Member Info for DrPatience

Agree Louis, whatever Delt said would definitely have been agreed with Shell. Shell always very tight lipped!

No doubt Delt would like to communicate more and more often...but this how it is when you work with Shell.

Delt has been around for too long for it to be some sort of fake pump and dump scheme. Also, Shell would never do a deal with Delt without proper due diligence.

Not without risks, but they are different incl viability of fields, political influences etc., but the upside is huge, so currently risk/reward is totally out of balance with the current low price range. It's mainly people losing their nerves and trade volumes are fairly actually light vs market cap. The whole thing is meaningless without real updates on progress.

Richdam, you are right, it's not really ok. Portraying the wrong sentiment and may influence some investors!! (be it up or down)

The reality is that many small investors are in semi panic mode when it comes to Delt!

We need tangible news!

Yes BadA makes you wonder; but as mentioned before it may be a technicality whether recorded as a sell or a buy (actual price vs mid level, I believe). Quite misleading in a sense, but clearly many fellow investors are losing their nerves or just need liquidity elsewhere. I still firmly believe patience and drip adding will pay off!! Not the right time to panic over politicians etc!!

I think Cookoo sold his 1 share - nice!!

Would good if someone not filtered by Cookoo could repeat my previous comments below, as he simply doesn't get that my views are based on MY judgement of value vs risk. That's very different from someone just randomly ramping or deramping with more personal sinister aims. Right or wrong, only time will tell.

"BadA, in reality it may make no difference the current SP; it seems noone is attaching any value to any of the assets and most small investors are full of fear, pretty much, many being of the belief that Shell is pulling out, the politicians will destroy everything by banning drills, big windfall taxes, etc., etc . SP just trading randomly without any aim. You and I know new licences eventually will be valuable, possibly very much in demand actually if Labours gets into government (Starmer has effectively grandfathered any existing licences). The SP is very much depressed even though we have 2 excellent fields with very very good prospects: Selene and Pensacola + more.

We really need tangible monetisation news from DELT and/or Shell re post drill analysis work and next steps. Once that happens and if positive, the SP will of course move up very fast and it will be too late to buy in at these very low levels. I think only then will real value be attached to the new licences also, so scope for an extra boost concurrently."

SE18, good luck, I am drip adding as well! Hardly any volume today, I guess most investors are in a wait and see mode.

Someone bought 4 shares!! What's all that about??

BadA, in reality it may make no difference the current SP; it seems noone is attaching any value to any of the assets and most small investors are full of fear, pretty much, many being of the belief that Shell is pulling out, the politicians will destroy everything by banning drills, big windfall taxes, etc., etc . SP just trading randomly without any aim. You and I know new licences eventually will be valuable, possibly very much in demand actually if Labours gets into government (Starmer has effectively grandfathered any existing licences). The SP is very much depressed even though we have 2 excellent fields with very very good prospects: Selene and Pensacola + more.

We really need tangible monetisation news from DELT and/or Shell re post drill analysis work and next steps. Once that happens and if positive, the SP will of course move up very fast and it will be too late to buy in at these very low levels. I think only then will real value be attached to the new licences also, so scope for an extra boost concurrently.

Ingy, that must have been a shock no doubt, not least the current share price!

However, the more I think about it, the more I think this was for the best. Doing frontline testing requires a huge operation and will end up becoming a high volume, low margin business (perfectly OK but very different high funding reqs.). ImmunoInsights is a much more specialised, unique business with high margins. So hoping for the best. This can become an incredibly profitable business.

I have topped up again to get my average down...

@thereducer, you might be right, but I hope not. The underlying value is immense, so I really hope they can pull their socks up. Although I am in the money already (added a lot during Covid), I really would like to see 240+ before moving on to other adventures.

TheReducer, a detail, but isn't it BCG? (probably even more expensive). You are right that we could probably tell them what to do, but I believe BCG will not only highlight the underlying issues, but also provide concrete change propsals.

For me, the key thing is they need to stop creating financial scandals. Simple.

They should probably also list in US, apart from beefing up payouts to shareholders, which they can afford, rather than the exec and senior staff milking it beyond what is reasonable.

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Barclays selects Boston Consulting Group for strategy refresh

05 June 2023 from Consultancy.uk

"Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays. The mandate will cover all of the bank’s units, helping it to find ways to improve its underperforming share values.

Barclays is a British multinational universal bank, headquartered in London. Following a booming 2022, Barclays is coming off the most profitable two-year stretch in its more-than 400-year history, but its share price is continuing to lag – having failed to recover half of its pre-crash peak in 2007."

Your buys BadA? If so, congrats. It will come good! I am waiting for other dividend money which I will use here, if I can still get more at this very very low level vs the future prospects.

The strategic messaging has lacked clarity and numbers have been fluffy. Share price has tumbled and clearly major investors have stepped in together with the board to force change. I think it is good news, but whether it's totally fair or not is a different discussion. As I have said before, they can do around 35k samples in the German lab, pretty much at no increased cost and with margins 75% plus.

