Member Info for TerryM1

Well Eroxon may help Erectile Dysfunction but this BOD and SP are a complete flop, something needs to change, for me it is the BOD.

Broomtree

Not sure if there is more than 1 acquisition that came with shares but from memory one was around the mid £12 equivalent, I could be wrong but fairly certain they were below £13.

MrG123

I think you are right as whoever is selling seem to be happy to get out around $16 as it seems to keep returning to this, just above £13 which I believe is above the price that the shares were issued at. If this is the case there is a awful lot of shares to be dumped so perhaps stuck around this SP for a time, suspect if SP goes down they will stop for a time.

The premarket in DEC is very thin and unless I find some decent sizes trades I tend to ignore it, even for much larger companies it does not often reflect opening prices, been checking CCJ and NXE today and those are well off last premarket price but nothing new there.

Jim800, broomtree

As you say this keeps coming up and a simple search gives you the answer except some Broker accounts ignore the W8-BEN and charge 30% which is not easy trap to find, also HMRC tax treatment is not obvious to some people. I learnt the hard way and only found out after the first dividends in 2 different Broker accounts, IWEB and Quilter Cheviot, I have, sold out soon after and re-bought in an account which recognises W8-BEN, HL, and when time was right moved these to my SIPP which is in II and no WHT charged.

Eviking

I am not winning, my biggest loss, well done for you as you obviously bought at a lower price than me.

JC01

Taking into account dividends and trading (lowering my average price) my break even price around £14.50 but of course would have lost out against intertest I would have got if put into bank account, was getting so close but and then would start pulling out but we slid down the snake again. Fingers crossed.

Arpea

In an ISA or normal share account If you are with a broker that recognises W8-BEN you will pay 15% if not 30%, the brokers that ignore W8-BEN seem to be the ones associated with banks, i.e. IWEB, Barclays, Halifax etc.

If held normal share account you can offset your WHT against dividend tax so not more tax to pay for standard rate tax payer and less for higher rate.

In a SIP with W8-BEN no with holding tax.

Therefore if not held in a SIPP and ISA allowance used up best to hold outside of ISA and move other dividend paying shares into the ISA.

JC01

I love your opportunism and really hope you are right, DEC is my largest holding for my sins.

JC01

It is not me repeating it that is the problem it is Rusty, as soon as the SP recovers a bit then off he goes again. I would really like to see something constructive happen to the SP but we are stuck in the deja vu all over again scenario and nothing you can do no matter how constructive you are will change that. I fear unless this cycle is broken we will all stay in losses and if it was not for Trump much bigger losses. Doing the same thing over and over again and expecting different results is often cited as a definition of insanity.

Jim800

I think you understand where I am coming from.

JC01

It is not just my opinion, 7 out of the last 7 acquisitions the SP has tanked and it is almost a certainty this would be because of the IIs who don't like these.

This one thing that is different this one is much bigger with much bigger risks, we will only know the in the medium to long term if this is a success and only if Rusty stops his buying spree so we can make some sense of the accounts.

The things we do know are

The SP recovery has been stopped in it tracks.

The SP has taken a significant hit.

Dividends have been trashed and stuck at a low level for at least 3 years.

Huge increased in Debt.

Large share dilution.

This is a far more risky company than it was before this acquisition feast started.

Sorry to disagree it is not going down well, before the deal was leaked IMO, shares were £14.20 and rising was staring to get some hope of breaking even, now we are lucky if we are over £13 at close. Think this will take a long time to recover and only will if Rusty stops buying everything in sight.

Aceofaces

I am not sure it will fall that much than it already has now the bad news is out and may will rise some, except of course the usual RI rebalancing which is neutral, however not happy about the dividend reduction and low increases for at least 5 years, I will take up the RI wait for the dust to settle and then decide what to do . As I say this is no doubt the work of the Government not PNN.

