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SQZ Serica Energy Plc

185.60

3.50 (1.92%)

03 May 2024 - Closed

Delayed by 15 minutes

Serica Energy Investors - SQZ

Share Name	Share Symbol	Market	Stock Type
Serica Energy Plc	SQZ	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	3.50	1.92%	185.60	16:35:15

Open Price	Low Price	High Price	Close Price	Previous Close
182.20	181.30	187.20	185.60	182.10

more quote information »

Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 02/5/2024 12:32 by weemonkey George Soros used to say, contrary to the popular take that the "market is always right", that the market was always wrong. And that shares are always too cheap or too expensive. this makes sense to me otherwise prices would be a lot more static than they are. What investors have to do is decide "what kind of wrong" they are dealing with. At the moment market action is telling us that the price is too high for this stock and that the downtrend is correct and that there is something investors have missed. The fundamentals seem to say price is wrong and that this is selling far too cheaply. which is right? We will see. Read Full Thread Reply
Posted at 02/5/2024 09:15 by undervaluedassets On 17/04/19 Serica announced final results for 2018 with pre tax profits of 25.2 million dollars (dollars mark you). The share price was £1.40 on that day Pre-tax profits for the full year a few days ago were £305 million and the share price is now £1.80 "Yeah, but the UK tax situation".. Yeah, I know, I get it. But even after the ridiculous taxes of £202 million 2023 profits are £103 million.. 400% more than the profit in 2018 But the share price has moved a paltry 30% since that time. (NTAV has also gone from £131 million to £635 million over the period) The word "Undervalued" does not adequately cover the situation here. I would suggest that if British investors do not appreciate what they have; then, as seems to be the trend with UK market, it will be taken from them by grateful foreign hands. And once again UK investors will get a few pieces of silver and foreign hands will get the value that the UK's collective indifference and idiocy has created. You don't know what you got till it's gone. Read Full Thread Reply
Posted at 30/4/2024 14:00 by mrscruff I don't think the the dividend should be maintained as I think it comes from the days when SQZ had too much money. I would like them to cut the dividend by a third placing the company in an extremely strong position instead of one where the future of the dividend depends on oil staying at these levels. Investors would expect a fall in share price but I would think reaction would be positive. Read Full Thread Reply
Posted at 25/4/2024 10:58 by undervaluedassets I dunno... my thinking here is simple.. This floated at a £1 in 2005 (hugely speculative and arguably overvalued then) It is now £2 having turned itself into a serious oil and gas producer .. and given extraordinary growth to date, it is now, IMHO hugely undervalued. That is my simple take on everything here. I watched the results presentation and it is clearly management's intention to keep on growing. meanwhile, we have a near 12% yield to enjoy. Price should be a multiple of what it is. And I think investors will work this one out. Read Full Thread Reply
Posted at 24/4/2024 19:19 by bountyhunter The offer from Kist was rejected in July 2022. It's pretty obvious from the chart I posted which company has underperformed the most since then. Granted AA has a good track record however increasing gas exposure wouldn't have panned out well here imho. Returning the SQZ cash pile to investors would have been my preference as I said at the time (rather than either deal). Read Full Thread Reply
Posted at 24/4/2024 12:17 by bountyhunter SERICA ENERGY PLC will shortly be holding the meeting Investor Presentation at 2:00pm. Can't make to to prior commitment but hopefully someone here can. investormeetcompany.com Read Full Thread Reply
Posted at 14/3/2024 17:32 by mrscruff Investors need to accept the loony tax is forever and move on. All negative sentiment eventually gets factored into a share price and then the share price can move forward as the revenue after tax is still very strong. We also need to move on from the high priced Tailwind acquisition that is now at today SQZ share price more than factored in! A better Chief Executive Officer will be announced at any point would help to change sentiment and drive us forward. I can see any new CEO changing the direction of SQZ and the share price react positively. This combined with the gas price bottoming should change sentiment and I look forward to 2024 where this looks like a recovery play. As investors we need to think 3+ months ahead. Read Full Thread Reply
