Member Info for TerryM1

Savage_KeyboardR

"However, CPI's financials are shocking and IMV it'll have its day of reckoning in due course. DYOR - IMO"

If that is what you think move on or short the share, only someone with a serious obsession would waste so much time posting on something they have no interest in. For your and all our sakes give it a rest, move on, stop polluting this board, DYOR on other shares you may just find a winner, how about research on Rights Issues, if you had done that on PNN RI instead of telling everyone else it would drop like stone and giving totally incorrect advice on the RI you would have made some decent cash like the rest of us with PNN.

We have as usual as shareholders being kept in the dark.

"The Company intends to use the net proceeds from the Contemplated Bond Tap Issue, if issued, for general corporate purposes."

What does that mean, why do DEC need $100m+, given current gas prices the cash should be rolling in, there should be no need of cash for the general running of the company. To speculate there could be 2 reasons, more deals or to BB shares directly from one or more of the companies that got shares in the deals however there are only 1.7m shares that can be repurchased in the current round so $100m would not be required for this therefore looks like another deal. So if another deal probably a JV, there is more high priced debt, more AROs and possibly more share dilution. If a deal would explain why BBs stopped and SP going nowhere when HH flying as shareholders we are told nothing but information leaks like a sieve to right people to trade these shares before it is officially released.

MrG123

Like you (I assume) I got into DEC before Rusty changed the way he runs DEC, it changed when Interest rates went up and lack of interest in new fund raises. Rusty either had to stop expansion for a time or borrow at higher and higher rates, then needed to trash the dividend and finally use shares as part of the deals. Expansion is the right strategy at the right time but the timing was terrible, sometimes the best course of action is to do nothing. Rusty could not stand this and just kept on with the same failed plan, each failure following on from the last. Rusty runs this company as he own thiefdom and just pays himself more money and free shares as a reward for failure.

I have been calling for Rusty to go for years but as PIs we have no power, I vote against his re-election every time but we need some IIs to take some action but I guess things will have to get a lot worse to just wake them up.

MrG123

As I have been saying for a long time Rusty's buy all you can at any price leading to huge high priced debt, massive share dilution, putting shares in the hands of companies that do not want them just to do the deals, lying to shareholders, messing up the finance for the Macerich deal leading to fire sale of shares, trashing the dividends just to buy more wells, keeping shareholder in the dark etc has now truly come back to bite the shareholders on the backside. No matter what anyone thinks of the so called accretive deals this is the result. After the BBs which are always limited to how much cash is available and the maximum allowed the only other thing keeping up the SP was HH on a rise, now that has gone.

Just imagine what will happen if HH starts to go down as it no doubt will at some point, I dread to think. It looks like we need DEC to have excellent EOY reports where FCF per share without one offs shows significant gains, HH stays up and what is required most of all now is BBs to restart, after all they were BBs up to $14.40 recently, it makes no sense to not BB in $12s and low $13s now.

Almost all of my other shares up a decent amount in the last 3m, 6m, 9m etc DEC down in an area which is flying, Rusty has made a total pigs ear out of running this company. I really hope that the cause of the SP drop is not another Trusty Rusty deal in the making.

Https://www.hl.co.uk/shares/share-research/tritax-big-box-fy-trading-update-on-solid-ground

Seems HL like it.

Howard05

It does not matter where shares are listed for DEC, there has always withholding tax as it is a US company, there are 3 rates, 30% without W-8BEN, 15% with W-8BEN OR 0% with W-8BEN in a SIPP. UK dividend tax is sperate and any US withholding tax can be offset against UK tax. 10.75% standard rate so no tax to pay, 35.75% higher rate or tax 39.35% additional rate. Also note if UK tax is less than US tax you cannot claim back the difference.

However be careful with brokers owned by banks like IWEB as many do not honour WE-8BEN and charge 30%.

Https://finance.yahoo.com/news/serica-energy-eyes-major-2026-141313011.html

Howard05

Dividend is paid in $ and should always be the same, if you are getting paid in £s it will vary depending on the GBP/USD rate, the conversion is either being converted by DEC in which case there is an announcement of the GBP dividend rate close to payment or by the broker if they opt for payment in $s, has to be in GBP if you are in an ISA or not a multi currency account.

Yield is 29 *4 / Share price in $, around 9% at present.

Should have added.

As I said before the biggest drop in the SP came on the last day of the BBs, common sense says it should be the next day or perhaps the day after when the market knew BBs were stopped. Coincidence, maybe but I do not think so, statistically very unlikely, MrG123 so as you allude to it looks like this share is being played and the info must be coming from someone in the know. This happens so many times with DEC, SP goes down, few days latter acquisition announced, goes down more, steadies to repeat the cycle again, now seeing it with BBs.

MrG123

Perhaps you are right, there is something very peculiar going on with the BBs, BB up to $14.40 then give up and don't BB when SP in the $12s, not the first time this has happened. It makes no sense either financially or supporting the SP, they are just either plain stupid or as you say another agenda.

Savage_KeyboardR

"I'm uninvested here, and glad of it! Eager to see the FY results, to see if they land around where my prediction stated"

Why, what is the point, it makes no sense, why waste your time on a share you have no interest in? Your only interest is to try to wind up investors of this share to get satisfy some strange urge for attention even thought nobody gives a flying fig what you think, they just want you off the board. You missed a great opportunity here, get over it, for you own mental stability move on there are many 1,000s of shares where you might make money, spend the time researching some of them, who knows you may one day learn something.

I am sure he is not in the pay of shorts as has been suggested, no one in the right mid would pay for this cr*p.

