Member Info for Jim800

Two people agreeing on an LSE forum? That'll never catch on :-)
Good Luck with holding - my fingers have been crossed since about 2017.

Damo,
To be fair I think in the midst of taking your single customer (who has just unilaterally changed payment arrangements) to arbitration and considering acquisitions there's not much they can say.
They can't publicly call the KRG a bunch of thieving crooks - as I bet they'd love to!
They can't be too overt in saying they are reducing Capex in the region and looking elsewhere.
They don't want to tout acquisition targets as the price will go up.
I think keeping quiet and just quoting the numbers is about all they can do at present til we can get out of KRG and diversify.
THey don't want to hype Somalialnd as they have messes that up with BB and the gas in the past.

Likely rise in interest rates later today and increase in inflation (plus never ending cladding debate) have led to to sell my BDEV shares and top up here again @ 0.95.
Missed the sub 90p low but did get the extra confidence from presentation, a better look at Annual Report and BoD buys. Average down to under 110 now so happy to hold at that.

Simms,
Think most agree there is no further access to the remainder of the £10M loan. Assets don’t help us with cashflow so we actually have about 3.5m to run whichever projects are being progressed and mothball the others.
Definitely not 9 months unless something gets sold or some invoices get paid.
Having seen share price collapse after last loan doubt any institutions are going to repeat that exercise.
Last chance saloon here without decent external investment.

AoC,
The amount on page 131 of Annual Report is indeed 143,455 but at the top it clearly states that the amounts are in 1000s.
So total dividend paid is $143,455, 000 - a thousand times more than you quote! My figure based on 3.75c (not 2022's 3.5 cents per quarter) so a little higher than that reported.

Of course market cap varies as the share price does but with 740 million shares in issue the SP would need to be about 1.4 cents to get your value..

Simms45,
What is your statement " Eqtec are very comfortably funded for the next 9 months" based on?
Just your interpretation of loan and raise RNSs and Aandi's estimates of development and operating costs for ongoing projects?
I very much hope you're correct but don't think the evidence is there to back up your statement. I don't even think Eqtec know their cashflow for the next 9 months - they certainly haven't known it for the last 12 months.

AoC, you make this point repeatedly. Think we all agree that there is an opportunity cost to hedging and is this particular year it is a large amount. However, CEO and most of us PIs are happy to trade huge profits one year followed by smaller profits (or even losses) in other years for a smooth cash flow that allows low cost debt and generous dividends.
Don't think your 2022 dividends number is correct (I reckon with about 740 million shares, paying 17c per annum it is more like 1.7M dollars).
Given the losses / profits are confused by lost opportunity costs I'm not sure that's where we should focus (unless your point is that DEC has got a bit worse at hedging - I'd agree but that is also blurred by differing volumes).
Financial Instruments:
DEC might be losing money here - I'd need to do a bit more work to determine but your Market cap of 1,100,000 dollars is miles out - it's 1,147 Million dollars at a share price of 98p.
So, I accept it could have been more profitable last year with direct sales at a higher price but your comparisons against dividends and market cap are both erroneous.
I'm still happy with smooth cashflows, slow rate of growth and steady well covered dividend. What I'm less convinced of is cash raises via dilution and trust in the BoD to act in PIs' best interests.

It’s just full year results. Words out this morning.

Hope you're correct re counting machines but it doesn't appear to be the case.
I still think ESG policies rule out most funds / pensions and IIs are spooked by WHT and hedging accounting (neither of which most of them understand).
I also have a few quid in an Abrdn Income fund which is still holds 4.33% of the portfolio in DEC - they were happy to buy at 120 ish for a lower dividend but are still not topping up - where's the logic there?
Still tempted to buy more but reluctant to screw my portfolio balance too far.

Don't think anyone is disappointed by a fund raise - as you say, that's why it's an AIM share.
What is disappointing is the repeated nature of them which smacks of little or no ability to forecast cashflows. Set up a £10M loan arrangement (which was always a CLN deal) but then need to do a further 2 raises within the next 12 months. Work out how much you actually need, clearly articulate the amount and rationale in the documentation and everyone will be able to decide whether to invest or not - this is just repeated financial / project management incompetence.

If they thought good news was somewhere in the short term future then surely making that public and allowing share price to drift up further in advance of any raise would have been the plan. The fact they need a 20% discount means they know it isn't very attractive at present.
Think this shows lack of any imminent good news, BoD lack of interest in private investors and reaffirms the crap project and cashflow management some of us have been commenting on over last few years. Think all of the above make EQT just about uninvest able for anyone who has been following this share over last few years.
No topping up here - will just park my holding and hope it has recovered for grandkids.

Have EQT ceased doing Investor Relations on their website, now relying on linked in instead?
Happy if that is the case but they should let us know on the website - which is where investors tend to look for info.

I'm not sure the market always knows something. I think it is mostly driven by fear and greed. Recent drops have been an over reaction to a few banking woes (fear) following a period when the market was probably a little too high for comfort (greed).
It's mostly just a mechanism for transferring money from private investors with little knowledge or patience to bigger institutions as are currency dealing, day trading and taking short or long positions on the various indexes.

SP holding up well given the carnage all around us over last few days.
To hold post RNS gains in these circumstances shows a certain level of investor confidence.
If markets had been rising imaging where we might be.
Hanging around .3 till the wider macro picture improves will do me for now.

There's certainly a sea of red downward lines out there.
Timing the sells as difficult as timing the buys.

At 91p ish I reckon the share price has legs back up to 120 or so as wider market recovers and recent acquisition comes onto the bottom line. So I reckon a fairly easy 30% ish rise over next 3 or 4 months. I'll discount recent 140 ish highs until we get a gas price surge again.
I am in the position to sell some other shares currently nursing a 15% or so loss (BDEV and DS Smith) and top up here but this would really skew my portfolio towards US gas with DEC then being about 50% of total SIPP and ISA holdings.
How brave / foolhardy should I be?????? Think today is decision day.

https://ir.div.energy/
Rather than listening to random strangers - suggest you go to the horse's mouth.

Just to be picky! The project has the potential to be profitable. Of course it isn’t actually profitable until all Capex, operating and labour costs have been duly repaid.
So should be eventually but isn’t yet.

Someone’s selling 5,000,000 shares every half hour!

No dividend always a negative for share price. Even a tiny 1 or 2% dividend will show they are thinking of investors.