Member Info for TerryM1

Why can't we send Savage_KeyboardR to Ukraine where he can bore the Russians to death.

He has more interest in Ukraine than CPI which he never owned does not want to buy or short.

"their ace card - that being the US troops on the ground in Ukraine"

The US are not that stupid, you have to look to a third rate useless corrupt liar like Starmer for that, knowing him he will send an Army Marching band over for support, it is about all we can spare.

Germany will no doubt will eventually find a few more used helmets and perhaps some Catapults if lucky.

Looks like Peac0ck is a rude word on this website. Haha

the best way to describe is that trump lives in the real world while our the lefties and lefty politicians live in a world that they thing should exits but of course never will or can.

he is winning on all fronts, just yesterday biggest chip maker in the world to invest more than $100bn in us to avoid tariffs. european countries now set to pick up far more of the costs of ukraine war, spend much more on defence. starmer, lammy hate trump but crawlingly to him offering gifts of visits to royal family, not insulting him now are they.

i only wish starmer would but britain first instead of the rest of the world, we would be a lot better off but at least he has got a respite from the problems he created here as he struts like a pea**** in front of european leaders promising money and weapons we have not got to ukraine.

good luck to zelenskyy, with the duplicitous stamer and rest of useless european leaders behind him promising everything what can possibly go wrong.

The timing is terrible all Uranium companies/miners SPs in freefall, CCJ down over 6%, NXE nearly 10%, some others over 10%.

NXE almost 50% down and CCJ around 33% down in just over 3 months, something has really spooked the Uranium market.

HH 4.144, up +8.09%, DEC US 12.56 down 5.63% today, expect sub £10 open in UK tomorrow.

JC01

As far as joint brokers Peel Hunt, Tennyson and Stifel along with Oakbloke and Macy they can pump this as much as they like and it will make not a jot of difference all trust in Rusty has gone. The only thing to save the SP for now is for Rusty at the very least to say no more purchases for the foreseeable future or even better to resign. Unsurprisingly still no replies from emails to IR at DEC and Tennyson, all they care about is they got then cash from the fund raise and Rusty got to buy more wells to add to his collection, shareholders don't count for anything at all at DEC.

Loskins

"I'd be delighted to have an average of 12p."

As in the X files "you are not alone", fortunately got in a lot lower at 25p but topped up a lot on the last fund raise at 9.75p, so far this company is a money pit and nothing more than a life style choice for the BOD. I feel duped by the BOD. If the next report does not show some profit or profits imminent I dread to think what will happen to the SP, the market and a lot of the shareholders are fed up with jam tomorrow reports, the time has gone for "we are doing very well and expanding and by the way we are still losing money but don't worry it will all be fine".

Https://www.proactiveinvestors.co.uk/companies/news/1067119/diversified-energy-company-seals-asset-acquisition-from-summit-1067119.html

Well looks like we have our very own DEC comedian.

“Brad Gray, DEC finance director, today commented: “This strategic refinance improves asset level cash flow with higher hedge prices and a more refined amortization schedule.”

“Our increasing operational scale, track record of stable asset performance, and strength of our business enable us to attract RELIABLE SOURCES OF CAPITAL and achieve a lower overall cost of capital.”

Perhaps this genius can explain issuing shares at a higher dividend that the ABS notes achieves a lower cost of capital.

““This outcome is a testament to how the financial markets value Diversified's reliable production and consistent cash flows."

The Financial markets value DEC so highly it was forced to do a panic fire sale of DEC shares then, or was this all in the plan to cause huge losses to Shareholders, Underwriters and those who took DEC shares in previous deals, genius.

“Chief executive Rusty Hutson, meanwhile, added: "We are excited to announce the completion of another acquisition of high-quality, bolt-on assets that are uniquely positioned to benefit from the operational expertise of our field teams, capture higher prices with exposure to premium Transco Zone 5 pricing, and are poised to provide additional revenues from the sale of incremental environmental credits with our growth in the production of coal mine methane".

