Member Info for stuGGTTH

The Tender Offer is actually a clever move from DEC, they were set to return 'approximately US$42m' in dividend payments, but now that figure is split between dividend and Tender payments - the company returns the same amount it would have done, but now is set to buy back shares at the same time at no extra expense - it will suit some shareholders to take part in the Tender and the remaining shareholders may feel the benefit of fewer shares in circulation, as the share price, in theory, should rise.

If the outcome is seen as a success by DEC, why would they not conduct a Tender more frequently - they would be buying back shares at no extra cost at all?

Stu

Reading with interest people's thoughts that buy backs have had no effect on share price - we can't know this for certain because we don't know what the share price would have been without DEC conducting buy backs...

The share price has taken a hit due to many factors -

NYSE listing requires a minimum $1 share price, so before listing there, a 1 for 20 consolidation took place to ensure DEC will never be in danger of breaching that minimum - almost always after a consolidation share prices fall in real terms, this was the case with DEC.

The falling Natural Gas spot price has undoubtedly contributed too, despite DECs hedging policy prospective investors take things at face value and may be avoiding DEC for now.

Congressional 'meddling' doubting DECs ESG credentials, with little or no evidence to back claims made.

Snowflake shorting activities and questionable claims.

Even long term holders are posting here that the dividend will be cut from the current 87.5c demonstrates uncertainty, the market doesn't like uncertainty.

The Tender Offer is unclear to some as a concrete figure has not yet been provided.

Personally I think that the picture will become much clearer after the FY2023 results on March 19th and then we may have a more realistic share price thereafter. In conclusion, have buy backs been beneficial to the share price... maybe not yet, but they will be.

Stu

I found this article very interesting, hopefully DEC are proven ESG competent...

This might lead to business for Next LVL Energy?

https://www.businessinsider.com/google-map-methane-leaks-world-can-see-2024-2?_gl=1*16ghy18*_ga*MjAwNDUxNTY2NS4xNzA4NDczNTI5*_ga_E21CV80ZCZ*MTcwODQ5NzEyMy4yLjEuMTcwODQ5NzE3OS40LjAuMA..&r=US&IR=T

Stu

Hi LOTM-13

Just to clarify, I am not dismissing the Tender Offer completely - just saying its not for me, most of my holding is in a SIPP, so ignoring the Withholding Tax at the current level of dividend returns I am set to receive 27.6% annually, why would I muck about with that?

However, a quick glance at DECs 5 year share price chart points to the fact that for the majority of time it has been between 2000p and 2500p, so an average of 2250p would yield 12% annually or 3% quarterly, making the Tender something to think about, since it promises a 5% premium instead

Hi LOTM-13

As a generalisation when a company conducts transactions in its own shares, with the intention of cancelling those shares, it is viewed as similar to receiving a dividend to the shareholders - the diminishing number of shares in circulation should push the share price higher....whether through a Tender Offer or a Buy Back programme, the effect is surely much the same? Therefore, I think that my holding should increase in value.

To my knowledge, DEC have never intimated that the current dividend level will be cut, so why do you think that will be the case if holders do not participate in the Tender Offer? DEC must have a cash figure in mind to use for the Tender Offer, surely if less partake than they would hope, the remainder of that amount could be used for Buy Backs and the effect would be much the same.

Again, my plan is to hold DEC and compound my holding, using dividends to buy more.

Looking forward to the FY results

Does LOTM mean Lord Of The Manor, just curious?

Stu

I just plan to hold - if the Tender Offer is intended to raise the Share Price by reducing the number of shares available, then my holding will increase in value surely?

Mucking about hoping the SP, in the short term, hits an agreeable number to partake in the tender isn't for me - I feel DEC are a winner medium/long term anyway

Having recently proudly listed on NYSE and hoping for American institutional shareholder involvement, I highly doubt DEC will cut the dividend - in general, to counteract the shorters DEC is giving an impression of strength, a dividend cut would be regarded as a sign of weakness. Just imho.

I don't think many are checking in here Gordon, most have probably mentally written off their money.

I too was hoping a fellow HL investor would confirm they had also received the Safestyle message and give a rough idea as to any distribution - possibly we will know where we stand by the end of the month?

The message was from HL (Hargreaves Lansdowne) and not Safestyle Gordon, so you may not receive anything through Halifax...I have copied and pasted the message, as providing a link may compromise my account - I can assure you that what I post below is a genuine HL message received this morning -

Safestyle UK plc - Voluntary Liquidation

Reference: ********

Dear Mr ******

Safestyle UK plc – Voluntary Liquidation

Your holding of ****** shares within your Stocks & Shares ISA

What is happening?

