Member Info for TerryM1

Don't know what happened in the US but price went down to $14.28 just before close and trigged my limit order at $14.30 executed 10 seconds before NY close. Going to be an interesting day tomorrow.

HL have got the offer.

Https://www.ii.co.uk/analysis-commentary/insider-dealing-aviva-and-ps250k-purchase-ftse-250-ii535880

Deloitte partner Ian Clark, who has been a board member since March 2024, made his investment on Wednesday at a price of 617p. The stock ended the week at 627p, having risen by more than 30% this year and 128% since November 2020.

Https://www.londonstockexchange.com/news-article/ASLI/portfolio-sales-and-second-b-share-distribution/17137222

The Company has concluded the sale of two further warehouses, located in Horst and s' Heerenberg, the Netherlands, for an aggregate property value of €34.7 million, representing a c.3% discount to the Q1 2025 valuation.

12 more B Shares at 1p each, paid on 31 July or soon after.

AceofClubs

"EQT, the largest natural gas producer in Appalachia, has seen its share price up 350% over the past 5 years, DEC, a relative minnow, has seen its share price down 43% over the same period. Not wanting to sound at all gloomy, but I think I may just been backing the wrong horse these past 5 years: others may disagree"

We have all been backing the wrong horse, on every metric DEC has performed abysmally, against other gas companies, against O&G companies, against the markets in general all while DEC could not have wished for more favourable times from Geopolitical situation, Trump being elected supporting O&G and especially good for the ARO situation which DEC is the leader in having issues. There is only one person responsible for this and all he does is give himself more shares telling us what a great job he has done.

Jim800

"Best over the next 5 a whole lot more difficult"

AI will probably be the leader, however there will be many to pick from but only a few will turn out good. I will go for Uranium stocks mostly miners but also Physical U3O8 as I have been saying for a time, one of my stocks Camerco has gone from $36 to $76 in less than a year and predicted to keep going although there will be some serious dips on the way, also take a look at NexGen and Nuscale Power Corp gone from $7 to $43 in less than a year. All of these may be too high at present after a big rise so could well dip but if as predicted buy experts in the area will be a lot higher in 5 years.. Uranium spot price still very low and not properly recovered from Fukushima, went up to $200lb, now $72.

Primary Health Properties (PHP) says its agreed offer for Assura (AGR) has received foreign direct investment clearance in Ireland and the transaction does not require any further regulatory approvals.

Supermarket Income REIT (SUPR) has bought a ‘top-performing’ Tesco supermarket in Ashford, Kent, for £54.1m on a 7% net initial yield in the first deployment of capital from the joint venture signed with Blue Owl Capital in April. The store has an unexpired lease term of nine years with annual RPI-linked rent reviews (subject to a 5% cap and a 0% floor). Tesco has operated from the 8.2 acre site for over 30 years and uses the store as an online fulfilment hub with 14 home delivery vans and Click & Collect services. SUPR believes that this is an inflection point in the real estate cycle where supermarket property valuations are at multi-year lows and long lease inflation linked assets can be bought at accretive yields.

Looks like they are playing snakes and ladders with the SP, new raise down the snake, up it goes new raise down the snake ....... A zero sum game.

After saying given the performance of this dog I would not put another penny in at the last raise and then saw SP rise I was questioning my decision (just a little) but here we are, deja vu all over again.

Should have added we have in a short time lost yourself and TREK, another well informed investor, no doubt more who don't post.

JC01

Good luck with your new investments, your analysis on the deals, share dilution etc was very useful and I will miss not having it in the future. Perhaps you could send one final message to IR stating part of the reason of selling out was in general very poor shareholder communications and specifically lack of replies from IR.

As you say your first loss is your best loss but once DEC SP started dropping after the first few of the share trashing deals I did not for one moment think Rusty be stupid enough to continue with this strategy and the rest is history. As I said I believe the mistake was the strategy of issuing new shares to the market, increase debt but hedge output so debt is well covered worked when the market was happy for more shares and debt was a lot cheaper and market more tolerant of debt but Rusty just could not wait for market change and just had to buy more at any cost and here we are.

