Member Info for TerryM1

Back to the magic number of 3,750, must be great working for PH, managed to get the purchase on days high of £10.96 and still get paid loads for what is a very poor service. Looks like PH think their task is to buy close if not at the high each day so buying a little after NY opens will help secure the highest price which they seem to do a lot.

This is not good news as SP below £11.00 and back to the same pathetic quantity which looks like BBs are running out of steam.

Https://oilprice.com/Energy/Crude-Oil/US-Oil-Gas-Drilling-Activity-Continues-to-Fall.html

The fall in the Oil Rigs means less gas a a by product.

However

Gas Flows to Sabine Pass LNG Export Plant Drop to 11-Month Low

https://oilprice.com/Latest-Energy-News/World-News/Gas-Flows-to-Sabine-Pass-LNG-Export-Plant-Drop-to-11-Month-Low.html

This explains the recent drop in HH and perhaps DEC SP.

Savage

There is no point in going on about CPIs past mistakes, as long term shareholders we are more aware of this than you are.

The question is will they recover if you believe this then buy the shares, if you don't move on and do not waste your time unless of course you main purpose is to wind up the current shareholders.

Simpiles

I agree, the Government are partly responsible for this, they also caused this in the energy market with de-regulation, now most of these companies are bankrupt or out of the market leaving it to few to make a reasonable return.

I would assume that in the future the Government not only realise silly prices are no good for anyone but will look closely at the how stable the companies are, they might just lean the lesson from the ATOS mess at least for a short time.

Savage

You are behind the times for CPI, in the past yes too many outsourcers chased low margin contracts and ended up losing money, yes CPI did this but you need to wake up and smell the coffee, CPI recognised the problem and only go for profitable business now; this is why there is a significant reorganisation. ATOS realised this too late are in serious trouble, worse than CPI was in.

The out sourcing industry is now well aware of the problems chasing low margin contracts so not only is CPI not doing this anymore but others in the industry will not be doing this. New contacts will be on terms that give a decent return and it is highly unlikely any competitor will undercut as they are all too well aware of what will happen. Not only the ATOS contracts will probably be awarded to other suppliers like CPI at a better return and all outsourcers will not be under bidding any more as they want to stay solvent and have a decent return, I am sure these lesions have been hard leaned after the destruction of companies bidding on too low a margin, this is the new world. It can only be good for CPI, now smaller but in profit once the reorganisation completed.

The BBs seem to ramp up when close or under £11 so this may be adding a bit of support. Looking at this as I am buying sub £11 to trade out shortly after.

I will still keep my main investment but hope to average down a bit.

The question for me is who is moving these shares between the markets, how many are on each market and the trend i.e. are we moving more towards NY.

I assume this is the market makers moving the shares as I cannot buy or sell shares for DEC in NY with any of my brokers.

I have tried to find out how this works for duel listing but can find any information with Google.

As all these shares are bought on the LSE is this a slow but steady move from LSE to NY or are shares coming back from NY to LSE?

Does anyone know how the find out the % of shares on LSE and NY now and the share movements between the exchanges?

IAG debt is reducing significantly while replacing older aircraft with new ones but unfortunately there always seems to be threats of industrial action by somebody and if not directly with IAG it is the airport staff, except during lock down.

Tazed

Well done for IAG, I unfortunately got this before Covid, did OK until the Lock down crash. However I had faith in the company and it's market so took up all my rights so well down but a lot better than it would have been if I cut and run, hopefully some dividends in the next year but debt reduction is impressive along with new aircraft. In the depths of the lock down I bought a Glencore and Shell, my lowest GLEN purchase was £1.70 and Shell at £10.74 but all these gains more than wiped out by DEC.

The DEC model looks good to me but what do I know, I would like to see some recovery in the SP and cash returned in dividends before Rusty buys more wells as this strategy is clearly not working after the last 2 purchases, it means DEC is now a larger company with more debt and lower dividends, at present the market does not like this. We need some good results, debt reduced and hopefully (not holding my breath) an increase in the dividends.

It is true that the price paid at any one date for the BBs is really irrelevant but this occurs every day, a few % here a few % there will add up to a decent sum as repeated every day and DEC pay PH a lot for this service. A simple BOT could do a better job.