This business has a unique, value adding IP and this is now ONLY about selling, selling and selling, The future is bright and this is a rock bottom valuation. It could go lower, but eventually it will bounce as the sample numbers go up + top line will pretty much go straight to the bottom line. I am just drip adding, with no idea where the bottom is, but I know whatever I do helps getting my average down and will be a good deal in due course.

I agree Rooster, communication really needs to be improved; both in terms of communication of strategic intent, ambition and results. The latter needs to be more frequent and much more crisp.

However, I am also positive. They have very good laboratory capacity in place at almost fixed cost up until something like 35k samples/year each valued at around £800-900 and even better at very high margin 75% plus. This is now ALL about securing more activities from existing and new clients. The bioscience market is a bit soft across the board at the moment, but the biomarker service is very unique and valued...so if we don't see real progress over the next 6 months or so, then sadly the team may need to be shaken up right from sales leadership up to CEO and/or CFO!

It's a technicality of where the actual price landed vs midpoint of bid/ask, I believe.

You still bought and someone sold...but I guess with weakness on the seller's side?

Louis, I agree, but the reality is that Shell doesn't give a toss about small Delt investors. In fairness, why should they soend time on it? They will just do what's right for Shell in the context of the agreements with Delt; hopefully that's to continue with these prospects!

Sadly we will need to wait for major updates; eg when they conclude the Pensacola analysis work or plan the next steps/drills.

Sustain, yes, it makes you wonder how small investors' psychology works!!

Early stage, a company can trade on pretty much any valuation depending on how much you believe the pitch, later on it will eventually have to anchor into facts and comparable players in the market.

We are sort of in between with several factors at play, some keys ones I can think of below (ALL; if I missed something do let me know) :

- current, broad negative sentiments around North Sea drilling and fossil fuels

- Fear of political interference (the Labour threat, windfall taxes, no more licences)

- Waiting for further news on the outcome of the post drill analysis of Pensacola

- Firm timescales for Selene drill

- Some more info supporting Shell intentions

- Waiting for monetisation events to be announced by Deltic

- Update on Capricorn's intentions to pursue, abandon or flip existing agreements

- News on further licences

In my view we need tangible news in one or more if these areas (some of them are clearly very binary ie worth a lot or nothing).

I maintain it is trading semi randomly on small investor sentiments. Only real news will give this some direction. For me it is still an active "add", simply because I believe Shell will continue, that the Labour threat has been clarified (indeed watered down and could make any existing licences more valuable - it's a simple supply/demand issue) and that the need for national energy will carry weight plus the whole heating infrastructure in UK is predominantly dependent on natural gas will little sign of it changing fast.

Capricorn is parked for me; could go either way, but even just the rest is potentially worth a hell of lot more than the current share price even at modest/conservative future gas prices.

It was Freaky Friday; I guess if you had an option to buy half a billion worth of shares at 467 when the share price effectively is around 476, then you would exercise?! The cost of the option would have been less than the gain; probably acquired cheaply when share price was at its last low? So a technical blip outside the normal supply and demand forces, but I guess it also depends on what the buyer is going to do with large chunk of shares??

Happy to be educated by others on this!

Cookoo, such a shame you cannot see this.

What exactly is the link between the share price and the need for funding?

None. No link. You may be right about the share price, you may be wrong. Your prediction is based on nothing, so has no credibility. Why not 5 p or 40 p?

Was probably oversold due to fear of everything (recessions, strong USD)...plus now China trying to stimulate growth, fresh prospects of Glen spinning off a new bigger coal biz (=> if successful, more institutional investors will pile in) ?!

Noel, I am actually still thinking you are taking the mickey! Apologies if you are not.

Replying to your earlier points:

Yes, I am very familiar with the 15 min city concept.

No, I cannot name all the cities in England or Scotland with such schemes. I am, however, intimately familiar with Oxford. Oxford's high street/centre has been one of the most polluted cities in UK for many years. The negative impact on health, especially kids (respiratory etc), is significant. The various schemes including low traffic streets, no car zones, parking outside the city centre, etc, introduced in recent years have been done by elected local politicians, voluntarily elected by the people of Oxford. Of course not everybody is happy. Shops may well have concerns about footfall, these schemes may push traffic to surrounding roads, issues around data collection (invasion of privacy risks). These are valid issues and should be managed. As far as I know, most people living in Oxford are happy with the reduction of noise and pollution, to be able to safely cycle or walk to work, shops, schools. It's mainly people from outside who are unhappy with not being able to drive all the way in to the centre. Even if everybody used no emission cars, the city centre doesn't have the capacity for a lot of traffic, the layout is around 1000 years old!!, so I cannot see any going back on this.

Is it part of a big conspiracy? As much I like to always keep an open mind, very doubtful in my view. The Expose is not serious journalism in my books. I will regardless study your other links, as I take you seriously.

If you are not taking the mickey, then let's just agree to disagree and focus on our baby: DELT!