So Rusty trashing the SP, loading up with huge amounts of long term high priced fixed rate debt and diluting the SP makes it all worthwhile.

“London, analysts at stockbroker Stifel in a note commented that the Summit deal was a strategic acquisition that looked good at the time, "but it's now looking even better following the pick-up in US gas prices."

So the house broker paid for by DEC thinks it’s great (ans so does Rusty‘s mum), someone should tell them HH is 3.8 now, perhaps they should keep up with the financial news a bit more.

“Stifel also repeated is 2,027p per share net asset valuation, which compares to a market price of 1,060p.”

No doubt but have they asked themselves why! Could it be something to do with Rusty’s shenanigans, trashing the dividends, placing huge debts on the company, lies from Rusty, share dilution and the fact no one outside of DEC has any idea what they are going to next.

JC01

Don’t know what to make of this RNS except of course Oakbloke thinks it’s great (who’d have thought it), why does he not start a Trusty Rusty fan club and then he could rename the sub stack the Trusty Rusty Fanzine.

“The market so impressed with the today’s RNS’s that the SP has done sweet FA and is currently lower in the US.”

The problem that we have is any strength in the SP will be quickly sold into by the underwriters, the companies which got shares as part of deals and many shareholders who have had enough of Rusty’s shenanigans, must admit was temped if I could get in below £10.50 like Jim but would happy sell out with say a 15p+ profit and not keen on buying on Friday as I don’t want to hold the trade over a weekend, too much can happen, also calling the bottom on this dog will not be easy.

As Jim says

“In the ABS X set up they managed to raise $530 million ish with the arrangement being 5 times oversubscribed by lenders! So why was the additional equity raise required???”#”

That is a very good question I am sure one Rusty will not answer. Something is going on behind the scenes, pressure from banks, creditors, who knows or perhaps Rusty is getting more finance ready for another one of his cunning deals, one thing we do know us shareholders will be well and truly kept in the dark as he runs this company like his own thiefdom.

Jim800

Well done missed the low this morning as I slept in due to having flu.

Have to admit it is a brave man trading DEC (longer term should be OK) at present but as said "fortune favours the brave".

Well if the way Rusty has played this latest finance is Genius would had to see the state of the SP if it was just run of the mill.

From Oakbloke

"Plus a 40% cash flow benefit through slower amortisation means the flashing red cliff edge I’d previously pointed out is averted (as was expected)"

So slower amortisation means the loans will be higher for longer at high fixed rates as we enter into a lower interest rate environment, genius or just plan panic given the flashing red cliff edge which has been created by Rusty.

Trenners

As I say we can but hope but until I see some solid evidence this company stops losing money I will not get too excited, after all

"It Is the Hope that Kills You"

JG68

I agree if there was likely to be good news it would have leaked and SP rising by now.

AimMaster2018

"@terryM. At 13p. And doing cost cuts of £250m. And debts at low levels probably in the history of the company. Would u agree risk reward is good imho."

We can but hope but history has taught us this share never fails to disappoint, perhaps "This time next year we will be millionaires".

Jun_man

Welcome to the wonderful wacky world of DEC where shareholders, underwriters, the companies who took shares as part of deals are all losing large sums of money for no good reason.

"Whoever advised on the acquisition should be getting fired."

Not sure much advice was asked for or listen to, done to satisfy Trusty Rusty's insatiable urge to buy more wells and make him the new JR at any cost. We are dealing with an addiction and Rusty is the addict and as happens he does just not harm himself but all of us around him, we need an activist shareholder to put a stop to this madness.

