Member Info for TerryM1

Why are not all existing shareholders eligible to take part in the placing, we have 2 tier shareholdings!

"The Placing will be conducted through an accelerated bookbuild which will be launched immediately following this announcement (the "Announcement") and will be made available to new and existing eligible institutional investor"

Yesterdays BBs

Shares Purchased: 129,323

Price Paid: 14.10

Highest Price Paid: 14.33

Average Price Paid: 14.2418

The maximum amount of BBs per day has been increased to 129,323 for 2 days now, this does not seem to be dependent on the SP as I thought it might be as when it was increased all the shares purchased where under $14 but yesterday all above $14.

BlueSquare

Well done for you buy looks like you hit the recent low and called todays movement right. You must be happy as close was $14.34, GBP equivalent £10.62 well above your £10.40.

As you will have seen from my posts none of the deals in the last few years have been accretive to the SP.

From what I understand IG are a multiple currency platform but as I am sure you know you can only hold GBP in an ISA. I use my SIPP at II for DEC so I do not pay WHT on the dividends and can trade and hold USD. Before I used to have DEC in trading accounts as dividend tax was already paid so saved the ISA for other shares where there would otherwise been a dividend tax and in particular REITs which saves 20% tax.

Just sold out at $14.31 the shares I bought a few days ago at $14.14, BBs have helped me to cut my losses by a little more.

Decided to do a test sell to see the difference in spread on LSE, for 500 shares £10.4242, for 20,000 shares £10.394906, difference of 0.29294%, can get a quote above 20,000 as I just get trade at market best but suspect spread even more . If the same is true for the buy this is 0.58588% on just one trade so above the II FX conversion cost but of course you can keep you cash in $s so FX conversion just a one off.

This shows the state of the LSE compared to NYSE and not surprising very few IPOs on LSE and a number of companies moving from LSE to NYSE and of course there is stamp duty as well but obviously not for DEC as dual listing, interestingly II are charging me PTM costs for DEC on NYSE which I believe is incorrect so I complained but they are sticking to that although I believe a number of other brokers do not charge this.

BlueSquare

If you do not have a multi currency account as you say it is not worth it. This is one of the reasons I chose II as I can trade and keep cash in $s and in time will be moving more of my investments out of UK stocks to US stocks or others which trade on NYSE. At present I am not converting but collecting $s from dividends from some LSE companies, i.e. DEC, GLEN, ENOG and some other NYSE stocks along with any profits I make from trading.

If you are trading 10,000 DEC at a time might be worth considering (0.5% FX fee on amounts of this size), but not so much if holding for a time.

BlueSquare

"I bought over 10 000 shares yesterday at around £10. 38"

IMO you should do well on this trade and you are also up at present so already in profit, have you considered buying these on the NY exchange where the spread is lower especially for for large orders saving on on the buys and sells. I find the optimum amount on LSE most of the time are batches 550 shares where as NY spread is the same for 500 or 10,000 shares.

"as I stated volume is going down in the US, so prehaps the worst of the selling is over"

Perhaps but the BBs where up by 60% yesterday and failed to move the SP on less volume, IMO there is still going to be a fight from the STAGS and BBs for a time yet. There is also a chance (IMO a good chance) this is not last of the Secondary offerings, this was less than a 1/3 of the Maverick shares and there are others out there. However there are more I would not expect them for at least 3 to 6 months but could also depend on SP.

"In the last results they increased maximun shares that can be bought from 4,756,842 shares to 8,099,015, so still a lot a leeway"

As I already said

"Share BBs authorised for up to 8,099,015, 3,273,466 shares already bought under this scheme giving 4,825,549.

Since then 3*80,914 + 129,323 so can buy up to 4,453,484 in current BB round if they chose to.

BB for yesterday

Shares Purchased: 129,323

Lowest Price: 13.845

Highest Price: 14.10

Average Price : 13.9757

They have now upped the BBs per day from 80,914 (60%) which was the amount for the previous 3 days, perhaps when SP below $14 more cash is allocated.

As far as saving money on the dividends and value to shareholders it would have been far better to but these shares in the secondary offering at $13.75.

The shares in the secondary offering have effectively been transferred from companies that don't want them to people looking to take a quick profit.

As far as the dividends payments saved the yield on DEC shares is 8.3% and cash used to buy these shares is from the last loan which is 9.5%.

As said

""revenue is vanity, profit is sanity"!

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The BBs are losing today, something happened around 11:30 NY time which cause a fast drop in SP and then just went down slower after that. Probably a large sell as volume spike at that time and since then either BBs reduced or too many sellers. That is assuming there are BBs but will be surprised if there was not.

Just bought back in on NYSE at $14.14, hoping BBs can do it again for me today, need some luck!

Asp1

"I sometimes think we have lost the art of disagreeing agreeably"

I agree with you, I always like to keep it amicable not matter how much you disagree but when you get abuse and insults thrown at you I am quite happy to take these people on but refrain from going as far as they do, can't understand what the point of saying thing like.

"... Terry still lives with his mum.

