Member Info for TerryM1

"Tariff regulations include Rules of Origin / Substantial Transformation / Country of Export vs. Country of Origin to block people avoiding tariffs by just shipping via a third country."

So a company has in storage 1m LBS of Uranium to be used in Europe, it buys 1m LBS of Uranium from Canada sends the stored 1m LBS of Uranium to US and sends the Canadian 1m LBS to Europe, no tariffs rules broken. Or to put it another way Candia supplies the rest of the world except US, US gets supplies from countries where there are no tariffs.

The market seems to think Canadian Uranium worth the same as before tariffs as CCJ and NXE SP have been rising sharply, this could be because market thinks tariffs will not be applied but either way world wide Uranium prices holding up without a lower value being put on Canadian sourced Uranium. Therefore tariffs or threat of tariffs having no effect on Uranium prices.

JC01

"Today is the reality the rest is hypothetical wishful thinking."

Not really it is based on following the SP and odds, we can see that after the last 7 acquisitions the SP has dropped

every time, the chance of this be not being caused by the acquisitions is very low, about 1 in 128, not 100% proof but statistically very significant.

"Nobody buys shares to lose money but sadly they can do hence the risk of investing and the financial warnings."

This is of course the case but are there financial warning that BOD will pursue a policy that loses shareholder money and keeps repeating it without asking for a vote (although this time we will get one as they can get away with this as it is much larger). As the BOD are paid by me to protect and grow my investment it makes me very unhappy with them.

JC01

Time will tell if this new acquisition is worth it, but I am still of the belief that if there were far fewer acquisitions, debt and more cash spent on dividends and BB the SP would be far north of where it is now and would not have suffered the short attack or shares which were part of the acquisitions being dumped on the market. Just take a look at where DEC was when HH was last at these prices. You can then add on the Trump premium, NY listing and a number of competitors either bankrupt or cut back we could/should be £1.10 - £1.20 or perhaps more old money and better dividend, a very long way from here.

It is not a good place to be when a good result for a lot of people (including me) is breaking even and this is at best still a way into the future, this is on Rusty's, I don't buy shares to lose money.

ShaunBTM

If outside ISA or SIPP then there is 20% with holding tax and nothing else to pay for standard rate tax payer.

Https://www.marketbeat.com/instant-alerts/diversified-energy-nysedec-shares-gap-up-heres-why-2025-02-03/

Https://seekingalpha.com/article/4754413-diversified-energy-stock-on-a-solid-growth-trajectory-following-acquisitions

Behind Paywall and this is all I can get

• I am raising my rating to buy for Diversified Energy Company due to strategic acquisitions poised to boost profitability and operational capacity.

• DEC's Q3 2024 revenue grew 10.83% YoY to $239.05 million, with a 12.68% increase in adjusted EBITDA and a 32% TTM free cash flow yield.

• The acquisition of Maverick Natural Resources will expand DEC's presence in the Anadarko and Permian Basins, potentially increasing revenue by 95% and free cash flow by 55%.

• Despite a 5% YoY revenue decline in Q3 2024, DEC's debt reduction and continued dividend payments underscore its robust financial strategy and long-term value creation.

SimonSkafar

Shares of natural gas and oil wells operator, Diversified Energy Company (OTCQX:DEC) have risen 35.08% (YoY) ahead of its earnings date on March 25, 2025. I will discuss why I am raising my rating to buy following strategic acquisitions by the

"Any rough ideas on what Pennon shares might trade at after rights issue on 18 Feb?"

Bit like asking what the lottery number are for next draw, if I knew I would make enough money to live in luxury for the rest of my life. All things being equal which they never are they may well be up a little in the weeks following the end of the RI as shares sold are digested by the market also tracker funds will need to adjust to the new place in the indexes. But we could also be hit with Ofwat or dare I say it a emergency tax raising budget to plug the new black hole in public finances or helped by a bigger than expected drop in interest rates or good news on the economy.

MDEEBEE

This does not make much sense, you take up as many rights as you like up to maximum allocated, if any left you have 2 choices, sell them yourself or let them lapse, as I said the normal procedure for lapse rights is they are sold in the market after RI closes and funds returned to shareholder. Again as I say I have not checked this because I am taking up my full rights but you need to go thought the RNSs for the RI which you can find at

https://www.londonstockexchange.com/stock/PNN/pennon-group-plc/company-page

to see what the arrangements are, probably buried somewhere in the small print. I would be very surprised if you lose the lapse rights, this is not normally the case but DYOR.

