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Andy, you’re correct about the downward spiral in SP but what to do?
I’d suggest cutting dividend to pay down debt would have a negative impact on SP (most are here for divi and would be relatively content with a stable SP).
Think DEC are trying to inspire confidence with ramped up investor days, BoD share purchases and reluctant use of buy backs.
Guess only years of stable dividends and declining debt will prove the model (delayed or confused by further acquisitions until their accretive value is proven) so there’s going to be some hold on or sell out decisions to be made, which might again hurt SP.
Patience, top up or jump out seem to be the options - good luck all with your choices.
Confusing RNS!
Mr Williams resigns with immediate effect but continues to work til end of Sep!
Mr Gray goes from COO to CFO but is no longer on the BoD!
No wonder the market doesn’t like the news (or perhaps can’t work out what’s going on).
Surely the funds doing “the same job” have the same shares but charge you more?
Other than spreading your risk and increasing diversity across a fund, I doubt returns after charges will be as good.
I have a few funds and accept the lower returns due to charges to increase my diversity. The income shares return more in divs and capital growth (or not) is similar.
Mmm - not sure the required skill sets for CFO and COO are the same! One does numbers and spreadsheets and one does what are we going to do and how should we do it?
Replacing CFO with COO looks more like a personality thing than a better functioning board. Hopefully only temporary.
Just getting matched finding would be a nice start.
Why Ireland?
Well given likely markets now and in the near future being registered in EU not UK makes perfect sense. And of EU countries, think Ireland is most helpful with Corporation Tax etc (for when we make a profit).
Makes sense to me
Why should “they” support the share price? The BBS remove a load of shares and mean there’s less to pay dividends on. Think the jury is out on whether BB have any real impact on share price.
BoDs main job should be explaining to investors why their business model works and provides a sustainable dividend - if the market can’t see that they need to explain more (hence the investor RNSs).
Real buyers and sellers set the SP, not the BoD.
Oops apologies. The article reads as though Altato and Bayou are new plants - obviously they’re not!
Press on with the biggies who might produce in 2028 if things go well and they can be funded!
A long time with little or no income.
Well that’s a positive article (but guess a waste magazine promoting waste to SAF would be).
They claim VLS have the £27million grant!
Rather than jumping in with big facilities surely building a small scale demonstrator to show to potential investors is a better way forward.
Looks like VLS are finding and building more plants - not their forte and a massive drain on cashflow. Looks like a risky choice but perhaps they didn’t have one.
I’m sure GG knows far more about finance than either the banks who recently set up the credit facility and Rusty and the BoD (who have significant personal holdings) so we should be grateful he’s taken time out from running major financial institutions to share his Chap 11 thoughts.
Or perhaps he was just bored sitting in his bedroom at his mum’s waiting for his PlayStation to boot up.
DYOR but I’d take his with a large pinch of salt.
He’s out (if he was in) so hopefully he’s got better things to do now.
What did village idiots do before internet trolling?
Lots of weasly words about on this.
Refinance in this case = loan.
Performance numbers seem to alternate between plant uptime and output, agree they are linked but probably not linearly.
Think if I was a potential investor / providing a loan I’d be focussed just on output metrics. How much power / heat is being sold out the front door. If there’s a bit of start / stop, tweaking controls for different feedstocks etc, who cares if planned outputs are met? However, if we’re only producing 80% of planned output that’s a problem. Any forecast output should be 100% achievable to encourage investors.
Notrex, the mooted BB was coincidental with a stop to the slide in SP and a move back from mid 80s to low 90s - whether the 2 events are linked we’ll never know.
Although you’re correct that BBs now would save 15% ish over 12 months, a company that just buys its own shares to reduce dividend payments ain’t going to increase profits.
DEC need to keep adding producing assets to at least cover the output declines in current wells else profits (and hence dividends (and hence SP)) will all fall.
Personally I think their advertised quest for producing assets at the right price is the way to spend the money they have seemingly put up one side.