Another day another big buyback 1,120,000 this time
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I see the ex div date is 30th November so bought a few today. Free trade has an ex div date in Feb 24 though?
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Think it only shows a few so itās been pushed off the screen only showing the newer dates
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Not normally a problem but DEC declares well in advance
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Thanks @Henners21 I had a sneaky suspicion that was what it was. 
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Hey all Iām completely bamboozled here. Does anyone know why this share is dropping so aggressively in value? Have they issued a profit warning? Has the company declared bankruptcy?
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Over the longer time (past year) the share price reduction can possibly be blamed on intuitional investors like m&g selling due to environmental reasons the present drop is people selling to get out before the share consolidation possibly.
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I think that they are moving over to America stock market and that they have announced that for every 20 shares you have they will be giving you one share in its place if you have below 20 shares you will no longer own shares and the money value will be credited to your account, This could possibly be around $7 to $8 dollars a share in value by next week and the dividend will drop as the number of shares will be reduced,
I had over a thousand shares in this by next week that be reduced to 50 shares.
Iām thinking it should be around $16-$20 a share and iām not expecting the dividend yield to change. Unless they decide to lower the dividend (which would be a big shafting to all current shareholders) the dividend yield should only change as the share price goes up.
Then again, iām rubbish at predictions as virtually every thing i think will come to passā¦ doesnāt.
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20 pound a share 
The last ex dividend date was the 30th November. Itās not unusual for Share Prices to drop on that day, which it looks like it did.
There doesnāt appear to be any logic in the present share price. As the company has stated they have no idea why price has fallen.
Everything points to this being an astonishing bargain.
There is always a problem with their hedging as it will give a false impression of their profits.
Supposedly (according to them,) if the hedge is below the market price itās counted as a loss. The difference is counted as loss.
Also the reason for the 20 for 1 is that if a share falls below $1 the New York stock exchange can suspend/delist it.
So if hedged at $50 and the market price turns out to be $75 then the $25 is a loss,?
Thatās what they said in a podcast.
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Bought Ā£1,000 worth.
When they are this cheap you should sell everything and put all your money into themā¦ ridiculous statement because I have no idea why they have fallen and it appears the management havenāt either.
It could be there are a lot of stupid people who believe that you will somehow be worse off by the 1 for 20 share exchange and they are selling.
Highly unlikely.
By opening on the New York stock exchange that should automatically increase demand. US companies return a lot via buybacks less via dividends compared to UK companies)
The market can be very illogical at times but this appears to be taking it to extremes.
May buy some more if I can build up some courage!
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Iām with you guys on this one. I have been piling into DEC, unfortunately Iām out of capital but if I had the funds i would buy more. On paper Iām making huge losses however it should recover.
The only thing I can think of is debt maybe? I think FTSE is overly pessimistic when it comes to SP so any slight change in results in huge drops in value.
Just had a look at the trades record all buys at the moment.
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4 December 2023
Diversified Energy Company PLC
(āDiversifiedā or the āCompanyā)
Result of General Meeting
Diversified Energy Company PLC (LSE: DEC) is pleased to announce that the resolutions put to the shareholders at the General Meeting held earlier today were overwhelmingly passed by the shareholders, further demonstrating confidence in the Companyās strategic plan to expand its US investor base and to move forward with the US Listing of the Ordinary Shares on the New York Stock Exchange.
Having actively engaged with many shareholders ahead of the General Meeting and throughout the year, the Board would like to thank the Companyās shareholders for their input and continued support. The Board currently anticipates that the US Listing will become effective later in December 2023.
The total votes were cast as follows:
Resolution
For
559,870,186
99.63%
Against
2,064,761
0.37%
Withheld
1
Authority to consolidate the Existing Shares
The same percentages
Note DEC has been on the US market well before it listed on the UK market. It was listed on one of the over the counter markets.
Obviously not the same as the New York stock exchange.
Presently showing
āThis stock cannot be traded at the momentā
On both freetrade and Hargreaves.
So share consolidation is happening today/tomorrow?
Annoying as I havenāt got the correct multiple. Short 14 shares for a new share.
Yeah share consolidation is tomorrow
Like everyone else Iām perplexed by the movement in this shareā¦ and in particular the high consolidations rate of 20.
Having seen the TUI consolidation not delivering the expected outcome then Iām not convinced this will be a good start for current investors with higher average holding share pricing but hopeful it will be dragged up by the US investors
I guess the pressure will be on reducing the dividends by the US investors in order to drive share growth and inward investment.
Ordering a crystal ball on Amazon for Xmas 
New York stock exchange can delist a company if their share price falls below 1$
So a consolidation was necessary.
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