Member Info for TerryM1

JIM800

Not sure it says much about FCF as they borrowed a huge amount of money at 9.75% which was orders of magnitude more than required for day to day running of the company (or many years of BBs) to BB shares yielding 8%.

JC01

Counld not agree more.

You really have had a Damascene conversion to what I have been banging on about for well over a year, looks like MrG123 is also joining the club. I would very much encourage any shareholders with these views to send them to IR, they will not reply but may just have an effect behind the scenes.

Sorry mistyped, should be $14

More BBs, 52,701 shares, Lowest Price £13.80, Highest Price £14.00, £13.9435.

14 is the new 13 i.e. BBs used to be when below $13 for now it is £14.

When Ed Milibrain tried and failed (as he always does) to become PM he came up with the EdStone which signified to me he polices of taking Britain back to the stone age.

When I bought these had a bit of a discussion with The Trotsky on whether it was worth it when I said

"I am looking for, my calculation is 3.22% return for hopefully 6 months giving 6.654% car or perhaps more if deal completed quicker"

In the end it was 3.34% which includes the dividend for just under 4 months so somewhere around 10.4% car (have not done exact calculations) for money that sitting in my SIPP that would be getting 2% if left in cash or around 4.3% (including dealing costs) if put into MM funds so happy with the return. Will put funds into another REIT or IT in wind down.

The proceeds are in my II account now.

No idea but is looking big as pre mark for Uranium miners and other companies up around 4%.

"Maybe I can break even on this soon"

I can but hope buts say it all. Could have got a decent profit if BOD took the Kistos deal.

Still only 4 years to go and this madness ends when Reform take over, if there is anything left by then.

This is a normal human reaction in that people feel pain of losses more deeply than the joy of gains for the same amount, this came up in a trading club I used to attend and taken from psychological surveys. For traders they need to detach themselves from these emotions which is not easy. A tradesman once said do a good job and they will tell a few people do a bad job and they will tell everyone they know and anyone that will listen.

In the case of DEC these losses were brought about because of total mismanagement so a number of people are feeling the pain and very annoyed. In other shares where I am in a loss (not many now) which are caused by market movements or issues outside of the control of the company there are far less negative posts about the company. For these shares it usually is just a matter of time before they turn and go up for DEC it is different as it is all about the company not doing more of the same that caused the drops. In fact if the company does nothing as it is at present it is very likely the SP will move up.

However for UK O&G companies trashed by EPL there are a lot of very negative posts (understandable so) against the government.

On a number of boards you do get 1 or 2 posters that don’t own the shares, don't intend to own them or short them posting negative comments (who knows why, makes no sense to me) but like the snow melts in the spring they melt away as the SP rises. We have 2 here which I am sure we all know who they are but as the SP recovers a bit only one is posting now and far less frequent.

I guess you could say if no one posts there are no chat boards, also is it not an oxymoron posting stating this or are you saying the only posts on these boards should be saying how good a share is.

They have given themselves a whole lot more options.

https://www.londonstockexchange.com/news-article/ABDX/award-of-options-under-ltip/17018833

Not long since the last time they gave more to themselves.

"the Company has awarded share options ("Options") over a total of 4,092,000 ordinary shares of 0.025 pence each ("Ordinary Shares") to certain directors and senior management, in order to incentivise and encourage retention in a manner that aligns with the interests of the Company's shareholders"

Since when has crashing the SP and diluting the shares align with the interests of the Company's shareholders, the SP needs to be £1 for those shareholders who bought shares in the IPO to break even ignoring inflation. They say retention, who would want to employ people who can't run a company at a profit after 5 years of trying, it required many fund raises to stay afloat so just lose money and diluting the shares. The BOD should have no bonus shares, options pay rises until those that supported the company in the IPO are at the very minimum breaking even. A massive apology with clear plan to make profits is what is needed to at least offset some of the huge losses not more snouts in the trough awarded for wiping out 93% of the IPO shareholders value.

Blocking your shareholders on LinkedIn for asking reasonable questions says it all. Muck I suggest to send your question to IR and also ask why Chris Yates is so annoyed being asked a perfectly simple question he felt he had no other option except blocking you.

Just got a reply for SHED stating

"I can confirm this will be a property income distribution."

BBs are back.

58,425 Shares , Lowest Price Paid $13.91, Highest Price Paid $14.00, Average Price Paid $13.9846.

Https://www.londonstockexchange.com/news-article/DUKE/follow-on-investment-into-existing-capital-partner/17063368

Cruncher1

I sent a email to IR on Wed to ask this question but not got a reply, I have to do this on every dividend as I need it for my tax projections for the year. They usually reply in a few hours but not this time. I have suggested they publish this info either in the RNS or on their website and stated this was a good move but they have never done it.

Https://www.proactiveinvestors.co.uk/companies/news/1070827/north-sea-oil-faces-record-low-investment-as-uk-energy-tax-changes-spark-investor-caution-1070827.html

JC01

You are correct, we had Shell and BP move the SPs down to much smaller extent because of getting into ESG investments (I say investments but really just wasting money) which was meant to keep the UK government happy but it failed, they applied the EPL and then increased it. The CEOs were gone and replaced but ones reversing the ESG along with a lot that were associated with ESG, that's what should happen if you mess up, Rusty has messed up big time, an order of magnitude more than Shell and BP ESG failures. I have been saying for a time he should go and then just watch the SP go up.

On a sperate note Shell and BP been moving out of the UK bit by bit each with less than 5% in the UK now, simple if it does not work stop doing it, someone should tell Rusty.

From the last 2 days I think the message is when the SP rises it is sold into and down it goes, too much share overhang and no BBs, as I have said and other people the frozen dividend going down because of inflation put a cap on the SP, O&G investors want a good yield especially in companies as badly run as DEC has been. I think most if not all people agree that Rusty doing nothing is better for the SP than what he has been doing for the last 2 years, says it all.

Wish I had not got back in today but 13p up on the trades so not all bad news.

Looks like the filtered one is at it again, 3 empty filtered boxes, the sound of silence is great.

Got a bit of FOMO and jumped back in with the ones I sold out earlier this morning at £10,57, got the feeling something is afoot today but held back most of my trading pot as not sure, we will see soon.