Roofer61

I take your point, usually lapse rights are sold in the market with funds returned to shareholder and if cannot be sold are taken up by the underwriters, there are some cases where you can apply for more than your allotted number of shares but I am not sure this a standard rights issue, more of a rights and placing. However I did not see the action for lapse rights in the RNS but did not look too hard as I am taking up my rights.

Roofer61

"can I apply to buy more shares than I'm entitled to in rights issue, worth a try I guess , can only be rejected in option 2"

Will be rejected otherwise there would need to be more shares created to cover your extra purchase and all other shareholders would suffer a very small dilution.

Hussain1

This is correct, the ex rights date is 3 Feb, you got the pre rights price, if you sold ex rights you would have got a lower price which takes into account value of the rights. It is a bit confusing as in the RNS timetable I posted emailer today it sates

"Record Date for entitlements under the Rights Issue Close of business on 28 January 2025"

Not sure what this means but might be to do with calculation of total number of shares eligible for rights so total number of new shares created. But this is not the date used for individual shareholders otherwise you would get the pre rights price for selling and the rights and the new holder would paid pre rights price and not get the rights.

I sold out in trading account on 31 Jan and bought in ISA got and paid pre rights price and now how the rights in my ISA as it should be.

MDEEBEE

Not sure where the 7 Feb comes from.

From RNS these are the dates

"Record Date for entitlements under the Rights Issue

Close of business on 28 January 2025

Existing Ordinary Shares marked "ex-dividend" in respect of 2024 Interim Dividend

30 January 2025

Despatch of Prospectus and relevant Provisional Allotment Letter(s) (to Qualifying Non-CREST Shareholders, Qualifying CSN Shareholders and Qualifying WaterShare+ Shareholders only)

31 January 2025

Existing Ordinary Shares marked "ex-rights" by the London Stock Exchange

8:00 a.m. on 3 February 2025

Admission of New Ordinary Shares, and admission of and commencement of dealings in, Nil Paid Rights on a multi-lateral trading facility on the London Stock Exchange; start of subscription period

8:00 a.m. on 3 February 2025

Latest time and date for acceptance and payment in full of PINK and BLUE Provisional Allotment Letters (in the case of Qualifying CSN Shareholders and Qualifying WaterShare+ Shareholders only)

11:00 a.m. on 13 February 2025

Latest time and date for acceptance, payment in full (in the case of Qualifying CREST Shareholders and Qualifying Non-CREST Shareholders only) and, in the case of Qualifying Non-CREST Shareholders, registration of renunciation of WHITE Provisional Allotment Letters

11:00 a.m. on 17 February 2025

Expected date of announcement of the results of the Rights Issue through a Regulatory Information Service

By 8:00 a.m. on 18 February 2025

Dealings in New Ordinary Shares (fully paid) commence on the London Stock Exchange

8:00 a.m. on 18 February 2025"

You will find the last time to take up the rights is different depending on the broker for IWEB the 11th so not the 13th in the RNS as they take 2 days to process the request.

If you sell you will get dealing charges and lose on the spread but you can chose when you wish to sell top hopefully get a good price, or if not taking up the rights you can let them lapse and you get the price they are sold in the market without dealing costs after offer closes, this is normal practice however you will need to check if this what will happen here (go through the RNSs, contact PNN investor services) or you can check with your broker.

As I say it is up to you and no one can tell what is best or going to happen but owning shares is a risk and you should/must DYOR.

One thing we do know is that Trump significantly lifted the SP of DEC, and given us a much brighter future without him we would be talking about AROs and have the 2 de-rampers all over this board. Also with all the gloom and doom put about about the stock market crash because of the tariffs the Dow was only down a tiny amount yesterday, 0.28%, you could say it effected Europe and UK more but that is a sign of the weak governments in the countries putting every one else ahead of their own people and economy.

"It'll make what's in Canada worth less, and everywhere else worth more.

Simple as that I'd expect."

