Member Info for TerryM1

"Well it is valued below bust when you actually think about.

If they were to sell off the remaining businesses, pay off the debt, they would have multiples of current sp."

That says it all, the bit that is not in the items to be sold is JL and BOD, with this analysis this bunch are seriously subtracting from the value of the company.

In fact it would have been far less painful financially and emotionally if the company had been split up and sold off over 5 years ago instead of the rights issue. Even if we got nothing thoses who took up some or all of the rights would be better off now by quite a margin.

For a very long time anyone who put money into this company it has been good money after bad.

You can blame Brexit, Covid, Ukraine War, etc (as CPI have) but the fact is other companies have overcome these issues and in some cases made money out of them but CPI just use these to justify their abysmal performance, the main difference is they did not have JL and our BOD.

You get these strange prices just after market close (during closing auction) and very occasionally during the day they are not real prices and will correct fairly soon and you certainly cannot trade at these. HL sometimes have the buy less than the sell but with a warning, my portfolio with II the prices after close are all over the place and it look like I have suddenly made a lot of money but again there is a warning and they correct soon.

PanamaPete

"I seriously think some people just haven't read the H1 update."

This must include JL and the BOD as they have not been buying shares but instead 1 sale. If the BOD do not have confidence to buy at this levels it says it all.

Like so many others after many years of nothing but disappointment I sucked myself into buying some more shares after the results in the hope a making a small gain to offset a tiny amount of my huge loses, first buy for me since the rights issue and probably the last.

As usual a defining silence from the BOD as the shares plummet, no director share buys but one direct sell. JL on 1.8m pa and the rest of the blood sucking board should go in disgrace with no golden goodbys. This company needs a new start with a new team ASAP.

What you need is eroxon and a lot of it, it will help me offset my losses here with a company I am invested in (FUM) which has great potential.

Worth a look for those who like taking risks for possible large rewards.

Sorry last post wrong thread.

What you need is eroxon and a lot of it, it will help me offset my losses here with a company I am invested in (FUM) which has great potential.

Worth a look for those who like taking risks for possible large rewards.

Diversified Energy Insiders Placed Bullish Bets Worth US$449k

https://finance.yahoo.com/news/diversified-energy-insiders-placed-bullish-093357800.html

The dividend has not increased, it is 4.375 cents which is the same as the last 3 dividends, it is just an increase on the same period last year. Although the dividend is superb (mostly due to low share price) it has only increased 3% in the last year against very high inflation so is falling back in real terms, for me this was a disappointment, especially as I was expecting improvements due to Tanos and I hold this stock for dividends as capital growth is negative in last few years so all in all losing money. Will be a time before I get back to my £1.05 top up in the placing even including dividends, unfortunately seems Tanos is not adding to dividends.

Trek

So what this really means for DEC is that we want an unstable natural gas prices, we need it to be low to put other operators that are not hedged in trouble so we can buy the assets cheap. Then we need the price to be high when the hedges are set, the initial set of hedges after a purchase will be based on the price at the time of the purchase but as these age off the next set will likely be at a higher price (as we bought In on a low price). Perhaps this is the more interesting part of the DEC model.

However a lot of investors/traders only look at the current prices so don't understand a low gas price is also good for DECs long term future, also with IFRS accounting the more we lose on paper the more we make in the future as hedges are set higher. With this model the more the gas price fluctuates the more money is made in the long term and perhaps we are more dependent on fluctuations than high prices.

I have been in contact with Computershare and all certificated holding were transferred to AIX. I contacted AIX and got

"Dear Madam,

We can confirm that we do see your account now under the AIX Registrar. Thx for providing the information below. We will conduct KYC / DD procedures and then will give you access to the registry portal so that you can access your accounts directly.

We kindly request your patience as we process a high number of similar requests.

Best regards,

AIX Registrar "

Also from a phone conversation I was informed you can keep your shares on AIX or have them on TABYS, it would seem these are the same organisation (as informed on the phone call) it is just how you wish to keep them, not sure at present what advantages there in with each of these. Also as there is a large amount transfers it will take a time before fully processed and be able to see them on the portal. I did give my full information with my enquire to AIX including name, DOB, contact details, Nationality, Passport number the same as required to register on TABYS.

Teddy100

His next job is to rewrite the Railways book of excuses, this addition will be based around woke.

"Is the company really worth about 400m less than it was back in March as a result of the hack"

Probably not but it depends on how you look at this, there is great saying, it is not what you think that counts but what they think i.e.the markets.

It is the lack of confidence in the company and constant banana skins that have done the damage also poor information released leaving many not to believe a word the BOD says (not just in the case of the hack).

IMO some/a lot of the damage was done by the northing to see hear coming out of CPI about the hack and it left the press a field day (right or wrong) which begs the question why did CPI not have this info or just wanted to sweep in under the carpet. I think the cost of the hack is still casting a shadow over the share price and would like to see CPI come out with more information on this as it might calm the markets.

We can all dream and hope but realistically I need the share price to be over 100p to break even on JLs reign, IMO no chance but we can hope. I would be far better off it had gone bankrupt instead of JLs recovery.

This not a dream but a JL nightmare. He was not up to the job so he blagged his way through his time in charge causing huge shareholder loses while feathering he own nest with no hint of apology or contrition. He is a charlatan!

Trenners

I get your point about the handover but the continuity we get from JL is continually losing money and lying. I would like to see new start not influenced by a loser (except for his own bank balance) and having to pay more money out to the guy who burnt though all the shareholders cash (rights issue) and more sticks in the craw.

“JL is highly respected by the Cabinet Office”

And I am sure his mother thinks he is great but what respect does he get from the shareholders whom he bleed dry along with the rest of the blood sucking board (lot more money raised in rights issue than the company is worth now) and lied for over 5 years, going to be turned around by 2020, share price 97p, hack nothing to see here etc.etc etc. The worst is we still have to pay his very nice salary for the next year along with the new guy. Given his dismal performance any lower manager would have been sacked years ago.

Best described

You have sat too long here for any good you have been doing. Depart, I say, and let us have done with you. In the name of God, go

LondonMetric Property Plc ("LondonMetric") today declares a 4.3% increase in its first quarterly interim dividend for FY 2023/24 to 2.4 pence per Ordinary Share ("Dividend").

The Dividend will be paid as a Property Income Distribution ("PID") and is in line with LondonMetric's progressive dividend policy.

Culley01

" What happens when there’s nothing to sell"

JL leaves the company!

Should I buy Glencore shares for a second income? Here’s what the charts say

https://www.fool.co.uk/2023/08/22/should-i-buy-glencore-shares-for-a-second-income-heres-what-the-charts-say/

Scott1k

If building societies and banks have a low deposit/no deposit mortgage for people who can't afford to buy a house now if/when something goes wrong the banks will be vilified throughout the left wing press/BBC/Labour party and forced to pay compensation. They will be left with people that are hard to evict while not paying their mortgage and in a falling property market a house to sell worth less than the mortgage.

They had enough trouble before with 100% mortgages in a rising property market but will be worse now as property prices are falling and everything is someone else's fault, your fault for not giving me a mortgage, your fault for giving me a mortgage I can't afford to pay.

As this is a board about GLEN this is the last I will say on this subject.