Member Info for Nthoftheriver

Tomorrow morning it is then

Only hold 20K shares in my SIPP, but good to they’ve gone blue.

Now hoping for my ISA (100K) to follow suit. But 103p might be a little while yet. Still feels good to see the steady rise than all the falls of the past few months

Nice to see the tick up in SP.

Someone just 50K bought for 9p.

Hopefully good prelude to the Rick Rule Symposium next week. GMET in attendance.

Jim800, did meant previously that we had a down dip when the £/USD was stronger, just assuming the uptick this morning was the reverse based on UK CPI figures causing a drop in the Pound.

Still pleased to see a move back into the 90s.

Good luck all holders

Nice disposal.

Wrong board. Sorry.

Diversified Energy - Strategic Monetization of Assets #DEC @DGO_AIM https://www.voxmarkets.co.uk/rns/announcement/dfa66729-8612-4005-bb6a-ed896ac64776 #voxmarkets undefined

Upside Food twitter link

https://twitter.com/richardbranson/status/1678874708408692737?s=61&t=WuiMWVbilIu6rXpF1F9vrA

https://twitter.com/upsidefoods/status/1679253309637672960?s=61&t=WuiMWVbilIu6rXpF1F9vrA

Agree Gloucester10,

Lots of potential game changers in the top 10. With lots of interlinking amongst the SMT portfolio

Noticed that Recursion Therapeutics jumped over 70% on news of NVIDIA taking a stake. AI is much more than the Mega Caps and SMT seem to be in real world applications aswell as the chips side.

On a smaller note saw Upside Foods got approval for its Lab Grown Meat to be sold in the US. Richard Branson seen sampling the Chicken in a restaurant - Obviously a PR move, but amazing potential for the product.

I’m looking to steadily add as funds come free and rebuild back a larger holding in relation to my overall portfolio.

Good luck all holders

Well for me it’s definitely part of my income portfolio (very large part at the moment), so not really looking to trade it. My average is just over 103p and if we saw a good turn around in the SP towards previous area of say 145/150p it wold, for me trigger a review of my level of exposure. That’s say 4 years worth of dividends gain (assuming no increase in the time the sp rises), so it would feel right, for me, to redistribute some of that gain elsewhere as the yield would perhaps be achievable on other options.

Bit academic at the moment, but it’s where my thinking is if the rise in the SP say happens within say a year.

Anyways, good luck all holders.

Thanks Andii,

Indirectly know Trek from LSE BB on DEC (Diversified Energy). Been very helpful / informative on that share for me personally. (End of the day it’s upto me to take on board info provided or not).

Good luck all holders.

Thanks for posting that Andy144.

Thought 140p target would be amazing, but 180p now that would be pretty awesome to say the least. (Mind you might have to consider trimming down my holding a fair bit from the 140p zone onwards - still a nice problem to have though, lol)

Good luck all holders

Decided to shift some more funds into here on the drop down. Now hold 100K Shares in my ISA, smidge over 103p average.

Not sure when they will do any buy backs, but at some point this will be over £1 on returning positive sentiment.

No idea why it’s dropped back unless the stronger pound is being taken into account.

Anyways, good luck all holders.

Nice RNS

Area staked near major operator and not too far to Tesla Giga factory. Way too early on reality but great location

Link to Article

https://citywire.com/investment-trust-insider/news/james-carthew-seven-bargain-yield-plays-left-high-and-dry-in-rates-rout/a2420229

Regional looks oversold

Right at the top of the yield pile of UK-focused funds is Regional Reit (RGL), which offers investors a 14% yield – based on its 6.6p dividend for the 2022 financial year (which was fully covered by its earnings) and a share price of 47.1p.

Regional’s first-quarter update in May highlighted that its tenants were paying the rent (96.3% of rents collected on time), its properties were mostly occupied (occupancy was 83.4% as of 31 March), and its cost of debt is fixed at 3.5%.

