Member Info for TerryM1

Been increasing my position in ENOG today, probably should should have got in few days ago but as it is trending up decided to jump now. Hope it does not rise much this week as would like to add more with next years ISA allowance. IMO these are very undervalued at this price.

Started adding to ENOG with my free cash and any money coming out of DEC or cash from takeovers dividends will head there unless things change.

I have now sent another message to IR asking why my previous 4 message have been ignored, not expecting a reply but making a point to IR. Also an ignored message to broker.

JC01

"Who knows if it will ever re-rate. Not if Hutson keeps diluting it won’t "

Looks very unlikely as Hutson has built a war chest of $440m which is almost certainly earmarked for acquisitions, why else take out 9.75% debt to end up with a large cash pile which is far more that required for running the company, dividends etc. However I doubt if he will be satisfied with this so will look to add extra debt which will be approaching or above 10% and probably new shares but I am not certain many companies will accept these unless they are well paid (over the odds in cash) or these shares are very cheap. Any deals which are cash only are likely to reduce the SP to some extent, if financed in part with more debt expect a SP to go down a lot (DEC far too heavily indebted now) and if shares are added expect SP to crash.

If only we could get a period of stability so we can at least make sense of the accounts I am fairly certain we will see a good rise in the SP, if a prolonged period we could see £22 or more (where it was before all the shenanigans started) as DEC is in at least a good if not better position now as it was then except dilution. Even just waiting for SP to recover would help if new shares to be issued but alas Hutson buying addiction is far too strong and like all addicts there is no sense to it.

IMO best to try and trade out if/when it goes up and get back in on next acquisition, rinse and repeat, after all this would have worked for the last 8 acquisitions.

After the discussion of number of DEC shares which we thought was around 81m seems this was close.

From an announcement on 31/3/25

The company has 80,832,961 ordinary shares in issue, each with one vote

Thronegames

That's what he does for entertainment, we have come to expect it, he once call me a Rac**t POS, it was great as it proved my point about GG. I know it is best to ignore him but just too tempting sometimes when he talks c**p and mentions you by name.

He will go away as SP rises and only return if it falls, from what I understand some time ago he lost money on DEC selling out in a panic after a fall in the SP and has been trying to take it out on anyone who owns DEC shares.

Stevo12

In really hope you are right but I had the vein hope SQZ would move away from the UK as they said they were looking for opportunities abroad but seem to be doing their usual thing of doubling down while saying the opposite. Most of the successfully O&G companies are leaving or left the UK, if there is any chance we can do well here I fear this government will just come and take it away, fool me once shame on you, fool me twice shame on me. For me the best part of SQZ was the dividends but look what has just happened.

As a general principle I am moving my investments out of the UK and so far is proving the right choice which is what I believe SQZ should be doing especially as they are O&G which is the No 1 target on this government's list and that will unfortunately not change.

Mommur

"Bit harsh Terry"

Maybe but this all comes from the results, grim reading, went through them and the only good thing I could see is debt reduction.

I have been around long enough that I do not take too much notice of what the CEO says, house brokers along with DFS tells me a need a new sofa but concentrate on the P&L and Balance sheet. In a fairly decent environment except some additional tax which can be off set against tax losses (or so they tell us) dividend dropped 28%. Add in inflation to this and all the figures in the report and situation is even worse. Does not give a good feeling about the BOD and looks to me Mercuria sold us an even bigger a pup than it looked at the time and that was really bad.

The good news is that SP has risen (from a very low level) either because the market thought results would be worse or perhaps all the bad news is out of the way but these results do not put us in a good position for the merger.

Greygeorge

Looks like you are trolling me, I know how you got to £5000, you extrapolated that from a trade I made a time ago from prices and profit and assumed all my trades were at that level.

I can tell you that I am doing well with most of my investments and you are just finding a few not doing so well which is where I have been posting. If you followed a bit closer you would have seen I have just pick up a big windfall on HEIT, AGR and SRT is flying, BCPT, API and others at little while back along with my DEC trades. I mentioned these here and Trek gave you some good tips but you are so obsessed with DEC and trolling people like myself you never get a chance to check them out and make some money. Anyway that's all I am going to say to you for now.

Probably due to the Trading and Operational Update

Recurring cash revenue up just £0.1m for Q2 FY25 and Q3 FY25 and Duke expects to achieve recurring cash revenue* of £6.5 million in Q4 FY25 so flat.

What is there to like in the results

Production Down

Operating costs Up

Capital expenditure Up

FCF down and negative

Cash Down

Shareholder Returns Down

Total Equity Down

Sales revenue Down

Cost of sales Up

Gross profit Down

Operating profits Down

Profit before taxation Down

Profit for the year Down

Earnings per ordinary share Down

Decommissioning spend Up

Net cash flow from investing activities Down

Net cash flow from financing activities Down

And worst of all Dividends Down

But good presentation so after all this the best part is SQZ can talk a good game.

As SP going up looks like market was expecting worse and who can blame them with this lot in charge.

