Member Info for JDCBC

I give up, you just don't understand how it works mate

Your are waiving your Entitlement to your dividend to then have that Entitlement used to purchase a certain number of shares based on market price plus 5% through a tender offer. If all shareholders waive their entitlement to the divi of 42m then $42m of shares will be bought through the tender and there will be no dividend to pay becuase everyone has waived their entitlement!!! Blimey guys.....

If all of the $42m is spent on buying shares that means all shareholders chose the tender offer instead of receiving the dividend so there is no dividend to pay.

Sorry Andy but I don't think that is right, otherwise they have just said you can either have your divi as usual or we will buy some shares off you with it, so you di t get it. That just doesn't make sense

But then you have less shares and essentially haven't had your divi?!

Aren't they saying we can either pay you the divi or we can use your divi money to buy back shares through a tender offer and give you the cash from that, so you would still get the same amount of money by end of march but you have helped the company buy back some shares to be cancelled? The definition of Shares in the RNS is actually the dividend payment, so you aren't selling any of your existing shares??

Next week is just a trading update, they don't normally announce the final Q4 dividend until the full results announced in March. Assume the price will drop 15% next week when a few PIs are up in arms becuase the trading update doesn't contain a dividend announcement, and so maybe they think company has stopped paying dividends.......

Indeed, Merry Christmas to all that celebrate it. Been a horrific year for DEC for all sorts of reasons, many of which seem understandable with a bit of hindsight, e.g. the rapid increase in interest rates. Kicking my self for deciding 2023 was the year I wasn't going to stress myself out with trading this one, particularly around exdiv dates, and just sitting and holding to take the divis, what a mistake that was.... hoping it comes good next year and at least with reinvesting the dividends don't need to get anywhere near the 1.32 I nearly sold for last November. Hope all have a great break and here's hoping 2024 sees DEC listed as a top riser in FTSE 250 rather than one of the top fallers as listed today on ii news......

Remember the bloke who thought they physically went out and bought gas at spot to close off their financial hedges?! What was his name, greygilbert or something??

Rusty must be thinking he can do absolutely nothing right. Share price heading to 60p in Old money which means that a lovely pop in price when trading in USA may take it back up to 70p.......

Will probably head to 63p given how it reacts these days, should have got out of some at 75p last week....

Never seen it do this pre ex div, market clearly thinks that these days it drops so much more than the divi amount that better to get out and come back in 6p cheaper when ex div. Thoroughly depressing

They probably brought a number of institutions "inside" when discussing the possible US listing approach and felt this was material enough to halt BBs whilst this was going on. Now that and the quarterly results been announced free to start BBs again??

Well one thing is for sure, having got through all the FUD generated around trading and debt over the last few months, we now have the FUD mongers back with a new line of FUDing re DIs in the USA......what a shame

Sounds a bit inconsequential, but I am pleased to see the word "pleased" in their RNS. I dont think they would use that language if any shocking news to be announced in their update. DYOR

On the last earnings call Rusty also mentioned they could buu out the 48% interest that Oaktree Capial has in a few of the acquisitions as they don't want to invest any more. Could be an easy win and debt backed I assume, and maybe at a bit of a discount if Oaktree want out, cannot be too many acquirers of 48% interest in old wells that DEC manage

Certainly feels like the selling pressure has run out of steam given the low trading volume and lack of algo trades going through

I think GG makes a good point. I didn't realise DEC had to actually physically deliver the gas to the institutions they have taken the hedge forward sale contracts with, until he pointed it out. I assume now there is a massive pipe that runs into their office basement and all the gas goes in there. Question is what do they do with it all? Maybe they put it into party balloons and let their employees take the ballons home with them so they can empty it into their gas boilers and get heating from it? But flummoxed

Which iis are walking away??

Feels like peak fear on here.

Welcome back gg!

Do they close their forward sell contracts by physically delivering the gas to the financial institution that sold them the forward sell contracts?! I didn't realise that!!!!!