Member Info for TerryM1

JC01

I mostly agree but the acquisitions have been far more than the market likes but the shorters do, we do need acquisitions to replenish the gas extracted and for some growth but it should not be at the cost of trashing the dividends, taking debt to huge levels, diluting shares, encouraging shorting and trashing the SP. There needs to be some regard for overall return to existing shareholders not a strategy to buy as many wells as you can with total disregard to total shareholder returns.

As has been stated there is no solid proof that this has caused the SP to drop but it has happened after the last 5 acquisitions like clockwork. See post below from yesterday

"Natural gas up over 10% but DEC down 3% in US trading…"

I do not know what the DEC SP was when gas was last at these levels but from memory in £1.10 - £1.20 old money so around £22 to £24 now. The things that happened since then is that Democrats investigation into DEC stopped, Biden’s ban on more gas exports to be halted, pro O&G president Trump in office soon, less gas produced in US now as result of companies going bankrupt/cutting back. Since all of these are +ve the SP should be higher except the other factors which are Rusty's huge acquisitions, Rusty's lying (no change to dividends, nothing changed), trashed dividend, large increase on high interest long term fixed price debt, share dilution, promised BBs yet to happen and the new shares in the hands of companies who either want to (as already happened) or in future may want to dump these on the market.

For me 10 years is too long, been holding DEC for over 3 years now and as I am retired and DEC is in my SIPP would like to get to at least break even (ignoring inflation) in a reasonable time, I do not intend to hold DEC in perpetuity in the hope one day I will get my money back, I invest to make money not to help build a large gas empire which causes me losses.

JC01

I am convinced that the fundamentals of DEC are good so I am reluctant to sell out while in loss but I am not sure we will ever see this reflected in the SP because as soon as there is more FCF and the SP starts to recover Rusty will buy more wells either adding to the debt or cancelling debut reduction along with share dilution if there is not enough cash. The trick seem to be sell after no buys for a time as the SP rises and buy back in after the inevitable buy, 4 now in less than a year.

Gate13Boy

"25% of Labour voters regret electing them now"

Yep, and under Labours logic we should have another election now, remember second vote on EU because we did not get what we were promised. Only dropped as this would not helped Labour get elected. Lies dame lies and liebour.

LeeRex

Total agree, you can add in every time Labour increases public workers pay it increases the size of the of each of public workers pension adding to cost to tax payers.

There is an argument that civil servants did not get much of a pay rise for a time, this is a myth, if you look at the average cost of a civil servant it has gone up far more than the so called small pay rises, the civil servants pay has increased by promoting them to higher grades to do the same job thus again adding to pension cost for the tax payer.

Gate13Boy

This is part of the growth Laboured promised us. Growth in the decline rate of the economy, growth in borrowing, growth in taxes, growth in spending, growth in debt, growth in interest repayments, growth in illegal immigration, growth in hotel costs for illegal immigration, growth in cronyism, growth in inflation, growth in freebies to Labour MPs and their bank account and friends bank accounts like Sue Gray and family.

Primetime51

"Can not see were the Better is going to happen"

The better will come when they get kicked out at the next election after the total mess Labour made is sorted but will take a long time. Also the better will be that Labour will not get elected for a very long time in the future. Starmer and Victoria will have to pay for their own cloths, glasses and accommodation etc , win win.

Of course this could all change if they rig the voting system as they are planning, encourage more legal and illegal immigration and give everyone who applies UK citizenship, giving votes to 16s (12 year olds next) and millions of non UK citizens, also helped by election fraud, postal votes no id etc which they do nothing about. Or they could just cancel elections as they are with local elections.

Shandypants2

"So it's the labour govt's fault that UK borrowings are now c100% of annual GDP is it?"

This is a combined effort from Tony Blairs Labour, the last Conservatives and the current government. Under the Thacker/Major government borrowing was being repaid and the debt was heading to zero.

However it should be noted that the current Labour government steeply accelerated the borrowing due to excessive pay rises to train driver and public workers, ESG spending and throwing money around abroad wherever Starmer or Lammy goes, they are even trying to give huge amount to the Mauritius so with can give away the Chagos Islands to them, you could not make it it. If they want to give me the Isle of White I will take it for half the price, in Labours books that would go down as a saving. All of this while crashing the UK economy so less money coming in to pay the taxes to fund the interest of the increased debt.

LochinvarLass

"TerryM are you saying come 20th Jan there will be a bump?"

No I am saying the bump has already happened, we may get some more help but that depends on what policies come out.

JC01

I agree that the US listing is a good thing and helped the SP and something I defiantly approve of, in fact I would be glad if/when London listed is dropped as or me it should not be an issue as I hold these in a SIPP where I hold other US shares and in general moving my investments outside of the UK. However the downside is this will cause problems for those who hold these shares in an ISA.

