Member Info for TerryM1

Not certain I agree with this but might help to explain low Gas price.

https://oilprice.com/Energy/Natural-Gas/Does-the-Natural-Gas-Industry-Have-a-Future.html

Also if gas prices surge in US because of lot of production is exported I expect whoever is in power to legislate to curb exports, the US industry and people are used to low energy prices and too many votes depend on this.

However I still expect to do well in this environment.

Good point blackrocktrader I have not sent that many questions to other companies but a few over the years (perhaps 10 in last 5 years), mostly get replies with some useful info, very few times was ignored and once was phoned by CEO (small company) to explain a situation not covered in their RNS/Reports.

So from my own experience DEC are the worst I have come across.

Yes, a few times all ignored until I chased one up and got a useless standard reply stating what everybody knows. Still waiting for a reply to my reply asking for proper facts not just general statements, been about 2 months, not holding my breath. I think DEC does not care about PIs.

Try again

directors talk interviews .com

Just remove the spaces

still putting in *********************,

*************interviews dot com

see if this works

for some reason it put in **********************, replace these with

***************************

we know this already but if you want to confirm the dividend.

https://www.***************************/diversified-energy-company-share-consolidation-dividend-impact/4121135338

not sure what all the fuss on the consolation is all about, ignoring the rounding shares if you can multiply and divide by 20 you can work it all out.

The issue with CPI is a matter of trust, no one believes the BOD after being lied to and let down time and time again, too many people have been burnt by this lot.

Not sure why people say there is very little debt, CPI issued just over £100m loan notes at just over 10% only a few months ago, these need to paid for.

It will turn if/when there is a decent set of results with some decent profits without the need to wheel out more one offs to cover up the real picture. Also a dividend is required a company without a dividend is like a boy without a winkle (to paraphrase Nursie in Black Adder), OK when young and growing but not much use latter, in the end it is why people own shares.

Hope next set of results is a game changer instead of the jam tomorrow given to use for over 5 years.

TheWednesday, Kipper9

Can't find the one I read but there is a good if complicated article in Inverters Chronicle

https://www.investorschronicle.co.uk/managing-your-money/2019/11/07/what-to-do-when-your-broker-goes-bust/

An extract

Mr Kuczynski is clear that there shouldn’t be a situation where an individual client dealing with a UK-authorised financial services broker has uncompensated losses for a broker failure. The only circumstances in which it might happen is when a client has a very large portfolio and their allocation of the administration costs – which are charged as a percentage of the fund held – exceeds the £85,000 limit.

It seem if the uncovered administration costs are proportioned out against client funds and you are protected up to £85,000 by FSCS.

This is one of the reasons I stay away from the cheap as chips no dealing or admin fees brookers which keep cropping up.

"@Kipper9

Assuming you are referring to the FSCS, that doesn't apply to shares."

It does (from article I read recently) however the £85,000 does not apply to the holding but charges, so if a broker goes bankrupt and and they have deficit which amount to 10% of the whole portfolio you are protected against the charges up to £850,000 portfolio so if you have £1,000,000 you will lose 10% £15,000, 10% of £1,000,000 less £85,000 protected. So in a sense you only have £85,000 fully protected but there would need to be a huge deficit on bankruptcy.

Ticketi-Boo

Agreed, the CEO has a duty to the shareholders that includes managing the company, it's public relations and to do what is reasonably possible to maintain/increase the SP. He must not forget that the shareholders pay his salary and if forgotten they will walk or remove him either directly or through a takeover/take the company private. This year 4 companies I have shares in are going private or assets sold off and shut down, 2 against the PI wishes and the other 2 mixed.

Kipper9

Also register with Primary Bid, I mostly stay away from the small companies and ones using it to pay off debt but have done well recently with LSEG, BYG, SVT and UTG.

LSEG keeps coming up as Reuters and Blackrock are unloading their shares, may get another around Mar 2024. Been in and out of these a couple of times this year.

Kipper9

There are lot of good quality REITs paying high dividends with a large discount to NAV, these generally have some borrowing which is fixed for a few years so as interest rate reduce there is a good chance not only to see the NAV rise but the SP rise closer to NAV. SUPR, BBOX, SREI, SHED, LMP, LXI, BPCT are some I own. There is also the add chance of liquidation like EPIC giving a good gain, will get my funds from this early 2024 with a good capital gain while getting great dividends, ASLI is now under the threat of liquidation.

I have also been buying Uranium via YCA and has given me an excellent return much more than Gold. There is currently an Uranium shortage which looks like getting worse.

As always there are just my opinions do DYOR.

Bismarck

"the continued SP weakness difficult for me to understand"

I think we are all having difficulties understanding this but the fact remains it keeps dropping.

The only thing I can think of is the ESG and general fund sell off when SP is weak causing a downward trend and more selling due to the trend, as I said why buy today when you are likely to get it cheaper tomorrow.

My evidence for ESG sell offs is this can be seen with SHELL, BP etc but these companies are able to soak up this with BBs

Pickedpeck

"Have you worked out the total bought back so far then?"

No, but the last figure I saw a few weeks ago was around 5,000,000, about 5% of the BB program which was voted for. If you have the better figures please share.

Pickedpeck

"Are you missing the weekly RNS"

Of course I am not, the BB program is anemic and sporadic, way short of the 10% voted for. A short time ago the BBs used to be for days when the SP went under 85p and it worked well buying around 350,000 per day. Now it happens at odd times only 2 since 30 Oct, these were on 17 Nov and 27 Nov so not weekly, more like 1 every 3 weeks.

Ticketi-Boo

I agree, the SP situation is out of control, why would anyone buy DEC today when they are most likely to be cheaper tomorrow and 22% yield looks like a dividend trap. US listing, maintaining dividend, we fine RNS and decent results make no difference, the only answer is a decent amount of BBs, the CEO made a big mistake with the Tanos committing too much cash leaving the only option for BBs on borrowed money with he is reluctant to use even though this is the best deal in town for DEC. As I have said Oil and Gas companies (SHELL, BP, et all) know that the ESG lot are selling off the shares so they have kept cash put by for large BB programs and it is working well.

Kipper,

I also have VOD and like TREK also PHNX with a much larger holding than VOD, of the 2 I prefer PHNX. VOD may well come good but need to see evidence of a decent turn around. Just my own view.

"Well,in that recent youtube interview Rusty made it clear he doesn't care what the share price does."

Rusty should remember that DEC is a PLC and he has a duty to his shareholders which own the company as he takes a nice salary from then and this includes the SP. No one wants huge dividends to lose much more on falling share price.

However as Ticketi-Boo says

"the CEO is required as he does not seem to understand how to maintain the value of his company unless the agenda is to buy it back or take it into private equity"

Which is what I have been thinking as stated in my posts because BBs are very accretive at these levels and it makes no sense to just BB a few as has been happening. Why not a script dividend and use the cash saved for BBs, I suggested this to DEC but no reply. The Other Oil and Gas companies know what is going on and are involved in large BB programs but not DEC.

I hate to say this but the SP fall it could be the results for the 14th are leaking (as so often happens with this lot) and will be told good progress all is fine but exceptional items one offs etc wheeled out to cover up the true storey. The one piece of evidence against this are the director buys but bringing forward the cutbacks gave an excuse for more one offs which looks all too familiar.

I really hope we get good results as I was looking forward to break even on my last purchase of 22.5p but that seems a long way off now.