This should have been a great investment with DEC as a dividend generating machine instead Rusty turned into a money pit, perhaps we will recover if Rusty can keep from repeating the same mistakes but at best it will be a very long road which could easily be stopped as/when the AROs come back to bite us and we have a lot more of them now.

There are few things to consider, first the PHP share price on the day of payment and capital gain tax.

Obviously taking the cash if it is higher on the day is a no brainer if there is no CGT to pay and if you want PHP shares instead just buy them. The CGT issues is a bit more complicated if you take any cash there are CGT profits or losses to consider and it depend on each individual purchase price and other CGT generated for the year. However the question is is you take the cash and purchase LMP shares within 30 days will this fall under the 30 day rule, if so no CGT, will need someone with more tax knowledge than me to answer this one.

JC01

Good move, as for DEC stuck either waiting for jam tomorrow or the next cunning Trusty Rusty plan to trash the SP. From the great analysis you have done it does not look good and the bottom line for me is the total shareholder returns which as I posted are abysmal and in fact large losses, this is in a favourable rising market and especially bad compared to my other holding. All done by Rusty who is a total disgrace.

I have also put money in large miners, GLEN and BHP (and trade these from time to time) which are down a lot a present but fortunately I put most of my cash in at much lower prices and expect in the SPs to rise, I am also in Solidcore was Polymetal which is showing a nice profit and will be a very large upside when start paying dividends again and if/when it can return to large western exchange. For me the action is in Uranium, pulled out of Camerco with nice profits on the current rise and look to get back to either Camerco or Nexgen on dips. It is one of the most volatile markets Camerco went down to $36 and up to a peak of $75 in less than a year for a company with a market cap of $30bn. Also been buying physical Uranium via YCA. Apart from buying REITs/ITs either winding down or threat of a take over moving investments out of the UK due to tax and anti business policies to companies mostly with stuff in the ground, miners or O&G, large multinationals are good as if one country taxes them too much they just move out .

There were BBs for Weds just the RNS was late and did not get reported until today

Number of Shares 32,812,Lowest Price $14.26,Highest Price $14.35, Average Price $14.3176

Yesterdays BBs

Number of Shares 4,202, Lowest Price $14.29, Highest Price $14.35, Average Price $14.3247

As I posted on the SUPR board comparing SUPR to SREI (2 REITs I own). SERI who did not pursue the “grow as fast as you can policy” and you will see in the last 5 years SREI up 61.77%, SUPR down 22.85%, massive 84.62% better off putting money in SREI, probably more taking into account dividends. The skill is know you markets and the times you live in, there is a time for expansion and a time to batten down the hatches, Rusty only knows one policy and is unable to grasp when things change, change with them or it will not end well. As night turns to day things/markets will change back so prepare yourself for the new order, in this case do not stock up on long term high priced fixed rate debt when the markets hate this.

“Not sure a different view to yours is necessarily no argument - as we’ve said before over a different timeframe we might both be correct.”

See other comment about the markets, what worked in the past may not work in the present but may work in the future, it is all about interest rates, amount of money around for investments, sentiment, confidence etc. Or to put it another way it is like "the secret of good comedy "timing".

“Difference is I’m content to hold but it obviously upsets you as evidenced by your continual “trashed the dividend, trashed the Share Price, diluted the shareholders” rant.”

I really don’t care what you do, if you are so confident as I said buy more.

Why is “the dividend, trashed the Share Price, diluted the shareholders” a rant when it is clearly the truth, Dividend down by 2/3s, SP down a large amount (take a look at any graph since this string of acquisitions started), and simple arithmetic tells you shareholders have suffered huge dilution. You really need to stop confusing pure facts with a rant.

Of course I am upset this was a totally avoidable disaster, if it does not not work 1, 2 or 3 times do not keep repeating it to destruction.

“Again if you had sold at £1.40 prior to consolidation and bought back at sub 800p you’d be quite content. Only your fault you didn’t.”

Very true and if I had know the lottery numbers before Saturdays draw I would also be quite content.

So you are saying if I did not sell out at top of the market and buy at the bottom of the market since DEC listed it is my fault, Really.

Believe or not I don’t have a Crystal Ball or any inside knowledge. However I did sell out a number at £13 and bought more at £9.