AimMaster2018

"I'd be surprised if we don't see 20+"

How many times we have seen posts like this, too many to count. We live in hope and as time goes by we will see if AH can do the job, I think he can but what do I know,

Sorry should be

unnecessary dividend cut

The real question for me is why Jupiter, Ameriprise and other IIs do not take action to end the destruction of shareholder value cause by the Rusty's recent shenanigans. After all they have a duty to their investors and yet they sit and do nothing as the SP tanks. It is not as thought you could not see this coming, last 8 aqucitsions 8 times SP tanks and then of course there is the unnecessary dividend, share dilution ending up with he fire sale of DEC shares which has now even burnt the underwriters and left a huge overhand of shares they have to dump on the market along with all the shares issued as part of the deals.

I have still not heard back from my email to IR at DEC, shows what they thing of us.

Trenners

“I appreciate that the RI also cost the shareholders a lot of money (in hindsight) but at least, by keeping the business afloat, the shareholders didn't lose their entire shirt and there is still hope that CPI can be returned to it's former glory ....”

We lost a lot more, not just our entire shirt, as I stated if you took up a reasonable part of the RI (does not need to be anywhere near all) you would have laid out far more cash than your entire holding is worth now, good money after bad comes to mind.

“JL could hardly go out into the market and see CPI is a sinking ship, I wish I hadn't taken up th challenge, you'd be mad to buy this steaming ****.”

Why not, sometimes you have to be honest, it is part of your job, lying is not part of a CEO’s remit, but defiantly not to knowing fleece the shareholders which he did in spades. The situation is simple if JL believed CPI was in such a terrible state JL should have been honest with the shareholders, we pay his salary and if he wilfully lied and asked the shareholders for cash knowing they would loss almost all of it this is a serious dereliction of duty. If he did not know and CPI was in a terrible state it was he is incompetent and should not have be paid the huge salary, if CPI was not in a terrible state then JL drove CPI into that state and again did not deserve his huge salary. There is no other way to look at this, the blame is cleanly at JLs door.

“JL stopped the Titanic from sinking”

By sinking half the fleet.

“I think the JL strategy of selling off the businesses to reduce debt and doing a RI was correct. COVID slower this down a bit but it was still correct.”

Covid was a huge opportunity for outsources, JL did nothing except use it as an excuse for poor performance while other made a fortune.

“Once the debt had been paid down then a cost cutting exercise could ensue and JL did announce a cost cutting program towards the end of his tenure.”

The cost cutting should have started aggressively on day 1 and should have been by far the highest priority, only an idiot would not see this.

“I know ....I know ... The cost cutting was nowhere near aggressive enough and that's obvious now ... but hindsight is a wonderful wonderful thing ...”

It is not hindsight, JL had all the figure so he knew it was not working and the cost cutting was nowhere near enough. To quote Basil Fawlty “specialist subject - the bl**ding obvious” comes to mind.

Trenners

"@Culley - at risk of being killed by friendly fire - if JL had not issued the RI and sold businesses to reduce debt then we would have gone bust.

I understand @Terrys point about shareholders being better off if the business had not done the RI and gone bust but - to be fair - we hired JL to save the business and not drive it into the wall!"

There is a saying that "your first loss is your best loss" and in CPIs case very true, JL had a duty of care to shareholders which he wilfully ignored and dump us with huge losses, he was not hired to save the business at any cost, one of his main duties is to protect shareholders, if not the CEO then who.

"The clean up by JL has enabled AH to execute the turn around and AH could not have done that without the previous work of JL."

The clean up by JL was minor and did very little all he did was sell off the family silver to keep the company going and his rather nice salary coming in, he had assess to all the figures so would have been easy to see his plans were not working and more drastic measures are were call for but he chose to do nothing except lie constantly, excuse after excuse, he knew he was not up to the job but carried on dragging the company and shareholders into the gutter.

"It's been a long wait"

Longer than either of the 2 world wars and we are still a way off, says it all.

They need to keep these placing going otherwise the BOD would not be able to maintain the lifestyle they have become accustomed to.

I bought a relatively small amount Jul 2021 in the placing then and so far I have lost 94% of my investment, this company is a money pit and I will not put a single penny more into this money losing machine. The only thing it is good for are capital losses to use against my gains very important with this government.