Can't see how it could work like that, Canadian company sells Uranium to company in AN Other Country, AN Other Country has no tariffs with US, company in AN Other Country US then sells this Uranium or other Uranium it has in storage to US, I can see how this can apply to gas coming over in a pipeline but not to gold, Uranium etc.

MDEEBEE

"Is the Rights Issue a good investment if I can afford to buy the Rights Issue shares"

Bit like asking will these lottery number be good for this weeks draw, nobody knows and if they did they will make millions in buying or shorting the shares. It depends on may factors but simple put will the SP rise of fall, will government cause problems for PNN, will there be a lot of spills, cost to pay etc, where will interest rate go as these are a factor. DYOR as it your money, you can get broker recommendations and target prices etc but these tend not to be very accurate otherwise we would all be make money following these. Also consider if you do not understand an investment and what to do should you be in it and that can go for all shares so perhaps better off in a bank or a fund manged by someone else.

Although I will take up the rights then decide in general I am moving my investments out of the UK for obvious reasons, IMO the UK is too high tax levels, high regulation anti investment, anti success polices of government.

Broomtree

That explains the HH rise today and hopefully DEC will swim against the tide taking NY stocks lower today.

HH up 8.84% today may have something to do with the rise.

Also not sure if the tariffs will help DEC i.e. are there tariffs on NG coming in from Canada, will take a time for dust to settle on these issues.

Hoping NY can at least hold onto the gains when it opens.

MDEEBEE

It all depends on the future SP and dividends, since none of us have a crystal ball it is up to each person to make up their own minds.

You have 3 choices, sell the rights yourself at a price you think is good, let the rights lapse and they will be sold in market and you get the funds or take up the rights. There is also the option to tail swallow i.e. sell enough rights to cover taking up the rest and so end up in a neutral position. You can add in any tax implications on the sale i.e. capital gain/lose which is obviously depends on your circumstances.

This is what I am going to do, not advice, I will take up all the rights as usually the market is depress around the RI time as a lot of shares are sold, I will wait for the dust to settle and then decide what to do.

The most important thing to do if you own shares is do your own research and decide for yourself, after all it is your money. Best advice from the Eagles "We may lose and we may win, but we will never be here again".

Guitarsolo

"I think you need to get a grip! Now you’re holding Reeves responsible for INPP’s low share price (presumably because you think she is responsible for higher-for-longer interest rates"

Of course she is responsible for higher interest rates, EU rate now 2.75% and also holding inflation up with huge spending mostly on her friends who finance the Labour Party and massive additional taxation to pay for it in a country already over taxed. Just look what she has done to Gilts. You can say US rates are high but their economy is growing fast and can handle it.

True all high income ITs, REITs etc were down before she came to office, I should know I own quite a few, some were recovering a little but they down lot more now, not so long ago INPP was £1.30 when RR in office. Even you have to some extent admitted to part of the inflation issue i.e. NI, it is not just me saying this but many other people, all I read or hear is good quality shares ITs, REITs are down because of the high interest/Gilt rates caused by RR. If you want to see some really angry people take a look at the SQZ and other NS O&G shareholders, the SPs have collapsed, just look at the comments about her on their boards, far worse than anything I said.

The only bright point for me is that I have been buying a lot of ITs/REITs which are being wound down, assets sold and cash being returned to shareholders because of the huge discounts to NAV, perhaps the only thing she has done which turns a good profit is the liquidation of good companies but sad to see these go. Also I am moving my investments out of this country bit by bit and so far it is proving to be a very good move.

This is the last I am going to say about this but you need to wake up and smell the coffee, it is not a good place to be or invest in at present.

Guitarsolo

"But the truth is you are only making that demeaning comment because she is a woman. The workplace has moved on."

Could not be more wrong, I am making this comment because she is useless and well out of her depth, lied to get this job and was so useless was asked to leave both BOE and HBOS. You need to look at the facts, what she has done to the UK economy and why so many rich/qualified people and companies are leaving the UK that is the truth, flat lining economy (at best), high inflation, tax increases no hope of growth but most likely more taxes. You can use politically correct speak to attack those who tell the truth as so many do in the hope the facts get ignored but will never alter the facts and the truth.

Also the truth is the drop in the INPP SP is mostly down to her as it is with so many other companies ITs, REITs because of her higher interest rates for longer and crashing the economy policies.