The board of Safestyle UK plc has announced details of a proposal to liquidate the company and return cash to shareholders. The company will appoint a liquidator subject to shareholder approval at an extraordinary general meeting (EGM) to be held on 10 January 2024.

How to find out more and vote

You can vote on whether the liquidation goes ahead online. If you’re already logged in to your account simply click here and select the ‘give instruction’ link next to the relevant shareholder meeting.

If you’re not currently logged in, you’ll need to follow the steps below first:

Log in online at hl.co.uk

Select ‘view shareholder meetings’ which you’ll find under the link to your secure messages

Click the ‘give instruction’ link next to the relevant shareholder meeting(s) and follow the instructions.

You’ll need to do this before 7pm on Thursday 4 January 2024 so your vote can be passed onto the company before the shareholder meetings. If you’ve recently bought shares, it will take 2-3 days for you to be able to vote on these.

We’re not able to accept instructions through the HL app.

How much will I receive from the liquidation and when will this be paid?

The company is expected to have sufficient cash resources to make distributions. The date for these has not yet been announced. We will contact you again once we have received confirmation.

Other information and warnings

Should you have any queries relating to the liquidation please contact us. Please note, we can provide factual assistance but cannot provide advice about which option you should choose.

Yours sincerely

Mya-Leigh Sim-Jones

Corporate Actions

So still many unknowns, but I doubt they would have sent the message without a degree of certainty in what they were communicating...

Hope this has been helpful

Stu

Yes, it would be guesswork (certainly on my part) to suggest a figure to be returned....if they were to return say £1m divided by 138.87m shares, that would come to 0.72p per share.

To be honest I did not invest hugely and had pretty much written this off completely, so anything would be a pleasant surprise

Stu

I have just received a message regarding the liquidation of Safestyle, I recommend you check your inbox...

I found this paragraph most interesting, HL wrote -

How much will I receive from the liquidation and when will this be paid?

The company is expected to have sufficient cash resources to make distributions. The date for these has not yet been announced. We will contact you again once we have received confirmation.

So shareholders are set to receive a 'distribution', does anyone have any educated guess as to the amount?

Stu

Yes, with my limited knowledge of UFO it seems that Hanc0ck will fund the development of other projects

Possibly the valuation mentioned today at 2.3p, compared to 2.7p previously is due to the fluctuating commodity prices?

https://www.dailymetalprice.com/metalpricecharts.php?c=fe&u=mt&d=240

Also would I be correct in saying there are more shares in existence now, which would effect things?

Stu

Found this Reuters article interesting

https://www.msn.com/en-gb/money/other/aggrieved-russian-retail-investors-demand-spb-exchange-recover-their-assets/ar-AA1ldDzC?ocid=ansmsnmoney11&cvid=65b0f890463845f9b9ec861a3178ac63&ei=35

Reminder to self, stay off the hard stuff before posting here

Might post all sorts of horlicks like old car analogies

Plenty to post that makes actual sense and actually much to hope for on the upside Ra11adw2

Stu

Webfox, it's the £500m support being handed out to TATA that infuriates me, they are a highly capitalised multi national in any case, what chance the likes of AMTE if they're competing with that? AMTE would only need a small fraction of that £1/2 billion to succeed

Black stout, I almost fell off my chair

Yes Gordon, if Michelin could distribute their tyres from the site for decades, then AMTE should have no problems with distribution either

PRK1, it is my understanding of the proposed Dundee megafactory that it is to be located on the site of a former Michelin tyre factory.

I live relatively locally and was informed that the site is being split up to accommodate a number of businesses - to be honest I don't have absolute 100% knowledge, but I doubt aspects such as power supply will prove prohibitive to AMTEs plans and things hopefully will progress as planned since the infrastructure you mentioned already exists.

Dundee is viewed as a relatively 'deprived' city and I would have thought that the Scot Govt would be more than happy to provide support as the Highland and Islands Enterprise did for Thurso...

Things are however 'fluid' currently and the new guys may well have their own plans, time will tell

Stu

Erebus55, I have seen similar small buys in other shares - I think it could be an Investment Trust taking up a position...the Trust manager sells another share on behalf of their customers and buys AMTE, the small numbers of shares purchased representing each customers number of shares in the Trust (the Trust being made up of a number of holdings)

That's my theory anyway, happy to be corrected

Stu