Not points scoring but just based on the reaction of the SP every time this happens, as stated this company is not the same not the same company I invested in and want to get out with the kicking I now have.

At London close SP down 2.23%, HH up +9.69% for me it says it all.

"if Rusty hadn’t the SP would have been in significantly worse shape than it is today and hopefully much better this year."

No, SP would be in worse shape if Biden re-elected, the SP rise along with a lot of the HH rise is to do with Trump.

As of now DEC SP down 0,93%, HH up +6.80%, not proof but a good indication on the view of the market.

There is no proof that this was leaked but time and time again DEC SP falls just before acquisition announced, coincidence or correlation.

Jim800

I would accept it if I bought the shares after strategy changed or there was a vote, or perhaps Rusty had not repeatedly said nothing has changed, dividends was safe etc. All I want is DEC SP to go up to a price where I can get out without taking a kicking.

The SP may be up a bit now but gas is up 9.48% and without this acquisition I believe the SP would not have dropped so much on Friday afternoon (this was no doubt leaked) and SP could easily be £14.50 now.

As I stated given everything else that is happening the SP would go a lot higher if Rusty could keep his figures of the buy button and perhaps do what he promised to cut dare and dare I say after all that is what he told us.

SD235

"even if you are telling the truth and I don't believe you are, you have known for sometime what the stratergy is."

Frankly my dear I do not give a dame, if you chose to insult someone that reflects on you, it cost nothing to be civil.

For clarity I bought the shares before the change of strategy and had not had vote on it.

The likely cause of the big drop which started on Friday is this acquisition was leaked as SP was trending heavily upwards (as happened before with aqucitsions).

If you are so keen to respond please explain why after this acquisition (as well as all the others) the SP drops today while HH up, why this is good for shareholders, would be great to have an explanation for us stupid ones as these acquisitions have cost me a lot of money.

Broomtree

I accept that DEC will need to make acquisitions as Gas reserves drop but this has taken this to new levels, not just replacement or normal expansion but a huge push to buy as much as possible causing huge debts, trashing the dividend and share dilution along with cancelling promised BBs.

SD235

If I am so stupid and you are so clever please tell me why the SP drops every time Rusty spends more money on wells, by you logic the market must be stupid alone with the many investors who sell out when this happens. You can include the ones who sold out on the previous aquisrions and watched the price drop from their selling price to low 800p.

SD235

"DEC modus operandi is clearly expansionary and has been for sometime. If you are to stupid to grasp that then you shouldn't be investing in the stockmarket never mind DEC."

I am so stupid that I have been very successfully investing in the stock market with large sums for over 35 years and so stupid I worked in good positions for top investment banks for a lot of my life and only left to retire. My investment in DEC is well into 6 figures and losses in DEC are easily covered by profits from other shares and you think I am stupid.

In terms of DEC I bought into a company paying 3 times more dividend than it does now, the dividend was cut because of a major change of strategy, remember 40% FCF was allocated for dividends and was told this was not changing. This all changed without a vote. This is what I grasp, the question is can you grasp it.

As I feared Rusty hit the buy button again and down goes the SP, normal service has been resumed.

Less debt reduction and no cash for special dividend.

If you want to look at Labour compared to the Conservatives you have

A convicted fraudster in the cabinet which Keir Starmer was told about.

An MP who assaults a constituent with a sucker punch and repeatedly punches him while on the ground.

Starmer and Victoria sponger taking more freebies than another MPs.

Everyone of them are pathological lairs, evident from pre-election promises made solely to gain power and money from being elected.

Angela Rayner who left school with more children than O levels.

There are many thinks I could add but too long for these posts.

StickyToffeePudd

"Terry, I doubt very much starmer will sell out Gibraltar"

This has already started, Since Labour cam to power Spain is getting more aggressive with it's claims and no support back from Labour in fact Labour seemed to approve, they are trying to get hold of the airport or at least half shares in it, then they wanted armed police on the ground in the airport. Also put huge delays on the border into Spain which only stopped when Gibraltar reciprocated as huge protests in La Linea because Spanish people could not get into Gibraltar to work. There is no confidence Labour would not sell out a lot of Gibraltar's to game favour with the EU as is born out by what is happening and Labours response.

As you say property prices are very expensive but only 20% of UKs proper tax i.e. Council tax and no Capital gains on up to 5 properties. Good heath service, very low tax, very low crime, great weather.

StickyToffeePudd

Investigated Portugal and went to take a look in the Algarve, tax good, house prices cheap and plenty of free cash to pay for heath care and seems a good place to live.

Top if the list is Gibraltar for many reason but a bit concerned Lammy/Starmer will sell out a lot of their rights to appease EU, second is Dubai but get some small properties elsewhere like Spain/Greece to live a lot of the year, Portugal 3rd and also looking at Andorra, Malta, Cayman islands, Saint Kitts and Nevis and a few more.