Member Info for TerryM1

Worya

I think most of us can't understand what is going on. IMO there a 2 options

1. A distressed seller or change of ESG policies forced selling causing the price to drop to a point where stop losses kick in, some shareholders panic selling out and traders then riding the trend.

2. Bad news not yet released but known by enough IIs so getting out while they can.

I really don't think it is 2 but only time will tell. DEC is my biggest holding so feeling somewhat brussed at present.

However I can go through many quality high yielding shares I have and the story is the same but to a lesser extent. Take a look at PHNX yield 11.18% dividend well covered, latest report very good up on virtually all metrics and SP keeps dropping.

Andy144

I am not really bother by him and do not read his posts any more, if anything I feel sorry for him as he probably has very little else in his life. However these post could destroy this board as I have seen when this happened elsewhere which is a shame as I like to see informed views on this company and what informed posters think is happening.

Sageoflondon

The market cap is nothing to do with the debt levels, it is the ability to pay the debt which DEC easily has. If debt was an issue the banks would not have increased the RCF recently.

As I said before there is no point in engaging with GG is an attention seeker and gets off on winding people up, if ignored he will go elsewhere for attention.

He is like one of the people my partner looks after as a professional carer, she is told if they keep causing problems or become aggressive do not engage it will just make then worse. I have seen this in action and it works.

Obviously dodgy not doggy but doggy seems appropriate .

GAVSTER-NBC

Well done for finding this, it could well be the cause of the SP drop since Monday and added more pressure to falling share. Remember when Bloomberg Green trashed the SP with a doggy report.

I don't know if this will effect DEC as they have been doing well on ESG targets and may help them with their own capping teams available for hire. However adds another pressure to an already shaky share price.

Bluemango

"Has anyone contacted the company to request this?"

I have recently sent a message to DEC asking them to do something, either a calming RNS and /or increase share buyback. I urge all concerned shareholders to do the same.

I did this from their website

https://www.div.energy/contact

Now under 70p, Yield 20%, Henry Hub prices close to $3.

DEC cannot buy assets cheaper than it's own shares, it is essential this slide in the SP is stopped before an unwanted takeover at a knock down price. IMO all available resources should be now be used for BB, at the very least it saves 20% every year into the future and probably more if/when dividends increase, 350,000 a day is not enough in this market, it is time for the BOD to act decisively.

Pennytrader

For what it is worth IWEB have it under Corporate Actions as a capital repayment and missing from the dividend section.

C18bfc

The problem with LGEN is that Thomson Reuters is selling the stock at regular intervals, 3 times recently, 2 of these pick up via Primary Bid for a decent discount, sold the first and will sell the second before closed period for Thomson Reuters sales ends I think around end Feb 24.

Also LSE not doing well, losing companies but other parts like Refinitiv doing OK.

Mulder, agreed the FCA is a joke.

It stops me participating in placing as I not knowable enough but I can buy the same shares in the market for more + charges.

Can’t move a REIT (sell and buy) for one price from IWEB trading account to ISA as this route does not allow me to tick the KID which FCA insist on so get two charges.

See many times a share I own go up or down for no apparent reason only to find the reason in a news release a few days later, insider dealing but FCA do nothing.

Many bank accounts closed for political reasons including the accounts of Nigel Farage where there is clear evidence, FCA say this is not happening.

FCA really now only good for pushing ESG and Woke agendas which is new their remit.

PIKEMAN, also in total agreement inaction will lead to this company being takeover for a pittance. Action is needed now or we could all become force sellers to a predictor.

PIKEMAN

"My biggest worry is that some smart money comes in and buys DEC for £0.90.!!"

This is something that I have commented on and has been concerning me for a time. IMO DEC should now throw all available resources into the BB to try to prevent an unwanted takeover.

There is no point on holding onto cash for a possible purchase when you can buy you own shares a lot cheaper and greatly reduce dividend payments. If DEC waits too long to commit the cash it likely will only end up hands of an unwanted predator.

There must be a large distress seller or one who wants out due to some misplaced ESG agenda, unfortunately these sales are starting a panic and has already been mention stop loses.

From a financial view it makes no sense, gas prices rising (although off a bit in the last few days), good results, plenty of banks confident enough to loan money and a falling £.

Looks like the placing to buy Uranium at $65.50/lb has not been much of a success, the share are now at almost 12% below NAV.

They could have bought Uranium at $63.87/lb (price from their own website) by buying their own shares. In effect the placing allowed the purchase at a discount at to the market which reduced the value of the company by a lot more.

I got around 60% of the shares I applied for which is good but what winds me up is that the Qatar Investment Authority got £500m at the same price of £21.50 so a UK public services company places it's customers and other UK citizens at a lower priority than the Qatar Investment Authority.

So £7m allocated via Primary Bid for retail shareholders which include current shareholders, customers and UK citizens and £500m for the Qatar Investment Authority. The Primary Bid allocations should have been issued in full and the Qatar Investment Authority allocation scaled back, for them this would have been small changed and they will still have made around £50m.

DenFos

"Divi cover is my concern here, it’s around 1, not high enough."

This is why I think all excess money should be used to buy back shares to save the almost 8% dividend and increase the cover, SP will respond once this issue is removed. Even using borrowed money they will make a saving. However they won't do this even though it is in the shareholders best interest as it makes the company a little smaller (at least for now) which is against the Directors own interests, less remuneration etc.

Trenners

"got chatting to a current CPI employee (of some years standing) and he was very positive about the company and the transformations that have been implemented under JL.

I know JL isn't often flavour of the month/year (on this forum) but the guy I was chatting to couldn't praise JL enough"

I sure his mother thinks he's great and is popular with the employees and the government but what about the shareholders who pay for his great salary, well we all know the answer to that one. When you rob Peter to pay Paul, Paul is very happy.

There are looking to sell Waitrose stores.

SUPR already owns 8 which make up 5% of the portfolio.

Given the current discount to NAV of around 18.5% then any purchase would need to be greater or at least equal to 18.5% discount otherwise it will dilutive and probably cause the SP to drop.

If any free cash would make sense to have Buy Backs so not only buying assets at 18.5% discount but would also solve to issue with dividends not being covered. However this would reduce the size of the company and management fees, good for shareholders but not for directors.

Masplin

"In theory raising money at the same price as they buy Uranium woudl make no difference to NAV"

It is not the price of Uranium that is relevant here but the price relative to the discount to NAV and this must include all costs. It is good for the directors as the company has increased in size but not good for the old shareholders as this is a non accretive deal.

No doubt some of the new shares are being dumped on the market for a quick profit.

It also cast a shadow over the share price as this type of deal brings the SP down.