Member Info for TerryM1

Https://www.insidermonkey.com/blog/diversified-energy-company-plc-dec-among-stocks-with-potential-to-explode-in-2025-1490712/

Just bought back those I sold last week for £10.06 as around 20p less than NY close. Just a small amount and looking for quick trade if I get lucky but will hold if things change.

If held in a SIPP and W-8BEN then no WHT, if outside SIPP, i.e. ISA or trading account and W-8BEN 15%, no W-8BEN 30%.

However be warned some brokers ignore W-8BEN like IWEB, mostly they are the banks or ones owned by banks.

Dickupham

Well put, not only did SQZ pay loads of cash for Tailwind debt it also bought a pile of clapped out junk in the bargain. Mercuria not only took all the cash, loaded SQZ with debt and left a load of worn out equipment/junk which keeps breaking down causing larger losses which they got very well paid for. Also with the size of the holding taking away any chance of a take over unless it is them which will only happen a knock down price.

I was also one of shareholders that voted against the Tailwind deal and really wanted the Kistos one to succeed, we would have got £2.85 cash per share and some Kistos shares as well, Fleeg is no more than a crook fleecing the shareholders for his own gain.

Broomtree

Glad you agree with me when I have been calling them the comedy BBs.

No Deal

UK's Energean terminates Carlyle deal

https://finance.yahoo.com/news/uks-energean-terminates-carlyle-deal-071059454.html

Trek

Bought some LMP a while ago and increase my holding when they took over LXI, good steady REIT.

Also take a look at SREI has done well for me never went down much when interest rates went up as their debt is long term and fixed at a low price, SP a bit high now but may get some dips. However probably a bit too small to be taken out.

BBOX looks good as going into data centres which have a higher rent that warehouses, perhaps one for the long term.

GG and Mr ARO will have crawled back in the woodwork as soon as the SP start to rise they are only here for schadenfreude, if they had the courage of their convictions they would have shorted DEC but too frightened.

Trek

Not sure about the luck as you seem to be able to keep repeating this or perhaps you should play the lottery.

The shares I bought a week ago for short to medium trading and to replace the ones I sold out at £13 just as the Maverick deal announced are up 16%. so behind yours but still very pleased. I also did not expect such a large quick rise but think an number of people holding off until the report just in case there was something nasty there. Again I posted all of these trades as I made them. We are getting a bit of luck since shares bottomed out, lets hope it continues.

Wayzgoose

It was close to break even just before the Maverick deal but by trading I have brought my break even price down by around 60p so just perhaps I will get there but been around 1 1/2 years since last at break even. Must admit I am not a natural trader much more of an investor and missed many opportunities but making profit on the trades and that's all that counts.

Just traded out of my last buy at £10.61, only a small punt but got 6% profit in a day, would have left it longer but this money was not meant to be for DEC trading as too much in already but could not resist. May buy back in tomorrow if price drops in UK which it seem to quite a lot.

Only a small profit compared to the losses but every bit helps

Werock

How are you getting the the Numerco price I still get error 404?

US$64.50/lb U3O8 Daily Change $+0.76, +1.18%

At last a rise hope this will continue, been held back for too long.

Broomtree

You are correct my last set of 3 buys (5 buys in all) are in profit and hope to make good money out of these trades but the sad fact is I have huge losses on the shares I bought in £1.60 - £1.80 range reduced of course by the great dividends we used to get. Almost sold the last buy today (just a short term punt) but was a bit late and priced dropped, will hold while LSE price below NY closing or just wait for NY to open. My average price for these trades is £9.27.

Even with these and 8 other times bought and sold (all at a profit) DEC is by far the biggest loss I have ever had in 40 years of share ownership. It makes up around 11% of my portfolio and has wiped out half the gains from the rest, this includes profits from my DEC trades and dividends.

The sad fact it is in my SIPP so I don't pay US WHT but I don't get any CGT relief from the loses, it has decimated my SIPP and at some point in the not too distant future will want to borrow against a lot of my shares assets for a mortgage when I relocate abroad. The reason is some countries have capital gains tax on all houses offset by interest paid and in these countries I will pay no tax on dividends. Also using REITs ITs and other high yielding shares can get around 8% dividend income and pay around 4% mortgage interest. While DEC is not stopping this it is affecting the amount I can borrow. I do not buy these are only paper losses until you sell, they are real to me.

I would not complain if this was caused by external factors or general market conditions but this is a self inflicted wound by the DEC BOD who have shown utter contempt for the shareholders. IMO the SP should be around double what it is now without these shenanigans.

"At least it's not a boring investment but one for the brave looking for a long term gain"

Bur instead we get long term losses.

Asp1, Serendipidity thanks

So the the 81m shares is correct, this is what I made it but conflicting info HL etc and so many times new shares created recently was making me unsure of this figure.

Welcome Trek, you have joined me in another one of investments.

Asp1

Good analysis, not certain I agree with it but some good points and as you say good to see alternative views.

For the Maverick deal it may have been fine if they had not messed up the finances but after they were unable to borrow more cash had to have an emergency fire sale of shares I am not certain it adds much value given the cost. Also left DEC BOD with egg on their faces and makes future deals more difficult/expensive, who would want DEC shares as part of a deal when previous companies who did this saw the value of these shares plummet and DEC now must have a bad reputation with issuing more debt.

“The current share price puts DEC market cap at ~1,1B, “

Where did you get this figure, I have been trying to find this out, HL have it at 603m and as far as I can tell there are 81m shares in issue (from previous RNSs) which disagrees with HL’s market cap.

Good point on the BBs, looks like running down UK shares probably for a move to just a NY listing which is probably a good thing, UK markets in decline, perhaps terminal decline.

Savage Keyboard is a deramper predicting gloom, he will appear if SP drops and crawl back in the woodwork if it rises. He has been doing the same on the CPI board in spades and getting a lot of flak from genuine shareholders who he loves to wind up if SP falls and keeps predicting gloom and doom. He is new to shares and knows very little.

He does not own, want too own and too scared short CPI, PNN, he is a sad individual who gets off on schadenfreude posting from the bedroom in his parents house. He even took a day off work to post when CPI published annual report so he could gloat to shareholders if bad in a share he has no interested in.

“The maximum number of Shares repurchased shall not exceed 4,756,842 SharesThe total consideration of Shares repurchased under the Program shall not exceed an aggregate market value of £52.3 million.”

Let see if they are going to buy back more than a fraction of the allocation not the comedy BBs of last year, don’t hold your breath

“The purpose of the Program is to reduce the issued share capital of the Company.”

On the same day they announced they are giving themselves more free shares, add in the huge amounts recently created as part of the deals and ones for the fire sale after they messed up the finance for the Maverick deal.