Diversified Energy Company


I recall Diversified Energy Company PLC being recommended, unfortunately I didn't invest.

It's up 1,775% today, is that real? It looks like an ok share to me, is it still ok as an investment?




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  • eskbanker
    eskbanker Posts: 29,898
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    Freakish numbers like that usually send me to other data sources to try to find out what's happened, and it all looks rather different at, say, https://markets.ft.com/data/equities/tearsheet/summary?s=DEC:LSE
  • wmb194
    wmb194 Posts: 3,116
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    edited 5 December 2023 at 7:13PM

    I recall Diversified Energy Company PLC being recommended, unfortunately I didn't invest.

    It's up 1,775% today, is that real? It looks like an ok share to me, is it still ok as an investment?

    No, there's been a 1 for 20 share split. So it's gone from being c.60p per share to one worth c.£13. It was to do with preparing for an additional US listing,

    "Due to NYSE requirements, prior to the US Listing taking place, the Company will effect a consolidation of the Company's existing ordinary share capital at a ratio of one new ordinary share of nominal value of £0.20 each for every twenty existing ordinary shares of nominal value of £0.01 each (the "Consolidation")."

    https://www.investegate.co.uk/announcement/rns/diversified-energy-company--dec/general-meeting-notice-publication-of-circular/7884454

    On the investment side, no, not really. The market hates it but of you're feeling brave you can always bet against the market. It does continue to pay a big dividend but it attracts US withholding tax and when you buy the shares you have to pay UK 0.5% stamp duty, so the worst of both worlds.
  • sevenhills
    sevenhills Posts: 5,798
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    wmb194 said:
    No, there's been a 1 for 20 share split. So it's gone from being c.60p per share to one worth c.£13. It was to do with preparing for an additional US listing,
    I thought it might something like that, I looked on HL and Google and they both displayed the share in the same way, but in reality, they havn't increased in price. 
  • wmb194
    wmb194 Posts: 3,116
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    wmb194 said:
    No, there's been a 1 for 20 share split. So it's gone from being c.60p per share to one worth c.£13. It was to do with preparing for an additional US listing,
    I thought it might something like that, I looked on HL and Google and they both displayed the share in the same way, but in reality, they havn't increased in price. 
    A better website like TradingView knows all about it - note the orange 's' - and is displaying both the price correctly and has adjusted historical prices. I guess the others will get around to it.




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