Dubai 😂😂😂😂😂"

When they know nothing about me except they disagree and I am prepared to argue back, others recommend the post, really, what does this say.

"I do not like this approach because I am not very good at it."

I am not a natural trader but have leant to look for opportunities, DEC has a lot and are more obvious than most, Trump tariffs have proved to be a great opportunities, while everyone is moaning about them I look at the shares on my buy list that have dropped a lot and go for them, pull out when the market recovers and wait for the next lot to come along. One thing I learnt is take you profit and move on, trying to get too much is a mistake, on average you either lose out or miss a better option elsewhere. I must say my main activity is investing, trading I dabble at.

"The news that stabilization activity was not needed certainly hints to me at least this could be the case"

This is good news as now it is all over and shows there was a good appetite at $13.75 for the shares but this may well have been short term trades now selling in to the BBs, as I keep saying we need a period of calm and that is when the SP creeps up.

"good luck with your returns whatever you decide"

And to you and everyone else, we need it with DEC and also with the current market and the world situation.

Asp1

I love your optimism and always polite.

"The share price may get impacted by liquidity topics"

We now have the added risk to the SP in that this Secondary offering may well be repeated after appropriate time periods perhaps until all the unwanted shares are cleared.

This happen to LSEG after they bought Refinitiv from Blackstone partly with shares and once the closed period ended there was a number of share sales like this. I managed to buy in on some of these through PrimaryBid and sold each time in the next few weeks/months with reasonable profit each time for myself and my partner using the same cash each time, I was careful not to hold too long as I did not want to be caught out by the next one which always pulled the SP down. The good thing about this was after each share sale there was a 6 month closed period (from memory) so was easy to time. It is a real shame PrimaryBid stopped offers to the general public as it was a good source of income flipping these shares but as market changes there were only a few, still can use them with a few brokers but you need to already have shares in the company.

TrekMadone

Nice to have you back again on here.

US trade was not much in % terms but put all my spare $s in so worth doing, was hoping BBs would have got it back to around $14.35 on the day but as can be seen from todays info on the BBs they limiting the amount. Now made 14 trades on US market like this (also quite a few on UK market) all in profit, some just a small amount and some decent amount but the thing is it is using the same cash each time, it have given me over 11% profit in 3 months and still get the overnight interest on the capital. The good thing about day trading is that you do not get blindsided with company reported bad news as this comes out during period when exchanges are closed. US better than UK as spread is low and the same spread for 10 as 6000 shares and it is the US making the price. May be a chance to trade again today.

Thanks for the heads up on ENGR, took a decent position when it hit the recent low, add the dividends just received made 6.5% in around 6 weeks but will hold as I expect there will be good gains as cash returned.

Have also been alerted to JARA as a winddown stock, would be a slow burn but should pay off and can add in the dividends while waiting.

BBs for yesterday.

Shares Purchased: 80,914

Lowest Price 14.05

Highest Price 14.26

Average Price 14.1768

Interesting that exactly the same amount of shares purchased as the day before, could this be a new daily cap, at a guess they do not want to blow too much each day in case this continues for a time.

Some good news, this means there won't be a drip drip of shares being sold at $13.75 for 30 days. Would be good to know the over allocation.

"Diversified Energy Company has completed its secondary offering in the US with the exercise of the over-allotment option, suggesting robust investor demand for its shares. The stabilization period has ended with no stabilization activities needed, which typically indicates the offering was well-received by the market.

The full offering consisted of 5,713,353 ordinary shares, with an additional 857,002 shares (15% of the base offering) sold through the over-allotment option, bringing the total to 6,570,355 shares. All shares were priced at $13.75 per share, generating approximate gross proceeds of $90.3 million from the total offering.

The fact that Mizuho Securities USA, the stabilizing manager, didn't need to conduct any market stabilization activities is particularly noteworthy. When underwriters don't need to intervene to support the share price post-offering, it typically signals that natural market demand was sufficient to absorb the newly issued shares without significant price pressure.

This secondary offering represents a liquidity event for existing shareholders rather than capital raising for the company itself, as indicated by the description as a "secondary offering." The successful placement and exercise of the over-allotment option suggest institutional investors have a positive outlook on Diversified Energy's value proposition."

From the look of the SP movement for today I am fairly certain there were a decent amount of BBs but could not get SP up above £14.25, find out tomorrow morning.

Should hear the results of the offer soon as it is expected to settle on September 18. If all taken up including the additional shares should have a better day tomorrow.

Just sold out my NYSE day trade at 7c profit, was hoping for more but happy with that. Wanted to get out before closing as BBs can stop a bit before closing and did not want to take the risk, will place a low limit order in the hope it drops just before closing, may get lucky.

Jim

"Terry - again read the words! My post was that there are lots of better options for EIG!"

Read the words! in my reply

"If you are referring to the sellers that says it all, they know the business better than anyone else and are not taken in by the paid for projections of the friendly brokers, it is doubly bad when you consider the sell out price compared to the SP before sell out leaked or last acquisition."

I make it easy for you to understand "EIG in your terms are the seller" or from the RNS

"certain funds or entities managed by an affiliate of EIG"

Not that hard really.