Member Info for tep1

So buried in the news this morning: "Total dividends in respect of 2023 are expected to be approximately $50 million. In subsequent years revenues and dividends will be partially subject to commodity prices and may be lower than 2023, although the Company would expect to use the full range of its 20-40% Profit After Tax dividend policy."

So approximately 38c to be paid out next year for 2023 dividend. 56c in total for 2023 which is subject to irish with-holding tax leaves your with a rate 0.42 and a yield of 8% at todays share price.

2022 results had an adjusted basic EPS of 34.2p excluding Spirit Energy disposed assets against a backdrop of higher commodity prices. Please explain your point?

I've sold up making over 100% gain in this share since I see better value elsewhere for now. . Its still not a retire-able earning but definitely enough to overcome life's inflationary pressures for the foreseeable future. I'm happy to see the progress DX have made in the recent years a big thanks to the management team and II's for driving the right amount of change here to increase shareholder value. Its a shame all the work is done and Private Equity will now take ownership and possibly return it back to the market for even more in the near future.

Its been a pleasure communicating on this board. Invaluable information learnt even if you dont always agree with it. ATB with your future investment and hope they are as rewarding as this share has been.

Gas prices have been at historic lows since the start of 2023 and during this time Centrica have recorded operating profit at 2B or EPS of 25.8p.

What will drive share price is the dividend policy. I expect it to be raised for final year to a minimum 2.66p. CEO clearly stated a "Progressive dividend policy trending to 2x earnings cover over time" Current dividend cover is approximately 8 times earnings.

The share price should be valued in 2 pound region. Anyone who says otherwise is talking bo**ocks. With 2bn ebitda and a 200p share price, p/e is 5 based on current market float including those shares buy backs held in the treasury still. industry is currently 8 on average. They keep the share price down to ensure optimum buyback of shares imo. But the stock is still in recovery phase and the market will want to see more evidence that CNA is back on its feet.

Interesting. I wonder who they are selling the 8% of floated shares to?

...for now, in case a counter bid comes. It ain't over till the fat lady sings!

@Ports how do those buyers and sellers determine what they are prepared to pay or accept? Asking for friend..

Couldnt agree more contango. Will do the same. Starting to wonder if a buyer is lurking in the wings

Thanks shepdave. I dont recall waiting that long with hl last time but there was a delay from receiving the dividend as per quoted payment date. Was curious since some mentioned they were buying and i presumed they were reinvesting their dividend?

Yet to receive the dividend from HL ! Is that the case for others ?

Holdings in company. See rns. II increasing holdings

Why 66p?

Tr1 just reported

We should probably adhere to murphys law on most matters relating to this company.

I had shares in 2 companies which accepted the takeover terms in the last 4 years. In my experience the time taken from formal offer acceptance to receiving a pay out was around 6-8 weeks depending on whether finance was required. The 48.5p was just an intention to bid and not a foregone conclusion and possibly the reason for the drop in share price. is impatience. Shareholders are required to vote to accept the deal but I foresee the threshold being met if the actual reasonable offer is received. I have my suspicions as to whether 48.5p will be the actual bid, but I believe one will come and we will hear more during October to the nature of the bid. GLA.

Breaking: with share price just under 3 times earnings Liberum indicate a sell rating with poor reasoning or context. I look forward to their change in view next week when they have loaded up.

Great argument and summary of assessing the value of DX. PS65.

We seem to be in "Jump aboard before you miss out" territory

Deep nice to hear you are still in for the ride. In my experience I find choosing when to sell always the hardest. I've been investing in shares for over 15 years now and Its only been a handful of times I have lucked out and found the top. having a price target isnt always the way in my opinion. Any news should feed into your share price value analysis. for example i also hold cna shares and my initial target was 120p. My assessment changed when news convinced me further value could be achieved so I continue to hold there. At the end of the day you can make your own luck !