonder what they think of their shareholders then you obviously haven't done your homework, their only thoughts regarding shareholders is to how much of the shareholders money the BODs can they move in to their pockets. The competency of the BoDs running this company has been clear since the complete mess they made of the original DISH concept.

Of what exactly????

Yeah, and also much lower. If it does actual trade again.

Seems to me you are the one who's not too bright and doesn't know how the market works. If there's a buy/sell order for 106 shares then when that order is completed it is shown as a trade of 106 shares.

Total equity = 856,208 of debt and no assets!!

Because they would lose!

Currently just a cash shell (with relatively very little cash) with a BoD whose reputation over the last 3 years doesn't exactly portray them as savvy business people. If they had stuck with the DISH concept and modified it to market needs the SP would probably be in the 10p range by now.

As for the proposed RTO what credible company will they be able to take over with around £300K and what will be the value to share holders? And what credible company would want this BoD as partners

But maybe the main point of concern is if the BoD are so confident of their strategy why are they not investing in and supporting their own company based on the current SP of £0.0013?

Just curious that if you have done the paperwork for reducing dividend withholding tax to 15% is there any benefit to hold DEC in an ISA rather than trading account?

IMO broker consensus are are to be taken with a pinch of salt. They will say what they need to try and sway the market to their favour.

So my holding is with Interactive Investor how do I get my divi paid in GBP?

Thanks Hukster

Have been thinking about investing in DEC but have concerns regarding the 30% WHT on dividends (yes I know even after 30% WHT the divi is still very good). Can anyone advise if their is a way to get round this WHT or even reduce the %?

Friday morning buy price quoted at 1.79p on II, put in a 24 hr limit order at 1.8p for 250k, checked this morning and order unsuccessful. Looks like S/H are being optimistic and holding.