UnbeatableHire.com

Reaper

Funkemonkee said:

If you check your facts, you will see that the company currently has 200+ vehicles on its books and has been in business since 2001. There is no risk associated with investing with them, so if you happen to be lucky enough to be able to invest with them, I would highly recommend doing so. In fact, a number of investors go for more than one vehicle.

What could possibly go wrong? Well it turns out motorhomes being used as security were:
* Sold to more than one investor
* Sold off for cash and the money pocketed without telling the investor or passing on the money to them.
* Missing. Some written off as "stolen" even though the police were not notified, or supposedly lost in one of two warehouse fires.

https://www.bbc.co.uk/news/business-55546940

John464

not looking good: https://forums.outandaboutlive.co.uk/forums/Motorhomes/Motorhome-Matters/Rip-Off-Motorhome-company/58098/ 

Chillse

Reaper said:

Funkemonkee said:

If you check your facts, you will see that the company currently has 200+ vehicles on its books and has been in business since 2001. There is no risk associated with investing with them, so if you happen to be lucky enough to be able to invest with them, I would highly recommend doing so. In fact, a number of investors go for more than one vehicle.

What could possibly go wrong? Well it turns out motorhomes being used as security were:
* Sold to more than one investor
* Sold off for cash and the money pocketed without telling the investor or passing on the money to them.
* Missing. Some written off as "stolen" even though the police were not notified, or supposedly lost in one of two warehouse fires.

The circuit is very complex.

Steve182

bsms1147 said:

You invest £35,000. They supposedly rent out motorhomes. They pay you £300 a month straight to your bank account. After 3 years you get your £35,000 back.

~10% PA return.

Almost certainly a scam (related to Motorholmes?), but has anyone got further information to back that up.

There is actually a FTSE250 company consistently paying around that rate of annual return (10%) in divis, who's share price is quite stable, not currently depressed, so you really are likely to get your money back, with some risk of course, as with all equity investments.

For my £33,600 investment I get £800 in dividends every 3 months, tax free in a SIPP.

Not sure where you calculated 3 years from though, I make it around 7 years payback at 10% PA with dividends reinvested.

Ash_Pole

Steve182 said:

bsms1147 said:

You invest £35,000. They supposedly rent out motorhomes. They pay you £300 a month straight to your bank account. After 3 years you get your £35,000 back.

~10% PA return.

Almost certainly a scam (related to Motorholmes?), but has anyone got further information to back that up.

There is actually a FTSE250 company consistently paying that rate of annual return (10%) in divis who's share price is quite stable and not depressed, so you really are likely to get your money back, with some risk of course, as with all equity investments.

OMG NAME THEM!!!

Steve182

Ash_Pole said:

Steve182 said:

bsms1147 said:

You invest £35,000. They supposedly rent out motorhomes. They pay you £300 a month straight to your bank account. After 3 years you get your £35,000 back.

~10% PA return.

Almost certainly a scam (related to Motorholmes?), but has anyone got further information to back that up.

There is actually a FTSE250 company consistently paying that rate of annual return (10%) in divis who's share price is quite stable and not depressed, so you really are likely to get your money back, with some risk of course, as with all equity investments.

OMG NAME THEM!!!

DGOC.
UK listed US gas producer who's business model is basically buying second hand gas wells with up to 50 years remaining life and operating them more efficiently than the previous owner. Currently they operate around 7500 wells.
High debt company but well run I think.

Be aware there is 15% withholding tax on divis if held outside a SIPP

Malthusian

Steve182 said:

There is actually a FTSE250 company consistently paying around that rate of annual return (10%) in divis, who's share price is quite stable, not currently depressed, so you really are likely to get your money back, with some risk of course, as with all equity investments.

You have no idea what you'll get back. The market consensus is that there is a good chance you'll get less than your initial stake, otherwise it wouldn't be trading at 10% yield.

Of course it might also return more than your stake, nobody knows. The bit we do know is that it is incorrect to say "you are likely to get your money back".

Plus the original post you quoted was from seven years ago, so to be truly comparable, you'll need to show us what you were recommending in 2014 that paid a 10% yield and has since returned original capital.

wmb194

Steve182 said:

Ash_Pole said:

Steve182 said:

bsms1147 said:

You invest £35,000. They supposedly rent out motorhomes. They pay you £300 a month straight to your bank account. After 3 years you get your £35,000 back.