JIM800

“the debt taken on because of the acquisitions is playing a huge part in holding back the SP along with the dividend policy”

“I read this as you saying the debt was holding back both the SP and the dividend policy. On reflection you could read it the other way - that debt and dividend policy were holding back the SP.”

Of course it is the other way the key words are “along with” so in very simple terms the SP is being held back because of the debt and the dividend policy. I have again said many times that investors buy O&G (excluding exploration companies) mainly for dividend yield so as the dividend is fixed for years to come at what is now a low level to historic SP it will put a cap on the SP. Also as I just said cash used to pay debt cannot be used to pay dividends so in a sense both are true.

“So you’re now saying you don’t want BBs? Without them the SP would be lower - that’s simple arithmetic! The 300mn was borrowed for general corporate services or some such bizarre statement - do we don’t know what it was spent on or if it’s still hanging about just in case. Your assumptions are not facts so do t represent them as such is my point,”

Again a total misquote, if you read the replies I have made to your posts I am saying that I am not anywhere near as in favour of the BBs now as I was before the dividends was trashed. However for a time now there has been very little else propping up the SP as the new shares issued are dumped on the market as these companies obviously believe they have better use for the funds than investing in DEC and only took the shares as DEC was out of cash in order to sell assets they no longer want.

Again it is simple arithmetic as I explained in simple terms before, I will try again, if you are spending money on BBs it has got to come from somewhere if there are no BBs you need less money so you can borrow less and last borrowing was for $300m at 9.75% (not long before this current round of BBs started) which would have been less if there are no BBs planned so is money for BBs at 9.75%. In the DEC accounts there is no separate pot where “this money can only be spent on that but not on BBs” etc. It is one company with one set of accounts and one pot of money, very simple to understand.

“Are you really saying that acquisitions should only be to keep the resources at the level from 4 years ago? Not a very inspiring strategy!”

Again you have not read my posts, a lot have been replies to you, I have stated many times some acquisitions are required for replenishment and perhaps some growth but defiantly not required at this level in a market not keen on fund raises and hostile to huge debts and as I said earlier today this was fine before cash dried up and interest rates went up. It is simple if the market changes you either change with them or suffer the consequences.

MrG123

You are correct, it was a good company before which is why I invested, what happened was the market changed and there was less cash around for fund raises and debt rates increased but Rusty did not change with the markets but worse doubled down and tried to go against it. I fear it will take a very long time to get out of this debt, share dilution and total lack of confidence hole Rusty has dug the shareholder in and that is of course if he does not make it worse.

As you know I am like you are slowing moving out trading as I go, I guess there are others doing the same and JC01 is more aggressively running down his position

No RNS late or not about BBs today, from SP moves yesterday looked like they were still in place but probably due to people trading on the assumption they were still in place so buying below $14.35 and selling out for a small profit. Will need to be more careful with my trades now as there may not be a BB floor. I have just cancelled my limit order in NY market and will monitor SP to see if drops enough to take the risk of a trade.

Savage_KeyboardR

Give it a rest with your political rants, I am not even going to read it, can't you take the hint nobody on here cares what you think, go and post on a board where you own some shares and leave us alone.

See our resident loses Savage_KeyboardR has nothing to say on the SP rise so he jumps onto anything vaguely political for his left wing rants.

He is some information Labour have been in power for a year and it has got significantly worse, in 4 years time they are out and perhaps finished for good, IMO the last proper conservative government was Thatcher/Major the ones since just run Blairite policies as too frightened to change anything.

JIM800

You got me thinking on my DEC loses, at present I am down -21.37% if you include the dividends, during the same period whereas I am up over 23% over my whole portfolio excluding DEC, in fact this % is higher as I have not included my company accounts which have increased more than my private ones but I will use that figure for now. So as a guide DEC SP would need to be £18.28 to give me the same return. That has occurred after the Trump election and with other factors favourable to DEC, a truly shocking reflection of Rusty performance and my very big financial mistake in trusting him.

Those who bought at higher levels will be suffering even more.

MrG123

We will need to wait until after 12 today to confirm this as a couple of times the BB RNS appears just after 12.