Posted at 06/3/2024 21:52 by oilinvestoral Stemis : "I didn't say in any of my posts in this discussion whether this was a good or bad acquisition. That's a matter for opinion. But let's at least use the right numbers. No way did SQZ pay ?20/boe"------------Dear Stemis First of all pologies for the late response I was busy dealing with multiple oil & gas projects over the past few days. So, ADVFN had to take a back seat!While true you didn't mention in the very RECENT posts that it was a "good acquisition". It would be more than disingenuous to pretend that you haven't been one of the biggest advocates of the ill fated Tailwind acquisition on this BB! Regarding valuation: it's easy to choose any future date & change the denomator in order to kid yourself & reduce the per bbl figure as you've clearly demonstrated. Like I said, if you wait until 2026, you can probably make you Calc closer to $5/bbl! Unfortunately, the acquisition was negotiated & agreed in 2022. Choosing a random 2P Reserve date in 2023, 24 or 26 to fudge the dollars per 2P bbl figure ain't it my friend!I'm not the only one who based on the announcement numbers and the certified reserves at the time calculates around $20/bbl for 2P!Raper Capital who are run by a very experienced investor and extremely wealthy individual have stated the following regarding the acquisition: I quote : "The total consideration for the Proposed Combination represents a multiple of ~$20/barrel of 2P reserves"! I would tend to agree with a calculation performed by a revered investor such as Jeremy rather than an unemployed Pugnacious accountant called NigelPM! Raper Capital also state:"this transaction immediately and irrevocably destroys at least 300mm GBP of extant shareholder value."! Well would you Adam & Eve it!!! The market cap has fallen by more than £300 million since he wrote this!!!! It's as if he can almost tell the future! May be he has a crystal ball ? Guffaw!!! Or may be he is just a prudent, articulate, experienced, intelligent investor who actually knows what he is doing ?! Since you like analogies here is a good one from Jeremy : "It is as if management, in possession of a pan and desiring an omelet, proceeded to exchange a Rolex for a carton of eggs, only to then claim, 'Well, we did need the eggs.'"! I'm sure even if this acquisition ends up bringing serica down, you wouldn't have a bad word said about it! So I'm going to save my myself sometime and decline to engage on this topic in future ... no offence....Best Regards Al Read Full Thread Reply
Posted at 19/9/2023 12:58 by ashkv 19th SEP SERICA ENERGY PLC Interim Results 19th Sep 2023 at 1:30pm Investor Presentation Mitch Flegg will provide a live presentation relating to the interim results via the Investor Meet Company platform today at 1.30pm BST. The presentation is open to all existing and potential shareholders. Investors can sign up to Investor Meet Company for free and add to meet Serica Energy plc via: Investors who already follow Serica on the Investor Meet Company platform will automatically be invited. A copy of the accompanying presentation can be found on our website: www.serica-energy.com. Read Full Thread Reply
Posted at 22/12/2022 16:22 by ashkv Below commentary might be of value investors/chat visitors who might have missed it prior. REPOST SQZ Share Price low on 20 Dec 22 -> 254.5p GBP 460 million Net Cash or 168.5p in share price terms Market Cap at 254.p - GBP 695 million therefore Enterprise Value is GBP 235 million. SQZ's 26,000 to 27,000 boepd valued at 254.5p (Current SP)- 168.5p (Net Cash given Zero Debt) = 86p working to an Enterprise Value of GBP 235 million KIST, HBR etc etc can easily pay 450p for SQZ for a win win deal!!! Clearly Mitch Flegg CEO of SQZ is doing a deal that is only good for himself and his entrenched lazy management. Divestments by majors and similar compelling value accretive deals to be had all over the world but lazy soft useless muppet Mitch Flegg couldn't be bothered hoofing around the world to secure a compelling deal for SQZ share holders!!! Much more comfortable working from home and earning his big fat undeserving compensation (pathetic 2022 share price performance). Clearly a win for Mercuria and Tailwind!!! What is the necessity to keep all of the senior management with the new firm? Why not pay off the Tailwind RBL - rather than undertake hedging agreements that will advantage Mercuria over Serica shareholders? Why would Mercuria benfit / give value away to Serica which is 25% owned by Mercuria versus parent Mercuria? Plainly this is a deal to secure Mercuria as a blocking shareholder to prevent SQZ being taken out to the benefit of management and the detriment of investors!!! 50% plus of SQZ shareholders are private investors!!! Why no meeting / update for us? We are being treated as unworthy lowlifes by corporate parasitic overlord / entitled corpocrat Mitch Flegg!!! I expect an offer from KIST, HBR etc or Hedge Fund activism - this corporate skullduggery can't stand!!! SQZ even presently as proposed combined entity with Tailwind is undervalued!!! But where are the catalysts that will ignite the share price post merger?? North American E&P firms have had stellar share performance due to compelling buybacks / dividends - SQZ need to allocate a large percentage of Free Cash Flow to investors NOW!!! Hydrocarbon E&P is not a tech business and cash should be shoveled back to investors. SQZ investors were promised Buybacks if North Eigg came up a duster and in place we have got this dog of a deal - and taking inflation into account negative 12m / YTD return on our investment!!! Mitch Flegg needs to step aside or be forced out - he has not lived up to his fiduciary obligations. This is the issue with UK corporates they are bureaucratic self dealing and not focused on shareholder returns!!! Need clarity on tax benefits, projections on after tax projected profits under gas / Brent price scenarios etc etc - useless presentation put forward today... very underwhelming!!! Finally from a strategic long term view - Why focus on the North Sea with high costs and high taxes? Moreover with Commie Labour most likely assuming power in 2 years from the Socialist Tories - given Labour's even more Green crazy / punitive / ominous for the UK E&P scene the outlook is not favorable!!! Read Full Thread Reply

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