HH up at 4.8 and DEC still going nowhere, lets hope NYSE will pull it up when it opens, otherwise when HH goes down who knows how low DEC can go, we need these BBs to restart asap even if DEC uses up it's allocation for the year and needs to get further approval from the shareholders. IMO they should already have asked for this in case it is needed so ready to be used and also sends a message to the market.

Worya

Unfortunately there are a lot more than 5-7m shares to be soaked up from the deals, in Apr 24 there were 47m shares now there is 78m (after all the BBs finished), therefore at least 31m extra shares and I think there are some given as part of the deals before Apr 24. There is also the question of the huge fixed price, long term debt to be paid back along with the interest, then add in AROs (lot more of those now) which will be a real issue if democrats get back in. The deal that is causing the greatest issue is Maverick and perhaps around 10m just from that deal alone still to be dumped on the market, I think around 11m already dumped.

The problem was is Rusty could not borrow any more money as the interest rate being charged was getting higher and he messed this up royally when they did not have enough cash to pay Maverick and had to go for a fire sale of shares. Going to the market was for cash was not good idea (as can be seen from the fire sale), therefore the only option left was creating more shares and using these to fund the deals. In other words Rusty had no choice otherwise his huge buying spree would come to an end and he was not going to give that up for something as small as overloading the market with shares and trashing the SP after all he already trashed the dividends by 2/3s for his thirst for more wells.

Let’s just hope the EOY results are good, it feels like hope is all we have, even trading this dog does not look good now HH up 25% today and a lot more since DEC was last traded on NYSE, DEC up 2%.

Compare DEC to almost any other O&G company over most period and it is seriously lagging.

Looking against some other US gas companies over 5 years

DEC -53%

EQT +302%

CRK +440%

AR +532%

This should convince anyone who thought the so call accretive aqucitsions were good for DEC are severely mistaken and has only led to large losses for DEC shareholders including trashing of the dividend.

Must admit even I thought the recent rise in HH would have seen some more of an increase in the SP but now nothing seems to be able to move this share up except large BBs and dives once these are stopped. Seems that when HH goes up a lot DEC goes up a bit, HH drops DEC dives. Rusty has really done a number on the shareholders with the buy all you can at any cost strategy.

US weather

Arctic air continues to plunge into the U.S., bringing bitter cold temperatures and dangerously low wind chills across much of the country, especially in the Northern Plains and Midwest. Over 200 million Americans are forecast to experience below-freezing temperatures, with wind chills as low as -60°F (-51°C) in parts of North Dakota and Minnesota. The cold wave, driven by a disrupted polar vortex, has already led to record-breaking low temperatures, snowfall in southern states, and widespread travel disruptions.

Northern Plains & Midwest: Wind chills of -30°F to -60°F are expected, with frostbite possible in under 30 minutes.

Southeast & Gulf Coast: Temperatures are well below normal, with record lows set in cities like Oklahoma City, San Antonio, and Memphis.

Travel & Safety: Major airports face delays, and power outages are likely due to strong winds and ice accumulation.

Historical Context: This cold wave is part of a broader pattern, with similar extreme cold events in January 2025 and February 2021, both linked to polar vortex disruptions.

HH now 3.815 (+22.95%), lets hope it plays out in DECs SP, went to $16 recently when HH over 4, not expecting anything like that but anything that can pick it up from current SP welcome.

Savage_KeyboardR

"you've seemingly been unable to answer a most basic question"

Why don't you answer the question of why you are so obsessed with this stock, you don't own it, never owed it, don't and never have worked for the company tell everyone it is going down but too scared to short it. You keep posting rubbish, so why are you doing this, what is the point.

Been taking a look at the SP movements it started the largest one day drop this year (probably for a lot longer) on the last day of BBs 9 Jan on LSE followed by large drop on 12 Jan on LSE most of which was before NYSE opened. In other words the largest part of the SP drop occurred during NYSE opening times on 9 Jan. This was with the highest volume on LSE for many months except 24 DEC, the drop slowed once NYSE opened on 12 Jan. Stopping BBs was not officially know until 13 Jan, this could of course be coincidence or was stopping the BBs leaked, I have seen too many of this type of coincidences over the years especially with DEC when SP drops a few days before the announcement of an acquisition.

As usual company expanding with lots of good things going on but no profit as was promised at the last fundraise but one.

Cash draining away as usual £3.6 million (30 June 2025: £1.9 million) after fundraise in October 2025 which raised £3.2m so down £1.5m.

Outlook

"The Board anticipates H2 FY26 to be profitable and operating cash flow positive whilst the outturn for the year will depend largely on anticipated continued commercial progress throughout H2."

More predictions of profit with a warning, jam tomorrow, now how many times have they said that before, not surprising SP going nowhere except down, still BOD are doing fine, again salaries paid by all the fundraise and doing what they enjoy. BOD don't care, if no profit before they burn thought the current cash just need another fund raise to keep them in the lifestyle they believe they are entitled to, no problem shareholders just get diluted and take another hit on the SP just like they have many times over the past few years.

Https://finance.yahoo.com/news/vodafone-group-public-limited-company-193248966.html

AST SpaceMobile’s seem interesting.

Sparz

"The last few deals they have done are all at a less initial yield than the current dividend they are paying out. Not sure exactly how this all works out but surely the dividend will drop at some point."

It should not, it is down to gearing, as a simple example you buy an asset giving a yield of 5% using half cash and half loan at a cost of 4%, end result you get overall yield of 6%. This gap will improve as the rent rises and if/when interest on the loan reduce. This is a main factor why the REITs fell so much when interest rates rose and why they will rise as they fall, also the underlying asset price will fall as interest rates rise and rise as they fall.