~10% PA return.

Almost certainly a scam (related to Motorholmes?), but has anyone got further information to back that up.

There is actually a FTSE250 company consistently paying that rate of annual return (10%) in divis who's share price is quite stable and not depressed, so you really are likely to get your money back, with some risk of course, as with all equity investments.

OMG NAME THEM!!!

DGOC.
UK listed US gas producer who's business model is basically buying second hand gas wells with up to 50 years remaining life and operating them more efficiently than the previous owner. Currently they operate around 7500 wells.
High debt company but well run I think.

Be aware there is 15% withholding tax on divis if held outside a SIPP

Today It changed its name to Diversified Energy Company PLC and it has a new ticker, DEC.

https://www.investegate.co.uk/diversified-gas---38-oil--dgoc-/rns/change-of-corporate-name/202105061627398327X/

Steve182

Malthusian said:

Steve182 said:

There is actually a FTSE250 company consistently paying around that rate of annual return (10%) in divis, who's share price is quite stable, not currently depressed, so you really are likely to get your money back, with some risk of course, as with all equity investments.

You have no idea what you'll get back. The market consensus is that there is a good chance you'll get less than your initial stake, otherwise it wouldn't be trading at 10% yield.

Of course it might also return more than your stake, nobody knows. The bit we do know is that it is incorrect to say "you are likely to get your money back".

Plus the original post you quoted was from seven years ago, so to be truly comparable, you'll need to show us what you were recommending in 2014 that paid a 10% yield and has since returned original capital.

Firstly, I'm unsure what 2014 has to do with it?

Did you analyse the share before making your reply?  I think not.

There are a number of reasons why the yield is 10%. I don't think they are justified.  Certainly I think the shares are significantly undervalued for no reason connected with the company.

According to one popular share analysis website (which I hasten to add I take with a pinch of salt, and have only read today, a full 15 months after first investing) - 

Trading at 53.4% below our estimate of its fair value

Earnings are forecast to grow 54.11% per year

It's a matter of opinion of course, but I think it is fair to say that "you are likely to get your money back".

Have you done due diligence?  I certainly have, sufficiently to give me confidence to invest the thick end of £40K 

The company is growing and now has a partnership providing access to $1bn investment capital from Oaktree, so clearly someone expects to get their $1bn money back.....

I could be very wrong of course, but I'd be happy to put my neck on the line and resurrect this thread in 7 years, regardless of the outcome, and eat humble pie if necessary..

It did indeed change it's name today to Diversified Energy Company

Perhaps the previous name, including dirty words such as "gas" and "oil"  were part of the reason why the share was unpopular and the yield so high.

Also, over 70% is owned by institutional investors -

8.08% Standard Life Aberdeen plc

7.67% M&G Investment Management Limited

7.09% AXA Investment Managers S.A.

5.66% Pelham Capital Ltd

5.06% BlackRock, Inc.

4.22% J O Hambro Capital Management Limited

3.83% Schroder Investment Management Limited

3.16% GLG Partners, Inc.

3.11% Stifel Asset Management Corp.

2.99% Santander Asset Management, S.A., S.G.I.I.C.

2.96% Robert Hutson

2.86% Chelverton Asset Management Limited

2.83% Premier Fund Managers Limited

2.64% River and Mercantile Asset Management LLP

2.46% Hargreave Hale Limited, Asset Management Arm

1.71% Legal & General Investment Management Limited

1.71% Mirae Asset Global Investments Co., Ltd

1.62% Barclays Bank PLC, Securities Investments

1.61% Morgan Stanley, Investment Banking and Brokerage Investments

1.41% The Vanguard Group, Inc.

1.37% Fidelity International Ltd

1.32% Aegon Asset Management UK Plc

Can they all be expecting to get less than their money back?

KevinSteele

It’s interesting to revisit Diversified Energy Company (DEC) three years after such a heated discussion. Based on the current situation, things don’t seem to be going very well, and apparently the concerns raised back then have proven to be valid. The year 2024 has been particularly challenging for the company. Recently, I’ve been trying to incorporate insider transactions into my decision-making process, using tools like prismo.pro. Interestingly, DEC.L isn’t even listed there.

It would be great to hear others’ perspectives. What are your thoughts on this development?