Member Info for VistaMan

Hard to argue against that Terry.

Birdsong,

Taking your example, the 15p dividend that you receive by holding through ex-dividend date is equivalent of making the shares you hold 15p cheaper. If you re-invest the dividend received you would end up with exactly the same number of shares at the same cost to you. In other words if you re-invest the dividend it makes absolutely no difference versus selling, foregoing the 15p dividend and buying back the shares 15p cheaper.

Stephens & Co initiate coverage with a SP Target of $24.

Anyone any idea how long before we hear from the takeover panel and have a date for the circular / AGM date? Over 2 months since the RNS regarding the strategic investment announced!

Ppywgda,

Assuming the sale still goes through then the delay would surely be positive for KISTOS as the effective date is January 1, 2025 and the consideration payable by Kistos should be reducing with the delay and the current high oil price.

Terry, don't think it is that. They reported 0% on February 27.

Truist Securities has initiated coverage of DEC with a BUY recommendation. Share price target of $22.

I assume we are getting paid according to this benchmark? Its at $147 per barrel today. If we are we should get a nice cash bundle on completion of the acquisition.

Citigroup maintain their buy rating and raise their target price from $15 to $17.

Invest4theLT,

This is what AI came up with :

As of March 2026, the Price-to-Earnings (P/E) ratios for royalty companies typically range from 30x to 70x for major diversified or precious metal firms, while energy-specific royalty trusts often trade at much lower valuations between 8x and 25x. Royalty companies generally command higher P/E multiples than their operating counterparts (e.g., miners or drillers) because they have higher margins, lower capital expenditure requirements, and less operational risk.

Should you not be multiplying by 1000 rather than dividing?

I see Millenium closed their short on friday, having been 0.8% previously.

Sold this morning at 0.58p, +90% in less than 3 trading days. Not often I get it right.

Looking forward to see the SP on Monday morning. Was lucky enough to invest at 0.3 on Wednesday.

Willy88,

I agree its disappointing that UK holders aren't apparently able to participate, the offering is probably already effectively closed anyway. They were offering a total of 8 million shares of which 4 million taken by executives.

If they had a rights issue on those 4 million instead we would have had a right to an additional 3.5% of our current holding.

Our "reward" is the removal of the funding issue and the rise in SP on the back of it.

Vista

Shareoursuccess,

personally I don't have any concern. They tried to get a Direct Offering away at a higher price and was unsuccessful. (that would have minimised dilution for shareholders, at least they tried) Now they have put their hands in their own pockets and coughed up $5 million of the total $8 million raised at a relatively modest discount of ~14% to yesterdays closing price. And the market seems to like the fact that short term funding issues have been addressed!

I wish a lot of Chairmen / CEOs of other companies I am invested in would perform similarly when funds are required to be raised.

Vista

Asp1, where did you get the info that the 3 shorts have been closed out?

Looking at the short positions on LSE they still show 2.05, 1.12 and 0.58. Did you read the change column perhaps?

Analyst stateside, Johnson Rice, upgraded DEC today and raises SP target from $19 to $23.

Sorry, title should be DEC.

Replace asterisks with

research

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com

https://*********************/newsfeed/article/diversified-energy-completes-canvas-energy-acquisition-3080636

5.97% coupon on the accompanying abs note.