Trisor

"And by the way Labour has completely killed business here so dont blame Trump . Policies were already in place well before Trump was in power"

Correct, if you look at the figures UK businesses were in trouble and already being killed before Trump came to office after Rachel from complaints budget crashed the economy, still why bother with facts when you have Trump derangement syndrome to blame everything on. I do not here local businessmen complain Trump has smashed their business but I do hear them complain and are very worried about the tax rises and more regulation forcing them to cut back, also some are talking about packing it all in and leaving the UK.

The left will blame everyone but themselves for the mess they created; today we see EU inflation 2.2% heading for 2%, interest rate cuts expected. EU looking forward to inflation on target and lower interest rates UK looking forward to tax rises, higher inflation, high interest rates, higher government spending on gilt interest, social security payments, train drivers (going on strike again), government workers, migrants etc with rubbish piling up in the streets of Birmingham caused by left wing council and lower growth. It’s all Trumps fault but EU seems to be getting away with it. Well done Rachel, Keir and all those who helped get labour in power, could not have messed it up worse if you tried.

Also after Savage_KeyboardR consistently trashing CPI after his expert analysis (in his mind) he now thinks 15.5p weak buy but of course does nothing, won't buy, won't short but keeps posting.

Jim800

I would not call it "stupidly" could easily have worked out, we play the odds and sometimes it goes the wrong way but we just need to get more right than we get wrong, you have to be in it to win it. Anyway fairly certain the 1047 buy will give good returns in the not too distant future.

I was tempted at the time but decided to wait until started trending up, would not hit the bottom but wanted a bit more confidence before jumping in (let the trend be your friend) so my longer term trades which I still hold are around £9. Trek at the time called it right again. Well done for your trades added together a nice profit. However like me still down overall including dividends, my break even including dividends and trades is £13.81, still a long way off but closer than it would have been without the trades.

Will not post my trades at present, I only did it as I got fed up with some posters criticism and smug attitude so challenged them to post trades as they make them to see if they will back up there comments (which they did not) so felt duty bound to do the same. Also generally don't post amounts but too tempting to call out GG, however have no problems with doing this. I think a lot of us are around the some size of trades/investment/losses which is interesting in itself, you are not alone.

Greygeorge

It took just a few minutes of my time to check the SP and make the trades, I decide to buy in when LSE SP 10p+ below closing NY price and sell if either LSE price above NY when NY closed or at some point late in the day if NY up so I can rinse repeat tomorrow with same cash if right conditions. Takes soo little time.

Why not try to get back into profit, not an obsession but a long term plan, don't buy shares to lose money, you should try it and you may just lose the bitterness and your obsession with DEC, a company where you have no shares, do not want to buy shares and don't short but keep posting about when SP drops but keep quite when SP rises.

"I don't understand why people here are bickering over 5% swings to be honest."

Because that is all we are getting now.

Been in this company so long will need huge swings to make much difference but I live in hope as that is all there has been for CPI for a very long time.

"It seems like some here are more interested in day trading and quick gains than holding longer term judging from the comments."

Something I have not done with this company but seems the best move and the only ones making money, I tend to trade either US stocks where no Stamp Duty and small spreads or UK listed stocks without stamp duty.

JC01

Interesting, HL do not have anything for yesterday but checked with LSE and RNS as you say 12,000, thanks for the info if I relied on HL would have missed this.

DARKBLUE

"it just shows what a **** show the uk market is and if your"

Not just the UK market but the whole of the UK which is why my new investments are going outside of the UK.

Jim800

The liquidity they have now as a result of borrowing more cash is $440m far too much for BBs and future FCF will cover dividends many times, also $440m will cover many years of dividends and can't see DEC doing this amount of derivative trading so looks like acquisitions, would prefer they paid off some debt. Also no BBs yesterday when they could have got a cheaper price than on some of the BBs made recently.

The buy you hade in the £10.40's looks like it is coming good.

Savage_KeyboardR

"I don't short trade as I've not built up enough experience yet - it really is as simple as that"

You are so convinced CPI SP will keep going down you bang on about it endlessly won't short it so why waste your time on CPI move on look at other companies.

How's your PNN SP prediction going, you said "411p will end up looking a very pricey SP in a few months time", below £4.00, then next stop £3.70, also below £2.64. You told someone "by all means crack on with buying - PNN will continue to drop for a long while" he has made over 15% in a few weeks, good job he did not take your advice. SP now £4.50.

Greygeorge

Lot more than £5000, second trade in 2 working days and total now 11 trades in DEC all made money well into 5 figures now all in my SIPP so no tax, depending on the how things are going some a hold for as time some I sell out this one sold out as I am looking to get back in this morning if SP goes down. If SP goes down I will trade and hopefully make money, if it goes up my investments part of DEC will increase so covering both bases.

Better than being all bitter and spending you time criticising others for making money while you just look on, don't suppose you took up my tip on SRT, up around 34% in a few weeks.