Most encouragingly, where it has been re-letting property, it is securing decent rental uplifts over the end of December’s estimated rental values for properties.

So far, so good, but with the shares trading on a 38% discount to the 31 March net asset value (NAV), investors are clearly pricing in a disaster.

Investors are wary of offices because of the shift to home working and regional offices in particular. However, earlier this month Regional fund manager Stephen Inglis revealed that a survey of its tenants showed that 93% of employees had returned to the office when compared with pre-pandemic times, and on average were working there 4.2 days per week.

Regional’s borrowing is high, with a loan-to-value ratio of 50.5% at the end of March. It has since sold a building for £8.6m, which will help bring that down a little. The message was of ample headroom on all of its loan covenants and the plan was to bring down the ratio to about 40% over time. Nevertheless, further falls in property values will have an impact on this.

At the end of December, the equivalent yield from rental income on RGL’s office portfolio was 9% and the reversionary yield (based on what the properties are expected to be re-let for) was 10.3%. Regional was launched in 2015, so has no track record of operating in a higher interest rate environment. However, its prospectus did have a chart of regional property yields going back to the beginning of 2001.

This showed UK base rate last stood at 5% in 2008 before the financial crisis struck, when property yields were lower than their long-term averages at below 6% for prime regional property and around 8% for secondary regional property. If we go back to 2004, those figures were about 7% and just over 10%.

Paid into my ISA about 9am this morning. With Charles Stanley Direct.

Well had some other dividends come in so decided to add a few more here.

(Even if I assume 5p dividend over the year. That’s 10.7% yield in my ISA after costs).

Not really good at screen watching for best price (L2 stuff) but steadily brining my average cost per share down.

Good luck all holders.

diversified energy company (lon:dec) is the topic of conversation after matthew cooper, research analyst oil & gas at peel hunt, completed a recent site visit to diversified’s us operations and headquarters. ************* asked matt for his high-level impressions on the business, and views on the recent share buyback and us$40m non-core asset sale.

what impressed you the most during the site visit?

we were highly impressed with the competence and enthusiasm of all the diversified employees we met. from c-suite to well operator, all were extremely motivated to maximise value for the company and its shareholders (which many employees are).

how does diversified’s smarter asset management (sam) program maximise value from its asset base?

sam comprises low cost and quick return projects. projects we saw included digitalisation (allows wells to be adjusted/monitored remotely) and workovers to optimise production (c.340 conducted in central region in 2022 with average payback of two months).

is diversified on track to meet greenhouse gas (ghg) emission targets?

diversified appears well on track to meet its ghg reduction targets as at 2022 results the company announced that group methane emissions intensity has already been reduced 25% since 2020 (the target is a 50% reduction by 2030). in the field we witnessed first-hand a number of key projects that have helped achieve this, including handheld device well monitoring and the conversion of pneumatic valves from natural gas to compressed air.

in what way do undeveloped locations, act as material catalysts for the business?

they are organic catalysts which can add material value to the business and may be monetised via sales or third-party drilling.

with that in mind, what’s your view on the us$40m non-core asset sale?

the us$40m sale looks like a shrewd piece of business, disposing of higher cost and non-operated wells, and achieved a c.4.0x ntm cashflow price multiple vs the 1.4-3.5x multiples diversified paid for its oklahoma and texas acquisitions.

finally, what’s your view on diversified’s recent share buyback?

given the current disconnect between the share price and the intrinsic value of the company, in our view the share buyback programme is a very sensible use of capital which will be highly value accretive to shareholders.

you might also enjoy reading diversified energy company q4 2022 dividend

diversified energy company plc (lon:dec) stands as a pioneer in the realm of independent energy companies. with our unwavering commitment to producing, marketing, and transporting natural gas and associated liquids, we have cemented our position as a leader in the industry. our strategically located onshore upstream and midstream assets, predominantly situated within the appalachian and central regions of the united states, serve as the backbone of our operations.

https://*************************/status/1674666935550902273?s=46&t=rir1tiedsimhgxvbjthtow