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Jim, the lack of rns suggesting no BB, with good volume and decent price rise is an impressive show of confidence from the general market. Looks like the market has found its floor, thankfully it's my entry point

Although in the past at 12 an rns is sometimes released.

Always looking for a silver lining MG, better then being depressed all the time i suppose.

Glad the sp held today.

Since the share dump occurred DEC have bought back 1.1 million shares roughly which again roughly equatesto 12.5million dollars, its quite a significant amount and cash flow could be why the BBs have stopped.

I just hope in 6 months time or whenever this occurs again DEC just bites the bullet and BB all the shares directly and cancels them. This would a significant impact cash per share generated metric and will likely make the company look more attractive and reduced dividend burden.

$13.4 at close today.

It's going to be painful tomorrow

I just hope we can maintain the price about £10, as that's my average entry point here.

With the level of BB it begs the question why didn't these shares just get purchased and cancelled, it's seems we are doing the same thing just the longer way round with significant negative impact on sp

Terry looks like you were right,

Still alot more shares being dumped, I assumed the reduced volumes and slowly creeping up of the sp signaled the end but it seems not.

Just hope the BB continue to support.

You are probably right Terry, I am baseing it mainly on reduced level of BB and generally lower market volumes

Looks like the market has digested the 2nd offering, BB have reduced significantly and the price is stable/slightly up trending.

JC your right in 6 months we would likely be in a similar position with EIG look to offload more stocks, I only disagree with you on why they are offloading (I simple dont know but suspect they necessarily wanted the stocks and just want the cash). A strong argument could be made that next time this happens it might be a much better use of free cash to just buy up and cancel these shares, as it would certainly look good on multiple metrics of share price to earning ratios ect but also have the added effect of boosting sp rather then hammering it.

Looking forward to upcoming divi next week, might reinvest in pantheon if anyone is following that, I feel current share price is offering a good opening.

Wayz,

I agree BB as good at this price point, I just hope DEC can sustain this as they are currently spending something in the region of 1.15millon dollars a day.

I didn't quite understand where they funded the 750k thought it was them directly.

Dec still doing more deals so likely cash being used here ... and I suspect we'll hear about more deals in coming weeks months. They are in a huge growth phase atm and still have alot of the carlye funding to go

Some good points Terry.

I suspect dec bought as much as the can afford at the time 750k, and the remaining BB are being funded by day to day cash generation.

Also if they used the full amount amount the allowed themselves to use at the start of the year, then if another short attack or new seller comes in they won't be able to protect themselves with further BB.

Honestly I think the maverick people offloading a load of shares in one go, is probably better then drip feeding it and holding the sp back longer term.

For now enjoy divis and once high enough sell

Took me a while to realise what's happening, initially thought DEC was issuing more shares but looks like people from the maverick deal want to sell a large chunk of shares so have gone to the market.

I suspect they have greater need for cash then shares and have factored in the divi they have received as well. Still not a good look selling for less then they bought for.

Ideally DEC would of had the free cash to just buy the lot, would of had a significantly better impact on the SP.

My summary news is bad but not that as bad as I first thought

Me too, I was just hoping for some more information about how the new partnership with carlyle actually works, hopefully so more details will be coming out soon

Wow, looks like good news with the new acquisition, the market has taken really well to it with a 5+% share prince increase. I am not wondering if that preceeding drop had anything todo with some leaked news ?

I haven't been able to find out the financial details of this deal outside of 3.5mill shares being issued as part of it and carlye supporting the finances. I would ideally want to know how carlye are financing this deal, how much dec have to pay them in interest, who owns what percentage ect. Details seem a little scarce at present.

This information is useful as it would give indication of how future deals would work, and it looks like we have atleast 1.5 billion worth of deals to go with carlye

Another drop today.

I initially thought this could be due to ex divi drop and American having a different date, but it shouldn't haven't continued on today. I know September is generally a bad month for stocks, but does anyone know of any other headwinds causing this ?

The ex divi drop today has not been so bad, it's one of the few occasions where the divi payment is higher then the drop. Hope it holds for the rest of the day.

Interesting read.

It does show how manageable ARO is for DEC provided they can ramp up nxtlvl team.

I am not sure what is accounting for the share price increase, volumes are decent.

Isit the dust finally settling and people beginning to appreciate the h2 report.

Isit as this report suggests the AROs are being actively addressed by the company and no longer the hanging ball and chain over the company.

Isit the seller has finally ran out of shares.

I suspect a mixture of the above, just hope it's not short lived and continues into the coming weeks

I wouldn't say beautiful but definitely better then a drop.

I'm still hoping for some more appreciation in the sp. I don't think the upcoming divi date will change much, restarting the BB would, the company’s own evaluation suggests it's below market rate so a good time to BB.

Not sure if this has anything todo with the recent board changes, people do move on for lots of reasons and she wasn't in an especially key sector. Also following the merger you are bound to have duplication of roles so inevitably some positions become no longer needed.

I think this is all due to huge volume of shares that have been pumped into the market, those that received shares instead of cash clearly didn't want it and are slowly releasing selling. Until they are done I don't think we would have any meaningful appreciation

Down again today, all the momentum from the excellent results has been ebbed away, feels like we are stuck in the range for a while to come.

It's all on relatively low volumes.

The BB program needs to continue either at a higher price range, or without specific price range and more based on daily averages (what other stocks do)

The article puts things in perspective which is generally positive.

Am I the only one that was hoping for more of an uplift from the results. I appreciate the 6%rise but seems to have stuttered, I was fully expecting momentum to continue the rest of the week. Looks like the reputation damage is deeper then I thought