For savage take little noticed, he has been spamming the CPI board with disaster scenarios, winding everyone up telling them they are making mistakes, schadenfreude, he loves to wallow in other peoples misery whether that is shares in trouble, high interest rates etc. also with bucket fulls of left wing propaganda. For CPI he he does not have shares, intention to buy shares. have interested in shorting and has no connection with them yet he post many times day after day.

Aceofaces

"Terry, with a 34% price increase until 2030, pnn will be in a better position."

As far as I can tell the 34% increase is to be spent on improving spills, water quality etc and none of it is available for shareholders, good news for the environment does not help shareholders.

The SP probably dropped because of a leaks (not water leaks) and once officially released it recovered, i.e. same as buy on rumor sell on fact but in the opposite direction.

This share has been a disaster for me paid £7.30 at the last fund raise, a significant loss of capital taking into account dividends and and now they want more cash as a reward they are dropping the dividends and fixing increases at the lowest level inflation indicator for 5 years so nowhere near keeping up in real terms. I bought this share mostly for dividends, what a mistake. This has government policy stamped all over it.

Most of my UK investments have been bad for a time, my overseas ones doing great, says it all. Will not be investing more money in the UK at present or probably for a long time to come and defiantly not in utilities but will add to overseas investments.

It was a year ago when they last raised cash from the markets at £7.30, disappointed having to do it again. hope this is the last one for a very long time.

Got to love the way they put it, re-based dividend, in plan English a dividend drop, the question is what is the drop, hopefully not 13/20 but perhaps some factor based on the RI discount. What they are saying is we want you to buy more shares and as part of the reward we dropping your dividend, also we will not be bring it back but just raise the dividend by CPHI inflation which is a lower measure of inflation, lower than RPI and well below the real inflation rate so the reduced dividend will go backwards in real terms until at least 2030.

Saying all of this I guess they have no choice and even the CPHI inflation dividend increases will be jumped upon by the left wing press. UK is a bad place to invest money.

Cardinal3

"What’s your concern with Mercuria? I’m thinking hard about investing here and while I see the issues about the govt I think it’s a stable tax regime for now."

Too much to deal with in one post and has been well dealt with when it happened.

But in short we got stitched up on one of the worse deals ever, very high price and lots of debt which only went through because it benefitted the BOD. The other deal from Kistos which the BOD rejected out of hand would have been £2.85 cash from memory + shares. We can see this in the current SP well below just the cash part of the Kistos deal. Mercuria have just under 30% of SQZ, which prevents anyone else from making a bid which also is reflected in a lower SP and now a possibility of a low ball takeover from Mercuria which given their share holding will be difficult to stop and absolutist no chance of a counter offer. The deal moved most of SQZ cash over to Mercuria and in exchange we got debt some assets and tax liabilities which we may be only to use some of.

"Keir wants us to be an AI superpower"

He is just getting confused between DeepSeek and DeepState which is what he loves.

MrBrian28

"It doesn't fill me with confidence there will be many new government contracts in the short term. Is anyone else more optimistic?"

I am certainly not confident of new government contracts, this government had discovered it has very little money left after throwing it round in all directions to their friends and supporters. Any cash they can get together will be again given to their supporters i.e. more work for civil servants or pay rises. This will cost the tax payer money as this is the least efficient way to get things done and adds to the already unsustainable public sector pensions.

"Malcy

The proud assertion that they have peer leading shareholder returns, a buy back option and are presenting all over the investment world what is a great story indeed."

He is obviously not one of us long term shareholders nursing significant loses, I can only be grateful that my peer holding are doing a hell of a lot better than DEC so at least covering my losses.

Jim800

I agree, the truth is nobody outside of the DEC inner circle knows what is going with the financials, all we see is more wells more debt and more share dilution without being able to see what it means. The 2 most depressing parts are no chance of a dividend increase to help prop up the SP and no telling what Rusty is going to do next at present he is a lose cannon doing what he wants when he wants with no strategic plan apart from buy more wells asap.