HH is a little below 3 now, when this was the case last year DEC SP was a lot higher as well as dividends and as DEC is hedged spot price has little to do with DEC performance as it the futures price which have been a lot higher than spot.

The reason DEC still has some very large liabilities is Rusty can't resist buying more wells adding to the debt.

I think a lot of us are stuck for a time/long time or take huge loses, best I can hope for is the odd trade to try to reduce my average but will not be committing more cash in the medium/long term and will keep the trades small to limit possibility of further loses.

IMO the company is sound and capable of generating a good income but the markets have lost faith in Rusty and his lies.

No US cavalry to help out today, lets see where the SP goes but expect a small boost due to BBs perhaps mid/late afternoon.

Should have said "HH retuning to normal and had little effect" and "profits have held up"

Tazed

Sort of agree with you assessment on time scales but what is DEC recovering from, I guess the low SP, HH, high interest rates and trashing of the dividends but the profits have help up due to hedging. HH retuning to normal an had little effect on DEC due to hedging and interest rate will be lower in near future. The 2 parts which are specific to DEC are the new fixed high cost debt for 9 years (hedges only up to 3 years) as interest rates likely to fall and the dividend which was said to be safe trashed, otherwise we are in the same position as most other companies except the SP is in the gutter. These look like self inflicted wounds from which we need to recover.

Https://www.londonstockexchange.com/news-article/INPP/portfolio-update/16526038

Looks decent.

13,750 shares was just yesterdays BBs, most days it is 3750, some days none if SP has risen and some days like yesterday more if SP has been falling.

Yesterday price was £11.00, one buy at 15:24, not so good as low was a little below £10.74 and high a bit above £11.08. Can't understand why wait for the price to rise before buying, also after NY opened which often increases the SP.

'lucky the Sixth time'

There is a certain amount in truth to this in that we have all been promised a turn around for the last 5 years and nothing has happened so why should this time be different.

I guess it comes down to AH, while all JL could do was waste the RI money, sell off the family silver to keep the company and himself keeping himself going and be popular with the workers he did very little else. However AH seems to have understood the problem and is not frighten to to make the cuts required to hopefully turn this ship around. The problem is another year or 2 to see the results and the market is already fed up with waiting for many years and JL's lies so until this feeds into the P&L the SP is likely to go nowhere. As the costs for the cuts are up front and are in the books as one off can easily be associated with the many one offs JL used to hide the real picture which does not help the SP but IMO these unlike JLs one off are necessary and show AH is serious.

On the plus side AH seems to have stabilised the SP to around 14p. IMO we will see a slow but steady turn around.

Pickedpeck

I guess I must bow down to your superior trading skills, you obviously have made a fortune out of DEC which enables you tell me what I am doing wrong. Come on tell us what you will do so we all can copy it and make a fortune like yourself.

Just for the record I did make a small amount of money on my last DEC trade and I am well up elsewhere especially in my Uranium trades.

Sorry should have said "shorts are not bother by this"

It is nice to see the BBs increasing but still not very impressive only 13,750 shares BB yesterday when SP dropped a lot, shorts are bother by this and are still winning. Far more value for DEC in buying it's own shares than more gas wells.

Also not very intelligently executed, some might say dumb, most days like yesterday one BB, yesterday at £11.00 even thought the share dropped significantly lower soon after, wish I could get PH money for such a simple job.

I don't think Rusty wants to spend too much cash on BBs or in fact dividends any more. Before he could raise money in the markets or borrow at a low interest rates but that is not the case anymore and he needs money to feed his addiction to buy more wells no matter the cost to the DECs SP and his reputation as he is now a proven liar. Public stating a number of times nothing has changes while negotiation a deal which required long term high cost debt and trashing the dividends which he said was safe. This new debt is 3 times longer than the longest hedge, this is not a good place to be.

IMO if he had the patience to wait out this cycle things including the SP would have retuned to normal in a few years and then it would be time to expand from a position of strength.

The last 2 wells acquisitions have left DEC SP in the gutter with a low dividend yield for those of us who bought DEC over 6 to 9 months ago as well as trashing it's reputation by saying one thing while doing another.

The simple truth the best deal for DEC investments in gas wells id to buy it's own shares rather than from other people but it does not it Rusty agenda.